Delight (and some dismay) over Victorian premier’s unexpected exit; our risky US alliance; constitutional provisions; Indigenous disadvantage; energy transition.
” : “When Eddie McGuire revealed the news that Daniel Andrews was resigning at The Carbine Club AFL grand final lunch at Crown ... the who’s who of the city’s business and sports community erupted into spontaneous cheers and applause.”
Now that the public is beginning to realise that debt to GSP is almost useless, we are presented with a new scary statistic, debt to operating income: a “horrendous” 220 per cent. A conservatively geared company with $100 million of assets, $40 million of debt and $12 million of profits has a debt to income ratio of 330 per cent.
Yet we enter into massively expensive long-term submarine contracts with the US as though it is a stable regime. It isn’t. Even the High Court didn’t operate until October 1903, awaiting passage of the Judiciary Act of that year.
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