UK skilled workers in hot demand down under

The Australian Government is hosting an employment expo in London during September to help employers find skilled workers from the UK, a Department of Immigration and Citizenship (DIAC) spokesman said today.

“Are you skilled in engineering, medical services, or trades? If so, Australia needs you,” the spokesman said.

“There is still a critical need for skilled workers across a range of Australian industries. The Skills Australia Needs Expo in London will target the industries most in need of skilled workers, such as the mining, health and construction industries.”

“The expo will play host to representatives from major Australian employers and governments from all Australian states and territories. Participants will be able to find out more about possible career pathways down under.”

Since the expo program started in 2005, some 23 expos have been staged in Australia and overseas, with eight in the United Kingdom.

The last UK expo was in 2009 and featured 38 exhibitors including Australian employers, government organisations and relocation service providers. More than 1800 people from the UK who had skills in high demand in Australia also attended.

“The last expo was a big success for both industry representatives and people attending: 90 per cent of participants said they would recommend future expos to friends, while 80 per cent thought they might have met a suitable sponsor for migration to Australia as a result of the expo,” a DIAC spokesman said.

The Skills Australia Needs expo will be staged in London on September 11 and 12.

For more information or to register interest in attending, please go to www.immi.gov.au/skillexpos/overseas.htm

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New boom, bigger problems: poll

One in two West Australians believes there will be greater skills shortages and more pressure on house prices compared with the last mining boom, the latest Westpoll has found.

The results revealed 53 per cent of those surveyed thought there would be more pressure on a housing price bubble and skills shortages than last time, while 32 per cent believed there would be the same level of pressure.

Just 9 per cent of those polled said there would be less pressure.

“There is a clear community expectation that there will be quite severe skills shortages in WA and, perhaps of greater concern, a view that there will be an upward pressure on housing prices,” pollster Keith Patterson said.

“This may lead to significant levels of speculation in housing in the anticipation that values will surge as the resources boom unfolds.”

Australian Manufacturing Workers Union secretary Steve McCartney said the community was right to be concerned about increasing prices.

“I think lower paid members of our community should be concerned because sometimes the benefits of those booms don’t filter down to the low-paid workers,” he said.

Construction, Forestry, Mining and Energy Union spokesman Gary Wood said he did not believe there would be more pressure as the WA economy improved.

“There might be the perception put out by the likes of the employer associations so they can attempt to justify the use of overseas labour but it needs to be fully demonstrated they are not just a propaganda war to bring in overseas labour,” he said.

Opposition Leader Eric Ripper said the Government needed to demonstrate a sense of urgency over labour supply, training issues and housing.

“The experience of the last boom was that house prices rose and rents rose and there were skills shortages which made life difficult for small to medium enterprises,” he said.

“The Government is not ensuring that enough housing lots are released.

“The industry is not building enough houses.

“We are storing up a problem for the future.”

Premier Colin Barnett had previously said there was a need to attract more skilled workers to WA and there needed to be more mobility of workers between States.

Deputy Prime Minister Julia Gillard said last month that interstate and international migration was needed to help fill future job vacancies. 

Source  :  www.thewest.com.au

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Rates now closer to normal, RBA boss says

Reserve Bank governor Glenn Stevens has signalled interest rates are on their way back up with mortgage rates likely to edge up between half and a full percentage point.

Giving evidence to the House of Representatives economics committee in Canberra, Mr Stevens said the RBA’s focus continued to be on what mortgage rates were offered by commercial banks rather than on the Reserve’s official cash rate.

He said given the commercial banks had lifted rates over and above what the RBA had done, there was still about a half and a full percentage point to go before mortgage rates were back to what the Reserve would consider close to their long term average.

“There’s a little distance to go yet before I think you could characterise the setting of interest rates as normal or average,” he said.

The RBA surprised markets by leaving official rates on hold at its February meeting.

Mr Stevens said on top of the Reserve’s own lift in official rates, the commercial banks actions had effectively delivered three and a half interest rate rises to mortgages cases, and in the case of Westpac customers, four rate hikes.

He said one of the advantages of lifting rates as the RBA did in the last three months of 2009 was that it could hold rates in February and get a clearer picture of how the economy was travelling.

“You get that luxury when you can wait a little a bit further down the line,” he said.

Mr Stevens said Australia had performed much better than even the RBA had expected out of the global recession.

But he warned that meant the economy was now heading into an upswing stronger than otherwise would have been the case.

“With the economy having had only a mild downturn with begin the upswing with less spare capacity than would typically be the case after a recession,” he said.

“There’s less scope for robust demand growth without inflation starting to rise again down the track.

“Monetary policy must be careful not to overstay a very expansionary setting.”

Mr Stevens said the resources sector in particular was looking to grow quickly, with the terms of trade likely to head back to the record highs seen in 2008 this year.

He also highlighted the strength of Australia’s sovereign debt position, hosing down fears the country was carrying too much debt.

“Australia’s position is by any measure very strong indeed,” he said.

The governor also played down fears raised by Opposition finance spokesman Barnaby Joyce that Australia could default on its debts.

Mr Stevens said Australia had never defaulted before and there were no signs it would now.

“I very much doubt there ever will be,” he said. 

“Monetary policy must be careful not to overstay a very expansionary setting.”

Mr Stevens said the resources sector in particular was looking to grow quickly, with the terms of trade likely to head back to the record highs seen in 2008 this year.

He also highlighted the strength of Australia’s sovereign debt position, hosing down fears the country was carrying too much debt.

“Australia’s position is by any measure very strong indeed,” he said.

The governor also played down fears raised by Opposition finance spokesman Barnaby Joyce that Australia could default on its debts.

Mr Stevens said Australia had never defaulted before and there were no signs it would now.

“I very much doubt there ever will be,” he said.

Source www.thewest.com.au

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Explosion rips through Newport Marina

THREE people have been injured and five luxury boats engulfed by flames after an explosion at Newport Marina in Sydney this afternoon.    

One person was seriously injured, while another two were treated at the scene following smoke inhalation.

The fire started when one boat caught alight while moored. The flames quickly spreading to two other boats which were moored nearby.

Two of the burning craft were dragged to nearby sand flats and extinguished, but one drifted to nearby Sirsi Marina, and set another two boats alight.

NSW Fire Brigades spokesman Norm Buckley said the boats were dragged out into open water to prevent further damage.

“We pushed those crafts that were actually on fire out into the water so they don’t pose any danger to the actual wharf itself or any part of the structures or indeed any of the other boats,” he said.

 “We’re also using one of the Rural Fire Service’s fire boats, and they’ll be putting those fires out on those boats that are floating in the bay.” 

Plumes of smoke from the blazing boats have reportedly been seen from as far away as Gosford on the Central Coast.

Source  :  www.news.com.au

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Aussie friends of Jackson ‘shocked’

AN Australian family who met Michael Jackson more than 20 years ago and became lifelong friends was devastated by the pop star’s surprise death.

Joy Robson, mother of choreographer Wade Robson, said her family could not come to terms with the news the King of Pop was dead.         

”We are all in shock right now,” Ms Robson, sobbing heavily, said.

”We’re devastated.”

A Los Angeles County Coroner’s office spokesman has confirmed Jackson had died.

Lieutenant Fred Corral told CNN Jackson, 50, was pronounced dead at 2:26pm (0726 AEST) local time after reportedly suffering a cardiac arrest.

The Robsons, formerly of Brisbane, befriended Jackson when Wade, at the age of five, won a dance competition in Australia where first prize was a meeting with the star.

When Jackson toured Australia in 1987 the pop star invited Wade to perform at his Brisbane concert.

Robsons, formerly of Brisbane, befriended Jackson when Wade, at the age of five, won a dance competition in Australia where first prize was a meeting with the star.When Jackson toured Australia in 1987

Two years later, with the help of Jackson, the Robsons moved to the US so Wade could pursue his dancing career.

Wade appeared in three of Jackson’s music videos, Black or White, Jam and Heal the World and today, at the age of 26, is one of the world’s most renowned choreographers, hosting his own MTV series The Wade Robson Project, working with Britney Spears and N’SYNC and winning two Emmy Awards.

Wade, Ms Robson and her daughter, Chantal, were called as witnesses at Jackson’s 2005 molestation trial in California.

Jackson was eventually acquitted.

The Robsons spent many nights at Jackson’s Neverland Ranch. After Jackson’s acquittal in 2005, the Robsons were again in tears, but back then it was tears of happiness.

”I’ve never questioned Michael,” Ms Robson said in 2005.

”That’s the bottom line. I’ve never ever had a second of a concern.

”I don’t care what people say of me.

”You have to know Michael to understand.

”I’ve always said to Michael I wished the world could know the Michael we do.

”He’s not what the media makes him out to be.”

Jackson, aged 50, died in Los Angeles today, although a cause of death is yet to be officially announced.

Jackson was not breathing when Los Angeles Fire Department paramedics responded to a call at Jackson’s $US100,000 ($A124,378.11) a month rented mansion in the exclusive LA suburb of Holmby Hills, just after midday.

He was taken to the nearby UCLA Medical Centre but was pronounced dead.

RIP

Source  :  www.news.com.au

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Swan slams ‘selfish’ CBA rate decision

Treasurer Wayne Swan has taken aim at Australia’s biggest home lender, labelling it selfish for lifting its mortgage and business lending rates. 

Other banks have refused to rule out following the Commonwealth Bank of Australia’s (CBA’s) surprise decision to lift its home and business loan rates by 10 basis points to offset higher funding costs.

The opposition said the government’s huge debt burden was putting pressure on interest rates, while a prominent market economist said it may force the Reserve Bank of Australia (RBA) to cut the official rate again to counter any impact from CBA’s move.

CBA said it took Friday’s decision “reluctantly”, but at a standard variable mortgage rate of 5.74 per cent, up from 5.64 per cent, it was still the lowest on the market.

The rate hike will add $18 a month to repayments on a $300,000 home loan over 25 years.

The bank said it had absorbed as much of its additional funding costs for as long as it could.

“Unfortunately, we have seen the bank’s wholesale funding costs remain high and continue to increase as previous long term funding matures and is replaced with new funding at significantly higher cost,” CBA group executive of retail banking services Ross McEwan said in a statement.

Such reasoning drew no sympathy from the treasurer.

There are ups and downs when it comes to those decisions over time, but there are few decisions I can think of that are more selfish than this one,” Mr Swan told reporters in Brisbane.

“I think Australians, rightly, will be furious with the Commonwealth Bank.”

Prime Minister Kevin Rudd echoed those sentiments during a speech to a business lunch in Brisbane.

“We are all in this together – businesses, workers, government and the Reserve Bank – and today’s decision by the Commonwealth Bank runs counter to this nationwide effort,” Mr Rudd said.

The other three major banks – ANZ, National Australia Bank and Westpac – said their rates were constantly under review.

NAB said it had no current plans to raise its home loan rate but noted “all Australian banks” had been incurring significantly higher funding costs for some time.

Opposition treasury spokesman Joe Hockey said the government was putting pressure on interest rates by running up a huge debt.

“Kevin Rudd and Wayne Swan feigned outrage about this interest rate increase, yet they are directly responsible for it,” Mr Hockey told reporters in Sydney.

“This is the beginning. You will end up with higher interest rates directly as a result of the spending binge of the Rudd government and the massive debt they are accruing.”

Home buyers may be enjoying the lowest mortgage rates in 41 years, but have already missed out on about 30 to 40 basis points of the RBA’s total 425 basis points of official rate cuts, with banks refusing to pass on the cuts in full because of the cost of funding.

For small businesses it has been even worse, being short changed by about 140 basis points.

The CBA’s decision comes in a week that saw massive boosts to both consumer and business confidence, as well as data showing sustained growth in home lending – sucked in by low mortgage rates and a more generous first home owners grant.

April mortgage data showed loan demand has grown for seven straight months to a 14-month high, as well as record demand from first home buyers and the strongest interest from investors in nearly two years.

It also showed that the banks have cornered more than 92 per cent of all loans – a 33-year high.

Westpac chief economist Bill Evans said CBA’s decision could well be countered by another cut by the RBA.

“If it does have an impact, particularly on confidence in the housing market, which has been the most encouraging source of recovery in the Australian economy, it may bring a rate cut back on the table at the Reserve Bank,” Mr Evans told Sky News

Source  :  www.thedaily.com.au

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Great white shark spotted off Scarborough beach

 

• A great white shark has been sighted circling a whale carcass near a popular Perth beach. 

Floating about six nautical miles west of Scarborough Beach, the carcass is believed to have attracted the shark, which was spotted on Sunday.

WA Department of Fisheries spokesman Tony Cappelluti said he was concerned the dead whale would float closer to the shoreline.

“While the carcass is a long way off any Perth beaches, it is important that boat users or divers are aware of the potential increased shark activity near the carcass,” Mr Cappelluti said.

“There has also been another shark sighting this morning at Strickland Bay on Rottnest Island, where warning signs were erected several days ago after sightings made during the week.”

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