1. Adani’s problems mount
The IEEFA has issued a warning that Contracting with Adani Australia entails counterparty risks.
They say self funding is basically impossible, because Adani Enterprises Ltd (AEL) does not have the capacity to fund it. Adani Mining is already carrying $1.8 billion of debt in Australia. The project would require the coal market to stay robust for decades. Tim Buckley:
Continue reading Weekly salon 21/8
1. How does ScoMo intend to face up to parliament?
You will recall that back in December ScoMo closed parliament and scarpered rather than face up to a bill promoted by Kerryn Phelps on setting some rules which would see doctors’ assessments of health matters being taken seriously in relation to medical evacuations from Nauru and Manus Island.
Continue reading Weekly salon 1/2
In recent times we have had a number of polls in which the Australian people have shown good sense, though not all the time, as we shall see. However, the politics we deserve better than the politics we get.
The latest Essential Report has found that support for same-sex marriage is now at 61-32 in favour, with Labor voters almost as positive as the Greens. Whether you go to church or not does seem to make a difference. The more people go to church the less positive they are.
Of those who voted, 64% say they voted ‘yes’, as against 30% ‘no’ and 6% prefer not to say. Continue reading We deserve better
1. Finished with sex, it’s time for reason
There are articles at the SMH, at the ABC, but the best was in the AFR (pay-walled).
The Australian Sex Party is being closed down to make way for the new Reason Party, in good time for the next federal election. Continue reading Saturday salon 26/8
1. Electric shock
The big story in Australian politics this week was the shocking state of the political debate on electricity. Giles Parkinson says, when you thought it couldn’t get any dumber, it did.
‘People will die due to renewables’, said Turnbull government MP Craig Kelly.
Commentators who don’t understand the grid should butt out of the battery debate, said Ketan Joshi, a communications consultant for the renewable energy industry. Continue reading Saturday salon 15/7
The dominant media narrative has been that the voters continue to desert the main parties, especially the LNP, in droves, mainly to One Nation. Reality is a bit more complex, and recent polls have thrown up other interesting results, like 64% of people overall, and 56% of LNP voters, support a royal commission into banking.
Let’s look at Newspoll first, where Labor has opened up a yawning two-party preferred gap of 55-45, up from 54-46:
Continue reading Poll stuff: the redhead on the surge
According to Newspoll if an election were held on 6 February this year, Labor would have 85 seats, the LNP 60 and there would be five others:
As Michelle Grattan said, the seventh loss in a row, and the worst since Turnbull became PM. Something happened last September, and it’s been looking uglier for Turnbull ever since. Continue reading Poll stuff: politics as usual resumes in 2017
He’s 90, she’s 88. On July 25, 2016 Centrelink sent them a letter demanding that they pay back $22,239.82 each in excess pension payments. They were given 28 days to pay from the date of the letter. If they didn’t they would lose the pension, it would be put in the hands of a debt collector and interest added. In addition they would no longer have access to cancer drugs, costing $2,000 a month. Continue reading Centrelink fail: Ashgrove pensioners billed for $45,000
1. The rich have become gods
According to the latest Oxfam report, the top 1% now own more than the rest of us. In fact, just 62 people own as much wealth as the poorer half of the world’s population. The rich have become like gods. Marx said:
Money is the supreme good, therefore its possessor is good.
Continue reading Saturday salon 21/1
1. Trump’s Plan B, was it Plan A?
It’s generally agreed, I think, that the moderator won the third presidential debate, with Hillary Clinton coming second.
Trump may not have lost, however, because there is talk that Trump may launch himself into the TV business, where no doubt nothing but the truth will be told.
There has been talk about it at Vanity Fair back in June. There was talk at Huffington Post a few days ago. Now it’s in The Economist. Continue reading Saturday salon 22/10
1. Australian managers are second rate
Martin Parkinson, head of the PM’s department, told CEDA what we need to do to become truly innovative.
What caught my eye was what he said about Australian management in manufacturing:
“We are well below top performers like the United States, Germany, Sweden, Japan and Canada, but more similar to France, Italy and the United Kingdom. Continue reading Saturday salon 15/10