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Speed of Light Broadband for Australia

Netflix came to Australia and within a few months the entertainment landscape changed. All of the major free-to-air televisions stations now offer movie and program downloads at an exceedingly low monthly rate. Foxtel reduced the prices of some of its packages by 60 per cent. The Internet market per se is about to be hit as well.

MyRepublic is coming to Australia. It has heavily condemned Telstra for its lacklustre provision of broadband Internet via the National Broadband Network (NBN). The Singaporean company will invest in its own network and provide super-fast broadband at prices lower than Telstra. The offer of 100 megabit per second at $80 a month is at the low end of Telstra much slower offer. The copper to homes from the node will hamper Telstra Mr Rodrigues of My Republic says. He says the government has been lying all along about the NBN's ultimate speed.

Just about every Australian believes that the NBN rollout is a mess. It is the target of ongoing jokes with, "Have you go the NBN yet." "No, but the neighbours have it and I should get it in 10 years." Fibre to the home is MyRepublic's business motto that it will never give up. It will offer fibre all the way for free.

The government say the final speed will be 20Mbps. MyRepublic says it will be far less than that. With many ADSL2 customers already getting 25Mbps it is mot really a beneficial investment at all! Australia will be well down the list when the international minimum speed is set at 50Mbps. Disagreeing with Mr Rodriques' claims will not make them go away, particularly if they are the truth.

Telstra says MyRepublic will probably move the nodes closer to homes. The "feet stuck in mud" telecom giant says it will not do this because the government will not give them more money. How often do we see former market leaders end up on the scrap heap of history?

Yeah, saying the goal is the supply of faster Internet to the majority of Australians sounds marvellous, but individual Australians only care about the minimum speed.

◆ Technology by Ty Buchanan ◆

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The Australian Securities and Investment Commission (ASIC) Should Not Interfer in the Market

Was the Australian Securities and Investment Commission (ASIC) set up to improve business or just be a nuisance to operations. Its job should be to police the industry and make things run smoothly. However, putting one's nose in when it is not needed is not the best thing to do.

The mining boom is coming to an end as the Chinese economy pulls back from high growth due to wages rising thus demand falling. Companies are looking to move to other Asian countries where labor is cheaper. Australian mining companies are looking to become producers of other things such as technology.

With this move comes threats from ASIC for the miners to keep their noses clean. Apparently they must inform shareholders before they buy tech companies. We have not reached a point yet where shareholders manage companies. Surely, it is up to the CEO and the board to set future company developments and intentions.

ASIC is making accusations that mining companies are "cooking the books" while buying up tech companies. It has said that miners must not use backdoor listing to hide purchases. ASIC is watching Minerals Corporation Limited, InterMet, Nemex, MacroEnergy and Latin Gold.

Surely, with ASIC already making its claims open, shareholders already know what is going on - normal business behavior. Changing business models is not an area ASIC should be watching. This is nothing to do with ASIC. It should stick to asset valuation and financial reporting. It is ridiculous to monitor how capital will be raised. Interfering in the market just distorts it.

Economics by Ty Buchanan

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Australian Prime Minister Totally Wrong Saying Australia Was "Empty"

There isn't much doubt that we have the most "out of touch" prime minister in Australian history. He goes oversees and visits world leaders and says absolutely stupid things. It makes you wonder if he lives in the same world as everyone else.

He blatantly believes that he didn't lie about what he would do if he won office. He has gone full circle and made cuts to areas he said he would not change. He takes voters for granted thinking they are as stupid as he is.

Again, he has made a statement that the majority of Australians know to be untrue. He said Australia was unsettled when Europeans arrived. Color blindness seems to be one of his flaws.

Suggesting that British investment made Australia what it is today is applying modern theory to times when economic theory was in its infancy. There was little understanding of investment in those days. Anyway, Britain's investment was really more people, unwanted in their homeland. The only real investment was in the police force that did cost a great deal.

Admittedly, white people brought industrious ideas with them and they were responsible for growth in the economy by hard work and toil. Australia is a harsh land and back breaking effort was required to survive. They just applied European ideas to a land that had the Aboriginal culture which was not economically based. Given time, Aboriginals would have caught up if they had continued to have the land to themselves.

Economics by Ty Buchanan

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Individual Solar Power Systems Will Replace Power Stations

So the energy companies have Australians by the "..." in regard to charging what they like for electricity? This may be fact now but in a few years the tables will be turned. By 2018 the cost of off-grid power will be on par with charges by electricity producers and distributors.

Battery storage from solar generators will be adopted by people living in the bush. Some are so far away from the main grid that they do not have an electricity connection at all. The methods they find cost effective will be copied by city people. There are varied methods and combinations so choices can be made.

Rural towns could pool resources and create a generating system for the whole town. They will have to solve the problem of the unevenness of power flow to households which results in failing TVs, fridges and washing machines first though.

Because of costs saved from higher scale production those in higher populated centers could set up non-carbon electricity system cheaper, so hobbyists and experimenters could be first to go off-grid.

With this trend, the part-privatization of electricity by allowing another level of distributors into the market will prove to be a problem. These distributors will face falling profits and cost cutting could begin. The average consumer could face lower charges.

Non-carbon energy methods no longer need government subsidies. They are now cost effective. Indeed, set up costs are falling very rapidly. Increases in recent electricity charges due to generating companies repairing old infrastructure could be money wasted. The new electricity poles could be left standing with no active wiring in the very near future.

Conservation by Ty Buchanan

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The Prime Minister Who Killed Holden

Tony Abbot said that he would like to be known as the "development" prime minister. With the deficit that the Australian Coalition government aims to reduce as soon as possible, this simply cannot happen. Investment on roads, schools and hospitals takes cash that Australia does not have. Just how he planned to invest and save is a mystery.

Legacies cannot be planned. They happen due to one's behavior and circumstances that cannot be controlled. Planning the future particularly your own is difficult. Of course he stopped the boats by being ruthless and taking action that has infuriated our neighbor, Indonesia. This always was a dangerous course of action. Diplomatically it is an absolute mess with future repercussions unknown.

What is certain is that he will be known as the prime minister who killed the Australian automotive industry. Blaming labor costs is tunnel vision on his part. Other input costs are high: a strong currency, power costs, transport, storage, rents, council rates and many other expensive variables. Sadly, he ended production of the Australian car - the Holden. Many may not forgive him for this.

First made in the middle of the last century from an American design, the car truly was an Australian icon that people were proud of. Racing events involved the struggle between the two giants of the motor industry: General Motors Holden and Ford. People were fanatical about it.

Unfortunately, skills will be lost forever as Australian manufacturing downsizes into short run production which is uneconomical. Prime Minister Tony Abbott should understand the truth. An input of money could have saved the Australian motor industry. Furthermore, immediate spending cutbacks can only lead to one thing - recession. As spending power decreases, so does GNP.

Economics by Ty Buchanan

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High Rents Put Pressure on Low-Income Earners and the Poor

A fall in house prices is a good thing for first home buyers, but it puts a squeeze on the rental market. With lower property values investors invest in other things, the bank or the share market. You would think that rents would move up and down with the price of housing, believing that monthly rents are tied to monthly mortgage repayments. This is a generality that is not always true.

The reality is that as house prices fall, rents go up as investment to built more rental properties declines. In Canberra rents increased by 2.2 per cent last year. Perth continues to experience a drain of money to mining areas from Perth city itself. Consequently, new rental properties have not been built and rents have also increased.

Those on low incomes who do not earn enough to get a mortgage are at the mercy of the rental market. As rents rise they have to pay more. Furthermore, students from poor families cannot afford to pay high rents.

Despite the mining boom in Australia, many are doing it tough. Unemployment in the non-mining sectors is starting to rise. A high Aussie dollars makes it difficult for manufacturing to compete. The big question is: Should Government support non-mining industries?" Economic rationalist would say no. The market should determine who should survive and who should go under. Nonetheless, pensioners have rents subsidized. Should this support be taken away?