1. The inequality paradox
A New Scientist article by cognitive scientist Mark Sheskin of Yale University (pay-walled) says we should aspire to ‘fair inequality’ rather than ‘equality’ or ‘unfair inequality’, and most people would be happy with that.
He’s saying if you force people to choose between complete equality and high levels of inequality, most choose the latter. Given an open choice, however, people will choose moderate inequality. Continue reading Saturday salon 21/4
I did not get my full post on the NEG (National Energy Guarantee) finished last night, so it will have to await the COAG meeting today.
Commentators seem to think the NEG will get an amber light from the states. The main problem is that in terms of emissions reduction the NEG has been evaluated as worse than doing nothing by Reputex. To the world it will look like it is – Australia keeping up appearances while putting the mockers on renewable energy and giving coal the best chance ever to keep wrecking the planet. Continue reading NEG: the plan to do less than nothing
When Malcolm Turnbull became Prime Minister, Chinese media outlets gave him the nickname Tang Bao, which sounds like his surname and means sweet dumpling, according to Lisa Murray in the AFR. Yet the dumpling has turned sour as relations with China are assessed as worse than they were since the Tienanmen Square incident
On Saturday 9 December last year Turnbull stood in a leafy garden and let fly:
Historians may come to mark that day as a turning point, when Australia’s future was put into play, ending later during Bill Shorten’s period as PM with Australia declaring neutrality in relation to both China and the USA. Continue reading China matters: Turnbull puts Australia’s future in play
1. “Eat, drink, and be merry, for tomorrow we die”
Two problems here. The first is that the above quotation is not found in the bible or Shakespeare, it’s a conflation of Ecclesiastes 8:15 and Isaiah 22:13, plus you could throw in Luke 12:19.
The second problem is more serious. It’s true – kind of. Comprehensive research has shown that if you drink more than five drinks a week every extra glass of wine ‘will shorten your life by 30 minutes’. Continue reading Saturday salon 14/4
CEO Andrew Vesey has advised that AGL are ordering the equipment they need to convert Liddell’s turbines to “synchronous condensers” to fim up solar and wind energy. AGL’s plan for a clean energy hub to replace Liddell is going ahead, according to Ben Potter in the AFR.
Beyond tha,t the same edition of the AFR has an article explaining the conundrum of the Liddell fight, making particular reference to what the advice from AEMO (the Australian Energy Market Operator) actually said. This issue was raised in the comments thread of the post Energy crisis? What energy crisis? AEMO boss Audrey Zibelman took exception to an article Malcolm Turnbull’s bid to flog Liddell to Alinta ill-advised: AEMO. Continue reading AGL doubles down on Liddell plan
We are all going to be thinking more about China for the rest of our lives, for better or for worse. Apart from trade we were most recently startled by the notion that China may be about to build a military base in Vanuatu. Fairfax announced that China eyes Vanuatu military base in plan with global ramifications. A day later we had Chinese military base in Pacific would be of ‘great concern’, Turnbull tells Vanuatu. Followed rapidly by denials by China and Vanuatu, both of which were a bit cranky over the suggestion.
However, China is building a cruise ship terminal near a new international airport it is funding, together with a new official residence for Prime Minister Charlot Salwai as well as other government buildings. Then there was a 1000-seat convention centre, a major sports stadium, and a $14 million school that will be reportedly the biggest education facility in the South Pacific. Early last year, Beijing donated 14 military vehicles to Vanuatu.
Vanuatu is becoming vulnerable to the “debt-trap strategy” that has left a number of countries swimming in debt Continue reading China matters: Vanuatu
1. Turnbull faces the music on Newspoll
Malcolm Turnbull got an unexpected surprise when Fairfax-Ipsos cheekily inserted a poll to gazump Newspoll by a few days. It had good news for Turnbull. By the usual method of allocating preferences according to flows at the last election the LNP was behind 48-52 TPP. However, when preferences were allocated as those polled indicated they would vote, the result was 50-50.
However Poll Bludger points out that the sample was only 1146, instead of the usual 1400. Continue reading Saturday salon 7/4
About a month ago Meridian Australia’s CEO Ed McManus said that while the electricity market can turn on a dime, stability had returned to the market and the trend looks good. They had just concluded a swag of hydro, wind and solar power deals which will deliver cheaper electricity than the company could buy in the wholesale market. So their retail arm Powershop was offering a 5 per cent price cut to consumers.
Continue reading Energy crisis? What energy crisis?
1. Coached to cheat!
No I’m not talking about cricket, I’m talking about rugby league, highlighted by a match between the Melbourne Storm and the Cronulla Sharks where 33 penalties were blown, and Cameron Smith, captain of the Storm, Queensland and Australia was binned for 10 minutes for dissent. I didn’t see it, but I understand Smith made very clear that he did not think he should go.
The fact is that teams had been coached to cheat for years. The NRL had reached the point where they either had to enforce the rules or change them. Players were not standing up before they played the ball, then simply rolling it between their legs. The defending players, back the mandatory 10 metres, were taking off before the ball had cleared the ruck.
If everyone played by the rules, the game would look cleaner, tidier, and would be more open. However, players had been coached to ignore the referees, who typically gave a couple of penalties, then put the whistle in their pocket. The public called for consistency. Now they are getting it, some don’t like it. However, if the referees give in now, then we may as well give up on the rules. Continue reading Saturday salon 1/4
On the 4th of July in 1776 with the Declaration of Independence the thirteen American colonies then at war with the Kingdom of Great Britain—New Hampshire, Massachusetts Bay, Rhode Island and Providence Plantations, Connecticut, New York, New Jersey, Pennsylvania, Maryland, Delaware, Virginia, North Carolina, South Carolina, and Georgia— announced that they would now regard themselves as thirteen independent sovereign states no longer under British rule.
It was a very brave thing to do, because there were very few guns in the colonies and they had no significant gun industry. Yet the American War of Independence (1775-1783) was won and with it the American gun industry was born. ABC RN’s Rear Vision program recently took a look at the origins of the American gun industry (transcript available) with some erudite published authors and scholars. Continue reading The rise and rise of American gun culture
Trump has ordered tariffs of up to 25% on about $60 billion worth of goods imported from China annually.
China has responded with tariffs on around $3 billion worth of goods, selected to cause maximum political pain for Trump. So what does it all mean? Reverberations have echoed around the world, so $34 billion was wiped off the value of Australian ASX listed companies in one day. Continue reading Saturday salon 24/3
Phillip Coorey, one of the better Canberra journalists, has laid out in plain terms how Labor won Batman. This post is based on his article but is not confined to it.
One reason, says Coorey, is that her campaign targetted voters who had been turned off Labor by her two predecessors, Labor machine men David Feeney and Martin Ferguson. Continue reading How Labor won Batman