The US navy welcomed the most recent addition to its fleet of Virginia-class nuclear-powered submarines yesterday. The USS Mississippi came in a year early and under budget at $2 billion. So instead of building 12 conventional submarines here at a cost of $40bn, why don't we buy 12 from the Americans for $24bn? The added advantage is they will also work.
Julia Gillard and Labor need to understand that socialism will always fail because when the reward is great, the effort to succeed is great. But when government takes all the reward away, no one will try or want to succeed.
UK Chancellor George Osborne has cut the headline rate of corporations’ tax by 1 per cent, which will bring it to 24 per cent from April. Two further cuts in 2013 and 2014 will reduce corporations’ tax to 22 per cent. All without a mining tax.
Indonesia has signed a $470 million contract with Russia to buy six Sukhoi Su-30MK2 jet fighters. So why is Australia squandering $500 million on a flawed aid program for Indonesian schools? If you have the money to burn on military hardware you don't deserve or need foreign aid.