Patrick J. Byrne

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Sep132014

NATIONAL AFFAIRS Nick Minchin tells ADM to try again for GrainCorp

National AffairsSeptember 13, 2014

If Australia’s iconic wheat single-selling desk was dismantled because of corrupt practices by AWB Ltd, then it surely follows that Treasurer Joe Hockey should reject Nick Minchin’s recent proposal that United States grains giant ADM should make a new bid for Australia’s GrainCorp. The grain-growers’ single desk was dismantled after AWB Ltd was found culpable in the oil-for-food scandal, which involved kickbacks to the former Iraqi dictatorship of Saddam Hussein.[1] Nick Minchin (left) and Joe Hockey ADM, or Archer Daniels Midland, “has a long history of corrupt price-fixing”, according to Max Baker, lecturer in accounting at the University of Sydney…

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Aug302014

ECONOMIC AFFAIRS Minimum wage is the cornerstone of the family wage

EconomicsAugust 30, 2014

The United States minimum wage is not the cause of high unemployment among American blacks, nor are large amounts of government-to-government aid being siphoned off today by corrupt leaders in developing nations, as claimed by Hal G.P. Colebatch. These claims were made in Dr Colebatch’s review in News Weekly (August 16, 2014) of Jason L. Riley’s book, Please Stop Helping Us: How Liberals Make It Harder for Blacks to Succeed (New York: Encounter Books, 2014). Income concentration in the United States Mr Riley is a member of the editorial board of the Wall Street Journal.[1] Dr Colebatch praises the radical…

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Aug162014

INTERNATIONAL AFFAIRS Locking up the dogs of war: huge decline in war-related deaths

Foreign Affairs, UncategorizedAugust 16, 2014

Since the fall of the Soviet Union in 1989, war-related deaths have declined dramatically; and since the Second Gulf War of 2003, war-related deaths have been at the lowest level in modern history. This may seem counter-intuitive. The media’s intensive coverage of the horrors of current conflicts give the impression that war is worse than ever, with more armed conflicts, civilian deaths, rapes and human rights violations. Joshua S. Goldstein On this basis, many commentators have argued, particularly after the 9/11 terrorist attacks on the U.S., that the world has been facing a major “clash of civilisations”. Yet…

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RURAL AFFAIRS Rabobank report highlights need for new rural policies

Rural AffairsAugust 2, 2014

Australia won’t become a food bowl to the world or Asia, but it can become the delicatessen to Asia if key issues facing farmers are addressed. Rabobank argued this case in its submission to Barnaby Joyce’s inquiry into agricultural competitiveness. Rabobank is a Dutch-based, cooperative bank that operates in 42 countries, with 92 branches in Australia and New Zealand. It runs client councils to canvas issues facing the farm sector. Much emphasis has been placed on Australia becoming a food bowl to Asia and to the world. Indeed, global food production is expected to increase 70 per cent by 2050…

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