SA Economy

[rubberman]

Interest rates in the 1990s were in double figures

I wonder if there were bankruptcies then too?

Could they be connected?

On a per capita basis, SA is doing far better than NSW, Vic and Qld. It has a much lower bankruptcy rate than those. We have 4% of total bankruptcies but 6.7% of the population of Australia.

50% fewer bankruptcies than Australia as a whole. Just the facts.

https://asic.gov.au/about-asic/news-cen ... s-failing/

Power was affordable in the 1990s. Opportunities abound. Nowadays there is no hope for small businesses thanks to spiralling property/rent and energy prices.

Maybe some people just aren't any good at it, and should leave it to people who are.


Bankruptcies are running consistently at half the rate of ten years ago in Australia. Just the facts

[abc]

I wonder if there were bankruptcies then too?

Could they be connected?

On a per capita basis, SA is doing far better than NSW, Vic and Qld. It has a much lower bankruptcy rate than those. We have 4% of total bankruptcies but 6.7% of the population of Australia.

50% fewer bankruptcies than Australia as a whole. Just the facts.

https://asic.gov.au/about-asic/news-cen ... s-failing/

Power was affordable in the 1990s. Opportunities abound. Nowadays there is no hope for small businesses thanks to spiralling property/rent and energy prices.

Maybe some people just aren't any good at it, and should leave it to people who are.


Bankruptcies are running consistently at half the rate of ten years ago in Australia. Just the facts

you're quite a special guy aren't you

[rubberman]

Power was affordable in the 1990s. Opportunities abound. Nowadays there is no hope for small businesses thanks to spiralling property/rent and energy prices.

Maybe some people just aren't any good at it, and should leave it to people who are.


Bankruptcies are running consistently at half the rate of ten years ago in Australia. Just the facts

you're quite a special guy aren't you

Sure, abc.

However, if it's a choice of believing the ABS, or you? Sorry chum.

[abc]

Maybe some people just aren't any good at it, and should leave it to people who are.


Bankruptcies are running consistently at half the rate of ten years ago in Australia. Just the facts

you're quite a special guy aren't you

Sure, abc.

However, if it's a choice of believing the ABS, or you? Sorry chum.

that's not the choice

you can interpret statistics any way you want, that is purely subjective without context

[rubberman]

you're quite a special guy aren't you

Sure, abc.

However, if it's a choice of believing the ABS, or you? Sorry chum.

that's not the choice

you can interpret statistics any way you want, that is purely subjective without context

You can do the same with words if you want.

In both cases, interpreting things 'any way you want', presents difficulties if you want to communicate.

It makes it pretty futile then for you to assert that high power prices are problematic. All anyone has to do is say they interpret any statistics you have to actually prove the opposite.

[abc]

Sure, abc.

However, if it's a choice of believing the ABS, or you? Sorry chum.

that's not the choice

you can interpret statistics any way you want, that is purely subjective without context

You can do the same with words if you want.

In both cases, interpreting things 'any way you want', presents difficulties if you want to communicate.

It makes it pretty futile then for you to assert that high power prices are problematic. All anyone has to do is say they interpret any statistics you have to actually prove the opposite.

sigh...

[Waewick]

https://reneweconomy.com.au/regulator-t ... acity/amp/

I can only assume the 'look another business has gone bust' crowd will be interested in this

[PD2/20]

https://reneweconomy.com.au/regulator-t ... acity/amp/

I can only assume the 'look another business has gone bust' crowd will be interested in this

One of the comments in the disqus thread attached to this item noted that there was a transmission outage that curtailed the output of Pelican Point, Snapper Point and Bolivar to a third of their capacity. These three stations owned respectively by Engie, Nexif and Iberdola would be among the station often active in the evening peak.

[rev]

The reality is if you want an economy to grow and thrive you need a stable, reliable and affordable power supply.
We may not be at severe risk of black outs like we once where, but we are far from having an affordable power supply.

[abc]

The reality is if you want an economy to grow and thrive you need a stable, reliable and affordable power supply.
We may not be at severe risk of black outs like we once where, but we are far from having an affordable power supply.

see what's happening to Germany as evidence...

[rev]

In some better news..

BAE Systems Australia defence company moving headquarters to Adelaide’s Lot Fourteen
A multinational defence firm is moving its headquarters to Adelaide’s Lot Fourteen, in a jobs and skills coup for South Australia.

Paul Starick
Editor At Large
@paulstarick
less than 2 min read
September 30, 2024 - 10:20AM

The defence firm building frigates and nuclear-powered submarines in Adelaide in multi-billion dollar projects, BAE Systems Australia, will establish at head office at Lot Fourteen.

About 500 workers will move to the North Tce site as a cornerstone tenant in the precinct’s Innovation Centre.

Lot Fourteen was established at the ex-Royal Adelaide Hospital site under the former Liberal government as a “world-class innovation district”, featuring defence, space, cyber, tech and creative firms.

Premier Peter Malinauskas on Monday unveiled plans for a new Innovation Centre, with three state and federal government projects totalling $100m joining BAE.

These include a $60m Australian Defence Technologies Academy, $20m Innovation Hub and $20m Space Assembly Integration and Testing facility.

Mr Malinauskas said Hunter class frigates and AUKUS submarines being built by BAE made SA a major defence player on the global stage.

“We must seize this opportunity to lift our state’s research and innovation capabilities, which has a direct impact on our standard of living,” he said.

“BAE basing its headquarters at Lot Fourteen, alongside universities, the Defence Technologies Academy, Innovation Hub, space industry and other innovative businesses makes perfect sense.

“Our innovation places are key to achieving our ambitions. It is about taking the lead to establish and nurture the right environments that foster collaboration and drive economic complexity, creating new, highly skilled jobs.”

BAE Systems Australia chief executive Craig Lockhart said the headquarters at Lot Fourteen would complement the company’s other SA operations at Osborne and Edinburgh Parks.

“Over the next 12 months we expect to recruit 800 new employees across our operations, and Lot Fourteen is a key enabler to achieving our growth ambitions,” he said.

“As we continue to grow in South Australia and find ways to enhance employee attraction and retention, it’s important we offer a workspace that inspires our teams, fosters creativity and creates spaces for our employees to thrive.”

https://www.adelaidenow.com.au/subscrib ... nt-1-SCORE

[SBD]

Does the BAE move involve any extra recruitment, or is it part of moving SA's technology innovation centre from The Levels/Mawson Lakes to Lot 14?

[abc]

"defence firm" lol

all we do is offence

this will get censored...what does that tell you

[Spurdo]

"defence firm" lol

all we do is offence

this will get censored...what does that tell you

Ok Boomer

[mattblack]

"defence firm" lol

all we do is offence

this will get censored...what does that tell you

Sigh.....