Democracy is an illusion! It’s become a political system fostered by the élite, for the élite, in order to fool the people that they have a stake in the system. In actual fact, they have virtually none. The whole political system in the modern era, despite having noble beginnings, is now used to benefit the few at the expense of the many. – Mark Alexander, June 29, 2018
Thursday, 30 August 2012
Australia's Qantas Posts Huge Loss
Australian carrier, Qantas, has posted its first annual loss since privatisation in 1995 and cancelled orders for 35 Boeing jets as high fuel costs and industrial action hammered its bottom line. The airline announced a net loss of $256m (244 million Australian dollar), a half-billion-dollar reverse from a net profit of AU$250m in the previous 12 months. Andrew Thomas reports from Sydney.
