Last month Australia slipped further down the rankings in the international corruption index. Among a wide range of factors cited by Transparency International was Australia’s “inappropriate industry lobbying in large-scale projects such as mining”, as well as “revolving doors and a culture of mateship”.
In the middle of the harshest winter for more than a decade, Britain finds itself still gripped by the icy fingers of neoliberal austerity.
West Virginia officials agreed on March 6 to a deal ending a teachers strike by raising pay for all state workers by 5%. It came after more than a week of protests across the Appalachian state.
Who would you rather vote for in a state election?
A candidate from a leafy-suburbs party that has not been able to quell its factional squabbling for long enough to win office since before the turn of the century? Or a know-nothing roped in a few weeks earlier to stand on behalf of a political opportunist, who bases his appeal on childish stunts?
Karl Fitzgerald, 3CR’s Renegade Economist, spoke to independent investigative journalist Michael West (Michaelwest.com.au) about Transurban and its control of Australia’s toll roads.
* * *
Let’s start with some numbers: traffic was up just 1.4% on Transurban toll roads over the past six months, but toll revenues were up 9.6% and the earnings before tax trickery by 11.6%. But its net profit was up a staggering 280% in just six months. What does that mean?