Prev
Next

Punch on: Open thread 11/10/2010

The Punch Team

by The Punch Team

11 Oct 05:00am

Must Reads

The Punch is moving house - this is a caption

The Punch is moving house

385

Will Pope Francis have the vision to tackle this? - this is a caption

Will Pope Francis have the vision to tackle this?

122

Advocating risk management is not “victim blaming” - this is a caption

Advocating risk management is not “victim blaming”

251

Filed under: Dow Jones, Finance, Open Thread

37 comments

Today is Monday October 11.

Oh crap, why did I invest in the Delhi Games float? Turned out it was actually a float

On this day, just three years ago, in 2007 the Dow Jones enjoyed a record high of the Dow Jones Industrial Average occurred at 14,198.10 points. Strangely enough the largest intra-day point swing since 1987 took place almost exactly a year later on the 10 of October 2008, that day the market reached a low of 7,882.51 points. 

What’s on your mind today?

Most commented

37 comments

Show oldest | newest first

    • Max Vaunted says:

      04:43am | 11/10/10

      What’s on my mind today? I’m grumpy as hell i can’t help wondering how much longer are members if the fourth estate and their masters going to allow themselves to be used as the tools and stooges for unscrupulous political manipulators. I’m sure many of us had hoped that with the end of Rudd a new era would dawn where the spin cycle takes a back seat to substantial policy making and implementation, but oh no. The now plainly exposed duplicity and pathetic gotcha politics over Abbott’s trip had to have emanated from somewhere. Who was the media patsy used to break this so-called story in the first place? Shouldn’t he or she be as much the focus of public attention as the so-called story itself has been over the past week? What’s happened to fact checking and healthy skepticism, or do reporters and their editors just swallow whoole every sly line that’s fed to them by political spin masters? Can’t the media get it through their skulls that as far as most of the public are concerned the time for pubescent political one-upsmanship is over? Rudd and his methods are supposed to be gone. For goodness sake let’s expose the media bounders and scoundrels for who and what they are so the rest of us can get on with the reconstruction and reparation. Thank you, I feel a bit better now. 

      Reply

    • TheRealDave says:

      11:22am | 11/10/10

      I still can’t believe that Liberal ‘true believers’ are happy to pretend that the rAbbott’s minders didn’t start ‘planning his trip’ a mere 5 seconds after he uttered that he was ‘to jet-lagged’ to visit them.

      wink

    • Lazy Jesus says:

      09:59am | 11/10/10

      Damn straight!

      Acts of low bastardy should remain the sole property of the coalition. raspberry

    • TheRealDave says:

      11:31am | 11/10/10

      Kind alike the rAbbots low act of bastardy that sent Pauline Hanson to gaol? That kind of political bastardy?

    • Nicole says:

      08:37am | 11/10/10

      My little girl is five today. HAPPY BIRTHDAY little Miss.

      Reply

    • MarK says:

      09:19am | 11/10/10

      Happy birthday to the boss of the house.

    • Nicole says:

      10:39am | 11/10/10

      Boss is an understatement. smile

    • Smiley says:

      12:18pm | 11/10/10

      Happy birtday Little Miss grin

    • hot tub political machine says:

      02:41pm | 11/10/10

      Happy birthday Nicole’s girl

    • Shane From Melbourne says:

      10:08am | 11/10/10

      Joe Hockey needs to learn the difference between audit and a review.

      Reply

    • Yon Toad says:

      11:26am | 11/10/10

      Badger, Conservatives can help themselves. That’s why we want big, interfering government to get the hell out of our lives!

    • TheRealDave says:

      11:34am | 11/10/10

      Its an act of ‘political bastardy’ to point out and publicise the Coalitions lies, shortcomings, faux pa’s, stupidity, carelessness, fraud, misrepresentations etc

      Please cease and desist.

      Pretty Please?

    • Shane From Melbourne says:

      12:33pm | 11/10/10

      @MarK. There is a hellva difference between a review and an audit both in accounting and legal sense. A company director trying to pass off a review as an audit could find themselves in a lot of legal trouble. Maybe the conservatives attend the Enron school of accounting…...

    • The Badger says:

      01:16pm | 11/10/10

      Markie mark

      I realize you didn’t read the article I referred to, so will point out the salient point.

      “The letter from Horwath principals Geoff Kidd and Cyrus Patell dated July 13 and countersigned by Mr Loughnane (Liberal Federal Director) makes clear that the work was little more than a spreadsheet to ‘“review the arithmetic accuracy of the Liberal Party of Australia’s costing estimates”

      Liberal tool

    • MarK says:

      01:46pm | 11/10/10

      “Liberal tool “

      I appreciate the compliment although I really don’t identify with the Libs. I get the spirit it was meant though so thanks.

      Shame you continue to put words in my mouth and to accuse me of things I either have or have not done with no basis for accusation. Then again when you have no argument whatever works I guess.

      “Via a statement Mr Hockey said he had used the word audited ‘‘as would be understood in laymen’s terms’‘.

      Interestingly enough you “gentlemen” seem to ignore Gillards lies and bastard statements as a matter of course.

      Inconvenient truth no doubt.

      From your resident Liberal Tool…That’s Mr Tool for you guys. You can call me Sir or Right Wing Nutjob if you like. Upper Class Sum will do. Pretentious Git?

      How about Defender of the Ruling Caste or George Bush Apologist? Obama Hater? Mayber Palin Sycophant?

      Denier of the One True (leftist) Faith. Laberal Stooge.

      I could go on.

      This is fun. Get creative in the name calling. Do it some justice.

    • Nicole says:

      01:47pm | 11/10/10

      Now, now. Name calling will get you no where.

    • fairsfair says:

      01:55pm | 11/10/10

      ha ha Badger -  You are just jealous that you are not part of his Funky Bunch.

      Didn’t Bob Hawke say that no Australian child will be living in Poverty once? Lets talk about that. It is feels just as relevant and as much in the past.

      Move on good people - there are far more pressing issues of a political nature to be discussed. Like the fact nothing of significance of a political nature is happening at the moment.  What are the pollies even doing?

    • MarK says:

      02:13pm | 11/10/10

      Oh come on fairsfair - be….errrr….fair.

      Labor and Gillard are “building a consensus”. And having a few committee’s.

      What better way to run a country than via the firm guiding hand of a “consensus” built form a (stacked) “committee”.

      It was called the 2C’s of government - this Committee Consensus - although Gillards office dropped the acronym when some wag of a journo said it stood for Cautiously Cowardly government. That was a real thigh slapper at the bar for Liberal Tools I tell you. How we guffawed into our G&T’s before a nice snifter of cognac and a big fat stoogie.

      Love how we light our cigars from $US100 bills. We used to use $US50’s but with inflation the way it is and the greenback on the slide we say hang the expense and go the whole hog.

    • Nicole says:

      02:16pm | 11/10/10

      Having thought about it a bit, I’ve come to the conclusion that tools are extremely useful.

    • Philip says:

      11:02am | 11/10/10

      Pink Floyd sang “forward he cried from the rear and the front rank died”.
      Are our politicians trying to make us believe they are at the front rank?
      “Surprise” visits by Prime Ministers seem to be increasing. I suspect the only surprised people are the Journalists writing about it.
      Have our Prime Ministers considered the dislocation it is causing the front line who are dodging the bullets? I suspect there are probably only half a dozen soldiers present at these photo opportunities and clever camera angles “improve” the spin.
      Political points scoring from ours sons and daughters who have been sent to great peril, in my view, is the lowest of the low!

      Reply

    • fairsfair says:

      11:28am | 11/10/10

      I just made a cup of Blend43 and though it feels like something has died inside of my mouth and some *ss put the milk back in the fridge without enough in the bottle to generate optimum milk : coffee ratio - I am and always do enjoy my employer provided coffee each morning.

      I just realised though, that it is because I get a flashback to the panpipe jangle that used to be on the ad. You know, back when our coffee choices were Nescafe Blend43 and International Roast. The ad campaign was episodic and about some torrid love affair wasn’t it? I dunno - I was too young but I remember the panpipes.

      Ads of my childhood were the Cottees Kids and that random Banana one about making your body sing.

      In light of Vegemite’s return to the old song, which I assume is to evoke warm and fuzzies of your childhood and slap it on extra thick (which certainly works). I reckon we need to return to the ad campaigns of the 80s and 90s. As there has been a generational shift. I only know the Vegemite ad because someone did the very same thing back around 1991.

      The 80s/90s ads are spectacular in their crapness and make me laugh just remembering them. That said however, I don’t think Panpipes 2.0 would make me actually put a jar of Blend43 in my trolley next time I was at Woolies wink

      Can anyone else remember anything cringeworthy?

      Reply

    • Dr Dog says:

      12:51pm | 11/10/10

      Back then and even now I cringe every time I see a ‘Mere Male’ (thanks New Idea, I know you started this) as depicted in any ad that is about domestic matters or buying decisions.

      To believe these ads Mum is a superior bitch and Dad is a hapless dick in every household. Behold the wilful ignorance of the guy in the Foxtel ad misunderstanding the need of his installer to do a poo (if it was my house I’d tell him to wait until he gets home).

      Wonder at the inability of men to handle a floor polisher, change a nappy or scrape together a meal that doesn’t rely on a jar of tomato flavoured sugar and salt. Hold your head in your hands while a apologetic husband spends the entire household annual budget on auto parts and accessories.

      Apart from the production values and the odd flash of brilliance, sadly I don’t see that ads in general have improved much at all.

    • fairsfair says:

      01:36pm | 11/10/10

      my current advertising beef is Transformer ladder man. If you are going to be transforming a ladder - why not ensure you have the lung capacity to actually sell your product?

      Severe stereotyping is still ignored in advertising - not that I have a major problem with it, it is afterall just an ad. I have noticed though that the only time people really ark up about it is when it a funny and people start talking about it. Which is a shame, because that is the main objective of its creation - to get people talking.

      But I have to say, I’d rather the “Aussie kids are Weetbix kids” jangle over Tim Cahill bicycle kicking his milk into the bowl. The parents of today are the ones buying this stuff - and they are now my age - so I think in the rhelm of “reminissing advertising” - scratch “Happy Little Vegemites” and bring back the Solo Man - who despite whatever lay before him absolutely refuses to use a boat ramp.

    • hot tub political machine says:

      01:05pm | 11/10/10

      Whats on my mind today? Avocado, Sweet Chilli and Chicken is a combination of poetic beauty

      Reply

    • The Badger says:

      01:37pm | 11/10/10

      Not if you’re a vegetarian!

    • hot tub political machine says:

      02:47pm | 11/10/10

      I highly recommend those who want to stay vegetarian avoid being in smelling range of this combination. It would be like a recovering drug addict going on tour with a rock band.

    • Graham says:

      01:21pm | 11/10/10

      It’s so annoying to hear Julia Gillard always being patronising when she is talking to the Australian people—or should I be politically correct and say ‘matronising’. The mother of our nation? I think not.

      Reply

    • The Badger says:

      01:44pm | 11/10/10

      I’d rather Howard was being patronising.

      That would be far much more better

    • acotrel says:

      06:40pm | 11/10/10

      When Abbott comes out with his smart-mouth comments, Lib supporters are all happy.  But they can’t cop it sweet when they get some back!  Abbott ‘s comments include his habit of saying about the Liberal Party ‘WE’RE not Stalinist’ - What a creep?

    • Nathan says:

      02:00pm | 11/10/10

      I’ve got the sh!ts with Microsoft. I saw a copy of Call Of Duty Black Ops listed as $59 pre-order price in the USA. However, even though our dollar is so strong, pre-orders here are still $110. Not Happy, Bill!

      Reply

    • hot tub political machine says:

      04:30pm | 11/10/10

      nathan….Steam. Don’t pay retail for legit games.

    • TheRealDave says:

      06:38pm | 11/10/10

      @Nathan - blame Aussie importers/distributors not Microsoft. The Importers/Distributors set Australian pricing not the developer.

      No-one buys retail anymore, buy online from a Digital Retailer based OS and pay less than half Aussie retail price like the rest of us wink

    • orgadydal says:

      11:24am | 22/11/10

      Tampered Medicine 1980

      http://www.dolcevitapets.com/ - cheap phentermine
      Researchers reported in the New England Journal of Medicine, that fen-phen (fenfluramine and phentermine) may be the root cause for cardiovascular damage in 24 women with no previous history of cardiac disease.
      <a >phentermine pills</a>
      If you don’t express, your supply will begin to lessen and the sodium content of your milk will start to increase.
      <a >cheap phentermine</a>
      It could cause stimulation, tremors, anorexia and other central nervous system effects in the nursing women.

      Reply

    • FouppyOppoxia says:

      06:22am | 17/05/11

      Medical Drug Testing <a >buy cialis online</a>  For men that are wondering if they should try cialis I would say that you should definitely do it! What do you have to lose? This stuff actually works! I will be using it time and time again my wife loves the stuff too it has brought us so much closer together. http://www.cranstonicerink.net/ - cialis online

      Reply
 
Sorry, comments are now closed for this article.

Facebook Recommendations

Read all about it

Punch live

Up to the minute Twitter chatter

Malcolm Farr

farrm51 21 May 13 08:21AM

@LachlanFHarris I'm surprised. I have never seen you as "a bit of a God botherer",

Paul Colgan

Colgo 21 May 13 08:03AM

RT @BusInsiderAU: @adambspencer Just Announced He Will Quit ABC Breakfast Radio - http://t.co/A3ZSnokWg9

Malcolm Farr

farrm51 21 May 13 07:42AM

RT @clairekimball: Isn't the real news that Rudd took advice from a staffer? #buriedthelead

Paul Colgan

Colgo 21 May 13 07:41AM

RT @adambspencer: announcing this morning that Dec 6 2013 will be my last show on 702 breakfast - it's been a blast but it feels time to mo…

See all tweets

Recent posts

The latest and greatest

The Punch is moving house

by The Punch Team

385

The Punch is moving house

Good morning Punchers. After four years of excellent fun and great conversation, this is the final post…

Will Pope Francis have the vision to tackle this?

by Hannah Harborow

122

Will Pope Francis have the vision to tackle this?

I have had some close calls, one that involved what looked to me like an AK47 pointed my way, followed…

Advocating risk management is not “victim blaming”

by Sarrah Le Marquand

251

Advocating risk management is not “victim blaming”

In a world in which there are still people who subscribe to the vile notion that certain victims of sexual…

Nosebleed Section

choice ringside rantings

From: Hasbro, go straight to gaol, do not pass go

Tim says:

They should update other things in the game too. Instead of a get out of jail free card, they should have a Dodgy Lawyer card that not only gets you out of jail straight away but also gives you a fat payout in compensation for daring to arrest you in the first place. Instead of getting a hotel when you… [read more]

From: A guide to summer festivals especially if you wouldn’t go

Kel says:

If you want a festival for older people or for families alike, get amongst the respectable punters at Bluesfest. A truly amazing festival experience to be had of ALL AGES. And all the young "festivalgoers" usually write themselves off on the first night, only to never hear from them again the rest of… [read more]

Light weight

Gentle jabs to the ribs

Superman needs saving

Superman needs saving

Can somebody please save Superman? He seems to be going through a bit of a crisis. Eighteen months ago,… Read more

28 comments

Newsletter

Read all about it

Sign up to the free News.com.au newsletter