John Rainford

Former senator and Labor Party ALP national president Stephen Loosely observed that in the lead-up to the 2007 federal election the Howard government’s unfair work laws — known disingenuously as Work Choices — could not have withstood unionism’s industrial response had the previous Liberal prime minister Malcolm Fraser tried to introduce them. But by 2006, an industrial campaign was beyond their capacity, a fact that was equally recognised by the unions. In the two years preceding the 2007 election, the ACTU ran what was effectively an election campaign for Labor.
As the global financial crisis unfolded in October 2008, part of the Australian government’s response was to provide unlimited guarantees of bank deposits and wholesale funding. One result was that the big four banks got bigger while little was said of the $13.8 trillion in off-balance-sheet derivatives to which they were exposed. Derivatives operate in a global over-the-counter (OTC) market that is almost totally unregulated.
The first coalmine in the Illawarra began operating at Mount Keira in August 1849. As the industry developed, the Illawarra Mercury of 1857 confidently asserted: “Our Black Diamonds will promote commerce and add to our social industry.” Mining coal by hand was dangerous work anywhere it was carried out, but miners in the Illawarra had to contend with “firedamp” — a mixture of gases leaching from the coalface that were prone to explode.
A 72-year-old man overly fond of a cold shandy on a hot day and a cigarette or two, was found dead in the room he rented in a pub in Waterloo, Sydney on February 23. There was nothing particularly unusual about it except that the man, Eddie Trigg, was the last person to see Juanita Nielsen alive. Nielsen was a society heiress, a member of the family that owned the iconic Sydney retailer Mark Foy’s. In the 1970s she was living in Victoria Street, Kings Cross, running a local paper called Now.
We all know that the Independent Commission Against Corruption (ICAC) is busy at the moment. One or two troubling matters that go to planning applications in the coal mining industry. ICAC was set up in 1989 by former Liberal Premier, Nick Greiner. Ironically enough, Greiner was referred to ICAC in 1992 and found to have corruptly offered former Liberal turned Independent, Terry Metherell, a public service position, as a director of the Environmental Protection Authority.
The hottest show in Sydney has an unusual setting, a hearing room on the seventh floor of 133 Castlereagh Street. This is where the NSW Independent Commission Against Corruption (ICAC) is investigating affairs involving former Labor state minister Eddie Obeid and his family, and former Labor minister for resources Ian Macdonald. Obeid is accused of benefiting from buying farmland over which MacDonald allegedly approved a coal mine, in return for receiving millions of dollars in kickbacks.