Bob Perry, you forget one thing: It's only your friends that will tell you what's wrong with you. I'm not bashing America, I'm saying for fucks sake, start fixing what is broken.
Not only that, it is American economists in general who developed the theory of how to run an economy in the first place, yet you arent even listening to your own experts, instead listening to bought and paid for idiots.
To put it in sailing terms, if I go onto a boat as a sort of "coach" for want of a better word, and after looking at the boat and the crew over a lap or Two, I suggest that the crew (a) put some backstay on (B)/> move the cars © Trim the main more effectively and by the way, adjust the rig to get a hairsbreadth more weather helm upwind (d) turn off the instruments upwind because you can NOT trim a boat by GPS speed (I kid you not) and start sailing by feel (e) stop trying to make tactical moves to win Five yards at the risk of losing a hundred yards...........and the skipper turns round and says "stop criticising me"???????????? WTF?????????
I'm decended from the first child born from the Mayflower - Peregrine White. I first went to the states as a Five year old in the mid Fifty's - it was a place of wonder and awe. I have sixty plus relatives in the USA.
I went back several times in the Seventies and Eighties and Nineties - still awesome. I used to arrive with an empty suitcases and come back to Australia loaded with everything from Fieldcrest towels to records at a fraction of Australian prices. I still remember taking a Thunderbird convertible from Boston down to Hartford and then back via Mystic in a beautiful September.
Fast forward to 2002. I arrive in New Orleans and am amazed at the people with backsides Two axe handles wide. I go to the RIverside Mall and notice that our malls are identical right down to the little carts selling mobile phone covers, except our prices are cheaper. I travel to Madison, Wisconsin, Minneapolis, Chicago, Pittsburgh and Los Angeles. There is nothing that I cannot buy cheaper in Australia, except perhaps firearms. The infrastructure is looking run down. I run across a fewe public servants with attitudes that would have them fired in a New York minute in Australia. I carried a tri band mobile phone that still wouldnt work consistent;y across the country because of your stupid telecommunications infrastructure.
I ended up thinking "man, there is something stupid going on here, but I don't know what".
To use the sailing metaphore again, I am not laughing at you. I am trying to tell you you are standing into danger. If you do not believe that there are things other people and countries do better, then you are committing exactly the same error as a nation that the American car companies made when first faced with japanese automotive competition - look at the wreck Detroit is today. Do you want the whole country to look like Detroit?????
Lest any of you think this is Australian triumphalism, it isnt. We are our own worst critics and we have plenty of issues to sort, but none of them are the bullshit issues you face (except perhaps illegal immigration).
For fucks sake stop confusing constructive criticism with "America Bashing".
And, to get back on topic, the Dan Meyers business model epitomises what is wrong today : "heads I win, tails you lose"
....and did someone mention tits?
Ummmm Friday, December 7, 2012 US Energy Chief Frustrated With Our Taxes, Costs
IT takes a lot to rile Chevron Australia boss Roy Krzywosinski, an amiable American who has steered clear of controversy since he landed in Perth in 2008 to build two massive liquefied natural gas projects now worth a combined $80 billion.
But when he fronted the In The Zone conference at the University of Western Australia two weeks ago, it was apparent Krzywosinski's patience with Australia as a place to do business was running out.
The local head of the California-based energy giant slammed the federal workplace regime and the carbon tax for pushing up costs and lamented Australia's regulatory inefficiencies and its layers of federal-state duplication.
"These costs add to the growing list of disincentives to invest here," he said, reading from notes that had been vetted by his bosses in the US. "This should worry anyone who is interested in Australia securing long-term investment, jobs and economic growth."
Krzywosinski also referred to studies that showed projects in Australia were 40 per cent more expensive than in the US and local workers were 60 per cent less productive than their American counterparts.
It might have sounded like yet another rant from a business leader about Australia's poor investment climate, except in this case Krzywosinski had tangible evidence of the damage being caused by poor productivity.
What he knew at the time, but which had yet to be revealed, was that the cost of building the Gorgon liquefied natural gas plant -- Australia's biggest resources project -- had ballooned from $43bn to $52bn.
To an extent, Krzywosinski is right.
Chevron has had difficult dealings with the militant Maritime Union of Australia, whose actions have severely slowed progress in the construction of Gorgon. The four main construction unions at Gorgon have also been emboldened by the federal government's Fair Work Act in pushing for better wages and conditions.
Productivity on Gorgon has been further weakened by Australia's skills shortages and the resultant poor quality of many local contractors who are inexperienced in working on big LNG projects.
And Chevron is under relentless pressure from unions and governments to spend as much of its budget as possible -- about $18bn on present estimates -- within Australia. The rising value of the local currency has made this demand for local content far more expensive for Chevron in US-dollar terms.
Yet perhaps Krzywosinski's UWA speech was also seeking to deflect any blame that might come Chevron's way for the cost-inflating decision years ago to build Gorgon on Barrow Island, an A-class nature reserve off the Pilbara coast.
As the home for the next few decades of what will be one of the world's biggest LNG plants, Barrow Island is a logistical nightmare.
Even WA Premier Colin Barnett, when he was opposition leader in 2003, thought building on Barrow Island was a bad idea, telling parliament that the Gorgon plant should be built on the mainland for economic and environmental reasons.
Chevron's own decision to build on Barrow Island has been responsible for creating mountains of productivity-sapping red tape.
Tens of thousands of pieces of material and equipment that arrive on the island are subject to quarantine, including inspection, cleaning and wrapping, before they can be unloaded.
In total, Chevron's quarantine management system for Gorgon consists of more than 300 procedures, specifications, checklists and guidelines aimed at protecting the island's unique biodiversity.
In the first 18 months of construction alone, Chevron moved 200,000 tonnes of freight to the island, completed 70,000 passenger movements and trained more than 10,000 people in quarantine awareness. It's easily the world's biggest non-government quarantine system.
But a leading consultant to the LNG industry, who asked not to be named, told The Australian "building Gorgon on Barrow Island was a huge, fundamental mistake, driven by a need to be seen to be separate from the (Woodside-operated) North West Shelf project (on the Pilbara mainland)".
In the wake of the $9bn Gorgon blowout, it seems unlikely that any new greenfields LNG projects will be approved in Australia for some time.
Perhaps it's the end of the boom as we know it.
This news story is reprinted from www.smartcompany.com.au.
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- Posted by BBWG129 at 15:50:54 in Tax News
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