Author: Neville

  • Guards of dishonour march into court

    Guards of dishonour march into court

    Date February 9, 2013 Category Opinion 15 reading now

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    Mike Carlton

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    Eddie Obeid leaves ICAC. Photo: Edwina Pickles

    What a spectacular parade of greed and deceit there has been at the Independent Commission Against Corruption these recent months.

    In they went and out they came: a revolving door of touts, chancers and urgers, scum from the Sydney business world and the swill of the Labor Party.

    Money was their holy grail, other people’s money and lots of it.

    I had thought counsel assisting the inquiry, Geoffrey Watson, SC, was exaggerating, as barristers will, when he invoked the spectre of the infamous Rum Corps on the first day’s play last November. The evidence since suggests this was restrained understatement. We have seen NSW Inc laid bare, rotten to the core.

    Counsel Assisting the Commission Geoffrey Watson. Photo: Edwina Pickles

    No doubt the business figures involved think of themselves as canny investors, superior men of affairs far smarter than your average bear. Money was their holy grail, other people’s money and lots of it. They include John ”Foghorn” Kinghorn, best known for his exquisite timing in trousering a cool $670 million by selling off his RAMS home loan business shortly before it fell to pieces in 2007. Kinghorn is one of the so-called Magnificent Seven, each of whom stood to make about $60 million with the flick-of-a-wrist sale of coal company A to coal company B.

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    Another is Richard Poole, amusingly described as an investment banker, and heard on a phone intercept saying ”we want money and we don’t give a f— how we get there”. For all his vaunted financial expertise, he had difficulty explaining the millions sloshing in and out of his wife’s bank account.

    My personal favourite of this bunch is one John McGuigan who, after repeatedly denying to Watson that he was ”after the shortest route to the biggest pot of money”, was much discomfited to hear himself spouting that very phrase in yet another telephone tap. For all the swagger, some of them appear to be not all that bright.

    Then there is Edward Moses Obeid himself, the capofamiglia at the dark centre of it all, with his smug, reptilian face and his brood of oily sons. Eddie is bright. You would have to be, to turn the $200,000 a year in pay and allowances for a member of the NSW upper house into a squillion-dollar octopus run by a bewildering network of trusts, as he would like us to believe. His defining moment came on Tuesday when he blew his cool and snapped at Watson that ”I have spent more money than you have made in your lifetime”. He seemed to be proud of this.

    Hooray for the anonymous onlooker in the queuing throng who told him that ”It is not a guard of honour, I assure you”. As Kate McClymont reported, Obeid’s brief and my old ABC colleague Stuart Littlemore, QC, momentarily abandoned his Zen-like calm to shoot back: ”I will speak to the commissioner about you”. Grrrrr, Stuart, I bet that frightened him.

    The fat lady sings on Monday when the former energy minister Ian ”Sir Lunchalot” Macdonald will be in the witness box to assist with inquiries. Too much to hope that he’ll roll over and reveal all, I suppose.

    In high contrast to the odious crew above, a good man died this week. Roy Wotton, OAM, a retired Anglican priest, left this world at the age of 99, deservedly mourned by all who knew him. Roy had been an army chaplain in New Guinea in 1942, in the thick of the fighting as the Australians stopped the Japanese on the Kokoda Track. In a few bloody months, he buried more than 400 young Diggers, a horror that affected him profoundly and cemented the pacifist beliefs he would hold all his life.

    Not that he was a shrinking violet. At one burial service, he spotted an armed Japanese soldier creeping through the jungle and brought him down with a rugby tackle; he had been a nippy rugby halfback at Fort Street Boys’ High. There was another celebrated occasion when no less than the American Caesar himself, Douglas MacArthur, asked him what the terrain was like at Kokoda. ”Put on some boots and find out for yourself,” Roy retorted.

    Our paths crossed when I was on radio and he rang me a few years ago to get something done about a memorial for the great Australian battles at Buna and Gona. His humanity shone through. For 28 years he was the rector of St John’s at Gordon on the north shore, where he upset many of his Tory-blue congregation with his trenchant opposition to the Vietnam War. A high church Anglo-Catholic, in his later years he came to despise the piss-and-wind evangelicals who have seized control of the Sydney diocese.

    Roy Wotton died suddenly last Sunday, just a few months short of his 100th birthday. They farewelled him at his beloved St John’s.

    It’s that time of the year when the nutters of Europe are wont to flee the northern winter and blow in for a visit here.

    First cab off the rank this month will be that loon, the Viscount Monckton of Brenchley, who believes the science of climate change is a Marxist plot to gain control of the world. Monckton would like you to think he is a member of the British House of Lords, which he is not. This time around he is being carted about the place by none other than Pastor Danny Nalliah, of the Melbourne-based Catch the Fire Ministries. Danny, you might remember, claimed that Victoria’s Black Saturday bushfires of 2009, in which 173 people died, were God’s punishment for the state’s legalisation of abortion. He has also suggested that the Queensland floods of 2011 were ”God trying to get our attention” after Kevin Rudd had delivered a speech critical of Israel. Enough said there.

    The second nutter is a far-right Dutch MP, the peroxide-blond Geert Wilders, a bigot who rants against Islam and has compared the Koran to Mein Kampf. His sponsors are a secretive mob called the Q Society, whose deputy president, Debbie Robinson, warned the ABC’s Lateline program last year that Muslims here were demanding that Australians should ”not have Christmas trees, stop having pork, don’t drink alcohol”.

    It’s part of life’s rich pageant. They should give us all a good laugh.

    smhcarlton@gmail.com

    Read more: http://www.smh.com.au/opinion/politics/guards-of-dishonour-march-into-court-20130208-2e3ac.html#ixzz2KN5CVQCT

  • Rumours Ian Macdonald is making his move

    Rumours Ian Macdonald is making his move

    Andrew Clennell
    The Daily Telegraph
    February 09, 201312:00AM

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    Listen to the Obeid phone tap
    Ultimate betrayal?

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    Listen to the Obeid phone tap

    Eddie Obeid and Greg Jones on the court tendered intercepted telecommunication

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    Ultimate betrayal?

    The corruption watchdog has accused Eddie Obeid of being part of a criminal conspiracy to rip off the people of NSW

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    Former NSW ALP MP Ian Macdonald leaving ICAC / Pic: Craig Greenhill Source: The Daily Telegraph

    HE will be ICAC’s star witness on Monday, but besieged former state Labor minister Ian Macdonald appears to be cutting his ties with Australia after listing his country retreat for sale.

    The man at the centre of one of the state’s biggest political corruption investigations has listed his 21ha farm property in Orange for sale at $960,000.

    Mr Macdonald and his wife offloaded their house in Strathallen Ave, Northbridge, for $1,187,500 in April 2012, shortly before he moved to Hong Kong.

    When contacted to see if the property was still on the market, real estate agent Jim Oates said yesterday there was an offer on the property but the owners would not be available to consider it, or other offers, for a week – they would be tied up it seems.

    When informed it was The Daily Telegraph on the phone, Mr Oates said he could not disclose when the property, which Mr Macdonald bought in 2007 for $675,000, came on the market.

    Recommended Coverage

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    The land of the long, lavish lunch»

    GREG Jones and Ian Macdonald were best mates. Staffers for former attorney-general Frank Walker from 1977 to 1988 – before ICAC was set up – and it was anything goes.
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    Libs won’t let ski-lodge story slide»

    STEPHEN Conroy is facing Opposition pursuit over why he did not declare his free weekend at a Labor powerbroker’s ski chalet.
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    No power to act on evidence»

    THE corruption inquiry examining the Obeid family has heard claims of greed, deceit and leaking of government secrets, but it is a “toothless tiger” when it comes to prosecuting those who appear before it.
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    Obeid slings mud and clouds water»

    AS alibis go, federal Employment Minister Bill Shorten’s seems to be absolutely watertight. Or at least snow-proof.
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    Punters wonder where the cash went»

    EDDIE Obeid’s still got it. Striding into a restaurant during a break from his grilling in the ICAC witness box, the ex-pollie was commanding.
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    Conroy denies association with Obeid»

    STEPHEN Conroy has admitted he knew the Perisher ski lodge he stayed in during a two day visit to the resort in 2005 or 2006 was owned by NSW Labor powerbroker Eddie Obeid.
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    Police on scent of family cash trail»

    EDDIE Obeid’s time in the witness box may be up, but Premier Barry O’Farrell warned yesterday that the Independent Commission Against Corruption was not the only one interested in the former ALP powerbroker.
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    Obeid off stand, still in trouble»

    EDDIE Obeid yesterday told the counsel assisting the corruption inquiry: “I’ve spent more money than you’ve earned in a lifetime” – a claim backed by his family trust ledger, which showed millions of dollars beyond the salary he declared to parliament.
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    Absolute power destroys Labor»

    WE will all know the Labor Party in NSW is serious about cleaning up its act when it appoints respected independent figures with authority.
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    Ministers dragged into Obeid scandal»

    STEPHEN Conroy and Tony Burke admitted staying at Eddie Obeid’s Perisher ski lodge, as federal Labor figures embroiled in ICAC inquiry.
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    ICAC exposes $4m bribery allegations »

    EXPLOSIVE handwritten notes have exposed allegations former Minister Ian Macdonald took bribes from deals connected to his portfolio.
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    Mr Macdonald moved to Hong Kong with his wife last year – the same place his close mate Greg Jones moved around the same time after putting his house in Vaucluse on the market for $14 million.

    The ICAC heard this week that a handwritten note by Mr Jones, seized by investigators, seemed to indicate payments that were to be paid to Mr Macdonald for decisions made by departments he oversaw when a minister.

    Mr Macdonald is expected to be grilled over Mr Jones’s notes as well as allegations the granting of coal exploration licences may have benefited the family of former Labor powerbroker Eddie Obeid.

  • Mining tax comes up short

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    Mining tax comes up short

    Date February 8, 2013 – 3:48PM 283 reading now

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    Lenore Taylor and Judith Ireland

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    Treasurer Wayne Swan. Figures show the mining tax raised $126 million in its first six months. Photo: Alex Ellinghausen

    The government’s controversial mining tax has raised only $126 million in its first six months of operation, Treasurer Wayne Swan has announced.

    The Gillard government had budgeted for the tax to raise $2 billion this financial year.

    Labor has been under intense pressure to make good its promise to reveal how much money the tax is raising.

    The Senate first issued demands to the government and then to the Tax Commissioner Chris Jordan and shadow Treasurer Joe Hockey forshadowed threatening to change the law to force the revenue disclosure.

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    The government had argued that the tax, which only applies to coal and iron ore after it was watered down from the original version after Julia Gillard became Prime Minister, was being paid by so few companies that revealing the total revenue would disclose what individual companies pay.

    Treasurer Wayne Swan said it was ”clear revenues from resource rent taxes have taken a massive hit from the impact of continued global instability, commodity price volatility and a high dollar”.

    ”Revenues across the board are down very substantially – MRRT is a profits-based tax that raises more revenue when profits are higher and less when they are lower.”

    He released a minute from Mr Jordan saying that he had ”on balance” formed the view that it would not disclose an individual company’s tax details to reveal the figure, in particular because the revenue raised in the second quarter of the 2012-13 financial year was ”substantially larger” than the first.

    In the wake of the announcement, shadow treasurer Joe Hockey suggested Mr Swan resign, labelling him the “most incompetent Treasurer in Australian history”.

    Mr Hockey told reporters in Sydney that Mr Swan had introduced a tax “that has caused so much pain and hardly raises a dollar”.

    The shadow treasurer said that the government had locked in spending that was not there and “made promises it cannot pay for”.”If Wayne Swan had any self respect, he would resign,” Mr Hockey said. “Just go.”

    Ms Gillard told reporters in Queenstown that profitability was “obviously impacted by volatility in commodity prices”.

    “What we said to the nation with the minerals resource rent tax is that we wanted to tax profits in our minerals sector in the most efficient way, that is, to take tax when they are at their most profitable,” she said.

    “There was always going to be volatility in the MRRT as a result.”

    Greens leader Christine Milne called the mining tax revenue “shockingly low”.

    The Greens have been calling on the government to not only release the revenue figures but tighten up the mining tax legislation

    “The miners once again had a big win,” Senator Milne told reporters in Canberra.The Greens are calling on government to back legislation the party has ready to increase profits.

    Greens MP Adam Bandt said he plans to introduce a bill into the lower house on Monday to close one loophole that “would mean the government did not have to give money back to the miners every time the state premiers choose to raise their royalties.”

    Mr Bandt said the bill would raise $2.2 billion over the forward estimates and had support from the crossbenches.
    The Greens told reporters they thought Mr Swan had opened the door to Labor supporting the bill.

    “We do welcome the fact that at his press conference, the Treasurer has said that he is prepared to look at other factors other than commodity prices,” Senator Milne said.

    Ms Gillard made renegotiating the mining tax a priority when she became Prime Minister in mid-2010, agreeing that miners could deduct state royalties from their mining tax liability. This meant that when a state raised mining royalties on iron ore or coal, the tax’s proceeds were reduced.

    Read more: http://www.smh.com.au/opinion/political-news/mining-tax-comes-up-short-20130208-2e2v3.html#ixzz2KHVcu4qg

  • Mateship forged in the land of the long, lavish lunch

    Mateship forged in the land of the long, lavish lunch

    Andrew Clennell
    The Daily Telegraph
    February 08, 201312:00AM

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    GREG Jones and Ian Macdonald were best mates. Staffers for former attorney-general Frank Walker from 1977 to 1988 – before ICAC was set up – and it was anything goes.

    They were part of a group made to pay back tens of thousands by former premier Neville Wran for a series of lavish lunches on the public purse.

    Mr Macdonald went into the upper house. Mr Jones went into business, doing well enough to own a Vaucluse house he put on the market last year for $14 million.

    Through those years they kept lunching – including when Mr Macdonald appointed Mr Jones head of the NSW Wine Advisory Council.

    The relationship between this pair epitomises NSW Labor Inc. Where business meets politics and the politically connected get rich.

    After evidence at ICAC yesterday, it seems Mr Macdonald’s “lack” of money to pay for his houses in Cremorne and Orange were the reason for $195,000 in loans Mr Jones’ company made to him.

    They occurred after Nathan Rees dumped Mr Macdonald from cabinet (October 15, 2009) and before Kristina Keneally reinstated him two months later. He went from a minister’s wage of $250,000 to a backbencher’s $130,000.

    But those loans had nothing on the bombshell counsel assisting Geoffrey Watson SC dropped – notes handwritten by Mr Jones which Mr Watson alleged were records of payoffs to Mr Macdonald.

    Mr Watson also mentioned a bank account Mr Macdonald has in Singapore which we will hear more about. Among the accusations, there was levity. Mr Watson asked who paid for a meal the pair had at Rockpool. Mr Jones replied: “Have you ever seen a politician pay for a meal?”

  • Canberra electric car network stalls

    Canberra electric car network stalls

    ABCUpdated February 8, 2013, 9:51 am

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    Canberra power retailer ActewAGL says it will push ahead with developing an electric car network in Canberra, despite its international partner pulling out.

    In 2011, Israel-based company Better Place launched a scheme to set up 16 recharge points around the capital.

    So far only 13 have been built.

    ActewAGL was one of the initial investors in the project, putting in $2 million.

    It also had a $60 million, 10-year contract with Better Place to supply electricity for the Canberra network.

    Last month it was revealed Better Place was shifting its short-term focus away from Australia which would have delayed the project.

    But now Better Place has announced it is winding up its Australian operations.

    ActewAGL CEO Michael Costello says it is a disappointing development and his company is unlikely to see a return on its investment.

    “We’re going to take stock of where we stand now and see we what we do next. But it won’t just be us. We’ll be talking to the government and we’ll be talking to other players,” he said.
    “There are a lot of other people interested in this in Canberra. But it will be progress over the coming years. We don’t intend to back off.”

  • Asteroid’s Earth fly-by will enter satellite zone

    Asteroid’s Earth fly-by will enter satellite zone

    Date February 8, 2013 – 8:42AM 44 reading now

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    A NASA simulation of asteroid 2012 DA14 approaching from the south as it passes through the Earth-moon system on Feb. 15, 2013. Photo: Supplied

    Washington: An asteroid half the size of a US football field will dart between Earth and orbiting satellites next week, sparing the human race and putting on a show for sky gazers in Eastern Europe, Asia and Australia, NASA said.

    The 150-foot diameter asteroid, named 2012 DA14, will pass 27,358 kilometres above Earth on February 15 — lower than the orbits of some satellites — in the closest known approach of an object of its size. It will travel on a north-to-south trajectory at 7.8 kilometres a second, or about eight times the speed of a rifle shot, NASA scientists said today.

    “No Earth impact is possible,” Donald Yeomans, who manages the Near-Earth-Object office at Pasadena, California- based Jet Propulsion Laboratory, said Thursday.

    The NASA unit monitors relatively small space objects such as DA14 to measure the risks they present to the Earth. Researchers said the asteroid’s close trajectory will help NASA in preparing for an eventual encounter with a near-Earth object later this decade.

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    While a strike by an asteroid DA14’s size would do “a lot of regional destruction,” it wouldn’t be catastrophic to the planet’s population, said Lindley Johnson, program executive for NASA’s Near-Earth Object observations program in Washington.

    Mr Yeomans said the damage from DA14 if it were to hit would rival an impact event in Russia in 1908 that levelled trees over an 820-square-mile territory. The asteroid that is thought to have wiped out the dinosaurs was about 10-kilometres in diameter.

    Space Station Safe

    The NASA scientists said the asteroid would still pass above the orbits of most of the communications satellites circling Earth, and doesn’t pose a threat to the International Space Station, which moves above the planet at about 250 miles.

    Amateur astronomers will need a small telescope to see the asteroid, which would appear as a moving pinpoint in the night sky, said Timothy Spahr, the director of the Minor Planet Centre in Cambridge, Massachusetts. The best viewing location for DA14’s closest approach is Indonesia, with sky gazers in Eastern Europe, Australia and Asia also getting good looks at the asteroid.

    The NEO program office said that an object of similar size gets this close to Earth once every 40 years, and that an actual collision can be expected only once in 1200 years.

    Some companies and entrepreneurs are eying asteroids as possible sources for trillions of dollars in precious metals.

    Planetary Resources Inc., based in Seattle and backed by Google Inc. Chief Executive Officer Larry Page and Chairman Eric Schmidt, are working to launch a telescopic space surveyor to identify resource-rich space rocks in the next couple of years.

    Bloomberg

    Read more: http://www.smh.com.au/technology/sci-tech/asteroids-earth-flyby-will-enter-satellite-zone-20130208-2e28j.html#ixzz2KG1gIQHE