funny day, page-31

Spiderman saw an article in the Telegraph the other day (paper version so don't have a link)

But basically what costello did with the BHP situation was he go a contract that said the head office etc must be in australia & the board must be prominately australain when the BHP Billiton merge happened.

This protected BHP Billiton as an australian company & doesn't alllow for it to be moved. This protects australian tax revenues & jobs.

The article indicated that rudd should do the same with Rio including bringing its base back to aus as with the current world economy why be in US or UK trashed economy's.

I believe Baggins has a point. The gov should be buying up our top 50/100 coy's with cash injections for shares.

a) Its an investment - Shares are cheap, sure flogg in a couple of years when the tied turms to pay for stimulus package or hospitals etc.
They don't need to run the company thats what the boards for.


b) Helps protect australian jobs - could put a clause we will fund provided you don't sack any workers.

c) China will always need comidites & are buying stategically. They are not doing this just to help Aus. So any investment by our gov is secured knowing China needs its supply. Plus we are not talking MMX or any other small time company. Its RIO.

Any way's just another point of view.

Agree they can't run this country

We await some news on OPR as we flick through our latest glossy brochure.