Weekend Summer Links 2-3 January 2021

 

Macro & Markets

 

Americas

 

Asia

 

Europe/Middle East

 

Terra Specufestor

 

…and furthermore…

 

 

Latest posts by Chris Becker (see all)

Comments

    • Damn you and your crab boils, ever since seeing your picture I’ve had mad hankerings for ye old boiled seafood. Had some quality stuff but the whole convenience of that home delivered stuff you get just eats at me and ruins my enjoyment of the stuff I prepare myself. Damn you!!!!!

  1. RobotSenseiMEMBER

    There’s no chance I’m holidaying interstate in the next six months until vaccination is widespread (I’ll be first to sign up btw) – the fear of having the state border shut on me or a retrospective 14-day quarantine imposed is scary.

    • MountainGuinMEMBER

      For parents, imagine after a long day telling the kids the holiday must end early and then driving/queueing all night to get home. I’m really surprised that there were not fatalities with tired and stressed drivers rushing back.
      Fingers crossed any Christmas and NYE related breakouts are minor and contained quickly.

        • That was me. I was on the mid north coast, found out at 4pm NYE; I got to Mudgee at 2am New Year’s day, and the border by 6pm, Melbourne by 11pm.
          Exhausted, I wasted several hours Saturday lining up for a Covid test before giving up and going home. First thing Sunday morning I get a curt text message from DHHS saying I need to get tested within 24 hours. Waste more time in que before finally getting tested. Test back NEGATIVE, yet I am supposed to isolate for two fing weeks. If I was a day earlier no quarantine.
          Fk off dictator dan. Just f off.

    • And guess what… vaccination won’t matter because these vaccines’ don’t stop you catching or spreading the virus. They just reduce the symptoms.

      • BarratuesdaiMEMBER

        Wrong- A vaccine provides a actively acquired immunity to a certain disease.
        Are you suggesting that the entire global medical/ pharmaceutical/ veterinary community and millions of other people inquisitive enough to learn what they are talking about, have failed to notice the difference between a vaccine and a treatment?

        • LOLLLOLOLLOLL.. read the following
          https://www.google.com/amp/s/amp.smh.com.au/world/europe/who-warns-vaccinated-travellers-could-still-need-to-be-quarantined-20201229-p56qk3.html

          WHO’s chief scientist Dr Soumya Swaminathan told a virtual press conference that there was no evidence yet that people who had been vaccinated could enter countries such as Australia without the risk of spreading the disease.

          Asked by The Sydney Morning Herald and The Age what this would mean for Australia’s quarantine program, Swaminathan said “I don’t believe we have the evidence on any of the vaccines to be confident that it’s going to prevent people from actually getting the infection and therefore being able to pass it on”.

          • BarratuesdaiMEMBER

            If that were the case these injections would have failed as effective vaccines, which is actually probable given time.
            I wouldn’t bother putting too much credence in any WHO statements, it’s a political organisation, rather than scientific.

  2. Been driving a bit lately. The interstate traffic of everyone moving to Queensland has become very noticeable. Highways becoming bumper’to’bumper. Everyone trying to get away from Covid and lockdowns, I suspect.

    I ended up behind what appeared to be a Victorian. He drove this fragile, low to the ground, european porsche thing. He had all the stylish tinted windows, fancy custom number plate ” 2CoolForYou ” and all this BS. He had his sunnys on while dancing in the front seat of his car to some kind of european music. Me and my mate just looked at each other and laughed at this guy. We overtook and went around him because he seemed more focused on dancing then driving his car lol. My mate just blew him a kiss out the side passenger window *mwuah* . I dont know if that makes us Queenslanders racist or not but I dont think he liked us.

    I wouldnt be surprised if many interstate travellers move back again at some point. There’s not as many capuccino’s in Queensland. We seem to prefer Beer. I just dont think Queenslanders are cool enough. We dont make love to ourselves in our cars. You see some pretty dumb stuff sometimes. I’ve seen dogs trying to hump each other and birds swooping down to steal a steak. Of all the things I’ve seen in the bush, I reckon there’s nothing more stupider then a human ha ha.

    When you tell people to get out of the water because ” there is a shark “… and they seem more interested in grabbing a quick selfie then protecting there own life, you got to wonder how stupid some people really are.

    Its a funny world we live in. Anyway, Happy New Year.

    • desmodromicMEMBER

      The strangest thing for a traveller in Queensland is that you can’t get a meal after 8pm. After a long day on the road you have to rush to the pub or restaurant, or miss out.. To most of us southerners Queensland is a great place to visit but is a foreign country.

    • I'll have anotherMEMBER

      Instead of showing off with cars or whatever, Qlders like to show off by proving just how blokey and ignorant they are, case in point. 5 paragraph rant about some guy in a car.

      Southerners might be a lot of things, bit they are not this judgemental by a long shot.

      • happy valleyMEMBER

        Yep, because all I do every day that I work is work to pay tax to support the lifestyle of some zero taxpaying excess franking credit “refund” leaner in pension phase in super. That policy-evil John Howard is responsible for so much that is wrong with Straya but Strayans being the totally apathetic lot we are have forgotten, or don’t understand, his “legacies” and their cost.

          • happy valleyMEMBER

            Unfortunately, in this instance is not bliss. If the great unwashed understood how much the LNP was taking out of their pockets to subsidise this “gift” to “leaners”, they may get the serious sh.ts with it.

        • bolstroodMEMBER

          given a choice between supporting nontaxpaying retirees or unemployed folk , guess who Social services minister Roberts supports
          “The vast majority of Australians understand that money paid to them in terms of welfare support comes from their neighbours, it comes from the lady across the street, they come from the taxes paid by hard-working Australians.”

          • happy valleyMEMBER

            Robodebt Robert doesn’t even understand that the most grotesque form of welfare in this country is the “refund” of excess franking credits to zero rate taxpayers. In fact, it is not welfare, it is outright robbery.

      • I'll have anotherMEMBER

        Yep. No one should be giving subsidies to a retiree with over a $1mil in investments.

        How greedy and silly.

        Made a similar point on the Australian newspaper once and didn’t I get piled on by boomers trying to tell me their $650k isn’t that much and needs my tax subsidies.

    • The franking credit refunds are just a symptom. The real problem is that the government decided to collect tax on superannuation at the accumulation phase rather than taxing withdrawals as normal income in the pension phase, unlike most OECD countries

      https://www.oecd.org/daf/fin/private-pensions/Tax-treatment-of-retirement-savings-Policy-Brief-1.pdf

      Labor wasn’t prepared to fix the real problem and then handled their proposed franking credits refund policy very stupidly. Most of the refunds in dollar terms could be fairly considered rorts to benefit the rich or the comfortable, but there are a lot of relatively low income people who have a few shares. Labor could have simply put a cap on refunds, but it was initially going to apply its policy across the board, even including people on the pension. It changed this under pressure, but it was not a good look and there was still no cap. If you want to be hated, just try taking $500 off someone on a low income.

      • Correct me if I’m wrong but it’s simply a tax refund on company tax paid. It avoids double taxation. If you pay tax you get it as a deduction. If you don’t pay tax the company tax you paid as a shareholder is returned to you.

        • You are correct. The idea was to avoid double taxation, taxing profits once at the company level and again in the hands of the shareholders, so you could use your franking credit to offset other tax liabilities. The problem is the way that this interacts with the superannuation system. Australia doesn’t tax withdrawals from superannuation in the pension phase, so that income is tax free. That is why you can get a franking credit refund in cash rather than as a tax credit, even if you are on a very high income, and not just if you are too poor to be liable for much tax.

          • Thanks for the reply Tania. So it’s more about it not being a good look if you’re well off and in pension mode. I’m sure there are worse things happening out there.

          • Not quite. Withdrawals are treated as “tax paid” due to prior payment of contributions tax. Not tax free. Keating produced this issue by bringing forward tax revenue on pension withdrawals to tax contributions instead. And introduced franking credits to avoid double taxation on company profits … but capped the value of those credits to low rate pensioners so that their tax payment could not be negative. To be fair Keating had Reasonable Benefit Limits which limited size of the tax shelter … but those appear to have been warped out of shape over time. Anyway pensioners argued discrimination re cap on franking credit value … and that their low rate reflected that they had paid their taxes in advance. Frankly to fix this up requires ring fencing rules for the currently entitled and grandfathering them. And everyone else gets something much less generous. And over time the entitled die off and the Gen X,Y,Z who toil to pay for it all will get something less and not know they have been dudded while they struggle to get or keep jobs at all. And as a Gen Xer being dudded by the Boomers is the usual position. You get used to it eventually.

    • Pauly 📡MEMBER

      Just do what the liberals do, say they won’t do something then do it. Or do it but do it slowly, death by a thousand cuts.

    • Arthur Schopenhauer

      A friend in LA told me yesterday, someone is dying of Covid every ten minutes in the county, and there is no chance of any response from 911 at the moment due to the number of calls.

        • Arthur Schopenhauer

          What is wrong with you? Are you so vapidly self centered you cannot see a tragedy for what it is?

          • The Penske FileMEMBER

            I see the tragedy with the numbers of dead as well as the loss of personal liberty and separation of the elites and the masses. Another lockdown will do what? We have to live with this and acknowledge that COVID is a brilliant beast that spreads fast and only kills 1% of its hosts who are the old and frail. Also, I still don’t know anyone who has had it however have been touched by two suicides during this mess. I’m really just looking at the numbers…

          • boomengineeringMEMBER

            Just a boomers remover.
            I’m with you. Get rid the half dead ones. Then the gov’t may be able to redeem their broken promise of unmeans tested pensions.
            Young people today shouldn’t have to pay for the oldies pensions because the oldies already paid for it but the govt squandered their contributions on other unrelated egocentric projects.

          • MountainGuinMEMBER

            Dude, not cool calling it a boomer remover. Devalues a lot of top people and younger people die and get what appears to be long term impacts too.
            More importantly the impact on the young is yet to show. Males had the highest suicide rate in aust in the 1930s. These were hard economic times and we are facing such times, esp for the young and middle aged again. AIHW tracks suicide but the last publication predates the fires and Covid. So I think there is alot more deaths that are sadly ‘semi locked in’ if that makes sense. Make sure we all chat to any friends and family doing it tough.
            https://www.aihw.gov.au/reports/australias-health/suicide-and-intentional-self-harm

          • Also, I still don’t know anyone who has had it however have been touched by two suicides during this mess. I’m really just looking at the numbers…

            Aren’t suicides down in 2020 over previous years ?

          • For all the let the dead wood die and let freedom and liberty flourish wing nuts … you dimrats have no medical back ground or anything else to quantify the question of long covid issues and down the road morbidity or morte dramas.

            Guess what chums … this universe was not put here for – you – or whatever it is you think is – your – right to do at any given time. Be a man and suck it up ….

      • GunnamattaMEMBER

        I’ve just got off the blower (or skype actually) with someone in Dublin, Ireland, and been told precisely that. That their health medical system is faltering.

        • There is no ‘managing’ COVID. You either eliminate or it overwhelms you. No in between. Even Japan and South Korea are finding this out right now.

          • GunnamattaMEMBER

            As I have been saying for a while, we may get to April May this year and Dan Andrews will look a lot like a cross between Nelson Mandela and JC given what he did in Victoria. Though I also think if Gladys loses things from here there are likely to be some lasting recriminations.

    • A friend is a nurse in America. He contracted covid 19. When he told the hospital he worked at they asked him to come in regardless. He said no. Still, that they asked shows what a mess it is over there at the moment.

  3. GunnamattaMEMBER

    from a reply I put together yesterday….

    5 eyes has its origins in the old UKUSA which dates from the Newfoundland agreement between the UK and US at the start of WW2 (though both the Poms and the US had marked it out as the likely way of things in the aftermath of WW1).

    I dont think it will be expanded at all – not the central core of 5 eyes – to include anything other than English speaking (and English law) peoples. That said it may have close-ish relations with the others you mention.

    The real issue is the decline of that english speaking world in both an economic and military capacity sense, and from there in a cultural and institutional capacity sense.

    I think the apogee of US and ‘Western’ economic power is past its apogee. Personally I tend to the view that this has happened because of the undermining of the institutions (‘democracy'[whatever that means] and the legal and public accountability and social support measures) in the ‘West’ (but particularly in the English speaking world where the advent of Thatcher and Reagan can easily be seen historically as the point where the whole ethos of ‘public good’ has been dismantled in favour of a style of capitalism which has evolved into financial capitalism (initially – the ‘big bang’ and similar reforms of the late 80s and 90s) and then subsequently into ‘Monopoly Capitalism’ (as the continuation of the financial profits as a driver of economic policy has favoured the 1% as the more certain genesis of profit, and likely delivering a superior rate of return to those seeking the profit than any form of public outlay, accountability, social good set of economic policies).

    As I see it (admittedly with a hangover) the gap between the lived experience of the ‘developed’ world and the lived experience of punters in other parts of the world – notably those of inter alia China and Russia where a different ‘ideology’ and set of social expectations regarding the role of government and the accountability of public expenditures – will diminish. I also think it will diminish very rapidly if no economic driver can be found for those nations of the ‘West’ or developed world.

    The vectors driving this diminishing lived experience will include labour costs (I was talking with a man in London a few days ago who noted he is getting ‘top notch’ analysis done by CFAs in the Philippines for $8 USD per hour [the implications of something like this for a country like Australia are profound]) where everywhere the expense of the people (and again Australia is a standout) counts against them being competitive in any market apart from a closed market involving only them (or like). That labour costs reflects the effect of the Monopoly capitalism/financial capitalism we have come through (and which we are experiencing the boundaries of). Another vector to look at is land costs and energy costs (again Australia at the forefront), where the same Monopoly Capitalism/financialism (and the monetarism it has driven at a Central Banking level) has inflated asset prices and added to any ‘competitiveness’ disadvantage the inhabitants of the Western world (and particularly the English speaking) world now has.

    So with the rapidly expanding (or booming) ‘markets’ of the world increasingly set to be the currently ‘developing’ or ‘near developed’ peoples/nations of the world the question for capital (the 1%) is one of ‘Do we want access to those growing markets to fuel profit growth?’ (to which the answer is a definite ‘yes’) and will those likely profits to be gained from access to ‘developing’ or ‘near developed’ markets be superior (and with greater certainty) to ‘investing’ in their own societies to do things better, to invent new things to do, and generally to create ‘profit drivers’. My assumption is that capital will view the access to expanding markets as the more attractive option.

    Many of the newly developing markets (China notably, but also Russia, as well as places like India, and with South America and Africa showing sympathy for the sentiment) have created their economies to be less reliant on having large multinationals come in and swamp the local markets, and/or creating their own mega players (often backed one way or another by the state). So these will be likely to continue driving a high price for the big capital/multinational (1% representing) entities getting access to their markets, recognising that if the 1% can treat their own populations that way then the 1% wouldnt hesitate to utterly shaft societies in the developing world (with plenty of examples of the 1% doing just that already easily identifiable). The only coin the 1% has on getting that access is to throw the societies of the developed world on the table.

    That access for the developing world, to the developed world, is attractive because – recognising that much of the wealth accumulation process in the developing world is profoundly corrupt – gives the elites of that developing world opportunity to avoid the moral/ethical dimensions of their wealth accrual process, and often a legal fig leaf in terms of retaining it should the winds of power change in the locations where they generate their wealth. It will also give them the ability to ‘demonstrate’ to their own peoples – and they sometimes have a doubtful grasp on the loyalties of large sections of their populations – that they are ‘accepted’ by the developed world.

    With the institutions of the developed world already diminished (if not enfeebled) by a generations worth of NeoLiberalism, then next step becomes one of the institutions of the ‘developed’ world (most notably already in the US and UK looking the other way on the uber rich from elsewhere in their midst) becoming ever more sensitive to the economic balance of power and the imperatives of the developing world. That in turn will see the institutions (in a sort of self reinforcing loop) deliver diminished outcomes for their own people, while at the same time the ‘growth’ delivered by the 1% for their own peoples will be increasingly tenuous, largely of the ‘bullshit jobs’ variety, and capable of being ended within an instant (Covid is a good example – see Melbourne retailing) which will mitigate against large scale fixed investment of any sort except that put in play by governments (largely as a sop to their own people).

    Against that sort of backdrop the appeal of the 5 eyes world (and the world from which it arose) is potentially going to be diminishing. My take on the ‘Belt and Rail’ mindset of the Chinese is that it marks the return of an earlier age of global power, from the last 400 or so years of ‘whoever controls the sea lanes upon which trade depends are the most important peoples and economies on the planet’ to the earlier one of ‘whoever controls the [biggest part, most peoples of] Eurasian landmass’ is the most powerful nations/peoples of the planet. If we see the sort of consolidation of power between [for lack of a better word] ‘Non-Democratic’ (or Authoritarian) governments on the Eurasian landmass – and one could look to a like minded mindset in parts of Africa – then that could plausibly be a better, more vigorously growing, more dynamic, and more militaristic bloc shunting the institutions and expectations of the ‘democratic’ (as we currently presume) world to the periphery of Eurasia and Europe (and maybe Africa) while debt burdened peons in that world are subject to ever more heavy control by their states (in the face of the strategic competitor being likely to exploit ‘freedom’ in those nations as a means to undermine the grip on power of the 1%, and against considerably diminished sentiment in those nations of the advantages ‘democracy’ brings). I reckon we are already seeing parts of that.

    My gloomy thoughts for the morning. I may start drinking again…..

      • boomengineeringMEMBER

        Still think it’s possible that it becomes 8 and a chance of 9 eyes maybe won’t get to 14 but possible. Although the newer second tier countries inclusions depend on who you talk to. The only common candidates being Japan and South Korea

        • boomengineeringMEMBER

          Don’t forget France has been an applicant since 2009.
          Sorry for the break up as on the p throne and doing it f from memory. On the phone not throne d damm auto spell.

          • boomengineeringMEMBER

            Nah, but may be him hacking my thro????nnneee, eek whats that face looking up from the bowl. Ermo’s overpowered jet blaster just delivered a backflush from a relations party.

          • One of the Jane’s Addiction band members used to have some great toilet book reviews, sadly crapification of knowledge due to internet algo preferences editing has created a tax on my time and liquidity preferences which discourage me, let alone make impossible its retrieval to share at this auspicious moment.

            In lieu I offer – Jane’s Addiction – Jane Says …. https://www.youtube.com/watch?v=xh-5FI21s6M

            I’m going to kick tomorrow …. chortle ….

            Mountain song is cool too ….

      • Control of Eurasia was all the range a century ago and called “heartland theory”. The rise of the USA debunked it but their demise means it’s mentioned again

        • You fit in here and thats good for you. I hope you are here forever with all your chums.
          Dom tried to teach your type but its pointless because you know it all already despite having a net worth of zip.
          I cant remember saying anything about my secretaries… maybe a tiddly when i posted…probably… but you remember…. you are obsessive as well as addictive eh?
          uppers lol ie meth! It all fits now.

          • BigDuke6, I concur with Stewie, keep hanging around. You don’t need membership to be able to comment.
            Alternative/outside the box opinions are greatly valued by some of us here.
            So please do drop in every now and then.

        • Stewie GriffinMEMBER

          There is a whole load of comment this weekend – Members and Non Members – which is all about ‘I am’ and ‘I do’ and ‘You are’ and ‘You do’ which then descends into ‘You are’ (either stated or implied) – Most of it is pretty lacklustre. Large slabs of it have just been binned. If you need to post such rubbish stop and think about why. If you want to sit around slagging people off all day long without making some sort of point beyond someone else being a diminished person in comparison with (eg. you) do so somewhere else.

          For all your spam management queries [email protected] is the way to go

    • boomengineeringMEMBER

      Thanks for bringing it to attention again. It’s worth as many people being aware. Also Gough,”s 1975 Lima Agreement which was meant to destroy 30 percent of our manufacturing but continues to this day surpassing 90 percent destruction. A kind jesture but in my minds analogy , you come across a cripple in Africa so you cut off your own leg as to help him compete for game.

        • boomengineeringMEMBER

          Unlike the adult son never played a game in my life. As a matter of fact didn’t even play pinball machines before Pong and Pac-man arrived on the scene either. A quick dabble in all above and that was it

    • migtronixMEMBER

      The problem with consolidating the World Island is *exactly* that Russia and China cannot align. China is either at or very close to the military independence re: hardware that Russia has, which was the only thing it kept from the USSR – the reason is precisely because of the corruption and oligarchy of Putin’s Russia, it gave China the opportunity and they caught up.

      Russia, therefore, now has a two front arms race – something China has long been accustomed to. The Thucydides trap isn’t China/US…….

      • Yeah the China/Russia competing strategic imperatives is going to be very interesting to watch over the next couple of decades. I’m sure Russia is doing everything it can to keep China’s attention engaged elsewhere on it’s borders. There sure is some nice, productive real estate just north of that flimsy border with not many people in it.

      • “the reason is precisely because of the corruption and oligarchy of Putin’s Russia”

        Eh – ????????????

        Putin kicked out the Chicago school corruption and oligarch clown car posse post the fog of war antics from the corporatist [globalist] agenda. Yeah he left most of the newly minted free market monopolists to carry on as long as they understood who Mother was, remember the one that bailed to the U.K. like he was a refugee and a possible freedom and democracy advocate in exile.

          • No its not and compared to Atlantic nations back of the line in that paradigm. Free markets in the MPS/Lippmann notion was always about a two tiered society, hence the Mises leg humping of the robber baron period and wanderings around lakes at night.

            PS … who said fighting FIRE with FIRE was not a reasonable geopolitical option when on considers the past.

      • GunnamattaMEMBER

        Cheers for the link dude. I buy plenty of what he is saying. I havent read his books.

        Even there I would note that Australia is positioning itself worse than just about anyone – both at a geopolitical level and a demographic level. His comments about China I tend to buy. I do think they will see themselves hemmed in by the ‘Island chain’ and I dont think they will be (or try to be) the naval power the US and UK have been, and see Belt and Road as a means around this. But beyond all that they simply have an issue with their demographics (which arent good) and have the definitive case of ‘middle income trap’ as defined by Marx, Keynes et al – they simply cant pull all of their people out of near poverty without beggaring their neighbours, so the nexus of their geopolitics and their economic plans is never going to be as ‘win-win’ as the Americans tried to sell theirs.

    • Gunna I’m interested in how you see climate change playing into this scenario. I don’t think it can be ignored as a destabilising factor for both ‘developed’ and ‘developing’ segments of the world. Wrt China I feel that a major impediment to it’s continued ‘the past IS a guide to future performance’ gains is that so far the party and the major commercial interests (SOEs, banks and various state players) are reluctant to redistribute wealth in any meaningful way to the household sector (and the urban upper middle class doesn’t cut it as being enough of the household sector) despite them having been fully aware of the overwhelming need to do so for decades. The impulse to control, centralise and micromanage in modern China is an overwhelming imperative in the retention of power and technological advances are only strengthening it. While the people are very comfortable with this dynamic, when your system lacks automatic stabilisers it will eventually become problematic.

      My gut feel is that inequality worldwide will increase, and China increasing it’s power and influence in other parts of the world may help in a reduction of absolute poverty (which probably would have occurred anyway given the predominate trends globally, and I think the internet is the biggest enabler of this, hence why China’s controlling authoritarian impulses have horrific 2nd and 3rd order consequences) but I don’t see them assisting in a true rise of a broad middle class in these regions based on the way in which ‘China’ operates. The hollowing out of the western middle class actually becomes an enabler of inequality worldwide. Anyway I should probably start drinking and find some optimism in a bottle of something

      • GunnamattaMEMBER

        First up, for Boom. My personal take (and I am by no means any expert in this just an ex journo and IR man – who has spent much of his life living offshore) is this.

        Five eyes may have an interest in enlarging its pool of resources, but the experience of the Americans over the course of the cold war was that the more international players the more likely it was that any serious intelligence gathering would be compromised. But I think the key factor is the legal framework – The UK, Canada, NZ and Australia have a legal system which has the same trace back to English civil law. Some people bang on about the Magna Carta and the like, but I think it goes back even further to the rights within Viking and Saxon and some Gaelic communities which ultimately coalesced into English legal tradition. The Americans too have a legal system which can be plugged right into that (or indeed the British system can be plugged into the US system). I’d be inclined to agree the French and Germans etc may at various times want closer contact with 5 eyes and would probably get it in one form or another, but I don’t think that will be with the old UKUSA/Five Eyes.

        On the Lima Declaration, I don’t think it counts for that much actually – although I note some of the One Nation RWNJ end of town think it does. I think a far far bigger effect has been NeoLiberalism, Monetarism, and a generation long focus on completely discredited ideas – like ‘Efficient Markets Hypothesis’ ‘Shareholder Value’ ‘Trickle Down’ ‘Deregulation’ and ‘Outsourcing’ coupled with ‘Lower Taxes’ being sold as a Mantra by both sides of mainstream politics, and then into ‘Free Trade’ where much of the world is fairly openly Mercantilist – it has for the most part only been the ideologues in the Five Eyes end of the world who have bought the ‘Free Trade’ dogma to the extent that they have, and it has been them who have needed to paper over the limitations of their Free Trade ideology for their own people with the financialisation of everything. I think all of that is a far bigger factor for Australia than the Lima Declaration, and would also note that Australia lost a large chunk of its manufacturing in the wake of Whitlam’s unilateral tariff cuts of 1974, and that Australia continued (and is continuing) to deskill and demanufacture and denude itself of any possible ‘competitive’ position with the rest of the world for long after the Lima Declaration. I would argue it did a cracking job of making deregulation work right up until the advent of the Howard government, and that ever since then it has all been about financialisation, and serving vested interests.

        I do buy Migs observation that Russia and China may easily have competing interests, particularly over the longer term. I would note that there are plenty in Russia (and particularly in the parts of Russia East of Novosibirsk) who do already view china with suspicion. I would also note the way China has screwed Russia to the floor for gas exported to China, and that Chine essentially sees Russia as nothing more than a quarry and a farm (albeit one which has a history of producing useful weaponry). But in the next say up to ten years (at least) I wouldn’t see that manifesting. In Russia Putin wants enough happening to maintain the illusion of some sort of growth, China finds it convenient to have an authoritarian partner with military clout. Russian can supply a lot of what China wants, and it is likely that global warming will make a larger part of Russia potentially arable within the short to medium term.

        While I don’t doubt Russia China tensions (and reverse engineering Russian fighter jets and tanks does lead to some exasperation in Moscow I agree) will likely continue, I think it only as Russia feels it is getting too close (and is being treated like a subordinate part of China) that there may be some push back.

        I actually see global warming as a very big factor in this. In the ‘space’ shared between Russia and China (Kazakhstan, Turkmenistan, Tajikstan, Kyrgyzstan and Uzbekistan in particular) warming is likely to lead top increased desertification (it is already happening anywhere east of the Dnepr River in Eastern Ukraine actually). I think that will destabilise those societies and lead to increased tensions between China and Russia, and that this will be connected with the East Turkestan/Xinjiang social tensions. It may drive widespread migration towards Russia and better watered and more arable lands to the North (whereas I don’t think these peoples would want to move East to Xinjiang all that much). Over the longer term I would look to China and Russia doing a deal over water access (and maybe the sort of geoengineering Soviet types planned back in the 50s of turning around whole rivers to flow South) or more ominously territorial barneys over arable land in the Russian Far East and Central Asia (though borders between China and Russia are treaty agreed at the moment).

        At a global level I think global warming will drive immense consequences (and probably already is). I see it destabilising societies in Africa and the Middle East and leading to emigration pressures. This in turn would have the consequence of becoming a ready made underclass to prevent labour costs getting out of hand in the developed world (and lead to continued tensions there). I also think it will become the ultimate raison d’etre for very large government spending – ostensibly to mitigate the effects of rising sea levels and climate change and generate water etc, but more broadly just to maintain stimulus in economies that are floating face down in the pool.

        On global inequality that will be a significant driver, but it will also play back into the geopolitics insofar as the Chinese imperative will always be to prioritising its own poor first (remembering that nearly a billion people remain in play in China on less than about US$500 per month) at the expense of other nations do much about their poor.

        Now I need to go again sorry….

        • boomengineeringMEMBER

          Always welcome dialogue from a different different lookout viewpoint. Especially when it has a jigsaw of the scenery that fits.

        • Gunna, according to the article posted by you in links 1st Jan, https://asiatimes.com/2020/12/importance-of-tibets-rivers-for-asian-water-security/ China over the last seventy years has constructed 87,000 dams, and another 22,000 mega dams – roughly half the world’s current total, with massive environmental fallout leading to the disappearance of fish and birds in floodplains, huge losses of forest, wetlands and farmland, erosion of coastal deltas, and many other impacts.

          The dams on Tibet’s rivers also provide 90% of the water to China, Vietnam, Cambodia, Laos, Thailand, Myanmar, Bangladesh, India, Nepal, Bhutan and Pakistan, with a total of 2 billion people depending on these rivers for their water. so it’s not hard to see that China’s ongoing construction of dams will make future water resources issues very contentious as outlined in Indian strategist Brahma Chellaney’s book Water: Asia’s New Battleground.

          But China’s is also in trouble with its farmland, which is shrinking. There is now only .09 hectare per capita for food production – one sixth that of the US. With one fifth of its land polluted and fully 40% of its arable land being degraded by industrial effluent, sewage, excessive farm chemicals, or mining runoff, soil toxicity is a major problem that’s creeping into the food supply.

          Additionally, China’s food system is 70% powered by coal – specifically for artificial nitrogen fertiliser, which now amounts to a third of all nitrogen fertilser used world wide. The acidification that occurs from this massive input of nitrogen has already lessened crop production by 30-50% in some areas.

          If one then adds recent scientific opinion predicting a 2 deg warming in only 20 years into this toxic mess, and top it off with resource depletion, (BP & Shell both say oil probably peaked in 2018), one wonders whether China will be able to feed its population very far into the future, or whether the entire region will not soon be in very deep trouble as mother nature shrugs off decades of abuse, misuse and overpopulation.

          • Hey drt
            I’ve been thinking a bit about what you’ve been saying and wondering about replacing fossil fuels in isolated locations.

            There is solar/batteries.

            But what about a slightly simpler solution of an algae bioreactor (https://en.wikipedia.org/wiki/Algae_bioreactor) producing oily algae, or just algae photosynthesis producing fructose and 02. Then ferment the fructose and bob’s your uncle. Liquid fuel!

            Waddaya rekon? I wonder how big a tube you would need to run a tractor and a generator? To run a desal plant or evaporator too!

      • In the final analysis it will come down (as it has throughout history) to who has access to the most resources. Resources include FFs, other commodities, and ‘renewable’ resources like forests, water, soil and climate, most of which are in decline, while population continues to rise. Even to who has enough food.

        China and Central Asia are not looking good here, but neither is Straya at the @rse end of a rapidly warming and drying world with declining or little oil, water and topsoil and an artificially bloated population it can’t hope to feed without 10 calories of FFs for every calorie of food produced. Canada, Russia and maybe Europe (if they can avoid a tsunami of Central Asian, ME and African refugees) are probably best positioned, FF & climate and natural resources-wise. All this likely to unfold much sooner than we think, within 20 years:-

        https://www.themonthly.com.au/issue/2020/july/1593525600/jo-lle-gergis/witnessing-unthinkable?utm_medium=email&utm_campaign=Summer

        And here’s what really makes or breaks the economy – access to cost-efficient energy, namely FFs:

        https://surplusenergyeconomics.wordpress.com/2020/12/08/186-the-objective-economy-part-three/

    • “That in turn will see the institutions (in a sort of self reinforcing loop) deliver diminished outcomes for their own people”

      See the term Inverted Totalitarianism E.g. previously exported tender machinations on undeveloped nation populations is deployed back at home under the guise of best business practices and largely due decreasing leverage in past relationships with undeveloped nations, due to the maturity of global markets and the advent of players that can’t be dictated to anymore or ring fenced – militarily or FX efforts.

      Per your last para I would point out that about a third of the undersea cables on this orb are in the South China sea, its a huge $$$$ node, as well, a key shipping transit area, as such any nation would want to be able to defend it. I mean its not like the 20 point memo and how that worked out with Japan back in the day or anything …

      Hence the silk road makes sense from such a historical back drop, contra some ideological sorts umbrage about how its funded or administrated, heck I mean its not like the efforts in the U.S. to build its road or rail infrastructure during or post WWII was a commie plot against free markets or anything. It allows China and its trading partners to have alternative routes of trade so natural or otherwise forces can’t induce trade shocks and what that portends.

      BTW NC has a couple of good posts and comment threads from YV and Murphy I think you would enjoy.

      Hope your circumstances with family improves, at least is not a war level event, so take solace in that.

  4. Totes BeWokeMEMBER

    Few hilarious comments defending Gillard yesterday. https://www.macrobusiness.com.au/2020/12/summer-links-1-january-2021/

    Abbott didn’t renege on Wilkie’s pokies reform. The “media pile on” didn’t propose a “set top box for the elderly” led recovery. Neither Abbott nor media started a near redundant $60b nbn. Or stood in parliament and humiliated our country. https://youtu.be/fCNuPcf8L00. Gillard would be more suited to a role in HR, than running a country.

    Meanwhile Labor have determined it was franking credits that lost them the election. Despite, 1. The election result map screaming otherwise, and, 2. Omitting issues from their shock-election-loss (lol entirely predictable) review all indicators suggest as core reasons they lost.

    Do Australia a favour and wipe Labor out. Only then can we have an effective opposition to big Australia LNP.

    https://www.smh.com.au/politics/federal/no-more-retiree-tax-anthony-albanese-dumps-franking-credits-policy-20210101-p56r8y.html

    • happy valleyMEMBER

      Labor will likely be wiped out at the next election and the LNP will probably get control of both houses. Then, we will move from the current “benevolent dictatorship we had to have” to the “full-blown LNP dictatorship we have to have”? We are f.cked.

      • Totes BeWokeMEMBER

        If it happened now, LNP dictatorship would lead to anarchy and revolution.

        The status quo of LNP and Labor is the exact formula leading to us slowly being destroyed. Labor looking after the plebs with tokens while their entire futures are traded away is the absolute worst outcome every election.

        If we install Independents instead of Labor, who stop LNP’s immigration we can fix this.

        If Labor aren’t wiped out soon, I agree with you, we’re fked.

          • Totes BeWokeMEMBER

            I can’t support a party that wants to increase humanitarian intake, social housing, and retain the ABC, and neither can most Australians.

            Adopt two policies. 1. Stop immigration. 2. Stop selling (any housing, farms, businesses, infrastructure) Australian assets, and you’ve got an election winning party.

          • That party may win the election Totes, but they’ll be absolutely useless at actually running the country. Governance isn’t simple, you can’t run on bare bones policy, you have to be able to do it all and even some of the simple things require you to let voters know what side of the fence you’re on so they aren’t blindsided by future policy decisions. If you keep thinking governance is as simple as a two policy platform I’m going to keep questioning your intelligence – it is stupid to think it is so basic and easy to fix.

          • Totes BeWokeMEMBER

            I didn’t say it was easy. I’m saying the base case, core policy should be no immigration and no asset sales.

            Then given those parameters develop other policy. That would mean less for the elites, more for the plebs, less welfare, more saving, more resource and export taxes. It is just too easy to run a country while populating and selling, but the outcome is dire.

            You’re showing your colours. You are pro immigration, and are not looking for solutions to a developing disaster. Given that, never question my intelligence ever again.

          • happy valleyMEMBER

            @Totes BeWoke – You couldn’t be more wrong. I am dead against continuing the level of immigration that has been pursued by this country for the last 20 years to, for example, rig GDP growth (in absolute terms, but declining in per capita terms), create wage slavery and entrench and expand part-time employment and youth unemployment, boost housing prices to the moon and allow grotesque money laundering to occur. IMO, the immigration level needs to be severely reduced if not stalled for at least 5 years.

          • Totes BeWokeMEMBER

            @happy valley

            That last comment of mine was a response for @winning’s comment.

            BTW, I’ve seen you defend Labor. If you oppose immigration, it might be best to abandon Labor until they listen. It might go against your instincts, but there is no other way, and is for the greater good.

          • happy valleyMEMBER

            @Totes BeWoke – I voted Labor for the first (and now last) time ever at the last election on the basis of their franking credit policy (as every cent of tax I have paid since Howard introduced the “refund” gift in the early 2000s has effectively gone to supporting the lifestyle of zero rate taxpayers – and I know a few) and a couple other of their policies and as I couldn’t stomach ScoMo and the LNP any longer and can far less so now. Next federal election, I will vote for neither LNP (can’t be trusted) nor Labor (spineless).

          • Totes BeWokeMEMBER

            You’re stuck in a paradigm. Australia wants to move on from big Australia. Me understanding that makes me anything but a fool.

            Do you understand how preferential voting works? Grow up mate.

          • “I voted Labor for the first (and now last) time ever at the last election on the basis of their franking credit policy”

            You are your worst enemy ….

            You have some completely distorted view of reality E.g. Labour was forced to move to the right by the necessity to beg for political donations as forwarded by the free market right agenda. Private media pushed this pogrom for ideological purity and profit in the near term due to expectations of personal wealth and share holder faries trickling down on all the mopes.

            Cripes go move to the U.S. and live the dream rather than wobble on about why the weakest political party did not hold the most vulgar aspects of the LNP in check. Its such a short skirt argument …. ALP did not fight back because of how that would effect donations.

    • Mining BoganMEMBER

      Labor’s economic policies were the only thing they got right. I tried to tell Andrew Giles this a few times but he goes all airy-fairy and doesn’t want to hear.

      Watch Scummo beat Albo about the head with this backflip.

      • Totes BeWokeMEMBER

        The party machine is too powerful, and the machine wants immigration.

        Labor no longer have any interest in what’s good for Australia, and should therefore be seen as an impediment to what’s good for our kids and country’s future.

        They have to be wiped out or we’re fked.

        • happy valleyMEMBER

          They’ll be wiped out most likely and then Scotty The Impaler will go for broke on immigration, rorts etc etc etc. He’ll make John Howard look like a saint. You are right – we are f.cked (totally and for ever).

          • I wonder if SFM will be able to? It’s unlikely Dutton will roll over, and I wonder if the electorate will tolerate it as it seems possible the vaccine will be unable to prevent transmission, and with the new strain (and who knows how many other mutations by then)…. it may be two years before it can resume.

            It may end up being all too much of a hot potato even for Scummo, and the electorate will pillory him if gets out here.

          • happy valleyMEMBER

            @drt15 Scotty The Impaler is the ultimate in wedgers and I doubt that there is anything that he would not resort to, if push came to shove.

    • “Few hilarious comments defending Gillard yesterday.”

      Had Abbot not set out to destroy Gillard’s emissions trading scheme we’d have had 8 years now of emissions reductions and wouldn’t be the FF pariah of the world on a par with Trump

      “The Treasury predicted that there would be modest emission reductions and very mild impacts on gross domestic product, employment and inflation. This proved to be correct.

      “In contrast, Abbott declared that the hit on Australians’ cost of living would be “almost unimaginable”. Carbon pricing would “destroy the steel industry, the cement industry, the aluminium industry”. Whyalla and Port Pirie would be “wiped off the map”.

      https://theconversation.com/obituary-australias-carbon-price-29217

      Even with today’s corruption and SFM, I can’t think of a more willfully destructive and shameful episode in Australian politics.

      Voting in independents will never happen and all we’ll get is a progressively more authoritarian and corrupt LNP

  5. NEW ZEALAND’S HYPERINFLATING HOUSING CIRCUS TO CONTINUE …

    What will NZ house prices do in 2021? Experts make their forecasts … Anne Gibson … New Zealand Herald

    https://www.nzherald.co.nz/business/what-will-nz-house-prices-do-in-2021-experts-make-their-forecasts/I5NOR7O2KMTJ7OJHJ5X5VD5JAA/

    National house prices could rise by as much as 13 to 16 per cent in the next few months.

    Economists at Westpac, ASB, BNZ and Kiwibank say low interest rates and high demand will continue to have an impact in the new year. … read more via hyperlink above …
    .
    .
    … When does the Ardern government intend to ‘walk the talk’ in sorting out land supply and debt financing infrastructure properly, so that affordable sections / lots are ALLOWED (that’s all … ALLOWED … just lift the political and planning restrictions) to be provided … as is the case in the United States … and as it used to be in New Zealand …

    … that is … just restoring housing affordability, not inventing it …

    Lot Values Hit Record Highs (U.S 50,000 median price per serviced Lot) … Natalia Sineavskaia … U.S National Association of Home Builders

    http://eyeonhousing.org/2019/11/lot-values-hit-record-highs/

    … with the housing crisis being by far and away the top concern of Kiwis at 53% (up a massive 16% in just 3 months) … some 16% of Australians and 14% of the British … according to the latest quarterly IPSOS Issues Monitor …

    THE IPSOS NEW ZEALAND ISSUES MONITOR – NOVEMBER 2020

    https://www.ipsos.com/sites/default/files/ct/news/documents/2020-11/12th_ipsos_new_zealand_issues_monitor_nov_2020.pdf

    • Arthur Schopenhauer

      Without international tourism, there’s not much left to the NZ economy. Lamb, Milk products, some fruits, a bit of fishing, and property speculation. Yes, there are small inventive manufacturing shops (sheds) spread about the country, but nothing that could be classed as an ‘industry’.

      Arden is doing the needful, keeping NZ afloat.

      • Totes BeWokeMEMBER

        Afloat for whom? Her core policies of immigration and selling off the country are the same as Australia’s LNP and Labor parties and will lead to destruction of NZ, it’s environment, and it’s people.

        • … SADLY … THE ARDERN GOVERNMENT IS MAKING THE POOR EVEN POORER … CONSIDER WELLINGTONS PORIRUA … AUCKLANDS OTARA …

          … Expect the flight of aspirational Kiwis to Australia to resume … bigtime … in 2021 …

          … New Zealand has by far and away the worst housing crisis at a national level within the English – speaking world (Demographia Housing Affordability Surveys) … and by far and away the highest homelessness rate in the OECD (latest ANZ Bank Economics Unit Report) …

          Residents express hopelessness as houses in poverty-hit Ōtara sell for $1m … Jordan Bond … Radio New Zealand

          https://www.rnz.co.nz/news/national/433354/residents-express-hopelessness-as-houses-in-poverty-hit-otara-sell-for-1m

          Million-dollar houses are now being sold in one of Auckland’s lowest-income suburbs and a local politician says government failure is allowing the market to drive further inequality and hopelessness.

          Last month an unremarkable 1960s weatherboard house on less than a quarter acre section in Ōtara in South Auckland sold for $1.01 million.

          Another – which 12 years ago sold for $340,000 – went for $1.1m, more than triple its last sale price in October. … read more via hyperlink above …
          .
          .
          … Wow … a Wellington example … Poor Porirua has the most hyperinflated residential rents …

          ‘Desperation’ for homes driving rent prices up in small-town New Zealand … Vita Molyneux … Newshub

          https://www.newshub.co.nz/home/new-zealand/2020/12/desperation-for-homes-driving-rent-prices-up-in-small-town-new-zealand.html

          … concluding …

          … The fact that people are willing to live in overcrowded homes is a perfect example of the crisis, says (local Northland marae chair Dolly …) Baker.

          “They don’t care about the price, about the crowding – desperation drives people to do whatever they need to do.”

          It’s a similar story across the country – recently Porirua, a suburb outside of Wellington, hit headlines as the most expensive place to rent in New Zealand with an eye-watering average rent of $625 per week.

          It’s a lower socioeconomic area – data from the 2013 census shows 25.4 percent of those employed are on low incomes and 8.3 percent have no income at all. More than 30 percent of Porirua are renters, and a 2018 report found 20 percent of children lived in overcrowded houses, and a quarter were in homes that were damp and mouldy. … VIEW AND READ MORE via hyperlink above …

          • Totes BeWokeMEMBER

            Like Australia, NZ needs a hero.

            Instead of Adern being labelled treasonous she’s put on a pedestal. Exactly like Gillard.

            Just a sad sad sad moment in Australia and NZ before we lose the whole lot. 99% of our offspring will be horrendously poor, if not driven away all together by the new masters.

            It seriously is time to wake up to these traitorous apparent left parties. They’re in bed with the elites, doing everything they can to surrender the country to feather their own pockets.

          • Totes BeWokeMEMBER

            I’ve been to NZ north and south tens of times, and am sad to hear what’s happening.

            WhyTF are the natives letting it happen?

          • The cause of the problem is obvious to a (rare) person with a functioning brain.

            1) Production of extra houses has not kept up with introduction of extra people. Over time this has created a shortage of housing – as mathematics dictates it must.

            2) The shortage of housing causes rents to rise in real terms – that is rent takes more of a person’s income – that is rent becomes less affordable. Under an inflationary monetary system we see rents rise faster than incomes.

            3) Rising rents attract and justify enormous “investment” into existing and new housing.

            4) Govt grants and tax nonsense further attracts and justifies higher prices paid.

            5) Low interest rates further attract and justify higher prices paid.

            So what is the solution?
            ========================

            5) Is it to raise interest rates? No. That should be done, but is not the solution.

            4) Is it to remove govt grants and remove tax nonsense? No. That should be done, but is not the solution.

            3) Is it to ban investment into existing and/or new housing. No. That won’t fix the people:house ratio

            2) Is to give extra money to non-owners so they can pay higher rents and all rent better housing? No. The fallicy of composition means that can’t work. It will drive rents up higher.

            1) Is it to create extra decent houses at a greater rate than population increase?
            Yes. That is the solution.

          • Totes BeWokeMEMBER

            “1) Is it to create extra decent houses at a greater rate than population increase?
            Yes. That is the solution”

            Then what next time, and time after that?

            Stop immigration is the only sensible and sustainable solution.

          • rents as a share of household income has been falling since about 2013. And prior to that was basically flat.

          • Ludicrous claim by Sweeper.
            Are you telling me that rent for a Granny flat has always been more than half of a Granny’s pension?

            Ludicrous claim. Rents have risen enormously as a percentage of people’s income. This is ordinary wage earners and poorer people we are talking about. Not four doctors living in a house.

          • bolstroodMEMBER

            Drove past a Caravan park in Lismore yesterday, advertising Caravans to rent…
            $200 perweek.

        • Arthur Schopenhauer

          NZ has reached the apotheosis of neo-liberalism. In the short term, the NZ Government has to choose between national poverty or a property bubble. NZ has been run on the smell of an oily rag since Britain joined the European Common Market. Successive governments have sold the farm, and here they are.

          Not an endorsement, just an observation.

          • Totes BeWokeMEMBER

            All made far worse by populating. NZ is a microcosm of Australia, and we will soon reach the same outcome.

          • … WITH WELCOME CLEAR THINKING FROM AUSTRALIA …

            … Where housing and opportunity deprived aspirational Kiwis will be fleeing to in 2021 …

            … Join the MacroBusiness discussion …

            The Age of suburbia … Ross Elliott of The Pulse (Australia)

            https://thefingeronthepulse.blogspot.com/2021/01/the-age-of-suburbia.html

            “Mr. Covid has been the best city and regional planner Australia has ever had. The suburbs will shine and regions will grow. Maybe we should forget about big city infrastructure projects for a while and spend it on our future resilient communities where people look out for each other.”

            That’s a note from late 2020 from a good friend of mine – a highly regarded town planner in Australia, who has led both city planning for large metro cities and worked across the globe, most lately in the Middle East. He’s no dill. …

            … But as my friend has since wryly observed, a virus has changed all of that. Property industry leaders who once worshipped at the altar of centralisation have sniffed the winds and seen hope of new salvation in the suburbs. Fund managers are predicting a significant fall in demand for CBD offices as workers adopt more amenable work-life practices – working from home or from suburban hubs. The chief of publicly listed developer Stockland – Mark Steinert – is now publicly predicting a shift of the entire metropolitan economy away from CBDs to more suburban locations. Such comments would have been heresy only just 12 months ago and no doubt been savaged by Stockland’s investors. They now reflect conventional wisdom. … read more via hyperlink above …
            .
            .
            … Professor David Levinson of the University of Sydney nails it … essential viewing …

            THE NEW NEW NORMAL: MOBILITY AND ACTIVITY IN THE `AFTER TIMES’ … DAVID LEVINSON (University of Sydney) … TRANSPORTIST
            … h/t PH and AB …

            https://transportist.org/2020/11/03/the-new-new-normal-mobility-and-activity-in-the-after-times/
            .
            .
            Building Approvals October 2020 … ABS (Australian Bureau of Statistics

            https://www.abs.gov.au/statistics/industry/building-and-construction/building-approvals-australia/latest-release

          • MASSIVE LONDON EXODUS …

            Covid led to huge London property exodus, says Hamptons … Rupert Neate … The Guardian
            h/t DB

            https://www.theguardian.com/business/2020/dec/26/covid-led-to-huge-london-property-exodus-says-hamptons

            London leavers bought 73,950 homes outside the capital in 2020, as the coronavirus pandemic led the biggest exodus from London in four years.

            People from London bought homes worth a collective £27.6bn over the course of the year – the largest amount spent since 2007, according to research by the estate agent Hamptons. … read more via hyperlink above …

          • “In the short term, the NZ Government has to choose between national poverty or a property bubble.”

            Ditto Straya surely since the collapse of mining and we abandoned all manufacturing.

        • ” 99% of our offspring will be horrendously poor, if not driven away all together by the new masters.”

          Going to happen anyway as the world economy has been in a growth deficit for years, disguised by growing mountains of debt. That can’t go on much longer.

          The hubristic immigration policies of the last 50 years which ignored the CSIRO and the physical realities of the driest inhabited continent with the most infertile soils made on the insane assumption of never-ending growth, will make it all a whole lot worse, but…..

          LNP or Labor, it makes no difference now. Both are as arrogant, clueless and mediocre as the other. We’re fckd.

          https://surplusenergyeconomics.wordpress.com/

          Or read Part 3 of the-objective-economy-part-3 (posted above)

          https://surplusenergyeconomics.wordpress.com/2020/12/08/186-the-objective-economy-part-three/

      • Give me a break dude just search Richard Smith on NC for all the laundry on NZ financial flows and why their RE is a joke.

        PS … Hugh is a bot …

    • Totes BeWokeMEMBER

      The irony is off the charts. I’ve met countless beautiful people overseas I’d love to bring to Australia.

      We can continue to be spoiled or we can destroy ourselves with kindness, without achieving a thing globally.

      We seriously are a collectively deficient species.

    • Shades of MessinaMEMBER

      Hard to disagree with most of the sentiments in that article though, they are all pretty accurate.

      Shame we can’t be @ssed doing anything about it….

      • cuturhairMEMBER

        Yeah, I agree. I find them as strange reasons to cite not coming back to Australia during a pandemic, but each to their own.

        I would have thought the primary reason many chose not to return to Australia is because they already have stable lives wherever they are already.

        • I think there’s a period in the life of every expat where you feel not only has your country failed you but it doesn’t care…the latter is true; it simply doesn’t. And there are wonderful opportunities and experiences o/s, so who cares.

  6. Stewie GriffinMEMBER

    Vox is truly evil:

    It’s also increasingly expensive to be middle class, in part because wages for all but the wealthy have remained stagnant for the past four decades.

    https://www.vox.com/the-goods/22166381/hollow-middle-class-american-dream

    Reform of the US Immigration Laws occurred in 1965, by 1975 mass migration from Latin America and the rest of the world was in full swing – but of course millions of low wage immigrants arriving in the US every year has had nothing to do with disempowering the working poor, crushing wage growth and enriching the elites…. Vox actually jizzes over the idea of 1 Billion Americans, although the reality is it would be 1 Billion people living in America, feeding off what Americans produced prior to being replaced.

    If they want to know why the American middle class has been eviscerate they should start by examining the owners of Vox and their cultural proclivities in terms of what they argue for America – after all it has been people like Ezra Klein and his cultural values that have been in ascendancy for the past 40 years.

    • Vox is greaseball journalism. Klein is a total grifter.

      My favourite Ezra Klein moment was when Sam Harris called him out over some false accusations on Twitter and invited him on his podcast to straighten it out. Klein just refused to address the issue for Two hours.

      • Stewie GriffinMEMBER

        I liked how Klein was going to interview Bill Gates, but then Gates made some tweet about how unrestricted African immigration into Europe posed an existential threat to European, so Klein cancelled the interview.

        That is how one eyed the propoganda that comes out of that greaseball factory is – any topic that doesn’t accord with the founders cultural values gets shafted, with zero discussion taking place. Take that example and then multiply it by the rest of the mainstream media and their majority owners and it is pretty easy to see the origins of the cultural forces controlling the narrative in “our” societies.

  7. Stewie GriffinMEMBER

    ‘The US isn’t an option anymore’: why California’s immigrants are heading back to Mexico

    “But California was also always a place where my family – my parents and grandparents – believed they could build a better life,” said Gallegos who was born into a family of immigrant activists and organizers. “It was always a place with potential.”

    https://www.theguardian.com/us-news/2020/dec/31/california-immigration-mexico-coronavirus-us

    California was once a Republican stronghold, but over the last 40 years it has steadily transformed into a bastion of progressive Democrat ideals and values…. nothing highlights the one way trip in living standards that embracing progressive values leads to better than California. Zones for the super rich and wealthy, either physically isolated in pocketed wealthy suburbs with their fortress shopping centers or literally in their gated communities, while the rest of the state slides into liberal entropy filled with imported street sh!tters, black and latino gangs and social decay.

    The Israelites were constantly being smitted by G-d, what was their crime? Turning their backs on unity and shared values, and instead pursuing their own personal whims and fancies based around their individual rights. California has become nothing more than a giant golden calf in honor of Baal, filled with with Reus’s dancing around it celebrating their rights and freedoms while the rest of society decays as the responsibilities that accompany ‘rights’ are ignored and forgotten.

    Still there is hope in that story that things will eventually stop getting worse:

    “It’s not even that the country is not welcoming any more, it’s just not an option any more,”

    As living standards and services are deliberately crushed back to the equivalent that is found in the rest of the world, the desire to come and take a piece of what remains will lessen.

    • Same Hollywood and big tech types who have them mowing their lawns for $5 an hour. And also putting the coke up their nose that ironically helps keep the cartel problem at astronomical levels.

      Joe Rogan had a good show the other day with restaurant owners in LA being bent over California government and how insane it is now. Although joe is a bit of a hypocrite now considering he essentially supported the policies that caused it all and then moved to Texas because of low taxation. Ironic.

    • For 12 years I visited CA for work from 2008 – 2020 and each year I went the problems were getting worse. Mostly homeless on the streets.

      • This.

        Was there last year pre COVID, prior to that 2015. The difference in homelessness was astronomical in those 5 years. It used to be contained to Skid Row and a couple of places in Watts/Inglewood area in LA. It’s now everywhere. Malibu, Long Beach, Santa Monica etc.

        LA has been going downhill a while but I’m not sure it’s recoverable now.

        • To be honest I blame central bank policies more than the Democrats for it. It’s low rates which have driven housing prices to the moon in CA. But also big Tech paying big wages has forced everyone else out.

          • Fair point but i blame both – it’s a pincer movement. I can’t tell the difference these days.

        • Stewie GriffinMEMBER

          Progressive [tm] neoliberal corporatist blue dog democrats …… are you high – ??????

          From your statement it appeared as though you were incredulous that such a gestalt entity could exist. I merely told you where to go to find it.

          Not sure why you brought up rightwing media – nothing I said or mentioned either denied its existence or its equally manevolent influence in the Resist/Unite! narrative that I drew attention to.

          ….I suspect you just threw “targeted rightwing corporatist rags” out there in a desperate attempt to distract from the fact you’ve once again dug yourself into a hole. Sort of like a fleeing criminal throwing whatever detritus comes to hand from his moving vehicle in the vain hope his pursuer will become distracted and crash, only with you the detritus is your patiently obvious emotive appeals ‘targeted rightwing corporatist rags’ or other such impenetrable gobble-de-gook.

          No such luck I’m afraid – I’m still here.

  8. reusachtigeMEMBER

    Ok the conspiracy is clearly moving to the next stage. Just went to my fav cafe after my power walk and everyone MUST now use the government mandated app to register being there. No ifs or buts, the Gov wants to track your every move in NSW. Thankfully it’s a lax place and they didn’t check that I registered my presence so, of course, I didn’t. Fck off out of our lives commies! When will we fight back?

  9. Stewie GriffinMEMBER

    Facts won’t fix this: experts on how to fight America’s disinformation crisis

    2016: Resist! The Russians have stolen the elections!!

    [Mueller Report Finds No Evidence Of Russian Collusion]

    2020: Unite!

    The consequences of Donald Trump’s repeated, baseless claims of voter fraud will come in several waves, researchers who study disinformation say, even if Trump ultimately hands over power and leaves the White House.

    https://www.theguardian.com/us-news/2021/jan/01/disinformation-us-election-covid-pandemic-trump-biden

    The biggest source of disinformation in America and the rest of the West starts and ends with the mainstream media. Honestly, I don’t know why anyone bothers to read the Guardian anymore.

    • Know IdeaMEMBER

      For the same reason I listen, admittedly sparingly, to ABC radio and 2GB in equal measure: to remind myself how utterly intolerant the competing mainstream ideologies are.

      • Stewie GriffinMEMBER

        You are soooo two dimensional.

        Right wing left wing, isn’t the issue – they are ALL Globalist Wing.

        • See MPS and transnational economics …. only thing is race is a moral factor is some peoples minds … good thing the natives were sorted …. whats the excuse now – ?????

          • Stewie GriffinMEMBER

            Of course it is important – we have had that discussion many, many times.

            Like there are median differences between the sexes, there are median differences between population groups in terms of a whole swath of measurable characteristics. This is of importance and isn’t something that should be blushingly hidden as a too problematic a topic ever to discuss, because our societies and the quality of life we enjoy and seek to maintain, are directly influenced by the composition and behaviors of the people who make it up.

            That is why Africa and African societies look and behave the way they look, Asian and Asian societies look and behave the way they do, and European societies look and behave the way they do. IT ISN’T MAGIC SOIL THAT DOES IT.

            Transporting 100m Africans to Europe isn’t going to make them European, but it will sure as hell make Europe a whole lot more African.

            That is why it is important.

  10. Stewie GriffinMEMBER

    How the Gender Balance of Investment Teams Shapes the Risks They Take

    Every modern article that ever addresses gender balance within organizations is written to praise the increase composition of women in the workforce. To the best of my ability I cannot recollect reading a single article ever published in the mainstream media that is actually critical of female work force participation in terms of the traits that they add to the beliefs and values of the organisation. Male participation, plenty of criticism. Female participation, never….. in fact I challenge the collators of MB’s Readings to find a single mainstream media article that is critical of female influence in the workforce.

    It is not that I think having women working is a bad thing, just like having fewer men choosing to work and remain home isn’t a bad thing either – it is just that when there is no actual discussion of the Pro’s AND Con’s, then I grow increasingly suspicious that what I’m reading isn’t news, but propoganda.

    On to the article:

    Women are more risk averse than men on average — at least that’s what research and received wisdom seem to suggest. Women take fewer risks when picking stocks, investing in venture capital, and making acquisitions, for example.

    Well if we are going to admit that there are sex differences in terms of behavior between men and women, lets not stop with their adversity to risk, but extend our examination across to the big 5 OCEAN personality traits. Women, on average and as a measure of collective behaviour, have higher levels of Openness, higher levels of Agreeableness and higher levels of Neuroticism.

    So lets consider Openness first, higher levels of Openness suggests that women would be more Open to new ideas and ideas – and this is exactly what the article then goes on to note:

    Yet many important decisions in investing, entrepreneurship, and business generally are about betting on people, addressing social problems, or trying to find the right balance among conflicting interests. This is what we mean by social risk: decisions that have important human or social consequences, in addition to financial ones.

    Anyone working in for a large organisation would no doubt have experienced this through their exposure to diversity training, which is an initiative and social program that would slot in evenly directly under ‘Openness’. But has diversity training or its big brother Critical Race theory, actually lead to improved working conditions and more productive working environments? Nope – actually the best evidence suggests that such training is actually counterproductive, as it teaches the supposedly disempowered to constantly search for microaggressions that these theories invent in order to justify their existence, as a source of empowerment, while creating a sense of unjust aggrievement among the population of supposed rac!st transgressors, puzzled and confused over their supposed bigotry.

    Next Agreeableness. Let’s start with the paradox of agreeableness, which is that as a community becomes more agreeable it will in turn demand higher agreeableness from its members, in effect it’s only intolerance is towards those who are disagreeable. This has two direct impacts, firstly is increases the firms propensity towards group think, as disagreeable views are gradually culled from the organization. Secondly it lowers productivity and innovation, as the people most capable of ‘thinking outside of the box’ which by its very nature requires disagreement with the status quo, are also forced to leave firm.

    Finally there is the issue of higher degrees of Neuroticism, I don’t think it is necessary to spend much time outlining the negativities of more neurotic behavior has on decision making and efficiency.

    The point is that there are positives and negatives in any gender balance, yet the narrative coming from the MSM is always 100% in one direction.

    • ErmingtonPlumbingMEMBER

      A 50/50 gender balance in Plumbers sure woulda had me exposed to a lot less hairy Plumbers cracks over my working life in the trade.
      Some things ya just can’t unsee.

      • Time the unconscious bias was erased from that industry so that ladies can clear sh!tters too!

        • ErmingtonPlumbingMEMBER

          It’s not the unconscious bias of the industry preventing entry.
          It’s the unconscious bias of the “Ladies” themselves me thinks.

          I often suggest to my 12 year old daughter and her little friends that they should think about becoming Plumbers.
          They all just laugh at me and say Yuck!

      • migtronixMEMBER

        Well Ermo if you worked for a firm instead of looking at crack all day, you’d know it’s generally a hotbed of multilateral and horizontal debating societies, where we all just sit around disagreeing with each other.

        And then the chicks show up….

      • Shades of MessinaMEMBER

        I find your insinuation that female plumbers can’t have hairy cracks sexist and discriminatory.

        Not only should they be allowed to have hairy cracks, they should be allowed to profile them as readily as male plumbers.

        Are you with me Reusa ?.

    • Stewie GriffinMEMBER

      Actually I’ll correct myself – THIS was the only article I have ever come across that was remotely critical of female leadership qualities, but it was actually an article on how a research paper was withdrawn because it was critical of female mentoring:

      https://www.insidehighered.com/news/2020/11/23/journal-faces-backlash-publishing-article-female-mentorship

      Plenty of articles critical of male mentors, just google it – but women, no, such criticism is verbotem:

      https://www.google.com/search?q=problems+with+male+mentors&oq=problems+with+male+mentors&aqs=chrome..69i57.5487j0j4&sourceid=chrome&ie=UTF-8

          • Again that is a corporate driven agenda wing nut, its not like its some grass roots rights equality agenda like the woman’s movement back in the day and largely a response to cheap alcohol from a glut of sugar making the over worked labour seek solace in getting pissed with a side of “I”m the man of the house get in the car weak sex thingy.

            I reiterate the whole LBGT movement back in the 80s in Calif monetized itself due to the lack of political options and rubber stamped money to show its purchasing power, at that moment the whole debate with the hard case evangelicals took another turn. It was all fulfilling because the evangs said markets = TRUTH = and now anguish about the dark side of their mentality was usurped. I know of some predominate people back in the day that were against from an intellectual stand point that it should be advanced through market dynamics because of how it would be abused.

            ” The story starts like this: In 1946, Herbert Nelson was the chief lobbyist and executive vice president for the National Association of Real Estate Boards, and one of the highest paid lobbyists in the nation. Mr. Nelson’s real estate constituency was unhappy with rent control laws that Truman kept in effect after the war ended. Nelson and his real estate lobby led what investigators discovered was the most formidable and best-funded opposition to President Truman in the post-war years, amassing some $5,000,000 for their lobby efforts—that’s $5mln in 1946 dollars, or roughly $60 million in 2012 dollars.

            So Herbert Nelson contracted out the PR services of the Foundation for Economic Education to concoct propaganda designed to shore up the National Real Estate lobby’s legislative drive — and the propagandists who took on the job were Milton Friedman and his U Chicago cohort, George Stigler. To understand the sort of person Herbert Nelson was, here is a letter he wrote in 1949 that Congressional investigators discovered and recorded:

            “I do not believe in democracy. I think it stinks. I don’t think anybody except direct taxpayers should be allowed to vote. I don’t believe women should be allowed to vote at all. Ever since they started, our public affairs have been in a worse mess than ever.”

            It’s an old libertarian mantra, libertarianism versus democracy, libertarianism versus women’s suffrage; a position most recently repeated by billionaire libertarian Peter Thiel —Ron Paul’s main campaign funder.”

            What planet do you come from dude …

          • Colton McKivitz

            What does this equality end point look like exactly? Hashtag the future is female. Why do male feminists think that feminism exists in their imagination?

    • I think Australias going broke and we are looking for any stupid reason to lift GDP productivity.

      Yeah, I dont think I can ever recall any men who have been jealous or annoyed that woman are physically working in the workforce. In reality, I do see woman controlling everything as woman are the biggest ‘control freaks’ on the planet but thats neither here nor there.

      The issues I have with Feminism is we trade Short Term Gains for Long Term Losses. We gain Female Employment but we lose Family and Men Pulling out of Universities and Workforce ( which I suspect is coming ).

      A quote Kevin Rudd once said, ” You have Family, Business and Church. Destroy Family and you destroy all three. “. Feminism is effectively the death of Family. Australias Social Society is going to radically change in ways many of us are too stupid to realise. We just think we will pocket all this money from a Female Workforce without looking at the consequences of what we just traded off.

      Personally, I think Australia is turning into Japan. We are going into a Stagflation Collapse for starters. Societally, your going to see the rise of Loneliness, Divorce, Social Fragmentation and Men who want nothing to do with Society anymore. People joke about it but its already happening in Japan to this day. I think your also going to see a huge rise in Suicides in a few years to come. In my opinion, the disadvantages and things we lose because of Feminism are far greater then the things we gain. Its a bit like Migration. Money for today but huge consequences for tommorrow. The Governments going to have to plan and restructure an Australian Society for singles because this is going to have such serious social consequences that nobody seems to be addressing them. Smaller Housing, At Home Services and tonnes more Welfare to compensate for what Australias taken away. In reality, I see none of this stuff happening so Australians are just going to suffer and all we will see is a standards of living hit for every Australian. Its typical of Australia to always see the Quick and Easy cash but never the devastation this stuff is going to leave behind. Eventually, even woman will be unhappy. I think we are going to do it anyway ( because Australias Stupid ) but just like Migration, it wont fix the Growth Collapse. It might temporarily but it will come at such great cost that we would have been better off just suffering the poverty then the migration/feminism.

      You’ll lose male motivation. Most likely, Suicide Rates in Australia will skyrocket and we will lose more then we gain. Feminism will defeat its own purpose. Woman will end up alone as well. Men wont want them. If Feminism gets really extreme, then woman will end up destroying themselves. Those who will suffer the most will be the Young. They’ve lost 20 years of House Prices and now they are being driven into Social Isolation.

      Economics is trying to play God and I dont think Economics is going to win.

      Hikomori – https://www.youtube.com/watch?v=wE1UIK85E3E

      • “Feminism is effectively the death of Family”

        Feminism first raised its head over 100 years ago. Fact – since then the world population has gone from just over 1 billion to nearly 8 billion and we’re about to add another 2 billion in the next little while. So it looks like families are doing ok.

        The world’s human inhabitants have been living beyond their means for at least 100 years on a once-off bonanza of high energy FFs and a delusional addiction to growth. Which is now coming to an end.

        You can blame the coming declining living standards, high unemployment, increase in suicide, increasing inequality and wealth disparity, etc on 200 years of corrupt and greedy politics, colonisation, monetism, debt, financialisation, climate change, destruction and poisoning of the environment – or anything else you like –

        But puleeeeze don’t blame it on women. Pathetic.

        • But puleeeeze don’t blame it on women. Pathetic.

          He’s not blaming it on women, he’s blaming it on feminists. 🙄

          • Of COURSE he’s blaming women:-

            “In reality, I do see woman [sic] controlling everything as woman [sic] are the biggest ‘control freaks’ on the planet”

            ” We gain Female Employment but we lose Family and Men Pulling out of Universities and Workforce.”

            “We just think we will pocket all this money from a Female Workforce without looking at the consequences of what we just traded off”

            News for you buddy – Feminism is the right of women to vote, to work, to live free of coercion, to have control of their affairs.and bodies – all rights accorded to men since time immemorial. Anyone who wants to deny them that is a freaking misogynistic dark ages fckw!t.

          • Colton McKivitz

            Voting, working, living free of coercion, having control of one’s affairs and bodies are not feminist ideas. Feminism is the one way flow of the goods and services of life both tangible and intangible from men to women with no clearly defined end point. Feminism is a set of ideas, delusions, prejudices and a corrupt power grab i.e. power without commensurate responsibility. Women are a biological sex. Being critical of feminism isn’t ‘misogyny’. Feminism can’t hide behind women forever.

        • So your prepared to cut migration before you start destroying Australian Familys?
          Who’s going to ‘sacrifice’ for these changes? Will it be the same Young Generation who has also suffered 20 years of high house prices?
          What will you be giving back and who will be the people being rewarded for all this sacrifice?
          Will every young man in Australia end up on a free UBI or Pension in compensation for this loss? Will young men in Australia end up in homes now that Australias Society has turned single? What will be the reward for this sacrifice?
          Everyones an ‘Expert’ but I dont see the Young getting much out of this.
          First they lost housing and now they lose family. What else you going to take from them?

          • Listen Mathias, it sounds like you’re in a tough spot, but blaming women/feminism is not going to help, and is not the answer you’re looking for.

            What is to blame for the mess we’re in is actually the previous few generations’ extraordinary consumption binge. For what we’re actually up against is the limits to growth – a plateauing, then decline of most of the resources civilisation depends on, particularly fossil fuels – which translates into a fast-approaching decline of living standards all over the world.

            It’s not money, not financialisation, not debt, jobs, nor families, and certainly not women (well, no more than men) that is responsible for the fix we’re in, but the decline in cheap, easily accessible FF energy – the once-off bonanza of cheap oil in particular, that we first discovered only 200 years ago.

            This could, and should have lasted us at least 500 years if carefully husbanded. But we chose instead to have a consumption binge of cruises, McMansions, fast food and inbuilt obsolescence of everything – basically endless crap – which Tim Morgan describes as the adoption of a “dissipative landfill economy”.

            https://surplusenergyeconomics.wordpress.com/2020/12/08/186-the-objective-economy-part-three/

            So we’ve now reached a FF, and other resources, plateau, and it’s thought (by BP, Shell, IEA etc) that oil – the king FF – without which civilisation simply cannot function, will soon begin to actually decline. (Which is actually just as well, as if we do find more oil that is economically viable, it will fry the planet completely).

            https://www.themonthly.com.au/issue/2020/july/1593525600/jo-lle-gergis/witnessing-unthinkable?utm_medium=email&utm_campaign=Summer

            So, no more growth. Declining living standards. Maybe no pensions, no UBI. Yes, the young will suffer disproportionately, while the wealthy 1% will be fully occupied shoring up their wealth. It is horrendously unfair and cruel. Many young couples are deciding not to have children because they’re so concerned as to what lies ahead. But this is what you need to educate yourself about – resource depletion and how it will affect you, and how you will manage. Knowledge is power. If you don’t know what’s coming, you can’t prepare and will instead live in a fug of victimisation and despair, laying blame at the wrong door without understanding why your life is falling apart.

            Read up on self sufficiency, maybe learn some practical skills like gardening and mending stuff. Get some tools; maybe join a mens’ shed. We’re happiest when working and living outdoors with others, so spending time in nature and sunlight is healing in in itself – which is how we lived for 99.9% of the last 200,000 years. Recognise too that today’s way of life is an unnatural aberration – a human zoo, exemplified by Japan. It helps to understand we weren’t meant to ever live like this. If you can find a way to move out of the city, find work on a farm or coop, you might find you get a whole new perspective on life. There are huge rewards to be had in being useful and needed, even if there’s not a lot of money in it.

            Wishing you well.

      • boomengineeringMEMBER

        Mathias, re Hikomri
        Thanks for sharing.
        Thank g0d he’s got a job as youngest 40yo would fit that bill. When young always felt hard done by, never at home out with mates, sleepovers at heaps of friends houses looking at the treatment of other households thinking they had it better. As adult only left home for about 6mths with said mates, then boomeranged. Last few years we accepted the imposition due to his adult electrical apprenticeship, and now 100% pass mark, hoping he’s saving ( usually a non saver) to put himself on a good footing. The missus being a normal mother sides with him on every occasion, cleans his room, washes clothes etc. She recons the trauma the family experienced before and after being foreclosed on 2 days before Christmas, living in a garden shed on the roof of the gym with makeshift shower and toilet, getting turfed out onto the street having to find a derelict house to live in 1990s had an influence. Hardly see’s his mates anymore as all married with kids etc. Rare occasion the other day went 4hr spearfishing together but rain everyday being good excuses to self isolate every day of his month holiday.

        • I feel sorry for young men. I think they are wearing the brunt of everything. Australias Suicide Rates pretty much tells it all.

          I think the future is Single, a Job, Living alone. I dont like it but Im pretty sure thats how its going to turn out.

          Since growing up, 14 of my mates have already suicided in Australia. Half due to poverty and half due to Relationship Issues. I thought I was just a wierdo so I went and asked one of my mates, ” How many guys have you known who have suicided since you where born? “. 10-20 is about the average.

          I dont think todays young care anymore. I think they’ve tuned out completely to anything thats political and the last place you’d find them is on MB defending there right for future family. They see Politics as being owned by Boomers and they dont even see the point in being involved with it anymore. They’ve just walked away completely.

          I think when the Boomers die, the Young wont be there. Austalias going to have an impossible time re-engaging them because most I know, dont even care about anything anymore. I dont think they want to be re-engaged. They simply… dont care. Time will tell, I guess.

      • The precursor of feminism was the Womens Liberation movement, actively pushed in 1920s America.
        The biggest reason was that some were disappointed that only 50% of population was paying income tax (men), so in order to get the other 50% to cough up they were sold the idea that being at home looking after the children was a male chauvinistic slavery system and they would be so much happier if they had a job and lots of casual sex.
        The other reason was that kids would be dumped earlier in life at government sanctioned brainwashing institutions for some wholesome indoctrination.

        • Disregard first sentence, have timelines mixed up. Could just read: ‘Second wave feminism was pushed mostly for two reasons.’

          Gloria Steinem was at the forefront of feminism in 60s and 70s America and considered a leader of the movement.
          Here she talks about how she worked for/was funded by the CIA early on and how they (the CIA) were “…enlightened, liberal, non-partisan activists…”
          Hmmm…
          https://www.youtube.com/watch?v=4HRUEqyZ7p8

    • Japan – Stigmotised Property – Haunted Houses where people have died a Lonely Death.
      https://www.youtube.com/watch?v=hd_m2RevjPA

      Its funny that ‘Lonely Death’ is turning into a kind of Japanese sub-culture. I dont think Australians are that superstitious but you never know lol.

      Australia jacked house prices to the moon. Home ownership has collapsed across Australia and everyone has just moved back home with there parents. Living at home till your 50 seems pretty common these days. When parents die, I suspect we will see suicide rates in this Country skyrocketing. Canberras going to be in for a shock when it starts seeing such huge suicide data. Im thinking Australias Labor Force might collapse. Canberas too damn stubborn.

    • Couldn’t agree more Stewie. Some topics are strictly verboten! Which is a huge double standard.

    • Well as a female I’ll address the females and risk and investing aspect of your comment. My ‘investments’ are so risky that the mainstream groupthink would classify them as speculations, not investments. It’s set up so that if a few of them come good there should be some very good gains, and as my wants/needs aren’t extravagant, that is all I’m hoping for. However I feel that I basically have no choice to take on extreme investing risk given personal circumstances and the broader macro situation in Straya stacked against me. I have to gamble, but I can try and do it intelligently and minimise the risk.

        • I’m actually in the middle of doing a portfolio review right now. I’m not quite sure what to think but omg do I have a penchant for explorers! (though I usually only buy after it is known that something is at least there). However I’m viewing this as a multi year effort to build some wealth. I had a very scrappy portfolio with a lot of turn around mistakes (or maybe I was just waaay too early on some things but I have a feeling patience will pay off big time for some things), but this year has seen an astounding change in the fortunes of most of my stocks across various industries. So now it is time to start considering how and when to take profits and where best to use that money.

      • Stewie GriffinMEMBER

        The big 5 personality traits are a specturm and when I refer to women above I am only referring to the median distribution of those behaviour and their ability to nudge ‘the collective conciousness’ in Durkheim sense of the gestalt entities and institutions that form our societies.

        Despite these differences at a group median level, at an individual level personal interests and the significant overlap in the big 5 traits between males and females, ensures that there are still plenty of women such as yourself, who are interested in finance (as per your reading of MB), and significant risk takers – just like there will be plenty of men who are neither interested in finance nor interested in accepting risk.

        Glad that the MB boys club hasn’t chased all the women away. 🙂

        • Understood. And yeah you blokes haven’t scared me away. I don’t subscribe to the get easily offended and disengage school of thought.

      • Remember the 440 million dollars contract given to some dodgy operator to run that Barrier Reef ‘research’? … god works in mysterious ways, I suppose!

        • happy valleyMEMBER

          I think that it was one of Malcolm’s calls, with perhaps ScoMo involved as he was treasurer then? Off memory, it was the GBRF which had seriously-heavy business types on its board. It was asking for $5m (?) and was given $440m (?) and all upfront, not over a number of years, as otherwise there would have been an unspent allocation in the budget that would have gone to “waste”?

          • Last I heard was that all those “business types” were ex mining executives and the cost of administration was going to be about 30%. 30% of $440 million, now that’s a nice little earner.

          • happy valleyMEMBER

            @David – google Great Barrier Reef Foundation 2020 annual report and you will be able to access the Financial Report and the Year in Review documents. The board itself only has a few “names” on it as directors but if you look at p. 34 in the Year in Review, the Chairman’s Panel in 2020 had a list as long as your right arm of “names” who had helped out with project monitoring etc during the year. Off memory, when the Foundation won the Turnbull lottery, it only had a handful of staff which meant that then at least whatever work the Foundation wanted done had to be outsourced.

  11. reusachtigeMEMBER

    Some old hag is on the ABC trying to force everyone in NSW to wear masks when outside. Farkoff! Cases are dropping you commie!! And you even look commie.

    Thankfully we have a Liberal Nationalist government here in NSW with Gladys unlikely to succumb to such rubbish.

  12. Gladys has screwed this up. They aren’t doing anywhere near enough testing.
    Numbers in Sydney are clearly far higher than being presented which mean’t other states were mislead and didn’t close borders early enough. She refuses to make masks mandatory, or own up to how the outbreak started.
    And they get away for it because journalism is an LNP protection racket.
    This outbreak is the result of pro LNP journalism bias, just as the extension of lockdown in Vic was due to anti ALP journalism bias which undermined Dan’s authority and the health message.
    Journalism is very costly.

    • I notice here in Qld that whenever we get someone with the new South African variant they are taken to a hospital isolation unit. So much for hotel quarantine being good enough. The South Africans are saying they are now getting a lot of re-infections. When this new variant escapes hotel quarantine it will be all over the place before we can track it, especially with everyone thinking they have successfully bargained with the virus over Christmas/New Year.

    • ErmingtonPlumbingMEMBER

      I always wonder if the ABCs Ashley Raper (Unfortunate name BTW) if her career would be doing so well if not for her perfectly timed roll in getting rid of Luke Foley such a short time before the NSW election.
      Maybe just a coincidence eh?
      But she has clearly become the leading on site Journalist for ABC NSW since.

      It might not have been the LNP that outed the story she, supposedly, wanted repressed.
      The NSW Right faction didn’t like the first Left faction leader of NSW Labor in a generation either.
      It’ll be interesting to follow her career over the next decade.
      I reckon she might even be parachuted into a safe seat in the future.
      I can’t wait to see if she goes ALP or LNP

        • Political machinations make it difficult to know who to believe. Wasn’t Hillary Clinton’s take on the subject of sexual assault that all allegations should be taken seriously, except those made against her husband.

          • “Political machinations make it difficult to know who to believe”. Nonsense.

            Clinton whataboutism has nothing to do with it but was that really Hilary’s take?

          • I’m pretty sure I’ve seen footage of Clinton saying that very thing when the contradiction was pointed out to her in a press conference or town hall meeting.
            My point is that you really couldn’t be sure if any the accusations against Bill were legitimate or not because the Republicans under Gingrich lost their minds during the Lewinsky scandal.

          • Having said that I must agree that men who aspire to power generally have a inflated view of themselves and are more likely to do these sort of things.

    • happy valleyMEMBER

      Gladys has just told us NSW great unwashed she is off on hols – good riddance. Apparently, she is now saying masks will be compulsory (she can’t mouth the word mandatory?) in some circumstances.

      • Still 100 at weddings, funerals, churches, 500 at cinemas, 30 at gyms etc and patrons of cafes, restaurants and bars needn’t bother with masks. Then there’s the cricket.

        She’s learnt nothing from VIC. But she’s special… and Scummos got her back.

    • 1. . The AMA’s Dr Khorshid says “Victoria is now potentially riskier than NSW.”

      “Victorians have borne the brunt of COVID-19 in Australia, and the prospect of returning to harsh lockdowns must be devastating,” he said.

      “All Australians must now realise that the fight against this pandemic will require ongoing vigilance, inconvenience and disruption if we are to maintain our incredible success at controlling the spread of the virus.

      “Let’s put health first, and watch the Third Test on TV.”

      Are you LISTENING Gladwrap? SFM? Tootling of on holidays FFS. Gives a new slant to fiddling while Rome burns. Burn em. Faaaark.

      • It is interesting to suggest that Vic is potentially riskier than NSW when so many people say that the NSW government strategy is too much of a soft touch, while Vic is much more hard line. Surely the go hard, go early dogma should lead to lessened risk.

        • happy valleyMEMBER

          He couldn’t be any worse than SFM? He doesn’t cut and run from pressers when a question doesn’t suit him or bat a question away on the basis of not agreeing with the assertion in the question. Gold standard Gladys also largely channels the SFM approach.

          • No, Dan had a skill in asking himself his own slightly reoriented questions asked by the journalists then answering the question he asked himself in a world weary way full of platitudes and empty rhetoric. The dependent, fearful types lapped it up.

        • As much as I dislike Scummo, Dan A would sell us to the Chinese. This rules him out in my book.

          • Which the LNP has already done. SFM relies on a suspect Chinese House of Reps member for his position.

            Scotty is a corrupt coward.

  13. Display NameMEMBER

    I read Dave Collum’s Year In Review last night. Dave is a Cornell professor of Chemistry who has a lively twitter presence. What amazed me is the dozens of cases he documented of the cancel culture in US academia. The place is seriously sick. He was a victim of this himself for a comment he made on twitter regarding the rioting in the US. Dave also does a review interview video with Chris Martenson from Peak Prosperity if you cannot make it though the written version.

    https://cm-us-standard.s3.amazonaws.com/documents/2020 Year in Review Full Final.pdf
    https://www.peakprosperity.com/2020-the-year-everything-changed/

    • Can’t remember where I read it (I think Brett weinstein) but a good point was made that the so called free speech 1A GOP types are largely responsible. Point being that they dismissed the long march through academia as just a few nutjobs, and were too busy filling their pockets from globalisation to care. Now 40 years later it’s really come to a head and they’re all acting surprised. Same with big tech issues, too late to the party.

    • I love it. So true. Suck it up Elizabeth Farrelly.

      Elizabeth Farrelly is an opinionated out-of-touch inner city elite who has for years dissed suburban living on 1/4 acre blocks. For years this lady has pushed for high density city living replacing suburban houses.

      Suck it up Elizabeth Farrelly and thanks for finally presenting the truth with facts instead of your pompous opinion.

  14. Stewie GriffinMEMBER

    Cool new site you can find all your BSV apps on:

    https://metastore.app/apps?sort=hot

    I’m actually going through the KYC for the TDXP app. This connects directly to your MoneyButton wallet (or Relayx) and is working to overcome the “funnel” that other online business suffer from when they go the Paypal or online credit card model.

    • Stewie GriffinMEMBER

      US exchange delists 3 of the major anonymous or private coins; Monero, Dash and Zcash.

      https://www.coindesk.com/bittrex-to-delist-privacy-coins-monero-dash-and-zcash

      As I’ve been saying for a while, these coins carry toxic qualities that are simply incompatible with the future regulatory state of crypto. If you hold them you need to be prepared that one day you simply won’t be able to sell them at an exchange and that you’ll have effectively been “Rippled”.

      BTW – the driver behind this delisting are US FBAR regulations that require Financial organisations to confirm the source of funds. The effort required to confirm the source of funds for these privacy coins is either extortionate or impossible. Similarly, if you use other coins or wallets that merge transactions in order to obscure their origin or mixers of any sort, you can expect increasing difficulty in getting any legitimate exchange to accept your funds.

    • I think there is a need to believe in the credibility in the numbers or you become open to all kinds of conspiracy theories. I have been able to predict the numbers for the next day based on the new alerts from the day before fairly consistently (apart from the 18, had no idea that one was coming)

      • happy valleyMEMBER

        And your predictions for tomorrow’s reported case numbers are?

        But, more importantly what about tonight’s winning mega Lotto draw numbers? I presume that I can still go online to buy, win and share mega bucks with you?

        Thanks muchly.

        • prediction of the covid numbers are not that difficult. It is not even close to a lottery tiger. Just look at the list of sites and the maturity of outbreaks and you can pick these things. The unpredictable bit is the detected infections of those that are already in isolation. I would suggest it’ll be under 10 again and probably close to 5 tomorrow, unless further locations come in later tonight.

        • The hospitalisations is another helpful indicator. At the moment it is 1 in NSW out of 270 active infections (including fly ins which nsw doesn’t count). Many of the people infected in the current outbreak were infected over 3 weeks ago. So it looks like they are picking up most infections at this point. http://www.covidlive.com.au

    • happy valleyMEMBER

      What’s this? Even dog, ScoMo and gold standard Gladys couldn’t stop it getting to Hillsong?

  15. Summary of holiday distractions thus far.
    – Ada Palmer’s Terra Ignota series is worth a read.
    – The most recent Bill and Ted movie is better than it had any right to be.
    – Massimo Pigliucci’s modernization of the Enchiridion didn’t quite work. The essays before and after where he argues why it needs to be updated and which bits he updated would have sufficed.
    – Bohemian Rhapsody is a very dull film with one dimensional characters.
    – Imgur is very addictive.
    – Extra Ordinary is a good fun comedy film.
    – Attack in Titan season 4 is off to a flyer.
    – The Expanse season 5 isn’t quite clicking.
    – Bacurau is a messed up and excellent siege film. It reminded me of the messed up Australian films of the 70’s.
    – Divine Comedy’s Office Politics holds up after repeat listens.
    – Coles Organic fair trade coffee is the best instant coffee out there.
    – Baltasar Gracian’s How to Use Your Enemies (a 17th century collection of maxims) isn’t quite Machiavelli’s The Prince, though it is still worth a gander.
    Edit:
    – I’d rather watch the current NZ team in a test match than the current Australian team.

  16. happy valleyMEMBER

    Gold standard ruby princess Gladys belatedly covering her backside with compulsory masking up, just before she bails out on hols. Class act?

    • She’s only emulating the Lord Commander of the LNP, we all no the bin chicken can’t think for herself. He sets the standard, the sycophants copy him, the grubs in society vote for them and then the utter peasants that rank below the grubs tell us how it’s all Labor’s fault.

      Yes totes, you’re the peasant.

    • Geez HV you got a lot of Gladys/Scomo/LNP and RBA hate there that’s been going on for some time now that doesn’t seem to ease up. They’re not worth it. Chill out a bit.

      • happy valleyMEMBER

        It’s not hate – it’s contempt. I have no time for moral bankruptcy, so if it’s any reassurance for you you can throw in federal Labor in to the mix after Albodross’s mindless display today and since his becoming leader. We are rooned?

        • Ok contempt. There’s not much you can do. We have been on this slippery slide for the last 40 years or so – I’ve been around long enough to watch it happen. Productivity declined from the mid 90’s. Increasing productivity is what kept people happy – there was a demand for labour. You could walk into a factory and more than likely get a job. Those days are gone. The financial sector talks about financial products as if it’s something is coming off the assembly line. So I agree with you that we are on a trajectory to disaster and contempt for those that brought us here is justified. But there is nothing we can do about it – it will take its course.

  17. TailorTrashMEMBER

    Watching channel 9 / Domain news to night
    spruiking houses price rises as always .
    But the thing that caught my attention was the current average house price in Orange …..$680 000
    ……..Orange is a town drowning in land .

    This has to be a very sick country
    ….Cancer eventually kills …….right ?

    • happy valleyMEMBER

      Yes, but housing prices in this country are a virus just like ScoVID? There may never be a truly effective cure?

      • Orange or any other major regional town running out of water will cure it in that region. As LVO has stated you cannot pump desal water hundereds of KM inland. It is simply not economic or feasable.

        • happy valleyMEMBER

          Good point. Talking of Orange, went there pre-ScoVID earlier this year for a wedding. Lovely and friendly city and even before ScoVID and the exodus to the regions since ScoVID, saw it as a retirement option but asked a few basic questions of locals about health facilities etc. Off memory, the city was down to 40% water supply or less. Maybe with all the recent rain in NSW they’re all good. Hopefully.

        • Totes BeWokeMEMBER

          When LNP or Labor, whoever, gave away the Darling’s water to foreign owned farms (I kid you not, it’s literally fking dry), Broken Hill ran out.

          No problem, run a taxpayer funded $500m pipe.

          https://www.theguardian.com/australia-news/2019/aug/15/documents-reveal-500m-broken-hill-pipeline-built-for-benefit-of-irrigators

          The country is for sale via LNP and Labor. Nothing can stop them (except wiping Labor out).

          Every scandal/conspiracy you’ve ever seen, Erin Brockovich, whatever, doesn’t come close to what the grubs in our own Parliament are up to.

          ” you cannot pump desal water hundereds of KM inland”

          Of course you can. In the land of plenty, does it matter to the next couple of generations if water costs a household $1000 or $2000 a year?

          • Why can’t we wipe out both LNP AND ALP? Why do you always only say Labor?! If the system is broken, change the system, not just just one part of it. Fk me you’re a special unit

          • Totes BeWokeMEMBER

            lol. Because there’s plenty of greedy Australians happy to vote for immigration via LNP.

            LNP haven’t betrayed their voter base, Labor have.

            I actually think you could be on the cusp of understanding this.

            “change the system”

            Other than via referendum, you can’t change the system.

          • Far out you’re an idiot – I’m not talking about what is/isn’t possible, I’m talking about why you never call for the end of the LNP?! If they’re both the same and where they’re taking us is the wrong end point why aren’t you calling for the end of both of them?! The LNP didn’t sell out (edit: betray their voter base/same thing)? You fkn serious? Your mind is broken

          • Totes BeWokeMEMBER

            I think I’ve already spelled it out clearly and well enough. Either offer an argument or have a good hard look in the mirror. You’re not very bright.

          • You have explained what your broken mind thinks is adequate, but it isn’t, it’s severely lacking. Explain why we would keep the LNP and destroy the ALP instead of getting rid of both? By your own statement, they’re the same and they’re both bad for the country. Why would you keep the LNP?

          • Totes BeWokeMEMBER

            Are you on crack?

            “Because there’s plenty of greedy Australians happy to vote for immigration via LNP….LNP haven’t betrayed their voter base, Labor have”

          • Nationals have sold out their base. Explain to me excatly who you think the Libs voter base is and I’ll walk you through how they sold them out.

            Your mind is truly broken mate.

          • Why would you want to keep the LNP totes? You still haven’t explained this. So are you saying because you think the LNP hasn’t sold out their voter base we should keep them?

            WTF? I thought this was about saving the country? Not about who sold out their base? What are you on about man?

          • I love how you think you’re walking me through your basic b!tch philosophy, I got that from your first post. I’m trying to walk you through your broken mind and show you what the real world sees. We agree it’s all fked, but why do you only want to get rid of ALP instead of the whole lot? You are broken.

          • LNP haven’t betrayed their voter base, Labor have.

            If your measure of the Liberals is Menzies’ Forgotten People speech, then they most definitely have.

            I’m trying to walk you through your broken mind and show you what the real world sees.

            People here have been doing that for nigh on a decade, mate, the “you’re wasting your time” factor cannot be overstated.

          • Totes BeWokeMEMBER

            Drsmithy

            “People here have been doing that for nigh on a decade, mate, the “you’re wasting your time” factor cannot be overstated”

            Man, you’re one of only a few that don’t understand the blinding obvious.

            BTW, just to be clear, I have consistently said LNP are not good for Australia, but good luck getting rid of them when so many Australians vote based on greed.

            I’m not sure how many different ways I have to say it for people like you and @winning to understand such simple stuff. What’s wrong with the two of you? FFS.

            Read this. It explains what Australians are thinking.
            https://tapri.org.au/wp-content/uploads/2020/10/Big-Australia-finalV6.pdf

            Labor have to go to get opposition to big Australia LNP.

          • bolstroodMEMBER

            When LNP or Labor, whoever, gave away the Darling’s water to foreign owned farms (I kid you not, it’s literally fking dry), Broken Hill ran out.

            Gees you are fullof it.

            You are nothing but an LNP pimp.

          • Totes BeWokeMEMBER

            How would I know who did it and when?

            I just know it happened.

            I’m sure it’s not a one time event, and has probably been gifted over decades. Then add the variables of rainfall.

            Labor fans are such morons, you don’t even know you’re being scammed. Wake up.

    • ….Cancer eventually kills …….right ?

      If it doesn’t, you may end up looking like the elephant man.

  18. GunnamattaMEMBER

    My broadband provider is iinet Cable (in Geelong). It has been down all afternoon and i believe there are major issues in Victoria. Anyone else experiencing issues?

    • ErmingtonPlumbingMEMBER

      Netflix was down in Last night so we introduced the kids to the first 2 episodes of “The young ones” on Stan.
      Explaining Ricks Anarchist political positions and why he called everyone fascists made for an interesting convo with the 12 year old.
      The 10 year old boy was happy enough to exclude himself from that conversation and just enjoy the extreme violence of Vivian and his unkind bullying of Neil and Rick which he thought was all very funny.
      He was curious as to why Vivian was so aggressive though.
      “It’s Most probably psychopathy and drug abuse” I told him.
      “What’s psychopathy?” he asks.
      “Laughing at people being bullied and bashed up by you or by someone else” I tell him.
      He thought about this for a moment and said “Hey!,…I’m not a psychopathy”
      “Well you were laughing at at Viv bashing up poor old Neil and Rick” I said.
      I then reassured him he that Im pretty sure he is not a Psychopath.
      Fingers crossed 🤞

  19. Ideologues can’t deal with reality …. news … oops corporatist soma at 10 …. mirth ….

  20. Just gotta say its a hoot seeing so many that had so many plans and whatever rolling around in their heads have the experience of risk in the sense of what the universe can dish out, assisted or not, send so many into epic levels of hysterics ….

    Zomgod I can’t consume to give me pleasure and affirmation in life whilst distinguishing myself above all the maladjusted people in life, I was born or gifted to rise above all the rest and if’n thats not on the books its some e’vbal force stopping me.

    From my old L.A. good days … J!idhdwine ….. I want a Porsche …..

    • Hey Skippy, thoughts?

      “Lerner recalls his exchange with Keynes as follows:
      I asked why we should have to worry about that: if you give people enough money they will spend
      more and then there will be enough spending; there’s no need for any depression if you’re prepared to
      give them more money. So he asked where would you get the extra money and I didn’t say, ‘the
      printing press’. I said you could borrow it. He said, you mean the national debt will keep on growing,
      and I said yes. ‘What would happen?’ I said – nothing. So we talked for a moment and he said: ‘No,
      that’s humbug … the national debt can’t keep on growing’. … [T]hat was the end of his discussion”

      “Hansen remembers Abba saying at one point, ‘Why don’t you forget all this stuff like deficit
      finance and everything, and just print money?’ After he looked around and saw that no reporters were
      there, Keynes said, ‘It’s the art of statesmanship to tell lies, but they must be plausible lies”

      • See Sars below …. aka inflation hysteria was a capital notion during the neoliberal period deflation [money] was the predominate issue, only thing that propped up was gimmes to the wealth set E.g. IS-LM with a side of NAIRU bakes this in – See U.S. and U.K. et al now.

        BTW don’t conflict monetary realities out of context, poor form.

      • Sigh inflation is demand exceeding supply of which qty of money can be an issue, not that distribution is in question, see cars and art et al, but seems you think destruction of money with fix a political issue.

      • I just thought it was worth highlighting (but not surprising) that Keynes so clearly rejected MMT before it was even MMT.

        • And Keynes was a monetarist back in his early days, until he wasn’t, same as Arrow was a marginalist till its flaws was pointed out to him and his mind moved.

          BTW reject is not to be confused with refuted.

    • Isnt living in Goulburn shame enough? Can’t imagine anyone worth exposing lives in Goulburn. I’m pretty happy with the 20k worth of fines they’re getting. As for northern beaches, kick all of em out and make it housing commission, that’ll learn those rich carnts

          • When I was a kid I used to work weekends and school holidays with my old man concreting. Terry & his brother (I think) had a concrete pump at the time and I remember Terry’s brother swang a thick steel concrete pipe around and smashed him square in the head – would have knocked anyone else out. He just looked up and said “watch out” and kept working.
            Those were the days when players had jobs and kept it real.

          • Mining BoganMEMBER

            Wests and Newtown always had hard teams. You wonder what they’d think of Sydney today, especially blokes like Dallas Donnely and Steve Bowden.

            Donnelly who took on your mate Randall drowned while surfing. Epileptic fit in the surf and was only early thirties. Poor sod.

  21. Next MB do – Harry: “Fight Fight Fight!”.

    Also Harry: *crawls under seats to exit*

        • boomengineeringMEMBER

          [email protected],
          full vid second attempt above.
          When I first came to Sydney by myself 1970 was at the Big Bear in Neutral Bay and an official asked me to join citing you will go places, straight to the top etc. Glad I wasn’t interested as have had enough knocks on the head since without adding to it. Little did he know I wouldn’t have made the grade as I run like a duck.

    • Trying to wrap my head around it. Have been expecting it but it’s weird to see it actually happen

    • RSI and BB%B On the week are extremely high now, pretty much at 2017 peak. You would usually see at least a 30% pullback from here but you never know with bitcoin. I have to keep adjusting my crazy level to 11

    • FUDINTHENUDMEMBER

      Haha what the hell. Mental. The only FOMO buy I’ve ever made that became a 10 bagger 😂

    • migtronixMEMBER

      “Police have busted more than 150 partygoers gathered inside a disused military bunker in Sydney’s east.”

      So you weren’t invited to that one either huh? Sad.

      news.com.au/national/nsw-act/crime/huge-secret-rave-shut-down-by-cops-over-covid-breaches/news-story/b3911b8380eb8c68586a419dcd54d104

      • Charles MartinMEMBER

        The number of comments went from 407 to 398. Looks like some got modded.

        There is a whole load of comment this weekend – Members and Non Members – which is all about ‘I am’ and ‘I do’ and ‘You are’ and ‘You do’ which then descends into ‘You are’ (either stated or implied) – Most of it is pretty lacklustre. Large slabs of it have just been binned. If you need to post such rubbish stop and think about why. If you want to sit around slagging people off all day long without making some sort of point beyond someone else being a diminished person in comparison with (eg. you) do so somewhere else.

        For all your spam management queries [email protected] is the way to go

    • Code ErrorMEMBER

      There is a whole load of shysters into Aged care, the same as there is in ‘disability services’ (think the juicy contracts coming out of the NDIS) who are essentially just another variant of the shysters who were running around selling vocational education to semi english speaking migrants circa 10-15 years ago.

      …..and where the shysters end we tend to have very large business – in Aged care particularly – working similar dynamics.

      ……and we encourage Special Investors to exhibit some of the same behaviours

        • GunnamattaMEMBER

          Well they do learn to move on quickly when exposed to public awareness, which leads to them learning to make sure there is little awareness and learn to buy out the media, which is increasingly easily bought out.

          and they do learn to get out of the country and to make sure they have access to a country somewhere else. The people doing it learn.

          We dont

      • The no BS party needs to legislate scum like this out of business and give them a real proper auditing.

        • GunnamattaMEMBER

          Yes completely agree, completely agree we need to rejuvenate efforts to get some sort of political outfit ahead of the next election. we need to sort out some sort of mass hook up of like minded punters.

      • Display NameMEMBER

        Clearly the aged care sector has a lousy governance model or not funded correctly. My understanding is that it was Howard that ushered in privatisation and as a carrot allowed the private run aged care institutions to not have to adhere to the mandated careers to resident ratios.

  22. Question about youth employment:
    After completing 2 weeks “training” My daughter (age 17) was just refused Casual employment when she pointed out that the contract they wanted her to sign was not compliant with Fair work 2009 act, nor was it compliant with the applicable Retail Award. The effect of said noncompliance would have resulted in her receiving below minimum wage. They actually sent her a message saying that they were refusing to follow through on employment, because they believed that her desire to have the contract modified to be compliant with these awards showed that she wasn’t a “team player”

    I’m encouraging her to take the matter to the Fair Work Ombudsman, if only to make them think twice before they present the same contract to the next young girl.
    What do you guys think?
    Should large retail chains be forced to abide by these “Fair work” provisions?
    Should she seek additional damages for such flagrant (Contractual) disregard of Fair work agreements?
    In Australia, Is this matter Class Actionable?

    • Don’t the big retail chains have their own EBAs separate to the awards?

      I’ve learned the best way to do these things is take the job and then challenge afterwards. It sucks but being employed makes the challenge easier and affords you more rights.

      • My daughter didn’t think (at the time) that pointing out the noncompliance was a problem, she just wanted to sign a contract which was compliant, because the point of these contracts is to protect the rights of both the Employer and the Employee. I guess she learned an important lesson
        But that leaves her wondering, what’s the next step.
        It appears (from my reading) that Fair work provisions apply to prospective employees making this a sort of coerced unfair dismissal.

        It would appear that they have their own SDA (whatever that is) but again the contract she was offered is not compliant with this 2010 SDA.

        • happy valleyMEMBER

          Correction: the point of these contracts is to protect the rights and powers of the employer – beginning and end of story?

    • GunnamattaMEMBER

      Well she isnt an employee – so Fair work will not do much.

      That is the way corporate players want the employment relationship, and ‘team player’ means ‘such eggs’ (and worse)

      The big retailers certainly do have Enterprise Agreements which override the Awards…..

      The dynamic your daughter is experiencing is all too common, and is part of the war on employment, employment standards, and particularly permanent employment (as opposed to ‘disposable employment’ – casual employment or contracting) which has been part of larger Australian workplaces for circa 15-20 years.

      • Thanks but I suspect that for the cost of lodging a Fair work complaint ($70 I believe)
        She will gladly pay the money just to force them to turn up to an Arbitration hearing so that she can look them in the eye and can tell the business owners to GF themselves.
        The money just wasn’t that important to her.

      • Well she isnt an employee – so Fair work will not do much.
        So let me understand this
        If she signs this noncompliant contract then she is bound by these terms and conditions
        And if she refuses to sign then the employer has the right to simply withdraw the proposed employment contract
        There’s nothing about this that seems “Fair”
        For me the problem with such a one sided interpretation of the law, is that it forces those with a grievance to seek other means of redress.
        In the old days BC (before cameras) bricks and rocks were a popular way to level the playing field although my favorite was always squishy fresh dog s*it.

        • boomengineeringMEMBER

          Always amazed at how easy these companies get to legally underpay the workers.
          1/ put the first job teenager on staff.
          2/ make them a manager.
          3/ set wage per week not per hr
          4/ teenager proud to tell parents a manager
          5/ parents boast about manager child.
          6/ work the kid double the hrs for weekly contract
          7/ no one rocks the boat
          8/ effectively working for less than half award hourly rate with all parties happy to do so.

        • GunnamattaMEMBER

          I am actually wrong there.

          They will potentially look at it. I sussed out the laws (they have changed marginally since I was in the game – I used to run technical arguments along the lines of ‘you do not have jurisdiction here your honour’ all the time)

          The basic guidance is here

          https://www.fairwork.gov.au/how-we-will-help/templates-and-guides/fact-sheets/rights-and-obligations/workplace-discrimination

          What is adverse action?
          Adverse action can include action that is unlawful if it is taken for a discriminatory reason. The Fair Work Act 2009 (FW Act) describes a number of adverse actions.

          Adverse action taken by an employer includes doing, threatening or organising any of the following:

          dismissing an employee
          injuring an employee in their employment
          altering an employee’s position to their detriment
          discriminating between one employee and other employees
          refusing to employ a prospective employee
          discriminating against a prospective employee on the terms and conditions in the offer of employment.

          let me dig up some recent case law

          • Yes “Adverse action” was exactly the point that my daughter found, which she believed applied in her case.
            But as you point out the first step is to avoid having the case dismissed for Jurisdictional issues.

    • Take it to the FWO. It looks as if qualifies as a form of wage theft. The FWO will call back and discuss the issue and if the 2 week period is contracted, it will take it on.
      A mate has a similar case which because of non compliance is going to court.

      • Thanks for the feedback,
        It is somewhat sad to hear that this behaviour appears to be systemic in Australia

  23. I shouldn’t listen to the tranny.

    1. Heard on ABC Grandstand that the bin chicken may have just wrangled a magnificent victory over the canetoads. From Sydney almost losing the third test to it possibly also gaining the fourth test as apparently the Indians don’t want to have to go into quarantine when they go to Brissie (nothing to do with Australia not having lost a test at the Gabba in over 30 years).

    2. heard on the same radio show some goose from the local olympics admin say that he was “extremely confident” the Tokyo event would go ahead. When it was noted that Tokyo recorded over a thousands new cases last Friday, said goose replied that yeah but unlike the Nipponese the Europeans and North Amercians are very good at getting outbreaks quickly under control…..Alternative fact much?

    3. Speaking of the bin chicken, is she originally from far north Qld or what?! Yesterday for the first time ever I listened to her speak and at the end of every sentence she delivered a high rising intonation. (though not the tell-tale “ay”). Sounded quite whiney and unsure of herself.

    • GunnamattaMEMBER

      at the risk of seeming completely tin foil hat I am wondering just how under control things are here….

      Victoria looks disturbing too

      • They were certainly pretty busy people- covered a lot of ground with potentially huge number of contacts.
        I’m with you.
        Time will tell, but doesn’t look easy to control.
        Conversation with a senior executive in large aged care chain- they are getting ready to lock it all down again. Might be a pessimistic view, but that’s what they are doing.

      • Mining BoganMEMBER

        NSW has a lot more sites than that, they only list sites where there are unknown exposures. If they think they’ve got it covered they don’t reveal where or when.

        Makes it look like less spread that way.

      • That picture is disturbing.
        It will take another 4-5 days for NYE infections to become clear and THEN they will hold the test…
        I have a bad feeling about this.

      • I think Vic will be ok, only location where people actually caught it from was the black rock cafe. All others are close contact and not caught in public, all linked.

        NSW on the other hand with bottle shop workers serving thousands of people while infectious may be in a lot of trouble.

  24. Bushfire at one end, cyclone the other, bunch of plague in the sorta middle, simultaneous droughts and floods, a bunch of other things I’m forgetting – how good is Straya?

    I’ve got quite a pessimistic outlook for this summer. 2011 was hectic here in SEQ, not keen to repeat it. Maybe reusa is right and my fears are getting on top of me. Ah well.

    • I read the other day that if someone sells apple shares at a 10c discount then 1 point something $billion of perceived wealth evaporates.

    • The market must have become more bullish on bitcoins future earnings. Can’t wait to see those earnings.

  25. https://www.theguardian.com/commentisfree/2021/jan/03/cancel-culture-is-not-the-preserve-of-the-left-just-ask-our-historians
    “the words of John le Carré have been shared endlessly on social media. One quote in particular has gained traction. “Nationalism,” he once said, is “quite different from patriotism. For nationalism you need enemies.” The new enemies paraded before the gallows of these new culture wars are to be our fellow citizens, our cultural institutions and even aspects of our own history.”