Category

Australian Economy

14
Apr
2018
0

Energy Policy Becoming Critical

In last Thursday’s Commentary I argued that there are serious problems with the outline of the National Energy Guarantee scheme given by Energy Minister Frydenberg in an article published in The Australian (see Frydenberg on NEG). These included the incorrect claim that the Energy Security Board is independent; the claim that NEG would restore faith in the electricity market when in fact it’s main operative conditions would be stipulated by the government; and the consequent false claim that it would be based on engineering and economics.
10
Apr
2018
0

Turnbull & Policy Issues Here & O’Seas

Today’s Australian runs a Letters section titled “Newspoll is not all bad news for the Prime Minister”. Indeed! Even though it includes eight leadership quality measures showing a quite sharp deterioration in Turnbull’s assessment (see yesterday’s Commentary on web), no Liberal Party MP comes forward to challenge Turnbull (partly because he or she realises the enormous task required to undo his decisions). This suggests we face with another year or so of Turnbullism.
9
Apr
2018
0

Newspoll Shows Turnbull Not Acceptable PM

The 30th Newspoll since Turnbull challenged Abbott and won has confirmed that Labor remains well ahead on a TPP basis (52/48), although this is one percentage point lower for Labor than in March. However, Turnbull’s Better PM test also fell by a fraction (39/38) while Shorten’s was steady on 36, and he also fell on the Best Liberal leader test 30/28. At that level he is only one percentage point ahead of Bishop (28/27). The Coalition underTurnbull has now trailed Labor on two-party-preferred support for 564 days. Julia Gillard’s government trailed the Coalition for 521 consecutive days, Abbott’s government trailed Labor for 493 days while Howard’s longest period trailing Labor was 364 days (see PM has 30 Poll Losses).
1
Apr
2018
0

Cricket, Immigration, Temperatures, Energy Policy

I find it surprising that, so far, only three players have acknowledged involvement in the scrabbling (worse than “tampering”) of the ball in the last South African test match. Any of the Australian bowlers who used the scrabbled ball would surely have immediately realised that they were handling a ball that had been scrabbled. At his (incomplete) press conference, David Warner refused to answer questions about whether other players were involved. Darren Lehmann’s decision to resign without holding a press conference meant he did not have any questions posed but he should have known if some form of forbidden activity was being used. The same applies to the CEO of Cricket Australia, James Sutherland, who, even if he was told there were only three scrabblers, should have left the question open.
28
Mar
2018
0

The Bells are Ringing

Some will remember from their youth US singer Dean Martin singing this catchy tune “The bells are ringing for me and my gal. The birds are singing for me and my gal. Ev'rybody's been knowing to a wedding they're going. And for weeks they've been sewing every Suzie and Sal” With Frank Sinatra, Martin rose to the top before dying of emphanezema in the mid 1990s. Perhaps this fall from the top of his profession was the reason this song was the first one to come into my head when I heard of the appalling behaviour by Smith as captain of Australia’s cricket team in allowing the scrabbling of one side of the ball used in a test match. This has significance beyond cricket. It encourages widespread antagonism to other supposed leaders in Australian society and will make life more difficult for future Australian cricket teams, possibly even extending to other sports played internationally. The announced penalty imposed on only three players for only a year by cricket CEO Sutherland is a weak response that must be changed.
22
Mar
2018
0

Greens Policies & Labor’s Problem in Vic

The Greens leader’s attempt to “explain” his party’s loss of votes in recent elections has led him down a track which could result in his displacement as leader. His response has been to bring back into public debate the extremist view of Greens that climate change causes many of the problems which society faces. On this occasion the problem is bushfires and the alleged failure of the Turnbull government to take sufficient action to reduce CO2 emissions.
16
Mar
2018
0

Minimum Wage & S African Unemployment

Among the many important issues which are at present subject to debate in society and the media, there is an inclination to let pass the determination by the Fair Work Commission of the minimum wage. It has received limited attention partly because the body allocated the job of regulating workplace relations has long determined the minimum and even though its analyses have been poor. The FWC has made decisions which have put Australia’s minimum rate at or very close to the highest in the world (over $36,000 pa). But this has not benefited the less skilled because employers cannot afford to pay such a rate for them. Instead of being employed they go on to welfare or crime.
15
Mar
2018
0

Some Important Policy Announcements

Just announced have been some important policy decisions both here and in the US. The US changes are the most important but Shorten’s proposed changes to restore double taxation are of course most significant too (see Shorten’s Tax Breaks). This shows today’s Letters to the Editor , which include one by former Treasury Head, John Stone and are headed“An attack on hard-working savers and job creators”. I envisage that I will include further comments in due course. As to US developments, as Andrew Bolt points out in the attached (see Bolt on Tillerson Dismissal),
12
Mar
2018
0

Climate Change Debate on Q&A & in The US

The ABC ‘s Q&A program tonight has a panel discussing global warming and Tim Flannery will be on the panel, but apparently with no skeptics. Below Andrew Bolt suggests some questions that might be posed to Flannery. Also below is a report on a public debate which occurred recently in the US between two experts on climate change with different views. Note in particular the different rate of increase in electricity prices between the US state which has a high usage of renewable and the rest of the US.