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A modest but purposeful start
PUBLISHED: 13 May 2014 20:22:12 | UPDATED: 14 May 2014 20:23:13PUBLISHED: 14 May 2014 PRINT EDITION: 14 May 2014The Australian Financial Review
Prosperity is not a gift, Joe Hockey told the Australian people in his first budget speech. Prosperity needs to be earned, he told an audience which has in fact become one of the most prosperous on earth thanks to the luck of its China boom. But that luck is coming off the boil, so the Treasurer rightly insists all Australians have to "contribute'' to this prosperity by giving up a bit now. And they also have to take part in sustaining prosperity, such as through new roads and railways, world class universities and a new medical research endowment. Australia needs to redefine the role of government in people's lives, Mr Hockey, suggested, by replacing the age of entitlement with an age of opportunity.
These are fine sentiments. And Mr Hockey's first budget makes a purposeful but modest start to securing Australian prosperity. His first go at repairing the fiscal damage left by two Labor governments includes genuine reductions in middle-class welfare and launches ground-breaking reforms of the higher education sector to promote excellence and much-needed competition among our universities. It clearly fits into a broader second-term plan to shift more responsibilities to the states – such as for health and schools – along with tax reform.
But Mr Hockey is only gradually filling in the hole left in the nation's finances, and much of this involves not going ahead with envisaged big increases in foreign aid. That leaves the budget strategy and the economy vulnerable to future shocks such as a serious slowdown in China. The surgery being applied so far is far less rapid than Peter Costello's first budget in 1996.
This is partly because the government is boxed in by the assurances that Tony Abbott made during the election campaign not to touch some areas of policy, and indeed to continue Labor spending on education, disability and health. Mr Abbott is keeping his promise to retain Labor's expensive programs for schools and hospitals for the next few years. But, from 2017 and 2018, federal grants to the states will be cut, putting pressure on the states to agree to tax reform, specifically an increase in the 10 per cent goods and services tax that would give them more revenue to match their spending.
Yet this gameplan does not extend to getting the federal budget back into the black quickly enough. Mr Hockey's budget strategy aims to get close to balance by 2018-2019 and to achieve a surplus of 1 per cent of gross domestic product by 2024-25. This remains a modest ambition for fixing a supposed budget emergency and implies a gradual rate of fiscal consolidation equal to 0.6 per cent of GDP a year. Thankfully, most of this will come through spending cuts rather than tax increases.
Yet this is all founded on some brave assumptions about the economy, including another 10 years of unbroken growth, buoyed by a roads and rail infrastructure program. That would add up to what the budget papers themselves admit would be an unprecedented 34-year uninterrupted stretch of expansion.
The fall in commodity export prices and the terms of trade from their rapid highs would be gradual. As the budget's own analysis shows, there is a one-in-three chance that the budget bottom line does not improve at all over the next four years. Even if this bad case is avoided, the budget makes no attempt to actually meet the government's own fiscal rules of achieving a surplus on average over the economic cycle.
So, while the government's agenda is genuinely radical, this is not a radical budget nor one that imposes harsh austerity. Nor is it a budget of broken promises. The temporary 2 per cent increase in the top income tax rate is bad policy, for it amounts to a retreat on tax reform. But it is not a breach of electoral faith. Yet, to succeed, the gradualism of the Abbott government's radical agenda will depend on Australia's brilliant luck holding for another decade and surely require other stalled reforms, such as to the labour market, to be quickly ramped up.
The Australian Financial Review
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People | Joe Hockey |
Topics | Economy, Politics /Federal Politics |


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Registration takes less than 1 minute.
Matson will expand into Alaska while Pasha will acquire Horizon's Hawaii business.
NIT League questions the right of carriers to immediately implement congestion surcharges.
In Oakland, the port has seen a higher number of ships at anchor, and ships are off schedule from Los Angeles.
Sales, hiring and capital expenditures are expected to rise, according to a Business Roundtable survey.
Congressional watchdog agency told Senate lawmakers that FMCSA should enhance its Safety Measurement System for motor carriers.
Containers in stack at Centerm contained trichloroisocyanuric acid, according to the terminal operator.

subset: commoncrawl


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Special Correspondent
Governor launches six cosmetic products from KSDL
KSDL offers farmers sandalwood saplings
at a discount
It plans to diversify from the sandalwood domain
BANGALORE: Karnataka Soaps and Detergent Limited (KSDL) on Monday launched six new cosmetic products in the market.
Governor Rameshwar Thakur, who launched the products at a function at the Banquet Hall of Raj Bhavan, said KSDL was the only soap-making public sector undertaking in the country, and that it had been making profits for the last few years. Despite stiff competition from multinational companies, KSDL has been able to sustain itself because of its high standards of quality and credibility and confidence that it has been able to win from consumers, he said.
The Governor launched Wave (turmeric soap) targeted at women between 18 and 30 years. It is priced at Rs. 14 a bar. Other products launched by the Governor were Wave (herbal liquid hand wash), Mysore Rose Soap, Mysore Sandal Oil, Mysore Sandals Agarbatties and Nutriko (cooking and hair care).
KSDL, which had an accumulated loss of nearly Rs. 100 crore, has made an impressive turnaround. The company is now poised to make a profit of Rs. 6 crore in the current fiscal, Mr. Thakur said.
The company has been facing severe scarcity of procurement of sandalwood. To overcome this problem, it has been encouraging planting of sandalwood saplings under "grow more sandal" scheme. In order to reduce its dependence on sandalwood oil-based products, the company has new diversification plans and launching of new products was a step in the right direction, the Governor said.
B.H. Anil Kumar, Managing Director, KSDL, said farmers have been offered sandalwood saplings at a discounted price.
The company has entered into a strategic tie-up with Bharat Petroleum Corporation Limited and India Oil Corporation Limited to market its products at their petrol outlets.
Through this tie-up, the company has access to 75 million homes to satisfy their requirements of toilet soaps, detergents, agarbatties and cosmetics, he said.
Rubber Cooperative Limited (RUBCO) of Kerala has also entered into a tie-up with KSDL for marketing the products of RUBCO across the country, Mr. Kumar said.
V.P. Baligar, Principal Secretary, Infrastructure and Commerce and Industries Department, welcomed and recalled the history of the company.


text: TOP 10 Top 10 Better Man What Would Ryan Lochte Do? Back to Top ▲ What Would Ryan Lochte Do? 1 He Tweets Share on Facebook Share on Twitter 0 Shares There's no better way for us to explain why we love Ryan Lochte than by just letting him speak for himself -- the man's gold, solid gold. TOP 7 6 5 4 3 2 1 Comments Show Comments More Like This Promoted Around the Web Special Features


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From Wikipedia, the free encyclopedia - View original article
"Danger, Will Robinson!" is a catchphrase from the 1960s' American television series Lost in Space spoken by voice actor Dick Tufeld. The Robot (played in body by Bob May), acting as a surrogate guardian, says this to young Will Robinson (portrayed by Bill Mumy) when the boy is unaware of an impending threat. In everyday use, the phrase warns someone that they are about to make a mistake or that they are overlooking something. The phrase is also used in hacker culture.
When given in person, the vocal klaxon is sometimes accompanied by oscillation of the speaker's arms, parodying the Robot's body language.
Despite the popularity of the phrase, it was said only once on the show. This was during episode 11 of season 3 "The Deadliest of the Species". The Robot gave warnings intermittently to Will and the other crew members of the Jupiter 2, in the form of the expressions "Warning!" and "Danger!"
The official studio website (which no longer exists) for the 1998 Lost in Space feature film was www.dangerwillrobinson.com.[1]


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Homeland Security's Office of Inspector General, the agency that should be investigating the Colombia prostitute scandal, is itself being probed. By Aram Roston.
read more
The acting inspector general of the Department of Homeland Security has announced he will launch a separate investigation into the Secret Service prostitution scandal. The "field work is beginning immediately," acting Inspector Gene... Read Post
Thirteen employees of the U.S. Secret Service were entangled in a prostitution scandal in Colombia earlier this year but their actions did not compromise the safety of the president, a Department of Homeland Security investigation f... Read Post
A fourth congressional committee will look into the Secret Service prostitution scandal in Colombia, joining the acting inspector general of the Department of Homeland Security as well as internal reviews by the agency, the military... Read Post


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T-Pain - Speakers Going Hammer
Speakers Going Hammer T-Pain
Give Speakers Going Hammer a spin - it's the latest release from T-Pain, having dropped on Wednesday, November 24th, 2010.
Listen to Speakers Going Hammer, the new track by T-Pain, which was dropped on Wednesday, November 24th, 2010. T-Pain's odds keep getting better with each new leak, and Speakers Going Hammer will undoubtedly improve his chances of winning. It's a worthy addition to a respectable catalogue that has seen a lot of growth since T-Pain debuted in this game. We're looking forward to the follow-up.
Hear more of T-Pain on Like a G6 (T-Mix). Check out T-Pain's profile page for the most recent info, news, songs, and mixtapes.
Let us know what you think, folks.


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IBI's research & MI practice provides clients with practical market assessments, competitive intelligence, benchmarking and strategic growth recommendations based on real-time feedback from key industry and market participants in the clients' target geographies in Asia.
Read moreIBI's specialist Asia Pacific management advisory practice, IBI Consulting, has a suite of services specifically designed to help managers of client companies overcome the challenges of operating in Asian markets by minimising risks, saving time and maximising profits.
Read moreIBI's search services practice helps identify middle to senior management executives for business development and market management roles in Asia Pacific countries. Our search services portfolio also includes business partner search services for new geographies.
Read more© 2012 IBI Research & Consulting Group Ltd. All rights reserved.


text:
Halsted Street
Whole Foods To Open Store In Englewood
As part of the city's strategy to eliminate so-called "food deserts" in Chicago, City Hall has reached an agreement with Whole Foods to bring an 18,000-square-foot grocery store in the Englewood neighborhood.
Man Charged With May Shooting Death In West Pullman
Roman Forman, 25, faces one count of first-degree murder in connection with the shooting death of 25-year-old Freddie Walton.
Retail Workers Take Fight For $15 Wage To Whole Foods
About 15 employees of Whole Foods – and a few dozen supporters – demonstrated outside the Whole Foods store on Halsted Street in Lakeview on Wednesday, calling for better pay, and an end to what they believe is unfair policies.
Street Vendor Shot And Killed At Gas Station Near I-57
A street vendor was shot and killed early Tuesday at a gas station near an exit ramp from Interstate 57 in the Washington Heights neighborhood.
7 Hurt In Auburn-Gresham Crash Involving Police Car
Seven people, including two Chicago police officers, were hurt in a three-vehicle crash in Auburn-Gresham on Thursday, as the officers responded to a shooting.
Cops Find Guns, Drugs While Arresting Man For Threatening Girlfriend
Police arresting a West Side man for threatening his girlfriend with a gun Saturday night discovered assault weapons and drugs at his home.
9 Wounded In Weekend Shootings
Nine people have been wounded in shootings across the city since Friday night, police said.
Firefighter Hurt During Extra-Alarm Fire On South Side
One firefighter was hurt battling an extra-alarm blaze at an abandoned New City factory that made parade floats Monday night on the South Side.
Man Shot Dead Inside His Car In Auburn Gresham
A man was shot dead in the South Side Auburn Gresham neighborhood Wednesday night, authorities said.
'Legacy Walk' In Lakeview Honors LGBT Community
You can get an education simply by walking up Halsted Street in the Lakeview neighborhood on the North Side, thanks to the newly-dedicated "Legacy Walk."
Woman Sexually Assaulted On Waveland Avenue In East Lakeview
A woman was sexually assaulted early Thursday in the East Lakeview neighborhood – on the densely-populated stretch of Waveland Avenue between Wrigley Field and Boystown.
Organizer: Go To Uptown To Watch Gay Pride Parade
As you've no doubt heard by now, big changes are in store for the Gay Pride Parade this Sunday – and organizers are urging spectators to camp out on the new Uptown leg of the route.
Deer Occupies Enclosed Vacant Lot On Halsted Street
A deer has been holding court in a vacant lot in the Lincoln Park neighborhood for the past two days now.
Fullerton Avenue To Close All Day Saturday As Children's Memorial Moves
A full 130 years after opening its first facility in the Lincoln Park neighborhood, Children's Memorial Hospital is leaving the neighborhood behind for a shiny new facility in Streeterville.
8 Shot During Overnight Hours On South, West Sides
Another violent night on the streets of Chicago has sent eight people – including two teenage boys – to the hospital.
2 Cops Among 9 Hurt When Squad Car Hits CTA Bus
A CTA driver was critically injured and eight other people were hurt early Sunday in a chain-reaction crash on the South Side that involveda bus, a squad car and other vehicles.
McCarthy Confident Police Can Handle NATO Protests
Police Supt. Garry McCarthy said Wednesday that Chicago police officers assigned to NATO protest duty have passed their first test ahead of this weekend's NATO summit.
Retail-Apartment Development Moving Forward Near Boystown IHOP
A proposed retail and apartment complex in Boystown still isn't sitting well with its neighbors.
Woman Charged With DUI In Fatal Crash In Englewood
A 28-year-old woman has been charged with drunk driving in a crash that killed a young mother in the Englewood neighborhood on Friday.
28-Year-Old Mother Killed In Crash On South Halsted Street
One woman was killed and three others were injured early Friday in a crash that closed busy South Halsted Street in the Hamilton Park neighborhood.


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North West
Parents: Kim Kardashian West and Kanye West
Kanye's lady Kim Kardashian West may have denied rumors that they couple were going to name their baby North West initially, and also maybe we just didn't want to believe it. Nonetheless when the day came, they announced their daughter's name was indeed North. West.
It may sound like a compass point to most of us, but KimYe revealed that the inspiration behind the name was to symbolize their "highest point together".
Blue Ivy Carter
Parents: Jay Z and Beyonce Knowles
Blue Ivy is not the most normal of names to give your child, but if your parents are Jay Z and Bey, then you know it had to be something special.
The reasons behind the choice hasn't been fully explained, but there are plenty of theories. Rumors say that blue is Jay's favorite color as noted from his rap in "Go Crazy" with Young Jeezy, "My favorite hue is Jay-Z blue". The number 4 is also important to both Bey (she did have an album named after it) and Jigga, and in roman numerals it is IV, which may have made up the second part of the name.
If you want a real conspiracy behind the name, Blue Ivy backwards is Eulb Yvi, Latin for Lucifer's Daughter. Mr and Mrs Carter are so protective over the name, they have even trademarked it.
King Cairo Stevenson
Parents: Tyga and Blac Chyna
At just 22, Tyga and his girlfriend welcomed their baby boy, King Cairo Stevenson. Perhaps the only thing regular about this little guy's is his surname, otherwise he's pretty much treated like royalty. You only have to look at his first birthday in which King Cairo was treated to a Mickey Mouse Clubhouse experience and given a mini black matte Lamborghini and gray Range Rover as gifts.
Egypt Dauode Dean
Parents: Alicia Keys and Swiss Beatz
Countries and locations seem to be a favorite when it comes to the baby names of rappers. Out of all the world's countries, Alicia Keys and Swiss Beatz chose to name their son Egypt. The inspiration behind the name came from Alicia Keys' trip to Egypt when she was undergoing a lot of change. Enjoying the Nile, the tombs, the pyramid, both Swiss and Keys felt that it would be an awesome name, yes really.
Cali Dream
Parents: The Game and Tiffney Cambridge
The Game loves California so much that he had to name his little girl Cali Dream. The rapper gets much kudos for giving his adorable little girl this unique name even if it is kinda cray.
Future Zahir Wilburn
Parents: Ciara and Future
Recently Future and Ciara welcomed their new baby boy. What they named him was a surprise to many of us, as they gave him his daddy's rap moniker as a real name. Yes, Future. We're not sure if the couple thought this through when thinking about how much confusion this may cause when Ciara shouts for her man or baby boy!
Mars Merkaba
Parents: Jay Electronica and Erykah Badu
One thing we're sure of is that Erykah Badu has a knack for picking some very odd names for her children, with other children named Seven Sirius and Puma Sabti. It therefore should come as no surprise that Badu and Electronica made the list with their addition of Mars Merkaba, born in 2009. It could have been worse though. Initial rumors claimed that the child was to be named Twitty Milk.
Messiah Ya'Majesty
Parents: T.I and Tiny
T.I also known as the King of the South, chose to boastfully name his eldest son Messiah Ya'Majesty. Though he's never explained why, it seems that T.I. considers his blood as royalty. Last year Messiah celebrated his 13th birthday, and there's no doubt that his name carries a lot of weight to how he is treated. Messiah's lavish birthday party was completed with a cake which looked like Egyptian pyramids with "Ya Majesty" written across the middle.
Moroccan and Monroe Cannon
Parents: Mariah Carey and Nick Cannon
These two are fraternal twins. Monroe may not be the worst baby name on this list, but Moroccan is just weird. Naming a child after a nationality? Why? Apparently it is because Nick proposed to Mariah in a "Moroccan-style" room. Hopefully he doesn't run into any classroom bullying, but, then again, if your Mama is Mariah Carey, you probably won't be having any problems.
Bamboo Patton and Cross Patton
Parents: Sherlita Patton (to Cross only) and Big Boi
Symbols and types of wood are not usual choices for naming your children, but for Big Boi it was. Fortunately, when it came to naming his daughter, he reigned in the craziness and went for something more simple, Jordan.
Karma Bridges
Parents: Ludacris and Christine White
Back before Ludacris started having more serious baby mama drama, his then-partner gave birth to a daughter who they named Karma. Karma may be one of those life lessons to live by, but as a name it's a lot of weight on this young girl's shoulders. "What goes around, comes around" will forever follow her.
King Coy Deel
Parents: DMX and Tashera Simmons
We may not know too much DMX's son King Coy Deel, but we do know he got a rough deal on his name. DMX was just another rapper who was inspired to name his child after a royalty. But we all know that X is hella crazy, so we can't be too surprised.
Phoenix Blackfeather
Parents: Yelawolf and Fefe Dobson
Yela's naming choice is no doubt influenced by his Cherokee descent. But you have to admit it's a bit of an odd name when you hear that Phoenix's older brother is simply named Tariq. Unfortunately both of Yelawolf's children have been given the Blackfeather middle name, sentenced to much teasing for the rest of their lives.
Royal Reign
Parents: Lil Kim and Mr Papers
Lil Kim very recently gave birth to a precious little girl. So precious that she decided to name her Royal Reign. Unique it is, and definitely fit for a princess. From the start of her pregnancy, "Everything had a royal twist" (Touch Magazine), which was also the theme of her baby shower.
Rocket Ayer Williams
Parents: Pharrell Williams and Helen Lasichanh
Pharrell and his lady sure did some hard thinking when it came to naming their son.
He told Oprah, "In the same way that the Indians name their children like behind a force or an animal or an element, we named him after a manmade machine that was meant to go up. Meant to ascend".
Rocket also refers to some of the songs made by Pharrell's favorite musicians such as Elton John and Stevie Wonder.
We take a look at 15 of the strangest names that rappers have given their offspring.
When a rapper has a kid, you can pretty much guarantee that they won't be opting for those normal, everyday names. The average hip hop artist-- this seems to ring true for your average celebrity as well-- will do their utmost to make sure it is unique


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H is for Home
Elysa over at GenPink, a blog about being a twenty something career-minded girl of the world working to balance work/family while still having a great time with fashion, chasing boys, and all the latest gadgets, asked me to write a guest post today. The topic? I wrote about the first time I stepped foot into my own apartment and how I got started as a single woman long before marriage and my thirties kicked in. It's rather revealing, but it felt good to write about my horrible first apartment experience and the depression I dealt with back at the age of twenty-two and how decorating and a little DIY inspired change.
Read it here. Thank you again Elysa for including me today over at GenPink!
(image from genpink)
Your comments...
Melissa de la Fuente commented
March 10th, 2008 at 6:37pmHolly, I love what you wrote over on elysa's blog. What an inspirational story. I can almost feel your happiness at taking charge and changing the homely to homey. I couldn't agree more that what you put into your home comforts you, inspires you and invigorates you. Thank you for sharing.
ps as someone who has battled roaches in a crappy apartment in the past too I understand all to well! -
katelynjane commented
March 11th, 2008 at 5:19am


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We're interviewing all the time: whether it's for a brand new job, impressing senior management for a new promotion, or competing for your current position during times of organizational change. You may know the intricacies of your position, but the way you present yourself is often of more importance – and lasts longer in the memory of the interviewer – than your competency. Here are five things to keep in mind to set yourself apart and be prepared.
Have an elevator speech prepared. It's a thirty second response that needs to feel off-the-cuff, and should emphasize your experience and personal traits that both make you an excellent candidate for the position, and reveal something of interest about yourself. Start with your business or education credential to set the stage, and be sure to draw in something personal.
Use LinkedIn to build relationships. If you know who will be conducting the interview, be sure to connect with them on LinkedIn so you are completely transparent about yourself. Your profile may have recommendations and information that you didn't have room to fit on your resume. Connecting on LinkedIn also gives you the opportunity to view the interviewer's background, and fish for ways to make a personal connection.
Be informed about the organization. You may know the functions of the position, but do you know the industry and organization you'll be working in? Spend a few hours on the company's website and adjust your language, both in the interview and on your resume, to the company's values, mission, vision and overall culture.
Be confident, prepared, and respectful. You got the interview – that shows you show promise, now it's time to show them who you are! Always err on the side of overdressing, bring multiple copies of your resume, and be on time.
Be prompt with your follow up. After the interview, send a short email to express gratitude for learning more about the organization and position. You can use this note to ask a question that you might not have had time for in the interview. Never ask about salaries in the follow up. Keep a professional tone throughout the process.
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Evaluating Tampa
Submitted by pete on May 1, 2006 - 20:59[b]The Bottom Line[/b]
The Tampa Bay Lightning finished 43-33-6 this season with 92 points, eighth in the Eastern Conference and second in the Southeast Division. In 2003-2004, prior to the lockout, the club finished with 3 more wins but 14 more points in the standings. The Lightning's goal production this year actually improved by 7 goals, but their defense declined by a shocking 68 goals (that is not a typo) and the team actually scored 8 less goals than it allowed this season. The most important number though is 15, as in the 15 less playoff games the team won this season after being eliminated in the first round of the playoffs 4 games to 1 by the Ottawa Senators.
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Evaluating Johnstown
Submitted by pete on April 30, 2006 - 11:10[b]The Bottom Line[/b]
The Johnstown Chiefs finished 30-26-16 with 76 points in 4th place in the American Conference North Division. After sweeping their playoff play-in round against 5th place Trenton 2-0 they were swept by Toledo in the first round of the playoffs 3-0. The year was a marked improvement over the 2004-2005 season when the Chiefs finished 7th in the North Division, out of the playoffs, with a 22-36-14 record and 58 points. The Chiefs offensive production improved this season by 32 goals while their defense relented 15 less goals.
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Evaluating Springfield
Submitted by pete on April 24, 2006 - 18:02[b]The Bottom Line[/b]
The 2005-2006 Springfield Falcons finished with a 28-48-4-3 record for 65 points, which placed the team 6th in the Atlantic Division and 12th of 13 teams in the Eastern Conference a full 20 points out of a playoff spot. The season was a modest 8 point improvement over last year's team which finished 24-47-3-6 with 57 points. At year's end Head Coach Dirk Graham and Assistant Coach Phil Russell were dismissed from the team.
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E-Mail for a Thrashers Homer
To: firstname.lastname@example.com
From: Pete Choquette and the Bolt Prospects.com Staff
Subject: Nice Choke
It's hard to believe the Thrashers, with the might of former HF Top-50 Prospect Garnett Exelby and his obvious greatness in the lineup, could choke so hard when the chips were down. Don't worry, there's always the lottery to look forward to determine when the Thrashers will select the next prospect you'll grossly overrate. Of course, on that day, some of the Lightning's prospects (you know, the ones you regularly abuse your position to take a crap on) will still be playing hockey in the playoffs, not that anyone associated with "Blue Land" (they certainly "blue" tonight didn't they?) would know anything about playoffs.
Hugs and kisses from your pals,
The Bolt Prospects.com Staff
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Will the Lightning Attempt to Sign Smaby for the Playoffs?
Submitted by pete on April 5, 2006 - 22:29Here's an interesting question for you Bolt Prospecteers to try and answer that was asked to me by our web guru Tim:
North Dakota's season, one way or another, will be over by late Saturday night. Hopefully, on that night, Smaby and his Fighting Sioux will be playing in the national championship game against the winner of Wisconsin and Maine. When it's over, will the Lightning attempt to sign Smaby as their #7 or #8 defenseman going into the playoffs? Considering the meager ice time Timo Helbling and Doug O'Brien have gotten with the Lightning's recent injuries, I wouldn't be surprised if they do.
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