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Sharia Law coming to a bank near you

ONE of Australia’s major banks is planning to introduce “Muslim-friendly” loans that do not charge interest, to comply with Sharia law. Instead, the National Australia Bank will structure an Islam-approved line of finance to make money from alternative methods.
For example, to get round the Islamic ban on usury – or unfair lending – a Muslim mortgage often works by the bank buying the property, then selling it to the customer at a profit, with the customer then repaying the entire sum in instalments. In this way the profit margin is built in from the start. It also has the advantage of making the loan immune from future interest rate rises.
I’ve got an idea. Tell people new to Australia that what we do here is charge interest on loans and if you get a loan through a bank, usury doesn’t come into the equation because of competition and government regulations. Some might argue differently but it’s basically true – thus the Islamic ban on unfair lending doesn’t apply. Admittedly it’s a bit different from 12th century finance but it does work.

Try-hard PM

The Prime Minister
WELL, fair shake of a sauce bottle, mate. If you were to compare what this government has done in terms of the promotion of women of talent and ability compared with our predecessors, it is chalk and cheese. We have Deputy Prime Minister Julia Gillard. We have appointed the first woman as Governor-General. Fair shake of the sauce bottle, mate
Well, fair suck of the sauce bottle, mate. If you’re trying to connect with the masses, it worked. They’re all cringing.

Green’s funds redirected

Out of all the doom and gloom lately there is some hope. Bob Green owes Forestry Tasmania $240,000 after a failed legal bid to stop logging in the Wielangta forest in Tasmania’s south-east. If he doesn’t pay in time it would lead to bankruptcy and that would lead to him losing his Senate seat. Now that would be a win-win situation for Tasmania and Australia but we all know that there will be any amount of tree huggers happy to ante up for their hero. Pity. Dick Smith is the first such person to put up his hand. Given that I’m very much into scientific based conservation programmes but very anti the witch-doctor/anti-capitalist based Green’s theories I am disappointed, but at least the exercise will take some money out of the Green’s coffers. Also makes it easier to decide should I go to Dick Smiths or J Car for my e-toys.

Joel Fitzgibbon resigns

It’s one thing to neglect to mention all his gifts, free tickets and accommodation given him by the Chinese and his brother but this is worse. The resignation comes after it was revealed ministerial staff in the defence portfolio instructed a general to attend meetings with his brother at which defence health contracting was discussed. The General and Doctor, Paul Alexander is the head of Defence Health. We had last served together in a Regiment in the West where we got into the habit of having a Guiness on any Friday afternoon we were in Barracks. I only saw him again at this last ANZAC Day reunion and learned of his appointment. And then this. He is a true professional and it worries me that Generals are being forced into compromising ‘conflict of interest’ scenarios by the current mob in power. One would think a Minister of the Crown would know that this type of meeting simply isn’t on but apparently not. I wont miss him and I’m sure the ADF wont either. And then this;
But then Major-General Paul Alexander, who is in charge of defence health services, told a parliamentary committee that staff members of Defence Personnel Minister Warren Snowdon and defence staff told him to attend the meetings attended by Mark Fitzgibbon. General Alexander said he was at a meeting with officials of US health insurer Humana on August 27 last year. Mark Fitzgibbon was at the meeting and appeared to “sponsor” Humana officials, General Alexander said.
Can we start asking questions about Snowdon’s part in the story after all, it appears his staff had input to demanding a General attend a meeting with another Minister’s brother. Don’t tell me Snowdon doesn’t know the brother and what company he represented in that meeting and he must be aware of Alexander’s appointment. Poor show all round.

ADF Savings

Whenever the ALP get into power, shortly thereafter we have historically had a Defence shake up that promises cuts, savings and a better bang for the buck and points out in letters writ large how inefficient the system was under the terrible conservatives. The result of all these shake ups, in my 45 years experience with the Army, has always been a loss of troops and general conditions, although they have been good to us in the salary department. It is an ideological given that officers must bear the brunt of conditions lost under ALP regimes. In the prehistoric times, under Whitlam, one of his left wing advisors pointed out that officers retiring after 20 years service to the country were entitled to one rank above their retirement rank as a thank you for long service to the crown. I always suspected that he was also told that said officers received upgraded superannuation as well, which definitely wasn’t the case. Edicts flashed from Canberra that the practice was to cease and did. That was purely ideologically driven, no ifs or buts, and set the stage for the treatment of those who would aspire to higher rank. If you think Officers don’t like dining with the soldiers then I can tell you the soldiers don’t like dining with the officers either. Who can relax sitting alongside the Colonel, or worse, the General, and how can officers discuss a sensitive issue over lunch in the presence of the troops? It’s very possible that Patrick Walters has it all wrong when he talks of this ‘rationalizing mess facilities’ plan.
The planned shake-up could include rationalising mess facilities, requiring officers to eat with other ranks, as well as rethinking travel policies and reducing senior executive entitlements.
I’m reasonably confident that what they are talking about is having a central kitchen with the traditional Officers, Sergeants and Soldiers dining rooms separate but a part of the main complex. This will save money and it has been a long standing program in the military. To say it is an ALP plan, offered with the “forcing officers to dine with their subordinates – that’ll teach ’em to get uppity” line is simply disingenuous and ideological drivel. The Defence Department has appointed one of its own senior officials, Margot McCarthy, to head up the strategic reform program with the rank of deputy secretary.
Dr McCarthy, who holds a DPhil in English literature from Oxford University, previously worked in the office of Defence secretary Nick Warner.
I’m not sure if Dr McCarthy’s ‘English teacher’ CV bodes well for the reform but I can imagine the final report will be very well written.

Lift your game, guys!

THE Liberals were forced into damage control after politics turned physical for the second time in less than a week with two MPs clashing in the party room. I’m not sure ‘damage control’ is quite right but the question remains – how come the press know about it. Come on you guys – a little bit of discipline please. If you have a tiff keep it in-house.

Well she would, wouldn’t she?

JULIA Gillard is ignoring a request by a cleaning company for her to personally explain how the federal Government’s awards modernisation program will not increase business costs. South Australian family-owned Longford Cleaning, which employs about 70 permanent part-time and casual staff, yesterday told The Australian the changes could result in it losing up to half its clients when a 25 per cent spike in wage costs is passed on from January 1 .
… spokeswoman for Ms Gillard last night refused to answer specific questions from The Australian, including whether Ms Gillard was prepared to meet the company, and would only refer to the ABC interview transcript.

A long way to go

HEALTH officials warned yesterday that as many as four million Australians could eventually catch swine flu. Victoria’s acting chief medical officer, Rosemary Lester, said an eventual infection rate of 20 per cent was a “fair estimate”. “Next year, this may well be the predominant (influenza virus),” she said. With 50 confirmed cases so far there is a long way to go. Does anyone else think we are overreacting just a tad?

Too hard to manage stimulus payments

FEDERAL Opposition Leader Malcolm Turnbull has rejected Government assertions that making $40 million in stimulus payments to dead people and Australians living overseas was unavoidable. The Australian Tax Office says the cost of the tax bonus payments made to 16,000 dead people is likely to exceed $14 million while another $25 million has been sent to about 25,000 Australians living overseas.
Earlier Finance Minister Lindsay Tanner said it was a “ludicrous proposition” to suggest the Government should have ascertained who was dead and who was living overseas before the payments were made. That data was not available at the time and would have taken months to accumulate, he said.
I simply don’t accept that handing out nearly $40 million to deceased estates or people unable to spend the money on the local economy can be dismissed as “too hard” to manage.
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