Thursday 20th February 1997
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Issues - The banking system under the spotlight. South African magistrate Flores Van Zyl found that there was enough evidence against the 62 year old to warrant his prosecution in Australia.
The extradition order is subject to the final approval of South African Justice Minister Dullah Omar. Bell was granted 15 days leave to appeal.
When he returns to Australia he will face over 200 charges involving young boys aged between 10 and 18 between 1969 and 1993.
Felicity Wade, a Wilderness Society spokesperson said, "I am devastated. I am really sorry. I didn't know the misdemeanors were going on."
Surprising because she was one of the four arrested by the police. "We are really saddened that this stupidity has taken away from the issue", she said.
The Prime Minister speaking about the incident on Sydney radio said, "I am not somebody who gets worked up about securities. I have good security detail. It is sensible and they are with me and they do a very good job. I never feel insecure in Australia.
"I inquired about the safety and well-being of my own staff in the electorate office and I will get further reports about the matter today.
"It (the invasion) gives the broader conservation movement in Australia a poor name because most people who are worried about Australia's environment and want to conserve things in the country do so in a totally lawful and democratic fashion."
Talking about democracy, have a little "peek" behind the 1996 election lines and see how the "traditional media" are manipulated by the political leader's minders. Hopefully the online independent media groups will bring a sense of reality back to Australia.
The Reserve Bank said that lenders took up to 58 days to give home buyers an interest rate cut but when interest rates rose took just 16 days to charge the higher rate.
Big business was receiving the benefit of the rate cuts within 25 days while small business had to wait up to 42 days - but they too were paying higher interest rates within 16 days.
The Reserve Bank moved to alert consumers of this disparity through its quarterly report on the economy. The report expressed concerns that the home lending bank margins in Australia were twice those of the world average.
Yeah we all know that the banks are ripping off Australian home lenders.... in more ways than one.
One has to look no further than the fat profits and the rising share prices to work that one out. Come on the Aussie battler - Aussie Home Loans and RAMs give these "big boys" a run for their money and make them accountable. It's about time someone did becuase the Federal Government's deregulation of the banks in the 1980s has done absolutely nothing for the man in the street.
Despite all this evidence of greed we have Bob Joss the chief executive of Westpac (who is making a killing through his salary package options in Westpac shares) saying, "All banks are seeing margins shrink. That's the incontrovertible fact of what's going on.
"Ultimately, revenue has to cover expenses and with some reasonable returns on capital. But if you can find ways to economise capital and lower costs, you can continually meet shareholders' needs while meeting customer needs."
Joss predicted that bank fees would continue to rise as loan rates collapsed.
It is two days now since I reported the vandalising of my row boat to the police and, as of this moment, they still haven't called to take down the complaint even though the police station is less than 1 kilometre away.
That's the service that a victim gets in Australia!!
Have a great day!
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