Tips and rumours

Feb 24, 2014

Tips and rumours

Mandarins urged to get counselling due to EBA reports ... James Packer's boat in the clear ... don't get a pollie's face tattooed on your back ...

From the Crikey grapevine, the latest tips and rumours …

Stressed mandarins. Some federal bureaucrats are feeling so anxious about looming EBA negotiations with the Abbott government they’ve been urged to get counselling. According to The Canberra Times, Employment Minister Eric Abetz (aka Erica Betz) wants to give bureaucrats tiny pay increases (or none at all), or cut carers’ / sick leave. This prompted an email to staff from a chief at the Department of Veterans’ Affairs saying “if you are feeling anxious as a result of the media reports, I encourage you to talk to your manager or utilise the services of our EAP provider …”. We had to google the APS-speak, it turns out that’s an “Employee Assistance Program” –basically a work counselling service.

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3 thoughts on “Tips and rumours

  1. klewso

    Good old Erica – may he getz what he pays for.

  2. klewso

    Maybe he could get Godwin Grech back – to run Treasury?

  3. Mark Heydon

    Have you perhaps misinterpreted the CDS tip? If the bank’s clients were to SELL a credit default swap, they would have to pay out in the event of an adverse credit event. Hence a recommendation to sell a CDS presumably means they think the chances of an adverse credit event with respect to Qantas is low. Or perhaps they have some inside information on government support heading Qantas’ way and hence likely to lead to a fall in the price of CDS, allowing a seller of a CDS now to reverse the trade at a cheaper price in future and therefore make a return?

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