Coalition warns of 'record' budget deficit amid revenue slump

Posted to The Australian (29/4/2011) on 29/4/2011 at 6:48 PM
Commenting on “Coalition warns of 'record' budget deficit amid revenue slump”
http://www.theaustralian.com.au/news/nation/coalition-warns-of-record-50bn-budget-deficit/story-e6frg6nf-1226046962406

Anyone still supports these three stooges, “Gillard, Swan and Rudd”, is a stooge too. $50 billion or $54.8 billion are not just numbers; these translate into pain and suffering for most Australians now and a generation or more to come. Government does not have money; the money comes from your pocket, my pocket, and pockets of many fellow Australians.

Government run by stooges who are inept to manage our hard-earned money should be sacked as soon as possible. It was not because these stooges were handed a debt burdened economy; they had more than $20 billion in the kitty when baby face Rudd of the Labor Party snatched the prime ministership from Howard. Rudd and his fellow stooges spent the money recklessly and behaved as though there was no tomorrow.

Imagine if you were filling an Olympic-size pool with bottled water of 1 litre each, you will need 2.5 million bottles. If you pay $1 for a bottle of water, the amount of money Australia owes the world will buy you 189.9 billion bottles, enough to fill 76,000 Olympic-size pools. Honestly, the way these three stooges spend our money like water must have beaten any Guinness World Record.

From SinFongChanPolitics.blogspot.com

Internet shopping to cost 50,000 Australian jobs in next five years

Posted to Herald Sun (29/4/2011) on 29/4/2011 at 3:31 AM
Commenting on "Internet shopping to cost 50,000 Australian jobs in next five years - National Retail Association"
http://www.heraldsun.com.au/news/internet-shopping-to-cost-50000-australian-jobs-in-next-five-years-national-retail-association/

The bigger the online sales boom, the more China will benefit, because China is the Factory of the World producing products for almost all the online stores, and despatching them from China directly! Today, the items are small in size, but tomorrow the product range will include larger household items, furniture, cars, yatch, etc.

It has been said that Australian students' academic performance is far behind the Asian, the next obvious move is to enrol in online classes conducted by Asian schools oveaseas. In fact, this matter was raised at the training session I attended on 28/4/2011.

The most frightening thing that will eventuate is that China will become the Office of the World. With the advancement of technology, offices will follow the footstep of factories and schools and become borderless. All office works can be done remotely - documents/transactions processed, filed and stored; reports produced; calls answered; money transferred; meetings organised and conducted in virtual meeting rooms.

50000 jobs are just a small drop in the ocean. If you are working in an office reading this comment, "be alert, and alarmed", because your job will go sooner than you think.

China's economy about to overtake US

Posted to Monash Weekly (25/4/2011) on 26/4/2011 at 1:35 PM
Commenting on “China's economy about to overtake US”
http://www.monashweekly.com.au/news/world/world/general/chinas-economy-about-to-overtake-us/2143313.aspx

Good on China. This is a great example for many countries to follow! Unfortunately, far too many countries adopt the NATO’s motto - Talk Only No Action!

With a population of 1.3 billion people to support and yet can win the economic race is definitely a modern day fairy tale. Australia has only 23 million people, but keeps whinging about the size of the population – this is just laughable!

While Australia still needs to resolve the NBN rollout, China has already built the highest rail track in the world linking Beijing to Tibet, the fastest bullet train, a modern international airport bigger than London’s Heathrow Airport, thousands of wind turbines, booming automotive industry building electric cars, rockets to send satellites and astronauts to outer space, and the most awesome one is that China is the factory of the world now!

Is there anything China cannot excel in? China is progressing at lightning speed – thanks to technology transfer, it is rather unstoppable. What is more concerning is that China will soon be the office of the world. With the unprecedented speed of technological advancement, a modern office is no longer an enclosed space with fixed locality - staff can be situated in other parts of the world, and documents filed and backed up in computer servers remote from the source.

Can you imagine the benefit of outsourcing office services to overseas companies? Just compare that with buying goods online from other countries – there is no GST if the value is under $1,000. Outsourcing office work saves on payroll tax, compulsory superannuation guaranteed contribution, office expenses, union interference, etc. What is going to happen to employment?

2009-2010 $19.1 billion international education industry has become the thing of the past. Australian government move to change the visa and permanent residency policies have led to a drastic decline in international students coming to study in Australia, causing a financial blackhole in our economy. This subject has not been raised openly and treated urgently by both political parties.

With economy of scale and determination, China can train more people in China per week than probably all the Australian learners / trainees trained in one year. It is just a matter of a decade or so, professional trainers in China will lose their accent, and international students from all over the world will be pursuing their qualifications in China. After being an educator / trainer in the industry for about 15 years, I can only say that future learners will probably get higher quality training in China than Australia, and at fraction of the cost.

After all that being said and written, are there no negatives about China especially the way she deals with human rights and social justice? I can only say it is a matter of opinion, and this is not relevant to the subject in discussion.