
I visited Perth recently and paid homage to the statue of ACDC singer Bon Scott, which is near the Fish Markets in Freo. Also, Kings Park for lunch and a visit to the War Memorial.
Govt-wise, Perth is the only State with Liberals (conservatives) in power, and they have all the top former-Howard people there (all top guns, I’ve heard).

Also, chit chat about the UK and how that’s going. Apparently when Lehman collapsed last year, for six weeks the HM Treasury peeps spent 24/7 at the office, sleeping under their desks and sending people out to buy underwear.
The Queen was FURIOUS and called in the Governor of the Bank of England (first time she’d ever had an audience with him) for a “please explain” meeting on why the ‘brightest minds in the country” had stuffed everything up.
Then she visited the London School of Economics and they showed her diagrams of how everything had gone bad. Theories of “herd” behaviour and “irrational” behaviour had been ignored. Instead, finance people had gone for their own “incentives” and ignored the bigger, global picture. Just looking out for themselves. Also, with derivatives maturing in 5, 10, 15 years, more shocks could be ahead.


