With the undignified picture of the worst Australian prime minister in living memory lecturing the financial minds in Europe on how to run their economies fresh in our minds ,we now have Communications Minister Conroy advising Gina Rinehart, arguably one of the most successful businesswomen in the world , how to run the Fairfax empire. Conroy's advice is for Rinehart to keep editorial independence and continue on with the policies which have almost destroyed Fairfax. He wants Gina to buy the business with no power to change the basic product which is not selling very well. It was Conroy's financial genius which has committed Australia to a 50 billion dollar broadband network without even a business plan . He has been also been a part of a government which in four years has turned a 20 billion surplus into a 250 billion dollar debt for all future Australians. This debt, amazingly, has been achieved in the midst of an unprecedented mining boom bringing large amounts of money to the national coffers which is probably why Gillard was told where she could put her unsolicited European advice and Conroy should do the same with his.
THE Gillard government has demanded mining magnate Gina Rinehart sign up to Fairfax's charter of editorial independence, declaring she was not entitled to "trash" the nation's oldest newspaper company.