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The Australian Independent Media Network Saturday, January 22, 2022 - 14:33 Source

By Denis Bright   When Australia was the land of hope, our best political leaders could inspire the electorate with occasional commitments to longer-term community welfare and peaceful international relations. The federation era prior to 1914 brought real debate about the best priorities for the new social market. Even during the wartime emergency, Curtin and later…

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Your Democracy Saturday, January 22, 2022 - 11:22 Source

partyparty

The senior Tory said these dark arts tactics had “intimidated” backbenchers and broke the law.

His astonishing tirade - made in Parliament - poured yet more petrol on the raging civil war engulfing the Tory Party.

But Boris came out swinging against the claim, insisting he had “seen no evidence” to support the allegation.

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The Australian Independent Media Network Saturday, January 22, 2022 - 11:02 Source

In February last year, Andrew Wilkie introduced a Private Members Bill, seconded by Zali Steggall, calling for an end to the immoral, illegal, and extremely expensive practice of indefinite and arbitrary immigration detention. In presenting the Bill, Wilkie drew attention to the staggering cost of this irrational cruelty. It costs approximately $346,000 to hold someone…

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Your Democracy Saturday, January 22, 2022 - 10:32 Source

hunthuntEXCLUSIVE: Morrison and Hunt's tricky denial of RAT requisitions

 

As Australians struggle to access RATs tests, Greg Hunt and Scott Morrison have publicly denied allegations of stockpiling. Michelle Pini and David Donovan report.

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THE BLOT REPORT Saturday, January 22, 2022 - 07:43 Source

I first became aware of this some hours after it happened, and I find it hard to fathom what was going through Morrison’s mind, such as it is, when responding to a question from a journalist. At a press conference, said journalist asked Morrison what he thought about “the man that’s been charged over the death of the missing nine-year old girl”. Strangely, Morrison said he had been following the case ‘privately’ and, in response to the question, said: “I can‘t imagine what the parents and their community have been going through. And I – look, you know, hope for the best and pray for it but it doesn‘t always occur.

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Your Democracy Saturday, January 22, 2022 - 06:23 Source

demondemon

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Your Democracy Saturday, January 22, 2022 - 06:14 Source

simpsonssimpsons

“The Simpsons” predicted in 2007 that government would become so inept they’d need to enlist the help of actor Tom Hanks to gain back credibility, and the Biden administration appears to be doing just that.

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The Australian Independent Media Network Saturday, January 22, 2022 - 06:00 Source

Diary No 6, Saturday, January 22 2022 1 When lying comes back to torment you, you cannot just tell another to make the first one go away. Last week in familiar fashion, our Prime Minister, in answer to a question, said that those held in detention in Australia for eight, maybe 10, years had not been…

The post There’s a sense of disbelief at Morrison’s ignorance, lying, arrogance and supposed Christianity appeared first on The AIM Network.

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George Monbiot Friday, January 21, 2022 - 23:52 Source

Powerful evidence suggests that fishing fleets are deliberately dumping their used nets and lines at sea, threatening the complete collapse of marine ecosystems.

By George Monbiot, published in the Guardian 19th January 2022

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MacroBusiness Friday, January 21, 2022 - 20:53 Source

‘Tritons’ Rupert Bunny, 1890, Art Gallery of NSW     Macro & Markets Fed may run fast on long road to normal balance sheet – Reuters Great disconnect: The world may not be ready for looming economic trouble – Ninefax, El-Erian The Oil Market Is At The Whim Of Geopolitical Disputes – OilPrice Why the

The post Weekend Links 22-23 January 2022 appeared first on MacroBusiness.

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MacroBusiness Friday, January 21, 2022 - 16:30 Source

Stocks are tanking across the region in response to the late and disconcerting selloff on Wall Street overnight which is likely to continue as major companies like Netflix continue to miss their earnings. The USD remains very strong against most of the majors, with the Australian dollar pushed back below the 72 handle while safe

The post Macro Afternoon appeared first on MacroBusiness.

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MacroBusiness Friday, January 21, 2022 - 14:45 Source

JPM with the note on what’s irking stocks. In short, mid-cycle adjustment to earnings and the Fed. That is the if the latter does push so hard that this ends the cycle… US: Stocks closed on closed at/near their lows, reversing almost 3%. This follows yesterday’s behavior of a ~2% reversal. USD reversed higher with

The post Stocks tank appeared first on MacroBusiness.

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Renew Economy Friday, January 21, 2022 - 14:45 Source

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MacroBusiness Friday, January 21, 2022 - 14:30 Source

Military parade, Red Square with Kremlin in the background, May 2020.  Once upon a time photos just like this were essential for any discussion of Russian military risk.  After a hiatus, they are back. The Backdrop – January 2022 The world has stepped back in time.  It is 1970s all over again.  Last week in

The post Putin plays for history as Eurasia stamps the flames appeared first on MacroBusiness.

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Renew Economy Friday, January 21, 2022 - 14:30 Source

 HySTRA).

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Renew Economy Friday, January 21, 2022 - 14:08 Source

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MacroBusiness Friday, January 21, 2022 - 14:00 Source

During the past four decades in which home ownership among Australians aged 25-34 has sunk from around 60% to 45%, home ownership among the same age group in Singapore has climbed from around 60% to 88%. There’s a good chance that’s because Singapore is doing something right. What Singapore has that Australia does not is a public

The post Australia should look to Singapore to fix housing crisis appeared first on MacroBusiness.

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Renew Economy Friday, January 21, 2022 - 13:53 Source

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The Australian Independent Media Network Friday, January 21, 2022 - 13:42 Source

The polymerase chain reaction (PCR) test has been the mainstay of COVID-19 testing. But reliance upon such a regime, which requires the administration of middlingly competent personnel at appropriate testing sites, has caused its fair share of global disruption.   The dreaded queue, where one waits for hours only to be possibly turned away for…

The post Surrender, Accommodation and RATs appeared first on The AIM Network.

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MacroBusiness Friday, January 21, 2022 - 13:30 Source

The Beijing Olympic Committee (BOC) has warned that protests by athletes at the upcoming Winter Olympics that breach China’s restrictions on freedom of speech would be liable under Chinese law. Yang Shu from the BOC contends that the politicisation of sports is contrary to the Olympics Charter, while any behaviour that is against the “Olympic

The post Beijing threatens protesting Olympians with “certain punishment” appeared first on MacroBusiness.

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Your Democracy Friday, January 21, 2022 - 13:18 Source

swatswat

Federal police have launched an investigation into the price-gouging of rapid antigen tests.

A specialist taskforce has been set up by the AFP, after investigations began in NSW and Queensland following referrals from the consumer watchdog.

Retailers caught price-gouging on the tests have been warned they will face five years in prison.

 

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MacroBusiness Friday, January 21, 2022 - 13:00 Source

Late last year, the Western Australia Government became the first jurisdiction in Australia to mandate third vaccine shots for more than one million eligible workers who are required to “receive a third dose within one month of becoming eligible”. Yesterday, Victorian Premier Daniel Andrews indicated that all Australian jurisdictions would soon mandate third shots: Mr

The post Get set for booster vaccine mandates appeared first on MacroBusiness.

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MacroBusiness Friday, January 21, 2022 - 12:30 Source

Sales of new detached houses is at levels previously only observed when there is direct government stimulus, according to new home sales data from the Housing Industry Association: “Sales of new detached homes increased by a further 11.3 per cent in December,” stated HIA Economist Tom Devitt. The HIA New Home Sales report – a

The post Pandemic drives “super cycle” of housing demand appeared first on MacroBusiness.

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MacroBusiness Friday, January 21, 2022 - 12:00 Source

Surely only in Australia parliamentary pig’s trough could this happen: Google says they’re trying to stop Clive Palmer’s United Australia Party from posting misinformation — paying to advertise it, on the other hand, seems to be a different story. During a parliamentary inquiry into online safety, Google Australia’s Lucinda Longcroft told MP Tim Watts the mega-company “do not seek to profit” from misinformation, as SMH

The post UAP drags Google into the pig’s trough appeared first on MacroBusiness.

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Renew Economy Friday, January 21, 2022 - 11:47 Source

 Supplied).

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Renew Economy Friday, January 21, 2022 - 11:41 Source

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MacroBusiness Friday, January 21, 2022 - 11:30 Source

The attitude in markets is all one-way: China’s central bank set its strongest reference rate for the yuan in three years in a sign it’s loosening its grip on the currency amid a relentless rally. The People’s Bank of China set the reference rate at 6.3485 per dollar, the strongest since May 2018, similar to

The post What is holding up the yuan? appeared first on MacroBusiness.

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Your Democracy Friday, January 21, 2022 - 11:22 Source

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MacroBusiness Friday, January 21, 2022 - 11:00 Source

From the always excellent Jeremy Grantham at GMO: Executive Summary All 2-sigma equity bubbles in developed countries have broken back to trend. But before they did, a handful went on to become superbubbles of 3-sigma or greater: in the U.S. in 1929 and 2000 and in Japan in 1989. There were also superbubbles in housing

The post Grantham: Superbubble about to burst appeared first on MacroBusiness.

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xkcd.com Friday, January 21, 2022 - 11:00 Source

Current (water) running through the water (wires) causes it to boil, increasing the pressure (voltage), but resisting (impeding) the flow of hydroelectricity (water currents). This is the basis for Ohm's law.

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