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Sunday 23rd February 1997

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Issues - The banking system under the spotlight.

International:

Seems like Australian supermodel Elle MacPherson wants to start a family and leave her life of broken relationships. Elle broke this confidence while in Perth modelling a new image for Western Australia overseas as a tourist destination.

32 year old Elle said that she was "deeply in love" with her latest boy friend, French financier Arpad Busson, "I've been working for 16 years and I'd really like to have a family. When I have children my life will definately slow down and making films will fit in with having a family as well.

"We've (Arpad Busson and Elle) known each other for quite a few years but out of respect to him I prefer not to talk about him. He's somebody who is very serious about his work and has a lot of responsibilities as well.

"He doesn't choose to be in the public eye and he understands that going out with me he is seen out, but basically he is a very, very private man.

The job in Western Australia has been tough with 3am starts and an alleged attack on a photographer by her bodyguard... The Au$600,000 fee will be used to gain the release of the impounded boat Elle Racing. The boat was impounded after an Au$97,000 pay dispute.

Political:

Independent Member for Oxley, Pauline Hanson, has "run out of steam" according to sacked advisor John Pasquarelli. Pasquarelli has delighted in spilling the beans and beating up his role in Ms Hanson's life while he was her advisor. This latest attack comes as no surprise with his latest comments, "She's lost momentum... it's disappeared. I think the phenomenon is running out of steam.

"The (High Court) stuff that Borbidge is just picking up on now... now she can just echo him. Who listens to an echo?

"In my opinion she cannot hold Oxley without a national profile. Every minister's door is closed to her. She goes back (to the new parliamentary year) worse off than when she came in (last year)."

On the lighter side next Saturday's Gay and Lesbian Mardi Gras will, it appears, feature Ms Hanson quite strongly.

"There is a great possibility that one of the biggest and most prominent entries in the parade will feature Miss Hanson," said Bruce Pollock, spokesman for the Mardi Gras.

"Every year there has been a characterisation of major political figures with quite prominent views in the area."

More than 200 entries and 6,000 people are expected to participate in the event which will be televised by Channel 10 on March 7th at 9.30pm.

Many of the participants are expected to impersonate Ms Hanson with shocking red hair and face masks.

Last word from Ms Hanson who said, "If people want to dress up and look like me, I'll take it as a compliment. I'm quite happy to be in the same company as the people (like Fred Nile and Bronwyn Bishop) who've been parodied in the past."

Business:

Now here's a good one... National Australia Bank's managing director has slammed Australian business standards saying that they were going down the same road as the 1980s. He told the Queensland Congress of the Institute of Chartered Accountants on the Gold Coast that there ssemed to be some "fragility" among some of the businesses in the community.

Mining, recreation and services were good and transport and construction appeared to be turning around but "the real lead in the saddle bags is retailing and manufacturing and we are not optimistic," Argus said.

"On a positive note, the aggregate forward orders index is just a tick above the line and this may be sustainable in the upturn. We believe price pressures will remain subdued at 2% to 3% a year and growth of about 2.75% in 1996-97 before picking up to 3.5% in 1997-98.

Sport:

In the Australian cricket team it is becoming blatantly obvious that selection has nothing to do with performance but everything to do with being "in the right camp". You only have to look at the absolutely abysmal performance of captain Mark Taylor this season who continues to open the Australian batting to realise that selection has nothing to do with your current form.

Take the case of Queenslander Stuart Law who is the captain of the Australia A team. Law has continued to score runs with 1079 in 30 matches at an average of 41.5 with a strike rate of 88. Yesterday he knocked up 93 runs off just 102 balls in a match against New South Wales yet he is being overlooked as the natural batting replacement for a revised Australian team with Matthew Hayden, Matthew Ellliott and Justin Langer probably being sent home to be replaced. Note that Mark Taylor is not amongst those being sent home and that Stuart Law is no natural selection - maybe Taylor fears that Law would show him up and replace him as the Australian captain - and we know who has the ears of the selectors right now!

No wonder then that the Australian cricket team is performing far below its traditional standard with Taylor as captain.

Social:

An interesting little report on how and why Australian are fired or retrenched by industry sector is shown below:

Question: If you terminated new staff in the past three months, what was the main reason for terminating?
SectorRedundancy -
change of direction
Redundancy -
financial cutbacks
Poor PerformanceDidn't have the right skillsMisconduct
Advertising13%10%15%0%0%
Chemical13%8%13%0%2%
Construction
Property
12%13%17%2%2%
Electronics7%7%11%5%0%
Engineering18%7%12%4%0%
Financial Services12%4%16%2%1%
Food16%6%15%5%5%
Government24%25%4%4%2%
Health
Medical
14%18%14%3%0%
Info Technology18%5%17%4%0%
Insurance19%3%9%0%0%
Manufacturing15%12%17%2%3%
Media18%11%19%3%1%
Resources28%10%14%3%2%
Retail13%3%24%5%13%
Services12%4%22%3%6%
Telecommunications11%3%26%2%0%
Tourism12%5%19%2%8%
Transport14%12%15%5%5%
Total Feb-Apr 9716%8%16%3%2%

Personal trivia, from the global office:

Yesterday we bought a small property in Silkstone as the site for future business expansion. It is in an excellent location near the new Ipswich University, bus routes, major shopping centres and closer to the heart of Ipswich.

Beautiful day today with sunny skies and the "troops" the cockatoos and corellas having a ball at the feedtray.


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