[LINK] CSIRO quizzed on $9.47m web site

[Deus Ex Machina]

rchirgwin at ozemail.com.au [rchirgwin at ozemail.com.au] wrote:
> Thanks for that, Glen.
> 
> The reflex which says: If (a) is a lot of money, and (b) is a government 
> organisation, then:
> a + b = the money was wasted.
> 
> In this case, it was a nonsense. It's perfectly common for a commercial 
> venture (say a bank) to spend far more and receive far less...

there is a subtle difference here. the shareholders volunteer the
money and are prepared to take risks, the govermnet just takes it.

that means the government has a far greater degree or responsiblity
for what it does with it.

Train link 'unviable'
http://finance.news.com.au/story/0,10166,12373781-462,00.html

"Just over a year after John Howard, whose Government pumped hundreds of
millions into the project, hailed the line as Australia's gateway to
Asia, the nation's great infrastructure hope is in danger of becoming a
great white elephant. 
National carrier Northline Freight Management yesterday declared the
line unviable and dumped rail freight to Darwin. It will instead return
most of its 80,000 tonnes of cargo to road trains. ..."

another $1.3bn of tax payers money flushed down the toilet.

Vic