Those pushing for a China reset for Australia have no idea what they are doing: China is pursuing a sweeping regional economic security deal with Pacific nations that would dramatically expand its influence and reach into those countries, in a pact that has western countries and some Pacific leaders deeply worried. The wide-ranging deal lays
This is now reaching proportions of madness reserved for Banana Republics like Venezuela. The east coast Australian gas price is $35Gj, $4Gj higher than the same Aussie gas is being sold to China. The sheer lunacy of this has shaken even the trickle-down wankers at the AFR: The first signs of the price surge feeding
Anybody hoping for sensible policies from our teal independents should be taken aback by Independent Teal for Wentworth, Allegra Spender, who penned a contradictory article in The AFR preaching environmental “sustainability” while simultaneously calling for a big increase in immigration: Government must provide a clear pathway to sustainability. My priority will be to work with
The press is all dewy-eyed about this but is it good strategy? China should dump its tariffs on Australian exports if it is serious about mending relations with Canberra, Prime Minister Anthony Albanese has suggested, as he reassured the region a change of government in Australia should not be mistaken for a change in the nation’s resolve
POTUS has his head up his ass: President Joe Biden has said the US would intervene militarily if China were to invade Taiwan, in one of the most forceful and overt statements in support of Taiwan in decades. Mr Biden made the comment on Monday during his first visit to Japan since taking office, and
Sydney University polling expert Professor Simon Jackman says the performance of pollsters has been “pretty good” in 2022, after getting the outcome of the 2019 federal election wrong. All major national published polls correctly predicted a Labor victory, and their two-party preferred projections were close to the actual voting patterns. Labor has received around 52%
Labor may need to negotiate with teal independents if it wants to fulfil its pledge of legislating for a national anti-corruption commission by the end of 2022. The teal independents have stated their support for a robust bill put forward by independent MP Helen Haines. Her model for a national integrity commission is based on
The angles on this revolutionary election are everywhere: Greens in QLD. TPP on its deathbed. Rise of the people power independents. Labor won with 33% of the vote. Money politics wiped out. Liberal Party decimation and looming annihilation. City versus country. Chinese electorates and the national interest. So on and so forth. But, only a
I realise that everybody is probably sick of reading about the election, but I want to give my brief thoughts. Scott Morrison has delivered for Labor. Not just by losing the election, but also by surrendering all traditional Liberal values. He has cost the Liberal Party its bedrock support base and has bulldozed the party
The angles on this election are endless and will take time to settle. All I want to add today is the basic relief that Australia has rejected the bottom of the barrel. The Morrison Government was, by any objective measure, a disgrace. It had no behavioral standards, was the most corrupt in modern times, had
Yesterday evening, former Labor leader and shadow minister for the NDIS and government services, Bill Shorten, admitted that Australia’s stunning jobs market – the best in generations – has been driven by the collapse in immigration over the pandemic: Rafael Epstein: We do have a remarkable number today: the lowest unemployment rate since 1974… Do
Some history of bear markets and recessions from Goldman. —- A recession is not inevitable, but clients constantly ask what to expect from equities in the event of a recession. Our economists estimate a 35% probability that the US economy will enter a recession during the next two years and believe the yield curve is
IPSOS: Excluding undecided voters, Labor’s primary vote has fallen two points to 36 per cent, while the Coalition’s first preferences have jumped three points from 32 per cent to 35 per cent. The Greens are on 13 per cent, One Nation 5 per cent, the United Australia Party 3 per cent and others and independents
Is Labor or the Coalition a better bet for the economy? Fundamentally, the two major political parties share an outlook on the Australian economy. Both prefer a mass immigration-driven economy to the traditional model of advancing productivity. This economic model delivers headline GDP growth, which politicians love to claim is their doing. However, under the bonnet
Prime Minister Scott Morrison yesterday attacked Labor for claiming that the Coalition’s policy to allow first home buyers to borrow up to 40% of superannuation to purchase their first home would “blow up the housing market”: [Morrison] took a swipe at Labor’s criticism of the policy, saying the party had “lost touch completely” after it
What kind of hogwash is this leading the AFR? The $500 billion a year economic benefit the oil and gas industry provides to Australia could be at risk if an incoming government is taken over by “misguided” politics, the new chairman of the industry lobby group has warned. “It would be an awful shame to
An open letter from 31 judges today demands a new parliamentary integrity body: Damn right. The Coalition and Scott Morrison in particular have been a disaster for corruption: But, hey, the land of the Rum Corps loves a bit graft.
There is always a late swing to the incumbent government as undecided voters stick with the devil they know. Today it arrives. Resolve: When voters were asked to name the parties that would receive their preferences, the results showed Labor held a lead of 51 to 49 per cent in two-party terms, a significant narrowing
On Sunday, the Morrison Government announced that if reelected, it would allow first home buyers to borrow up to 40% of superannuation to purchase their first home, capped at up to $50,000 (see yesterday’s article). Under the policy, first home buyers would need to have $125,000 in their superannuation account in order to withdraw the
Roy Morgan’s last opinion poll before this weekend’s federal shows that Labor is poised to take government with a swing of 4.5%, However, the race has tightened: The ALP’s lead over the L-NP has been cut to 6% points as early voting began last week but it still holds a clear election winning lead before
Anthony Albanese is upset that Labor was not consulted about AUKUS until 24 hours before it was announced even though the Biden administration demanded bipartisan support given the long horizons for the deal: Prime Minister Scott Morrison has denied that Australia broke with the Biden Administration when it decided not to consult Labor about its
Prosper Australia has released its 2022 Federal election scorecard, which compares their policy platforms against the major Lib/Lab duopoly. Prosper’s scorecard covers the following key areas of policy, ranked in order of importance: Tax reform – Here we are looking for policy that shifts economic activity from unproductive rent seeking. We are looking for tax
The marvelous constituents of Goldstein are on the verge of one of the great acts of tough love in Australian political history: Leaked internal Liberal Party polling has confirmed the worst fears for Treasurer Josh Frydenberg and his high-profile colleague Tim Wilson, just days before they face voters. Obtained exclusively by 10 News First, the
PM Scott Morrison cheated in the last debate: A curious screenshot was sent to Diary at 9.12pm on Wednesday, as the final showdown between Scott Morrison and Anthony Albanese was starting. The reliable Liberal source claimed it was a list of the debate questions, which had been leaked to the Prime Minister’s office earlier that
If you want to understand just how biased the Australian MSM is these days then look no further than the last week of political coverage. All of last week we heard uncritically of how inflationary would be a simple pay rise matching inflation for low income workers. That is, not even a real pay rise, just
