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The official OZ bashing thread.

Re: Australia's Persistent Racism

Ya go outback and they will refuse you service, charge more money for asia guest.

Many tale come from collegue who uni there.

Ozzie people most worst racism people.

They just charge more money regardless.

Over there is legalized corruption and stealing.

That is what I think of Australian Prices

Its a ripp-off!
 
Re: Australia's expensive Cars and Petrol

Wah. This One is like war. Any Aussie vs shockshit.

Any anyone who agrees with shocky boy is an alter ego of him.

Outrageous. Like the ripp-off prices in Australia.
 
Re: How Australia Killed 2433 Tourists in 7 Years!

why thank you. yes, its kind of pathetic, like australia. i am too funny.

hee hee

When you take the ripp-off prices with the deadly animals only found in australia, some sea snakes, jellyfish and spiders, I for one would have to agree with you.
 
Re: New Racist Party Formed in Australia-Asians Banned

Anyone not ang mor got problem there.

They should put up that sign "No Foriegners Allowed"

But they can go there and pay high costs, taxes to the government.

Why do you think Australia wants migrants.

Over here we have too many, turning people away.
 
Re: Rich Australians Run Away from Massive Oz Taxes!

yes, they more this multiplenick loser tries, the more he fails. he learned from his PAP master.

hee hee

All these pro-australians here are using multiple log ons.

Its so obvious its only one person.
 
Re: Australian Job Market "Falls off a Cliff!"

hee hee without jobs australia is going to crash big time.

i cant wait!

hee hee

Our job market here has crashed too.

Jobs are still growing in the medical field though.

If you have a medical background, your job is recession proof here.
 
Re: Only in OZ! Mortgage Rates Down-but Bank Impose Penalty for 43K Losers!

yes, usually subprime singaporeans.

hee hee

Over here its called a pre-payment penalty.

When I bought my house the seller had a mortgage with HSBC here, and there was a pre-payment penalty.

Not many mortgages here have them, but we have the most variety of products, such as the 30 year fixed.

Singapore does not seem to offer 30 year fixed for some reason.
 
Re: Australia Property Prices to Crash 40%, Axe168 Run Road

sinkee also got crash what.

Actually its all encompassing.

The UK, Ireland, Europe, Singapore, here, and yes, Australia too.

Prices all down already, with more declines to be seen.
 
Re: OZ:Home of the World's Fattest People

i see you are upset. i am quite good at that arent i?

was it making fun of your fat stupid mother that did it? she is a bitch, you know. she should not have done those things to you when you were so young, and so defenseless. but now, who will protect your son?

makes you more angry, doesnt it?

hee hee

Why are you attacking this twit?

What the point?

You just want to make him look bad.
 
Re: Overseas Holidaymakers Shun Australia

the prcs will continue to come to singapore, but in australia, the terrible situation there translates into fewer travellers. must have something to do with some of the highest travel costs you have ever seen.

sydney is more expensive than new york, for example. thats how bad australia is.

hee hee.

I think the cost of living in Australia is even worse than they think.

Its a ripp-off!
 
Re: Its Official:Australia is only for losers

you are correct. many australians are happily living in singapore for this very reason. that is why the subprime singaporeans are so stupid. they dont even think about this, so they go there and pay some of the highest taxes in the world.

This is very true. Many Australians themselves are working in Hong Kong, Singapore so that they dont have to pay these exorbitant taxes.

Even more live in London.
 
Re: Its Official:Australia is only for losers

yeah the problem with the aussies in singapore though they still complain about sinkepore, but when they lost their jobs in sinkepore...they dont want to go back to oz-land cause no maid, no chicken rice, and no nice subserviant girls who serve and adore them in sinkapore land.
 
Re: Its Official:Australia is only for losers

KNN so many Australia threads....now is "Don't Visit Australia Campaign" issit? :D
 
Australia Faulted for Nazi Inaction

http://www.google.com/hostednews/ap/article/ALeqM5gDHggNw0kGR8BwRDu4Nl0KFFzf-QD950OONG0

Nazi hunters fault Australia for inaction

By VERONIKA OLEKSYN – 5 hours ago

VIENNA, Austria (AP) — Australia, Hungary and Lithuania are failing to investigate and prosecute suspected Nazi war criminals largely due to a lack of political will, the Simon Wiesenthal Center said Thursday.

The Nazi-hunting group said the same holds true for Croatia, Estonia, Latvia and Ukraine, adding all countries in question face no legal obstacles in bringing suspects to justice.

The findings were published in the center's annual report, which graded the investigation and prosecution efforts of countries around the world between April 2007 and March 2008.

"In analyzing the results presented in this report, the critical importance of political will in bringing Nazi war criminals to justice is increasingly evident," wrote Efraim Zuroff, the center's chief Nazi hunter.

However, he lauded the success achieved by U.S. prosecution agencies, saying they should serve as a catalyst for governments around the world.

Australia was given the worst possible mark — an "F-2"_ for its continued failure to extradite Nazi collaborator Charles Zentai, an Australian citizen accused of killing a Jewish teenager in Hungary during World War II.

The report said Australia admitted at least several hundred Nazi war criminals and collaborators but has failed to take successful legal action against a single one.

In August, an Australian judge found that Zentai's case and circumstances met the requirements of the Australian Extradition Act and the Extradition Treaty between Australia and the Republic of Hungary. Lawyers for Zentai said at the time they would appeal the ruling.

Hungary, also in the "F-2" category, was reprimanded for failing to prosecute former gendarmerie officer Sandor Kepiro, accused by the Wiesenthal Center of playing an active role in the "mass murder of at least hundreds of civilians" in Novi Sad, Serbia, on Jan. 23, 1942.

In October, Hungarian prosecutors investigating Kepiro said they were considering expanding their probe to Serbia and were awaiting access to archival documents there which could shed new light on the 1942 events.

In a separate development in September, Serbian prosecutors lodged a request for investigation against Kepiro with the Belgrade war crimes court, the first step toward a possible indictment and trial.

Lithuania, meanwhile, got a failing grade for its refusal to jail Algimantas Dailide, convicted in 2006 of helping round up Jews for Nazis as an officer in the Vilnius security police. He was sentenced to five years in jail, but the judge ruled he was too frail to serve the sentence. The center said that reflected Lithuania's resistance to acknowledging "the extensive scope of local complicity in the crimes of the Holocaust."

The report also criticized Norway, Sweden and Syria, saying all three countries refuse in principle to investigate and prosecute suspected Nazi war criminals because of legal or ideological restrictions.

The report noted that Austria, which got a "C" for its efforts, has not convicted anyone for crimes committed against Jews during the Holocaust for more than three decades.

It also said Austrian authorities have refused the center's request to allow a foreign medical expert to examine Milivoj Asner, a wartime Croatian police chief living in Carinthia and suspected of an active role in deporting hundreds of Serbs, Jews, and Gypsies to their deaths. Authorities have said Asner suffers from dementia.
 
Oz Soars on Mercer Cost of Living Rank!!

http://www.smartcompany.com.au/Free...ralias-cities-are-getting-more-expensive.html
Australia’s cities are getting more expensive
Thursday, 24 July 2008

Australia’s capital cities have leapt up the ranks in an annual global cost of living survey conducted by consultancy Mercer.

Sydney is Australia’s most expensive city to live in, coming in 15th on the list ahead of famously opulent cities like Vienna, New York and Madrid.

Melbourne comes in next in 36th place, followed by Perth (53rd), Brisbane (57th) and Adelaide (71st).

Across the Tasman, New Zealand’s cities have also grown costlier, but even so the most expensive Kiwi city, 78th placed Auckland, remains a cheaper place to live than the least costly Australian capital.

Most striking, however, is the rapid rise in the cost of living experienced by the occupants of many of Australia’s state capitals. While Sydney only moved up a relatively modest six places, Melbourne jumped 28 places, Perth jumped 31, Brisbane 29 and Adelaide 23.

Changing currency values is a key reason for the shift, according to Mercer’s Rob Knox. “A weakening US dollar coupled with the sustained appreciation of the Australian dollar, has really pushed Australian cities further up the ranks,” he says.

Moscow retained its title as the world’s most expensive city this year, ahead of Tokyo, London, Seoul, Oslo and Hong Kong.
 
Starbucks Closes Shop in Australia!

186206.1

http://www.theappointment.co.uk/news/?submitted=False&ID=3758

Starbucks to close 61 Australian outlets
Starbucks is planning to shut 61 of its 85 stores in Australia. The coffee chain opened its first store in Australia in 2000 but has faced stiffed competition. Around 700 jobs will be lost.
However, reiterating the group’s expansion plans, founder Howard Schulz said: “As I have stated in previous communications, the US store closure decision was one of the most angst-ridden choices that we have made in my more than 25 years with Starbucks. Our decision to close underperforming stores in the Australia market was just as difficult, and it in no way reflects the state of Starbucks business in countries outside of the United States, which is quite strong. Our challenges in Australia are unique, and there are no other international markets that need to be addressed in this manner. Although it is not easy, hopefully, we realise that part of transforming Starbucks is our ability to look forward, while pursuing innovation. We strongly believe that our decisions to close underperforming stores and reduce our partner workforce will help support Starbucks continued growth”.
In the first three months of the year, Starbucks’ profits plummeted by 28% and the chain has been struggling in the US as consumers were hit by the slowdown.
In other news, Michelle Gass, senior vice president, will head a new marketing business and Jim Alling, appointed head of Starbucks Coffee International only last year, is leaving the group. Martin Coles will move from his role as chief operating officer back to his prior position, filling in for Mr Alling.
Additionally, Dorothy Kim, executive vice president, global supply chain operations, is moving to a new role as executive vice president, global strategy - office of the CEO; and Peter Gibbons, senior vice president of global manufacturing operations has been promoted to executive vice president, global supply chain operations.
 
Australia in recession

Money: Money Matters
Middle Australia stuck in doldrums
By Karina Barrymore July 21, 2008 11:40am

Consumer confidence is at a 16-year low
Many households have costs rising faster than incomes
Advice: Guides and tools to manage your money

THE `R' word has come out of the closet again for the first time in almost 20 years, as another round of bad economic news hits the headlines.

Although most economists are still shy of predicting a recession, many households are already in one.

New data has revealed homebuyers and property investors have backed right off, afraid of making a commitment in these uncertain times. This could send the property market backwards.

The latest consumer survey released this month also found confidence has fallen to a new 16-year low, as households continue to be hit with soaring food and fuel prices.

And most people will shortly be getting their annual superannuation statement, which is likely to show thousands of dollars in retirement savings accounts has disappeared.

Master Builders Association chief economist Peter Jones believes Australia's housing market is suffering "serious collateral damage'' from our economic woes.

"Residential building looks likely to remain in the doldrums until well into the second half of next year,'' he said.

The latest fall in the Westpac and Melbourne Institute's index of consumer sentiment has taken the experts by surprise.

Westpac chief economist Bill Evans said the most likely cause for the sharp fall in confidence was petrol price rises and an almost 10 per cent fall on the share market.

The most dramatic falls recorded by the survey were people's assessment of their personal finances during the next 12 months, which fell by more than 12 per cent, and also their assessment of general economic conditions during the next 12 months, which fell by "a dramatic'' 15.5 per cent, Mr Evans said.

So, many people are already battling a personal recession, as their disposable incomes recede.

AMP Capital Investors chief economist Shane Oliver said many families were in a situation where their costs were going up faster then their wages.

"For people with a higher than average exposure to costs such as mortgages and rents, which is a big chunk of Australians, or they are saving up to buy a house, they will be going backwards, so they are already in recession,'' Dr Oliver said.

Although the economy is still growing, the strength is mainly in the mining sector.
 
Rising Unemployment in Australia!

186358.1

http://business.smh.com.au/business/layoffs-add-to-the-fear-20080803-3pbj.html
Lay-offs add to the fear in Oz

* Ross Gittins

* August 4, 2008
* Page 1 of 2

Starbucks's decision to close almost three-quarters of its stores and lay off 700 workers may not distress too many coffee drinkers, but it's ominous news for the economy.

That's because it's just the latest in a lengthening list of lay-offs. Also announced last week was the Don smallgoods manufacturer's decision to close its factories in Melbourne and Western Australia and divest itself of 640 workers.

The closure of South Pacific Tyres' factory in Melbourne will cost almost 600 employees their jobs at the end of the year. Holden will stop producing four-cylinder engines at Fishermans Bend late next year, leaving 530 workers out of a job, though the company says it will absorb some of them into other operations.

Qantas has flagged its intention to slash between 500 and 1500 jobs. Its regional carrier, QantasLink, will close its maintenance base at Mildura and axe several air services at the cost of 20 jobs.

Insurance Australia Group plans to get rid of 600 staff. Suncorp is to close five bank branches in NSW and one in Bendigo. The NIB health fund is closing four retail centres, with job losses but no forced redundancies.

The point is not that those announcements add up to a significant blow to national employment in themselves, but that they're probably the forerunners of many such decisions.

Job losses and rising unemployment play a key role in compounding and lengthening downturns in the economy. In the jargon of Keynesianism, they're at the heart of the "negative multiplier effect".

And it's not just the direct effect of job losses on the spending levels of the unemployed. It's more the effect on the spending of the many people who, seeing those job losses, become fearful of losing their own jobs and tighten their belts in anticipation.

Many more people will fear losing their jobs than actually do. But whether the fears are justified or not, their reduced spending - with their saving used to reduce their debts - helps ensure more people actually do lose their jobs.

And here's the trick: it's not the monthly announcement of falling employment or rising unemployment figures that scares people. No, that's too impersonal.

What does most to put the wind up people is a succession of stories on the nightly news of this firm laying off 700 workers and that firm declaring 600 staff redundant. Footage of workers streaming out the factory gates for the last time may be cliched, but it strikes a powerful emotional chord with the punters.
 
Australia Record Inflation& Dollar fall!

Australia's rate forecasts and dollar plunge

AUSTRALIA'S stalling economy is forcing the big financial players to dramatically slash their interest rate forecasts.

Westpac Bank is leading the charge, predicting interest rates will fall to a low of 5.5 per cent within two years as the Reserve Bank moves to stave off a potential recession.

Economists are increasingly concerned the global slowdown that has pushed the economies of the United States, New Zealand and vast swathes of Europe into recession is starting to threaten Australia's 17 consecutive years of growth.

The possibility of a recession in Australia has risen sharply in recent months, with some putting the risk at 40 per cent or even higher.

This comes as the latest TD Securities inflation gauge for July shows annual inflation still running at 4.6 per cent, well above the Reserve Bank's comfort zone of 2-3 per cent annual growth.

Financial markets are now betting a 90 per cent probability exists the RBA will begin cutting rates from their 12-year high of 7.25 per cent in October.

By April next year the market has factored in three interest rate cuts, dropping the official cash rate to 6.5 per cent.

The growing expectation the RBA will cut interest rates dramatically over the coming years has hurt the Australian dollar, which was at US93.55 in late trading yesterday.

The Aussie has fallen 5 per cent since it peaked on July 15 at US98.50.

AMP Capital Investors chief economist Shane Oliver said the Aussie was in for a rough ride over the next six months with a fall to US85 now a "distinct possibility".

But he is optimistic that the combination of interest rate cuts and lower oil prices will rally share markets later this year.

"In our view the slump in the economy is now occurring so rapidly that the RBA should already be cutting rates," Dr Oliver said.

"However, the RBA is likely to take a more cautious approach, leaving official rate cuts till later this year after a further rise in unemployment and when it becomes confident that inflation has peaked.

"The problem though is that the longer interest rates are left at these levels the greater the risk of a serious recession."

The economic slump was again highlighted yesterday when Australian manufacturing activity hit a near three-year low as employers cut jobs, companies received fewer orders and production slowed.

Higher interest rates and consequent softness in housing were blamed for driving the weakness in activity, resulting in the Australian Industry Group/PricewaterhouseCoopers performance of manufacturing index recording the weakest reading since November 2005.

Australian Industry Group chief executive Heather Ridout said the continuing weakness in the manufacturing sector was not surprising, given the pressure of tighter financial conditions.

From Page 85
"The economy more generally, is feeling the ongoing impacts of the Reserve Bank's tightening of monetary policy as well as market based rate rises," Ms Ridout said.

Body: "Inventories were run down significantly, suggesting continuing weaker demand and the potential for further falls in production."

Westpac chief economist Bill Evans yesterday said the gloom and doom had forced a substantial lowering of the bank's consumer spending outlook.

Despite Westpac's view that the RBA will slash rates by 1.75 per cent over the next two years, Mr Evans is forecasting the central bank won't begin its rate cutting until the first quarter of 2009.

But other economists are much more concerned about the outlook and expect rate to start falling much earlier.

Citigroup expects the first RBA rate cut will be in November followed by two more cuts in the first half of 2009.

But Citigroup economist Paul Brennan said there was even a "seasonable risk about 30 per cent" the RBA might cut rates at its meeting on Tuesday.

The rate cuts, however, won't remove all the pain facing companies suffering from the deep slowdown in credit and spending.
 
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