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Since October 1995

Saturday 13th January 1996

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International:

The Qantas share plan is in trouble. Its intention to issue a new class of shares for foreign buyers has struck opposition from domestic institutions. Group Chairman Gary Pemberton confirmed yesterday that the company was continuing to seek the views of its major share holders in relation to reserving a possible 49% of the company as foreign shares.

Political:

Ken Davies, the displaced Mundingburra Labor MP, has accused Queensland Premier Wane Goss of lying in a letter that he sent to voters in the electorate in the lead up to the election. The Premier, who has the most to lose, must now be considering his own future as senior party colleagues discuss who "could" replace him in the future.

Business:

Biscuit maker Arnotts Limited has warned of a profit slump just days after the shock resignation of Paul Bourke, the group's managing director.
In other news the Perth court has been told that entrepeneur extraordinaire, Alan Bond's company. Bond Corporation, was desperate for cash when it started dipping into the Au$1 billion cash reserves of the recently acquired Bell Resources Group. It appears that the "until recently" bankrupt businessman is not strapped for a few sheckles himself as a swag of legal advisers and QCs defend him against the case of alleged fraud.

Sport:

The Australian cricket team took the Sri Lankan's to the cleaners in Perth in a day-night match at the WACA (West Australian Cricket Association) ground yesterday. Mark Waugh was in sparkling form his 130 runs part of a 189 run opening stand with captain Mark Taylor (85). The Australians reached 266 before bundling the Sri Lankan team out for less than 200 after the Sri Lankan's had an excellent early start.

Social:

The Federal Attorney, Michael Lavarch, has launched a Au$5 million package aimed at keeping Australian marriages together. Community groups supporting families in stress will be funded to make them more efficient. Under the changes in the Family Court, do-it-yourself divorces will be cheaply and easily accessible.

Global Gripe of the day:

The use of inquiries for Political expediency.
The Federal Government seems set to launch yet another inquiry into the Hindmarsh Island bridge affair. Family Services Minister Rosemary Crowley is expected to announce early next week that a new inquiry will be held into Aboriginal sacred site claims against the bridge project. This move is widely seen and accepted as to serve one purpose - delaying the ridicule that would be heaped on Aboriginal Minister Robert Tickner following a recent ruling by the courts until after the next Federal Election to be held in the first half of this year. Guess who will pay for the Minister's inquiry.. you got it.

Personal trivia:

Spent the day in the city of Brisbane yesterday. It was rather nice to be working in an air conditioned office. Made a change from the global office which can become a bit of a "sweat box" on really hot summer days. The sun is shining again today and earlier I watched awhile from the deck outside our bedroom as the sun rose up the Brisbane river valley which runs from West to East past our house. The rising morning mist mixed in the suns rays created a ghostly effect around the trees standing on the top of the bank opposite our home. The most extraordinary thing about this natural phenomenon was the colour - the mist was transformed to pinks, oranges and yellows in a most splendid and artistic fashion.

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