Saturday, January 10, 2004

The dead man had threatened to expose Figliolia's
alleged tax-evasion schemes...

· Tax, Death and Trouble
· Slovakia's Tax Reforms Now Being Put To The Test

Public Enemies Number One
The business of uncovering corruption is not for the faint-hearted. In France, Eva Joly, the country's best known magistrate, lived under 24-hour police protection for six years: six years spent in the knowledge that someone out there was being paid to track her and, given the opportunity, kill her. Joly didn't investigate Colombian drug barons or mafia networks - her work took place in a country which is one of the world's most civilised. She was investigating corruption among French politicians, lawyers and company directors. Corruption is usually a crime of the elite, of those with access to money and power.
· Businessmen, some of whom had already been fingered for corruption, moved their money into the media, knowing that no editor will publish defamatory material about one of the group's major shareholders
· Capone Dead At 48; Dry Era Gang Chief [ via L. Dennis Kozlowski ]

He was a man of high intelligence and innovative concepts whose talents, especially in international affairs, were widely respected by both friend and foe. Yet he was so motivated by hatreds and fears that he abused his powers and resorted to lies and cover-ups.
· Nixon: His Story

Rowland on apologized
Rowland on Wednesday again apologized for accepting gifts at his summer cottage and lying about it, but he insisted he never provided any favors or took any actions in exchange for the gifts:
Tonight, I humbly ask for a renewed opportunity to earn back your trust, to redeem myself in your eyes and to continue to lead this state. As you can imagine, I've had many sleepless nights over the past few weeks.

· Trust

Friday, January 09, 2004

Tax stories are out of season. But taxes continue, and that's a very good reason to pay attention to the ongoing tax software....

KISS of Auditing
Business Application Software Developers Association (BASDA) plans to develop a set of standard software and practical guidance to simplify tax compliance and tax audit requirements worldwide.
· NB: Government announces partners in its search for Common IT Language 15/12/2003
[kindly sent by Phil BASDA ]
What We Will Do in 2004
Just the Kind of Guy Whose Finger You Want on the Button
Freedom, prosperity and peace are not separate principles, or separable policy goals. Each reinforces the other, so serving any one requires an integrated policy that serves all three. The challenges are many, for the world is full of trouble. But it is also full of opportunities, and we are resolved to seize every one of them. If some of us drop a few pounds in the process, that's O.K., too.
· Pounds Powells

Cynicism is so 2003. Let's make the new year the beginning of a better world.
The role of money in politics feeds the disconnect between citizens and representative government.

· New Year's Resolve: Hope requires that one believe in a better future
[ via 2003 Best of The MMIII]
If a country hears the siren song of paranoia, regulation, and carrier control, other nations that don’t listen will grow much faster, deliver much better Internet connections to their businesses for much lower costs, and hence take the future...

Dangerous Ideas
Dispelling some myths about technology: Technology neither asks nor answers political questions. In a democracy, the people do. Technology merely generates and reports information.
· Moore's Lore: Blaming RFID for privacy violations is like blaming the U.S. Postal Service nine-digit zip code for letter bombs [blatantly pinched from Apple A Day: 24x7]

There may be uses for the links created within these artificial social networks... but if you want to get at the real social networks, you’re going to have to figure them out from the paths that actual feet have worn into the actual social carpet....
The market, with enough choice, has always decided policy. What’s new is users as developers are increasingly forming policy. What’s new is falling search costs and switching costs as low as click allow rapid abandonment of bad policy. What’s new is the cost of feedback, expressing demand, group forming and networking is dramatically falling to drive powerful emergent patterns."

· Many-to-Many

Wednesday, January 07, 2004

Boy, was I late on this one: God as a Gambler
Who is this that darkeneth knowledge by words without counsel?
So thundered God in the Hebrew Bible to his servant Job. That upright and blameless man had dared to challenge the Lord's unfairness in stripping him of his wealth and killing his children.

· Bible Belt [blatantly pinched from Poker Pro]
· You Win Some Dirt and You Lose Some toys & Art of Sleeping
Tax Avoidance
Unaware apartment buyers could become the victims in a real estate GST-avoidance scheme worth hundreds of millions of dollars.
Back in the future children read about naughty writers like Churchill. I do not think these disclosures will make people think any less of Churchill. I think if people had to choose between the Inland Revenue and the man who saved Western civilisation they would opt for the latter.
The Inland Revenue seems to have decided, after an initial investigation, that the complaint was without foundation. Inspectors, however, remained convinced that "some curious work was going on in this connection
Officials believed that a family trust had been set up specifically to handle the money so that it could be classed as capital rather than income.
· Loopholes
We can't understand why the ATO doesn't accept the umpire's decision... Psych tests comes but once ... or twice ... or three times a year?
ATO naturally is determined to avoid the missed warning signs that took place during the employment of George Petrolous (sic). Their difficulty is to persuade the rest of the current managers who belong to union to accept the precautionary measures the politicians consider necessary.
· Thin end of the wedge

Tuesday, January 06, 2004

All Movements Begin Underground
Stirling Newberry explains why we feel so blessed in this blogosphere. He knows the variety of voices and the dynamism of the space. He is himself part of the rebirth of remarkably clean, free and forceful politics online. And he knows how apt is the spherical image of this new linked, democratic, planetary zone we're in.
The model of business, politics and culture is shifting from the pyramid to the sphere. "Circles" is a sort of key to the Internet transformation. The eye is the first circle. Emerson wrote in 1841. The horizon which it forms is the second; and throughout nature this primary picture is repeated without end. It is the highest emblem in the cipher of the world.
Stirling Newberry had Emerson's next line by heart, it turned out: St. Augustine described the nature of God as a circle whose centre was everywhere and its circumference nowhere:
That's the image you should have of what's happening on the Internet. Anyone on any given day can be the center if he has the best observation that resonates. There is no boundary of the circle... You get to sing a song and listen to the echo. You get to hear... how other people have taken what you've done and turned it into their center.

· Pyramid and Sphere [ via Stirling Newberry ]
Blog For One and All, But Especially for the Poweless Among Us
We're living in Internet time, kids, and we're not going back. We got here, in Morris's quick summary, by push and pull. The push is the shriveling audience for network news. Lyndon Johnson used his famous three-set console to keep an eye on ABC, CBS and NBC and see what 70 percent of the country was watching with him. The nightly news exposure gets 18 percent of the electorate these days. And though some pols will triple their TV buys to make up the difference, "it's the last gasp of a dying system." The pull, Morris says, is the fact that one quarter of the country is on a computer during prime time; 70 percent of Americans have regular Internet access. It's an entirely new age in politics.
-- I admit, I only occassionally checked in on Howard Dean's blog this year, but this thing simply changed politics, the media, and America in general like nothing since Drudge. When Dean wins in November, Joe Trippi will take a post in the administration that completely alters the way communities and governments function. Finally, a future to look forward to. · Blog For America
Rex's Best Blogs
Fimoculous (a.k.a., Rex Sorgatz) has comeout with its annual 30+ Best Blogs. Sorgatz identifies some of the usual suspects, as well as some you probably hadn't heard about but should know.
· Listing, which is always worth a look [ via E-Media Tidbits: Remember the Poweless and Give Bullies a Fearless Serve]
A number of good examples of the Best of 2003
Time to start planning now for the Best of 2004
· BBC profiles leading women who made international headlines
· Rediff.com in India has an online gallery of notable pictures
· San Francisco Chronicle profiles prominent locals who passed away
· Ravalli Republic features the best local news stories
· UK's Telegraph newspaper site has a review section on the best photography exhibits
· Best discoveries of the year by its travel writers
· The San Francisco Chronicle's site also has a review of the best books
· Times Picayune highlights the best local books of Louisiana writers
· Seattle Times reviews the year in rock music [ via E-Media Tidbits ]

Revenge: Brazil begins treating Americans as terrorists
Because US treat Brazillians that way.
Tit for tat retaliation is what destroys global trade and relationships. And the current executive, if it were a pin up girl, would have really big tits.

· Fancy tat
Hundreds of political jobs for relatives under Socialist Australia
Just how incestuous is politics? Crikey found 125 examples of political nepotism in early 2002 but we're now above 160 thanks to our vigilant subscribers.
· All entries to boss@crikey.com.au. [via Crikey ]
· Changing research practices in the digital age

Monday, January 05, 2004

To protect your rivers, protect your mountains.
-Emperor Yu of China, 1600 BCE

Children and Refugees have and always will be the Mountains of Our Fragile World
Viliami Tanginoa died three years ago at the Maribyrnong detention centre. Now that the coroner has reported, Peter Mares looks at why...
· A death in the rain [ courtesy of Institute for Social Research, Swinburne University of Technology]
[ via Human rights 2003 ]
Law Enforcers Under Stress
· Soooo True: Jan Komensky is turning in his grave

Sunday, January 04, 2004

Afternoon on the Amazon: Take Two; In Association with Amazon.com base price: $5.95
Shock! Horror!... How ANY Book Can Become An Amazon Bestseller.
Daredevil Blogger Drudge published a 2003 Bestselling List without approval from the Lords inside Bookscan. Unauthorisation nonfiction sale data and the nonfiction chart from BookScan, reproduced below, mixes together hardcovers and paperbacks. (The asterisks, which were added by us and are not part of the official literary chart, denote paperback editions.)
1 The South Beach Diet 2,305,000
2 The Purpose Driven Life: What on Earth Am I Here For? 1,508,000
*3 Dr. Atkins' New Diet Revolution: Completely Updated! 1,301,000
*4 Seabiscuit: An American Legend 1,140,000
5 Living History 1,085,000
6 Atkins for Life 1,055,000
7 Cold River 000,000 ($5 smile)
Unlike Amerika and Australia, in the Brittain sales figures are treated less like state secrets; they even print them in the newspaper. The Guardian presented, and analyzed, sales of the top 100 paperbacks for 2003.
Hardback
50 Paperback
How to raise taxes and keep friends
Voters do not mind taxes that have a specific purpose
Just before he took over the reins, Mark Latham helped Labor scramble atop a tax policy barbed-wire fence. His call for tax cuts to high-income earners prompted some of his colleagues to shout that he’d got it wrong, because a healthy and progressive tax take was needed to fund more services.
· Institute for Social Research, Swinburne University of Technology
· Understanding Anderson [ courtesy of SMH ]

Among a people generally corrupt, liberty cannot long exist.
-- Edmund Burke - (British statesman - 1756)

Saucy Goodness, after 2003, with its Swiss trading scandals, jailing of prominent portly stockbrokers and bankrupting of name-dropping private investigators, one could hardly imagine an improvement in the quality of scandal...
Naked City of the Sun Herald informs Sydneysiders that a major investigation is underway into alleged meeting between a senior ATO official and Chris (Rambo) Seage, a former ATO audit manager and now considered persona non grata by the ATO. Seage has ruffled feathers since he appeared on Four Corners in July, alleging corruption among audit staff and police. His latest crusade against his employer involves a letter sent to Assistant Treasurer Senator Coonan requesting an investigation into allegations of senior ATO staff enetraining some of Australia's biggest corporates.
(Cryptic Expo of 1988)

Saturday, January 03, 2004

Books are back, and their pages are filled with politics, biography, and history
Like a battleship, book publishing doesn't turn on a dime, so the old year's trends don't usually determine a new year's books. However, conversations with literary agents, who are always trying to sniff out what publishers want, turn up a few trends in publishing that may affect our reading in 2004 and beyond.
· The readers are back [ courtesy of http://www.boston.com/ae/books 1/1/04]
· TOP TROIKA: AMAZON, BLOGGER & GOOGLE
[ via Graceful Amazon: Thanks Jeff Bezos ]

Friday, January 02, 2004

Political Junkies Freewheeling 'Bloggers' Are Rewriting Rules Of Journalism
They used to be known as the boys on the bus: the big-name columnists, network TV producers and reporters for large-circulation newspapers who had the power to make or break a presidential candidate's reputation. Now they've got competition.
In the 2004 election, the boys (and girls) on the bus have been joined by a new class of political arbiters: the geeks on their laptops. They call themselves bloggers. Their mission: to remake political journalism and, quite possibly, democracy itself. The plan: to make an end run around big media by becoming publishers on the Internet.

· US Today overview of political blogs [ via US Today]
· Making yet another impressive, but vain attempt to shame the shameless [ courtesy of NRO'S Crystal Ball: great predictions for 2004 ]
· Paradox: Political parties more orthodox; religions more fluid [blatantly pinched from Electronic Voting Firm Hacked: 2004 Election ]

Thursday, January 01, 2004

Marketing Plot: Cold River is about hot exposure on Google
I want to wish you all a happy New Year. I also want to thank you for being a valued visitor and friend. At Media Dragon, 2003 was a breakout year. We are now sponsored by environmentally friendly makers and marketers of savvy scooters. We have vaulted to number 5 & 10 on Google for the highly treasured keywords "cold river" We are also being recognized even more in the industry by large players like the Sydney Morning Herald.
I know you will enjoy links and investigative reporting scoops in 2004. Be sure to read Jozef eBook Cold River and his forthcoming profile of the Sydney.

Have a terrific 2004
Jozef Imrich
Co-Presidente

THE FIGHT FOR GOOD
The success of the Tolkien books and now films are rooted in the clear, compelling moral logic of his stories: good against evil...
· Rejecting Dilday's critique of the cult movies [ via Open Democracy]
· Library beefs up its eBook collection... [blatantly pinched from Ideas that will matter in 2004...]
PS: Consider a position with the Open Democracy as they are opening savvy global workshops in 2004.
The Year That Was
The Net now makes it possible to take the pulse of readers by tracking what types of stories they search for and e-mail to friends. Many sites have taken advantage of this interactivity in creating year-end features. Rather than just pick and tell readers what the "Top Stories ofthe Year" are, journalists can now easily ask readers their opinion.
Here is MSNBC.com's survey and CNN.com's survey.
Most E-Mailed Articles of 2003
The brave New South Wales newspaper the Sydney Morning Herald is taking a leaf out of the city of New York. I expect other sites to imitate it in the future. At least, I hope they do. The New York Times has mined its 2003 e-mail data to create a smart series of slideshows showing the Most E-Mailed Articles of 2003. Iraq
and Jayson Blair were among the popular stories, not surprising, but so were from tales of sushi memos and yarns about talking fish.
And the Times was kind enough to waive the usual charge for archived articles and let users read these treats for free.
The slideshows include: Most E-Mailed News Articles ; Most E-Mailed Opinion Articles ; Most E-Mailed Magazine Articles ; Other Fare From the Top 100.

Top searches of 2003
Yahoo and Lycos have posted excellent summaries of the
top searches of 2003. In addition to overall searches, they've broken downthe searches by category --everything from the Top Jennifer Searches tothe Top Iraq-related searches.
Top Yahoo searches of 2003
Yahoo's top news searches were:
Cloning, Hurricane Isabel, Saddam Hussein, Laci Peterson, Affirmative Action, Elizabeth Smart, Jessica Lynch, Iraq War, Arnold Schwarzenegger,
Rush Limbaugh, Cold River (smile)
Lycos' Web's Most Wanted 2003
Iraq War, Kobe Bryant, Space Shuttle Columbia,
Federal Do-Not-Call List, SARS, Michael Jackson arrest, MS Blaster/Lovsan Computer Virus, First Human Clone, Super Bowl XXXVII, Laci Peterson, Media Dragon (grin)
Amazing how different the lists are, eh? I never would have guessed.
Google usually does its own wrap-up of the year-in-search, but it hasn't posted its 2003 round-up yet (as at 1/1 2004). Here's last year's
2002 for comparision.
Google and Czech this page in the coming days for the 2003 summary: http://www.google.com/press/zeitgeist.html
Have a happy New Year's!

Wednesday, December 31, 2003

Trends 2004 Cold Japanese River
Japan is now considered the " Empire of Cool ." I have to admit, I do have a weakness for Japanese toys, food, and artwork.
Japan is reinventing itself -- this time as the coolest nation on Earth. Analysts are marveling at the breadth of a recent explosion in cultural exports, and many argue that the international embrace of Japan.

· If it's Japanese, the world wants it: Japan is hot [blatantly pinched from Looking at what's on eBay to determine the health of the economy ]
· Generation E.A.: Ethnically Ambiguous [ via Swing Voter]
Everybody who lives in New York (Sydney), (Praha) believes he’s here for some purpose, whether he does anything about it or not.
Arlene Croce, Afterimages

About Last Night has lived in New York for the better part of two decades now, and you'd think he'd have gotten used to it.
In a way, I suppose I have, but even now all it takes is a whiff of the unexpected and I catch myself boggling at that which the native New Yorker really does take for granted. As for my visits to Smalltown, U.S.A., they invariably leave me feeling like yesterday's immigrant, marveling at things no small-town boy can ever really dismiss as commonplace, no matter how long he lives in the capital of the world...
· Poland is the most pro-Amerikan country in the world — including the United States [ courtesy of The most desirable places to live in Amerika ]

Tuesday, December 30, 2003

Polution free cities Alternative Transport
Green ideas for 2004...
· Online Gas Scooters [ via Cheap Electric Scooters ]

Santaless Cities
If we were physical we would have killed each other. In 1986, she quit and didn't speak to her father for nearly a year.
· Then they resumed talking, at high volume... [ courtesy of Murthy ]
· Familiar Families [blatantly pinched from Amerikan v Prahe]

Monday, December 29, 2003

The Journalism of Complacency
I know this sounds both personally naïve and institutionally self-serving - after all, I've been a journalist for 40 years, 35 of them with The Times - and I'm aware of not just the blatant betrayals of the public interest by the likes of Blair and Glass but the more systemic, more damaging betrayals represented by what I've come to think of as the four horsemen of the journalistic apocalypse: superficiality, sensationalism, preoccupation with celebrity, and obsession with the bottom line.
· Journalists who are among the comfortable and therefore not among those who wish the afflict the comfortable [ courtesy of TimPorter ]
· Paul Krugman posits a few rules for political journalists in 2004 history will not forgive us if we allow laziness to rule [ courtesy of An Australian journalist gets a taste of Department of Homeland Security hospitality ]
Delinquent Taxes Unpenalized
Michael Mansur of the Kansas City Star confirms a longstanding tradition in Jackson County, Missouri: giving delinquent taxpayers a break instead of penalties and interest. "It is unclear exactly how much tax money the county is forgiving, because it has failed to keep track of the waivers. The Star's review of about 100 of the roughly 31,000 delinquent properties in Jackson County found that nearly one-third were granted waivers totaling more than $180,000 since 1999." State officials questioned whether waiving such fees was legal, and the county is now reviewing its practices.
· One-third were granted waivers [ via Scoop]

Sunday, December 28, 2003

A certain amount of brick-throwing might even be a good thing. There comes a moment in the career of most artists, if they are any good, when attacks on their work take a form almost more acceptable than praise.
Anthony Powell, Casanova’s Chinese Restaurant

Golden Age
The Internet is still a free country, and I’d like to think this level of interest and activity will last forever, but this may be remembered as the Golden Age.
The dynamic and democratic nature of the Internet (at least at present) ensures that arts debates will no longer be confined to the pages of newspapers and periodicals but will be open to anyone with smarts and a knack for expressing him or herself. Every day I happen across new sites written by people who are at least as passionate about books as I am and can express their passions in an intelligent, charismatic way. Three or four years ago it would not have been possible for me to read their opinions, or for them to read mine. While online debates can be splintered and diffuse and sometimes clubby, I'm heartened by the sheer number of them. Who knew so many people cared about books?

· 2003: a real literary culture online developed [ via Saloon: Fortunately there is room for disagreement]
· 10 Technologies to watch in 2004
Sydneysiders stand in front of the estate agents, staring at the photographs, their jaws dropping... Looking back at a year of economic & political carping.

03's company: what a crowd
The scent first went to the Dobermans. A sniff, a whiff in the sultry days as 2003 began, and they quickly divined that the year would be a stinker. Some seasons were like that. And it would probably also stay hot, they figured.
Now at the end of the year, they had been proven right. In the office at Tried and True Trustees, Sisyphus worked the abacus and shook his head and the dogs became very still, though their nostrils flared and their exhalations whistled faintly in nervous staccato.

· AMP. What a dog [blatantly pinched from Finally, there was zzzzzzzzmh. ]
· You've been a good mate tradition is alive and well in NSW [ via SMH Terrigals and Trogs dine out on Carr's fate ]
· Bones to pick [ courtesy of Praguepost]

Friday, December 26, 2003

Have Yourself a Merry Little Boxing Day
How dare we question our leaders who have blisters and blood from making us and our families safer, richer and happier? Biting the very hand that feeds Us? We are an unpatriotic, flag-hating conspiracy freak if we doubt the regime our honest politicians are sooooo proud of creating! It's stuff in journals like the Wahington Post that makes me sit up. Usually, when political journalists in the trenches say something this momentous, it means something. It speaks of a lack of faith in leadership; a disafection in the fourth estate. Readers sit up, listen and ponder.

Under Bush, Expanding Secrecy
Last Monday, the Supreme Court announced it would consider an effort by Vice President Cheney to keep private the records of the energy policy task force he ran. On Friday, the White House announced that it has known for two weeks about an attack on a convoy carrying Iraq administrator L. Paul Bremer -- but had decided not to divulge the information. Later that day, President Bush announced a disarmament deal with Libya reached during nine months of secret negotiations.
· It is a banner for government secrecy: I Rule, Therefore I'm Golden [ courtesy of Washington Post ]
· Chomsky has written about the selective memory and the morality of convenience [ via Independent ]
· Lord Black: Friendship and Business Blur in the World of a Media Baron [ via Thoughtlines: On the dust jacket: blurbs by an impressive set of conservative thinkers...]
God is not a right-wing boxing zealot
God has given us two eyes, two ears and two arms and two hands, but only one heart. And it's in the center and a little bit to the left.
In the heart of the Bluegrass, a Bible Belt preacher is rallying people to political action around what he calls "basic religious values." Think you can describe his politics? Think again. This man of the cloth wants "regime change" in Washington.

· Washminsters [ via Salon]

It's greed, not ideology, that rules the White House
Why the US wants Iraq's debts cancelled - and Argentina's paid in full
· NO Ideas [ via Guardian(UK)]
Vintage year for the wages of sin and the wagers of lawyers
The 2003 legal year commenced badly and didn't get much better. The tax lives of barristers continued to feature unhappily throughout the entire season. Clarrie Stevens, "QC", who missed putting in 16 years of tax returns, finally agreed he was not a fit and proper person to stay on the roll of practitioners.
· Does that complete the cross-examination? [ courtesy of SMH]

Thursday, December 25, 2003

As Krusty, the Klown, would say: ‘Have a Kooky Christmas, a Happy Hanukkha, a Crazy Kwanza, and a...very respectful Ramadan.

The 411 on Faith
Now that we're in the season of Ramadan, Hanukkah, Christmas, and Kwanzaa, check out Beliefnet.com for the 411 on every religion.
Season's greetings to Media Dragon readers -- and a big thank you. We rely on you for tips and feedback and look forward to hearing from you in the new year.
SUBMIT YOUR TIPS FOR THE VIRTUAL 6 DEGREE OF SEPERATION: What websites and stories do you find most ironical, trendy, savvy? Which dragon tails about political and managerial bullies have been missed by the journalistic profession? Send a link and I'll publish a selection.

· Greetings [ via Ideas ]

Tuesday, December 23, 2003

Truth and consequences
Michael Kinsley, who has his moments (but oh, those quarter-hours!), recently put his finger on something that’s always irritated me. We all know that politicians never tell the truth, but I don’t mind flat-out lies—that goes with the territory. What drives me wild is their inability to say anything without spinning it. The day any politician of either party makes so blunt a remark within earshot of microphones—and declines to retract, moderate, or invert it before the day is out—you’ll know the barometer of cultural health in America is moving in the right direction. But don't hang by your thumbs waiting for it.
· About Politics [ courtesy of About Last Night]

Monday, December 22, 2003

The Loophole Artist
Few Americans have heard of Jonathan Blattmachr, a partner at Milbank, Tweed, Hadley & McCloy. But among the 16,000 or so lawyers in America who specialize in trusts and estates, which is to say in the passing of wealth from one generation to the next, he enjoys the status of a Hollywood star. In these circles, his first name alone prompts recognition.
Men (and a few women) of great wealth confide in Blattmachr. The Rockefellers are among those who seek his counsel. Because his specialty is maintaining wealth across time, he needs to know more than just the size and shape of his clients' fortunes. His work requires knowing whether a marriage is an enduring bond of love or a commercial relationship, or whether heirs can be trusted with fortunes or only allowed a stream of income. He knows of prodigal sons and promising granddaughters, of executives at family-owned businesses who will not learn for years that the brass ring was never going to be theirs. Sometimes men of great wealth whisper secrets they would never share with their wives. He knows how much a mistress costs or whether, if health fails, a spouse can be trusted with the power to pull the plug. His clients reveal these things to Blattmachr because he can help them maintain their wealth now and for their children. He can chart clandestine routes through the maze of the tax code, making a man who appears as a Midas to his bankers look like a pauper to the tax man.

· Helping the superrich keep their richer [ courtesy of How to Save the world]

· Taxing Letter 2003 AD style
Is This Legal?
I Spy impulse, families and employers are adopting surveillance technology once used mostly to track soldiers and prisoners. New electronic services with names like uLocate and Wherify Wireless make a very personal piece of information for cellphone users. physical location, harder to mask.
· Are CEOs & SES becoming SS of 2004? [ courtesy of Auction Wagon: ebay trends...]

Dumpster can be a gold mine
It was the first time I had ever been to the dump,'' Massey recalled, wrinkling his nose. ''I said, 'I'm not going to get dirty,' so I wandered over to a shed where the recycling was stored. I notice there's a big barrel for recycled paper that's full of discarded tax forms from an accounting firm.'' Each form had the person's name, date of birth, Social Security number -- all the information necessary for taking out a line of credit.
· Aspiring identity thief [ via Google]

Sunday, December 21, 2003

Tyrrany of Land Speculations
The Prime Minister has urged the Carr Government to release more land for homes as he moves to shift the political onus on to the states to solve the housing crisis.
John Howard told The Sun-Herald it was "predictable" that the states reacted coolly to a recommendation by the Productivity Commission that stamp duty be scrapped and replaced with other taxes such as land and payroll.
They don't want to give up money, despite the fact that they will be wallowing in money from the GST.

· GST [ via SMH ]
Leaders
Servants? There were anomalies. To anyone outside Germany, Hitler looked ludicrous. How could you take him seriously, given that he was born within minutes of Charlie Chaplin and looked uncomfortably like his tramp – a point not lost on Chaplin, whose masterpiece, The Great Dictator, exploited this historic happenstance. As for Mussolini, he shared Hitler’s problem, looking like a bad joke to anyone outside Italy. Yet Adolf and Benito became the embodiment of national desires.
· Misleaders [ via Phil Adams]
· Pension off politicians' superannuated hypocrisy [ courtesy of Australian ]

Saturday, December 20, 2003

The end of the American & Australian dreams
Where is this taking us? Thomas Piketty, whose work with Saez has transformed our understanding of income distribution, warns that current policies will eventually create "a class of rentiers in the U.S., whereby a small group of wealthy but untalented children controls vast segments of the US economy and penniless, talented children simply can't compete." If he's right--and I fear that he is--we will end up suffering not only from injustice, but from a vast waste of human potential.
· Goodbye, Horatio Alger. And goodbye, American Dream.
[ via Roadtosurfdom]
· Aussie $700bn credit binge [ courtesy of Gittins]
· Negative Gear [ via Road to Nowhere]

Lives? No One Cares; Revenue? Show Me The Money!
The introduction of speed cameras, dual carriageways and random breath testing has done little to cut the number of deaths on NSW roads.
· StaySafe? [ courtesy of SMH ]
The Kindest Cut

Virginia's strip clubs don't have to pay taxes on the drinks that patrons buy for dancers or on the private dances that they provide
· Dancing [HeraldMail ]

Wednesday, December 17, 2003

Community development finance institutions: evidence from overseas and Australia
Australia has failed to follow most other developed countries and develop a set of specialised financial institutions that are needed for the successful regeneration of disadvantaged communities. Community Development Financial Institutions constitute one such new institution. This paper describes the emergence of CDFIs, the various forms they have taken and the kinds of government support they have received in various countries. It suggests initiatives that can carry forward the task of institutional development in Australia.
· regeneration of disadvantaged [Australian Centre for Co-operative Research and Development, University of Technology Sydney (PDF file) courtesy of APO ]
· Simply the best: workplaces in Australia (PDF file) [ via APO ]

Tuesday, December 16, 2003

Writers Pay Ahead of Time
There's a habit they have, not of paying back, but of paying forward; I know of no other branch of literature where the established "names" so keenly encourage wannabe writers to become their competitors. I came back from that event determined to be a writer. After all, I'd shaken hands with Arthur C Clarke, so now it was just a matter of hard work...
· More than half the skill of writing lies in tricking the book out of your own head [ via Bookslut ]

Our sea still girt by the rich
If you need proof that the rich are getting richer, just look at the residents of Darling Point-Point Piper. Not only are they the wealthiest in Australia - again - but their incomes have jumped another $20,000 in a year.
· Be Wise & Rich: Gear Negatively Get Others to Pay Backward; Be Fool & Pay Rent [ courtesy of SMH ]

Sunday, December 14, 2003

The Saudi Connection
David E. Kaplan of U.S. News & World Report spent five months tracing the relationship between Saudi Arabian money and terrorism, finding that over the past 25 years, the desert kingdom has been the single greatest force in spreading Islamic fundamentalism, while its huge, unregulated charities funneled hundreds of millions of dollars to jihad groups and al Qaeda cells around the world. Saudi charities played an important role in a $70 billion campaign to spread the message of the ruling Wahhabi sect. Saudi largess encouraged U.S. officials to look the other way, some veteran intelligence officers say. Billions of dollars in contracts, grants, and salaries have gone to a broad range of former U.S. officials who had dealt with the Saudis:
· ambassadors, CIA station chiefs, even cabinet secretaries [ via Scoop ]
Howard flags family tax cuts
John Howard has virtually guaranteed tax cuts at the next election and nominated young parents who both work as those most in need of relief.
· Better LaterThan Never ...Hej! [ courtesy of Jungle Law]
· The property bubble had been pricked ...Rubbish! [ courtesy of Schemes ]

Saturday, December 13, 2003

Cold River: Hot Mega-Sale!
Cold River has come a long way since 1980, and this week it celebrates its spring with 35% off (club members 44.89% off) its Multiformat eBook. Hurry, this sale only lasts through Sunday, December 14.

Is this the Cheapest 400 page tome in the brave new world of publishing?
One dragon eats quiet slice of humble pie and claims dubious literary history. Lock up your reading loving wives!
· Cold Reality backfires on Dragons: All you need is discount! [ courtesy of Taxing Jackpots]

Friday, December 12, 2003

You never would have guessed that I would give my life for saint/sinner Soros! Indeed, Soros will always be my hero; even beyond my grave. (smile) Please note this one teeny, tiny step closer to a less corrupt world. Since the Open Society Institute’s U.S. Programs began in 1996, one of the foundation’s central efforts has been to improve the functioning of U.S. democracy and, in particular, to promote an understanding of the influence of money on U.S. politics and to explore solutions that reduce this influence. OSI’s long-term goals have been to reduce the corrupting influence of very large donors to political parties and candidates, to increase public trust and participation, and to open the system so that candidates without access to financial resources can be heard by voters.

Finance Law
The consensus seems to be that political corruption is so rampant and detrimental to the American political body that any measure to slay this monster is welcome. The NY Times ran an editorial titled “ A campaign finance triumph ” and blithely noted:
The Supreme Court delivered a stunning victory for political reform yesterday, upholding the McCain-Feingold campaign finance law virtually in its entirety. The court rejected claims that the law violates the First Amendment, making it clear that Congress has broad authority in acting against the corrupting power of money in politics. The ruling is cause for celebration, but it should also spur Congress to do more to clean up our political system.
· Campaign [ via NYTimes ]
· Cleaning UP [ courtesy of Soros ]
Corporate citizenship and the role of government
Good corporate citizenship integrates social, ethical, environmental, economic and philanthropic values in the core decision-making processes of a business.
· Public policy case [Information and Research Services, Department of the Parliamentary Library]

Patricia Andreu and Scott Zamost of NBC6 in South Florida have an undercover investigation of personal injury protection insurance fraud, in which criminals stage accidents and then refer "injured" victims for medical treatment to be billed to insurers.
· Stage [NBC6Scoop ]

Thursday, December 11, 2003

Redefining NGOs: the emerging debate
In July 2003, the federal government released an exposure draft of legislation (Charities Bill 2003) which seeks to redefine what constitutes a charitable organisation. It also asked the Board of Taxation to conduct a public enquiry to determine the criteria for organisations to be given charitable status. The report of the enquiry is now expected to be submitted to the Treasurer by 19 December 2003.
· Definitions [Information and Research Services, Department of the Parliamentary Library(PDF file)]
Practical magic - Your initiatives
Send Sydney Morning Herald a brief outline of your organisation's innovative health-care initiatives and we'll publish a selection of them on this website
· A Herald series [ courtesy of smhonline@access.fairfax.com.au]

Wednesday, December 10, 2003

Miserable Failures & Successes

It is possible to commit no mistakes -- and still lose. That is not a weakness. That is life...
There can be no triumph without loss
No victory without suffering
No freedom without sacrifice

Cold Advise

BOOKSELLER of KABUL
Meanwhile my short story @ ABCTales received over centenary readers...
Furthermore my long monograph has a dubious honour of being presented on the same page as:
Un Unfinished Life, John F. Kennedy, 1917-1963; Benjamin Franklin; I Am a Soldier, Too; Bill Clinton: An American Journey; (sic) The Jessica Lynch Story; and being stuck between Living History, Hillary Rodham Clinton and miserable failures of Bin Laden & Georges Clemenceau statures...
· Reading Palms Digitally [ courtesy of Google ]

Tuesday, December 09, 2003

Amber finds hope on a farm
Formerly angry, abused, homeless and addicted, Amber is now one of the thousands of success stories springing from a community-based revolution that is putting health care back into the hands of patients.
· PRACTICAL MAGIC: A Herald Series [SMH ]
Sometimes I feel as if I am pounding out the same message over and over to the point of harping: Newspapers have a destructive, risk-adverse culture that stifles change and initiative. Fix the culture and the rest will follow.
· It's the Culture, Stupid: The Mood of a Newsroom [ via Tim Porter]

Rum Corps to white-shoe brigade
The way that land is at the heart of Australian dream: the source of wealth and security, spirituality and belonging is explored in the second Griffith Review: Dreams of Land. As interest rates rise it might be time to rethink the national hobby of property speculation, but Jim Forbes and Peter Spearritt remain sceptical as they trace the history of speculation.
· We are unlikely to break our addiction to bricks and mortar [The Griffith Review via APO ]
· Low Rentals [Brisinst.org.au]

Monday, December 08, 2003

21st century tax monster
AUSTRALIA'S tax system is so complex that if the legislation continues growing at its current pace, it will amount to 830 billion pages by the end of the century.
Businesses, accountants and lawyers are wasting time and expertise on tax compliance that could otherwise be directed to building competitive Australian businesses.

· Context for Scoping Review [ courtesy of Inspector-General of Taxation ]

Office of the Inspector-General of Taxation
Level 27, 363 George Street
Sydney, NSW 2000
GPO Box 551
Sydney, NSW 2001
Mr David Voss, (02) 8295 2200
Ph: (02) 8295 2200
Fax: (02) 8295 2211

E-mail: enquiries@igt.gov.au
http://www.igt.gov.au/
· Australia's inaugural Inspector-General of Tax
Bonuses
Alex Wayne of the Greensboro News & Record analyzed Guilford County payroll records to find that some of the largest bonuses in 2002 and 2003 "went to the government's best-paid and highest-ranking employees." The report is based on data released by the county after the paper sued for the information in October. "The records the county released provide a 17-month snapshot of the bonus and merit-raise system, dating to July 2002. The snapshot is incomplete, however, because the county only released records about merit raises, and not about two other common types of salary increases that county employees can attain."
· best-paid and highest-ranking employees [Record via Scoop ]
· Who Tried To Bribe Rep. Smith? [ courtesy of Novak ]

Saturday, December 06, 2003

Yes, the boss is insane: Analysis of the Ego

Like Freud, Bion maintained that individual and group psychology were just different ways of looking at the same thing. Like an organism, the group has its own mentality or mind. Understanding groups sheds light on the forces that drive individuals.
For Bion, the collective simply bristles with tensions between the needs of the individual and the group's mentality and culture. And, like the Cheshire Cat, group mentality or culture emerges only occasionally in a clear way.
In Australia, the list of recent corporate disasters includes HIH, Ansett and One.Tel. In each organisation, cracks in the system appeared well in advance. But regulators, managers and directors pushed on regardless and, in some cases, even papered over the cracks, denying the truth and suppressing dissent.
Few leaders have the ego strength to welcome thoughtful dissent and reward it. Instead, they call in the consultants, management is overhauled and new formulas for success are grafted on to the machinery. The pathology not only remains unchecked, it is denied. The equivalent of the organisation's ego - there to mediate between the group and the real world - and its conscience in the superego break down.

· In the long run, failing to address these issues can be far more painful than ignoring them [The New Age]

Henry Kaye

Henry Kaye promised to repay his debts this week, and none are greater than those he owes the Howard-Costello Government.
The only thing more remarkable than Kaye's hot-air propelled rise was the lengths the Government went to to clear his way.
Peter Costello opened the door for Kaye four years ago by halving the capital gains tax rate for individuals, thereby raising the incentive to invest by 50 per cent. He maintained Australia's munificent negative gearing and depreciation laws for good measure.
John Howard iced the cake by donating between $7000 and $14,000 to anyone who claimed they were a first home buyer.
But not even Kaye was prepared for the gift Costello handed him in 2001, when the Government pushed through its long-awaited Financial Services Reform Act.

· Property Busts: Hard Landing (Ansett) tax on horizon [SMH]
· St Kaye [Australian]

Friday, December 05, 2003

Citizen’s Journalism
Good journalism doesn’t need to be complicated, sophisticated or expensive.
The Brownsville Herald, a 15,800-circulation daily in deep Texas, sent out a few reporters to ask local police and city commissions for various public records such as police logs or expense reports. The result: Runaround, hostility and ignorance by public officials and, in one case, a police car that tailed report Juan Ozuna for more than 20 minutes after he left city hall in Santa Rosa, Texas...
Where do you live? What do you want with this information? What’s your address?
I love this type of journalism. It resonates with truth. It conveys with direct honesty the frustrations of everyday experiences citizens undergo when dealing with government and bureaucracies – and by doing so connects with the public.

· Truth Frustrated [Tim Porter]
I am a straight blogger. I believe I treat everyone fairly and I take Havel up on his slogan to be tough but fair to all sides.

CRIKEY HELPS MR LATHAM
If Latham wants to play with negative gearing, he can target it to affordable housing. It is clearly going to be politically unpalatable - and economically dangerous - to remove it, but why not only provide the benefit to where it is actually needed?
Negative gearing could be targeted towards properties rented at a certain level. If he wanted to be really clever, Latham could devise a policy that linked negative gearing with housing for the people who receive some level of Commonwealth Rent Assistance.
If Latham is the policy genius he tells us he is, he should be able to
* stop ordinary Joes funding real estate speculators
* free up some money to put towards decent tax breaks that can benefit marginal taxpayers while ensuring a supply of affordable housing for those who need it
* keep inflation in check, as rents for this sector would remain relatively static, and if a significant cost such as housing is under control, you are a long way to keeping inflation low
* push more environmentally responsible building by decreasing demand for resource-intensive trophy housing and boosting the market for modest accommodation (particularly when it is designed to reduce the utility bills of the intended occupants.
housing)
* slow the housing market to more sustainable levels, without a dramatic bust.

· Boom/Bust I [crikey.com ]
· Boom/Bust II [OLO.com ]

Wednesday, December 03, 2003

Low doc a tax time bomb

Low doc loans and Henry Kaye could well go down as the twin emblems of the 2002-03 Australian property boom, but low doc loans, at least, are misunderstood.
· Missing trends [SMH]
There are some things too dreadful to be revealed, and it is even more dreadful how, in spite of our better instincts, we long to know about them.

Oh, all right, one more taxing thing
Just over a week ago, Mike Richards, chief of staff of deposed Labor leader Simon Crean, broke a habit of a lifetime to phone a senior executive at publisher John Fairfax.
The previous day, November 23, Fairfax's Sydney Sun-Herald newspaper had featured on its front page a story speculating on the demise of Crean.
Written by veteran reporter Alex Mitchell, the article stated bluntly: "Key union defections have threatened to end Simon Crean's embattled federal leadership of the Australian Labor Party."
It was sensational stuff, but there was no attribution and it did not mention the name of any union or individual. Richards, a former principal adviser to ex-Victorian Premier John Cain, was livid, telling Fairfax executive Mark Scott it was "irresponsible journalism".

· LATHAM AUSTRALIA PTY LTD [Australian ]

Monday, November 24, 2003

Choice and the bench

Justice Michael Kirby is wrong on one crucial point. He is right to avoid the odious literalism of Sir Garfield Barwick. He is, however, wrong to specify that the interpretive posture should involve the people's wishes, the common good, or, especially, some godlike, elitist view of the infinite wisdom of the judiciary.
The only proper interpretive line involves trying to decipher the rubbish that at times emanates from parliament. Has the judiciary ever referred a point of law back to the drafters of that law? Has it ever seen bad law and asked for a clarification before it becomes a problem?
Peter Lander, Neutral Bay, November 23 (SMH)

I fought the law ...
Ironically, my role covering these stories presented my greatest challenge as a journalist. Some of those, especially those associated with the ALP, broke off contact with me, apparently believing that I had betrayed them and their causes. I found this more personally upsetting than not being admitted to practise law. It also confirmed my view that most lawyers, journalists and other professionals tend to hide abuse in their own ranks.
· Greatest Lovers in the World [SMH]

Sunday, November 23, 2003

Using rewards to catch white collar criminals

In this report Bruce Chapman (Centre for Economic Policy Research, ANU) and Richard Denniss (The Australia Institute) outline a new approach both to detecting and punishing the crimes of insider trading and collusion. They propose that financial incentives be offered to individuals or firms participating in illegal activity in return for the provision of evidence against other participants. In order to ensure that attractive incentives can be offered, and large fines levied, it is also proposed that a revenue contingent payment mechanism be utilised to extract both incentive payments and fines from firms and individuals convicted of these offences. The use of a revenue contingent penalty payment increases the certainty of collecting penalties while reducing the incentive for recourse to bankruptcy.
· Incentive payments and fines [(The Australia InstitutePDF file)]

Saturday, November 22, 2003

More than just a roof

The reality of family homelessness is one of the major social tragedies confronting our society. As this research report argues, thousands of Queenslanders experience this unacceptable reality each year. Social policies which address educational, health and welfare needs all become secondary when finding somewhere secure to live is the critical and urgent need. The report's findings suggest that measures beyond the mere provision of housing are required to address the needs of family groups facing a housing crisis.
· Study of family homelessness in Queensland [(PDF file) ]
· Generation Xcluded: no kids, no house, no money! [(PDF file) ]
· The Hawke Policy Website

Time to Recognize the Politics of Suburban Sprawl

On the pages of nearly every newspaper in the nation, there are daily articles on suburban sprawl. Attempts to get sprawl under control started in the 1950s relatively soon after sprawl exploded after the end of World War II. They all failed. Even now, with a strong national “smart growth” movement, unless sprawl-haters understand sprawl politics and the power of the sprawl lobby, by mid-century with a population lunging toward 400 million, it will be too late to save so much of what so many Americans value, including public greenspaces, rural lifestyles, farmland and social capital.
· Caught in the poverty of wealth [ CommonDreams]

Wednesday, November 19, 2003

Assessing Australia's Innovative Capacity in the 21st Century
Intellectual Property Research Institute of Australia (IPRIA)

Innovation is essential to a nation's prosperity. This report assesses the evolution of the Australian innovation environment over the past two decades. It then proposes a 3-part strategy for furthering Australian future innovation: (i) strengthening common innovation infrastructure, (ii) encouraging regional industrial clusters and (iii) upgrading linkages between both. The PDF format paper is available on the internet · http://www.ipria.org/publications/workingpapers/ipria%20wp%2007-03.pdf .

Tuesday, November 18, 2003

The Kindest Cut

Virginia's strip clubs don't have to pay taxes on the drinks that patrons buy for dancers or on the private dances that they provide
· Taxing of Virgins [HeraldMail ]
Progress and Poverty
A hundred years ago a young unknown printer in San Francisco wrote a book he called Progress and Poverty. He wrote after his daily working hours, in the only leisure open to him for writing. He had no real training in political economy. Indeed he had stopped schooling in the seventh grade in his native Philadelphia, and shipped before the mast as a cabin boy, making a complete voyage around the world.
· Cabin Boy [ Progress]
Exclusive Steve Wallman, founder and CEO of FOLIOfn (www.foliofn. com)
Once upon a time in the late nineties, people trusted their brokers to keep them swimming in the black. After all, the stock market moved in one direction (up), and analysts' optimistic predictions kept finding validation in ever higher stock prices. But since the stock market began to decline in the Spring of 2000, people aren't quite as trusting of the so-called soothsayers and brokers whose calls now appear more the result of momentum than any broad insight of the markets.
· Late 90s [Bizreport ]

Monday, November 17, 2003

Disappearing State Corporate Income Tax
T he Disappearing State Corporate Income Tax In state legislatures across the nation, lawmakers are scrambling to cope with revenue shortfalls. Increasingly, however, they can't look to the corporate income tax for much help.
· Taxes [Tax ]
· Taxes [ Tax]

Sunday, November 16, 2003

Powerless

Homeless
Stereotyping all homeless people as menacing lawbreakers is simply wrong. Homeless people are as varied as anyone. Some are families down on their luck, some are people with mental problems, substance abuse problems, or both -- they run the gamut
· Poverty [SouthbendTribune ]
· He is so famous, he can get a personal audience with U.S. President George W. Bush or Pope John Paul II to talk about important issues like poverty and starvation, the injustice of Third World debt [Telegraph ]

Let's talk taxes

I recently noticed that for federal taxes with no deductions, the income of a single person can be $7,705 to owe $1 tax. I wonder who needs that $1 more, the federal government or the person. Last year the Republicans seemed to brag that taxpayers in the top 5 percent income bracket paid 55 percent of all the taxes. Maybe they were gloating because the top 5 percent of the wealthiest have 95 percent of the wealth, and should be paying 95 percent of the taxes. No wonder all those people who earned $7,705 need to pay $1.
· 5 percent of the wealthiest have 95 percent of the wealth [Purcell ]

Sunday Sermon: Cold River & Bible

It is not everyday I discover I am being quoted in a sermon (smile)

A Funeral for the Church
I'm 35 with a young family a long way from home. I love this Church, and yet hate so much of what it has stood for in the past. I believe it can and will change, and I want to be there to see it happen. I'm crazy enough to believe in resurrection, and for that reason have no regrets about saying to the church of my youth 'Rest in Peace'. I will remain at the edge, as only at the edge can I be faithful to the inspiration of my faith, Jesus who took risks, was always open to change and valued people over institutions.
Earth to earth. Ashes to ashes. Dust to dust. And then out of the ashes something new and exciting will emerge.

· The people who are crazy enough to think they can change the world, are the ones who do [St Matthews]
Cold Reality

Saturday, November 15, 2003

Bank urges tax audits on housing
THE Reserve Bank wants the Australian Taxation Office to crack down on investors who deliberately buy loss-making properties to negative gear.
Although interest rates have halved in the past decade, the Reserve Bank puts most of the blame for the big jump in house prices on tax breaks for property investors.

· Negative Gearing [ CourierMail]
Banks
The banks here are ripping us off. Not just one of them, but all of them. They seem to have forgotten that when we open bank accounts we are lending them our precious cash. They are not doing us a favour in letting us have accounts; we are doing them a favour in giving them our money to play with.
Because they do play with it. Banks invest our money and make a profit on the interest they get. Their income is the difference between the interest they charge us and the interest they pay.

· Aussie Bank [SMH ]
This weekend, the Guinness Book of World Records will sell its 100 millionth copy.

Digital library
So: e-books are handy when I'm concerned only with text, when I want to take a lot of text in a very compact way, and when I want to mark up heavily. The upshot for me of having a growing library of e-books is that I can take better care of my printed volumes and focus a bit more on buying print with an eye toward quality, since I've got this option for uses where aesthetics matter less.
· eBooks [AboutLastNight]
· Understanding Trees and Woods...

Fun
Books are fun and interesting to read, but the Sunday Book Review is neither... the review hardly ever helps you answer the key question: Should I spend $4.85 on 'Tis eBook?
· New York Times Sunday Book Review [Boston Globe 11/13/03]
Hornby Offers Peek at Novel-in-Progress
Reading from a novel tentatively titled Kings and Queens of Shambles, Hornby told the story of three people who meet when they’re all trying to kill themselves by jumping from the same roof.
“Out of the way, losers!” yells Jess, as she charges the other two characters already occupying the prime suicide spot.

· A funny tone about sad things [ Crimson]

Friday, November 14, 2003

· RR: Rene [SMH ]
· FL: Frank [SMH ]
Generous tax breaks
Investors were driven by a belief that house prices could never fall for long, while easy and cheap finance meant homeowners could buy an investment property without having to spend a cent up-front.
A key lure was tax breaks, allowing investors to cut the out-of-pocket loss on a $400,000 property from $331 a week to $81 a week.
Negative gearing let investors write losses off against other income, while they could also claim for depreciation of the property.

· Negative gearing [SMH]

Against us

When I hear Bush say, 'You're either with us or against us,' it reminds me of the Germans.
It conjured up memories of the Nazi slogan, "Der Feind hoert mit" (The enemy is listening): My experiences under Nazi and Soviet rule have sensitised me.

Soros: Beating Bush is my life's mission
GEORGE Soros, one of the richest men in the world, has given away nearly £3 billion to promote democracy in the former Soviet bloc, Africa and Asia. Now he has a new project: defeating the president of the United States, George Bush.
· A matter of life and death [Scotsman]

Thursday, November 13, 2003

The Decay of Public Language
The corporate world is awful at using language effectively, and we're all the poorer for it
· World Today [ABC ]

Wednesday, November 12, 2003

· Election Cuts [SMH]
The Money Trap:
Soros and his Institute has a brilliant new website peppered with engaging ideas and stories.
Corruption has no easy definition—behavior tolerated as normal, or at least necessary, in one place may be seen as deviant and punishable by fines and jail time in another. Yet all forms of corruption, even the seemingly trivial, erode the bonds of society. Corruption must be recognized for what it is: a looming global crisis.
One paper focuses on the undisclosed deals between multinational corporations and governments that help officials enrich themselves at the public’s expense. And it shows how even strong laws against corruption in established democracies can be riddled with loopholes to benefit wealthy groups that dominate the legislative process.

· Stopping the Spread of Corruption [OSI PDFformat]

Tuesday, November 11, 2003

Lady Luck?
- A Bumper Sticker -
Lottery: A tax on people who are bad at math.
Did you hear about the New 3 Million Dollar Alabama State Lottery?

· The winner gets 3 dollars a year for a million years [NSW Lotteries]
· Healthy Skepticism [Phil Adams]

Monday, November 10, 2003

Swapping Political Favours
Follow the monkey money...
· Pollies, Porkies, Pokies [SMH ]

Sunday, November 09, 2003

I never had sex with that woman...Clinton; But

Living through Secret Affair with Hillary Bray Clinton
Martin Sikora reviewed my book back in August 2002 and publishers of Hillary Clinton pinched his idea and now some readers who use search engine download Cold River and Living History (smile)
Customer Rating: (4 stars)
Posted on 8/23/2002
Unless one went through it, experienced it, and lived it, one can’t ever really know. But a man known as Jozef Imrich lived through it and he tells his story of growing up in communist Czechoslovakia. But ‘Cold River’ is so much more than just a story, a riveting story of trial and escape, and of rebirth. It is, in its essence, a moving and dramatic tale of one man’s quest for freedom; not just in a physical sense, but an emotional one as well. This e-book literally sent chills up my spine. After you finish reading, you can't get certain images out of your head. Even as you are going along, reading it, there are parts where you can't believe you’re breathing. It might seem hard to believe, but there are no photos or maps in this book.

· Jozef [Bookbooters ]
· Hillary [Bookbooters]
Federal-state law flaw keeps insider trader out of jail
Convicted insider trader Rene Rivkin has used lax federal laws to turn his periodic detention into a farce.
He could keep getting medical certificates to have his detention postponed indefinitely.

· Outside [SMH ]

The exact science of hindsight
Some say economists are people who don't know what they are talking about - and make you feel it's your fault. But maybe the joke is on those who take them seriously.
· Deflating Joke [SMH]
· Land Tax
Blog Sleuth Hipper
Eurovavant points out this fantastic bit of blogging detective work on the HipperCritical blog. Some lawyer was allowed onto the New York Time's Op-Ed pages yesterday with an editorial arguing that Iraq should be required to pay its international debt in full. Turns out (but the NYT didn't bother to provide any clue about this) that he's a lawyer whose clients are those companies and kingdoms to whom Iraq owes that money. Our sleuth "Hipper" took to the Google trail and found that out, plus a whole lot of other juicy information - such as that the lawyer is on record in the past as urging the forgiving of Russia's foreign debt. (But Russia was the one paying his fees then, you see. That was then; this is now.)
· Hippercritical

Saturday, November 08, 2003

Tricks Assets transfer
In the eyes of creditors, there was perhaps now little difference between the two directors: wealthy wives, pre-collapse lifestyles, assets out of reach.
· Wives [SMH]

Friday, November 07, 2003

OECD figures
The Organisation for Economic Co-operation and Development (has recently released the 2003 edition of OECD in Figures: Statistics on the Member Countries.
· Comparison [PDF]
As the rate rise hits wallets, the Government is sure to deflect attention elsewhere...
All Rise
Home borrowers may be grappling with a second interest rate increase within weeks, experts warned yesterday after the Reserve Bank's unexpected decision to lift rates for the first time in nearly 18 months.
· 14 Kurdish men [SMH]

Thursday, November 06, 2003

All Rise
Home borrowers may be grappling with a second interest rate increase within weeks, experts warned yesterday after the Reserve Bank's unexpected decision to lift rates for the first time in nearly 18 months.
· Investors winners [SMH]
How well do individuals predict their future life satisfaction?
Over recent years a number of papers have used individual or household longitudinal survey data to investigate the rationality of income expectations. In this paper the authors provide a novel contribution to this literature by examining the ability of individuals to correctly predict their own future life satisfaction using longitudinal data for East Germans.
· APO [Centre for Economic Policy Research, Australian National University (PDF file)]
· A race to the bottom? [National Europe Centre, Australian National University]

Wednesday, November 05, 2003

How well do individuals predict their future life satisfaction?
Over recent years a number of papers have used individual or household longitudinal survey data to investigate the rationality of income expectations. In this paper the authors provide a novel contribution to this literature by examining the ability of individuals to correctly predict their own future life satisfaction using longitudinal data for East Germans.
· APO [Centre for Economic Policy Research, Australian National University (PDF file)]

Tuesday, November 04, 2003

Dark Long queue at drive-in soup kitchen
George Bush's America, the wealthiest nation in history, faces a growing poverty crisis.
· Amerikan Winter [Guardian](UK)
Google set to rewrite the rules of advertising
When adults sit down to use the web they generally do two things: check their emails and then do a search (teenagers either chat or download music, but that's a whole different kettle of piracy)
· Kettle of piracy [SMH]

Monday, November 03, 2003

Sometimes a big 100-watt goes off over my tired, saltier than peppered head and I see things in a whole new light...

The Truth About Pop Culture
Almost everyone, it seems, blames the mass media for the increasingly violent nature of American society. And for the corruption of our children. And for our rampant materialism and consumerism. And for the increasing sexualization of our culture,” writes David Shaw, media critic for the Los Angeles Times.
Karen Sternheimer is one of the few exceptions. The 34-year-old sociologist at USC has written a book, It's Not the Media: The Truth About Pop Culture's Influence on Children, and in it she argues that the even though the media are a "central force" in our society, "media culture is not the root cause of American social problems."
Though Shaw isn’t ready to let the media off the hook so easily and thinks Sternheimer overstates her case, he praises her central argument: “‘The most pressing crisis facing American children today is not media culture but poverty,’ she rightly says.
“In her view, the other ‘big bad wolves of childhood’ are family violence, child abuse and neglect, inadequate health care and the under-funding of education. But it's easier for politicians to blame the media than to budget the money -- and spend the political capital -- necessary to address these problems.”

· Her finger isn't pointed in the usual direction [LA Times]
· Daily Choice Turned Deadly: Children Left on Their Own [NY Times]
The secret to success is knowing who to blame for your failures.

Amazon Says Search Inside Boosts Sales
Despite all the ink given to those authors who have qualms about the program, not many have asked to have their books removed.
Travel writer Rick Steves gives a nice quote to one of the Seattle papers: If someone's cheap and desperate enough to download my entire book, then carry it all over Europe, anyone who sees this mass of papers is going to ask, 'Whose book is so great that someone would go to that length for it?' And they'll see my name, and buy a copy.
Ok, deep breath...
The Czech for the greatest writer of all times has arrived...
· Dragon: A Little Perspective on my royalty Cheque from Cold River [Crunch Time]

Sunday, November 02, 2003

According to today's Technorati [http://www.technorati.com/cosmos/currentevents.html ] we have ten in top hundred most influential links out of the net. Thanks to all our readers for putting us there. We are proud to be in the same vicinity as CNN, BBC and NY Times.

Saturday, November 01, 2003

Yukos Oil
Évery so often the arrest of one man involves more than the charges he may face and his fate before the court. In these rare instances, the legal proceedings are a distraction from the larger moral and strategic implications, and so they are intended to be. The arrest of Mikhail Khodorkovsky by Russian secret services in Siberia over the weekend is one such arrest.
· The Failure of Putin's Russia [WashingtonPost ]
Antipodean Machiavellis: Israel v Switzerland
For some, the secret world of Swiss banking hasn't been all it's cracked up to be. It reopened old wounds.
It wasn't hard to imagine that half the population of Sydney's eastern suburbs were frantically ringing their offshore accountants and lawyers this week.
It appears that even one's financial activities in the world's great tax havens cannot be assured of absolute secrecy.

· Rene's Swiss connection: Key Links [SMH]
· Swiss and Taxes
The participants in the Offset Alpine affair are some of our best-known political, media and finance personalities. They are the men who stand up for one another in court, on talkback radio and in political circles. Taking leaves out of Trevor Kennedy's book? Like every business wants to controll the flow of currency, every government wants to control the news, and you don't have to shoot reporters or imprison them to do so.

Swiss Code of Secrecy Carr: A Master News Manipulator
We come to NSW where the state is in the hands of a master news manipulator, the Premier and former journalist, Bob Carr. Carr has worked assiduously to snuff out sources of bad news. To this end, he is bundling every independent watchdog agency which caused the slightest hint of trouble to his Government into the NSW Ombudsman's office. The Privacy Commissioner, the Inspector-General of Prisons and the Child Death Review team are being swallowed up by the monster agency.
· Watchdog lost its teeth, bark by new secrecy provisions, legalisms, and the exercise of discretion [SMH ]