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Wednesday, March 21, 2018

I've "Nina Bobo"-ed all afternoon


It's been cold and grey and raining and so, after a big early lunch and a large glass of Chateau Cardboard, I pulled a beanie over my eyes and the doona up to my nose and "bobo"-ed all afternoon.

I dreamt that all politicans had been given proper jobs at McDonald's, all whingers and whiners disenfranchised (and if you don't know what 'dis-enfranchised' means, you're probably one of them), and a certain ex-deputy mayor deported to Lebanon.


Nina bobo
oh, nina bobo
Kalau tidak bobo
digigit nyamuk

boboklah bobo
adikku sayang
kalau tidak bobo
digigit nyamuk

Go to sleep, Nina,
Oh, go to sleep Nina.
If you don't sleep
The mosquito will bite.

Sleep, go to sleep,
My beloved sibling.
If you don't sleep
The mosquito will bite.


Then a mosquito bit me and I realised it had been just a dream.



Monday, March 19, 2018

Making America great again!


A friend has just sent me these images from the world's most powerful nation. I agree it won't be easy to make America great again, and Trump help us if they ever start breeding!



Some of them may at this very moment bring democracy and Western values to the Middle East while others patrol the South China Sea.




γλαῦκ’ εἰς Ἀθήνας


Never one to pursue a pointless task, I've also never carried owls to Athens. Nor have I carried them away from Athens, so this one may have followed me from my last job a whole thirty years later.

Or maybe it's just the latest addition to Riverbend's growing ménagerie of possums, wallabies, water dragons, ducks, turtles, frogs, parrots and lorikeets, not to mention all the creatures that swim past us in the river.

If there are no nightingales, one must settle for owls which are awake and mired in reality while the rest of us dream in our sleep (except for sleepless and unsettled moi, but there's always ABC Radio National).

And what's their collective noun? While generally solitary, as they're considered to be of wise disposition, a group is called a "parliament".

They'd never heard of our parliament when they thought that one up.



Sunday, March 18, 2018

The case AGAINST retaining company profits


So Labor wants to rob all Australian taxpayers of their franking credit refunds. What a pity that Australian companies haven't already been maximising those refunds by paying out ALL their after-tax profits as dividends.

Instead, they're paying out just a fraction of their after-tax profits as dividends and allow those wonderful franking credits go to waste. Are they already doing Labor's bidding?

Of course, they keep telling us that they need to retain capital in order to expand but they could still retain those profits AND pass on those franking credits to shareholders by encouraging dividend reinvestment.

Let's say a company made a $100 before-tax profit (or what a friend calls money that slipped through the directors' fingers before spending it on themselves) on which it pays $30 tax. Rather than paying all its after-tax profit as dividends, it retains the $70 as additional capital. The shareholders lose out on both dividends and franking credit.

If the same company 'paid out' all its after-tax profits under a dividend reinvestment plan, it would still retain the $70 as new capital but the shareholders would also get additional shares (which they could sell later) AND those $30 in franking credits which otherwise would be lost.

Perhaps at the next AGM of the company you hold shares in, you could ask the directors why they don't 'pay out' all their after-tax profits under a dividend reinvestment plan so as to really put the boot into Labor.



Saturday, March 17, 2018

Happy St. Patrick's Day

May the road rise to meet you ...
... and have traffic lights like these!

(and wear green so you won't be visible to leprechauns!)