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        • Today Bitcoin Price at $6,800 USD
        • Pandemic Is Changing BTC Usage in ‘Unexpected Ways’
        • Macropay on Alternative & local payment methods that are reshaping global e-commerce
        • Bank of America is preparing for a flood of Applications to Small-Business Loan
        • Microsoft might be the best tech stock in this market
        • US Airlines To Work Collectively, Consolidate Flights
        • Bank of America maintaining business continuity and protecting the bottom line
        • US long-term mortgage rates drop
        • Bitcoin Price Bulls have been rejected at $7,000
        • Stock Market: 4 Top Stock Trades for Wednesday: NVDA, AVGO, BAC, IQ
        • Stock Market April 2 – Edge Higher; Oil Surges, Bonds Fall, Dollar Rose
        • Chase bank will raise up to $10 billion
          • Bitcoin Price Simply Surged to $6,500 After Over 10% Weekend Crash
          • Today Bitcoin Price at $7,000: BTC Leaps to Retest $7,000
          • Bank of America agreed to allow 50,000 mortgage customers to defer payments
        • Bitcoin Price Prediction April: Three Key Causes Why BTC May Plunge Beneath $5,000
          • Roll up the Sleeves! American Airlines was down -10.34%
          • Mortgage calculator rates today April 2, 2020
          • Mortgage Calculator Small businesses: SB have ‘a million inquiries’ regarding check help loans
          • Bitcoin Price Today April 1 – Bitcoin Takes Tumble
            • With Bank of America card you can request a payment deferral online
              • Bank of America fields 150,000 installment deferral demands
            • Coronavirus – Travel Insurance no cover cancellations
              • Bank of America said it won’t cut any positions
          • Bitcoin Price Today April 2 – BTC rise to $6,700
          • Mortgage calculator rates today March 31, 2020
          • Bitcoin Price Momentum Sign Reverses, Bull Run Lastly Inbound?
          • Bitcoin Price Recovering After a Sharp Decline
          • Fintech News Airbnb – How hosts are fighting back against Covid-19 fallout
          • Market Stock Boeing – Challenging Times Ahead for Boeing Stock
        • Bank of America U.S. Minimum Hourly Wage Reaches $20
          • Bitcoin Price Bulls – is Forming a Bull Cross After Rallying to $6,500
          • P2P Crowdlending – Average Interest Rate 18%
          • $633 Million BTC Transferred For Simply $0.26 Payment
        • Prime ICO Advertising and marketing Companies
        • Bank of America will provide up to $250 million
        • Bank of America VC: You tend to do the wrong thing at the wrong time
          • Bitcoin Price Jump as Coronavirus Curve Begins to Flatten
            • Bitcoin Price Today April 3
            • Bitcoin Price Is Sometimes Bullish in Q2
            • Bitcoin Price Tumble Beneath $ 6,000
            • BTC Price Today 5 | April, 2020
            • Bitcoin Price and S&P 500 – Here’s how much bitcoin beat the Dow and S&P 500 in the first quarter
              • Today Bitcoin Price at $6,600
                • Bitcoin Price Bulls Reaches: “Live or Die”
                • BTC Price Today | 6 April 2020
          • Bank of America sees big year for Microsoft ahead
            • American Airlines coronavirus downgrade
              • Bitcoin Price Rejected $6,600
              • Bitcoin Price Trace It Will Fall to $ 5 K
              • BTC Price Today April 4
                • Stock Market Today 31 March, 2020
              • US Bank Raises $586M Against COVID-19
                • Bank of America’s Solid Liquidity to Help Covid-19 Crisis
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      • Mortgage Calculator – Students Benefits
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      • Mortgage Calculator Modification – What Is?
      • Mortgage Calculator Canada: Rates Are Rising
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        • Mortgage rates today, April 3, 2020 plus reviews
          • cmc currency details
            • cmc exchange details
              • Shortcodes
        • Microsoft Vulnerability: Hundreds of Microsoft Servers Contaminated By Crypto-Mining Botnet Since 2018
          • Cision PR Newswire
          • Coupons – Best websites
            • Aeromexico Rewards Chart
            • Get Avios Points Free
        • Today Bitcoin Price at $6,800 USD
        • Pandemic Is Changing BTC Usage in ‘Unexpected Ways’
        • Macropay on Alternative & local payment methods that are reshaping global e-commerce
        • Bank of America is preparing for a flood of Applications to Small-Business Loan
        • Microsoft might be the best tech stock in this market
        • US Airlines To Work Collectively, Consolidate Flights
        • Bank of America maintaining business continuity and protecting the bottom line
        • US long-term mortgage rates drop
        • Bitcoin Price Bulls have been rejected at $7,000
        • Stock Market: 4 Top Stock Trades for Wednesday: NVDA, AVGO, BAC, IQ
        • Stock Market April 2 – Edge Higher; Oil Surges, Bonds Fall, Dollar Rose
        • Chase bank will raise up to $10 billion
          • Bitcoin Price Simply Surged to $6,500 After Over 10% Weekend Crash
          • Today Bitcoin Price at $7,000: BTC Leaps to Retest $7,000
          • Bank of America agreed to allow 50,000 mortgage customers to defer payments
        • Bitcoin Price Prediction April: Three Key Causes Why BTC May Plunge Beneath $5,000
          • Roll up the Sleeves! American Airlines was down -10.34%
          • Mortgage calculator rates today April 2, 2020
          • Mortgage Calculator Small businesses: SB have ‘a million inquiries’ regarding check help loans
          • Bitcoin Price Today April 1 – Bitcoin Takes Tumble
            • With Bank of America card you can request a payment deferral online
              • Bank of America fields 150,000 installment deferral demands
            • Coronavirus – Travel Insurance no cover cancellations
              • Bank of America said it won’t cut any positions
          • Bitcoin Price Today April 2 – BTC rise to $6,700
          • Mortgage calculator rates today March 31, 2020
          • Bitcoin Price Momentum Sign Reverses, Bull Run Lastly Inbound?
          • Bitcoin Price Recovering After a Sharp Decline
          • Fintech News Airbnb – How hosts are fighting back against Covid-19 fallout
          • Market Stock Boeing – Challenging Times Ahead for Boeing Stock
        • Bank of America U.S. Minimum Hourly Wage Reaches $20
          • Bitcoin Price Bulls – is Forming a Bull Cross After Rallying to $6,500
          • P2P Crowdlending – Average Interest Rate 18%
          • $633 Million BTC Transferred For Simply $0.26 Payment
        • Prime ICO Advertising and marketing Companies
        • Bank of America will provide up to $250 million
        • Bank of America VC: You tend to do the wrong thing at the wrong time
          • Bitcoin Price Jump as Coronavirus Curve Begins to Flatten
            • Bitcoin Price Today April 3
            • Bitcoin Price Is Sometimes Bullish in Q2
            • Bitcoin Price Tumble Beneath $ 6,000
            • BTC Price Today 5 | April, 2020
            • Bitcoin Price and S&P 500 – Here’s how much bitcoin beat the Dow and S&P 500 in the first quarter
              • Today Bitcoin Price at $6,600
                • Bitcoin Price Bulls Reaches: “Live or Die”
                • BTC Price Today | 6 April 2020
          • Bank of America sees big year for Microsoft ahead
            • American Airlines coronavirus downgrade
              • Bitcoin Price Rejected $6,600
              • Bitcoin Price Trace It Will Fall to $ 5 K
              • BTC Price Today April 4
                • Stock Market Today 31 March, 2020
              • US Bank Raises $586M Against COVID-19
                • Bank of America’s Solid Liquidity to Help Covid-19 Crisis
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      • Best Online Savings Accounts of February 2020
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      • 6% cd rates – They Exists ?
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      • Best Credit Cards for Students 2020
      • Best Airline Credit Card 2020
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      • Best Rewards Credit Card 2020
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      • 11 Best Prepaid Debit Cards of 2020
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      • Lowe’s Credit Card
      • Get Revolut Card + £50
      • Qantas Credit Card
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      • How many credit cards should I have?
      • Is Discover Visa or Mastercard?
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      • Wells Fargo Propel – Review
      • Walmart Money Card – Review
      • Credit One Credit Card Review
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      • Travel credit card reviews 2020
      • Petal Credit Card Review
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      • Best Mortgage for Low Down Payment 2020
      • Best Mortgage Rates
      • Best VA Mortgage Lenders of 2020
      • Greatest On-line Mortgage Lenders
      • The Best Mortgage Lenders for First Time Home Buyers
    • Mortgage Calculators
      • Mortgage calculator rates today April 1, 2020
      • Mortgage Calculator – Students Benefits
      • Mortgage Calculator – Homeowners and renters Get Payment Relief
      • Calculator for mortgage to millennials
      • Mortgage Calculator Modification – What Is?
      • Mortgage Calculator Canada: Rates Are Rising
      • Mortgage Calculator Home – Is it time to repair your own home mortgage?
      • Mortgage Calculator
      • Mortgage Calculator Rates Today April 3
      • Mortgage Calculator Online
      • Mortgage Calculator Coronavirus: UK mortgage market goes into lockdown
    • Mortgage Guides
      • Lending
      • How Mortgage Forbearance Works Under CARES Act
      • Stimulus Check
    • Mortgage Companies
      • Nationstar Mortgage
      • Roundpoint Mortgage
      • Midland Mortgage
      • Simple Mortgage Calculator
      • Freedom Mortgage
      • SunTrust Mortgage
  • Commodities
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      • WTI Oil Prices
      • Brent Crude
      • Crude Oil
    • Agricultural Products
      • Corns
    • Livestock & Meat
      • Lean Hogs
    • Precious Metals
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      • Gold
        • Best Place to Buy Gold
        • Price of Gold
        • 5 Ways In order to Buy Gold
        • Gold Price Chart
        • Gold Futures
      • Silver
    • Industrial Metals
      • Copper
  • Insurtech
    • Insurtech “Best of…”
      • Best Life Insurance of 2020
      • The Best Renters Insurance Companies 2020
      • Best Pet Insurance Providers of 2020
      • Best Home Insurance Companies for 2020
      • Best Car Insurance Quotes Online
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Scott Morrison – Scott Morrison – Grants rorts? Wait, there’s further … | Fintech Zoom

Judie Simms by Judie Simms
January 19, 2021
in Scott Morrison
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Home » Scott Morrison – Scott Morrison – Grants rorts? Wait, there’s further … | Fintech Zoom

Scott Morrison – Scott Morrison – Grants rorts? Wait, there’s further … | Fintech Zoom

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#Sportsrorts was basically probably the most egregious of the Morrison authorities’s grant frauds and the $three billion Group Progress Grants are by far a very powerful and most blatantly corrupt, nevertheless they’re definitely not the one pork barrels rolling by key electorates.

Regional seats usually and Queensland electorates significantly are being fed a delicate meals plan of federal largesse for all of the items from parks and gardens to funding “Messy Play Days” at toy libraries. (Truly – $19,935 for seven Messy Play Days, the stuff of ministerial press releases.

And now the potential political have an effect on of federal handouts is being turbo-charged beneath the headline of COVID stimulus duties.

Unsurprisingly, the cash is carefully skewed within the route of Coalition seats. It’s not merely the fossil gasoline commerce that’s being taken care of.

Misplaced someplace alongside one of the simplest ways is any concept of what duties a federal authorities should shoulder.

It’s a little bit bemusing to see the identical outdated suspects claiming the federal authorities should dump the ABC and haven’t any place in public broadcasting whereas said authorities funds a development parade in Dalby ($14,500, David Littleproud, LNP, Maranoa) and Lithgow’s Halloween avenue competitors ($47,000, Andrew Gee, Nationwide, Calare).

The importance of Queensland delivering the seats for the 2019 Morrison win is successfully mirrored in LNP seats doing disproportionately successfully out of the slush funds.

For example, spreadsheet sleuth Vince O’Grady has consolidated 2020’s $158.5 million in Establishing Larger Areas Fund grants from the GrantsConnect web site – the LNP with 15.2 per cent of the 151 seats inside the Home of Representatives nevertheless scored 23.5 per cent of the moola.

The 10 Nationwide Celebration electorates inside the southern states did even greater – 5.eight per cent of the seats nevertheless 33.9 per cent of the cash.

The Michael McCormack-led Nationwide Celebration continues to acquire a disproportionate stage of grant funding.

And there’s Bob Katter’s seat of Kennedy, doing by far the simplest of the independents – representing 0.7 per cent of the Home nevertheless amassing 4.9 per cent of the grant cash.

The Liberal Celebration was nearer to being proportionate – 29.1 per cent of the seats, 26.9 per cent of the cash.

Labor holds 45 per cent of the seats, nevertheless its electorates obtained merely 5 per cent of the cash.

The skewing is to be anticipated given the title and declared objective of this method: “The $1.04 billion Establishing Larger Areas Fund (BBRF) helps the Australian authorities’s dedication to create jobs, drive monetary progress and assemble stronger regional communities into the long term.

Bob Katter’s Queensland seat of Kennedy is awarded 4.9 per cent of Establishing Larger Areas Fund grants. Image: AAP

“The fund invests in tasks situated in, or benefiting eligible areas exterior the main capital cities of Sydney, Melbourne, Brisbane, Perth, Adelaide and Canberra.”

The fund operates two streams, one for infrastructure, the alternative the “Community Investments Stream: Funds community development activities including, but not limited to, new or expanded local events, strategic regional plans, leadership and capability building activities”.

In numerous phrases, completely something, along with Messy Play Days.

Any native authorities or not-for-profits inside the outlined areas can apply for grants from $5000 to $10 million, which is a gigantic enchancment on the CDG racket whereby the federal authorities itself makes a political willpower as to who’s allowed to make use of inside the first place.

Nevertheless the scheme nonetheless throws up a great deal of oddities and runs as a software program for locking inside the Coalition’s non-metropolitan base.

For example, the Gold Coast, an LNP stronghold, is Australia’s sixth-largest metropolis and an increasing number of an extension of Brisbane – nonetheless it qualifies as “regional” for BBRF.

To Brisbane’s north, the Noosa Council (Lew O’Brien, LNP, Massive Bay) picked up $20,000 in June within the route of its Noosa Alive Competitors. An earlier spherical of BBRF gave $2.5 million for the schmick redevelopment of the Sunshine Seashore Surf Membership.

Deputy Speaker Llew O’Brien and Deputy PM Michael McCormack on the opening of the Sunshine Seashore Surf Life Saving clubhouse on February 14. Image: AAP

Sunshine Seashore is “regional” inside the sense that it isn’t a capital metropolis.

It’s normally a very engaging and affluent house (reflecting, in my biased opinion, that it has the world’s best seashore and some great benefits of Noosa with out the need to placed on make-up and bling to get a cup of espresso).

It has a median residence price about 60 per cent better than Sydney’s and 360 per cent better than Caboolture on the uncertain northern fringe of non-BBRF “Brisbane”.

Within the meantime, the Native Roads and Group Infrastructure Program (certain, they maintain coming) equally retains the federal authorities members’ media releases of Coalition beneficence coming.

On Mr O’Grady’s GrantsConnect consolidation, the $499 million LRCI spending ultimate 12 months was divvied up 32 per cent to Liberal seats, 19 per cent Nationwide (keep in mind, merely 10 seats out of 151), 16 per cent LNP, 27 per cent Labor (45 per cent of the seats), virtually three per cent for Bob Katter’s Kennedy and three per cent for the alternative independents.

General, the LRCI breaks 67 per cent for Coalition seats, 27 per cent Labor, and 6 per cent the remaining.

Mr O’Grady did a consolidation prepare of #sportsrorts, CDG and regional grants posted on GrantsConnect from 2013 as a lot because the 2019 election – the upper part of $2 billion. It broke down 24 per cent to Labor electorates, 70 per cent to Coalition seats.

Katter’s Queensland stronghold of Kennedy scored basically probably the most of any seat, $60 million, three per cent of the general.

Positive, the federal authorities is explicitly and completely successfully disposed to Kennedy, the political bribes rigorously measured.

Those who’ve been sustaining over the earlier 12 months will keep in mind this part of reporting the Australian Nationwide Audit Office’s #sportsrorts effort:

At 12.45pm (on April 10), the Prime Minister’s office emailed Senator McKenzie’s office to ask {{that a}} $500,000 grant inside the seat of Kennedy – held by renegade neutral MP Bob Katter – be dropped and the equivalent amount instead be given to the Hawthorn Malvern Hockey Centre. The centre is inside the residents of Kooyong, held by Liberal frontbencher Josh Frydenberg.

Bridget McKenzie was compelled to resign whereas Scott Morrison continues to be dogged by the #sportsrorts controversy. Image: AAP/TND

Senator McKenzie’s office resisted, claiming the Kennedy enterprise was “a very important one for the region” and the sport minister was as a consequence of go to the seat with the Liberal Nationwide Celebration candidate who had been lobbying for the cash.

The sport minister’s office relented after the Prime Minister’s office recognized the enterprise had already obtained $three million in funding by a separate grants program.

Not like Mr Morrison’s #sportsrorts and CDG corruption (and proper right here’s the associated hyperlink to that one other time, merely ICYMI), the regional slush funds have a mix of causation and correlation.

Positive, the LNP and Nationals are stronger inside the bush and attributable to this truth cash aimed on the bush goes primarily to LNP and Nationwide seats.

Nevertheless the unprecedented stage of LNP and Nationwide pork barrelling moreover helps maintain mandatory regional seats inside the authorities camp no matter native climate change and tax insurance coverage insurance policies that are antithetical to rural communities’ best pursuits.

There may be additionally the question of equity between metropolis and nation – poverty and downside should be dealt with on an equal footing wherever it occurs, not relying on the political shade and have an effect on of the native member.

Incumbency is an excellent revenue when it means billions of {{dollars}} of taxpayers’ cash could possibly be deployed to handle incumbency.

It’s felony and crooked and continues to worsen. Power ends up being its private ends.


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