#coalition

Legitimate question or ABC soul searching?

This must be the most bitter pill for ABC Melbourne to swallow. In what seems to be a legitimate question to the audience, the reality is it smacks more of the taxpayer-funded corporation’s self-reflection that cuts are on the way. The ABC must be in a funereal mood. When its own MD speaks about not voting for the Coalition if taxpayers want to save the ABC, it is clear where the bias lies.

We don’t need to look very far for evidence. Whether the use of ABC Kids to talk of white privilege or calling conservative politicians c*nts. The ABC even found enough petty cash to hire Clementine Ford who proudly deals in profanity. The programming promotes all of the left’s key agendas – global warming, identity politics, class warfare and no diversity of thought. Hard left journalist Fran Kelly even sang a song bagging out the Liberal Party when Turnbull’s seat flipped to Kerryn Phelps.

PM Scott Morrison should move to hammer the ABC due to its unquestionable bias. Its inefficiency is beyond comprehension.

Since 2008, the average salary and benefits of ABC’s staff have risen 23% from $86,908 to $106,284. Total staff numbers have risen from 4,499 to 4,939 in 2018. Therefore salaries as a percentage of the ABC revenues have risen from 37.9% of the budget to over 50%. How can this be? Why should taxpayers be forking out more cash when it is not allocated wisely? Morrison’s government is right to cut $84mn from the budget.

The multicultural SBS has seen its budget grow from A$259mn in 2008 to A$398mn in 2018. SBS staff numbers have grown from 844 to 1,453 over the same period with average salaries rising from A$82,689 to A$94,010 or +13.7%. Which begs the question why is the SBS able to operate at 34.3% of the budget in salaries while the ABC is at 50%? Surely the ABC’s economies of scale should work in its favour? Clearly not.

On a global basis, the BBC generates GBP 4.954bn and employs 21,000 staff. 22.7% of those revenues are spent on salaries. Average salaries have grown 17% since 2007/8. The average income per employee at the BBC is now GBP236,852 (A$428,000) thanks to the generous mandatory licensing fees. Average salaries at the Beeb are now GBP 55,651 ($A100,728).

The ABC conducted its second Corporation-wide employee engagement survey in late 2017. The previous survey was conducted in November 2015, with outcomes reported in the 2016 Annual Report.

The overall employee engagement score from the 2017 survey was 46%, down six points from the 2015 results. 6% down!!!!

This moved the ABC from the median to the bottom quartile when benchmarked with other Australian and New Zealand organisations. Bottom quartile!!! 

Employees expressed the need for improvement in several areas, including:

• that the ABC Leadership Team needs to be more visible, accessible and communicate more openly.

 that the ABC needs to do a better job of managing poor performance. Even the staff want to move duds on. A commercial spirit among the staff?

• that employees want to know what action is being taken to address feedback received in the survey.

The ABC management (no longer with us) conducted sessions on the back of the survey.

Three key priorities were identified from these sessions:

1. The way in which the ABC recruits, contracts, inducts, develops and manages its people needs a huge amount of work. Inefficiency!!!

2. More communication is needed between teams – employees want to know what other teams are doing, and want less top-down, hierarchical communication. Bureaucracy!!!

3. Many of the ABC’s processes, tools and technology don’t work effectively for its people. Obsolescence!!!

So instead of giving the ABC more money, perhaps an efficiency drive driven by a change manager could achieve the same outcomes desired by the market for far less cost. This reads like an organization that has too much fat.

To that effect, the annual report also noted:

Bureaucracy Stop was launched in March 2018 with the aim of creating a working environment with less bureaucracy and red tape. The program wrapped three months later with 147 ideas on simplification of processes, 55 of which were resolved by the end of the financial year.Where a simplification solution wasn’t available in response to an idea, an explanation was provided as to why that process needed to remain.

What were the dollar savings for these 55 improvements?

Of course the ABC can’t tell us!

Despite the ABC not having one journalist who took the side of a potential Coalition win, they may well ask how their bias couldn’t drag Labor across the line? Maybe it’s the product. Time for Morrison to appoint proper crisis managers inside the group to make it efficient.

Betting agency’s kiss of death?

History repeats? In the 2016 presidential election Paddy Power paid out on an expected Hillary Clinton win two weeks early. How wrong the betting agency was. How funny to watch the one sided mainstream media switch from 90% chance for Clinton to 98% for Trump. Expensive mistake.

CM has never forgotten watching a Bloomberg screen updating tallied Brexit votes and seeing the betting agencies scramble to cover their completely wrong odds as the count swept through the Midlands.

Now SportsBet has paid out early on a Bill Shorten win over PM Scott “ScoMo” Morrison. $1.3mn in total. A great stunt but this election is about cost of living, not climate change or refugees. Labor is no slam dunk as much as we were led to believe from the string of negative polls.

To be fair this election is so hard to call. The Coalition has been terrible since the Turnbull years but Shorten, for all of the easy ride into the Lodge, has hardly shown himself to be a clear winner. What on earth made him think ScoMo’s thoughts on whether gays would go to hell was even an issue? Now his Treasurer Chris Bowen is telling people not to worry if their largest asset falls into negative equity.

ScoMo has performed very well. Strong on numbers and content. Bill Shorten couldn’t count to save himself. CM only this morning pointed out the ridiculous claims made by Labor MP Richard Marles.

SportBet May yet prove correct but history has been a poor guide in recent years.

The tolerant left protest One Nation

The Socialists were out protesting One Nation’s Mark Latham who took his seat as a member of the NSW Legislative Council today. A bit disappointing that there were so few lefties there to spew profanity.

As ever the quality of the squealing was topped with the repeat of “Mark Latham, f*ck you! We don’t want your sexist views.”

One can read with delight all of their wonderful manifestos on the Redflag link.

Here is what they had to say about the upcoming election.

Coalition

The Morrison government is a mean and environmentally destructive disgrace with a face only a company director could love. Its pitch for re-election involves tax cuts that will benefit the highest income earners 20 times more than those on the minimum wage.”

Labor

Labor offers hopelessly unsatisfactory opposition to this rubbish. ALP leader Bill Shorten is seeking to connect with the prevailing mood by promising some reforms to address inequalityWith Shorten’s charisma having been privatised back in the ’90s, Labor can manage only a pathetically weak lead over a government that should be facing electoral annihilation.”

Greens

In this context, the Greens might be expected to be making gains. But with their focus increasingly on the rebellious mood infesting the tennis clubs and golf courses of wealthy blue ribbon Liberal seats like Kooyong and Higgins, the party is failing to provide credible left wing opposition to the major parties.”

In summary

Red Flag urges people to vote for the Victorian Socialists or other socialist candidates where they are standing, with preferences being directed to Labor or the Greens. The far right should of course be put last.”

GetUp! smears 150,000 surf lifesavers

We understand that GetUp! hate Tony Abbott MP. The left-wing activist group is working hard to oust him in favour of independent candidate Zali Steggall for the seat of Warringah in the upcoming federal election. So not two days have passed since the tragic news that a father and son volunteer surf lifesaver team (SLS) drowned trying to save a stranded tourist, GetUp! thought this campaign was appropriate to take a pot shot. It has since withdrawn it.

Australia has a proud record of volunteer spirit. There are 150,000 people registered as surf lifesavers. Abbott happens to spend his spare time serving in both the SLS and the Rural Fire Service NSW. He isn’t there for photo shoots but actually puts his life on the line to help his community. Talk about cheap political point scoring.

For the record the Surf Lifesavers this season have rescued 5,353 people and performed first aid on 21,470 others. To put that in context, that is 30 people rescued and 451 preventative actions every hour. The SLS patrol 12,000km of beaches, 36,000km of coastline  and 100 million beach visits annually. This is SLS’s creed:

We are a can-do movement.
Optimistic at every turn.
Eternally vigilant.
Forever serving Australia.
For we believe in life.
In the sanctity of life.
And in our great Australian way of life.
We support it. We protect it. We celebrate it.
We are Surf Life Saving.

You can donate to the SLS here. CM just did. 

The McTurnbull Burger – 2017 budget that says ‘waistline be damned!’

mcturnbull

Remember the Big Mac jingo? “Two all beef patties, special sauce, lettuce, cheese, pickles,  onions on a sesame seed bun?”  Well the 2017 budget From the Coalition might as well be called the super sized McTurnbull Burger. Two all thief parties, special porkies, levies, fees, spun on a $600bn dollar bomb. While the government needed to introduce a vegan budget of lentils, tofu and alfalfa to get the country’s nutrition properly sorted they’ve said waistline be damned. Morgan Spurlock couldn’t keep up with this super sized meal. As my wise sage Stu told me last week, “About as well-timed as Mining Super Profits tax – ding ding ding – top of the banking cycle just called by inept bureaucrats”

If people wanted a tax and spend party they’d have voted Labor. In a desperate attempt to supersize the meal they’ve made of the economy since Turnbull took office the debt ceiling will be raised. Wage growth has slowed for the past 5 years from 4% to under 2% according to the RBA. Throw higher Medicare on top why not?!. Cost of living is soaring. So let’s look at the extra calories they’ll inevitably load on the taxpayer.

1) Let’s tax the big 4 banks. That’ll work. What will they do as responsible shareholder owned organizations? Pass those costs straight on to the tapped out borrower where 1/3 mortgagees already under strain and 25% odd have less than a month of buffer savings. NAB already jacked interest only loans 50bps.

2) allowing retirees to park $300,000 tax free into super if they downsize their empty nest. Wow! So sell your $5mn waterfront property so you can park $300k tax free into superannuation. Can see those Mosmanites queue up to move to Punchbowl to retire. Hopefully the $1mn fibro former council shack the Punchbowl pensioner flips will mean they can move to a $500,000 demountable in Casula in order to free up the property market for the first home buyer who is getting stung with higher interest rates, .

3) Australia has a property bubble. The Reserve Bank has recently had an epiphany where they’re afraid to raise rates to crash the housing market and they can’t cut because they’ll fire it up more. Allowing creative superannuation deposit schemes (max $30,000 per person & $15k/year) to help with a deposit only doubles down on encouraging first home buyers to get levered up at the top of the market using a system designed to build a safety net for retirement. When governments start abusing sensible policies in ways it was never designed for then look out for trouble down the line. This doesn’t help first home buyers it just pushes up the hurdle to enter.

4) Australia’s credit rating is on the block. Australia’s main banks are 40% wholesale financed meaning they have to go out into the market unlike Japanese banks which are almost 100% funded by their depositors. Aussie banks could see a rise in their cost of funds which the RBA could do little to avoid. That will put a huge dent in the retail consumption figures.

5) speaking of credit cards. Have people noticed that average credit card limits have not budged in 7 years. If banks are confident in the ability of consumers to repay debt, they’d let out the limits to encourage them to splash out! Not so – see here for more details.

6) Infrastructure – I live in the land of big infrastructure. Jobs creation schemes which mostly never recover the costs – especially regional rail. The Sydney-Melbourne bullet train makes absolute sense. We only need look at the submarines to know that waste will be a reality.

7) small business – tax concessions of $20,000 not much to write home about. Small businesses thrive on a robust economy which is unlikely to occur given the backdrop. Once again this budget is based on rosy assumptions and you can bet your bottom dollar Australia won’t be back in surplus by 2021.

Some  media are talking of Turnbull & Morrison stealing the thunder of the Labor Party, providing a budget more akin to their platform. Sadly I disagree that this legitimizes Turnbull. It totally alienates his base, what is left of it. Tax the rich, give to the poor. Moreover voters see through the veneer. The stench of the Coalition is so on the nose that without ditching Turnbull they have no chance of keeping office. Labor is not much better and One Nation and other independents will hoover up disaffected voters by effectively letting the others dance around the petty identity political correctness nonsense.

In the end the McTurnbull Burger meal will look like the usual finished product which resembles nothing like the picture you see on the menu. A flattened combination of squished mush, soggy over-salted fries and a large Coke where the cup is 90% ice. Yep, the Coalition has spat between your buns too. This is a meal that won’t get voters queuing up for more. Well at least we know Turnbull remembers that smiles and selfies are free after all ‘he’s lovin’ it‘! After all virtue signaling is all that matters. All this to arrest some shoddy poll numbers which will unlikely last more than one week.