Australian Politics

12

Businessomics sets about destroying ScoMo

Overreach. It’s always fun to watch. Via the AFR: Prime Minister Scott Morrison has vowed to slash government red tape to unlock investment and opened the door to industrial relations reform, challenging business to make the case for change and to deliver “shared gains” for workers and employers. In his first major domestic policy speech

22

Pentagon launches China containment plan

Via Peter Jennings at ASPI: The United States is rapidly restructuring its military presence in Asia and rethinking how it could fight a major conventional war in the area which the Pentagon has identified as the ‘single most consequential region for America’s future’. This will have important strategic consequences for Australia. The Indo-Pacific strategy report released this

7

Gas cartel is the sovereign risk, not Australia

Via The Australian: Australian energy producers have slammed a move by the Coalition to consider domestic gas reservation, arguing the interventionist measure wouldn’t lower prices for local users but would significantly increase the nation’s sovereign risk profile. …Cooper Energy, which is building the Sole gas project off the Victorian coast, said a reservation policy would

28

Uhlmann: Straya a China pussy

Via Chris Uhlmann comes a rare voice of sanity: What is it that terrifies the people of Hong Kong about the Chinese Communist Party that eludes so many pliant Australian academics, business leaders and ex-politicians? In the same breath, some local cognoscenti lament the Australian government’s weakness in barely mentioning the troubles in the Chinese

4

Rentier media blames states for infrastructure “debt bombs”

Witness the businomics ideology go to work. At The Australian: Debt across Australia’s states will explode by more than $100 billion, as governments boost spending on infrastructure and public servants at the same time their budgets are being sideswiped by weak GST revenue, slowing economic growth and plunging stamp duty revenue. An analysis of this

1

Fiscal bust: Recessionberg hearts surplus as NSW Budget austerity arrives

Ross Gittins wants to see Keynesian stimulus: … any fiscal stimulus is very short run, so as to support the economy before monetary stimulus fully kicks in, thereby minimising the harm done. Remind you of anything? The package of budgetary measures – the cash splashes and shovel-ready capital works – designed mainly by Treasury’s Dr

28

Labor’s China hacks dance on Hong Kong’s grave

What a pack of treasonous arseholes Labor are. Via The Australian: Victorian Premier Daniel Andrews says he is “very proud” to have signed his state up to Chinese President Xi Jinping’s controversial Belt and Road Initiative on trade and investment, despite his West Australian Labor counterpart, Mark McGowan, this week rejecting China’s push for his state

46

Barnaby welcomes his new Chinese overlords

Good on Barnaby Joyce for debating the implications of Hong Kong for Australia at Domain: In its entire post-First Fleet history, Australia has not had to contend with the larger intercontinental political issues in isolation from its cultural and philosophical alliances. We’ve always had a larger, stronger partner. In the future we may have our

79

As HK dies, what is ScoMo’s plan for the Communist Party of China?

Hong Kong is in its last battle for survival, via Bloomberg: Hong Kong braced for rare strikes and further protests amid an escalating standoff over a controversial bill that would allow extraditions to mainland China. Local companies said they would suspend work or allow flexible office hours on Wednesday to accommodate workers planning to demonstrate

36

LNP senator: ScoMo a China groveler

Nasty criticism about the Chinese naval visit to Sydney Harbour to celebrate the Tienanmen massacre from within ScoMo’s own party today. By Senator Concetta Fierravanti-Wells at The Australian: The decision to approve the visit to coincide with the 30th anniversary of the Tiananmen Square massacre was not only insensitive but demonstrates that Beijing can dictate terms and

21

Denmark’s real labour party wins election

Via The Guardian: Voters appear to have returned the third left-leaning government in a year to the Nordic region as Denmark’s Social Democrats claimed victory in parliamentary elections with 25.9% of the vote. The centre-left party finished clear of the centre-right Liberals of outgoing prime minister Lars Løkke Rasmussen, who improved on their 2015 score

36

Labor set to dump negative gearing reforms?

Ah yes, the Australian Labor Party, via The Australian: Labor’s new Treasury spokesman, Jim Chalmers, has signalled a ­decisive break with the past five years of economic policy under Bill Shorten, identifying the need to develop greater controls on spending and wind back high-­taxing measures ahead of the next election. In an interview with The

56

Labor screwed as ScoMo occupies immigration centre

I have underestimated Mr ScoMo, via Domain: In his first interview since being elevated to cabinet, the Minister for Population, Alan Tudge, said immigration had played a key part in the May 18 federal election result – with outer suburban areas in Melbourne, Sydney and Brisbane backing the Coalition to deliver fewer migrants and increased

39

Quexit zigs and Labor zags

There is no saving these dills, via Domain: Labor’s home affairs spokeswoman, Kristina Keneally, says she will advocate the economic importance of immigration in a sign the Opposition is willing to make the case for a bigger Australia as it considers its post-election policy platform. Senator Keneally has entered shadow cabinet as Labor’s spokeswoman on

12

Aussie officials urge UK not to pull a second Singapore

Via Domain: The Australian government and senior intelligence officials have urged Britain to ban Chinese technology giant Huawei from a role in building new ultra-fast mobile networks, arguing the western alliance of intelligence-sharing partners should have a consistent position. Multiple well-placed sources confirmed Australian officials have taken action on several fronts to impress on their

66

Labor is committing immigration suicide

Via Dr Andy Marks, assistant vice-chancellor at Western Sydney University: The most troubling result for Labor occurred in its once safe harbour, western Sydney, where the swing against it was about 3.5 per cent – nearly triple the national average…A new vein of voter sentiment is emerging in Sydney’s west and even south. In Banks and Reid,

35

Labor’s new and improved economics team

Via the AFR: Labor’s economic team is to be gutted in a post-election shake-out that shifts Chris Bowen to a non-financial portfolio and dumps shadow assistant treasurer Andrew Leigh from the frontbench altogether because he lacks factional support. Shadow finance minister Jim Chalmers is the firm favourite to replace Mr Bowen as shadow treasurer. Mr