rory robertson

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rory robertson

rory robertson

@OzParadoxdotcom

I'm trying to stop #SydneyUni harming millions by suppressing ~100yo cure for #T2Diabetes https://t.co/W2jD8qFHHW.

Sydney Katılım Eylül 2012
530 Takip Edilen1.5K Takipçiler
rory robertson
rory robertson@OzParadoxdotcom·
Corrupt #RBA Board member @DavidThodey & his #SydneyUni VC @mscott are faking enforcement of their External Interests Policy: pp. 3-10, 20-23 australianparadox.com/pdf/RR_letter_… Thodey's dishonesty is hiding Novo's deep, secret & harmful influence on #USyd's diet-and-health "findings", Canberra's #diabetes advice & our #AustralianDietaryGuidelines (pp. 49-83). In more detail, Thodey et al are dishonestly pretending pro-sugar #ProfJBrandMiller's secret financial & sci partnership with #NovoNordisk's #DrJJMiller didn't happen. Yet we know JBM co-supervised hubby Dr JJ Novo's #UNSW PhD in #USyd nutrition dep't (p. 6) & they lived in same home for 40 years (p. 5) Alas, millions of Aussies suffer obesity, #T2Diabetes & early death via corrupt conduct long running wild among USyd's elites. #auspol #ausbiz #CPCusyd #LowCarb #keto #CabalSydneyUni #ProfJBrandMiller #ProfStephenSimpson #ProfStephenColagiuri #ProfStewartTruswell @MayneReport @Kate_McClymont
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rory robertson
rory robertson@OzParadoxdotcom·
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rory robertson
rory robertson@OzParadoxdotcom·
A simple example of corrupt conduct in VC @mscott's governance crisis at #SydneyUni Today's @FinancialReview Higher Education Summit (1) featured several #GroupofEight (Go8) university officials who cannot be trusted to properly enforce formal university policies designed to protect taxpayers from financial corruption and vulnerable Australians from harmful scientific fraud. Here is a simple example of the sort of corrupt conduct that appears to be commonplace in the Higher Education sector, corrupt conduct that has fuelled great harm to the health of millions of Australians: 1. #USyd's External Interests Policy requires that all staff publicly disclose all "external, personal or financial interests" that could potentially affect the "objectivity of any academic presentation or publication". Further, "Failure fully to disclose and appropriately manage a conflict of interests may be regarded as corrupt conduct under the Independent Commission Against Corruption (ICAC) Act 1988" (2). 2. #USyd diet-and-diabetes superstar Professor "GI Jennie" Brand-Miller for decades secretly enjoyed substantial household income from #NovoNordisk’s diabetes-drug sales. For almost her entire career, superstar JBM was married to and lived with Novo's Medical Director Australasia, Dr John James Miller (3, 4, 5). 3. Ironically, a local Sydney real-estate listing in 2024 confirmed the basis of GI Jennie's long-standing corrupt conduct (6). 4. Helping to boost Novo’s diabetes-drug sales, JBM - Australia’s most influential and distinguished diet-and-diabetes "scientist" - falsely and dishonestly exonerated modern doses of sugar consumption as a key driver of Australia’s obesity and type 2 #diabetes (#T2D) epidemics (7). 5. To avoid proper disclosure of her massive financial conflict, superstar JBM published sham conflict-of-interest statements in over 100 formal journal articles, dishonestly hiding her Novo household income. At least two dozen of those sham disclosures are in papers published in the highly influential but seriously corrupted @AJCNutrition (8). 6. After being advised in 2023 of this blatant breach of their External Interests Policy, University of Sydney Deputy Vice-Chancellor (Research) Emma Johnston and #VCMarkScott dishonestly pretended there is no problem (9, 10); the same is true of #ChancellorDavidThodey in 2024 (11). Today, #SydneyUni is effectively stealing ~$500m per year from Australian taxpayers, by dishonesty faking the enforcement of its university research-integrity policies (12). This Go8 academic and financial corruption - and the diet-and-health misinformation it supports - is central to fuelling Australia’s #obesity and #T2D epidemics, with #NovoNordisk-"owned" Go8 "scientists" suppressing the scientific matter of fact that T2D and obesity can readily be fixed by the use of simple, nutritious no-sugar, #LowCarb and #Keto diets (13). Unfortunately, generations of Australians are getting fat and sick because corrupt Go8 “scientists” and officials are refusing to fix the harmful mess they created and now actively support. For unknown reasons, few journalists in the mainstream media are prepared to touch these topics. @MichaelWestBiz and his journalists are the rare recent honourable exception (15). What should be done? Finally, importantly, if you read anything here or elsewhere from me that is factually incorrect or otherwise unreasonable, please contact me immediately and, if I agree, I will correct the text as soon as possible. (Nothing material has needed to be corrected by me, in over a decade of investigating and documenting harmful misconduct at Sydney University.) Regards, Rory Sources: (1) live.afr.com/higher-educati… (2) sydney.edu.au/policies/showd… (3) linkedin.com/in/john-miller… (4) australianparadox.com/pdf/CV-Prof-Je… (5) pp. 8-10/10 australianparadox.com/pdf/PhD-Dr-Joh… (6) realestate.com.au/news/ozempic-g… (7) pp. 12, 67-73 australianparadox.com/pdf/RR_letter_… (8) pp. xxi-xxiii australianparadox.com/pdf/131_AJCN_c… (9) sydney.edu.au/news-opinion/n… (10) australianparadox.com/pdf/Letter-to-… ; p. 19 australianparadox.com/pdf/Submission… (11) p. 22 australianparadox.com/pdf/RR_letter_… (12) Ibid, p. 2. (13) Ibid pp. 27-90. (14) australianparadox.com/pdf/RRLetter-t… (15) michaelwest.com.au/sydney-uni-big… ; michaelwest.com.au/former-fattie-… #auspol #ausbiz #rba #CharlesPerkins #CPCusyd #EpicDiabetesFraud #AJCN #Nutrients
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rory robertson
rory robertson@OzParadoxdotcom·
(Long post) Silly Jack and misguided James rubbish outperforming family home as a financial investment Jack Tossol - a "financial adviser" at Partners Wealth Group - claims: “Your home is without a doubt, the worst investment you’ll ever make. It doesn’t generate income...": linkedin.com/feed/update/ur… This faulty, harmful financial advice was promoted uncritically yesterday by @australian's @kirby_journo: theaustralian.com.au/wealth/is-your… Reality check: 1. Residential land prices have performed extraordinarily well over most 30-year periods in the past two centuries. That’s unlikely to change, as most Australians are now addicted to living in or near our coastal capitals, and Federal politicians are addicted to massive net immigration, the ongoing densification of our cities and coastlines, and (thus) rising home prices. The growing push to build apartments across our cities also is pumping up the price of the land under millions of owner-occupied houses. (Houses outperform apartments massively in the long run, because it is the chunk of scarce, well-located land that appreciates substantially over time.) 2. No income? The family home does indeed generate income, in two forms: (i) capital gains; and (ii) imputed rent. Critically, both are tax-free income streams. Jack chose to ignore the profound fact that capital gains on owner-occupied housing are Capital Gains Tax (CGT) free. With other competing investments (say shares), individuals subject to the top marginal tax rate of 47% pay a discounted CGT rate (after a year) of 23.5% on realised nominal capital gains (and so an even higher rate on inflation-adjusted capital gains). Thus if house prices were to rise by 8%, Jack's competing investments would need to outperform with 10%+ (that extra ~2pp+ needing to come risk free) to be competitive. We all need to live somewhere. The family home produces income in the form of accommodation services. In the jargon of economists, this is "imputed rent". Again, this imputed rent is income-tax free. For example, if our homebuyer's house could be rented out for $1000 per week (around the Sydney average), and she is in that 47% tax bracket, she effectively "earns" ~$1900/week pre-tax by living at home. That 98k (implicit) gross income per year makes the family home a nice little earner. Unless he still lives with his mum, Jack pays for his rental accommodation with after-tax dollars: he needs to earn an extra 98k in his day job to pay his tax and then pay the rent on his average Sydney rental. 3. Notably, having a home mortgage means the family home is geared. A first-home buyer living in a $1m home (after paying a 10-20% deposit) who enjoys a 10% price increase in the first year of ownership enjoys almost a 50-100% return on equity. This typical, highly geared approach is neither risk free nor foolproof, but for generations it has been the starting-point for real wealth for most of the many Australians who today enjoy real wealth. There simply is no other large asset that everyday people can "buy and hold" through thick and thin with elevated levels of gearing, without the massive emotional stress that comes with the unacceptable risk of financial disaster. (Have you ever tried to "do nothing" (not sell) when a highly geared share portfolio has dropped by 10%, then 20%, then 25%...) As we have seen repeatedly in recent decades (including the GFC and COVID-19 lockdowns), the RBA and Canberra have no appetite for large falls in home prices, so they work night and day to ensure that they don't happen or at least don't persist. 4. Jack says paying off a mortgage is "dead money". Yes, but unavoidable if one wants to access and enjoy the benefits of home-ownership and rising tax-free owner-occupier income and wealth. Importantly, paying down one’s mortgage means avoiding next year’s interest payment. That too would have been paid out of after-tax income. For that breadwinner on her 47% marginal tax rate and paying a ~6% mortgage rate, any alternative investment would need to deliver a risk-free 8-9% or more to outperform simply paying down the mortgage. Risk-free returns of 8-9% or more are as rare as the Tasmanian Tiger. 5. For generations of Australians, buying a family home has been the simplest, most tax-effective and most successful way of building family wealth. Indeed, the main determinant of poverty or not in retirement is home ownership. Importantly, the family home is not included in aged-pension means tests. (Or considered when awarding $1m/year NDIS packages. Why?) In summary, Jack's advice that home ownership is a bad financial investment to me seems reckless and ill-informed. I’m not aware of any competent financial advisor who advises everyday Australians against prioritising owning their preferred family home while trying to get $2.0m into their superannuation accounts before retirement: ato.gov.au/tax-rates-and-… If all Jack is saying is that people should think of investing in other assets - including rental properties - once they have sorted their lifetime family home, that is fine. But most people never get much past that first base. (A recent academic paper puts some numbers on the home-ownership advantages I have highlighted above: drive.google.com/file/d/1MBOC_h… ) From what I can see, the prospects for, and tax advantages of, Australia's two main vehicles for building financial security - home ownership alongside superannuation - obviously outweigh risk-adjusted after-tax returns on the typical alternative investments Jack appears keen to promote. Perhaps Jack doesn't have much of a job if sensible Australians continue to make buying their own home on their own chunk of land - while contributing 12% of their incomes to superannuation - the centrepiece of their financial lives. Am I hopelessly wrong? What did I miss? What do you think, on the financial advantages/disadvantages of home ownership? #auspol #ausbiz #rba #SydneyUni #CPCusyd #EpicDiabetesFraud #VCMarkScott #ChancellorDavidThodey
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rory robertson
rory robertson@OzParadoxdotcom·
Good morning, I've just retired after 15 years as the economics/markets Analyst in Westpac Group Treasury. On my last afternoon, I wrote to RBA officials reflecting on my 40 wonderful years of "RBA watching": australianparadox.com/pdf/Rate%20Cut… #auspol #RBA
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