Outside noisy, inside empty – old Chinese proverb

A-manda-rinDespite the extraordinarily generous largesse of the Whorestralian taxpayer subsidising her mature age Mandarin language lessons to the estimated tune of $70,000 (that’s RMB430,000), it appears our investment in Amandarin Vanstone has not borne fruit. The $70,000 could include

… a $3,600 airfare to China for the Senator’s teacher.

New Immigration Minister Kevin Andrews is reported to be deeply concerned by the spending and has demanded an audit into the spending.

Mandarin lessons are cheaper in Shanghai

…where university courses cost around RMB8,000 to RMB12,000 per semester, or hourly lesson rates cost anywhere between RMB40 to RMB200. Even removed from a normal Chinese-speaking environment, you would think that spending that large amount of money allow you to obtain a reasonable degree of knowledge for the language, wouldn’t you? Not so.

Amanda’s viva exposition of her newly acquired skills ‘failed to impress a seasoned Mandarin-speaking businessman when delivering a speech in Mandarin in Canberra last year, with the man describing it as “excruciating”‘.

Kevvie Rudd speaks Mandarin fluently – was Amandarin jealously keen to catch up?

Or did she want to taunt immigrants or detainees in Australia’s immigration detention centres in their own language?

Further reading reveals that recently the overspending Senator may have been angling for a plum job representing Australia in China.

Perhaps we should direct our hard earned tax dollars into intelligence and skills aptitude testing for pollies before allowing them to pursue their wilful follies at our expense.

Santoro’s Holey Stockings

Santoro revealedAngry and embarrassed, Howard accepts Santoro’s resignation – in the light of previous resistance exemplified by a declaration that Santoro’s lapse of memory was a mistake, not a sackable offence, we are left in no doubt that the prime monster’s vaunted code of ministerial conduct has been garish window-dressing to cover up shameless debauched hypocrisy.

Howard has enjoined all his ministers to scrutinise *their* shareholdings – thus prospects for ongoing hilarious political entertainment have been improved considerably over and above the still-pending federal police investigation into three MPs over allegations of abuses of their printing allowances. The latest Morgan polls show Labor maintaining a stunning lead 61/39 – looking very grim for the Libs at this juncture.

Companies which Santoro absent-mindedly held and or traded through his and his wife’s family trust since late 2005 are (courtesy of William Burrough’s Baboon):

Continue reading “Santoro’s Holey Stockings”

Of SubPrimes and Pigs in Shit

Howard Wallowing

With the passing of the Ides of March, we have strong suspicions that the second market correction may be over – will there be a third? It is possible the subdued buying of resources – first copper, then zinc – by the Chinese in the past little while was deliberately orchestrated to engineer prices down to coincide with the beginning of the Year of the Gold Pig. Of relevance here may be the decision by the Asstralian government last December to remove capital gains taxes for foreign investors and the more recent Chinese government decision not to impose capital gains tax on their investors. Metals prices rose strongly last night. Will the bull market resume or will the crazy crazy selloff of our precious resources continue unabated?

A Porky MonarchyWho wouldn’t like to have been a cashed up Chinese investor this year, rolling in US dollars, eager to drop them into cheap physical resources as the United Stupids economy sags under the weight of precarious hedge and subprime mortage funds and a tenuous bond market?

And where better to invest than in relatively insulated CGT free rich Australian resources at bargain basement prices – particularly uranium (Citic has been buying up more SAU this week), gold and zinc.

Kiss goodbye to your birthright treasures, fellow Asstralians – and don’t expect to reap any of the proceeds of the fire sale in additional community services in this election year – Howard’s mudslingers need every cent to artificially deflate the trade deficit, to buy more crappy US jet fighters and electioneering pork. And as for you pathetic, whinging Asstralian mortgagees, get ready to wear another interest rate rise you have to have, trust me, it’s for your own good,.

Fringe Renovations

Beyond the Fringe

Becoming bored with the creative, coding and speed limitations of Blogspot, we decided Beyond the Fringe deserved a fast new location with its own domain. We’ve employed open source WordPress software which provides the use of pages and a growing pot pourri of plugins.

With some modifications of the very versatile Mandigo theme, we’ve conjured up a look which we feel suits our aims, along with providing flexibility to change the top fringy pic easily when we feel like a change. We hope you, the jaded netsurfer, enjoy our new relaxed look! Comments are welcome. 🙂