"That burger has been there a long time - I must have it!"
Funny Animal Pictures by Ty Buchanan
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
Video Animal
"Hi. Welcome to our first VideoCast. This could be a shock for you, but...."
Funny Animal Pictures by Ty Buchanan
New Catfish Species in Australia
Carfish are fairly mundane creatures. If you are fishing and you hook one thinking it is a big pike you are annoyed when you drag it in, and "drag" it the defining word. They are usually a dead weight on the line.
On the other hand if you are a biologist all animals are of interest. A combined US, Australia team has discovered a new catfish species in North Queensland. It has a tail like an eel, not the usual fish-like tail. Apparently, people knew of its existence for many years and just assumed it was like any other catfish.
Tandanus tropicanus is cylindrical in body shape. It has a large head and tiny eyes. DNA tests showed that the fish is a distinct species. Overall, its body configuration is different from other catfish.
Unlike many catfish it is good to eat. Fishermen have been catching it for many years for food not knowing how unique it was. Despite the accumulation of human knowledge about the world there is a lot we still do not know about nature.
Biology by Ty Buchanan
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