Trump looks unstoppable. In South Carolina he scored 32.5% to Rubio’s 22.5 and Cruz’s 22.3. The rest were in single figures and Jeb Busch dropped out. Never has anyone spent so much to achieve so little in preselection politics as Jeb did.
In Nevada Trump aced them with 45.9% ahead of Rubio with 23.9 and Cruz with 21.4.
It’s been simmering below the surface for weeks, but has now burst forth. A plan to rid the Senate of the pesky cross bench and make government safe for the major parties.
Lenore Taylor was onto it last Friday. The LNP government have plotted with the Greens and Nick Xenophon to change the senate voting system, presumably to their advantage. I suspect the real winner may be Xenophon, having turned himself into a party and able to pull from left and right. He may end up controlling the balance of power in the senate no matter who wins the Reps. Certainly the micro parties are up for the chop. Continue reading A July election to clear out the unrepresentative swill?→
There are a few things we need to bear in mind when discussing the effects of proposed changes to negative gearing.
According to the AFR median weekly incomes in Sydney have increased by 17 per cent in the past eight years, while house prices have nearly doubled from $546,000 to more than $1 million. In Melbourne over the past six years median incomes have increased by 10 per cent while house prices have risen by 70 per cent, from $442,000 to $749,999. Prices are high and are due for a correction. Continue reading Negative gearing→
1. Morrison muffs his lines and Turnbull in trouble
Laura Tingle talking to Phillip Adams gave Scott Morrison 3 out of 10 for his speech to the National Press Club. We were promised vision and leadership when they turfed out Tony, now it looks like tinkering at the edges.
The key tentative finding of the SA Nuclear Fuel Cycle Royal Commission is:
Taking account of future demand and anticipated costs of nuclear power under the existing electricity market structure, it would not be commercially viable to generate electricity from a nuclear power plant in South Australia in the foreseeable future.
However they think nuclear power may be necessary in the future to meet emission reduction targets, so:
It would be wise to plan now to ensure that nuclear power would be available should it be required.
Kate Carnell, wearing her Australian Chamber of Commerce and Industry hat, recently called for budget cuts to what it calls “runaway spending” on the aged pension, family tax benefits and childcare, lest we become an economic basket case like Greece. It contained this little gem:
The Powerwall is a 7 kilowatt hour (kWh) lithium-ion-battery system that stores electricity generated from rooftop solar panels (or PV panels) during the day so that electricity can be used at night during the peak-usage times.