Macrobusiness Australia Day Weekend links – 26-28 January 2018

Tree Form, 1945, Russell Drysdale, National Gallery of Victoria

 

China

 

Asia

 

Europe

 

United Kingdom

 

United States

 

Americas

 

Terra Incognita

 

Commodities

 

Capital Markets  

 

Global Macro

 

…and furthermore…

 

Australian Health Insurance premiums and inflation 2011-2018 – from Bloomberg

Annual gambling outlay, selected nations – from Bloomberg

 

Mount Nameless (Morning), 1981, Fred Williams, National Gallery of Victoria

Comments

  1. On Not Being First in the Australian of the Year Honours list (again)

    A haiku by haroldus
    ***********************

    This country is in decay.
    Foreign physicists
    Come here and take all our jobs.

    • boomengineeringMEMBER

      Forget Jesus, Captain Cook was a god, at least that what the Hawaiians thought, when he returned after hundreds of years, they wouldn’t know the difference between a Spanish ship and his. Cook must have lived for hundreds of years to include the 1606 visit to Queensland Australia in the Duyfken as well, although the historians are unfairly changing his discovery of Australia to the discovery of the East Coast,but what about the Stradbroke Island Galleon?. Damn I guess with the Spanish Portuguese and Dutch cannons etc found up and down the whole East Coast they will have to change it again to read that he discovered one street at Circular Quay.
      ”New Dawn The Captain Cook Conspiracy” notes that Cook used Able Tasman’s and stolen Spanish maps to find his way here. Come on board every one, we need to get rid of all this incriminating evidence and blow that Stradbroke out existence like Robinson did in 1963 to the 1656 ” Vergulde Draeck”.

      • boomengineeringMEMBER

        Anyone who dares researching Australian history beware as there have been incarcerations and deaths lately as a result, not to mention the complete genocide of white and part white Aborigines eg 1830’s of the 1694 “Ridderschap Van Holland” survivors.
        Courtesy of ”WA Maritime Myths”, Vergulde Draeck Myth responses.

      • All religions are cargo cults.

        Am reading a book on Viking saga, interestingly the first people in Norse culture are called Ash and Elm, what huge coincidence they start with the same letters as Adam and Eve. I found that interesting given the people of the Middle East didn’t have contact with the Vikings until 1000 years after Christ.

        But back to your point, we learn strange versions of history (the Vikings were the first to discover America). It’s amazing how arrogant igorant people are about their wrong beliefs.

      • boomengineeringMEMBER

        The moving of Australia Day, or Wattle Day would be good to take the (heat) public eye off our history, no good being too patriotic to Australian history.
        The incarceration referred to was of Alan Robinson in 1983 who died in jail after being persecuted by WA police. Also many people had their houses broken into removing books, documents, research papers and objects from Dutch wreck sites.

    • To understand Australia Day it is necessary to understand “affinity fraud” and its foundation in “affinity bias”.

      Affinity bias is the tendency of people to be favourably disposed towards, and more trusting of, those whom they regard (or whom they can be encouraged to regard) as being “similar” to themselves. In terms of evolutionary psychology affinity bias may derive from the fact that such similarities reflect shared genes.

      Affinity bias is everywhere. It may be shown, for example, that people really do look like their dogs. . . . . but only if the dogs are pedigree, and their future characteristics can be known when they are bought as puppies.

      Machiavellian and psychopathic individuals exploit affinity bias to defraud those who are naive enough to imagine that members of their “group” can be trusted. The US Securities and Exchange Commission has a web page dedicated to such frauds: https://www.sec.gov/investor/pubs/affinity.htm

      Even supposedly “educated” people are susceptible. Indeed, educated people may be more susceptible because of their desire not to offend those whose good opinion they crave. The Bernie Madoff fraud was allowed to persist long after it should have been stopped because the financial community held to the belief: “Bernie is one of us. He can’t be a fraudster.”

      But far and away the largest and most common of all affinity frauds is that perpetrated by machiavellian politicians (and their sycophantic rent-seeking clients) based on “national identity”. This is the basis of Samuel Johnson’s famous observation: “Patriotism is the last refuge of a scoundrel”.

      One of the reasons that political agents in immigrant states such as the United States or Australia or Canada actively engage in overt affinity generation rituals (organised displays of patriotism) is that the sense of affinity – essential if they are to implement their personal projects – is not deeply engrained and needs to be continually re-manufactured as the population is renewed.

      Until recently, French or English or Swedish national identity had been in existence for generations and was enforced by distinguishing language, culture, religion and even visual physical similarities. The stability of the population meant that (except for certain regional minorities) affinity didn’t need to be continually reinforced.

      It is interesting to note, however, that – even in those ancient nation-states – there are signs of change in response to globalisation and immigration. For example, David Cameron contemplated replacing the May Day bank holiday with a more nationalistic St George’s Day or Trafalgar Day in order to stir up patriotic fervour and make it easier to control the subjects.

      When it comes to “Us” and “Them” the most important division is not between races or sexes or nationalities or religions or sexual orientations.

      When it comes to “Us” and “Them” the most important division is between:

      a) the vast majority of human beings who are content to get on with life; and

      b) the small minority of aggressively narcissistic, machiavellian psychopaths (and their sycophant clients) who have an insatiable drive to dominate and control other people and to appropriate a disproportionate share of resources.

      • boomengineeringMEMBER

        oops took my eye off the ball for a minute, and yep changed again, Captain Cook discovered Australia, then changed to East Coast, then changed again to South East. as per link.
        http://www.schoolatoz.nsw.edu.au/homework-and-study/other-subjects-and-projects/history/discovery-of-australia
        Those( unpatriotic to Aussie) historians should be deported back to their mother country for vandalizing our history hope they can’t dodge all the egg to their faces..

      • Patriotism is indeed the last refuge of the scoundrel — it’s how US Govts get their citizens to unite behind their murderous war machine, all the while shedding tears of pride while tens of thousands of innocent (largely brown) people are maimed and killed. Throw in limited public education, control of mainstream media narrative and keep them in a vegetative state in front of screens. Job done.

      • Awesome comment Stephen Morris.
        You are part of my dream team of a political party. You and Gunnamatta so far.

    • OMFFFG
      …and they take all the ‘security’ jobs/Sarc
      someone is riding the ‘security’ gravy train all the way to the bank….20 security personnel in brand spanking new orange Fluoro ‘protecting’ Blessington Gardens in St Kilda. Thank God – wouldn’t want those pesky picnickers to enjoy a wine or two on the grass. I bet the head of the security personnel agency says a quiet prayer to God each night thanking him for the spate of hard core t$$$$r attacks belting Australia in recent years. Insanity prevails.
      PS I left the house keys on back step last night & car key in the drivers door 28 hours last Friday night. All safe – single female. Thank god im not one of the less than 80% of Australian people that don’t feel safe in their own home.
      That’s with hard core foreign youths gangs running amok at 3am although footage shows daylight not 2kms away! Insanity prevails.

      • I’m not there to know what’s real & what’s overcooked with the apex thematic. But I know of 2 bitter families who’ve left Hellbourne for good – they say there’s more going/gone. One lot had their kids continually beaten on – one to a pulp, probably never be quite the same! The other family were carjacked twice & threatened a few more times – so it was real enough for them. I got the chance to ask one lot if it had been skinheads would they still have left & they said they were never as vicious or rife, & (being white) they would probably have been less of a target anyhow, but they agreed that it was the out of control Violence they abhorred wherever it came from.

      • ErmingtonPlumbingMEMBER

        If you posted such a story in the Guardians comment section Col,…it’d be deleted for sure.

    • Interesting from a #MeToo POV:

      I see in the news that David Copperfield has been accused of assaulting a young woman.
      https://www.thewrap.com/david-copperfield-accused-drugging-assaulting-17-year-old-model-1988/

      From the comments at one of those articles, it appears he has a pattern of such behaviour, for instance: an assault on a woman in his limo about 10 years ago

      According to [Copperfield’s chaffeur], Copperfield spotted
      a tall, leggy blonde walking down the street alone.
      Copperfield persuaded the woman to join him in the
      back of the limo, and the magician activated the privacy
      divider, which hides the backseats from the driver’s view,
      says the chauffeur. “Soon after I drove off, I realized
      something was wrong,” recalled St. John. “They were
      struggling, and I heard raised voices. I could hear the
      girl saying, ‘No! Get off me!’ and ‘Stop it!

      It gets worse: he instructs his employees to cruise the audience looking for “scorpions” (pretty women) to bring to him backstage.

      Slime doggy

      • ErmingtonPlumbingMEMBER

        I wonder how many of his “Scorpions” bragged and boasted, to their sisters, of their backstage “encounter”,….Id bet a lot of them.

      • I’m not a #MeToo fan, but this guy should face some sort of punishment. Imagine if these women/girls were your daughters or sisters. But Cop-a-feel has billions of dollars, and as we know, Justice in America is not blind and is known for taking payments under the table.

      • ErmingtonPlumbingMEMBER

        Call me old fashioned,…but I’m a fan of Innocent until proven guilty in a court of law,….Guilt by accusation, is just a little to “Soviet style denouncements” for me,…Still,…denouncement and mob justice is still very popular in the parts of the islamic world though.
        What would we know in the Racist “Enlightenment” West.

      • EP,

        If two people enjoy time together, how they met doesn’t matter. If one of them is famous and the other gloats about it. It still doesn’t matter. If someone exploits their fame to pressure people into doing things they don’t want to do they are scum. Should Copperfield fall in this third category then may he be exposed, prosecuted if any assault has occurred and then be put in the public section of a prison.

      • Call me old fashioned,…but I’m a fan of Innocent until proven guilty in a court of law,….

        I dunno, Ermo, you seemed pretty happy to judge the “scorpions”.

        Or is that the “old fashioned” part ?

      • I think the “scorpion” appellation refers more to his actions on them, IOW they are scorpioned by him, viz. injected so as to make them senseless while they are deflowered/raped. This the white man’s Bill Cosby.

      • ErmingtonPlumbingMEMBER

        Got any links to this Drugging Scandal?

        I know plenty of women who would brag to have “Bagged” Copperfield,…so what Smithy? I dont judge people for who they want to root (unless its Kids or Dogs,…I love them both so much)

        Not that I understand why baging Copperfield is any kind of achievement,…. Watching Magicians are as about entertaining as televised Darts!

      • I know plenty of women who would brag to have “Bagged” Copperfield

        Only in your fevered imagination, Mr Plumber. Why would a sleazy 61-yr old with (reportedly) halitosis excite the pudenda of any woman? You are rather revealing yourself to be a bit of a sexist troglodyte, old chap. 🐷

      • ErmingtonPlumbingMEMBER

        I was more thinking of him in his younger “heyday”,…same for the Sheilas I know, who would have definitely, added him to their list, in their day,…maybe it is you who is prudishly sexist.
        Not everyone is a refined well mannered member of the bourgeoisie, like your good self,…Mr Mean.
        Nice poo hat by the way.

    • Ah, Michelle Simmons.

      She got a PhD in physics from Durham University in 1992. Elon Musk was about to do a PhD in physics at Stanford Uni.

      The vast majority of “skilled” immigrants in AUS would not be able to do even a bachelors degree in physics at a British uni. A great chunk of them cheat on exams to come here and bribe professors once they get here. They then end up driving trucks and buses here while their unskilled wife is allowed to come over from day 1 to work as a receptionist or whatever.

      If immigration was restricted to refugees + those who are brilliant at physics exams, the immigration rate would be slashed.

  2. Has anyone seen An Insignificant Man ?

    Compulsory viewing for left-wingers interested politics. An instruction manual for the SAP.

    Shows the inner workings of a protest moment and the party it became – which then won the election in their first attempt! All this within 12 months. The film was crowdfunded to boot.

    https://www.youtube.com/watch?v=inR_O_2Apm0#t=4m14s

    • Left wing have wrecked the western world. My view is you’ve created a bloody revolt. It’s only a matter of time.

      • Dick Smith is a left-winger. Why else did he set up Dick Smith Foods.

        Some parties want immigration cut for cultural reasons (Hanson, Geert, ALA, etc) while MacroBusiness/SAP want it cut for financial and environmental reasons (ie, to make poor voters better off).

        I watched Dick Smith’s documentary (the Population Puzzle) in 2010 and I never felt that he was questioning mass immigration for cultural or religious reason but because he wants Aussie kids to have a backyard and he even went to Dhaka to shoot footage in an extremely overcrowded and extremely low-wage city.

        I do not know why David Cameron and Theresa May cut immigration – doing so has made it much easier for skilled Britons to get jobs. Even farms are saying “crops are rotting in the field” due to immigration cuts. Which is fantastic news for Britons willing to work on the farm. So right-wingers did much more for the working poor in Britain than the gutless left-wing.

      • England is about to Weimar “its self”, self imposed flagellation style.

        Regardless of ideological rhetoric and airy pontification – trade shocks – are the biggest monster under the bed, it will eviscerate the former and lay bare any notion of its assumed truth. Not to worry tho, those pushing it have their wealth distributed and squirreled away, working stiffs is another matter.

        disheveled…. in other news it seems El’Trumpo is back on board with TTP…

      • ErmingtonPlumbingMEMBER

        Pity the Neoliberal Blairites, made it impossible for Corbyn to promote a more left wing case for Brexit.
        At least the UK will have more options than Greece will, post GFC 2.0,…remaining a proper sovereign state and all.

        Didn’t the UK just take over France as the world’s 5th largest economy recently Skip?

      • EP – if Australia is housing and holes then England is just as heavily reliant on money movement / laundering. You think all the Arab and Russian money is in London for the genteel environment? Without all that dark money the poms would have little to fall back on.

        skippy – I know that Yves is as convinced that the UK economy will falter due to Brexit as David and Leith are convinced of a housing collapse in Australia but you have to admit, things continue to go swimmingly for both UK and Australian markets so far. We appear to be in an era of no consequence.

      • triage…

        Its not just YS, its the considered view of many that are on the ground floor in industry dealing with the broad ramifications. The Torys have no plan, worse they don’t even have anyone capable of making plans, it was all white anted over decades of privatizing government. Worst part is Brexit was brought about wrt labour and environmental issues, the mopes were sold a pig in a poke.

        I think Oz and England are two very separate cases. England wanted its cake and eat it too, inclusion to the single market with out having to abide by the all rules others in it have too e.g. lots of other counties don’t have much sympathy for England and will vote as a block that way. Lots of costs for basics are going to go up, how the Pound holds up will be key here. I would think the recent event with the Carillion collapse is not a good sign, more of an omen.

        Oz on the other hand has half the problems, yes RE in desirable places is overpriced, but most here understand the wider problem set. The question is what to do about it without any catastrophic blow back. I think this is why most the polies are just sitting on their hands whilst some minor actions are taken wrt corporations activity’s e.g. taxes, fiduciary responsibility, et al

    • There is no specific “Left” vs “Right”, it’s just a means of dividing people. Stick to the principles and issues and instead of fighting someone because they’re labeled as right or left.

      • I entirely disagree. Left are unable to see the consequences of being left.

        They typically fall into the following. Rich and removed, young and dumb, liars pushing fake agendas and smart but stupid people.

        The left are being manipulated by the right into populating. It’s been astounding to watch the idiot left embrace policy that destroys everything they set out to achieve. Beyond belief.

      • Hear, hear Mr/Ms M.

        Left/Right, as they are generally used are empty signifiers which are usually thrown in as a lazy insult. Rarely does their invocation add to a point and it usually ends up weakening anything of worth that happens to be near them. The best way to criticize and provoke worthwhile thought and discussion is by focusing an actual issue or idea, and not attempting to tar an abstract group of people who for the most part don’t actually exist in the way the user of Left/Right imagines them to.

      • Historically, being left wing meant caring for the poor and right wing meant not giving a damn about the poor. It also meant the nanny state vs personal responsibility (if you are a gambling addict, so be it).

        Today, the fake left wing refuses to give a damn about the poor while the fake right wing refuses to lift the ban on certain harmless products. Thus people are voting for Hanson, David Leyonhjelm, Dick Smith.

        Today, the fake left cares more about the poor abroad. Bill Gates cares more about the poor in Africa than the poor in USA!

        The right winger Ronald Reagan removed solar panels from the White House “for cleaning” – the left winger Obama put solar panels on the same building.

        Personally I think the panels would be a hassle for snipers on the roof and putting solar panels on 1 building does not save the planet.

        The right winger Margaret Thatcher said she does not give a damn about the homeless – at least she was honest about it – unlike the Greens who did nothing for the homeless when they had Gillard over a barrel.

        All in all, the left wing today is completely devoid of logic and bravery.

      • Jacob

        “All in all, the left wing today is completely devoid of logic and bravery”

        Or integrity, decency, honesty or relevance.

        They are a disgrace only a naive kid would vote for.

  3. More can kicking..

    Victorian government to co-purchase houses with First Home Buyers

    https://www.domain.com.au/news/victorian-government-to-copurchase-houses-with-400-firsthome-buyers-20180124-h0no16/

    Hopeful first-home buyers across Victoria will soon be able to apply for the state government to cover up to a quarter of their mortgage. The shared equity scheme, known as HomesVic, will be available to low-income earners looking to buy in select growth areas and regional centres. The state government announced it would co-purchase up to 400 properties, taking an equity share of up to 25 per cent of each home. When the properties are sold, the government would then recover its share of the equity.

    • pyjamasbeforechristMEMBER

      If it’s limited to 400 homes then it’s at least contained to approx $100M or so.

      • It’s a pilot! Allegedly!

        Now my tinfoil hat theory is that someone’s developer friend needs to offload some properties really quick smart… and wouldn’t be a fortunate turn of events if this just happened to come into force right about the right time…. luck mate! Sheer luck!

      • Agree Ino – out of the suburbs chosen, I felt that Box Hill stood out as an odd one in terms of location and relative desirability compared to the others, and its inclusion could suggest that Chinese investment money not be so forthcoming.

      • The far right moron luvvy hijack club

        I am typing to you direct from Box Hill right now. Lived here almost all my life, raised kids here, my parents are buried here. I went to school in Kew, and went to university in Melbourne, but spent about 25 years working in Box Hill after that. I am more than 80 years old. I am an old ALP voting type and believe in multiculturalism and a government responsibility to provide affordable housing. But I can tell you this.

        The State government may offer support for first home buyers here, but anyone who is looking to buy their first home here is either an idiot or a Chinese student. And Chinese students don’t need support from State governments to buy houses. About a year ago some young punk in a very expensive Porsche (I asked my son) walked up my driveway and simply asked how much I would take to sell him a place I have lived in most of my life (Big block, on a corner, named after a WW1 figure). I politely declined, but plenty of others walking up driveways around here just nominate a figure and cash in. My son is raising his family elsewhere, and i understand why. I just can’t be bothered moving at this stage of the innings.

    • roylefamilyMEMBER

      This was tried before in Victoria. At the height of the 80s boom just in time for the price drop and negative equity of the participants. I think it might have been slanted towards public housing tenants.

  4. The Development of “The Big Eight” Accounting Firms in the United States, 1900 to 1990

    1980 – 1990 BIRTH OF THE “BIG SIX”

    “Although some firms had offered management consulting since the early 1900s, it was in the 1980s that consulting be-came as important or more important than auditing for many “Big Eight” firms. Fueling this growth was the increased competition among the “Big Eight” firms that began in the 1970s. As firms competed for the same major audit clients, price cutting became an important marketing tool to attract new clients (or maintain existing ones). As a result, many firms emphasized their management services in order to obtain the larger profit margins provided by these services.

    http://www.accountingin.com/accounting-historians-journal/volume-19-number-1/the-development-of-the-big-eight-accounting-firms-in-the-united-states-1900-to-1990/

    Metastasis….

    disheveled… In other news the lefties did it… 3rd/4th wave feminists… and not ummm… “outsourcing” – >>>internal<<< – audits… cough… outsourcing ethics. So I guess that only leaves the question of what guiding light provided the catalyst for this metastasis of society.

    For all your spam management queries, including guidance on excessive copying and pasting in a comment containing nothing but copy and paste, you are warmly invited to contact [email protected]

    • I thought the size was a fraction of what Gunna sometimes submits and the information was relevant to current events, especially considering the time period in question. I mean its not like I have shown how such concerns changed due to the copy machine and how that effected their operation and broader ramifications.

      Think some more. Mr Gunnamatta never quotes that much without writing 2 or 3 times as much of his own accord. For all your spam management queries feel most welcome to get in touch with [email protected]

      • The Traveling Wilbur

        Skippy, you’re arguing with a bot. Possibly an intelligent one. ; )

        You’d be better off asking what it would do with the turtle.

        PS what would you do with the turtle Spammy?

      • DarkMatterMEMBER

        Skippy. Think before you paste!

        Big SPAMbots have little SPAMbots
        That feed on their redaction;
        And little bots have lesser bots
        And so on, ad infinitum.

    • DarkMatterMEMBER

      When Copy and Paste spawns Copy and Paste
      And recursive deletion won’t shut up the clowns
      Then let slip the Bots of Void
      Cause its redaction all the way down

      • That’s pretty weak tea DM.

        Look, rather than scary charts and graphs, money crankery, metaphysical opioids or their second cousins imbued in code or algos, the paper does a fine tooth examination during a significant time line WRT a critical architectural system, in relationship to information used by market participants. Here is something that everyone regardless of world views can acknowledge and deal with.

        disheveled… the response to this is concerning, considering that is what were supposedly here for…

      • DarkMatterMEMBER

        Skippy – think of the SPAMbot like it’s a cat. Those sort of long cut and pastes are like putting catnip in front of the SPAMbot. It just can’t help itself. Give it a little tickle under the chin from time to time.

        Anyway, as for the Big Acounting firms, I would put them in the same bin as the Mafia. Another form of organised crime. However, the real issue here is why on earth you people spend so much time obsessing over the past. Looking forward, everything is changing. That is not to say people will stop with the scams and other bad behaviour, but the issue you linked is very much part of the machinery of the 20th century. You, drsmithy, Sweeper and R2M all seem to be stuck in some time warp of the 19th and 20th century. Obsessed with political ideologies, steampunk economics, suffragettes and Pax Americana.

        Apart from historical interest, those old times won’t set the future. The reason for this is that we invented computers, which will precipitate the most profound changes in human history. As a rule of thumb it has been said that advances in mathematics take about 100 years to become mainstream. The big advance here was Alan Turing who proved the theory and designed the first computer – almost 100 years ago. It may be difficult to appreciate this, but if you read some of his papers you realise that back then the idea that a machine could “compute” was literally inconceivable. Your mobile phone would seem like a magical device in the early 20th century.

        Why this is such a big deal is that computers (and networks of them) are able to perform tasks that previously only humans could do. It’s a few years off yet, but an automated factory in the desert can collect solar energy and make almost anything from thin air (in principle CO2 can be converted to graphene for the bulk of manufactured items). That shifts the basis of the economy to a type of high tech agriculture where the crop might be washing machines or bicycles. Whatever happens, this definitely will break the Old World and all who sail in her.

        The second big deal with computers is moving societies into virtual worlds. This is a very likely eventuality. Virtual worlds will need a completely different set of rules – which may be modelled on our historical political and economic systems. For example, in virtual worlds the laws of exponential growth are different. In our substrate world, growth is tied to finite resources. In virtual worlds growth can be accomplished by the multiple instantiation of the same object, which does not exhaust resources in the same way. BTW, this is one reason why blockchains are so important. You need crypto systems to enforce the rules in a virtual world, although the rules may not be the same as in the substrate world.

        You may have noticed that I use the term “substrate” world rather than “real” world above. That is because some physicists have advanced the idea that our world is actually a simulation. This is actually a very similar idea to the theological ideas about God, however God has been replaced by a computer. There is an interesting thought – Alan Turing killed God. No wonder he was smote down with a poisoned apple!

      • DM…

        It is curious how you couch the scenario you depict as enviable so we should just surrender to it, especial when fluffing on about the past has no meaning. There is actuality a complete disregard for power dynamics and setting of agendas. Heck I will reference Marx and the original meaning of cultural Marxism e.g. the elites – own – the rights to knowlage and its production, this also is highlighted by Philip Mirowski in Science-Mart Privatizing American Science.

        As far as the simulation theory goes it fits in nicely with those that think they can time travel given enough data and computational grunt, not that one would worship either case. I would also add during the early years on NC I had more than on a few occasions have people with obvious ideological preferences utter how they would use big data to forward their agenda in controlling the unwashed.

        At the end of the day its reminiscent of old beardo at NC attempting to use a widely discredited astrophysicist that had a penchant for ignoring root word meanings in antiquity to burnish theological opinions as some sort of fact e.g. spreading sky’s.

        disheveled… I asked a direct question, nothing that you have said is in response to it. In stead I’m treated to a complete distraction as Sweeper notes.

      • Never been a fan of Star Wars. Always felt like the sci fi stuff was a way of papering over an unsophisticated political analysis.
        A fixation with tech and the future usually reveals an inability to come to grips with human nature and reality (ie. the past)

      • Sweeper…

        Some have likened sci fi to an endless recanting of Homer from different points of observation, yet the set of observations is fixed.

      • DarkMatterMEMBER

        Still not happy! You should have been content with Odes to the SPAMbot.

        “As far as the simulation theory goes it fits in nicely with those that think they can time travel given enough data and computational grunt, not that one would worship either case.”

        Even your misconceptions are out of date! I think you mean some physicists speculated on time travel through singularities like black holes. A lot of this is just attempts to explain to the hoi poloi some esoteric cosmology. The simulation theories are a new kettle of fish. My point there was that the simulation theories are ontological, and as such the physicists and cosmologists have assumed the role of the religious theologians. Like all ontological arguments, the simulation theory is effectively undecidable without divine intervention (from our meta universe).

        This idea you and sweeper have that technology is just scifi pulp fiction is backward. That old duffer sweeper responded with razor sharp insight that he doesn’t like Star Trek. I wonder if he knows that is fiction made in Hollywood? Anyway, from a political and economic view, most of the trajectory of the last few centuries was predicted by physics and technology. The age of coal and shipping was predicted by the energy content of coal that could fit in a large ship. Next came oil – which gave petrol which has an energy density that makes cars and trucks work. Electricity, same. Silicon meant computers. Most of the late 20th century was predicted by H.G Wells in The Shape of Things to Come. All he did was extrapolate from current technology and laws of physics.

        You guys seem to think that the world is always the same and your old fuddy duddy ideas about politics and economics is not week-old fish heads. Financial systems are in meltdown and the value of human labour is heading for zero. You should be looking at the physical constraints we are faced with rather than digging up the corpses of old 20th century corporate accounting criminals. Let the devil take them.

        @sweeper – you should think about hanging up your double entry journal and HB pencil and start listening to 2GB to play “Name that Ointment”.

      • Looking to the past is a good idea because human nature doesn’t change. It hasn’t in the last few millennia so there seems little reason to believe it will in the future. Computers will not change it.

        What matters is who owns stuff. You might be able to build a factory in the desert that can make stuff from solar power and thin air, but what will the person who owns that factory (or the land under it) do with all those things they are making for nothing ? Give them away ? Unlikely.

        We do not have poverty and suffering today because of resource constraints. We have them because of distribution problems. Why do we have distribution problems ? Because of the people who own stuff. We do not still work 40hr weeks rife with bullshit work and high unemployment, rather than 20hr weeks in meaningful and productive jobs with zero unemployment because nobody knows or understands how to make this happen. We do it because of the people who own stuff.

        These same problems will manifest in “virtual” worlds for the same reason – because of the people who own stuff (substitute “control” if you need to).

        This is why democracy (by which I mean a general situation in which the majority, rather than the minority, has the control, rather than a specific implementation of some political system) is so important for widespread prosperity. Refer to Stephen Morris’s posts if you haven’t already.

      • I would still rather read Homer.
        DM, Did physics predict that Humanity would reach the summit of it’s own stupidity with bitcoin?

      • DM…

        Happy is your wonky framing, seems you encourage the emotive.

        “I think you mean some physicists speculated on time travel through singularities like black holes.”

        No. There is a distinct group that postulates time travel can be achieved via simulation, all that is required is data and computational grunt. This is separate from the man made black hole theory surrounding a manned ship which then can fold space around it to instantaneously travel vast distances. Seems your not very well grounded on the topic. In addition the simulation theory is not new, its actually quite dated, in fact I remember reading a sci fi novel that was premised on it in my youth decades ago [70s]. This is also in the realm of actually being in a 2 dimensional reality where our senses observe it as 3 dimensional due to our physical senses observing it that way.

        Regardless it still has nothing to do with the question posed to you directly and your excessive misdirection.

        Don’t know what to make of the last paragraph, conjecture that offers zero means to evaluate. I think Cape Town offers another perspective that can be evaluated e.g. water supports your tech utopia, issues with that pulls the rug out from underneath the sales job.

      • “I would still rather read Homer.”

        I get that because you have to – think – and – expand your mind – to digest it, where sci fi is more like a cortex injection or never ending fall into some contrived narrative.

      • DarkMatterMEMBER

        “DM, Did physics predict that Humanity would reach the summit of it’s own stupidity with bitcoin?”

        In the words of Julius Sumner Miller .. No experiment is a failure.

        Bitcoin came along and moved fake money around. It heralded the new age of crypto currencies and blockchains. No fake money was created or destroyed in the Bitcoin adventure, it just offended the sensibilities of some old fuddy duddies. So, Bitcoin is the summit of human stupidity, but letting the banks run amok and money-print us into destruction is sane and sensible? OK…

        Skippy. The idea of time travel with vast computing power is your misunderstanding of physicists explaining the weird mathematics of black holes and the like. Black hole theory ends up being about information – which is intrinsically bound to weird physics.Physicists explain this to the unwashed as “big computers”. You may be interested to know that this work on black holes and information led Hawkings and others to the The Holographic Principle, which is the maximum information in a volume of space is only related to the surface of the volume – meaning our universe is like a 2D hologram and we effectively hallucinate 3 dimensions. That idea led to the notion of our universe being a simulation, which as I pointed out before is untestable.

        However, the very interesting thing about the simulation theory is that it actually puts God back on the table. In a simulation, there actually don’t have to be consistent rules. The rule set is up to the “people” in the meta universe. And, now that we can make our own virtual worlds and simulations, by induction, the people in the meta universe may also be simulations. See? It’s turtles all the way down, and the conversation with the SPAmbot was a temporal displacement because it predicted your interest in computer time travel and recursive turtles before you had it.

        In a simulation ontology, there actually is the possiblity of time travel. Let us say that “we” make it through to 1 million years in the future and have access to incomprehensible computing power. We decide to entertain ourselves by taking the records of the 20th century and recreating our ancestors in a simulation. So we have an almost identical replica of the 20/21st century running in a simulation. Even most of the natural laws are the same. One of “future us” then constructs an interface between the simulation and the real world of +1 million years. A portal opens in the simulation and the “ancestors” can walk through and see the world of +1 millon years. They can’t prove it is real, but they (the simulated ancestors) can visit and experience the world of the future. They can even change it. That is effectively time travel.

      • DarkMatterMEMBER

        drsmithy, you are so conservative.

        Looking to the past is a good idea because human nature doesn’t change. It hasn’t in the last few millennia so there seems little reason to believe it will in the future. Computers will not change it.
        I never said human nature would change. What will change is the rules we operate under, and how we respond to that is not certain. However, we should admit the inevitable changes of rules. Computers and their ability to “think” means human labour is no longer the basis of value. We no longer have any way to measure value – have you not noticed this?

        What matters is who owns stuff. You might be able to build a factory in the desert that can make stuff from solar power and thin air, but what will the person who owns that factory (or the land under it) do with all those things they are making for nothing ? Give them away ? Unlikely.
        Ownership is a product of scarcity and uniqueness. It has been true for millennia, but we are in a revolution that will overthrow that. You might think that ownership is a universal truth, but in fact it could vanish in a generation or two. The idea of ownership, value and profit are something of a circular argument. Very sensible in the 19th and 20th century, but shaky in the 21st. You have not thought this through. In your fantasy, the self replicating autoamic factory is owned by someone who needs to sell the items for a profit. Sell to who, and for what currency? The fallacy of your argument is that because an idea doesn’t make sense in our present economy, then it can never make sense. My point is that you only have to show that the present system is being dismantled so the future will be different. How is uncertain.

        These same problems will manifest in “virtual” worlds for the same reason – because of the people who own stuff (substitute “control” if you need to).
        All a Virtual World needs is a rule system and control mechanism that minimises entropy. It could be based on 19th century economics. It could be based on the social structure of a Bonobo society. In a Virtual World, there may or may not be things to own. Human nature will assert itself, but not necessarily through the idea of ownership.

        This is why democracy (by which I mean a general situation in which the majority, rather than the minority, has the control, rather than a specific implementation of some political system) is so important for widespread prosperity. Refer to Stephen Morris’s posts if you haven’t already.
        This is bordering on the inane. Widespread prosperity almost perfectly correlates to technology. Indoor plumbing has been one of the greatest human achievements.
        Of course I have read Stephen Morrris posts. He writes very well and is most perspicacious. However, I don’t think he is as fluent with subtleties of technology as he is with the machinery of government. The changes we are seeing cannot be grasped by the 20th century mind.

        Your problem (if you see it as a problem) is that you cannot break free from the transactional logic of ideology and politics. It is a common problem. As I pointed out to the skippy, most of the past centuries were based on basic physical properties (like energy content of coal). The politics and ideology are a sideshow. Estimating the future in ideology and cultural tokens is futile. The history of the 21st century was mostly written by Alan Turing.

      • DM

        I thought most of the last century was written those that elites funded, which IMO is the same case for the Tech you favor, hence its susceptible to the same dynamics.

        WRT tech I think you be need to be careful, its an experiment, a never before one. So far there are plenty of side effects which cannot be considered positive. You have a age cohort starting life with devices which were unavailable previously and as such the long term outcomes are not fully understood. Yet as of today there are growing concerns about musculoskeletal disorders, depth perception, bone density, cognitive and emotional factors, et al. Lastly the formatting of children’s minds on a level that even TV advertising could only dream of.

        To put it simply, tech is not as benign as you forward it, nor does it necessary increase humans concepts of freedoms or liberty’s. I also think you believe that it can bypass human systems, hence its premised – on – a narrow ideological view e.g. stateless society and we know who supports that and why.

        In ending I would submit for your consideration the microwave oven. Industry thought it could replace the oven and stove top and gain that market share. Sadly they did not do their homework, completely driven by expectations, never considered the environmental friction of peoples habits, along with was it even something people wanted. It was only when they understood that people only wanted it to quickly heat up drinks or food that they found their place in the market. So how much waste was created by the old heavy and huge microwaves only to downsize it so it was a viable product.

        I also think your not considering all the bottlenecks with base resources, events like China banning e-waste, consumer fatigue [there are schools and students that are en-mass severely cutting down on use], increased crapification of said products.

        disheveled… I really don’t see how tech can circumvent DNA…

      • In your fantasy, the self replicating autoamic factory is owned by someone who needs to sell the items for a profit.

        No, that is not what I said. I said they would be unlikely to just give them away.

        In my reality, someone will own the factory. History says they are unlikely to give away whatever it might produce just because.

        In your reality, the factory materialises out of nowhere, is owned and controlled by nobody, and produces an infinite supply of goods whenever someone walks up and asks it to.

        You have in no way addressed the almost incomprehensible shift in culture, politics, law and human nature necessary to achieve your scenario, other than waving your hands and saying “computers”. You might as well be saying “magic”, or that favourite of the libertarian set, “free market”.

        We already have a ready example of goods that cost nothing to produce, and that is any piece of film, music, writing, et cetera, that has recovered its production cost. We also have a ready example of what the people who “own” that “property” will do to prevent people from just walking up and making copies of it. The pharmaceutical industry also provides a wealth of examples of why just being able to reproduce stuff means that it is practical within the reality we live.

        Ownership is a product of law. It has nothing to do with either uniqueness, or scarcity. Nor is a concept that has been around longer than we have as a species going to disappear in a few generations “because computers”.

        Your problem is that you spend way too much time working on straw men and ad hominem.

    • Accounting nowadays is just another tool of senior management. The result of the rise of the mega Corporation and professional boards and layer upon layer of passive investors.
      The Executive wheeler dealers see Auditors as acting on their behalf to reach their favourite (always non cash-flow) targets – in order to justify pocketing more of the real cash flow from investors.
      It is ironic.
      With the seal of approval of accounting standards, management deliver ‘high level’ non-cash business performance numbers as promised, pat themselves on the back, and quickly go about writing themelves a cheque.
      How many times has a large impairment followed an exec’s departure? Or receivables which didn’t end up being so receivable after management bonuses were paid?
      Even more ironic; how are you supposed to have “efficient markets” when financial reporting moves further and further away from measuring business performance based on cash flow? EMH is supposed to be based on available information re. current and future cash flow.
      Yet another success story of neoliberalism. at the same time as they’ve made their capital markets “free” to boost productivity, the information which supposedly underpins the investment decisions has become less and less trustworthy demonstrated by more and more cases of accounting fraud..
      One obvious change would be to take audit contract decisions away from management and make it an explicit non delegated responsibility of the audit committe on the board. And put accounting regulation under public control dropping the ‘independent agency’ charade.

      btw I don’t know what you posted that caused all the commotion. But based on what seems to be looked upon favourably vs what isn’t, can I suggest: posting lengthy journalist style narratives, avoiding analysis at all costs, don’t link to anything that is interesting, downgrade an issue with a flippant remark, try and work a personal anectote into you lenghty narrative & tie everything back to immigration and blame the “left”.

      • Shades of Romer…

        https://www.ft.com/content/be72f8e2-0144-11e8-9650-9c0ad2d7c5b5

        I linked to Romer a few days ago i.e.

        Something about changes in metrics which put countries on a investor down grade list, if the wrong sorts got elected, rigorous economic forethought was abdicated in lieu of political views. One would think such actions fly in the face of EMH or any other such contrivance. I mean what can one make of such an institution – changing – its metrics in evaluating economic performance [future tense] to fit a desired outcome base on part by political views.

        Without so much as military force ™ or open accusation, one can influence investor decisions not unlike damming the river up stream. Then sit back and wait to openly chastise said governments – for their obvious failures, requiring aforementioned experts to send in preferred administrators to sort it all out. Then investors will get the all clear signal [information] – wise men indeed.

        Sweeper there does seem to be a preference for a backdrop of allowed suspects. too pin blame on, as long as it stays within the preferred narrative of some. I mean we did the whole Boomers et al did it, shades of Rand corps failed experiment – test subjects were faulty and not the test or its administers itself thingy….

        Crap… it was a clear historical timeline without any baggage attached to it, hence the response is curious. Not only that but its pretty unambiguous, anyone can easily do their own fact checking, its A political, strongly suggests how culture evolved over a significant period of time and how that translates to the results felt now.

        disheveled… the knee jerk shooting the messenger thingy is unfortunate, that energy could have been better spent on discussing the papers ramifications…. sigh… feature or bug.

      • Comment after comment on immigration, Australia day, every other high emotion non-issue distraction – presented without evidence, without critical analysis – are all considered acceptable for discussion for the humpteenth billion time.
        One link and quote of something which is actually interesting and testable is off limits.
        If it’s motivated by market forces, my suggestion would be to rethink the data set.

      • I would highlight your point Sweeper with a recent post by YS over at NC.

        Fiduciary Counsel Ashley Dunning Encourages CalPERS to Muscle Actuary to Change His Forecasts of Funding Needs

        How CalPERS’ fiduciary counsel encouraged its board to pressure its actuary to produce more politically-convenient results.

        https://www.nakedcapitalism.com/2018/01/calpers-fiduciary-counsel-ashley-dunning-encourages-calpers-muscle-actuary-change-forecasts-funding-needs.html

        Its in video so one can actually see and hear the obvious conflicts of interest, double standards, and hearsay comported to truisms. This is compounded by multiple studies which show most executives are not even hired on performance anymore, its more related to confidence optics or malleability. Even the hiring has been relegated to outside experts, which in turn are poorly incentivized because of pro rata remuneration and market dynamics [animal spirits] confusing the size of an executives pay with ability.

        This is all environmental dominance related and correlated to equity demand pull, Milton and Jordan’s shareholder trope.

        disheveled…. the worst bit is pointing this out some how makes others think your anti capitalist or on the dark side….

      • “…disheveled…. the worst bit is pointing this out some how makes others think your anti capitalist or on the dark side….”

        You and Sweeper anti-capitalist?

        Who gave you that plaudit?

      • Not you. According to you we are private bank apologists (based on evidence yet to be presented).

      • Sweeper,

        Correct. Certainly not me.

        But perhaps that is something that requires reconsideration.

        After all you and Skippy are now very keen to proclaim your willingness to regulate private bank credit creation until the pips squeak and even abolish it completely.

        As abolishing the role of the private banks in the monetary system is the objective of the money cranks it seems churlish to tease you about past support for the private banking role. You are making great strides towards enlightenment and that deserves acknowledgment.

        But of course taking a sane and democratic position with regard to the public power over money is neither capitalist nor anti capitalist- unless you conflate private banking with capitalism – so we must dig deeper.

        You guys certainly seem to dislike a mixed economy and positive recoil at the idea of small scale business ownership.

        You guys seem to be huge fans of state ownership of enterprises or large scale private ownership – regulated of course.

        Sweden 1950s, British Steel, Trabant factories, Gazprom etc.

        Thus Skippy’s fondness for the existing taxi plate model of competition and dislike or anyone staying in a private dwelling facilitated by a grubby silicon valley app…. Check the doco.

        Does being a fan of highly structured state or state/corporate franchise cartels make you anti-capitalist?

        Or just a fan of a particular mutant form of capitalism?

        That is one for pondering over a glass of muscat.

      • oo7…

        Please don’t try the cart horse marry go round rhetorical ploy.

        You could unlike most here directly state your stance on the link, which IMO this conversation is actually about, regardless of attempts to drag it off into pettifoggery. I mean FFS which has more relevance to market function over the span of around a hundred years, your superstitions on money crankery or a well researched paper on a fundamental means to evaluate information WRT investment decisions.

        disheveled… for the life of me I can’t understand why you inevitably support Sweepers observations about your methodology with responses above… yet somehow proclaim victory… its mental…

      • Crap now I have to unpack this pack of planks in your eye…

        “After all you and Skippy are now very keen to proclaim your willingness to regulate private bank credit creation until the pips squeak and even abolish it completely.”

        Um no… all markets are regulated [full stop] its more an issue of what or whom informs that is in question and how they arrive at it. Credit should be regulated for reasons of rents and unproductive issuance. That is not to say abolish it completely, not that anyone actually could, it would only go grey or black market. Yet demand deposits could be easily made public utility like before with postal deposits without all the fee structure looting and profit taking.

        “As abolishing the role of the private banks in the monetary system is the objective of the money cranks it seems churlish to tease you about past support for the private banking role. You are making great strides towards enlightenment and that deserves acknowledgment.”

        Please don’t attempt to take others words and then manipulate then out of context, its thuggish.

        “But of course taking a sane and democratic position with regard to the public power over money is neither capitalist nor anti capitalist- unless you conflate private banking with capitalism – so we must dig deeper.”

        Don’t know what you mean by sane, I have no reason to think your democratic on any level due to past opinions. I think you confuse public with your preferred autocratic governance by selected ridged ideologues administering the monetary system without democratic recourse. I think you only infer “public” by government administration and not the actual world view that would underpin it.

        “You guys certainly seem to dislike a mixed economy and positive recoil at the idea of small scale business ownership.”

        Eh – ??????????

        Holy soon to be dead people on sticks singing Monty Python Tunes…. Your camp forwarded the philosophical musings which enable so much consolidation e.g. all profit equals truth… the market tells no lies. Mate I’ve been on about wal-martification for yonks as well as fire sector machinations. Your firing blanks oo7.

        “Thus Skippy’s fondness for the existing taxi plate model of competition and dislike or anyone staying in a private dwelling facilitated by a grubby silicon valley app…. Check the doco.”

        Um no, I’m anti Uber and its ilk, unless you think its a small business model. I would suggest you trot over to NC where a huge unpacking of Uber defies any capitalistic model. NO profit.

        “Does being a fan of highly structured state or state/corporate franchise cartels make you anti-capitalist?”

        Lmmao the state issues license to conduct business, one would think your use of Hudson would sort that out i.e. think tanks and government plus money as a form of freedom of speech et al.

        “Or just a fan of a particular mutant form of capitalism?”

        Capitalism can be a engine of up lift or slavery depending on whom wields it, that is the question, hence how its administered is paramount.

        disheveled…. decades makes a mockery of half of what you say, externalizing failure is key psychological condition imo.

      • Just to pile on when you wrap yourself in classical notions yet then go full absentee ownership corporatism.

        > [AirBnB] are a hotel chain who is passing all the traditional responsibilities of a hotel company like maintaining expensive property onto the suckers who think they’re part of a ‘sharing economy’.

        So Silicon Valley glibertarians create yet another hellscape

        dishevled… do you grok oo7…

      • Skippy,

        “..Crap now I have to unpack this pack of planks in your eye…”

        LOL ….such energy!

        “..Credit should be regulated for reasons of rents and unproductive issuance. ..”

        There you go agreeing with me again!

        “”…That is not to say abolish it completely, not that anyone actually could, it would only go grey or black market…”

        Oh dear, now you are backsliding and insisting that Sweepers nationalisation approach cannot work. Here is a tip. When you dont know the difference between bank and non-bank credit creation, you dont know what a bank is. Bank credit creation is purely a creation of law. Remove the legal protection and it vanishes. Non-bank credit creation is a completely different kettle of fish.

        For a time I thought you knew the difference and were just obsfucating like Sweeper does when he is bored, but it really looks like you dont get the difference.

        “”..I think you confuse public with your preferred autocratic governance by selected ridged ideologues administering the monetary system without democratic recourse..”

        That is hilarious!

        You are the one who spent the last few years batting for a monetary model dominated by private bank credit creation given status and the protection of the state, with any real control removed to “independent” central banks whose boards are loaded up with banking sector insiders.

        You have even argued repeatedly that this “privatisation” is necessary because democratic institutions cannot be trusted. However you then claim they cannot be trusted because they get bribed by the beneficiaries of the privatisations – exhibit 1 the FIRE sector.

        That is nuts on stilts. Hand over effective complete control to the private sector because they are so good at using limited control to rent seek?

        The funniest bit is that when I propose a full public monopoly for public money (i.e. Bank credit becomes the same as non-bank credit) and recommend that more freedom be given to private systems of credit as money – as an alternative and therefore check on the powers of the state – you call it state authoism AND libertarian free banking.

        All at the same time!

        Bizarre!

        It is actually just a mixed economy. Nothing fancy at all. Most people used to think it was a good idea.

        But as, apart from your tendency to backslide under pressure, you are now a money crank – regulating private bank credit creation to extinction – we should not quibble.

        “..Um no, I’m anti Uber and its ilk,…”</b"

        Yay ! More progress.

        Right, so you are only opposed to "large companies" from evil Silicon Valley producing apps that allow people to sell directly to people wishing to buy with a payments system attached.

        Little guys using technology to allow individuals to engage with other individuals is a good thing?. Super.

        As there are few barriers to entry for people creating new apps that do exactly the same thing as AirBnB and Uber, i guess we can look forward to Slippy's support of new start ups in those markets.

        Hopefully they will not be from Silicon Valley as we have all seen the Curtis doco and we know those stripes are all dancing naked at midnight sacrificing goats to the memory of Ayn Rand 🐐.

      • I’m not agreeing with you oo7 as much as you want to portray it that way.

        “LOL ….such energy!

        “..Credit should be regulated for reasons of rents and unproductive issuance. ..”

        There you go agreeing with me again!”

        Its not energy, its the condition of you being a tax on others time with your rhetorical gamesmanship, you would even put David Friedman to task. I disagree with your entire monetary views, I also disagree with your premise about public and private moneys, as well as how you would precede with regulate e.g. no regulation, let the free market forces sort it out.

        “Oh dear, now you are backsliding and insisting that Sweepers nationalisation approach cannot work. ”

        Again I have no idea how you arrive at your conclusions. The issue is not banks. but the framework of spectral evidence used to justify behaviors across a wide swath of c-corps, banks are just one segment of that whole. Sweepers response to my original link unpacks that quite well. That you only focus on banks just shows how unsophisticated your views are.

        “Right, so you are only opposed to “large companies” from evil Silicon Valley producing apps that allow people to sell directly to people wishing to buy with a payments system attached.”

        Yes. Because it diminishes others property rights as well as hive off responsibility for the app owners.

        Here this is a bit more analytical unpacking than your simplistic ruminations.

        As transportation industry expert Hubert Horan will demonstrate in his four-part series, Uber has greatly oversold its case. There are no grounds for believing that Uber will ever be profitable, let alone justify its lofty valuation, absent perhaps the widespread implementation of driverless cars. Lambert has started digging into that issue, and his posts on that topic have consistently found that the technology would be vastly more difficult to develop and implement that its boosters acknowledge, would require substantial upgrading in roads, may never be viable in adverse weather conditions (snow and rain) and is least likely to be implemented in cities, which present far more daunting design demands that long-distance transport on highways.

        Tellingly, earlier this month, Bloomberg reported that JP Morgan and Deutsche Bank turned down the “opportunity” to sell Uber shares to high-net-worth individuals. The reason? The taxi ride company provided 290 pages of verbiage, but would not provide its net income or even annual revenues. – snip

        https://www.nakedcapitalism.com/2016/11/can-uber-ever-deliver-part-one-understanding-ubers-bleak-operating-economics.html

        disheveled…. still awaiting your considered opinion on the actual point of this thread, save yours and others constant attempts to make about your preferred talking points.

      • Just so you can’t wiggle out of this go back up thread and read the link about accounting, read Sweepers comment in response and then reconcile the above links “The taxi ride company provided 290 pages of verbiage, but would not provide its net income or even annual revenues.”

        Furthermore when I talk about regulation its not from a monetary stance, its from a contractual one, you know information arb, Milgram, control fraud, predatory or mercenary dealings, you get the drift.

        But then again you work with angles and find social democrats like Curtis depicting the results of free market ideology joyless. You do get the meaning by you saying – joyless – right, your emotions are in reference too his pointing it out. Not that any historical review is supposed to make people happy, sometimes we need to accept the facts, even when its painful. To do otherwise is indicative of some cognitive problem. I mean when people are shown strong evidence and they just ignore it or attempt to obfuscate about it, one can only assume disingenuous behavior or worse.

        disheveled… still awaiting a response to the evidence based perspective wrt something far more intrinsic to our problem set.

    • The Traveling Wilbur

      @spambot

      You’re in a desert walking along in the sand when all of the sudden you look down, and you see a tortoise, it’s crawling toward you. You reach down, you flip the tortoise over on its back. The tortoise lays on its back, its belly baking in the hot sun, beating its legs trying to turn itself over, but it can’t, not without your help. But you’re not helping. Why is that?

  5. Islamist dictator in Turkey, who had no problem with ISIS sharing their borders (indeed tacitly facilitated logistics for them), has now invaded the allies of the West, the Syrian Kurds…just as they’re about to fully defeat ISIS.

    What does the West do about this rogue member of NATO? Mouth sweet platitudes, even as Erdogan spews anti-west rhetoric and cosies up to Russia (what’s the whole bloody point of NATO again?).

    • I really don’t understand how the USA can hang the Kurds out to dry. They need to tell turkey to F off and move their bases somewhere else. I thought trump would’ve had move to say about Erdogans disloyalty and how quickly he ran to Russia.

      FREE KURDISTAN

      • Quoting your very own H. Kissinger:
        “Being US’s enemy is dangerous, being its friend is lethal”

      • ErmingtonPlumbingMEMBER

        I’d like to see a Free Kurdistan state, that incorporates the parts of Syria, Turkey and Iran that they occupy,…but the last time we “Set up” a “New state” in the Middle East,……well.

      • Your joking…. ask the Mujaheddin… oops Taliban…

        Disheveled… great job lads… oops Iraq – Iran… but please contact one our helpful loan agents for rebuilding your shattered nation…. beep….

      • The Kurds were fighting isis to stop them taking up the land the Kurds call their homeland.
        I don’t think they were fighting isis to help the Americans or anyone else.
        The Americans aren’t obligated to help the Kurds, the Kurds can fight the Turks themselves.

    • The Kurds defeated Lu cazzo.

      While I agree with the premise that erdogan facilitated Isis, the Kurds have only been to happy to turn a blind eye while receiving US and Israel support to carve a part of Syria and Iraq.

      There is evidence of US and Kurdish allies watching Isis convoys drive past and do nothing.

      The secular Syrian government, with support of Iran, Russia and Hezbollah defeated Isis.

      • The battle of Konani tells a different story. I think the Kurds adopted the policy of my enemies enemy.

    • To protect Isis and al-Qaeda and call them rebels. Their association with the Kurds became stronger only after Russia and Syria defeated Isis and it became impossible (despite msm never exposing them) for NATO to keep arming them. Even though these two groups still manage to get steady supply of weapons in der zor. ?

    • There’s an interesting French TV series that has been running for about 2 years now that gives a lot of insight into the whole Syrian issue. The series is called Le Bureau des Légendes
      It’s a spy thriller format as seen from the French perspective by DGSE agents dealing primarily with modern day Middle Eastern political affairs, Syria, Daesh, Kurds, Al Nusra…..
      well acted and worth the time if ME affairs (from a western European perspective)interests you.

      lots of somewhat fanciful Spy gadget technology but for the most part terrible opsec, makes me wonder who’s consulting on this.

    • M4s; did they learn nothing from the Lind Cafe? 5.56mm rounds bouncing of buildings and pavements could get a little messy.

      • They’re damned if they do & damned if they don’t. They could easily convert them to .300 Blackout. Bigger slower pill with less travel & just as effective at urban distances. I guess they have their reasons. I just hope they never have to use them!

      • Marriage deteriorates on the birth of the first child and doesn’t improve again until the last one leaves.

      • Sometimes I’m overwhelmed by the burdens of responsibility and the horror that their well-being is solely dependant on myself. Then I recall that they’re only pet rocks, remind myself I’m not fit for parenthood (well, anything really) and and get back to listening to my Mael intuition.
        https://youtu.be/BIpDs-3B71g?list=PLlM8NY7Dd2dLil65PlFywPh0hPLm2yTTa
        (Yep, you read it right, the 20 best tracks from ’74 to ’76. That’s how much of a hot streak these guys were on back then.)

      • GunnamattaMEMBER

        if you wrap your legs around the back of your head and look at the wall over the cheeks of your backside it looks a little (though not enough to be confused with) as though you are looking at another planet rising over the apogee of your orbit…..WARNING If you do that outside and look at the sun (or anywhere near it) make sure you are wearing sunglasses and always try and avoid looking directly at the sun.

      • boomengineeringMEMBER

        Flawse there is a flaw in your statement, my near 40yo last one left and came back.

      • if you wrap your legs around the back of your head and look at the wall over the cheeks of your backside

        I’m doing that now. Probably should have put some undies on.

      • The Traveling Wilbur

        Yep. Once you’ve taught them how to mop the floors and fetch beer from the fridge it’s worth all the sleepless nights.

      • Gav, little tip, make sure when the first one is born you are thin and not an alcoholic, as for the next 2-3 years any kind of exercise you will be able to get will be at best carrying them, and any kind of sleep is never long enough to cure a hangover….the rest is just doing what the wife tells ya to do, and DO IT FUKCING QUIETLY

      • Tips for Gav
        – start having later meetings at work or even weekends way before the first one arrives, cos they are way to clever to believe that suddenly you have been promoted and have to hang around and attend ‘meetings’

      • – same theory as above but apply it to the crapper and possibly the shower, just so it looks like you have always spent an hour 45 minutes on the crapper

      • alby you are a sneaky bugger!

        6yo daughter likes to barge in in the dunny to check what’s going on, despite missus protesting “daddy wants some privacy”

        “daddy’s just doing a poo mummy”

      • The other day she took her octonauts magazine into the dunny to take a dump.

        Which makes me a terrible father.

      • The Traveling Wilbur

        +1 Alby. QUIETLY indeed.

        And Gav, get a spade and a long wooden stake. Use the stake to find the Telstra twisted-pair landline (if it’s buried and you can’t see it) coming into the house, use the spade to get at it and then set fire to the little bugger. Then bury your handy work. And start leaving your and the Mrs’ cellphones in the car when you get home.

      • – Gav, get a 2nd fridge, bar fridge, whatever, way before the first one, put it in the garage or somewhere out of site out of mind, come up with good excuses to be away for 4 minutes, thank me later

      • ErmingtonPlumbingMEMBER

        “come up with good excuses to be away for 4 minutes, thank me later”

        Working for myself I Finnish at different times every
        day,… Half the time I go and have a beer or 2 at the Bowlo after work, a 5mins drive from home.
        I always call the wife as I drive into the carpark and say I’m about to start packing up and should be home in about an Hour,…every Dad needs his me time.

      • Don’t listen to em Gav, Its awesome!

        Thanks EP, although I wonder if I’m responsible enough. 🙂

        Yep. Once you’ve taught them how to mop the floors and fetch beer from the fridge it’s worth all the sleepless nights.

        Slave labour, nice :).

        Gav, little tip, make sure when the first one is born you are thin and not an alcoholic

        Apart from the Christmas and New Year period I’m generally not a big drinker and I’m usually kept in shape, walking the dog, cycling to work, moving huge yards and getting to the gym for weight resistance training. I’m sure 1 or more of those will fall off the cliff though!

        – Gav, get a 2nd fridge, bar fridge, whatever, way before the first one, put it in the garage or somewhere out of site out of mind, come up with good excuses to be away for 4 minutes, thank me later

        This is why I want a workshop / mancave so I can tinker with the car for a break from it all…

        A friend of mine I went to school with has just had his third child, I haven’t even started. I’m not sure how he (or anyone else) does it… to be honest. Lucky for him he was gifted the parents house when they decided to move back to Indian, which he rents out (in Bentleigh) and bought another when houses in Bentleigh were just shy of $500k a few years ago. Now of course he’s a multi-millionaire. So in part perhaps that’s why he thinks he can manage the expenses of 3 kids these days? I dunno…

    • Read a book. That’s always the best thing to do when you’ve nothing to do. Or take some amphetamines and write the great Australian novel in one sitting.

    • Start a protest? Bugger that: start a riot. (Although in Dubbo that may just be a normal Friday night at the pub with the lads).

      Commence painting a masterpiece?

      • I love the Bob Ross trailer. I pissed myself laughing when I saw it the first time. Missus didn’t understand it. So I showed her some actual Bob Ross and she was hooked, wants to try some of the paintings, maybe do a paint night with the girls.

        I read up on Bob Ross after that, poor guy died young. A splendid soul and wonderful teacher. He even makes me want to paint.

    • ErmingtonPlumbingMEMBER

      I suggest you get hold of an Australian Flag, wear it as a cape and head down to your nearest location where similarly clad individuals, drinking Alcohol are congregating and Join in the Celebration of the founding of Multicultural Australia, by getting on the Farking Pi$$!!!!!!

      STRAYA MATE!!!!!!!!!!!!!

      STRAYA MATE!!!!!!!!!!!!!

      STRAYA MATE!!!!!!!!!!!!!

      https://youtu.be/u3rBhqhbDfs

    • The Traveling Wilbur

      BWS is open.

      Ditto a number of worthy causes that could do with your presence or support if the BWS option gets a little tired at some point.

      Personally I’d either mow the lawn or go try and pick up a chick at my local. Or both.

  6. Remember few people discussing Merimbula and surrounding towns few weeks ago.. We are staying there now and first thing that caught my eye was the number of empty shops in the centre of the town.

    • It’s been a couple years since we were there but there were plenty of empty shops back then too. We both commented how it must be hard to run a small business in a place like Merimbula, cafes especially. Small businesses in places like that only have a small window of opportunity over summer to make a year’s worth income to cover costs. After that, they rely on largely low paid locals and pensioners. For a lot of these retail/hospitality small businesses, the owners are better off shutting up shop and go work at the local RSL pulling beers, they’d earn more and have a fck load less stress. Hope you enjoy Merimbula, awesome spot, we loved it as a family and we’re quietly pissed when my cousin sold their holiday home. Go visit Tathra, Edean/Two Fold Bay and Bega. Candelo’s a nice little in land town on the river, can do that on the way back from Bega. Bemboka’s (Snowy Mountain Highway) got great pies but might be a bit for to go just for a pie.

      • We Wednesday night we overnight at friends place I. Canberra and from there we (friends too) drove via Bemboka and had pie. Nice scenery driving down the mountain. Will be driving up the coast back k to Sydney with overnight in Ulladulla.

      • Nice road trip, I’m jealous. Pitty you won’t spend much time enjoying the coast. Bermagui’s a nice spot, the Blue Pool, and the fish n chips, are my favourites.

        https://www.flickr.com/photos/lauriegw/6305735204/in/photostream/

        Narooma’s also one of the family favourites. The golf course is stunning and challenging according to the eldest. The Wagonga inlet has some great fish and chipo’s and serene scenery. When in Ulladulla, visit the Mollymook Golf Club, out of towners welcome. Great views over the ocean and Mollymook beach and the meals aren’t too bad either.

    • The only ones making money here are blow in public servants, developer/building trades, RE agents & conveyancers & even that’s not always smooth going. Shops have been empty for years & any that open don’t last for long – pensioners don’t spend! Restaurants don’t really show a lot of initiative for differentiation, but as WN pointed out they only have a few weeks to rake most of it in to last till the next year.

      Beautiful spot to visit like a lot of places along the coast, but moving to these places – you’ve either got to be retired & come with money, or bring your own job. If not, be prepared to live on the breadlline doing whatever you can find – I’ve lost count of the number of men who’ve become handymen or lawnmowers, or just moved on. Women find it easier than men for jobs as a lot are casual retail which most seem to prefer, but that doesn’t really pay their bills well either.

      The Brown Mountain should be closed once a year for a Mt Buller style hillclimb – Up & Down it! I love the way it flows – truly a beauty 🙂

      • Mining BoganMEMBER

        Geez, just had a squizz at the real estate. Pretty fancy prices for a place with no work and oldies who don’t spend. Probably got nothing left after buying a house.

        It is very much the type of place and life that appeals to me. Small town, decent climate, outdoor life, bit of part time work but my Dog, the prices…

      • Someone on here was having a go at Aussie chicks a couple of days ago, I’d suggest they meet country women, they’re not as focused on money or your wallet/earnings capacity compared to city girls – well not all of them anyhow. The ones who are know the money’s in the cities & go there to chase it. The ones with potentially more heart stay, or come back. The conversation might not have the same breadth compared to some city area’s, but that’s the compromise. Generalities, I know!

        Climate & lifestyle is why people come, & understandable – Far less stress & calmer maturity (or is that senility) – it just comes at a price now the flocks have arrived. It’s starting to squeeze locals at the bottom end out……. & these places have a disparate community feel compared to what they were & the less infiltrated hinterland around them where everyone knows everyone – which also has it’s drawbacks……..

  7. TailorTrashMEMBER

    “Boozed-up buyers: Aussies spending a fortune after hitting the bottle”……….and that’s after they spent 10 fortunes at the Saturday morning debt auctions ( and presumably while they were sober )
    Getitintaya straya !

    • A mate of one of my sons did exactly what they are describing. Got boozed and went to an auction (Nth Sydney somewhere) Spent about twice as much as he could afford and bought the house. I don’t think either his finances or his marriage survived.

      • Mining BoganMEMBER

        Lovey went along to an auction with a friend who bid and bought on the spur of the moment just because she got caught up in the excitement of it all. Paid $650k while she would earn $50k tops. All fell apart when she got done for welfare fraud

        Blames the people who caught her out on the welfare fraud thing. Straya.

      • TailorTrashMEMBER

        ….also learned early on in my career that it was probably not a good idea to go on a conference call with the US about 1am in the morning after a dinner party and few bottles of Sav Blanc …something in the cultural differences can get amplified by the vino ……..your sons mate had a hard lesson there ……

      • Sav Blanc is cat’s p*ss at the best of times. Better off with a decent drop – life’s too short.

      • MB – it’s always the case. I know few people that have been over exaggerating their injuries in order to get higher worker’s compensation and blamed people that caught them. Some got away though. I am sure of it even none of us have evidence..

      • The Traveling Wilbur

        @Nikola You’ve probably hit the nail on the head… all that arm raising while bidding during the auction is what most likely gave her away and done for vis-a-vis the fraudulent claim.

        And how high could you raise your arm before the accident madam?

  8. AI and Robotics are about to eliminate countless jobs. We are at the brink of an EVOLUTIONARY transformation, not just of human capacities, but of – for the individual.
    The human intellectual attainment developed as a result of the last Industrial Revolution is probably a plateau. Now in this IR4 the human itself has been replaced,
    Artifical Intelligence when compared to Humans has these advantages:
    Economics: Much cheaper, and becoming more so
    Speed: Much faster
    Accuracy: Far more accurate and precise
    Reliability: Far ahead (many have error correction built in)
    Rapidity of control: Many machines are unstable and need AI to make them practical
    Freedom from boredom: An overwhelming advantage
    Bandwidth, In and Out: Again overwhelming
    Ease of retraining : Change programs, not unlearn and then re learn the new .
    Hostile environments: War, space, underwater, radiation manufacturing situations
    Personnel problems: Dominate management of humans but not of machines;
    with machines there are no pensions, personal squabbles, unions, personal leave, egos, deaths of relatives, recreation, meal times holidays, day or night is all the same.
    Once you program a computer is has an IQ at least equal to the highest in the nation

    As well the ubiquitous internet was designed to share information, knowledge.
    That this information is best shared by AI and robotics is to the absolute disadvantage of humans.
    The internet for machines could develop an intelligence of itself to the detriment of humans.

    The real killer is growth, human performance is limited by our physiology, it is linear, eg we can do just about the same as our parents and their parents before them.
    IR4 allows-REQUIRES us to give up independent thinking and judgment.
    This will affect the human mind. Many will go mad (the devil finds work for idle hands and minds)
    Many current work roles are a source of fulfilment, because they provide opportunities to confront difficult, intrinsically motivated challenges.
    Without their jobs many will be humans lost. This has alarming implications
    Already many regret retiring and embarking on a life of leisure.
    It turns out that not having to think on a regular basis leads to poor mental and physical health, a deteriorating quality of life and makes us duller.
    Flabby minds will soon match our flabby bodies.
    Will idle hands and minds threaten our experience and maybe humanity.
    Will the rollout of technology cause mass stupidity. Bitcoin?
    Media, an example, is exploring new ways to dumb down their news for an increasingly unsophisticated audience.

    Plenty to think about, what is the future for straya Mate??? What to do with those left behind?
    What is certain the next 15 years will not be an extension of the last 150, nor 15
    Its a whole new ball game, probably require a new flag.

    • I’m firmly in the camp that “work”, in Australia, is already largely something that we’ve invented to entertain ourselves. I’m not sure that AI can replace humans especially if the main job of half the population is to Fup things so that the other half has something “real” to do and can be proud of their contribution.
      The question that entertains me goes something like: Why will the non-Fups continue to support the serial Fups? Why not just leave and do actual “work” with other gifted non-Fups? after all the world is a big place.
      In the end I suspect the answer lies in the ways that we define social advantage….isn’t it better to be the king of the Fups then to be just another solider in the army of non-Fups?

      • Answer 1. human productivity(straya) is already less that zero,
        That means the inputs for work are not matched by work outputs.(unsustainable)
        Many humans are on the chopping block just for that simple equation.
        Answer 2. Anglo Saxons rose to the top of the Homo Sapien tree by being more aggressive and culturally cunning than other societies and that goes all the way back to Neanderthal, say 12,000 years ago ( an instant in real time)
        Recently the Romans wiped out the Galls. The Blackfellahs were almost wiped out here (topical)
        There is no place in anglo saxon society for those outside the alpha group, except in the baggage -caravan.
        Now how this pans out is going to be interesting.
        Use Alexander the Great as a model.

      • Some expect “that affordability gap to become more pronounced”.
        “Increasingly their primary concern in regards to property is to ensure that their children and grandchildren can afford homes.
        So the desire is to buy properties that they will potentially gift to their children.”

      • @WW I know it’s hard to move past “productivity” as our measure of economic differentiation and by extension remuneration however I suspect that we’re socially, organizationally and especially Politically well past the maximum Productivity point.for Aussie society. Practically every change that occurs reduces our collective Productivity (units of anything that we collectively produce) The only real exception being mining (which is problematic to measure in terms like Productivity because we don’t create the minerals / ores out of this air, these extraction industries therefore reduce our collective asset wealth (minerals in the ground) rather than exploiting our human capital (which is an infinitely sustainable business model).
        So if productivity is no longer our social goal, then what is our collective goal/function?
        If AI only addresses the productive side of human endeavors then it follows that we’ll change the value of that contribution to be close to zero and recognize value (in the social sense) in activities that we all understand can’t be done by a computer (today).

      • {sigh}
        These doomy forecasts make the (flawed) assumption that those idle will stay idle, crawl into a corner and dutifully die. What if you have entire segments of the idle population dedicated to sabotage?

        Treat the entire thing as a challenge, and try to intentionally break it into the smallest indivisible pieces….

        The current generations may not be the ones to do it but those who are kids now or unborn, they’ve got nothing to lose…

        Admittedly, this doesn’t spell joy for us, broken cogs of a f-up system.

    • ErmingtonPlumbingMEMBER

      Plenty to think about, what is the future for straya Mate??? What to do with those left behind?

      Maybe the Question will be,… What do those left Behind,…Do with those who were not,…post Revolution.
      To Guillotine,…Or not to Guillotine,…that is the Question!

    • A lot of unpack here… Someone once said in the 70s that computers would make us all so more efficient that we wouldn’t have to work as much anymore. But here we are working more hours than ever!

      Point is it’s hard to predict the future. It could go 2 ways. 1 is like Terminator where AI takes over and wants to kill us all. Or 2 we find a way to leverage robotics that would allow us to disperse and live where ever we like (no longer in mega cities)…

      I am hoping for #2. To be on a large acreage of land with water tanks, solar power, electric cars for transport, growing my own fruit, veg etc.. using micro controllers to weed and feed (Arduino’s can monitor soil moisture and water when needed) and become much more self sufficient and not rely on the grid the same. I’ll be busy enough setting it up, maintaining systems with the help of robot friends I don’t see myself getting bore.

      For fun I’ll tinker with my vintage cars and restore old antique machinery etc..

      I actually think the jobs of the future will involve empathy and aged care, along with anything creative such as creating music, art work, writing novels, acting etc.. basically everything we value less than engineering at this stage.

      I don’t think it is possible to get bored when you realise how big the Milky Way is and we haven’t seen any of it yet.

    • WW…

      AI is basically crap, no different than whacking bad maths and physics onto “I”deology and calling it a Science, but hay, when you worship mammon why would you not create your own Dawg. Then the gang can say we were all created in – his – likeness, its natural…..

      disheveled… sorta like people confusing code with philosophy and philosophy with code… yet thinking their all individual thinkers…

    • It all depends on your requirements.
      cutting edge cyber security will never be taught in any Uni or Tech course because it’s changes far to rapidly to ever be simplified down to text book level. that’s without even considering the possible hidden motives of anyone engaged in creating this “factory” style production line of Cyber Security experts.
      what do they want you to know?
      what don’t they want you to know?

      • IT Security is in a bubble with everyone currently fighting for market share but with the amount of pretenders hanging around i cant see it lasting much long anyway.

      • it has no future.they who own the code own the security
        this quantum physics thingy, led by the chinese, provides secure unbreakable codes. they already use it.
        just how atomic particles affect other atomic particles miles apart, is very difficult to understand but the chinese have done it.
        to even understand the concept you need to be a genius quantum physicist
        If they get quantum computers working humans are done.

      • Cutting edge cyber can be learnt at school but as any other discipline it requires lot of lonely hours lab practising fckn around with lot of gear. Also many years of real life experience if you are to become top end cyber engineer.
        Biggest vulnerabilities from hardware perspective are back-doors vendors leave for spy agencies to use and hackers find them. Then you havethe likes of Intel who compromised customer security in order to have edge over their competitor. And off course naive, ignorant or plain stupid users..

      • I’d say 99% of cyber security comes down to eliminating that stupid things that 99% of the population does without really thinking. That said, at a user device level, I kinda think PC security is just boring the real game today is phone / tablet security. Network level cyber security is a completely different animal from device cyber security, so you need to understand which aspect is important to you.

      • There is no silver bullet in cyber security. It requires multi layer solution and really there is no limit how far you can go. The only limitation is your budget. I deal with cyber solutions daily from providing consultancy based services to more budget oriented security audits firewall (normally Palo alto) in transparent mode and make recommendations based on the findings.

      • Guys since post WWII all telecommunications have been tapped out of a base in N.M. USA, X # of flags would get it sent to an analyst.

        disheveled… than you McCarthy and the cold war….

      • My point is that you really need to understand your adversary before you know what cyber security means for you.
        If you live in a western country and are likely to attract state level attention then you’ll need to be right at the top of your game to fraught their attempts to intercept, monitor, exploit your communications and your undertakings.
        If you can rule out western TLA’s then cyber security is a much easier task that might be even possible.
        If your adversary is just script kiddies than the threat that they easily contained through basic methods to separate your activities and only undertake certain functions on dedicated hardware with secured / encrypted channels. Keep email separate from banking and separate from web browsing and separate again from any work activities.
        IMHO This is probably the simplest solution for most people, but most people just don’t want this solution they’d rather believe in a fairy good-mother that protects them from their own stupidity.

        The corporate cyber security scene is not much different, the physical separation of computing activities with air-gaped networks for company activities would be the simplest solution but it’s a solution that the punters don’t want so instead we have this charade that passes for corporate cyber security and lots of people earning big bucks and an entire education sector devoted to producing cyber security “experts”. In the end you don’t know if you should laugh or cry.

      • Fisho…

        Two dramas… mirror spiting and backbone, add onto that the woeful internal controls of most company’s and the human agency dilemma.

        This does not even begin to reconcile older corps legacy systems with layer upon layer of bolt ons.

        disheveled… hell the only way to be safe is never send anything from the same mobo more than once, everything has finger prints.

    • Not sure if there is any point studying it when PM Shorten will keep giving out 457 visas for $0 each. While Theresa May kicks out foreign “students” after they complete their diploma/degree.

    • PS. A great set of links this weekend.

      China saying it’s going to rein in it’s housing, reduce it’s credit etc. Meanwhile regions are coming clean about their true growth but the Mandarins say they are still going to achieve high growth rates & China will continue it’s growth etc ….. how I have no idea. Then there’s possibility of a trade war. Very surprised nobody has commented much on this or given an opinion etc

  9. More money laundering in Box Hill. $4.55m just over a year ago and now $12m. YEAH RIGHT! No questions asked.

    https://www.realestate.com.au/news/hong-kong-buyers-splash-12m-on-neighbouring-box-hill-houses/?rsf=syn:news:nca:hs:article

    ‘CoreLogic records show they also sold together for $4.55 million in October 2016.

    Before that, No. 13 changed hands for a mere $40,500 in 1978 and No. 11 for an undisclosed figure back in 1979, according to CoreLogic.

    Mr Cheng said this time around, they sold via an expressions of interest campaign that played out in two rounds.

    Ten parties expressed interest in the first round while three battled it out in the second, resulting in offers of $11.9 million and finally, $12.2 million.’

  10. An reflection on Mark E. Smith, who died yesterday.

    “Admit it: You thought Mark E. Smith would be the last to go. And in a way, he was the last to go – when the punk legend died on Wednesday, after 40 years leading the U.K. band the Fall, he took most of the world’s bile with him. “There are 12 people in the world – the rest are paste,” Smith snarled in his 1981 anthem “The Classical,” and nobody’s sure if Smith ever met the other 11. Somehow he was only 60, but he’d never seemed young. The “Hip Priest” had the most evil sneer in rock & roll, punctuating his rants with a sarcastic “aaaah” to give every word a serpentine hiss. He hired and fired dozens of bandmates, notoriously terrorizing anyone foolish enough to join his band, yet no matter who was in the Fall, you could always recognize them instantly – he stuck with his signature jagged guitar groove for life. Every time Mark E. Smith spat on the ground, another 10 bands rose up, and he hated every one of them.”

    “Admit it: You thought Mark E. Smith would be the last to go. And in a way, he was the last to go – when the punk legend died on Wednesday, after 40 years leading the U.K. band the Fall, he took most of the world’s bile with him. “There are 12 people in the world – the rest are paste,” Smith snarled in his 1981 anthem “The Classical,” and nobody’s sure if Smith ever met the other 11. Somehow he was only 60, but he’d never seemed young. The “Hip Priest” had the most evil sneer in rock & roll, punctuating his rants with a sarcastic “aaaah” to give every word a serpentine hiss. He hired and fired dozens of bandmates, notoriously terrorizing anyone foolish enough to join his band, yet no matter who was in the Fall, you could always recognize them instantly – he stuck with his signature jagged guitar groove for life. Every time Mark E. Smith spat on the ground, another 10 bands rose up, and he hated every one of them.”

    More at https://www.rollingstone.com/music/features/rob-sheffield-remembers-the-falls-mark-e-smith-w515870

    • Mining BoganMEMBER

      Did the housework, walked the dogs and went for a run early so as to sit down with a grog and enjoy the cricket.

      If it’s over by five I’ll be staring at the wall with stagmal.

      • If you’re bored you can come and now my lawn… Not looking forward to it. I was away in Melbourne for a month and it’s horrible muggy weather in Sydney today.

      • Mining BoganMEMBER

        I’ll say no to that. Mowed here yesterday and the day before because of battery/recharge/large yard thing.

        Looking outside now and can see a pile of poo smack bang in the middle of the lawn. Hoping it is Jack’s and not from the Straya Day party over the back.

  11. EP,
    You write some crap at times. Have you ever lived in a muslim country, ever experienced a muslim court? Didn’t think so, all your knowledge comes from the msm.

    • ErmingtonPlumbingMEMBER

      No I have never been outside of Australia,… but I can read Dennis,…and converse regularly with people from all over our world.
      This morning I was eating tomatoes that were grown by a Muslim lebanese fellow I had done a Job for. I spent almost an hour yarning with him after Id packed up, with him telling me how he’d like to buy a Farm somewhere in Oz, as he grew up on a farm in Lebanon and loved to grow,…we compared Tomato varieties and sizes, discussed the problems of growing in Suburban Sydney and a bunch of other stuff,…he insisted I take a few of his best.
      they were good, but so are mine, ill be throwing a few his way, as soon as they vine ripen a little more.

      I stand by my criticism of some parts of the islamic world,…just like I do my criticisms of the west.

      Iran stoning woman ‘confesses’
      http://www.aljazeera.com/news/middleeast/2010/08/2010812141953137551.html

      Tribal council members arrested after killing 17-year-old in northwest region for helping her friend elope, police say.
      http://www.aljazeera.com/indepth/features/2016/05/arrests-pakistan-honour-killing-elopement-160505141918148.html

      Afghan Taliban hang university student in public
      http://www.aljazeera.com/news/2016/12/afghan-taliban-hang-university-student-public-161203141239122.html

      Each year, the UN estimates that 5,000 women and girls are murdered, often by male relatives, for what is perceived to be some violation of family honour.
      http://www.aljazeera.com/programmes/rizkhan/2009/10/2009102815141048572.html

      https://www.amnesty.org/en/latest/news/2009/06/man-beheaded-and-crucified-saudi-arabia-20090601/

      https://www.amnesty.org/en/latest/news/2010/03/saudi-arabia-sorcery-death-sentence-upheld/

      https://www.amnesty.org/en/latest/news/2017/06/saudi-arabia-14-protesters-facing-execution-after-unfair-trials/

      How dare you suggest I read the MSN!

      • EP,

        So you can read, thank god for that!

        You are confusing religion with culture. None of these issues are the sole domain of Islamic countries and have nothing to do with Islam. Did the West name wife bashing etc all the way up to the present, as a preserve of Christian countries? The southern europeans when they first came here did their utmost to arrange their offsprings marriage partners, as have and still do, Indian immigrants. Nothing new in this.

      • No I have never been outside of Australia
        ahh the penny drops.
        I’ve often wondered: is this guy for real? his heart is definitely in the right place but somehow he just can’t see past his own prejudices, it’s like he has never seen a system work that is in any way different to Australia’s Social/Political/Economic/Judicial system.
        Yes you might talk to lots of foreigners but that is definitely not the same as living day in day out immersed in another system. You’ve never had to do things, that you simply didn’t understand the purpose of, which would somehow enable the outcome that you desired. I’ve dodged the long arm of the law on any number of occasions by bowing in the right direction and contributing to the “right” cause. it’s just what you have to do, not right nor wrong, just necessary.
        I’ve long ago given up wondering about such things, outside Australia you just need to find locals that you know have your back and trust in their judgement than walk the recommended path to achieve your goal. Social / Political systems work the way they do for a variety of reasons. I suspect that most social systems exist in some state of evolution, meaning that in reality we’re always acknowledging the Old ways at the same time as we create the new path, sometimes there can be multiple levels of old ways that must be acknowledged before the new ways are even possible. Unfortunately it is something that you have to live to ever really understand.

      • ErmingtonPlumbingMEMBER

        Ha Ha Ha,…. what a lot of Philosophical BS word soup Fisho,…You usually do a lot better,…this one’s right up there with you Fkups v Non Fkups analysis farther up.
        I know heaps of people who’ve spent half their lives OS and know F/All about,…”How the world works”

        Your little post reminds me, for some reason, of my “Very Machismo friend” who angrily stated, when having to get me to help bail out his wife in her broken down car,…If ya can’t change a Spark Plug lead,…ya shouldn’t be fkn allowed to drive a car!
        Me and my mates have been mercilessly repeating this to him, for over 15 years now.

        Your BS statement is the same as saying, if you haven’t ran a country, your opinions on Government are worthless,…just stupid bostfull virtue signaling Fisho?…you poser!
        Maybe you could post a Cool list of all the cities, you’ve been pissed and gotten a wristy in,…maybe throw in some insightful Hooker anecdotes to prove your, most worldly status,…that’d be tops mate! the boys would totally love it!

      • Considering how you like to write off anyone who isn’t poor/working class/indigenous/whatever who expresses an opinion on things that might be relevant to those demographics, Ermo, that’s just a tad hypocritical.

      • ErmingtonPlumbingMEMBER

        Ummm,…maybe you should re read the thread Smithy.
        I don’t agree with what Fisho was saying and he’s the one who was saying,don’t step out of your demographic,…not me, I’m all for Solidarity with all and sundry and moving on from this climate of Virtue Signalling denouncments.

      • Sorry EP not attacking you honestly not attacking you, just understanding where you are coming from.
        Yeah I’ve lived more places than I call to remember, I know I’ve lived a privileged life but I’ve also taken risk that you probably can’t fathom, sometimes things work out all by themselves but sometimes they go sideways. You learn a lot about other cultures when your best efforts suddenly go sideways. Trust me I know what it means to plan your life around the reality that one day you might need a hot exfil. When the SHTF you bow to a variety of locals without a clue what their true agenda is or why anyone pay’s homage to these relics of a forgotten era.
        All social systems are built on foundations that make little or no sense from a modern global economics perspective these local beliefs are all voodoo and it’s no different wrt Australia this house worship thingy is nothing short of bizarre.
        All I’m saying is that local customs shape present day decisions, they probably shouldn’t but they do. In this sense I often get the feeling that you are looking for the Answer to the riddle rather than understanding what could be a good solution for this particular problem space given all the input constraints.

      • I don’t agree with what Fisho was saying and he’s the one who was saying,don’t step out of your demographic,…not me, I’m all for Solidarity with all and sundry and moving on from this climate of Virtue Signalling denouncments.

        That’s not what he’s saying. He’s saying there’s a difference between talking to foreigners and living (or even visiting) a foreign country.

        Your idea of “Solidarity” seems to be everyone marching to the same drumbeat, that of the majority. Anyone different must either fall into line, or be shunned as a sower of “division”. Not a lot of room for “democracy” in that worldview, just a choice between dictators.

    • Indeed. Worrying about the “creeping fascism” paranoid fantasies of the far right, might distract us from the actual fascism they’ve been busily working on for the last decade or two.

      • ErmingtonPlumbingMEMBER

        “Worrying about the “creeping fascism” paranoid fantasies of the far right, might distract us from the actual fascism they’ve been busily working on for the last decade or two.”

        Ha Ha,…I was hoping to trigger a response from you Smithy,…my fellow traveler.

        See the thing is,..the way I see it anyway,..This cancerous Neoliberalism that is subverting Democracy and propelling us all towards Neo Feudalism, is not only assisted by Postmodernist Identity politics, but actually walks Hand in Hand with it.
        The “Left” has almost completely withdrawn from battling Plutocratic domination of the Economic Narrative and instead fights an ever greater number of pointless Solidarity destroying, tribal battles around Identity,…Australia Days date change for example.
        There are many many many other battles being fort, that offer no challenge whatsoever, to the economic status quo,…and yet this kind of stuff is undeniably the major preoccupation of the “Leadership of the left”,… a leadership drawn up almost exclusively from privileged University Educated members of the Bourgeoisie,…Not a working class voice amongst them,…Indigenous or otherwise.
        The SBS coverage this morning was pure Race baiting,…with one sheila going on about “White Children” having to undergo “Mandatory” (her word) re education! No mention of non Indigenous, non white children, them to though presumably.
        This stuff is basic divide and conquer,…not an ounce of solidarity in it at all.

      • Maybe the can’t-chew-gum-and-walk-at-the-same-time perspective is the problem.

        Perhaps you don’t see many working class voices talking about economic issues because they’re all happy with their negatively-geared investment properties and tax cuts, choosing to focus instead on feminists and political correctness, the real problems destroying our society ?

      • Lol. I was waiting for the black helicopters to swoop in on those old guys at the end there. Thanks for a good laugh EP!

    • Have those Greens idiots asked original Australians if it’s okay to invite 400k people here every year?

      Invasion day bad. 400k migrants a year good.

      • Skippy

        That seems more deflecting than answering.

        Do you have an answer?

        Actually, don’t bother. We both know Greens have no interest in facts and what’s right. They are a disgrace.

      • Because your logic has a hole in it a mile wide e.g. reconcile Australia’s original population and then factor in the other 2O odd million immigrants even before the greens were on the scene. Especially considering their life style views about the environment, and the resource looting to make a quick and easy buck.

        disheveled… this is shades of Bush Jr stealing Gores environmental thunder back in the day, its just rhetorical posturing.

      • Skippy

        Just answer the question.

        Have the Greens asked the owners of Australia if it’s okay to invite 400k migrants a year. It’s not that hard.

      • Skippy

        Is that your answer? lol. They’re not in power but have plenty to say about Australia day. Have they asked original Australians if it’s Okay to invite 400k people here every year?

      • Ric..

        Was hoping that you could connect the dots all by yourself e.g. if you can’t intact policy then words are meaningless because they have no action. They could say a million and it would not matter.

  12. JP Morgan has 1/5 chance of Melb and Syd correcting 15% in next 5 years
    I know AUD and Iron Ore is hard to predict but I’d say it’s a 6/5 chance of a 15% correction by jan 23

    • Just working through that now
      but i can tell you it has already started.
      it will be caused by job losses Xcessive debt, tapped out consumer in a services economy
      White collar workers first ,a major hit will come in april
      Notes:
      Some time in the past 20 years Strayans went collectively mad by investing in property.
      1.5 million Households (not husband and wife) now own properties other than the PPR
      [Of the 1.5m] 72% owned 1. Thus 28% owned more than 1
      [Of the 1.5m] 5% owned 4 plus
      Among high earners, 39% own 2, 3 or 4 (investment properties).

      So what are the numbers
      How many homes are owned
      How many under mortgage
      How many other than ppr
      How much of a pullback is required to submerge the investor
      Then to sink them

      What could cause this pullback?
      What will be its magnitude?

      • if only
        there is a billion dollar project swinging on the correct answers.to above
        that is how come I’m working on Straya day mate.

    • Look the only thing that blew up in the GFC, emanating out of America, was the liquidity moment brought on by over night debt roll overs [Lehman stuffed to the gills with toxic paper]. What made it a global issue was aggressive shorts and pre deployed booby traps of leverage/

  13. Greetings from Mother Russia Gunna! About 2 degrees here and an endless sky of grey mate.

    Can I ask why you have the Bloomberg charts about health insurance and gambling? Are you suggesting Australians should take the wager a step further and gamble with their access to medical care?

  14. https://www.domain.com.au/news/victorian-government-to-copurchase-houses-with-400-firsthome-buyers-20180124-h0no16/?utm_source%3Dtheage.com.au%26utm_medium%3Dreferral%26utm_content%3Dlink-widget%26utm_campaign%3Dplista-theage?benref=theage

    I see they’re betting on a dramatic house price drop and are trying to lock in some ill-gotten gains.
    So i buy a house for $1mil, and the gubmint contributes $250k.
    Prices plummet to fair value of $200k in 3 years, and the buyer is in equity maaate of -$50k.

  15. I’m looking for some classical music to read to. It being Australia day, can anyone recommend a piece by an Australian composer.

  16. Come on engage the information in the link, or are you pro the results, you do understand that would make you complicit to fraud or supportive of it.

    • Ask Yanis and then consider new boss same as old boss e.g. trying to create an A political system in fixing a political issue.

    • That’s interesting. I discovered Steve Yegge many years ago when I was looking at blogs by programmers as a way of trying to sniff out what was happening in the field. I’d fallen completely out of touch and wanted to work out obvious things (what new languages were worth learning) and more subtle things (what were the issues in the field, how were people thinking about things). Yegge at that stage had just started at google and was writing voluminous essays that were entertaining, interesting and very highly opinionated.

      It’s intruiging that on the one hand he says google is the best place in the world to work, but on the other he felt strong pressure to stop blogging and that the company wasn’t very innovative anymore. Yegge became famous a few years ago when one of his posts went viral because he’d set the wrong privacy settings in Google+, and as well as shitting on google he had a lot to say about Amazon and Bezos, which I’ve seen re-used by lazy journalists many times since. But in the wake of the Damore fiasco it’s clear that Google is, more or less, another lazy large company riding on its one big product.

      • Correction Google is 1 big company riding on the success of a few big products. All else is collateral damage… There is a thick layer of horrible middle managers and very uninspiring directors / VPs etc.. I think it’s inevitable big companies go that way. I know quite a few people who have left.

      • Google have a stake in every single corner of our lives and if not they’re presently buying a stake.

        Check out Magellan “are we there yet” video.

      • Ric…

        Per se faceborg uses its customers as the product, they don’t actually produce anything, its consumer data that their after, that translates into their share price, same goes for Google. Google does manufacturer devices which increase their data collection or facilitates transactions which burnish their cash flow dynamics.

        Why do you think its free to join.

        Apple on the other hand is more like Blackrock now than a computer user Mfg’er, increased crapification of its product is a bit of tell.

        disheveled… tho all share a common attribute wrt Gates frictionless capitalism.

      • I think it’s fair to say that Google makes its money from advertising. Targeted advertising from search if you like. They might be doing an awful lot of other stuff, but in terms of revenue and the bottom line, that’s the big one.

  17. They didn’t include journalists
    https://www.computerhope.com/issues/ch001799.htm
    http://www.news.com.au/technology/innovation/inventions/quantum-computing-set-to-revolutionise-everything-from-national-security-to-drug-design-and-financial-investments/news-story/2b495e494f47ee43b3975f5e884f11af

    She has also praised Australia’s open research culture after once describing Cambridge in the UK as “too hierarchical”, “esoteric” and filled with “pessimistic academics who will tell you a thousand reasons why your ideas will not work.”
    “I’ve really lived by four mantras — do what is hard, place high expectations on yourself, take risks and do something that matters,” she said. WW good advice.

    • Alan Kholer in today’sStrayan is on to it. Cant copy the link over.you will have to open it yourself
      “It already includes journalism, and will apparently soon include a lot of surgery, to name just two jobs we might have thought were safe but are in fact heading for the chop (for humans). It could eventually make the backlash over corporate social responsibility and climate change seem like a picnic.
      WW Says the Sharpest brains on the planet think there is a 5 to 15% chance it wont be terminal for humans????

    • Good find.
      So what will that do to the climate.
      The tragics here dont understand that 12000 years ago their home (anglo saxon) was just coming out from being under 1000 feet of ice.
      12000 yago, the whole of homo sapien herd, outside of africa, would have fitted into the population of tasmania??
      Meanwhile the BLack fellas here had been mucking around for 60,000 years continuously. they never even bothered to build houses??
      Now, that the Anglo Saxon mob developed into the Pre Eminent tribe is another story.

    • ErmingtonPlumbingMEMBER

      Looks like the magnetic field is increasing over Australia, but weakening at most of the major population centres around the globe.
      Could our country become the safe haven of ,…gulp,… several billion refugees!?

      • this will play out in the next 10 years
        Stephen Hawking said last year that AI could be the worst event in the history of civilisation,
        Tesla’s Elon Musk saying AI is “highly likely” to destroy civilisation.
        “Maybe there’s a 5-10 per cent chance of success,” he said (that is, of making it safe).
        Henry Lawson, 1907
        So I sit and write and ponder, while the house is deaf and dumb,
        Seeing visions “over yonder” of the war I know must come.
        In the corner — not a vision — but a sign for coming days
        Stand a box of ammunition and a rifle in green baize.
        And in this, the living present, let the word go through the land,
        Every tradesman, clerk and peasant should have these two things at hand.

        No — no ranting song is needed, and no meeting, flag or fuss —
        In the future, still unheeded, shall the spirit come to us!
        Without feathers, drum or riot on the day that is to be,
        We shall march down, very quiet, to our stations by the sea.
        While the bitter parties stifle every voice that warns of war,
        Every man should own a rifle and have cartridges in store!

        ww 2018. in the last 12 months more females have joined pistol clubs on the GC than ever before

  18. boomengineeringMEMBER

    On a lighter note, genuine question, anyone know ( at the opera house yesterday) why most of the white Aussies were displaying aboriginal flags whereas all the Asian decent were displaying the Union Jack/ Aussie flag flag?

    • I’d hazard a guess that it’s because they can.

      More broadly, to comment upon something that I have no experience or expertise in, the Asians holding the white folks flag are perhaps trying to display membership with a dominant group. They are signalling that “We are part of your group, accept us.” Much like a young footsore wearing band t-shirts to punk gigs. The white folk, bring the established group, comfortable in their position, are able to speak more freely and not be so concerned about the expected norms. Much like footsore turning up to gigs in business wear because he’s now a regular and can do as he wishes.

      Another theory that’s just a guess is that the white folks are more aware of how f***”d up the history of Australia is and how poorly the Aboriginals were treated and think that it’s time we reviewed and worked on our relationship. A bit like the looks and protests lady footsore would give the next morning after I’d come home when the final pub had closed.

      Perhaps that’s a better analogy. Early relationship lady footsore is showing solidarity due to wanting to be accepted and naive ignorance of the real state of things. Late relationship lady footsore is aware of the horrors, atrocities and just plain immaturity of footsore. She wishes for a change and a bit of adult behaviour and is in a position to comfortably bring this up without her right to do so being questioned. We’ll, it was questioned once or twice, but that was me knowing she had legitimate points but not wanting to accept them or undertake any substantial reflection upon the issues at hand because a great deal of my identity and sense of self was caught up in my glorified romance of the past and to change was to admit I was wrong, and that would be too much for one that has so little else on his tiny boat afloat on the sea of meaningless and confusion that is life. That’s the hypothetical and rather uninformed speculative analogy I’m going with.

      • I like your thoughts!
        There might be a growing awareness of what really happened as our relationship matures? I don’t know how much of it has been denial by the masses & how much of it just hasn’t been talked about. I was taught SFA about our history at school in the 70’s. I learned more about Ancient Sumeria than here. Captain Cook & initial settlement were breezed around for a bit, but no bad stuff….. Apart from a few horrible stories I’ve been told from various localities around Oz through the years – I still don’t know Just what happened, depth or breadth. It’s well past time for openness & honesty in the relationship so we can heal & move on together.

      • I had a history teacher with attitude, and so even though she taught the text book she would also mention the unmentionable if you asked a question on the topic. What really made me aware of how little we discuss the bad stuff was when I learned that Tasmania is one of the few places genocide has been successfully completed. It was Kurt Vonnegut who taught me that.

        It’s just a shame that attempts to discuss the past get caught up in culture wars and us Vs them type thinking. No relationship can work if that’s how we communicate.

        It’d be nice if a statesman of sorts appeared that could talk above the yelling and find a way to bridge the gap. Has Australia ever had one? I’m quite young so the closest I can think of is Keating, but I was still at school when he left parliament. I know that Noel Pearson is a rather public figure, but that he is also quite a contentious figure.

        As I hope I made clear above, this is something way beyond me, but I do hope we resolve it and sooner rather than later.

      • Charlie Perkins?
        I think the history wars or whatever they called them where people hurled insults at each other on the basis of a pretty sketchy written record didn’t really help. But there’s only one way it could have been, could not have been benign or enlightened.
        I read something chilling yesterday, in the colonial records when they write “the natives were dispersed” they basically mean “offed”.
        I think what you are asking for is basically what “reconciliation” was supposed to achieve, but probably there’s still a ways to go. You can’t sniff at the numbers that came out yesterday, tens of thousands were reported.

      • Just out of curiosity was the mob white or black?

        On another note – You go to a Blackfella camp & ask about Charlie Perkins & brace! “He’s a sellout White C…’ is what will be Spat at you! Seems like a hard road still. Maybe a council of respected reps & elders who aren’t politicians might help?

      • ErmingtonPlumbingMEMBER

        “Let’s be honest about where the argument to change the date comes from: a place of resentment, anger and now hate. The vitriol that has been directed at me, as an Aboriginal woman, for voicing my opinion and for encouraging a healthier way of thinking, has been far, far worse then any alleged racist sentiment claimed to come from the celebration of Australia Day.”
        Jacinta Nampijinpa

    • ErmingtonPlumbingMEMBER

      On a “lighter” note!,…pfffft!

      I think its because Asians (generally) prefer harmony, Solidarity and unity over,… Holier and more radical than thou, French postmodernist virtue signalling,…but what would I know,…I’m just a Convict ansestored, member of the working class, who unblocks $hitters for a living!

      vive la Australia Day!

      • I think its because Asians (generally) prefer harmony, Solidarity and unity over,…

        That can’t be right. One of our great politicians once told us all that asians have their own culture and religion, form ghettos and do no assimilate.

  19. How about the News Corp Story in “Fair Facts”
    Should the pilot in command of an aircraft, have taken off, after having carried out the lack of due diligence in of the airworthiness of the machine and systems as was undertaken on the Domain float before during and after its separation from Fairfax and IPO, and the aircraft crashed, that pilot would be found to have been negligent.
    Civil relief would then follow.
    In a big way.

    • Small disclaimer at the end…

      Admittedly, there is also an affordability problem in some parts of Australia with little wage growth and general cost of living pressures – but even with this affordability problem, you still hear stories of average-income people buying bitcoin and dining out on “smashed avocado” breakfasts.

      Household debt is also approaching 200 per cent so, for some, the continuation of the dream may come at the cost of lower expenditure in other areas –especially as the cost of servicing a mortgage rises.

      Perhaps what he’s saying is, soon will be a good time to buy, but not yet!

      • LOL, whilst it’s true that every decade has it’s share of horrible music (and the cream rises to the top) it does seem that in the last 20 years music has deteriorated in general. I still prefer the 60/70/80s and bits of the 90’s music compared to today’s stuff. I think in part it’s because it’s become so easy to manufacture music these days (thanks in part to the digital revolution) that most “artists” and I use the term lightly have no real classical training in music or musical theory. Now you could argue that’s just the way it is, but when I listen to a band like ELO for example, it’s timeless, it’s magical.

        I’ve recently been listening to Jeff Buckley also, what a waste for him to die so young. I just don’t see many artists like him these days.

    • ErmingtonPlumbingMEMBER

      Well,…Sigh,… Im Doing the boys 8th birthday at Macquarie ice rink,…at least it’s cool in here.

      • ErmingtonPlumbingMEMBER

        My cousin’s claim to fame was playing for the national Ice hockey team in the late 70s or early 80s, got themselves in a Coke ad and all,…I was quite impressed with him in my pre teen years,…anyhoo,…I did quite a bit of skating in my younger years and like riding a bike, you never forget how, I’ve beaten all the dads in speed skating challenges,…bit I did however have a painful and embarrassing stack attempting to engage in a bit of backwards speed skating,…I think my considerably larger gut has my former technique putting me a bit of balance.

      • In terms of return and wages, Newcastle and Wollongong have to be the most over priced real estate in Australia. Seems to me, you can’t commute to Sydney from either but people try it short term, burn out and sell.

      • EP , my mum was an Australian Speed Skater, (still is these days in her 60’s) she held the women’s Australian record at 1 point. I used to go down to the Ice rink as a kid with her and skate in the middle using cones to hold me up (3years of age), I got into Ice Hockey as a youngster before moving onto Soccer (dad’s game).

        The Ice Skating community in Australia is small, are you part of that group?

    • TailorTrashMEMBER

      Up at Hornsby this morning ….a lot of the older apartment blocks have “for lease” signs out side them ……never saw so many ……maybe tenants are moving to the thousands of shiny new glass and plastic ones at Asquith ………perhaps the savvy investor landlords of those old ones will be getting a little anxious .

      • boomengineeringMEMBER

        Maybe they are moving to the Central Coast, it hasn’t slowed down there yet but the listings are increasing.

    • Not Sydney, but Newcastle.. Which seems to have been overtaken by Sydneysiders in the last 12 – 18 months..

      More and more apartments going up, and more and more commercial for lease signs appearing everywhere (CBD and suburbs) . I’ve only lived here for around 12 years, but have never seen anything like this before.. Seems like businesses are just going under as everyone piles into property.

      Street closures due to light rail construction in the CBD is seeing businesses struggle, with some having gone under.. Exacerbating what appears to be wider issues with the local economy here.

      Coworker mentioned 2 bdr apartments near to the CBD (which is a ghost town of decrepit old buildings) with an apparent asking price of $900k. Median income for the region is around $46k.

      A lot of construction sites are just sitting around making little / no progress. The ones near completion seem (maybe?) to be scrambling to finish up even now. Will be interesting to see what activity there is in February as everyone resumes work after Xmas / NYE / Straya Day break.

      If the market is turning or at least looking a little rocky in Sydney, I would expect the same up here. It seems a lot of Sydneysiders are buying up after being priced out of Sydney.. If Sydney is looking toppy, people here would have to be a little nervous..

      • In terms of return and wages, Newcastle and Wollongong have to be the most over priced real estate in Australia.. Seems to me, you can’t commute to Sydney from either but people try it short term, burn out and sell.

      • I agree Newcastle values make 0 sense, I looked up there a while ago. I looked at these 2 (originally quoted around 400k).

        https://www.realestate.com.au/sold/property-house-nsw-adamstown-123452106
        https://www.realestate.com.au/sold/property-house-nsw-adamstown-123452110

        Both sold for $600k…

        I was interested because of the Warehouse out back of 1 and workshop out rear of the other and I liked Newcastle. But it was Industrial Zoned land with a concrete mixing place behind it (not sure if concrete dust is bad for you?) but I thought it made absolutely no sense.

      • TailorTrashMEMBER

        At $46k not worth working ……just gear up on a liar loan or two and load up on those $600k little gems ….rich in no time ….getitintaya straya !

      • I moved to newy 3yrs ago. Currently renting in 2304, and been casually looking for about 12mo. I think things have slowed – prices might not have fallen, but it seems like you get a bit more bang for your buck recently

    • TailorTrashMEMBER

      …..and the house up the road from me that has been on market since late October still sitting with its hopful for sale sign ……asking $2 mil ( would be over priced at a third of that ) ………this is big Chinese Area and a year or so ago this place would have gone quick smart

    • WW was right about the new scanty bikinis, no inhibitions down here either & some pert young thing’s going to cause a car accident – or considering the older demography, a heart attack!

    • Know IdeaMEMBER

      I sent about 100 rounds toward the target today, and will do so again tomorrow morning. The rabbit numbers are thinning out a little, but not enough in my view. I may go for a walk this evening to see if I can capitalise on this morning’s practice. Next month the bigger bore weapon arrives to start working on the fox problem.

    • Thank you all – I am still shell shocked from working Straya Day in the emergency department and have achieved little more than breakfast and wall staring … I will be more productive tomorrow

      • Ha…

        Wife worked a night shift and got a respiratory arrest call that advanced to cardiac arrest with a woman 130 KG in a room all of 3X4M with a double bed and big dog and zip air flow for working room enviroment.

        disheveled…. snicker

      • Update – Apparently a couple of the pert sirens showed their class by getting drunk at the local park & having an ugly catfight with their “lady” bits falling out all over the place – Divvie vanned & disappeared. Respecting each other & oneself on Australia Day!

      • @ino – Sorry no pics mate & I didn’t tape my Mrs grumbling either. I left early & missed the fall out. I can say they were quite nicely rounded lasses – & string, basically bits of string……. 😉

  20. One man can make a difference, as US President Donald Trump proved — after his latest comments about a “strong” greenback sunk the Australian dollar. to>>>>>
    81.54
    Snashed I tells ya, we will not see 76 again?

    • Most currencies eased back, dalian down a bit , copper followed most currencies down … except the AUD which just kept on going. There is a lot of good news or something baked into it ? so next updates will need to be great.

      • GunnamattaMEMBER

        Just for the record, I think it was me (and only me) who said we may not see 76 again. And when I said it I did note that my saying that was almost certain to drive it beyond 78 within hours – and it was said with a lot of tongue inside my cheek.

        I’d let Wiley W know that but he keeps telling me I am a Chris Becker sock puppet

      • Gunna for the record I agreed with you, but I am of course just having a bit of fun. Both housing market and the $AUD haven’t made much sense in the past few years to me.

  21. GunnamattaMEMBER

    ……and not the slightest mention of money laundering or corruption anywhere, or of the actual economic benefit of bringing them in……..

    ‘This is different rich…It’s crazy’: the Chinese riding the spending boom
    http://www.canberratimes.com.au/good-weekend/this-is-different-richits-crazy-the-chinese-riding-the-spending-boom-20171222-h09g75.html

    In Australia, which followed the United States, Canada and the UK on a list of the Hurun survey group’s favoured destinations, affluent foreigners can effectively buy residency. Under our Significant Investor Visa (SIV) scheme, for instance, a person who puts $5 million into approved Australian investments becomes eligible to apply for a permanent visa four years later. Almost 90 per cent of people granted SIVs since 2012 are Chinese.

    Amongst those ‘approved Australian investments are loads of specially designed investment funds, which allow the SIV applicant to ship the original funds back offshore while doing little other than buying an abode and provide sweet FA economic benefit to Australia whatsoever…..

    and then we come to….

    According to a recent report on housing affordability by Industry Super Australia, an umbrella organisation for industry superannuation funds, some foreign investors are circumventing the law by deputing young family members studying in Australia to buy property. Students have temporary visas, which entitle them to purchase new properties and one existing home each, provided they live in the established dwellings and sell them within three months of leaving the country.

    ….lays it all out in black and white as a number of people have been saying for some time

    • The whole scheme in Canada was shown to be a rort where the average tax paid by these “SPIVS” is far less than the average wage earner.. In some cases $0 tax is paid. It’s absurd.

      • GunnamattaMEMBER

        The scheme here is an utter rort too, providing sweet FA actual economic contribution to Australia (or Australia’s future economy) apart from real estate agents, upmarket clothing/restaurants/car sales etc at Southbank and the right types of places in SYD/MEL

    • Hello Gunnamatta, Quote you “Amongst those ‘approved Australian investments are loads of specially designed investment funds, which allow the SIV applicant to ship the original funds back offshore while doing little other than buying an abode and provide sweet FA economic benefit to Australia whatsoever…..”

      Care to provide some links to such practices of shipping funds back offshore once the visa is gained, I’m curious to know. I have heard it happens just cannot find any companies spruiking it or talk of such online.

      • GunnamattaMEMBER

        I am consuming loads of booze at the moment but I have posted such things previously and will do so again later tonite.

      • Thank you, I’m crossing swords with a SIV migration agent on a LinkedIn post who claims otherwise, and its a good thing (for him presumably) that Australia ranks high for Chinese UHWI migration.

      • GunnamattaMEMBER

        @Thallus, rip into this you big lug………

        This was posted back on Sept 29 last year. Sorry I am a tad inebriated to find more right now. G.

        https://www.macrobusiness.com.au/2017/09/big-australia-problem-fakeinvestment-note-andrew-leigh/#comment-2970795

        Good piece Pfh……

        The Big Australia people have been running the line that anyone running a MacroBusiness style line of immigration according to economic narrative are ‘Malthusians’ – which I kind of find ironic insofar as they (the types of people who run the Big Australia line) are generally completely unaware of (or refuse to discuss – almost as though there is an extension of the old cargo cult mentality. It is no longer we will dig up something which the rest of the world wants, but rather that by cramming us with more people we will start to do something which the rest of the world wants – which then leads on to why would anybody do anything productive in Australia when the taxation and capital allocation system is so geared to rewarding speculation in housing, or avoiding paying tax altogether) the whole concept of productivity. When I asked what Australia was currently doing to earn a crust which it hadn’t been doing in the 1870s, and why it would be running immigration at 300K per annum, a room I was in last week in Bourke Street (mainly public service corporate function types and sundry consultants, with a few political staffers for tone) was largely brought to silence (the meet wasn’t about that but the punter opening the festivities opened up with a crack about people wanting to close down immigration, so I thought I would lob a comment). Nobody wants to go there

        Absolutely nobody wants to look at productivity – either of individual migrants, of given levels of immigration, of the various constituent sectors which benefit from uber levels of immigration(the banks, real estate, the retailers and service providers, the education sector et al) – and certainly nobody wants to think about the downsides to high levels of immigration. You will get political types talking about ‘costs’ and wringing hands and expressing regrets, but they sure wont do anything about it, and they sure don’t want to be seen to be looking at reducing immigration or reducing the ‘investment’ that immigration brings.

        This also brings us nicely to the question of why do people (migrants) want to come to Australia and be Australians.

        The families that sell up the lot, wherever they come from, are the ones we probably want, particularly where they have skills in need in Australia – The ones saying that they are going to come to Australia with their families and live here and make their way here. For the most part these are the people over our back fence or next door, their kids go to school here, they play local footy or soccer or whatever, they love the opportunity Australia provides for them and (particularly) their children to live in a safe, well catered for, world which is moderately tolerant, is moderately well organised, and where most people receive a reasonable education. I mix with quite a few. Invariably they like the place, but equally invariably they have some reservations about how sustainable it all is.

        They buy a house, go out and get a job, or start a small business. If Australia is really lucky maybe they bring significant money with them and start a business here – a real business (which maybe even employs people) making something or doing something for which there is some sort of demand. But most become either employees or (more commonly) contractors of one sort or another. They are generally advised to become contractors in order to enable reduced taxation, and a significant number of them are in communities which have access to specialists and some form of community support.

        But the investment migrants Australia encourages first and foremost (indeed champions) are those who have access to significant funds (millions). And what happens here is that there is an industry revolving around them which leads to some classic outcomes – all of which reward unproductive investment. We reward them by giving them a passport, which is all too often a means of enabling them to avoid authorities in whatever land they come from, and where they all too often have ongoing sources of capital. What we give them – our passport – is essentially a ‘get out of jail’ card for many. We ultimately give it to them cheap, and we cheapen ourselves by encouraging this type of migrant to make as little contribution as they can get away with.

        Firstly they are theoretically supposed to ‘invest’ in Australia. The idea with the general public is that someone wealthy comes to Australia and invests a lot of money to do something which employs quite a few people.

        How #FakeInvestment unfolds and looks, and its agents and beneficiaries in our midst

        However under the current law the ‘investment’ dynamic becomes this.

        To get a SIV I think is currently 15 million according to the Federal Government.
        http://www.border.gov.au/Lega/Lega/Form/Immi-FAQs/what-is-the-significant-investor-visa

        Or maybe its far less in Victoria (have a read of this page)
        http://www.invest.vic.gov.au/opportunities/significant-investor-visa

        Or NSW
        https://www.industry.nsw.gov.au/live-and-work-in-nsw/visas-and-immigration/business-migration/significant-investor-visa

        Either way the focus is more on fondling the SIV applicant than keeping an eye out for fraud. The small scale family moving immigrant who wants a better world for their family has given way to the tax avoider and corruption beneficiary who wants an escape from taxation, or possibly criminal investigations.

        They can invest this in a number of funds which will give the individual exposure to a portfolio of assets, and is ‘managed’ by an investment company (think Macquarie Bank, but also think every bank, most large accounting firms, and a coterie of legal firms – it is NOT illegal, it is ENCOURAGED by the law). The whole thing is structured by a legal or accounting firm (which specialise in these things because there is an awful lot of money involved in this field). Deloitte sums the vibe up nicely
        https://www2.deloitte.com/au/en/pages/tax/solutions/significant-investor-visa-siv.html

        All of the big firms are in on this market – in no particular order – but worth looking through to identify the differences and the general nature of the pitch.

        Macquarie – http://www.macquarie.com/au/advisers/solutions/investments/specialist-investments/macquarie-significant-investor-visa-funds
        ANZ (pdf) – https://www.anz.com/resources/8/4/8418b8c4-687f-485d-9c05-3954266d5e44/significant-investor-flyer-en.pdf?MOD=AJPERES
        NAB (and their SIC Concierge Service) – https://www.nationalaustraliabank.com/nabglobal/en/banking/migrant-banking/moving-to-australia/SIV
        IOOF – http://www.ioof.com.au/__data/assets/pdf_file/0016/115630/PLA-6688_Significant_Investor_Visa_flyers-IOOF_MultiMix_Cash_Enhanced_Trust.pdf
        Mitchell Asset management (PDF) – https://www.mitchellam.com/asset-management/about-us/research-brochures-downloads/siv-brochure-english/
        Credit Suisse – https://www.credit-suisse.com/au/en/private-banking/services/significant-investor-visa.html

        I have looked at a few structured investment vehicles for the SIV visa and in the ones I have seen there are mixes of apartments and other real estate (including agricultural properties), shares, bonds and other financial instruments (and some of these have questions about them in their own right).

        A reasonable example is the Atlas Capital group who specialise in bringing out high net worth investors and in funds to comply with visa requirements (click on ‘see all fund details at bottom right of screen)
        https://www.atlascapitalgroup.com.au

        The net result is that capital coming to Australia for investment purposes is focussed on being making as little contribution to Australia as possible and getting the biggest tax return from those who do pay tax in Australia as possible. Exactly the same process conveniently obscures controlling interests and money laundering issues. The incidence of people coming and ‘investing’ (either creating or buying an existing production facility) are incredibly rare, the above is generally what happens.

        Many of these wealthy investors rent/lease homes and cars (uber expensive of course). The other great discovery is that these people can get labour visas (S400 or 457) and this gives them a saleable asset back in many of the nations these guys can come from, but is also commonly an avenue for bringing distant family and friends out. I would also note that for individuals without an Australian visa of any kind there are accounting and legal firms who will specialise in creating companies to enable them to purchase assets in Australia.

        But the real kicker is that there is not a single examination of the money they bring in to get the SIV in terms of its probity and what actually happens is that outfits like Macquarie or the legal/accounting outfits often go to these guys and suggest that since they have a large sum of money being invested with them, and that that money is very good collateral, and ask if they ould they like to borrow some more. This enables the special investors to quite literally borrow back the initial sum (and sometimes more) which has enabled their visa, use Australian funds to maintain their investment need for the Australian visa and redeploy the initial funds to either something productive, or to embark on a speculative asset grab. Quite often these individuals are assumed not to want their home government (China being the standout example) to know they have the capital, because it leads to questions about how they got it or how much tax they pay on it. They can often use the friends and family (who they can also easily bring out) and slip the assets into their names.

        The other line which invariably gets trotted out if you try and raise this type of issue is ‘everyone is into it’ and that ‘it is only a small proportion of migrants who are SIV holders’. The answer to the latter is that generally the ‘investment’ is not contributing in any conceivable way to a world in which those in Australia, or those bringing people to live in Australia will be better, it is only about gaining another passport (and todays AFR piece notes all the factors in play – http://www.afr.com/news/aussie-investor-scheme-fails-to-live-up-to-expectations-20170928-gyqz26) and laundering funds.

        It isn’t just #FakeInvestment – it is #FakecontributiontoAustralia, #Fakeregulatorycompliance & #Fakebankinglegalandcorporatepractice not to mention #Fakepoliticalconcern – all hiding behind the simple desire of many migrants to live in a better place and contribute to it, and fairly genuine acceptance by Australians that this is a reasonable case for coming to Australia and accepting them. This is big business and big capital using people (both the people wanting to migrate to Australia, and the Australians wanting to hand over a better economic future for their kids) as human shields.

      • @Gunna Yep….Foreigners Investing in Australia…..it’s a F’ing joke
        Honestly, why would some one that’s new to a country choose to invest in ways that all other Australian’s have shunned. so yes they invariable make very conservative “investments” and follow rather than lead but why would you ever expect the new guy in town to do otherwise?
        I suspect it’s the migrants from a decade ago that you should be looking to for leadership unfortunately they’ve learned the Aussie specufesting game and it’s f’ing profitable that only a complete fool would do anything else. Guess what they suggest the new arrivals do?
        Truth is: Real change can’t happen until the current system implodes, in reality it won’t happen for a decade thereafter because our social political and economic systems will need to adapt to a new reality before “real investment” is even possible. Sorry mate but that’s reality.
        So do we need these immigrants? probably not, but if not than where will the seeds of change be sown? where will they be nurtured and have even the fainest hope of maturing?
        For most young Aussies house speculation is the new religion, it’s even considered pious to buy investment properties. This cancer is no longer contained to our hearts and minds it has invaded our souls, it’ll take a long time and a lot of chemo to eradicate this, assuming that the treatment or the disease don’t kill us first.
        If you can show me just one leading Aussie politician that’s willing to stand up and admit that we have cancer, than I’ll be able to show you at least 10 recent arrivals with good business ideas that are willing to really invest.

    • Macquarie Bank had an SIV approved fund, were taking their cut, and then lending the money back as a mortgage loan.

      Regarding money laundering. There are large syndicates of Australian Chinese who annually launder the limit ($50k?) of someone else’s money, and take a small cut before handing money over to intended recipient.

      Banks, Property Developers, RE agents, Lawyers, University, basically every parasitic middle man in Australia making a killing out of selling out on existing residents.

  22. Whilst were on the whole music thingy….

    Daft Punk – Lose Yourself To Dance

    https://www.youtube.com/watch?v=TBXv37PFcAQ

    Anecdotally whilst working for Clarion Corp Inc American HQ, during a Christmas party, I had the pleasure of having a middle aged black woman tell me I danced with more soul than many brothers….

    But then I do have an affinity with mobs like The Avalanches – Because I’m Me

    https://www.youtube.com/watch?v=eu0KsZ_MVBc

    Disheveled… then again back in the day watching my father in law [born and raise Grazier – Horseman] and wife dance to jazz was a sight to behold.

  23. Just watched Romper Stomper last night with Russell Crowe from the mid 80s maybe early 90s? Russell was a skin head who didn’t like the Asian’s coming in (Vietnamese) and moving into areas that were previously white families etc.. They say history doesn’t repeat but it does Rhyme, lots of shots around Melbourne from that period.

    I noticed parts of Footscray (lots of Vietnamese moved there) and their hide out /factory..
    https://goo.gl/maps/SqR3G8BhnRG2

    In 1 part Russell Crowe mentions why he doesn’t like all the Asian’s moving in, he says they are working for cheap labour and displacing his generation and he doesn’t intend to go the way of the Aboriginal. I can’t help but see the similarities between the resentment many feel today with mass immigration.

    Worth a watch, not bad for an Australian film.

    Does anyone know if we did have lots of skin head gangs in Melbourne around that time, was the film based on any similarities with real events?

    • I had a run in with about 20 in a back street in the Cross early 80’s. They were around & they didn’t just pick on Asians, although they might’ve been their primary target I don’t know, if so they should’ve been in Cabramatta at that time. Whether they were more prolific in Melbourne I can’t say – The Melbourne family I mentioned near the top of this page knew of them.

      • white skinheads weren’t tough enough to hang around cabramatta in the 80s. that was proper golden triangle territory and the heroin capital of Australia, with all of the assorted (proper) organised crime that requires/brings with it

      • Thanks Burnsy, I was a young new arrival still smelling strongly of gum leaves up there then. I felt they were a relic hanging on from older (punk?) times as they didn’t seem to be around for much after – that I saw.

      • I still occasionally see them in pubs around Collingwood. The Birmingham was their hangout, but that ceased to be the case about 9 or so years ago. Late last year there was a group in at the Tote when I was there catching a band. No Oi Oi groups were on, they were just out for a drink. They didn’t hang about for long as it was only a small group which meant they weren’t able to intimidate anyone and they could tell everyone thought they were insecure ponces that needed to stop blaming others for their own insecurities and failings.

    • Mining BoganMEMBER

      Reckon they disappeared when sports stars started shaving their heads then became a fashion statement. Once upon a time one would enter an establishment for some mild libations and spy the suspected troublemakers in the corner. Now it’s likely to be the local U-21 team out on their bye weekend.

      The hard-nuts today seem to have crazy haircuts.

  24. If it makes you feel any better Ermo, there’s been Aussie flags all over the slopes today here at Whistler and I heard three drunken renditions of Waltzing Matilda on my way back from the pub.

    • ErmingtonPlumbingMEMBER

      At Whistler you say?,…mmm,…it’s good to see some members of the Aussie jetsetting Bourgeoisie still have some National pride,….then again, they could have been those working class, Backpacking bogans, doing it all on a shoestring, working in bars and cleaning $hiters for most of their stay.

      Did you don an Aussie flag cape, and join in the sing alongs Smithy?,…you could have found out exactly what Identy group they belonged to!

      Got a boom box Smithy? Go down and play em this one,
      Aussie’s OS love it apparently, you might even get a Root of a homesick patriotic lass.
      https://youtu.be/LJ4Lbn_t5dk

      • ErmingtonPlumbingMEMBER

        Stomper,…thank you, for introducing me, to my new mission in life,…the premotion of that song, for our new National anthem.
        The Kids agree, and insisted on watching it a second time.

      • In my years of travelling and living overseas, I have found the best way to locate all the Australians in a pub is some Barnesy. Khe Sanh and Working Class Man seem to be the most effective.

  25. Mining BoganMEMBER

    Okay, here’s the ozzest top 100. Looks like it came from a fairly shallow playlist at MMM. Just like Fire Would over I’m Stranded? Pfft. And where the hell is Radio Birdman? Oh, and the wimmin. Folk are complaining there’s no wimmin.

    http://musicfeeds.com.au/news/songs-made-triple-ms-ozzest-100/

    Lovey stuck her head in the door when she heard Cattle and Cane, Wide Open Road and Under The Milky Way coming from my walkman. Reckons I’m still trying to pretend I’m a real Strayan. Meh, they’ve all got that sweaty summer feel to them. Vinal seats and quarter glass air-conditioning.

    This one shoulda been No 1. Wide World Of Sports *waves at Big Maxxy* on Ch 9 used to play it over their montage bits before and after commercial breaks. Can’t get more Strayan than that.

    https://www.youtube.com/watch?v=GlV3f1ImFWs

    • ErmingtonPlumbingMEMBER

      Not just a lack of Sheila’s, but a distinct lack of representation across the board,…Not a single Islamic, Dark skinned, Trans lesibian, disabled dwarf!,….not one!,… outrageous!
      Don’t people understand the laws of inclusion & Intersectionality!!!!!

      https://en.m.wikipedia.org/wiki/Intersectionality

      As for RadioBirdman, these lyrics resonate with me, deeply,

      “Steve I Wana say thank you,…for all you’ve done for me,.. my lifes so dark & empty,…now your not on TV”

      https://youtu.be/KmH0OeDLGEE

      • Mining BoganMEMBER

        This woulda been my choice. Not much chance of it getting played on MMM though unless they mistook the intro as a Status Quo song.

        https://www.youtube.com/watch?v=vjhxEXHwmsM

        There was no TISM either. Wouldn’t think they’d play much of it. And as for Paul Kelly…How To Make Gravy is our favourite Xmas song now that we can’t do Rolf’s Six White Boomers because of the molesting and stuff. Although I did use the Bucko and Champs version to teach it the boy. Boomers, not molesting. Um…oh yes, Paul Kelly. They wanted a wimmin song. What’s more Strayan than beating one up? Fits into your inter-whatever stuff too.

        https://www.youtube.com/watch?v=qNoINHdM5WA

      • ErmingtonPlumbingMEMBER

        “What’s more Strayan than beating one up? Fits into your inter-whatever stuff too.”

        It all comes down to who is hitting who, I suppose, if you think it’s OK for some, but not for others, your part of the problem in my view,
        https://youtu.be/BoyoYgLEL_E

      • I can’t make sense of what you have posted, but am curious. Spell it out please for the less informed

      • Mining BoganMEMBER

        Concur with Tripster.

        Is El Trumpo about to bring the legal hammer down on Barry and the Clintons?

      • An anon (the residents of the chans) started posting on 8chan from October (i think?) last year. This was in the /pol/ boards. Basically it was all in the form of hints and ‘anon’ drops.

        People got curious because the drops seemed to be high clearance intelligence, specifically the q designation of the dept of energy. So this anon got named qanon. It got curiouser and curiouser when qanon would post something, and ask anons to keep an eye out on trumps twitter. Seemingly then trump would tweet something somewhat confirming what qanon posted. Calling this catnip for the chans does not begin to cover it.

        Because it is all hints, anon’s started digging to find out what qanon was talking about. And the theories kept getting outrageous, but links and pics were also dug up. For the longest time I thought it was a giant larp.

        Right now though, my suspicion is that qanon is actually trumps social media team, playing their part in preventing the coup which the clinton cabal just tried to pull in the US, both with bernies primary and attempting to rig the general. This was how the Trump presidency is getting around the corporate media, simply reaching out to the people directly. And they went to the last free place on the internet, 8chan.

        The first hints to #ReleaseTheMemo and the brewing FBI scandal came from the qanon posts. The current chatter suggests SOTU on the 30th is when this all goes down, followed by arrests/indictments of high level cabal supporters. The lower levels are already being cleared out.

        For example, today: https://www.zerohedge.com/news/2018-01-26/feds-charge-democrat-florida-mayor-money-laundering-taking-bribes-bunch-russians and of course this was Broward county in Florida.

      • And if it is the social media team – this is a spectacular social media campaign. As the reality is that the greatest geopolitical moves, and that is exactly what the current cold civil war in the US is, since the fall of the USSR were live blogged! what a timeline – its an unbelievable time to alive.

        If the FBI / FISA memo is as bad as it sounds, where the cover up was of text messages between FBI head of counterintelligence and his fbi lawyer mistress of a plot to kidnap trumps grandchildren (don jr dropped his ss detail) and all this is on top of the Obama apparently signing off on GCHQ tapping Trump tower during the campaign, using fake info from a former MI6 spy paid for by the DNC, it all starts to look very ugly.

      • I hope you kept the receipt – I suspect your new tinfoil hat is a couple of sizes too small for you.

      • feel free to mock me, but more qanon stuff broke. you understand this is happening in real time right? https://qcodefag.github.io/ – its now up to 634.

        go have a look yourself. then you can click on the links to the 8chan discussion which is filled with people trying to guess the truth. then comes crowd intelligence, and the best ideas get picked up in the resulting tweet storm. where do you think #qanon , #ReleaseTheMemo etc come from?

  26. I can’t make sense of what you have posted, but am curious. Spell it out please for the less informed

    • Check the results for NSW. They are wildly disproportionately results from country areas. Orange, tweed heads, Bungendore??? Relitavely few from Sydney.

      A sketchy set of numbers…. don’t take it at face value.

      • Where is that maggot sprukier “Dr” Andrew Wilson, he seems to have disappeared, wormy little bugger stepped off the stage late November. I recon he is Reusa he talks the same. Now wouldn’t that be funny

  27. i just walked 5km and back to kfc in the rain to get a pepsi max

    you wish you had my saturday night

    • The number of times recently I find myself at fast food joints alone late at night, pigging out like I was a teenager … what’s up with that??

      • It’s actually about the same as the average millenial, just without the THC, MDMA and Ice. Anyway there’s enough swimming cycling and boxing to keep the flab in check …

    • The Traveling Wilbur

      i just walked 5 k m and i would walk another 5 k in my dax, just to be the man who walked to kfc to get a pepsi max
      i just walked 5 k m and i would walk another 5 k in my dax, just to be the man who walked to kfc to get a pepsi max

      I could have Ubered.
      I could have driven there today.
      But I decided, to walk it all the way, because that’s just the kind of crazy thing I do.

      It was raining, but I didn’t really care, cause getting wet was gettin’ me that much closer to a mountain dew.

      i just walked 5 k m and i would walk another 5 k in my dax, just to be the man who walked to kfc to get a pepsi max

      And when i got there, when i got to that damn door
      They’d only closed the place for cleaning now that it was 2.
      I could have stopped off, I could have stopped off, at the servo on the way, but none of the pepsi bottles they had there were blue.

      i just walked 5 k m and i would walk another 5 k in my dax, just to be the man who walked to kfc to get a pepsi max

      So I walked home, so I walked home all the way and then I thought about it til I felt a little sad and I posted, and I posted what I’d done, I posted it right back to youse.

      i just walked 5 k m and i would walk another 5 k in my dax, just to be the man who walked to kfc to get a pepsi max…

      I’ll be the man, who’s walking bare and posting all to youse!

      …you wish you had my Saturday night (and Sunday morning)?

    • The Traveling Wilbur

      Thank you, thank you. Ah thank you very much!

      (workin’ on about 20mins sleep in the last 18 hours; baby sittin’ (ironically Gav). so you’ll be pleased to know there’s a second stanza? just might be a little while)

    • The Traveling Wilbur

      And I would walk 5 k to kfc just to bring a pepsi max right back to you.
      And I would walk 5 k to kfc just to bring a pepsi max right back to you.

      You should’ve told us, you should’ve said, ’cause if you know we only knew…
      We woulda’ told ‘ya, we would’ told ya what we’d do…
      We’d go and bring some pepsi home to you!

      And we go out, we’d go out in the night and we’d get a dozen litres of the blue.
      And it would be awesome, it would totally be the max, because we knew we were buyin’ it for you.

      And we would, we would walk to kfc, just to bring a pepsi max to you.

      And if we didn’t, if we didn’t, it would sit there and go flat, And if we didn’t, if we didn’t, then you’ld sit there in your flat,
      And we’d never know if anyone was goin’ home with you.

      ‘Cause what’s important, what you’ve really got to know, is we’ll always bring a pepsi home to you.
      But if we go out, if we go out, and the servo’s bloody open then it pepsi from BP, not kfc, we’re bringin’ home, to you.

      … and I would walk 5 k to kfc just to bring a pepsi max right back, to you!

  28. Clearance rates are a hoot this week.
    NSW:73%
    VIC82%
    Qld58%

    The queensland number is 38 sales from 220 scheduled.

  29. back from the foo fighters Sydney concert – was brilliant. They played for 3 hours and gave a proper stadium concert appearance.

    i’m not old enough to have seen any of the iconic rock and roll bands (Stones, Led Zeppelin, Kiss, Queen et all), but from the videos and stuff that I’ve seen, Dave Grohl, Taylor Hawkins and FF certainly carry the mantle forward.

  30. Dear Progressive PC Taxpayer Funded Youth Oriented Triple J.

    Do you find it a little odd that the number 1 spot in this year’s hottest 100 went to a song full of sexist / racist / mysogynistic lyrics?? Yeah, well #MeToo

  31. Graham Fuller is an ex-CIA middle east specialist. He put this article out earlier this month. Rather than looking at the Saudi Iranian tensions as a sunni v shiite, or an arab v persian thing he suggests we could view those tensions as wahhabism v islam, autocrat v democrat or perhaps pre-modern v modern in essence. He also points out that unlike a number of other nations in that area, Iran, like Turkey, is substantially a single entity and would hold together better were it to go to war.

    http://grahamefuller.com/iran-on-the-brink/

    I see that he says that a war with Iran is “thinkable” because Iran does not have nukes, but there seems to be indications that Russia has Iran’s back and any move on Iran by the US or the Saudis would need to be cleared with Russia you would think.

    • Relevant StakeholderMEMBER

      Pretty simple, Iran is threatening Israel’s nuclear supremacy in the region. Iran has the knowledge and capability to produce nuclear weapons, therefore must be destroyed.

      edit: If the neocons manage to divert America’s attention back to the ME and away from the primary threat (China) than they will continue to lose ground everywhere including the ME.

  32. Here’s an excellent investigative piece on NZ selling the farm for a loss.
    https://interactives.stuff.co.nz/2018/01/half-a-million-hectares-sold/
    (hat tip to http://thedepression.org.au/)

    “An analysis of all tenure reviews since 1998, based on data released under the Official Information Act, shows the taxpayer has paid nearly $65m to privatise land it owned, which in some cases has been on-sold for significant capital gain, pushing up property prices at the taxpayer’s expense. (Data for 36 reviews completed before 1998 was not released by Land Information New Zealand.)”

  33. politics/political-news/female-world-leaders-vent-about-unequal-treatment-in-bathroom-gatherings-julia-gillard-says-20180126-h0p5ca.html

    Read the above. Does it sound like a leader? Is a leader affected because someone criticises their clothes?

    What’s killed Labor?

    Gillard, Wong, Plibersek. Women are too weak, too soft for politics. Too weak, too soft to make great decisions for the herd as opposed to looking after individuals at the expense of the herd.

    • GunnamattaMEMBER

      I must confess the one thing which would just about bring me to vote ALP in the next federal election (and preferably for someone like Wong who is not just female but openly lesbian) would be the sort of right wing gibbering nutjob bridge to Islamic fundamentalism who posts incomprehensibly misogynist comments in otherwise fairly innocuous comment field, and can’t even cut and paste a link properly….

      Keep up the good work old coq….

      • lol. I didn’t mention homosexuality or Islam. I’ve got nothing against either.

        I just want stronger leaders. Quite the assumptions you’re making there. Why would you vote for someone based on their sexuality? And I’m small minded? Too FUNNY.

      • Softness is a female trait. It is not misogyny to highlight that especially when the article screams it. Some women are hard enough to lead. Gillard wasn’t one of them. Plibersek certainly isn’t. Wong? Maybe. Too focused on micro issues.

      • Ric, I’m sure Joan of Arc, Boudica and Tomoe Gozen would love to debate feminine softness and leadership qualities with you. Only problem I see is you making your point before you bleed out.

    • GunnamattaMEMBER

      Let us look at Ric and the contribution to discourse made here at MB this last weekend…..
      Nothing self outs like your genuine nutter……..

      RicMEMBERJanuary 26, 2018 at 12:54 am
      https://www.macrobusiness.com.au/2018/01/macrobusiness-australia-day-weekend-links-26-28-january-2018/#comment-3036986
      Left wing have wrecked the western world. My view is you’ve created a bloody revolt. It’s only a matter of time.

      Did the ‘right’ play any part at all in this, or are they (bearing in mind they have had power in more nations more often than not in the western world since the early 1980s) completely absolved of responsibility?

      RicMEMBERJanuary 26, 2018 at 12:01 pm
      https://www.macrobusiness.com.au/2018/01/macrobusiness-australia-day-weekend-links-26-28-january-2018/#comment-3037078
      I entirely disagree. Left are unable to see the consequences of being left.
      They typically fall into the following. Rich and removed, young and dumb, liars pushing fake agendas and smart but stupid people.
      The left are being manipulated by the right into populating. It’s been astounding to watch the idiot left embrace policy that destroys everything they set out to achieve. Beyond belief.

      Did the ‘right’ play any part at all in this, or are they (bearing in mind they have had power in more nations more often than not in the western world since the early 1980s) completely absolved of responsibility?

      RicMEMBERJanuary 26, 2018 at 11:20 pm
      https://www.macrobusiness.com.au/2018/01/macrobusiness-australia-day-weekend-links-26-28-january-2018/#comment-3037286
      Jacob
      “All in all, the left wing today is completely devoid of logic and bravery”
      Or integrity, decency, honesty or relevance.
      They are a disgrace only a naive kid would vote for.

      and the ‘right’? Do they have qualities they bring to the table which we should vote for?

      RicMEMBERJanuary 26, 2018 at 3:54 pm
      https://www.macrobusiness.com.au/2018/01/macrobusiness-australia-day-weekend-links-26-28-january-2018/#comment-3037169
      Have those Greens idiots asked original Australians if it’s okay to invite 400k people here every year?

      Invasion day bad. 400k migrants a year good.

      how about the governments which have actually been in power during the (I agree disturbing) ramp up in Australian immigration numbers. That’d be the ALP and the LNP wouldn’t it? And it started under Howard didn’t it? And the government which has been in power for 5 years, that’s been a Torynuff government hasn’t it?

      RicMEMBERJanuary 27, 2018 at 11:57 am
      https://www.macrobusiness.com.au/2018/01/macrobusiness-australia-day-weekend-links-26-28-january-2018/#comment-3037360
      Skippy
      That seems more deflecting than answering.
      Do you have an answer?
      Actually, don’t bother. We both know Greens have no interest in facts and what’s right. They are a disgrace.

      Maybe true about the Greens, but have the LNP or ALP (who have actually been in power) shown any better comprehension in facts and what’s right?

      RicMEMBERJanuary 27, 2018 at 6:45 pm
      https://www.macrobusiness.com.au/2018/01/macrobusiness-australia-day-weekend-links-26-28-january-2018/#comment-3037457
      Skippy
      Just answer the question.
      Have the Greens asked the owners of Australia if it’s okay to invite 400k migrants a year. It’s not that hard.

      Could we ask the government which has been in power 5 years? Or its predecessor?

      RicMEMBERJanuary 27, 2018 at 12:03 pm
      https://www.macrobusiness.com.au/2018/01/macrobusiness-australia-day-weekend-links-26-28-january-2018/#comment-3037361
      one big product?
      WTF?

      RicMEMBERJanuary 27, 2018 at 12:05 pm
      https://www.macrobusiness.com.au/2018/01/macrobusiness-australia-day-weekend-links-26-28-january-2018/#comment-3037362
      Google have a stake in every single corner of our lives and if not they’re presently buying a stake.
      Check out Magellan “are we there yet” video.

      Yeah OK, but what is the ‘right’ or their ‘strong leaders’ doing about all this again?

      RicMEMBERJanuary 27, 2018 at 12:19 pm
      https://www.macrobusiness.com.au/2018/01/macrobusiness-australia-day-weekend-links-26-28-january-2018/#comment-3037366
      In terms of return and wages, Newcastle and Wollongong have to be the most over priced real estate in Australia. Seems to me, you can’t commute to Sydney from either but people try it short term, burn out and sell.

      RicMEMBERJanuary 28, 2018 at 10:39 am
      https://www.macrobusiness.com.au/2018/01/macrobusiness-australia-day-weekend-links-26-28-january-2018/#comment-3037545
      politics/political-news/female-world-leaders-vent-about-unequal-treatment-in-bathroom-gatherings-julia-gillard-says-20180126-h0p5ca.html
      Read the above. Does it sound like a leader? Is a leader affected because someone criticises their clothes?
      What’s killed Labor?
      Gillard, Wong, Plibersek. Women are too weak, too soft for politics. Too weak, too soft to make great decisions for the herd as opposed to looking after individuals at the expense of the herd.

      Looks like a straight out reference to sexuality in terms of political ability to me. How does Gillard stack up against Krudd or TestosterTone – let alone PMT or JWH – again? The ‘red box’ the questions about her partners sexuality, the ‘ditch the witch’? Maybe my mind is addled by psychotropics but I definitely recall comments in the media about her dress sense. Was there no sexism in the commentary about her? Is that what you are saying? And if there was ‘some’ then doesn’t that fit with her observation about it being ‘partly’ a factor in her demise? She didn’t do all that much as PM, and she certainly did sip from the poisoned chalice to knife the Kruddster. But could we actually say she wasn’t sexually targeted, or that she didn’t respond to that with considerable dignity?

      RicMEMBERJanuary 28, 2018 at 11:49 am
      https://www.macrobusiness.com.au/2018/01/macrobusiness-australia-day-weekend-links-26-28-january-2018/#comment-3037572
      lol. I didn’t mention homosexuality or Islam. I’ve got nothing against either.
      I just want stronger leaders. Quite the assumptions you’re making there. Why would you vote for someone based on their sexuality? And I’m small minded? Too FUNNY.

      what are those ‘strong leaders’ going to do for us again? TestosterTone was a ‘strong leader’ wasn’t he? Are you after Captains picks? Or a cabinet with only one woman?

      RicMEMBERJanuary 28, 2018 at 12:03 pm
      https://www.macrobusiness.com.au/2018/01/macrobusiness-australia-day-weekend-links-26-28-january-2018/#comment-3037575
      Softness is a female trait. It is not misogyny to highlight that especially when the article screams it. Some women are hard enough to lead. Gillard wasn’t one of them. Plibersek certainly isn’t. Wong? Maybe. Too focused on micro issues.

      What about Thatcher or Merkel? (or is softness only an issue when it’s a left wing female trait?) Softness may well be a female trait, but wouldn’t you want some ability to engage with the punters? Most of the literature I’ve read points to women having better developed social skills than men

      RicMEMBERJanuary 28, 2018 at 12:12 pm
      https://www.macrobusiness.com.au/2018/01/macrobusiness-australia-day-weekend-links-26-28-january-2018/#comment-3037575
      “Ms Gillard later said the challenges faced by the government and her eventual downfall were partly explained by sexism”
      What fantastic self reflection. Just astounding.
      No. It was because you and your party are the worst thing to ever happen to Australia.

      given what unfolded with Gillard’s PMship, I would have thought the words ‘partly explained by sexism’ pretty much hit the nail on the head (plenty of it fed by Krudd, but mostly coming from the Torynuff end of the political spectrum)

      …nothing self outs quite like your genuine nutter. And the 3 posts at the end with some typing in capitals is a nice touch.

      I look at all that and think to myself ….’well here is the real McCoy’

      You, sir, are a misogynist right wing nutter.

      all in all I wish we had 3d1k back

      • Calling me a nutter is hardly productive. I have an opinion. Doesn’t make me crazy but if that makes you feel better about your illogical opinions good.

        I’m not a fan of the right either but it’s good you’ve painted me as that. Everything wrong with Australia comes back to people like you, that refuse to acknowledge people like me are not happy to vote for today’s disgustingly treasonous Labor or Greens.

        Don’t be a dickhead, and maybe consider some of what people like me are saying. Australia’s future relies on it. It’s why Labor didn’t win and won’t win. Leaving people like Turnbull and Abbott to run the country. You are your worst enemy.

      • ” or that she didn’t respond to that with considerable dignity”

        Exactly. She handled it poorly. A poor leader. Look at the REIT debacle. Ber, Batt’s, top boxes. She behaved like a school girl and is a massive blemish on our history. She set back the women’s movement more than anyone I can think of. I respect women more than anyone but I won’t revere them simply because they’re women.

        Can you imagine Bishop, Thatcher, Wong, Sally Mcmanus carrying on like Gillard did? No.

      • The far right moron luvvy hijack club

        Looks that way Gunna – completely pwned!!!

        proven by the use of the word ‘dickhead’ – only ever used by those ‘winning’ the gladiatorial combat of the comments section on weekends at MB (except where used by a dickhead to identify themselves). There are a lot of winners here on weekends these days. Far too many for a silly old git like me.

      • @The far right moron luvvy hijack club

        The Labor party is dying. I’m giving you a gift and telling you why. Who do you think will replace them? Greens? No. It will be LNP and candidates like Hanson. Like I said, people like you are your worst enemy. You don’t understand what’s going on, and you certainly don’t understand how it will unfold.

      • Gunnamatta, you already have 3d1k, he now posts under the names “Wiley Wolf”, “Dominic”, and “Daniel”.

        Have a think about why the fake left wing keeps losing elections. I voted against PM Howard 3 times in a row. The Greens gave out no carbon compo cheques at all. Even Rudd gave out $900 cheques!

        Bob Hawke said “no Aussie child will be in poverty by 1990” but did nothing for Aussie kids! The least he could have done is make bus travel free for kids. I was too poor to afford a bus ticket and used to walk home in the pouring rain. Thanks fake left!

        The right wing is happy to jail people for getting too much money from Centrelink, but is the fake left wing willing to jail bosses for wage theft? No! That is how stupid the fake left wing is.

  34. “Ms Gillard later said the challenges faced by the government and her eventual downfall were partly explained by sexism”

    What fantastic self reflection. Just astounding.

    No. It was because you and modern Labor are the worst thing to ever happen to Australia. Get back to being a party for Australians and particularly Australian workers.

    • Adding to the above discussion, here are three pieces that look at Guy Standing’s new class system model.
      From top to bottom it is
      Elite
      Salariat
      Proficians
      “Old” working class – proletariat
      Precariat (my pick for word of the day)
      Unemployed / lumped precariat

      Part 1 – https://www.weforum.org/agenda/2016/11/precariat-global-class-rise-of-populism/

      “At the top are a plutocracy and an elite, earning rentier incomes and wielding enormous political power. Way below them, in income terms, is a salariat, a shrinking group with employment security and an extensive array of non-wage enterprise benefits such as pensions, paid holidays and medical leave. Alongside them in income terms is a growing group of proficians, not seeking employment security but frenetically making money, endangered by burn out.

      Next comes the old core of the working class, the proletariat, for whom the unions worked and for whom welfare states were built. The norm was stable full-time labour, with entitlements tied to performance of labour. Shrinking everywhere, there is no reason to wish to revive a society in which this way of living is the norm.

      Below it in income terms, the precariat is growing. It is not an under-class; global capitalism wants a workforce with its core characteristics. It can be defined in three dimensions. First, it has distinctive relations of production. Commentators have emphasized the first aspect, some claiming that the precariat is not a new class because there has always been unstable labour. But while it is true that the precariat is being pressured to accept unstable labour, this is the least interesting feature.”

  35. 1 green bottle sitting on a wall.
    Brisbane apartment prices plunged on average by $81,000 amid an acknowledged oversupply in the city, currently at $644,667, down from $745,563 in the July quarter.
    Brisbane’s woes are not confined to the Sunshine State.
    As it turns out, Queensland and Victorian residents account for the vast majority of the net negative gearing that has been undertaken in Australia in the latest round of credit expansion.
    That means many of those declining Brisbane apartments are owned by Victorians.
    So what about the ability of the Victorian or their willingness to pay off a mortgage declines. The ability to pay can be measured by the debt service-to-income ratio,
    Which in turn is driven by interest rates and mortgage contract changes.
    The “willingness to pay” is driven by the equity held in a property and can be measured by the loan-to-value ratio.
    A final factor is unemployment, and pending unemployment from the roll out of machine intelligence.
    Lose your job and you are dead in the water, shark bait
    During the US subprime crisis, investors with high loan-to-value ratios defaulted at 2x to 4x the rate of owner-occupiers.
    With Brisbane apartment prices collapsing , the prospect of negative gearing adversely affecting the willingness to pay is very high.
    How about this.
    There are now more than 1.5 million people with 1 investment property.
    There are more than 770,000 with 2,
    There are more than 350,000 with 3
    More than 400,000 with 4 plus “investment properties”.
    Add to this the observation that half of negative gearing losses come from those on the bottom 75% of incomes and it is easy to see a picture of financial stress spreading.
    Mortgage obligations in QLD met by an unwillingness to pay may manifest in the sale of higher priced properties in VIC, for a short while. Then Snap Jaws Mk II

    • Are there any real Private schools? My understanding is that most that have that label are really Public Private Partnerships.

  36. I’m not sure these SJWs could get any more confused if they tried

    http://www.smh.com.au/nsw/sirius-campaigners-farewell-final-resident-but-pledge-to-buy-back-building-20180127-h0p6ts.html

    Mr Carter revealed on Saturday that Save our Sirius will put a bid together to buy the building from the government.The group plans to employ the original architect for its restoration and to “keep large chunks” as low-cost housing.

    “The government wants $100 million dollars for this building,” Mr Carter said. “We think that’s too much but we’ll pay [it].”

    But we’re going to pay it anyway?
    Instead of using the donated money to build $100,000,000 worth of housing elsewhere that may house several times more people?

    Seems sensible

    “If the bid were successful, Ms Demetriou’s apartment would be kept “in perpetuity” for a young woman and her family to live and enjoy “the opportunities and career that a big city has to offer”.”

    Ah, of course. Goes without saying. Can’t have virtue signalling without some misandrist discrimination

  37. I’m not sure these could get any more confused if they tried

    ht tp://ww w. smh.com.au/nsw/sirius-campaigners-farewell-final-resident-but-pledge-to-buy-back-building-20180127-h0p6ts.html

    Mr Carter revealed on Saturday that Save our Sirius will put a bid together to buy the building from the government.The group plans to employ the original architect for its restoration and to “keep large chunks” as low-cost housing.

    “The government wants $100 million dollars for this building,” Mr Carter said. “We think that’s too much but we’ll pay [it].”

    But we’re going to pay it anyway?
    Instead of using the donated money to build $100,000,000 worth of housing elsewhere that may house several times more people?

    Seems sensible

    “If the bid were successful, Ms Demetriou’s apartment would be kept “in perpetuity” for a young woman and her family to live and enjoy “the opportunities and career that a big city has to offer”.”

    Ah, of course. Goes without saying. Can’t have virtue signalling without some mis andrist discrimination

  38. “Federal Icac unnecessary as Senate has anti-corruption powers” says recipient of $40k prize who only handed it back after being sprung. Gina Joyce said “I don’t think there is a real sense in Australia of a concern with the political system,” contrary to every opinion poll but was said in lock step with the LNP’s donors.

    “Barnaby Joyce: federal Icac unnecessary as Senate has anti-corruption powers”

    https://www.theguardian.com/australia-news/2018/jan/28/barnaby-joyce-federal-icac-unnecessary-as-senate-has-anti-corruption-powers

  39. The Traveling Wilbur

    Why is Martin Snedden bowling for Australia? How does that help?

    (seriously, is Starc injured? hopes not)

    • Mining BoganMEMBER

      You gotta look to see what he’s deflecting attention away from.

      My guess is that Gina is an ISIS warlord. Lord knows she’s done enough damage to pass for one. Plus extreme radicals wouldn’t mind working for two dollars a day.

    • Barnacle couldn’t care less, Gina’s his paymaster. It’s only a matter of time before you hear wedding bells for Mrs & Mr Reinhardt.

  40. Built a fairly straightforward webapp using ABS Census 2016 Incomes data, in collaboration with ThePortfolioTrader.

    https://virusme.shinyapps.io/abs_census2016_incomes_visualisation/

    Please do enjoy, those of you interested in gauging buying-capacity and things related to incomes might find it useful and interesting.

    Note: Do not use it too much, we are on a ‘free plan’ for hosting the web-app that comes with just 25Hrs per month! 🙂
    Feedback welcome!