From under the linoleum
Old newspapers show Mussolini's imperialism looked a lot like today's

I sat on the floor and picked through the tragedy of the country we now call Ethiopia laid out on the yellowing pages. It was eerily reminiscent of the current Iraq adventure.

A tale for our times
The December 1934 assassination of Sergei Kirov

Seventy years on, the killing of Sergei Kirov casts an eerie light on the events of 11 September 2001, the invasions of Iraq and Afghanistan, the “war on Terror” and the state-sponsored hysteria surrounding the shadowy figures of Osama bin Ladin and Abu Musab al-Zarqawi.

Ninety-three years of bombing the Arabs
It was the Italians, hell-bent on acquiring an African empire, who got the ball rolling. In 1911 the Libyan Arab tribes opposed an Italian invasion. Their civilians were the first people in the world to be bombed from the air.

Dispossessed all over again
After spending nearly two months in the West Bank the pull towards my village was growing stronger, especially after being detained twice and threatened with deportation … an Australian Palestinian returns to her ancestral home.

The tragic inevitability of a forlorn hope
Australia slides further into the Iraq quagmire
Cabinet documents recently released under the 50-year rule show that, in 1954, Liberal (conservative) Prime Minister, Robert Menzies, and key figures in his Cabinet were extremely gloomy about the prospects for success in an American war against nationalists in Indochina. But eventually they went to the Vietnam War anyway.

Bombing King David
One man’s freedom fighter is another’s terrorist

Some historians date the beginning of modern terrorism from the 1946 bombing by Zionist terrorists of the British military HQ in Jerusalem.

Don’t loiter near the exit
Military debacle and economic decline haunt the Bush regime

When I was just a young possum in the school cadet corps there was a hoary old war story that we all knew. It was almost certainly apocryphal, but it ruefully expressed a nasty historic truth about the US role in the demise of the British Empire.

 


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Ask not for whom the road tolled, it tolled for Sir Li

15 February 2010

Sir Li Ka-shing is said to be Asia’s richest self-made billionaire. He’s the world’s largest operator of container terminals, the largest health and beauty retailer, a major supplier of electricity to Hong Kong and still finds time to be a real estate developer and an investor in Facebook.

They say he plays a mean game of golf, even though he’s something like 81 years old.

Mrs Helen Liu is not in quite the same league as Sir Li Ka-shing. The Chinese-born businesswoman, property developer, “benefactor” of the former defence minister Joel Fitzgibbon, his old dad, and the NSW ALP, friend of Bob and Helena Carr, has been much in the news lately, thanks to new revelations that she allegedly dudded a Chinese state-owned company of $6m back in 1996 and was, allegedly again, grooming Fitzgibbon as an “agent of influence”.

Sir Li’s stevedoring company is still involved with Port Botany but his experience with the NSW Government and its Sydney toll road tunnels has not been a happy one. In fact, thanks to the RTA and the NSW Government, the poor bloke got his fingers burned to the tune of hundreds of millions.

It’s very seedy Sydney story. Sometime back in the early naughties, somebody sold Sir Li on the idea that his company, Cheung Kong Infrastructure should go 50 per cent in the Roads and Traffic Authority’s Cross City Tunnel project. Somebody managed to persuade Sir Li that the tunnel would carry an average of 98,000 toll-paying vehicles a day as soon as it opened.

So the $64,000 question is: who introduced Sir Li to the idea that Sydney toll roads would be a cash-cow investment?

A cynic might say that Sir Li was naïve. After all, the Harbour Bridge only carries 161,000 vehicles a day, and it’s 8 lanes wide (tidal flowed) and the most heavily-used stretch of road in the nation. It connects the whole north of Sydney with the whole south, east of Victoria Road, whereas the Cross-City Tunnel connects, well, Balmain with the mighty commercial and industrial hub that is Bondi Beach. If Sir Li had spent a couple of days with a telephone and a cheap calculator he’d have found out the whole thing was a con, so no doubt he relied on what someone he trusted told him.

Thanks to the demographics, and some significant choke-points on the roads feeding the proposed tunnel, there was never the slightest chance that the road would ever meet the 98,000. When it came to the environmental impact statement the RTA went all conservative and reckoned the road would carry a daily average of 68,000.

In the result the tunnel was opened by Bob Carr in June 2005 and attracted only 20,000 vehicles a day. It still hasn’t got above 35,000. The traffic predictions had been, as the critics had insisted all along, fraudulent – a work-back calculation designed to justify the construction cost.

The tunnel was $560m in debt when it went into receivership in December 2006 and Sir Li lost, big time. He lost again this year when the Lane Cove Tunnel – another toll road justified by transparently dodgy traffic predictions went into receivership. 

How did Sir Li come to make such a dumb investment? Who introduced him to the concept of investing in two controversial Sydney toll roads? Who sold him on it? The decision makes Sir Li look like he’s a pork bun short of the full yum cha, but in fact he’s the richest self-made man in Asia, and you don’t get there by being vague and overly trusting. To this possum he looks like the sort of bloke you don’t dud with impunity.

In the wake of the Cross-City debacle, in July 2005, suddenly, and totally unexpectedly, Premier Bob Carr chucked in his seat in parliament. He was immediately followed by his deputy, Andrew Refshauge and treasurer, Mike Egan. Carr painted his resignation as a decision, made over a bottle of chardonnay with his wife Helena, to “move on” after 10 years in the job, but I wasn’t the only possum to wonder about the timing.

At the time, there was a deal of speculation that Sir Li might sue over the traffic figures. He’d probably have lost, but the sordid technical details, trotted out in court, would have brought down the government.

Carl Scully, the roads minister responsible for the Cross-City and Lane Cove tunnels (and more RTA disasters besides), tried to succeed Carr but was bumped by Morris Iemma. He resigned in 2007 and now works for Evans and Peck, the lobbying firm currently trying to con the government into shouldering all debt responsibilities for private toll roads. My informants tell me that he and Paul Forward, the former RTA chief sacked over the Cross-City disaster work at adjacent desks. Ah, Public Private Partnerships. It’s an incestuous little world.