I had one lunatic follow me to the economics thread,suggesting I wanted the manufacturing industry to disappear completely,because Im anti subsidys.
The manufacturing industry in 2009-10 had nett tariff assistance of $6.5 billion as well as a couple of billion in various subsidys,the liberal economic pygmies dont have a clue about what is going on in this country.
I expect Hockey to end this entitlement,but I wont hold my breathe.
These are the sort of ideas that need/needed our support.
SPEAKING at a business forum in Ohio in February, President Barak Obama described the vanadium redox fuel cell battery as ''one of the coolest things I have ever said out loud''.
His use of the word ''cool'' was apt because of what the battery is capable of doing. It is also cool for the high-unemployment state of Ohio because the factory that will make the batteries is to be built there.
What the US President failed to tell his audience, however, and also missing from the factory owner's website, is the fact that the technology allowing the batteries to store industrial-sized volumes of electricity was invented and commercialised in Australia.
But so far, not a cent in royalties or licence fees has been paid, or agreed to be paid in the future, by the manufacturers to the inventor or the university where she works which holds the patents.
