Sunday Supplement: 28 June 2020

‘Our untidy bush’ Arthur Streeton, 1927, National Gallery of Victoria

 

Macro & Markets

 

Asia

 

Americas

 

Europe

 

Terra Specufestor

 

…and furthermore…

Latest posts by Gunnamatta (see all)

Comments

    • DominicMEMBER

      There’s a veritable blizzard of this shyte doing the rounds at the moment. I’m still depressed at how many people swallow it as gospel. Sheep, the lot of them.

        • Fair point. We need the drip to turn into a torrent though and put an end to this madness.

  1. Is anyone keeping a tracker of insolvencies job losses etc? Wiley Wolf used to post a list every so often, but haven’t seen him for a while

  2. Harold, have you been studying stinky intervals on the guitar, like turds, flat turds, augmented turds and diminished turds?

    • haroldusMEMBER

      It sounds like they have a small PA which they have turned up. I’m a few houses over but in the back yard it is very loud.

      They are doing 80s songs at the moment (Take on Me, Tainted Love, Sweet Dreams Are made of These).

      • boomengineeringMEMBER

        Sounds like the landlord using it while no tenants, the music fits age group.

        • haroldusMEMBER

          You could be right.

          Missus said she saw the owner going in the other day. But it’s dark all other nights.

          Actually there were some film-looking trucks outside about a month ago.

          They had set up lights it looked like in the alley way (or that’s what it looked like walking past).

          • BigDuke6MEMBER

            We used to get parties like that near us. Go on too long , eighties music, and the whole crowd would sing John Farnham ‘your the voice’ at the top of their lungs … I mean who TF does that?

          • BigDuke6MEMBER

            I didn’t mind it and I like a noisy party like anyone but what sort of swingers party has a floral chorus of “you’re the voice” at 2am, says boomers in a 50 person hot tub to me…

          • I am GrootMEMBER

            From the film crew, extra lightning, and Tainted Love, I’m guessing it has something to do with Reus. What exactly, I don’t really want to know.

      • ErmingtonPlumbingMEMBER

        At their Next party just turn up in a towel and report back to the MB commentariat

  3. I am still recovering from the picture of Possum yesterday and now Gunna is posting pictures of untidy bushes!
    This place is going Downhill….

    • boomengineeringMEMBER

      Curiosity killed the cat and made every one else sick.
      Beware the bloggers bearing gifts.

    • That is a magnificent painting. Just looking at it I almost feel I am there

      I know it isnt the point of MB but if ever someone was to tell me that Gunna was organising Gallery tours and sessions on Australian painting I would actually be pretty interested. The last time anyone tried to run art past me was in Form 3 but I love the links artworks

      • haroldusMEMBER

        We could use one of the many education software thingies and Gunna can talk about the art while we all have c00n and jatz crackers while drinking a cheeky cardonnay.

        Like that nun what used to be on the TV.

  4. migtronixMEMBER

    This fvcking guy!

    “Now that the very expensive, unpopular and unfair Individual Mandate provision has been terminated by us, many States & the U.S. are asking the Supreme Court that Obamacare itself be terminated so that it can be replaced with a FAR BETTER AND MUCH LESS EXPENSIVE ALTERNATIVE…..”

    Yes yes yes everyone believes that in the worst pandemic the US has seen in decades, that the demand for rolling back healthcare is what’s on everyone’s mind. This fool will tear the US apart….

    https://twitter.com/realDonaldTrump/status/1276868868359815169?s=19

    • DominicMEMBER

      It’s been a rank failure. Everywhere.

      Perhaps they should arrest and jail (flog) people for not downloading it.

      As an aside, Apple have downloaded a COVID locator on every iPhone in existence, just FYI. I checked mine and it’s true. It’s just not currently turned on.

      • Arthur Schopenhauer

        Where is the on/off button? Settings?

        Edit: I thought what you said was complete BS, and it is.

      • Arthur Schopenhauer

        The tracking Apps have failed everywhere. The Economist has a great article on it.

        The Covid Bluetooth Tracing API is on iOS 13.5 and the latest release of Android. It looks robust and appears to work very hard to protect individuals privacy.

        The tracing processing is done on device (not on a server), so location data is not sent to a central repository.

        It was a joint project between Apple and Google. The greatest criticism of the API has come from governments, like Germany, who want access to citizens location and contact data.

        The methodologies behind the API are transparent and are documented here:
        https://www.apple.com/covid19/contacttracing/

        It’s not a grand conspiracy, it’s the two big mobile OS companies doing what most national health department can’t, in a way that respects individual privacy.

        The fact that nation states do not like the limited access to individuals data, should tell you enough. As someone who spends all day doing this stuff, it looks like a very good privacy implementation.

        • Arthur, you may know the salient detail behind the tracing projects but 99% of the population don’t, and are suspicious – it’s an entirely natural instinct. When you don’t fully grasp something and all you have are the promises of a Gubmint which is largely untrusted anyway, you can understand why people may choose to decline. As for Apple and Google, their solution may be superior but again you face the same issue – trust. How can the average man in the street know? They can’t, so they either chose to trust or they don’t. And that is why something that is voluntary is liable to fail. On the other hand, if they were to offer a $100 Colesworths voucher in exchange for uploading and running the app constantly, you may get more interest.

          • Arthur Schopenhauer

            Spot on, it’s all about trust, and there is not much about.

            As an aside, it would be a huge advance if social networks, AI data repos, search engines and advertising trackers etc etc had to pay for people’s behavior data and likeness. No pay, no data.

          • Lots of reasons to be suspicious. Data breaches, NSA and Snowden, Cambridge Analytica, ScoMo’s face. I worked in big data for 15 years now (even though it wasn’t called big data) and honestly lots of people track everything but fail when it comes to their data scientist teams. They can’t make sense of the data or its garbage in garbage out. But still what can be inferred and determined and measured worries me.

            I would trust Google’s APIs but I do worry about the power these companies can wield and I’m not sure Google’s new leadership is like the old leadership (which I used to trust more).

            Just my 2 cents.

          • Lord Winchester EntwhistleMEMBER

            The government could ask for peoples FB data and scrape that and get loads of info as most people over share on FV anyway

      • happy valleyMEMBER

        And off memory, an appropriate (?) level of take-up of the COVIDSafe app was one of the (very dispensable?) milestones for the National Cabinet, to consider easing the various lockdowns? LOL?

    • Trading freedom?

      By using a voluntary app that stores data that you never hand over / upload unless you are infected? And at worst may mean that you will be contacted if someone else is infected?

      Far worse than an app that doesn’t work well are all the places demanding you write down your name and mobile number on a sheet when entering.

      I assume you refuse to do that or write down false information to protect your “freedom“ when exercising your freedom to socialise.

      Have you recorded your details?

      Here is a great idea you can promote.

      The “ just the flu” crowd should lobby the government to establish a COVID-19 managed infection centre so they can turn up and receive a COVID-19 infection and then wait it out until they achieve immunity / test negative.

      If they believe herd immunity is the best option why don’t they walk the talk and volunteer to “lead the herd“.

      They would be doing a public service.

      Which is better than insisting that everyone else should just take the chance of receiving a COVID-19 and suffering mild effects.

      • The Traveling Wilbur

        There’s a difference between ‘Just the flu bro.’ and ‘Just an app bro.’.

        There is no app that is ‘Just an app.’.
        There are illnesses that are ‘Just the flu.’.

      • Rorke's DriftMEMBER

        I initially walked out of a cafe and pub that wanted me to swipe my phone on a barcode thing to enter. The young girl in the cafe looked bewildered that someone would have a problem doing this. I’ve now found I have to at a minimum write my name down at most pubs and cafes or dont go. So just to allow myself to interact with society and not sit at home Ive taken to writing my first name with a false phone number. But it worries me as places have security cameras to find me anyway and giving false details is possibly a fraud. This is a straight out assult on freedom, not a health issue. I have no confidence this tracking ends when Covid does.

        • RD
          This is fckd it’s not about COVID, it’s about tracking and control

          Below is not to down play a virus, any virus is terrible – I can’t even cope with a head cold.

          But let’s be truthful with ourselves. In the most part, noone under 70 or 80 years old is dying from COVID and from my understanding they are dying from an existing serious conditions.

          This is very extreme measures under the true circumstances.

          They are trying to take our freedoms away from us.

        • migtronixMEMBER

          It’s just a scam. These morons who love to magic up money out of appropriation bills were told contact tracing is important and guess what we have technology – just gimme the money.

          Now, contact tracing is important – AT THE OUTSET! Now it would just produce so much noise it’s needle in haystack stuff.

          No. There’s no science backing the app- and contact tracing should be done by professionals with experience.

          • Mig I think the app was meant for morons like me that cant remember who they were with at any time of day let alone over the previous 48 hours for contact tracing if they got infected. Great idea in theory but it sounds like the implementation was lousy. After th e customary 6 iterations to get it right the virus will mutate into something benign, a half million will be dead worldwide and this app will have achieved zero except draining my phone battery life.

        • Scan what? I dont have cards enabled on my phone despite the frequent pestering from Samsung Pay which I would delete in a heartbeat but cannot. Sounds like Ben Dover gets to visit pubs everywhere.

        • ZevombatMEMBER

          WA is removing need to record names and numbers from this week, with lifting of other restrictions. The visitor logging won’t be forever but I did wonder how much data would be harvested from cafes etc

          • Rorke's DriftMEMBER

            Your first reply to me Mr Entwhistle. Doesn’t seem very nice, but ok.
            In making a public statement of concern against loss of freedoms, I’m arguing on behalf of all citizens including you. If you think I’m wrong or misplaced, make an argument yourself. That’s what contributes to a healthy democracy.

      • Rorke's DriftMEMBER

        Pfh07 you seem one of the more intelligent posters here, yet why so naive on the tracking issue. Why would anyone want to go and deliberately infect themselves, just such a silly comment. If the app doesnt work, they are still getting people signed up and trained up to accept it whilst the opportunity is there and future software upgrades can fix any bugs. Successful or not, this tracking of people by app or collecting names attacks freedom of movement, freedom of association, freedom from harassment. I heard the army is being employed now to enforce isolation periods for travellers. When eventually they come for you, and guys in hazmat suits turn up unexpectedly at your work or wherever and drag you out and into quarantine on accusation of drinking at a pub where an infected person passed through,without any recourse or ability to challenge that, I hope they let you still post to MB about how pleased you are with the tracking capability you facilitated.

          • Rorke's DriftMEMBER

            I do try to leave the phone in the car or similar if I’m out and about for short periods and don’t need it. I liked that story of the Perth electrician I mentioned once previously, who kept his phone inside a twistees packet, which as a thin metal acted as a faraday cage and blocked tracking. Actually I think I might start doing same.

          • RD I remember that story with Twisties packet. I think he got fired for doing it but utterly inspired piece of work.

        • “.. Why would anyone want to go and deliberately infect themselves, just such a silly comment. ..”

          Why?

          Because those I am referring to, insist it is no worse than the flu or common cold.

          If that were true they should have no problem proving their point with some “skin in the game“.

          I have never been admitted to a hospital and rarely get sick so should be fine but I am not foolish enough to take chances with a novel corona virus.

          People who insist we should just let COVID-19 do it’s thing would be easier to take seriously if they were speaking from personal experience.

          “Hey I chose to get infected and it was not too bad and now I am immune”

          No doubt the deep state media are or will suppress their testimony.

          As for tracking, I get the concern, but if you are really worried about the deep state etc you should use any form of technology as little as possible. Just having a mobile phone and leaving it on most of the time leaves a record of all your movements in plenty of state and non state hands.

          The COVID-19 app is one of the lesser issues. The tracking you should be worried about is the stuff they are not telling you about.

          • Rorke's DriftMEMBER

            Came across a note today posted to twitter “Contact Tracing” How to Remove the Option from your Cell Phone.(i.e. the app they’ve now downloaded to all phones worldwide without telling you):

            iphone
            1. Go to Setting
            2.Click on “privacy”
            3.Click on Health
            4. Deactivate COVID-19 function
            android
            1. Go to settings
            2. Select Google
            3.Click on 3 dots
            4. Click use/diagnosis
            5. Deactivate the function.

            Just did this on my android phone. Didn’t know it was there. Why.
            I don’t know if this works, I’m not tech savvy, nevertheless, now you’ve been given the tip, let me know if you do the same or you’re still happy to leave the tracking function on your phone.

          • I found it on my iphone but it was turned off, which is odd as I have the COVID-19 app enabled.

            Possibly Apple and the government are still sorting out the details of how this ‘new’ iphone functionality will work with the governments app. Maybe the government is still working on building the functionality into its app and the iphone functionality will turn on with the next update.

            I am not too concerned if I am exposed as I should be okay health wise but I would like to know so I don’t infect some oldies I have contact with.

            If the deep state want to track my movements for some reason they are welcome as the corporate world has been tracking my movements via their apps for decades.

          • The Traveling Wilbur

            And Pfht inadvertently stumbles onto the actual problem here. Very inadvertently, but on it nonetheless.

            Sure. You might be happy to give that data to THIS government. I would be too, for what it *says* the app can collect.

            But what about the NEXT government, or the government 10 elections from now? You happy to give that government (that might be hunting down all people who had contact with left-handed people from Switzerland for some moral reeducation for all you know) access to that data? I am not.

            And before you say “there are rules bruv”, well there are rules for eHealth, Superannuation untouchability and access to internet data access records too.

            This government, THIS government has corrupted and/or driven a bus through the rules for ALL of those things. THIS government.

            You might want to think about the implications of that.

          • drsmithyMEMBER

            It’s not an app, it’s a new API (capability built into your phone) so an app can – once it’s been written/modified to do so – provide properly and securely anonymised contact tracing.

            It’s not anything tracking you (unless you install an app that uses it). And it’s disabled by default.

            Yous need to calm down a bit. It’s literally the opposite to what you think it is.

          • drsmithy,

            Agree.

            Never have so many (or perhaps so few) been so worried about an app on their internet connected devices that they can uninstall at any time.

          • Wilbur,

            “…But what about the NEXT government, or the government 10 elections from now? You happy to give that government (that might be hunting down all people who had contact with left-handed people from Switzerland for some moral reeducation for all you know) access to that data? I am not…”

            10 elections from now?

            If I was as worried as you seem to be I would simply not install the app or even better not use a mobile phone or comment on blogs with the 5 eyes and the ones in Beijing and Moscow watching every key stroke.

            My phone rarely rings.

            For the most part it is a means of carrying around books, audiobooks and communicating with all my dear friends who I have never met (apart from Mig and haroldus …..both top shelf folk).

          • The Traveling Wilbur

            It’s a spectrum of ‘risk’. Guess which side of the middle giving the government tracking and interaction data privileges to your phone is?

            And if I’m understanding you correctly you’re saying they’re both top-shelf guys? 😁

          • Wilbur,

            On the spectrum of risk – telephony apps are nothing compared to the risks involved in consenting to a state/private monetary monopoly cartel such as the one currently grinding the population into submission.

            But how may give a toss about that?

            And that is a risk that is right here, right now and involves zero speculation about 10 elections from now.

          • drsmithyMEMBER

            To be clear, I’d be more than a little bit cautious about downloading any Government tracking apps in general (particularly Governments like this one with a very poor track record of privacy and history of using state apparatus for political purposes). However, the particular feature in question exists to provide useful contact-tracing ability while also protecting individual privacy – ie: it’s now less risky (from a privacy and “oh noes Government!” perspective) than it had been with earlier apps.

            Like I said above, it’s literally the opposite to what people are worried about – it makes properly secure, private and anonymised contact tracing possible, and in a way you can enable and disable at will.

            There’s some more info on Apple’s implementation here:
            https://www.macworld.com/article/3545329/apples-covid-19-exposure-notification-api-what-it-is-and-how-it-works.html
            https://covid19-static.cdn-apple.com/applications/covid19/current/static/contact-tracing/pdf/ExposureNotification-FAQv1.1.pdf

  5. Ref: Private gain, public loss – Aeon…privatising public services is simply putting a private sector funds extraction mindset to the public teat…

    https://slate.com/business/2020/06/mckinsey-companies-avoid-responsibility-management-consulting.html

    Then some would have you believe there is no such thing as control fraud or predatory behavior in the market place, yet, demand that all public services and institutions be privatized to become more efficient [tm = extractive]. Per se private health care [coughs] in the U.S. once held up as an exemplar imploding and failing in its duty of care – mileage may vary due to perfected economic metrics and investment bias.

    Nice day to drive up to Kingaham to pick youngest son up from uncles place after a week of helping out on school holidays.

    • SweeperMEMBER

      “Management” shouldn’t be a career. Having professional “managers” running businesses is a huge reason for low productivity under the neoliberal period imo.

      • DominicMEMBER

        Having no managers at all would appear to me to be a recipe for even less productivity – or no productivity at all.

        • ErmingtonPlumbingMEMBER

          Sweepers point is not that there should be no management. He is simply saying it shouldn’t be a profession in and of its self.
          Management Should consist of people who have come “up through the ranks” of an enterprise or risen up through similar enterprises.
          Boeing was one of the most productive companies in the world when it’s management came from and bowed to its engineers.
          Look what happened to them when they embraced the culture of “professional management”
          Apparatchiks of corporate plutocracy little different from the apparatchiks of big government that your always complain about Dom

          • Exactly. Primary prerequisite should be understanding the product and the risk in the balance sheet not “how to manage” whatever the hell that means

          • I never realised management was a profession — the only managers I ever came across in my career was people who’d come up through the ranks.

            Unless you’re referring to management consultants perhaps? (But they don’t manage as such, they advise management). Boeing’s problems stem from the fact they were run by an accountant (dreaded bean-counters), staff they’d inherited from McDonnell Douglas post-take over. Completely agree that it changed the company and ruined it. Still not sure about ‘professional managers’ though – bit of a new one to me. Perhaps it’s because I haven’t been in a white-collar job for a while and have missed recent developments.

          • bolstroodMEMBER

            I read an excellent book about the American business model prior to the rise of MBA’s
            Called the “Puritan Gift”.

        • GunnamattaMEMBER

          You got any evidence whatsoever to support that contention?

          Management is a dead weight on any workplace, reliant on lies and speciousness, withholding information but using it to reward others, invariably (in most workplace but maybe not all – I have seen some where management contribute meaningfully) sapping the motivation of subordinate staff over a long period of time and generating a need for (very expensive) more management in the form of the endless surveys the endless motivational sessions, and ever more intense and intrusive ‘performance management’ – with their in situ ostensible presence revolving around being able to lead for ‘strategic outcomes’ – which in 95% of workplaces are perfectly clear – while at any given time dabbling in the day to day drang and sturm to reward ‘behaviours’, the most important of which is to make sure subordinate tongues are firmly wedged into the gluteal cheeks of said management.

          A generations worth of MBA types festooning the managerial world – MBAs invariably being analytically shy, and long on exhortation of belief and of treating subordinate people like widgets and as chattels and directly preaching the cult of ‘leadership in such a way as Stalin would recognise it instantly – invariably brings every last issues arising anywhere as one to be ‘managed’ – take a look at the politicians, their advisors, the public sector chiefs and any given corporate leader. Of course they are told and believe from the get go that the rules they would and should apply to the underlings never ever get applied to them, and they believe in this – take at any given exec and their propensity for groping underlings, defrauding underlings, or bullying underlings.

          As someone who spent one career bailing managers out of court, and another observing them as a journalist, and has helped large numbers of people complete said MBAs (which are generally disturbingly similar, not really an academic or intellectual qualification, and largely just ‘networking sessions for that type of psychopath), I must confess I switch right off the moment anyone tells me they are a manager, sure in the knowledge that if they arent a psychopath already their world is shaping them to become one. Most large employers (public or private) inherently know this, which is why they want project, contract and temporary employees underneath them,

          At a broader level ‘Management’ is terrified of any employees or subordinates other than them thinking in terms of ‘right’ or ‘wrong’ and your policies to price people out of studying humanities and social sciences plug right in about there. Hopefully when the revolution does come there will be a little bit of knock head with something akin to the Fijian battle clubs for an awful lot of managers. They are every bit as self focused, paragons of belief over rationale and corrupted as the priests of the Middle Ages who would sell indulgences or access to heaven.

          • Gunna, the Gubmint and large corporations / organisations are teeming with dead weight, deadbeats and unnecessary layers of management — I get all that, I really do and I’m regularly calling it out. But the need for a supervisor and /or coordinator is obvious, surely. You can’t have a structure where nobody is in charge or in some position of responsibility. The need for coordination (preferably from a single source) is paramount to progress I would have thought. How can any group of people come together and know what their roles or objectives are without someone instructing them?

            If you’d prefer, we could re-title managers as ‘Supervisors’ or ‘Co-ordinators’ but it doesn’t change the role. It’s a role that is fundamental to getting sh1t done.

          • Arthur Schopenhauer

            Have you read John Ralston Saul’s “Voltaire’s Bas’tards” Gunna? He traces the history of ‘Management’ and the MBA, and then goes about demolishing it’s efficacy as a tool of corporate and national governance.

          • GunnamattaMEMBER

            I’ve read it a number of times, I have it on my shelf. I think Ralston Saul completely nailed it circa 30 years ago and once having read it, it is virtually impossible to see any management without identifying exactly what he was on about.

          • The Traveling Wilbur

            sure in the knowledge that if they arent a psychopath already their world is shaping them to become one.

            Ain’t that the sad, sad truth. And the most depressing part of the whole rats-nest that moving up the corporate ladder is. Why anyone with half a brain would inflict that on themselves is beyond me.

          • bolstroodMEMBER

            Iread abook called the Puritan Gift , it details the way US companies ,prior to the rise of the MBA brigade , selected management from those on the factory floor who showed initiative and common sense, and knew the enterprise from the bottom up.
            A very good read despite the title.

          • Rorke's DriftMEMBER

            I think MBAs become the focus of your sort of rants for the sole reason that “management” otherwise is so broad and difficult to target. Whilst not disagreeing with the thrust of your various complaints and observations, I think targeting MBAs is misplaced. MBAs are managers who have actually studied what they practice. Why would that be poor. You dont graduate with a template for everything, just gain knowledge to help you think about a business or management situations. Australian management is excrutiatingly poor and that’s partly perhaps because we are mostly in either government, finance or rent seeking organisations vs entrepreuerial, manufacturer, productive businesses. I tend to find that the most astute people I come across in business often turn out to have mbas. Its not a bad thing..

        • Mining BoganMEMBER

          There was a paper that came out just after the GFC on the health sector (think it was health) in the US about disappearing management as the layoffs happened. As middle management got the boot productivity improved until about a third of them disappeared, then levelled off until over two thirds were gone. That’s when productivity started to fall.

          Neck two thirds of them and watch this country prosper. Neck HR as well and we’ll be unstoppable.

      • Having worked in a big American corporate where a lot of managers would get slotted in from other companies departments and had no idea about the product or what my team did half the time. It was incredibly frustrating. Even worse was upper managers who would come in and change things and be off again within a year or 2 leaving a wake of destruction in their path.

        McKinsey types were the worst. Was only too happy to learn that 1 of those who came in like a wrecking ball to our team and ousted a good manager of ours was later fired for sexual harrassment. Sometimes karma bites back..

        • DominicMEMBER

          Management consultants are the worst — they’re another version of an academic: a quasi-academic, if you like. Everything they know they’ve read from a book (or via a lecturer). Few of these people have ever started or run a proper business but they think they’re top ‘o the pile.

  6. Chairman MeowMEMBER

    How to censor the internet; create moral panic about Facebook “enabling hate speech”. The logical end result will see sights like Macrobusiness labelled “racist” by Facebook and Google for challenging the open borders mantra

      • DominicMEMBER

        That’s what I thought — perhaps someone sensible has hacked Chairman Meow’s account.

      • Chairman MeowMEMBER

        LOL. You don’t pay attention do you? I’ve never called MB racist I’ve simply pointed out the highbrow racism of its commentariat before

    • Melb traffic is down because they’ve all packed their cars and are sitting at the NSWQLD border waiting to get in

    • Diogenes the CynicMEMBER

      Its a bit weird that Perth continues to lead the charge downwards given we’ve already had 20-30% falls from 2014 and the virus impact is lifting. My wife was at a local shopping centre yesterday and she had to park on the roof as it was absolutely jam packed akin to a long weekend or the run up to Xmas. With iron ore and gold up, there is still quite a bit of activity in mining. My impression from the local paper is that good homes in good suburbs seem to sell pretty quickly. The only other reason I can think of is that apartment sector is very weak and may be dragging down the overall stats in a thin market.

      • robert2013MEMBER

        Closed border=minimal population growth
        House building stimulus means more demand for new housing at the bottom end of the market with still plentiful supply.
        Plenty of jobs gone in hospitality and services.

      • second attempt..
        Mining was really good for employment when new projects were being built. Once a mine moves to operational phase it only needs 1/10 of the workforce to run it.
        Elevated Gold, prices will trigger some new projects but those will be small/medium size operations. Nothing like the mega IO or Gas projects of the yesteryear.
        Also, automation is starting to take foothold into underground operations so watch out.

  7. The interview Damian gave on ABC was great but got me thinking why as paying member I don’t get weekly newsletter or weekly article with Damian’s views on where things are heading and why.

    • Diogenes the CynicMEMBER

      Does his overall view change week to week? I get the impression they form a view and update it when things are changing or events warrant a discussion of the current view.

      • It may or it may not but many similar sites do provide weekly newsletter of overall macro picture. We leave in very volatile times and things change by the day.. Every week there is another CB that decides to go unlimited or one or two start talking about normalising interest rates (BOE for example) and would be good to hear what Damien views are non this.

    • C.M.BurnsMEMBER

      You mean, aside from the weekly podcast that the fund does; and then the detailed and very well written monthly update on fund performance that they email and publish ?

      Btw, Damien works for the fund, not the MB site.

      • I am aware of that but it will not heart if Damien is invited to write weekly article on MB – as guest perhaps.

  8. Lol

    https://www.couriermail.com.au/news/queensland/queensland-government/lnp-senator-amanda-stoker-admits-to-using-pseudonym-on-social-media/news-story/31db925b71050b14dbce9d8a21386836

    AN LNP Senator has admitted using a pseudonym on social media to promote her political views on controversial topics including race, family law and religious freedom.

    Analysis of first-term Queensland Senator Amanda Stoker’s official Facebook site has identified a series of political exchanges stretching back to last year involving a Mandy Jane profile.

  9. Stewie GriffinMEMBER

    The article on ‘Coca Cola’ suspending all it’s advertising on Social Media was interesting, it is another example of ‘Woke Capital’, which is the rising phenomenon and role that our Corporations and public companies have in promoting aggressive progressive policies and ideologies, and fanning the flames of microscopic embers of inequality into the manufactured rac!sm inferno’s currently burning down much of the US.

    “There is no place for racism in the world and there is no place for racism on social media,” Coca-Cola CEO and Chairman, James Quincey, said in a statement. “The Coca-Cola Company will pause paid advertising on all social media platforms globally for at least 30 days. We will take this time to reassess our advertising policies to determine whether revisions are needed. We also expect greater accountability and transparency from our social media partners.”

    The beverage giant has been posting quotes about diversity and ending systemic racism on its Twitter account, including support for NASCAR’s only Black driver, Bubba Wallace.

    https://www.cnbc.com/2020/06/26/coca-cola-pauses-advertising-on-all-social-media-platforms-globally.html

    *For those uninformed Bubba Wallace is the latest media generated inferno resulting from the fact that he miss-interpreted someones past creative attempt at knot tying for a pull handle, as a direct form of personal intimidation against him. Even after a suite of 15 FBI agents categorically proved the knot had been there for months he still went on CNN and instead of sensibly walking it back and thanking NASCAR for this support, continued with the oppression, racist narrative.

    The rise of Woke Capitalism itself is mainly a function of the influence that an earlier wave of aggressive left wing cultural warriors steeped in globalist indoctrination started to move out from our Universities and find employment within these corporations. God help us when the current wave of cultural marxist fascists attending our Universities now for their indoctrination,

    As I said yesterday Ideas and culture and the meme’s it produces is how humans transfer information, guide and shape behavior, and detect external threats and their potential to destabilize and spread dysfunction within our society. But unless we are able to identify where the cultural source of these ideologies originate, we will never be able to stem the flow of these dysfunction meme spreading through and altering the foundations of our society.

    • Stewie GriffinMEMBER

      I personally think it is about time that funding of the Arts and Humanities subjects at Universities be addressed. While I’m not sure that what the Govt is proposing is the best way to do it, I disagree with the expressed view in the article that idolises the Art’s & Humanities faculties as:

      Arts faculties should not give up on their basic aim of cultivating the mind. They are there to advance knowledge, accelerate solutions for humanity and educate students for a life of purpose.

      https://johnmenadue.com/tehan-proposed-university-funding/

      The reality is that Arts & Humanities faculties are doing less cultivating of the mind and more indoctrination of the mind. The political bias of those who teach in the field is a virtual mono-culture of critical theory, western hating progressives, where conservative viewpoints are outweighed 20 to 1. IMHO one of the sources of ‘Woke Capital’ which I mentioned above is from our Universities Arts & Humanities faculties, which churn out this self hating, cultural marxist clap trap that is part of the foundations of the woke mindset.

      The phrase ‘Get Woke, Go Broke’ has up until now been something of a truism – but that will change when ALL corporations adopt this mindset, because they will have ALL put themselves as a financial disadvantage by adopting policies that place the most productive elements of our work forces, white hetro males, at a distinct disadvantage to other minorities, who are often less capable, simply for the unproductive measurement of inclusion.

      The theory is that inclusion will make society more productive by lessening imaginary discrimination (which is imho more a result of innate differences between population groups) – the reality is it will introduce proverbial cultural and social grit, that lowers the overall productivity of our companies and society in general, making it less capable meeting the needs of its residents all for some unobtainable fantasy goal of equality of outcome.

    • Unilever canning advertisements too.
      Perhaps silent citizens will continue elect right wing leaders as is slowly happening now? The bigger the Ying the bigger the Yang? I’m searching for examples of capitalist democratic societies have turned down liberty for tribalism. Are we going to be the first? Who knows where this goes now…

      • Stewie GriffinMEMBER

        I personally think now that it has started it will be impossible to stop – any suggestion that any minority should start to de-emphasis their otherness and celebrate their assimilation into the existing society and their majority, will be met with cries of rac!sm and oppression throw the power dynamics of the majority i.e. ‘whiteness’ from yesterday’s links.

        Eventually the majority on the other hand will also become increasingly polarised as the nuances in differing political beliefs collapse into raw tribalism – eventually they will elect someone who promises to restore order and like the Star War’s cliche, liberty will die to thundering applause. The inevitable reason being, the suspended disbelief that things like culture do matter, and diversity can also be described as chaos.

    • While there are elements of wokesterism, i think this is more a power grab using racism as a stalking horse.
      The long game is social media will not publish stories detrimental to their commercial interests, or any stories criticising said corporations. They have a lot less power with new media to control the flow of information and they want something done about it.

      • Stewie GriffinMEMBER

        For sure rac!sm or more to the point, accusations of rac!sm is being used to manipulate our society. Take the Atlantic article:

        There are few things that white Americans fear more than being exposed as racist, especially when their white peers can’t afford to come to their defense. To be outed as a racist is to be convicted of America’s highest moral crime.

        There is NO institutional power remaining with white people, when all a person of colour has to do is make accusations of rac!sm or imply that they are being treated unfairly.

        https://www.theatlantic.com/business/archive/2020/06/three-degrees-racism-america/613333/

        There was so much more wrong with that article that I could write an essay on it.

        But it is dead right on just how powerful and costly a weapon it has become. Just look at the absolute terror in this women’s reaction to some black dued she flipped the bird to while she was driving and he tried to film her number plate – the guy might have been a fcuk head or rude driver, well deserving of having the bird flipped at him, or she might be a b!tch was simply projecting her own bad driving. The threat of any accusation of rac!sm today can completely destroy peoples lives. Rac!sm has been weaponised.

        https://twitter.com/MechaSilvio/status/1275328624317485062

        • BigDuke6MEMBER

          SG
          You know the score. I’d say you are the only person on this website I bother reading.
          But you worry too much. I was once like you.
          You have to realise the people in charge are smart. Their herd was thinned out centuries ago so their IQ’s are higher and so you have to just run with it. Their stronghold in the ME will be protected and the only demographic who challenged them ever will be diluted. The UK is well ahead of us and guess what? It is their new arrivals who defend the borders. You cant be called racist when your home secretary, one Priti Patel shouts down the woke brigade. Its a crass situation and this is the last I’ll say but this is the plan and cleverer people than you are I have bankrolled it

          • Same. Not many worth reading in the comments but SG is one of the few worth stopping scrolling for.

          • Stewie GriffinMEMBER

            Thanks guys – glad someone likes or reads my comments.

            Duke it isn’t worry in my voice but despair, I’m so black pilled about the future it is almost funny. I feel like Cassandra seeing the future which is so clear in regards to the impact these policies will have on our culture, which is the foundation of our civilization – I can see the future burning but all I seem to get is denial and hatred for making people uncomfortable by pointing out the inferno were heading full speed towards.

            I don’t doubt that there are indeed very wealthy people far smarter than ourselves working to do us and our society harm, but the thing that makes it believable for me isn’t that they are doing it as a part of a cabal or grand conspiracy – they are simply seeking to project THEIR cultural values forward into the future, and the reality is, some cultures and their values are more toxic to other societies than people assume.

            Check out this article from Matt Taibbi, he just published it over the weekend and it mirrors so much of what I’ve already said this weekend that if I were paranoid I’d think he was spying on me:

            This dingbat racialist cult, which has no art, music, literature, and certainly no comedy, is the vision of “progress” institutional America has chosen to endorse in the Trump era. Why? Maybe because it fits. It won’t hurt the business model of the news media, which for decades now has been monetizing division and has known how to profit from moral panics and witch hunts since before Fleet street discovered the Mod/Rocker wars.

            https://taibbi.substack.com/p/on-white-fragility

    • Jokes on them. I don’t drink Coke or Soda. If we don’t like these companies and their wokeism the language they understand is money. So don’t give them any.

      I agree with JL a lot of these companies want to dictate the message on social media and often the comments section is viewed as negative because you can put an honest message out there. Not just the message they want to convey.

      Let’s n honest nobody needs to drink Coke. It has 0 nutritional value. Look at places like Mexico where lots of disadvantaged kids are obese because big corporates come in and manipulate messaging around what is healthy to consume. Often a coke is cheaper then water and these people drink it and have teeth falling out and kids are way too fat.

      But the companies make lots of money this way. If they really cared about equality and racism they would practice what they preach.

      • Yep coke and unilever peddle a lot of unhealthy crap to poor brown folks in the 3rd world, id also like to know how much of there supply chain is fed by factories that keep there workers in slave like conditions, they just want to control the narrative with a bit of PR thrown in.

      • Stewie GriffinMEMBER

        I honestly can’t understand how people can drink it regularly it is just so sugary – about the only time I ever drink it is when I’m travelling and forced to stop at McDonalds for lunch. Outside of a Bourbon mixer I’d probably drink maybe 4 or 5 a year max.

        • I agree it’s sickly sweet. But if you drink it often you’ll probably get used to it and not notice it. It’s like if you don’t have sugar for a week or 2 then have something sweet with sugar it can make you feel sick.

          I actually haven’t eaten McDonalds since 2004 after I saw the documentary Super Size Me. I will go hungry rather then eat it. I think it’s that bad for your body.

          Kentucky has a similar problem with Mountain Dew and dentists there see lots of cases of Mountain Dew mouth (you can look it up) people have rotten teeth.

          Mountain Dew has much more sugar than even Coke!

    • ErmingtonPlumbingMEMBER

      “God help us when the current wave of cultural marxist fascists attending our Universities”

      Now come on Stewie! They can’t be Cutural Marxists AND Fascists!

      I agree with Noam Chomsky when he blames those bloody 1970s French intellectual cnvts for all these postmodernist hysterics.

      https://youtu.be/dVe_ComujRg

      • Stewie GriffinMEMBER

        lol – I was on a roll with my pejoratives, but honestly imho those sorts have taken on the mantle of the stereotypical intolerant fascist type cast…. as the miss-attributed Churchill quote about the next lot of fascists calling themselves anti-fascists.

        Chomsky is such a clear thinker, you’ve got a great index of his soundbites – that was another good one. His observation of their use of complex language as deliberate barrier to understanding is so true. I’m fully in agreement with Chomsky, Foucault and the post-modernists have a lot to answer for with their culture of critique. I don’t agree with all of Chomsky, but I agree with his view that Post-modernism is ultimately a bleak, brutal, nihilistic lens through which to view the world.

    • Ronin8317MEMBER

      For the record : Bubba Wallace never saw the noose. Someone on his team told him there was a noose, and started the whole debacle.

      https://www.espn.com.au/racing/nascar/story/_/id/29345568/nascar-says-noose-found-bubba-wallace-garage-talladega

      The ‘Boycott Facebook’ movement is not driven by ‘Woke’. It’s about advertiser trying to save money, to get more control over how and where their ads are shown, and to discover if advertising on Facebook actually works.

  10. 1.
    Which make Interested Party’s post/video link at 9.16am above seem even more appropriate ( if that’s the acceptable word!)

  11. The Traveling Wilbur

    So… > 10,000,000 cases and now > 500,000 dead.

    Just the flu?
    If so, how many is sufficient to qualify for ‘not flu’ status – 1m?, 2m?
    Or is there some age threshold above which deaths should not be counted that I wasn’t previously aware of?

    • Ronin8317MEMBER

      60k new cases in the US today, 40k in Brazil. Both country are heading toward 80% infection rate, at 5% mortality rate, that will be 13 million and 8 million death respectively. So let’s hope a vaccine is discovered really soon..

      Victoria has 49 cases today, 45 of which are infected via unknown sources. Unless they lock down the suburbs, it will continue to spread. I have no idea what the NSW Premier is thinking by maintaining open border with Victoria: maybe she is not thinking at all.

  12. Not sure if I reported this yesterday but my wife saw For Lease sign in Rockdale advertising 6 months free rent for commercial street front in the middle of the area – Princess Highway.

    • Saw an article a couple of days ago( can’t remember where) saying only18% of commercial leaseholders are paying their rent in London presently.
      Don’t know what the figures are here.
      And of those paying, how many are paying the full amount in the lease.
      And for lease signs everywhere locally(3185).

  13. SnappedUpSavvyMEMBER

    Sidecar
    25ml Cognac
    25ml Cointreau
    25ml Lime juice

    Shake and thank me later

    • I’m not saying what she said is untrue, but this lady needs to be read with her agenda in mind. She has been on a bit of a crusade to keep everything closed as much as possible, especially in regard to schools. Thus, she posts everything that shows covid at its worst, but doesn’t post things that are more promising. She has been called out on it before and doesn’t respond. Lots of the covid research is untested and can be taken with a huge grain of salt. The problem with this disease is that it only came into the world this year and we really still know very little about it.

  14. TailorTrashMEMBER

    “Our untidy bush “ ……definitely needs development ….
    Cut that useless gumtree down and replace it with a nice
    fibre cement clad apartment block …..we can then sell it as an export …..that will make us a tidy amount too….

    straya mate ….not sure we appreciate art as much any more …but we know what we like …….

    • GunnamattaMEMBER

      I kid you not, down here there is talk of replanting the burbs with non eucalyptus trees because eucalypts shed branches!

      • TailorTrashMEMBER

        What will they plant ?…not oaks .elms or yews …far too colonial …can’t have that …..
        How about …….
        Cathaya (Cathaya argyrophylla) is found on steep mountain slopes in southern China. It has needle-like leaves that grow to 2.5-5 cm long. Evergreen under China’s first-class protection, it’s dubbed as the “plant panda” by Chinese botanists.

        That’ll fix thing …..

      • Blame lawyers. Then again, eucalypts are incendiary. More a problem in regional setting but blame ascribed to climate, not arson.

        Eucalypts in Cal and Chile, Peru stir the heartbeat. Always recall a journey heading north Western Australia, following months in Europe, I could breathe and it was beautiful.

      • I didn’t want to but had to remove a lemon scented gum from my backyard that was there from previous owners. It was only about 5m but having read how big they grow and the branch dropping. definitely not the right spot. They are great in parks though.

        • Jevons ghostMEMBER

          Well done. The last one that I had to remove was 15 metres high and a damn menace. Not one to plant in the ‘burbs. In fact, any eucalypt/corymbia/angophora species is best not planted in suburbia.

    • Jevons ghostMEMBER

      I thought that you were referring to Golden State Mining for a moment. One for the punters here.

    • Arthur Schopenhauer

      One day, a super competent junior officer will become president of the US. Let’s call him Captain Napoleon Boneparte.