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Scummo has a problem

And it is this. Australia is buggered. It is at the tail end of a thirty year boom that has been on life support for the past eight years, kept alive only by running mass immigration into an economy bulging with over supply and under supply in all the wrong places. The labour market is

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MSM slams pimping of Chinese international students

Yesterday the MSM finally tore the scab off the international students wound MB has been picking at for years. The driver was a CIS report that made plain what MB readers have long known, that Aussie uni’s have whored themselves horribly to Chinese international students, via The Australian: Universities are “taking massive fin­ancial risks” through over­exposure to

19

Trump prepares more tax cuts

Because the last batch just two years ago worked so well, at Politico: In public, President Donald Trump and top White House officials keep extolling the strength of the U.S. economy. In private, they’re increasingly worrying about a global economic slowdown triggering a U.S. recession — and weighing options to shore up the economy ahead

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“Generational bargain is at breaking point”

More from Kate Griffiths and Danielle Wood at the Grattan Institute. Via the ABC: Each generation of Australians has enjoyed a better standard of living than the one that came before it. But today’s young Australians are in danger of falling behind. A new Grattan Institute report, Generation gap: ensuring a fair go for younger Australians, reveals

20

Health insurance doom loop accelerates

Via the ABC: The percentage of Australians with basic hospital cover has dropped to its lowest level in more than a decade, as almost 30,000 people dumped their policies in just three months. The latest Australian Prudential Regulation Authority (APRA) data shows health premiums are still rising faster than wages, and out-of-pocket costs are continuing

32

Labor still confused as hell about why it lost

Via The Australian: A confidential submission to the party’s post-election review from the Labor Environment ­Action Network, obtained by The Australian, expresses “anger and disappointment”, and also “grief”, over the party’s failure to win what was expected to be an unlosable election. The submission is brutal about policy, political and leadership failures. “Labor was unable

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Are Chinese international students morphing into insurgents?

From Communist Party of China’s foreign ministry late yesterday: “It is totally understandable and reasonable for Chinese students and other Chinese citizens overseas to express indignation and opposition against such words and deeds that attempt to separate China and smear its image’” “Second, we also hope overseas Chinese can express their patriotism and protect themselves from

24

Four Corners: Dodgy apartments absolutely everywhere

Via New Daily: Australia’s apartment sector is reaping the costs of a “poorly oversighted industry with a lack of competence and, in some cases, a lack of integrity”, says the author of a landmark report into Australia’s building industry. Bronwyn Weir has told an ABC Four Corners special investigation into the apartment construction industry that “commercial imperatives have really

43

Grattan: War on youth intensifying

Via Grattan: Today’s young Australians are in danger of being the first generation in memory to have lower living standards than their parents’ generation. Older Australians today spend more and have higher incomes and greater wealth than older Australians three decades ago. But living standards have improved far less for younger Australians. The wealth of households

33

Sack Pyne

This is simply corruption, at the New Daily: Christopher Pyne opened negotiations over a lucrative defence consultancy while he was still serving as defence minister in Scott Morrison’s cabinet. The revelations are outlined in a submission to a parliamentary inquirylodged by his new employer EY Consulting on Tuesday. Mr Pyne has previously been cleared of any

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ScoMo’s visa system privatisation will Swiss cheese borders

Michael West has done a terrific job today exposing the vested interests behind the Morrison Government’s privatisation of Australia’s visa system: Despite the myriad failures of privatisation, not least the disastrous sale of the nation’s energy networks which has delivered dazzling profits to foreign multinationals at the expense of every citizen in this country, the

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Nearly half of Aussies living paycheck to paycheck

The latest ME Bank six monthly survey of financial comfort, released this week, revealed that cost of living pressures remain by far the biggest concern amongst Australian households, with 40% claiming they are living paycheck to paycheck: 31% of households that indicated that their financial situation had worsened over the past year, there was a

12

Desperate developers puke massive incentives for dud apartments

As stalled developments hulk across Australia’s east coast amid the surge in completions: The AFR reports that desperate developers are offering incentives of up to $90,000 in order to clear their apartment backlog: Commission payments of between $30,000 and $90,000 – plus extra incentives for multiple sales – are being offered by developers to buyers’

31

Coalition, Labor back away from a “Big Australia”

Yesterday’s dire Infrastructure Australia audit, which warned of growing infrastructure bottlenecks and rising costs across roads, rail, schools, electricity and water as Australia’s population balloons to a projected to 31.4 million people by 2031, has finally prompted both major parties to question their bipartisan support for mass immigration and a ‘Big Australia’. The Morrison Government has announced

20

ScoMo MP linked to Communist Party of China

She’ll be right. Via the ABC: Ties linking new Federal Liberal MP Gladys Liu to a secretive international influence arm of the Chinese Government have been uncovered by the ABC. Ms Liu, who made history after becoming the first Chinese-Australian woman to gain a seat in the Lower House, was appointed honorary chairman of a Hong Kong-based

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Let Australia’s international student market collapse

Robert Gottliebsen has rung the alarm that Australia’s international student trade risks falling over if Chinese international students stop arriving in record numbers: Universities are funded by taking in foreign students who pay full fees. Many of these students come from China. Chinese universities have adapted their courses to fit the modern world… In other

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Angry Aussie instant Communist hero

He’s not fan of freedom if it delays his travels: “You are angry because your flight is cancelled.” One stranded Australian tourist got into an argument with protesters at Hong Kong airport, saying they supported independence and that police should crack down harder. It didn’t go well for him. https://t.co/7TryMbHrEW pic.twitter.com/x7dIuNQ5ot — 𝕛𝕒𝕞𝕖𝕤 𝕘𝕣𝕚𝕗𝕗𝕚𝕥𝕙𝕤 🇭🇰🏴󠁧󠁢󠁷󠁬󠁳󠁿

20

What does the HEM decision mean?

Via Martin North: The key question now is will the banks revert to their previous practices of doing little to validate household spending patterns as part of the mortgage assessment processes. Some are already saying “buy now” with renewed vigour. The Royal Commission revealed last year that some lenders ignored household expense data favouring the

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ABC Q&A blames victim of Chinese international student thugs

Via News comes ABC Q&A at new lows: Appearing on Q&A on Monday night, UQ philosophy student Drew Pavlou told the panel he had been assaulted by a “co-ordinated group of thugs” after helping to organise the protest on July 24. [Tony Jones said]…”To be clear, there have been reports you also were sending some pretty inflammatory