Wiki World

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Cat Food

"What do you mean - a change to Own Brand food!"

Funny Animal Pictures by Ty Buchanan

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Oil Found Off Australia's North West Coast

There has always been a belief that Australia's future lies in finding a mineral that is plentiful in the north west of the country. Till now this has not been achieved. Everyone knows that Western Australia is full of iron ore so this is not what they are looking for.

Drilling for many years has just made holes in the ground. Companies have gone over ground already explored before. This is how the latest find was made. There is oil there and in vast quantities. Apache Corp. has made the announcement that was greeted with surprise by some people.

Apache was searching for gas when it made the discovery. Considering Australia's oil production has fallen to its lowest level for forty years this can only be good news.

Income to Western Australia from iron ore has declined due to a fall in Chinese demand. The price for iron ore is down by a third since January. Australia is producing far more ore than it can sell. Coal is not doing well either.

The oil found by Apache is of very high quality so a high price is expected for it when it eventually comes on line. Unfortunately, it could be some time before this happens. Normally developing a new oil field takes decades.

✴ Economics by Ty Buchanan ✴

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Town Cat Meets House Cats

"Spoilt brats."

Funny Animal Photos by Ty Buchanan

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Australian Blog★
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Dangerous Love - Gonorrhoea

Millions of dollars is being spent in HIV research. It is mainly spread by sexual contact. However, venereal diseases in general are being forgotten.

Antibiotics are becoming ineffective in combating venereal diseases. Such infections have been around for thousands of years and there is still no cure. Antibiotics used to "knock it on the head" in the past. This luxury no longer exists.

A serious resistant strain of gonorrhoea is extant in Australia and New Zealand. It has now arrived on our doorstep. A8806 is very similar to H041 which is absolutely untreatable. Different resistant strains have appeared in Japan, the US and Norway.

Because people today are more promiscuous than ever "the clap" is spreading extremely fast. The disease affects the whole body invading mucous membranes such as the sexual organs, eyes and throat. Arthritis, heart infections and meningitis can result.

Most people have serious symptoms. Pain when urinating, bleeding and oozing puss are common. The greatest problem is that some sufferers have no symptoms at all, so they unknowingly keep spreading the disease.

✴ Health by Ty Buchanan ✴

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Tired Cat

"I told you not to wake me up early."

Funny Animal Photos by Ty Buchanan

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Two New Species Carrying Irukandji Found in Australia

It never fails to amaze me how new things are discovered on our doorstep when the majority of people think everything is known about nature. This is particularly true in Australia where a low number of people live on a vast continent. Some places have not even been visited by humans for thousands of years.

Dr Lisa-Ann Gershwin has identified two species of jellyfish that can carry Irukandji syndrome. The new species are Keesingia gigas and Malo bella. Doctor Gershwin works for CSIRO. There are now 16 species that can cause Irukandji.

Keesingia can grow to 50 cm in bell height. This is by far the largest jellyfish. Juvenile leatherjacket fish safely live in its subumbrellar cavity as with the more common medusas.

The two newly documented species have been generally known for some time. However, they have not been found in Australian waters before. They could have been present for a long time or maybe they are new, moving here due to climate change and the warming ocean.

Biology by Ty Buchanan

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Australian Blog★
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Cat?

"I am a cat!"

~ Funny Animal Pictures by Ty Buchanan ~

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Australian Blog★
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Bitcoin is an Asset According to the Australian Tax Office

Everyone thought that bitcoins would remain untraceable and out of the reach of national revenue collections. This belief has proved to be fairyland. The Australian Tax Office now values bitcoins as assets to be included on your yearly income tax form.

If you have millions of these things when there value increases you will have to give part of it to the Australian Tax Office (ATO) if you reside in Australia. Don't think that this is the end - it is just the beginning. Other countries are looking at making bitcoins taxable income.

BitPos an Australian company which arranges an exchange and purchasing service for people dealing in bitcoins say owners have to pay the Goods and Service Tax (GST) on the full value of coins not just on the fee. This is when buying the actual "currency" itself.

Because dealers say bitcoin it is not a currency it opens the door for countries to interpret it as they like. It is possible some jurisdictions will class it as currency and capital investment. Indeed, some countries could make bitcoins illegal. This would throw a spanner in the works.

The ATO has issued a warning to businesses that purchases of goods and services with bitcoins must be recorded in the books and the government is planning to collect GST on it. Essentially, the currency is going to be taxed twice. Banks praise this because bitcoin is a treat to them.

Businesses do not know whether it is legal to charge the GST at the moment. It could be levied on them when they have not collected it from customers. This is a gray legal area at present. Charging for GST when it not yet payable could be classed as price gouging, a trick to charge more.

✴ Economics by Ty Buchanan ✴