- UFO sighting in Fawkner?
- Jim's movie cheat sheet - April 20
- New release movie reviews - April 17
- 'I just want a beer with my mates'
- Conscription or compulsory volunteering for jobless?
- Jim's cheat sheet - April 11
- 'Assistants can't do a nurse's job'
- Ela's Woodland House review
- RSS Syndicate this blog (XML)
What we're talking about
- the serial pest on UFO sighting in Fawkner? Mmmm...dogs barking. Crickets chirping. A fleck in the sky. Sounds like a Fawkner family's been into some backyard moonshine. more
- tracy on UFO sighting in Fawkner? bulltwang first its moving not so fast across the sky and then its stays still not way up in the sky but about human height ... more
- Graeme on UFO sighting in Fawkner? Shared on Facebook Melbourne UFO group more
- james mason on 'I just want a beer with my mates' political correctness ????Sad day for our nation that cant even trust our proud men and woman of our defence force to have a ... more
- Steve on 'I just want a beer with my mates' BIGGEST AMOUNT OF BULL TISH I HAVE EVER HEARD. BEING EX SERVICE IT WAS AN HONOUR TO WEAR MY UNIFORM AND HAVE A FEW DRINKS ... more
- Lucinda on 'I just want a beer with my mates' Surely in RSL's it should be fine, but i agree not in a licence pub in the city ie young and jacksons type of thing. Weren't ... more
- JimmyJack on 'My son has a problem with porn' What a load of tosh, sorry Tom, wasn't able to hear the call so only going on from what is here. This Susan McLean sounds ... more
- ian on 'My son has a problem with porn' Lack of parental control. more
- David R on 'My son has a problem with porn' Should a government issued/sanction laptop come installed with the Government supported/paid-for Internet protection ... more
- Tony voorhaar on Man comes forward over dooring When are people and gov't going to learn bikes and cars don't mix. Get rid of the bikes. more
- Christine on Man comes forward over dooring Again the minority are the loudest. The roads are for cars, who pay to be on the roads. I feel sorry for the people ... more
- Dingoes Breakfast on Man comes forward over dooring No cyclist should be allowed to ride on public roads without paying 3rd party insurance to the government and registration ... more
- LukeB on Man comes forward over dooring Actually, that footage is exactly what happens when a bike rider kicks the door of a car, or punches a car driver ... more
- Luke on Man comes forward over dooring Bike riders are near impossible to see & they also don't watch where they are going or pre-empt any trouble. They are their ... more
- Joanne on Man comes forward over dooring There will be no winners here. 1. Should the taxi driver have been allowed to let a passenger depart the vehicle from that ... more
- Lee on Man comes forward over dooring They are all in the wrong here. Cyclist shouldn't have been riding in the gutter, but since she was she should have gone a ... more
- Lukew on Man comes forward over dooring I think the rider should bear some of the responsibility here. If I was riding my bike in that situation, I would be ... more
- choppy on Man comes forward over dooring the guy sells toys and sporting equipment for leading brands...including bicycles! Acted like a pig. Perhaps he should ride ... more
- Richard on Man comes forward over dooring Its rule 140 about unsafe overtaking , just before the 141 that cyclists like to quote. Maybe read all the rules, not just ... more
- Richard on Man comes forward over dooring Shouldn't the cyclist be charged with unsafe overtaking? If it had been a motorcyclist that would be the charge (and ... more
Jonathan Moylan's utterances have the ring of self-delusion
One man’s cause is another man’s tedium. One man’s passion is another man’s indifference. One man’s sense of humour is another man’s insult.
On Monday, environmental anti-coal activist Jonathan Moyal exercised his perverse passion, he displayed his unique sense of humour in pursuit of his particular cause, anti-coal mining, when he issued a fake ANZ press release announcing that the ANZ had withdrawn a $1.2 billion line of credit to Australian coal miner Whitehaven.
The results, much to Jonathon Moylan’s joy, were profound an immediate.
Acting on the fake, negative press release, shares in Whitehaven mines plummeted wiping approximate $314 million of value from the company almost immediately as share traders dumped the shares.
An unrepentant Moylan was ecstatic even after his fraud was discovered: “The hoax is a campaign against ANZ because if its customers knew their money was being used to finance coal, they’d object to that.”
Really? Frankly, Moylan’s utterances have the ring of utter self-delusion.
First, the ANZ’s financing of coal mines is available in public documents to shareholders; It’s public information. The banks customers are aware of such support of such industries by the ANZ.
Second, even if he believes his cause, Moylan has discredited the integrity of his cause by engaging in such reckless behaviour.
Thirdly, he’s damaged the integrity of the financial market.
Fourthly – and critically, his protests have hurt precisely the wrong people. Many ordinary investors, share traders, mums and dads, and super funds who all took a loss, dumped their shares because of that announcement. His useless protest has been made at the expense of ordinary people like you, who collectively lost $314 million to pay for his fruitless outburst.
Earlier today, ASIC raided Jonathan Moylan’s campsite and seized his computers and property. Doubtless, Moylan will get his comeuppance. He will pay the prices for his pointless outburst, but nothing will compensate the investors who lost $300 million.
As worrying, in my view, is a slightly different development - Greens leader Christine Milne and Greens Senator Lee Rhiannon have both come out and congratulated Moylan on his hoax.
Hello, it’s one thing for a lone wolf protester to break the law and potentially face the legal consequences. But for one of Australia’s most senior politicians to blindly, laughingly endorse this pointless exercise in law-breaking, to condone the fraud, and to be seemingly indifferent to his loss of hundreds of millions of dollar by day traders – perhaps you – I think is breathtaking.
Senator Milne said, siding with the hoaxer: "The two hottest days in Australian history have just been recorded and fires are burning around the country."
"Companies that are driving climate change will increasingly come under scrutiny and be exposed for their investments and actions, and Jonathon Moylan is drawing attention to these companies."
@Ahhh; Are you suggesting that the investing public (including many pensioners and private superannuation funds) should be intimidated into doing the will of a bunch of financial incompetents and nut-cases?David T. Sunday 13 January, 2013 - 5:16 PM
Hundreds of people lost money on their shares because of Jonathan's actions - but hundreds of millions will loose their jobs, property or even lives because of coal mining - coal mining made possible because of public investment. Perhaps Mr Molyan did the wrong thing, but he did it for the right reason.JNB Friday 11 January, 2013 - 5:34 PM
To Ahhh. Congratulations on bringing to light the type of morals that qualify the "Greens" to be added to the list of despotic, Machievellian pigs that include Hitler, Pol Pot, Idi Amin etc.
I bet you'd be the first cry- baby if your Centrelink payment was stopped because of "drastic times". Keep up the great commentary.Eddy Friday 11 January, 2013 - 2:07 PM
Nice to see people rise in defence of the share market while ignoring the defence of the environment, and at the end of the day, human existence.
Without humanity, we have no financial markets.
Bob Brown understood the bigger picture and so spent 19 days in jail in the defence of humanity via the Franklin Dam.
Well done Jonathan Moylan.Greens Win Friday 11 January, 2013 - 1:40 PM
If the "Greens" are content to openly condone fraud as a means to their ends, it's not hard to imagine what they are willing to do in secret. How stupid can these people, (Milne et co.) be, to publicly align themselves with such values. They have taken a giant leap to the radical left on this one. Moderate people, who may have had sympathies of a green nature, will surely have to rethink their notions of the "Greens" as a legitimate, rational representative of a sector of the Australian public. To Kai Wild-- Wonderful quotation Kai. "stupid people think, brilliant people are crazy"....someone once said???? Who said?...I know, a crazy person said. Just cos you write it, don't make it so....unless you are crazy.Eddy Friday 11 January, 2013 - 11:27 AM
Congratulations to Johnathan â?? drastic times call for drastic measures and, although it has cost ordinary people, perhaps those very people will think twice about where they invest their money in the future and which companies they support.Ahhh Friday 11 January, 2013 - 9:45 AM