Adventure Ausrama Blog

Australia's attempt at a fast broadband network has failed. NBN is absolute negative investment. broadband copper ◘1 nbn up we australia's at am it aged australia's news australia's an ◘1 Australia's National Broadband Network (NBN) is a failure. Well, I did tell the government that before they put capital into it. Like all politicians they think they know best, when many have never held down a "proper" job. It was obvious that new tech would make the old obsolete.    ◙2 nbn absolute a failure australia's ok investment to or ◙2 The Liberal Government f..... it up. It was they who chose to use the old copper : a network constructed more than a century ago. It is now that Labor can hold its head high and tell everyone we were putting fibre to the house when the policy road was changed - even though it became a waste of taxpayer funds.  ⦿3 investment failure up to absolute investment ⦿3 Telstra lies to us. ADSL is now called ADSL2. This is bl...

Banks are to significantly cut the return on money invested. This is not surprising considering the Reserve Bank of Australia (RBA) is cutting interest rates. As the banks follow the RBA down, which they are not obliged to do, they must cut outgoings on term deposits for example. Considering banks make 60 per cent of their funds from various savings products, it is no wonder cutting what they pay out is on the horizon. If rates fall much lower people will be drawing out their savings and hiding their "loot" under the bed. Customers are borrowing less because the bar for loans has been pushed too high. Well, perhaps that is a good thing. Australians were condemned for not saving enough; now they are criticized for not borrowing enough. With an election date already set the government will push for full RBA flow - ons in the popular media. This does not look good for retirees who rely on money put aside in investments for their retirement. Money is getting cheaper in ...