Banks royal commission becomes an election issue

Is Bill Shorten a populist with a thought bubble, or is Malcolm Turnbull shooting from the hip and attempting to defend the indefensible?

Last year in June Labor voted with the government to kill a Greens motion for a royal commission into misconduct in the banking and financial services industry. As Adele Ferguson said in the AFR, then came NAB, IOOF, CommInsure, allegations of bank bill swap rate rigging and a multitude of smaller scandals.

Labor announced last Friday that in government it would set up a royal commission.

The government claims a RC would damage the reputation of the banks, but Ferguson says it couldn’t get any worse. Continue reading Banks royal commission becomes an election issue

Coral reef resilience

reef_200Recently we took a look at the most recent coral bleaching event in Great Barrier Reef will never be the same. John D subsequently sent me a link to an article Obituaries for coral reefs may be premature, study finds by John Pandolfi, Professor, School of Biological Sciences, at The University of Queensland.

So I thought we should take a closer look. Continue reading Coral reef resilience