Forum Replies Created
Domdom… interesting slant for your first post…
“we chose to be poor just as surely as we choose to be rich”
“I don’t wholly blame those who are poor as they don’t know any better.”
Two statements, two pieces of arrogance, and infuriating ones at that.
Monkey Magic, to suggest poor people drink, smoke and punt their way to poverty is a very ill conceived line of argument… far too simplistic. Individuals have individual circumstances… who know what drives an alcoholic to drink? There’s rich people with gambling problems too… Bit tough to judge a person on a newspaper photo isn’t it?
Not everyone has choices… I don’t know the backgrounds of either of you, but be thankful you’re in a position where you feel you can look down from your ivory tower on others you think are lesser beings. The world doesn’t start and finish with your individual financial goals… there’s bigger issues, and yes, I’d like to think that people haven’t totally stopped caring about the wider picture.
Fudge and Broz – “there would be less for healthcare, roads, and everything else really.
We can’t take 47c in the dollar out of a poor person because they would not survive, but a high income earner you can.
I think the rich should just be happy they are well off and not be greedy”
Well said…
Cheers
rI’ve seen some in Broken Hill for 20k that apparently rent for 80pw
cheers
rI seriously doubt whether negative gearing will get the flick… Labor tried it once before back in the 80s and it was a disaster.
Cheers
roff the news wires
RBA looks set to hike rates again in December – economists
RBA Economists (SYDNEY)
Economists say the Reserve Bank of Australia looks set to hike
interest rates further in the coming months.
The RBA says in its November Statement on Monetary Policy there
was little to be gained in delaying a rise in interest rates, given
the stronger growth prospects here and abroad.
The nation’s central bank last week lifted rates by a quarter of
one percentage point to five per cent.
It says it will continue to assess the changing balance of risks
to the economic outlook and adjust policy as needed for sustained
and balanced growth, and to achieve the inflation target.
UBS senior economist SCOTT HASLEM says the bank’s statement
seems consistent with a further cash rate hike in December and the
first quarter of next year, to a peak of 5.5 per cent.
SG Australia economist GLEN MAGUIRE says the RBA appears to be
trying to make credit less attractive due to its concern about the
high level of household debt.
AAP RTV jmt/rpHowdy Bill…
I agree that the likes of Hot Auctions and Location Location might die a quick death… but perhaps if the market’s cooling, people might think they’re better off staying put where they are and making little improvements here and there, so shows like Backyard Blitz and Ground Force might have a touch more staying power… anyway, I’ll keep my ear to the ground here at 9 and see what I hear…
Cheers
rHi Bill…
Too many people going to see their “equity mate” for the wrong reasons… actually, maybe it’s not wrong for them, but the use of equity in that way would be wrong for me (bad debt), especially for a car that goes down in value as soon as you drive it out of the dealership.
Cheers
rg’day melissa and abbee,
take a few hours (at least) and go back through some of the posts in the treasure chest… you’ll find heaps of discussion on what you’re looking for…
cheers
rHi,
Mini – yay! Some middle ground…
PeterM – again, I can assure you that the media IS NOT controlled by the government, or at least, here at Channel 9, we are not! The only governmental interaction is when their press secretaries get in touch re: a policy launch or something, which we then try and get the for and against view… or if we’re chasing them trying to find out reasons for a budget stuff-up, factional brawling etc etc.
As you said yourself, your example of a media magnate’s son murdering or whatever is absolutely absurd. Of course it would get covered and in a big way… do you mean to tell me you honestly think Channel 9 would not cover a story if Jamie Packer was involved in something like that (not that it would ever happen) Do you not remember us covering the break-ups of his relationships with the likes of Kate Fischer and Jodi Meares in some detail? Channel 9 covering the shocking collapse of One Tel that James Packer had a lot to do with? Mate, it’s all happened and we have covered it! No positive slant, just reporting the facts! Also, who cares if someone’s homosexual… it’s hardly news is it?
Our director of news runs his own race, and doesn’t do stories just to keep the sales department and management happy. There is a reason why we have our newsroom on a separate level of the building and that is to keep the departments well and truly separated. If a big advertising client rang him up and told him not to do a story, he would tell the person in question to get stuffed.
“That isn’t how it is done.”
So you know how it’s done do you Peter? Have you ever say in on an editorial meeting of any kind? Unless you have any sort of inside knowledge on how these things work, than I can’t give you any credibility… I work in this atmosphere every day, and all I can tell you is how it is… because I know how it is and I’m telling people what happens here because I’m so sick of blanket statements bagging the media.
I can’t comment on the alleged scandal involving a Prime Minister, because I don’t know the facts… there are some legalities that come into the reporting of certain issues as I’m sure you know, but it would take too long to go into here. Do you recall the story of the late Jim Cairns (Gough Whitlam’s one time deputy PM) who had an affair with his secretary and ended up getting the sack for it in conjunction with the loans affair? Big story, and it was covered back in the 70s… What about the taped conversation between Andrew Peacock and Jeff Kennett getting stuck into Johnny Howard back in the 80s… that got covered as well, across all sections of the media. To suggest the media is out to protect certain figures in the government is as absurd as your earlier example of the media magnate’s son.
Anyway, I’m just sticking up for me and my colleagues, so I’ll leave it that. You’re entitled to your opinion.
Dino – I agree, the media is good at finding smoke… that’s supposed to be their job isn’t it? And it’s not just the TV that shapes public opinion, it’s radio and papers as well… how else would public opinion be shaped unless the likes of Howard, Crean and the rest went around and door-knocked individually?
Cheers…
rHi Mini,
“can you speak of some of these issues?”
Well, doing stories on things like killer washing detergent and how to make a million dollars in property in five minutes (but look out for those nasty tenant) type pieces are a start… current affairs? Give me a break…
Also, I know that producers on those shows do try and put words into people’s mouths, which is simply wrong. No further explanation needed.
“but I’m stunned to think that you believe we just swallow it hook line and sinker.”
by “we” in that sentence, I meant the media…
“but notice the timing of those. by the time these journalists find out this stuff it is way after the event – months, years, decades! and it’s kinda too late.” – just last week, a funding black hole came to light at the Royal Children’s Hospital down here in Melbourne that involved kids being turned away from getting treatment for cancer, because of a massive budget blow-out that the State Government was turning away from and refusing to do anything about… the weight of attention the story received and the pressure brought to bear resulted in $6 million emergency funding being released… if it wasn’t for the media, that would not have happened…
“passive acceptance that we are powerless”
my comment that “that’s a shame but it’s the way it is” or whatever it was, doesn’t mean that we are powerless, it means that some people are too busy just getting by in their day to day lives to take an in-depth interest in the whole gamut of issues that arise every day…
“but come to think about it, how does an Australian journalist get anything *other* than the US press release which arrives in time for the 6 o’clock news complete with pretty pictures? So they screen that.” – we have reporters in the States who piece together their reports from dozens of news feeds… one of our guys there, I’m not going to name him, seems to take the George Bush ra-ra line, while another is more objective… it’s a judgement on the journo’s behalf on what line to take… have you noticed the amount of stories being done on the fruitless search for WMD’s, the rising body count in Iraq of US soldiers, the increasing dissent in Washington about how they went to war on the basis of a pack of lies etc etc… it’s not all one-way traffic…
Anyway, I have to write some updates, so it’s back to spin-doctoring I go, with my evil plot for world domination… heheheheheh (evil laugh)
Cheers
rJust an addendum… I’m not sticking up for these shows, but I seem to remember that whenever ACA or TT ran a positive property investing story not so long ago, several around here clamoured to tune in… yet they run a negative one here and there, and suddenly they and the rest of the media cop flak… why is that? That little fact only just occurred to me… as I’ve said, I don’t rate either show very highly at all…
Cheers
rHi again Mini,
I respect your posts and always enjoy reading them, but I cannot agree with you in this case. The government does not control the media. I can assure you that in the Melb newsroom of 9, we do not give a stuff about government agendas. Yes, government press secretaries always try and put their “spin” on things, but I’m stunned to think that you believe we just swallow it hook line and sinker. There are often stories on TV and in the paper critical of governments, be they budget blackholes that they have tried to cover up, or general policy blunders that might have been overlooked had it not been for a journo uncovering them.
By the way, the media is very different here than in the US… I was shocked myself to see the blind patriotism shown when I was there 12 months before Sept 11. Watching CNN and Fox after Sept 11, some of the angles taken in their stories were a disgrace. I’d love to believe that people “think” more when they’re listening to the radio, watching the telly or reading the paper, but it’s a fact that a lot of people just couldn’t be bothered, and will take whatever information they’re fed as being set in stone. That’s not the media’s fault. A lot of people are too busy simply trying to make ends meet and look after their families to be worried with the “bigger issues”… it’s a shame, but that’s the way it is…
I agree that things should be taken in perspective, and it’s a sign of a healthy society that things on telly or in print should be taken with a grain of salt. However, I think, in this case, that your views are a bit paranoid and that sweeping statements generalising the entire media (which is bloody big) are a little bit off the mark… we are not all unethical (some are) or liars (some are) or puppets of higher powers (again, some are). As I said, I just don’t like simplistic, sweeping generalisations of any sector, be they unemployed people, aboriginals, tenants, or, as is the case here, the media. Any area of life, especially the media is not black or white, there are lots of different shades of grey too.
That’s not to say you’re entirely wrong… we just have different opinions on the matter.
Cheers
rps (I’m just adding this after reading your earlier post mini, and as I alluded to before, what happens in the American media is a whole different discussion to what goes on in the Australian media, it’s like comparing apples with oranges… I’m defending the Oz media, or at least, some sections of it… as I said before, I have issues with the crap that ACA and TT cover)
Hi…
As a few of you know, I’m one of the producers for National Nine News here in Melbourne… the real estate horror stories are more for the likes of TT and ACA than us, we just report the fact that interest rates rose, and that some people will be hit by them, because they may have over-committed themselves. That’s a fact. To bolster my argument, here is the precise transcript of one of our stories from last night
[ReadRate:18]
The Reserve Bank’s decision to end a 17-month freeze on interest rates,[TAKE: CHYRON]
|(CHYRON)|has banks looking at following suit, passing the quarter percent increase onto customers.
[TAKE: LOSE CHRYON]
|(LOSE CHRYON)|And sentiment among economists suggests there could be more to come.
[TAKE: UPSOT
NAME: Interest rates tape John Edwards – HSBC
OUTCUE: by late next year
AT: 12’00’51”
TO: 12’01’02”
DURATION:0’11”]
|(UPSOT)|
<I think it will increase interest rates by another three quarters of a percentage point BUTT EDIT in the second half of next year.>But the Prime Minister remains unconvinced.
[TAKE: UPSOT
NAME: JOHN HOWARD
NUMBER: Canberra Feed
AT: 21’14’32”
TO: 21’14’39”
DURATION:0’07”]
[Notes:There is no case in my view for a significant lift in Australian interest rates over the near term.]Mr Howard appealing for perspective.
[TAKE: UPSOT
NAME: JOHN HOWARD
AT: 21’14’12”
TO: 21’14’20”
DURATION:0’08”]
[Notes:Even in the most benign of economic periods, interest rates will be adjusted from time to time.]
|(UPSOT)|[TAKE: CHYRON]
|(CHYRON)|Home owners and investors with a $150,000 mortgage at the standard variable rate, will pay an an extra $24 a month.
[TAKE WIPE]
|(CHANGE CHYRON)|For a $200,000 mortgage, repayments jump $31.
[TAKE WIPE]
|(CHANGE CHYRON)|And for those who’ve borrowed $300,000 …. $48.
[TAKE: LOSE CHYRON]
|(LOSE CHYRON)|[TAKE: UPSOT
NAME: John Edwards #2
OUTCUE: one percentage increase
AT: 12’03’14”
TO: 12’03’19”
DURATION:0’05”]
|(UPSOT)|
<I don’t think house prices are gonna fall in value, in fact I don’t think they’ll fall in value even with a one percentage increase.>And this advice from the Treasurer for those entering the property market.
[TAKE: UPSOT
AT: 7’14’45”
TO: 7’14’52”
DURATION:0’07”]
[Notes:I would say to people pitch for price which builds in a bit of a cushion on your interest rate.]
|(UPSOT)|I agree with Mini that sometimes some sections of the media can be accused of spreading propaganda (Fox News in the USA for example, is shocking), but I can assure you there is no grand plan of supporting certain political points of view that is happening (with us anyway).
True, some reporters can be classed as scum, but not all of us in the media are… and yes, we depend on ratings, it’s our measure of success, just like newspaper circulation, just as sales measure the success of so many other businesses.
“The media” is not some headless beast trying to take over the world, and to think of it as such is a rather narrow view point to have… akin to the narrow view point the media itself is too often accused of having.
Cheers
rI bought 4 in Rocky in June… average yield over 9.75%, letting them wasn’t a prob. Getting bargains in reasonable nick up there now is pretty hard
Cheers
rFields,
Your comment fewer people are renting because most now own a house.
What stats have you seen to back this up?
Cheers
rGeorge,
Be careful about generalising, my mum raised my brother and I after our dad was killed in a plane accident 2 months before I was born, which makes her a single mother… it was a battle for her to bring us up, even with some token government assistance. I now have a good job, my brother’s an airline pilot and my mum is still the most inspirational and gutsy person I know, so when you’re in your dad’s medical centre next time, please don’t look down on people, just acknowledge that everyone has a different set of circumstances. I wouldn’t be so quick to judge unless you knew a person’s own story.
Richmond
Hi Bear,
I know you’re a regular, and I read many of your posts, but I have to disagree that loopholes are there to be used. I hope they close up every loophole in the FHOG legislation as soon as possible, to stop people rorting the system more than is already the case. FHOG should only go to people who are buying their first home. At the end of the day it is you and I who are paying for these people to abuse an initiative that was meant to give people a leg up in getting into the market.
I hope that ANYONE who tries to rip off the FHOG system gets caught and feels the full weight of penalties.
My two cents.
RHi Mini,
I’m detecting a strong anti-media tone in your posts… they’re not all bad!
]r
Hi guys,
I’m just helping out Steve, okay? I don’t get paid for it, I just drop in and out through the day, trying to keep the place worthwhile. I have little to no interest in the spats between Bill and Pinky, except that when they escalate there’s no value in letting it continue.
Cheers
rArty,
Any post where you swear at someone is going to get deleted.
This is now a pointless thread, so I’m locking it, if Steve wants to unlock it I’m sure he will.
r
I’m tipping A-B-A … travelling from work to home and back isn’t deductible, travelling from work to other jobs is… but the final trip home isn’t… I wish it was since I drive 140km a day from home to work and back…
Cheers
r
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