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Articles from Harry Clarke

The Vietnam War

January 15, 2018 - 22:11 -- Admin

I watched the ten-part series on “The Vietnam War” (TVW) made available on SBS online.  This is a powerful series on this almost grotesque tragedy that influenced my own thinking greatly as a young man. I opposed the American run war and Australia’s participation in it during my final high school years and most of my years of study at university.

Fire and Fury

January 15, 2018 - 11:27 -- Admin

Michael Wolff’s “Fire and Fury” is a sustained attack on the Donald Trump presidency. Trump is revealed as a narcissist bumbler who repeats himself. A buffoon who is out of his depth for the job of being President. The White House staff he has surrounded himself with are a barely competent collection of factions competing for his attention but all of whom are individually aware of the extent of the Trump inadequacies.

Merry Christmas to All

December 25, 2017 - 09:44 -- Admin

Christmas is a celebration of what is guessed to be the approximate birth date of Jesus Christ. It is an important occasion in almost all civilised societies for both Christians and Non-Christians alike.

North East Link

December 5, 2017 - 11:55 -- Admin

The North-East Link Project in Melbourne seeks to connect the Western Distributor with the Eastern Freeway. There is much to this project – including a widening of the already-jammed Eastern Freeway – but the biggest feature of this project is its cost. Namely, $16.5b. Some claim the price could go as high as $21b.

 

The case for enhanced Australian company tax cuts: Modified re-post of an April 2016 post

December 3, 2017 - 19:10 -- Admin

This issue is again on the agenda because of the US decision to massively cut corporate taxes from 35 to 20% of corporate profits.  It is not the same intellectual case as for the US economy but many of the same issues arise.  The growth in the US deficit as a result of these cuts will be large and there are questions about the extent to which investment will increase given the relatively low level of US unemployment.

Advising investors not to believe in active investment strategies

April 23, 2017 - 10:15 -- Admin

Some of the fees charged by local investment advisors, such as local accountants, seem more than hefty. Particularly when investments are in equities. Often there is a fixed fee of around $300 per month or $3600 per year. There is also often a trailing fee of 1% of the value of the portfolio. Thus on a $1m investment with gross earnings of 5% the total annual fees would be $13,600 which, ignoring taxes, would be 25% of the total return.

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