Am I living in a police state? On Tuesday the Australian Federal Police raided the home of News Corp journalist Annika Smethurst. On Wednesday it was the turn of journalists in the Sydney offices of the ABC.
Articles from En Passant
Two things happened on Tuesday that caught my attention.
The first was the decision of the Reserve Bank of Australia to cut the cash rate by 25 basis points or 0.25%, from 1.50% to 1.25%.
According to the RBA, the cash rate is ‘the overnight money market interest rate.’ It is essentially the rate the RBA lends at in the overnight money market.
Every year Rugby League has its state of Origin. Queensland plays New South Wales for 3 games over the mid-season. They are intensively competitive games, watched by millions. They are often the best rugby league contests locally or internationally.
I know. The idea of Corbyn leading the Australian Labor Party is ridiculous. For a start, he is a British MP. Second, he has his hands full leading the British Labour Party, on the way to possibly becoming Prime Minister in the near future.
But of course, you know the reason why I have framed the question the way I have. After the election disaster on Saturday, Labor’s leader Bill Shorten resigned the leadership. Where is Labor’s Jeremy Corbyn?
The Coalition has retained government. At the time of writing it has 74 seats, Labor has 66 and various independents and minor parties, including a Green, hold another 6.
Five seats are in doubt with 4 potentially going to the Coalition. This would give it 78 seats in the new Parliament, enough to provide a Speaker and still have a majority.
And so the last day of electioneering and voting has arrived. Thank the gods the 5 weeks of lies, rubbish, obfuscation and vagueness have finished.
Here is a list of seats to keep an eye on. It is based on the latest aggregated odds of 7 bookmakers fielding on the result and taken from information in the Australian Financial Review. Aaron Patrick in today’s Fin says:
‘Betting on seven commercial [betting] markets predicted Labor would win 83 and the Coalition 60 seats.’
Of course, a Labor government will make a difference to the industrial landscape. Its minor industrial law changes, plus the abolition of the Australian Building and Construction Commission, are welcome. But like much of Labor’s program, they do not go far enough.