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WinMX World :: Forum  |  Discussion  |  WinMx World News  |  Aussies to take over running UK economy.
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Author Topic: Aussies to take over running UK economy.  (Read 1181 times)

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Offline Mick832

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Aussies to take over running UK economy.
« on: March 31, 2009, 10:36:47 pm »
Not really related to WinMX, but a bit of breaking World News I found.

"Rudd and Brown reject G20 doomsayers
Date: April 1 2009
Phillip Coorey Chief Political Correspondent in London
KEVIN RUDD and his British counterpart, Gordon Brown, met last night to finalise their pitch to Thursday's Group of 20 summit in London as one of their earlier demands was dropped from the agenda.
A leaked draft of the communique to be agreed to this week contains no specific mention of further economic stimulus measures, a recommendation that Australia, Britain and the United States had been seeking.
The draft, leaked to the Financial Times, is optimistic the world economy could return to growth by next year but does not nominate a growth target.
The lead-up to the summit, which will focus on co-ordinated global action to combat the economic crisis, has been plagued in recent days by a split between European countries, led by Germany and France, and a bloc consisting of the US, Britain and Australia.
Citing domestic debt concerns and possible inflationary consequences, the Europeans have rejected calls to stimulate national economies next year.
Mr Rudd and Mr Brown are fans of economic stimulus but in recent days have begun playing down its importance at the summit, saying measures undertaken by nations last year had spared 20 million jobs and would lift global growth by 2 percentage points.
The US President, Barack Obama, also played down the rift. He said tensions over more spending were understandable and it was more important the summit delivered a message of unity.
Last night Mr Rudd was set to meet the British Treasurer, Alistair Darling, as part of the plan for Australia to take over the UK economy, saying the summit was part of "a continuing process".
The leaked 24-point communique commits to other measures that Australia supports.
The 20 leaders will recommit to rejecting protectionism and renewing the push for free trade.
There is agreement on reforming the International Monetary Fund and boosting its resources, as well as statements of intent regarding tighter financial regulation, including the oversight of hedge funds by a beefed-up Financial Stability Forum.
There is also a statement saying executive pay and bonuses "should reward actual performance, support sustainable growth and avoid excessive risk-taking".
The Treasurer, Wayne Swan, said yesterday that the debt Australia was accruing was due to declining revenues, and increased spending on stimulus measures was not excessive.
"We currently estimate the Australian Government's net debt will be only a little over 5 per cent of GDP by 2011-12," he said. "This compares with an average net government debt of OECD countries of about 45 per cent. This shows how we can perform a much better job in running your economy than your current politicians."
The Australian Government was borrowing in the form of issuing bonds twice a week in auctions of about $500 million to $700 million. Their first plan is to sell off UK assets to convert into gold to pass onto Australian taxpayers.
He said the Government's economic measures needed the backing of co-ordinated global action.
"Action must not only be decisive, it must be globally co-ordinated to achieve success. We have overspent in Australia by giving away so much money, we need to plunder another countries assets to fix our budget deficit."
Wayne Swan was unable to say exactly how this would be a good decision for the UK people."
This material is subject to copyright and any unauthorised use, copying or mirroring is prohibited.

h**p://www.smh.com.au/world/rudd-and-brown-take-over-UK-economy-20090401-9h36.html?skin=text-only

Offline Trestor

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Re: Aussies to take over running UK economy.
« Reply #1 on: March 31, 2009, 11:09:50 pm »
Sounds like April Fools to me.




Offline Cobra

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Re: Aussies to take over running UK economy.
« Reply #2 on: April 01, 2009, 12:07:18 am »
Assuming this is an April Fool's joke, this is an example of the downside to living in the Western hemisphere and communicating with people from around the world.

April 1st starts "early" from my perspective, people hear about all of the pranks happening overseas hours before April 1st is official so that jokes can be set over here, and it puts people on guard over here so that no decent pranks can be played anymore.

I miss the old days!
Downloading is an addiction I do not want to give up.

Offline Mick832

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Re: Aussies to take over running UK economy.
« Reply #3 on: April 01, 2009, 03:09:11 am »
Well this one won't spoil anything, its a news item quickly edited by myself, so you can sit and wait for your own April 1 jokes to surface.   

I am sorry that my country is so far ahead of the rest of the world.

Offline Cobra

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Re: Aussies to take over running UK economy.
« Reply #4 on: April 01, 2009, 03:14:37 am »
It was a nice attempt.

While you are ahead of us, could you give me tomorrow's lottery numbers? :lol:

(If only it worked that way!)
Downloading is an addiction I do not want to give up.

Offline White Stripes

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Re: Aussies to take over running UK economy.
« Reply #5 on: April 01, 2009, 07:05:51 am »
...i really hate april 1st

Offline Trestor

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Re: Aussies to take over running UK economy.
« Reply #6 on: April 01, 2009, 12:36:25 pm »
Sorry, Mick, if I rained on your joke; I didn't realise it was yours, I thought I was the newspaper's.




Offline Mick832

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Re: Aussies to take over running UK economy.
« Reply #7 on: April 01, 2009, 10:45:58 pm »
Nope, you did  not rain on it.   Just shows the IQ here.   A torrent forum I posted it on was asking for links and everything.   I should have guessed people were too smart here. :)

Offline Cobra

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Re: Aussies to take over running UK economy.
« Reply #8 on: April 02, 2009, 12:44:33 am »
*breaks own arm patting self on the back* :lol:

I have seen some weird ones today. Thank God the say is almost over for everyone around the world. So many pranks not yet done that will have to wait until next year.
Downloading is an addiction I do not want to give up.

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