As Investment Advisers, The Liberals Make Alan Bond Look Good!
Late last year, I wrote about the Liberals’ criticism of the ANU’s decision to divest itself of shares in fossil fuel companies. As I pointed out, while this was considered “outrageous” by various senior Liberals, the shares being sold had actually been losing value, and apart from anything ethical considerations, it was possibly sound financial sense to sell.
When I’m wrong, I’m happy to admit it. Unfortunately, for those Liberals who I intend to mock mercilessly, this isn’t one of those times. Santos shares have continued to dive and I just noticed this little gem:
Santos shares “worthless” say Credit Suisse.
Now, just last October, Christopher Pyne labelled the ANU’s decision to sell “bizarre” and Jamie Briggs says that he wrote to the Vice-Chancellor demanding an explanation. Well, I can give Mr Briggs an explanation – the shares are now almost half what they were when they were sold.
Perhaps, that should be one of the Labor Party’s questions in Parliament. Are the Government ministers still critical of the move, or do they now concede that sometimes people in universities might actually know something, even if Andrew Bolt is better placed to lecture us all on climate change. Yes, I know that Bronwyn Bishop would rule it out of order, but it’d be fun to watch.
Just like it was fun to listen to Jamie Briggs tell an ABC interviewer this morning that her question was out of line because, of course Tony Abbott was concerned about the SA bushfires, why he’d commented in response to a question just yesterday, and Mr Briggs believed that he had spoken to the Premier offering whatever help they needed. The Premier’s Office seemed unaware of any such call – perhaps Mr Abbott should have told them who he was.
Here we have the question and response:
Question: And just finally, on the SA bushfires, will there be any assistance package for the people affected?
Abbott:
The standard national disaster relief and recovery arrangements are already in place. We will shortly have a little bit more to say on the Centrelink payments which are often made in circumstances like these. I have been talking regularly to the relevant minister, Michael Keenan, to Minister Jamie Briggs who has the electorate which has been most impacted by these fires. Obviously, Australian summers are prone to fire and flood. It is tragic that we’ve seen, yet again, the ferocity of Mother Nature, but the thing about Australians is that the worst in nature tends to bring out the best in us and that’s what we always see when our emergency services rush to help people in trouble and when communities rally around those people who have lost a very great deal.
Mm, can’t see why people who’ve lost their homes would feel that Tony’s response lacked empathy!
P.S. Update
THE Adelaide Hills bushfire is finally under control, with Prime Minister Tony Abbott pledging about $4 million in assistance for fire-affected South Australians.
The number of houses destroyed of badly damaged in the fire has also been downgraded from 32 to 27.
Mr Abbott toured some of the 12,500ha fireground this morning with Premier Jay Weatherill, before making an announcement on disaster recovery payments.
The Federal Government will pay $1000 per adult and $400 per child to those affected by the fire, who will have six months to apply for the funding.
There you go, $4million. That’s nearly as much as he gave the Iraqis.
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