The NBN Goes Down the Toilet

If there was ever any way the outrageously expensive National Broadband Network could have paid for itself, that prospect ended on Friday: NBN Co has been forced to back down on its plans to restrain Telstra from promoting its wireless internet services as a substitute for the $36 billion fibre network for two decades after pressure …

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Ignoring Reality

In a natural follow up to the story below, where a bunch of toddlers attempt to pretend something does not exist, the UK government and the BBC pretend something does exist – cheap renewable energy. Christopher Booker writes in The Telegraph: What is the maddest thing going on in Britain today? There may be many competitors …

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Economist Intelligence Unit – Not So Intelligent

I have said repeatedly that the NBN is a dumb idea – grossly overpriced and completely unnecessary. So you might think I’d agree with the Economist Intelligence Unit that the Australian Labor government’s NBN is not a good plan because it is going to cost a lot more money and deliver slower speeds that South Korea’s similar proposals. On …

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Clem 7 Tunnel Farce – Just Like the NBN

OK, so Brisbane needs better traffic systems. But this absurdly expensive, oversold, poorly researched, underused tunnel? The Clem 7 tunnel would never have been built if actual costs and usage had been known beforehand. RiverCity is carrying $1.3 billion in debt and wrote down its $1.56 billion of assets to $258 million at June 30 last …

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Prudence, Refugees and the NBN

Firstly, apologies for the lack of posts over the last six weeks. I won’t bore you by explaining what the problem was. Let’s just hope that 2011 is more restful year! I have been thinking lately about the seven virtues, and in particular, the first of the cardinal virtues, prudence. Prudence is sometimes portrayed as …

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Hidden Costs in NBN Take-up

I noted a couple of posts ago that on present costing, the price of the National Broadband Netwreck would be about $6000 per Australian household. Everyone will pay for that through increased taxes, whether they use it or not. And that’s assuming (ha, ha, ha) that costs do not increase. According to some experts, the planned …

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