This video above reminded me of the companies and CEOs that were rescued by the federal government during the global credit crunch crisis. Sure, if you had a lifeboat (i.e. the government) parked near you, no matter how rough the sea is or how many killer whales there are out there, as long as you (the penguin) manage to manouever your way out of its line of sight, you're safe.
The same thing cannot be said of those fishes in the sea (i.e the junior execs)who are like the sacrificial lambs at the beck and call of the sea tide ..
Casino backfires Another useless group of people who in their mindset to secure more business and profit from their clients, had their plans backfire on them:
Gambler sues casino for $30m
December 9, 2008 - 5:27PM
Crown Casino's senior managers will be asked whether they knew a billion-dollar gambler they allegedly lured to Melbourne was banned from a Sydney casino at the time.
Former Gold Coast property developer Harry Kakavas turned over more than $1.4 billion during a 14-month gambling binge across Australia from June 2005, his lawyer Les Glick SC told the Victorian Supreme Court today.
Mr Kakavas is suing Crown Casino and its chief operating officer John Williams for $30 million, which he said he lost at the casino.
He is alleging negligence, unconscionable conduct and breaches of the Casino Control Act.
Mr Glick said an email received by Crown's chief executive Rowen Craigie in 2000 indicated Mr Kakavas was banned from Sydney's Star City casino following concerns about the extravagance of his gambling.
The winnings of gamblers who have been banned from a casino must be forfeited to the state under the Casino Control Act 1991.
But Mr Glick argued that if Crown had forfeited Mr Kakavas' winnings, he would not have continued to gamble.
Crown has previously denied knowing Mr Kakavas was banned from the Sydney casino.
Today, Justice David Harper gave Mr Kakavas' legal team approval to put various questions to Crown about its knowledge of Mr Kakavas' gambling history.
The questions include whether Crown and its operators knew Mr Kakavas was banned and if so, when they became aware of this.
Mr Kakavas' legal team will also ask whether Crown managers believed his winnings could be forfeited.
The questions are being put to obtain sworn answers which can be used as evidence at trial, set for next year.
Mr Kakavas claims the casino preyed on him and singled him out for special treatment because he was a big gambler.
Last year, he told the court he was flown about 30 times on Crown's VIP jet and was regularly handed bags and boxes of cash, and given a promise of a 20 per cent rebate on all losses.
The ATM blasts saga Sydney and some parts of oz have been targeted with a string of ATM raids or blast explosion raids lately. Due to the new technology employed by banks on ATMs to counter ram raids, gangs have now resorted to using gas pumped into the ATM to ignite explosions. This of course means that anyone standing near an ATM just before the blasts occured could be a unsuspecting victim or casualty :
Economy progress dwindles now, even non-profit organisations hit hard !
The economy is really in deep shit with even non-profit and charity organisation taking a big cut in manpower. Xmas 2008 will never be the same . More unemployed on the jobmarket :
Mission Australia says services will suffer
8th December 2008, 13:15 WST
Vital community services for the nation's most disadvantaged people will suffer as a result of job cuts in the welfare sector.
Mission Australia has announced 73 positions, mainly in its job network services, will be cut, while the Salvation Army says between 100 and 120 jobs will go.
The major job placement providers say the cuts are due to dwindling job vacancies as a result of the global financial crisis.
Mission Australia said job placements were down 25 per cent in October compared to the previous year and 31 per cent for November.
Agency employment spokesperson Leisa Hart said other services are likely to suffer as a result.
?If our employment services are doing it tough that has a direct impact on our ability to provide crucial community services,? she said.
However, the agency insists its front-line support to job seekers and long-term unemployed people will not be affected.
The federal opposition says there will be more welfare sector job cuts when the new employment services model is introduced in July next year.
?The redundancies by the Salvation Army and Mission Australia are really a warning sign that this problem will get much worse on the first of July,? opposition employment participation spokesman Andrew Southcott said.
AAP - source: http://www.thewest.com.au/default.aspx?MenuID=28&ContentID=112101
