Monday Forum: August 20, 2018

This entry was posted in Open Forum. Bookmark the permalink.

1,408 Responses to Monday Forum: August 20, 2018

1 2 3 6
  1. Elle

    Good morning, Carp.
    On Q&A tonight – Five fiction writers discuss why they write about Australia. Should be interesting.

  2. Zulu Kilo Two Alpha

    Morning, all.

  3. Senile Old Guy

    Turnbull is gone; it is only a matter of time.

    Mr Turnbull’s case will not be helped by a horror Fairfax/Ipsos poll released overnight, which showed support for the government plunging. In its worst result since early last year and it would result in the government losing more than 20 seats at a general election. According to the poll, the Coalition’s primary vote has dropped from 39 to 33 in just one month, and Labor now leads 55-45 on the two-party preferred measure. Mr Turnbull’s support as preferred prime minister dived from 57 to 48, with Bill Shorten’s rating improving by six points to 36 per cent.

    Turnbull has zero achievements as PM and has face planted again with his appalling NEG, letting the ALP see it before his government. A decent opposition leader would have had him gutted by now. As for the Liberals, it is no longer about retaining government; it is about saving seats.

  4. Speedbox

    All is not well for Mal. Accusations, denials, phone calls, meetings in quiet corners, counting……

    Meanwhile, the rest of us, as one chorus say “for the love of God, GO”.

  5. John Constantine

    RES resgen announce that it is hard to get money to go mining in South Africa these days.

    https://www.asx.com.au/asxpdf/20180820/pdf/43xggx60mchvq6.pdf

  6. Rafe Champion

    Demons find how to play 4 quarters.

  7. Confused Old Misfit

    “Trucking companies ordered 52,400 Class 8 trucks, the big rigs used for regional and long-haul routes, according to a preliminary report from ACT Research. That is nearly triple the orders from last year, when fleets ordered 18,726 trucks, and a 24% jump from June’s orders,” the Wall Street Journal reported.

    Golly Gosh Gee! I wonder why???

  8. Gab

    Have the Three Stooges had their presser yet?

  9. Jo Smyth

    Turnbull stages another dramatic retreat. So what, if he survives, his NEG will be implemented one way or another. He is on a crusade. He and Lucy have been planning it for years. He and his ego will never understand he and his left wing ideology don’t belong in the Liberal Party.

  10. Speedbox

    ……it is no longer about retaining government; it is about saving seats.

    Yes, on current polling, Libs would lose over 20 and whilst that would virtually guarantee two terms for Shorten, it is probably for the best – presuming “our” Trump will emerge from the ashes.

  11. C.L.

    My Lord, the optics.
    Weak Turnbull unable to front up without Scotty and Joshy holding his hand.
    Bizarre.

  12. C.L.

    “So, so, so so, can I just say, OK, OK …”

    – Malcolm Turnbull

  13. C.L.

    All three of these jerks are lying about why electricity has become unaffordable.

  14. Snoopy

    Mal looks like he’s about to burst into tears.

  15. Speedbox

    COM – I was reading the other day that both short haul and long haul truck drivers in the US are in very short supply. No truck driver who wants to work can fail to find work. Plenty of positions available.

  16. Yes, on current polling, Libs would lose over 20 …

    They will lose more than 30.
    It is just a matter of who they appoint to bear one of the greatest election losses in history.
    N.B. The ALP usually chooses a woman when they about to take a hammering.

    You heard it here first.

  17. stackja

    TA has upset MT? Easy done.

  18. H B Bear

    “So, so, so so, can I just say, OK, OK …”
    – Malcolm Turnbull

    The great communicator.

  19. C.L.

    Abbott wins.
    Turnbull looks broken.

  20. Snoopy

    A 26% reduction in CO2 emissions will reduce electricity prices. A 45% reduction will increase prices.

    Somewhere between these two reduction targets must be the sweet spot. What is it Mal?

  21. H B Bear

    It is just a matter of who they appoint to bear one of the greatest election losses in history.
    N.B. The ALP usually chooses a woman when they about to take a hammering.

    Perhaps The Performing Stick Insect is the right choice? It would be a fitting reward for The Loyal Deputy.

  22. stackja

    incoherent rambler
    #2793919, posted on August 20, 2018 at 10:26 am

    Which woman wants to be PM for a day?

  23. min

    Malcolm speaking now promising his aim is to get prices of energy down. Never mentions that it cannot be done whilst lowering emissions.

  24. None

    Cassie thanks for your reply on the other thread I’m just trying to see if I can find the presser currently uderway. Briegly : yes he should have been out spruiking and Hockey was a waste of space but I always said that; Abbott was trying to govern for everybody not just for his face which is actually as a p.m. should do and he was desperately trying to testore some dignity to the office which had been totally trashed by Rudd and Gillard. I had no issue with the Knighthood. It was fitting. Gillard had turned our highest Civic honour into a joke by awarding it to a man who doesn’t live here anymore and once advocated for bestiality. Please also note how republicans love the trappings of Regal office. Quentin fell over herself to accept her damehood and not a few lawyers retain the QC instead of SC. Hypocritical s***s. Now vack to the three stooges.

  25. stackja

    C.L.
    #2793922, posted on August 20, 2018 at 10:29 am
    Abbott wins.
    Turnbull looks broken.

    MT thought it would be easy?

  26. None

    Snoopy

    #2793924, posted on August 20, 2018 at 10:30 am

    tee hee

  27. None

    Cassie thanks for your reply on the other thread I’m just trying to see if I can find visuaks the presser currently underway. Briefly : yes he should have been out spruiking and Hockey was a waste of space but I always said that; Abbott was trying to govern for everybody not just for his face which is actually as a p.m. should do and he was desperately trying to testore some dignity to the office which had been totally trashed by Rudd and Gillard. I had no issue with the Knighthood. It was fitting. Gillard had turned our highest Civic honour into a joke by awarding it to a man who doesn’t live here anymore and once advocated for bea stia lity. Please also note how republicans love the trappings of Regal office. Quentin fell over herself to accept her damehood and not a few lawyers retain the QC instead of SC. Hypocritical s***s. Now back to the three stooges.

  28. Snoopy

    Huge backflip from Mal. Now we’re all gonna fry. Thanks a lot you bastard.

  29. Peter Castieau

    G’Day all!

    loving the leadership talk…..

  30. Confused Old Misfit

    Speedbox
    #2793918, posted on August 20, 2018 at 10:25 am
    I’ve read perhaps the same article. My God! Just think of the spin offs! Training the roughly 30K extra drivers needed will involve what? Maybe another 90K people of whom probably less than half exist as we speak.
    And we are burdened with politicians who Tut, Tut the Yanks and will do almost anything to avoid being seen to emulate success.

  31. None

    I don’t have visuals – tell me does Malcolm have that pained smile on his face? I hope he is as broken aa broken can be. He’s heading towards 70 and he still lacks an ounce of self awareness.

  32. stackja

    ALP promises emission controls. If LNP promises no emission controls?

  33. Baldrick

    35th Battalion A.I.F

    Dun, Percy Muir (1894–1971)
    The 35th Battalion went into the Armentières sector and, in the winter of 1916-17, gained valuable experience in raiding and patrolling. Dun’s first major action was the battle of Messines in June 1917; badly wounded, he did not resume duty until 30 September and for gallantry at Messines was awarded the Military Medal and promoted sergeant in October. He was again wounded on 12 October in the 2nd battle of Passchendaele.
    After resuming duty on 8 November Dun was commissioned second lieutenant and transferred to the 38th Battalion; he was serving with this unit when he won the Military Cross for gallantry in a raid on enemy trenches. The citation stated that he had ‘led his men with great dash and determination, killing the crew of a machine gun and capturing the gun’. On 2 April 1918 he was promoted lieutenant and transferred back to the 35th Battalion. He served at Villers-Bretonneux in April, at Morlancourt in May and in the battle of Amiens in August. Though wounded on 8 August he remained on duty. Three weeks later, during the Battalion’s attack on Curlu, he ‘led his men splendidly through dense fog and on two occasions headed a charge against machine guns, capturing the guns and some forty prisoners’. His ‘determined courage cheered his men and was largely instrumental in getting them forward’. Of this action a battalion sergeant stated: ‘Lieutenant Dun really deserved the V.C.; his men would follow him anywhere’. He was awarded a Bar to his Military Cross but he had been wounded, for the fourth time, at Curlu and saw no further active service.

  34. None

    G’day Peter. We are too. Although truthfully Australia is stuffed.

  35. Confused Old Misfit

    A 26% reduction in CO2 emissions will reduce electricity prices. A 45% reduction will increase prices.

    Either will destroy agriculture. The first slowly, the latter rapidly. If achieved globally it would be the end of civilization.

  36. Baldrick

    Malcolm signals his support for Abbott’s energy policy …

    Jane Norman ✔ @janeenorman
    The Prime Minister doesn’t want to test the numbers in Parliament, so he’s ditching plans to legislate an emissions reduction target. This is a circuit-breaker some backbenchers were hoping for.

  37. C.L.

    Worst drought in a century and the prime minister’s doing a presser on something called the MEG.
    Nobody in the country knows what the hell he’s talking about.

  38. stackja

    Diogenes
    #2793942, posted on August 20, 2018 at 10:38 am
    The pressser
    http://parlview.aph.gov.au/mediaPlayer.php?videoID=411826

    Thank you.

  39. None

    As I said on the other thread you’re going to have to blast Turnbull out of office. Just or DT’s front page- love it.

  40. Confused Old Misfit

    The Prime Minister doesn’t want to test the numbers in Parliament, so he’s ditching plans to legislate an emissions reduction target.

    Regulate it instead?

  41. lotocoti

    It would be a fitting reward for The Loyal Deputy.

    You’ve been busted pulling a Fraser Anning with your der treue Heinrich allusion.

  42. None

    Turnbull has just conceded that he doesn’t even have a 100% party support. Or rather that his own party will vote against his legislation.

  43. Baldrick

    Stop the press …

    Sky News Australia ✔ @SkyNewsAust
    @TurnbullMalcolm: “Our energy policy remains the same, but we are not going to present a Bill into the House of Representatives until we have the support.”

    The Stupid.Fucking.Liberals are going to support this?

  44. Stimpson J. Cat

    Can the women please be civil and levelheaded on this thread thanks in advance.
    Asking for a friend.
    😁

  45. Leigh Lowe

    Sky reporting that the Paris Scam Agreement is in Trumble’s waste-paper basket.
    What’s the story?

  46. H B Bear

    So Lord Waffleworth, the political Black Knight, limps towards electoral oblivion with his herd of bedwetting lemmings. So what does he do with this now? Take this policy to an election when he cannot even get it through his own partyroom while trying to run a scare campaign on Peanut Head’s 45%?

    Waffles never does anything without making his position worse. Truly Gillardian.

  47. Stimpson J. Cat

    Look I love Tony, but he needs to utterly destroy the Liberal Party for the good of the country.
    Anything less is unacceptable, because of him we have Malignant Malcolm, it’s not OK.

  48. None

    Some women, Stimps.
    Basically Turnbull with Scomo putting the nail in, admitted that members of his own party would vote against that legislation and in a house with one seat majority, the level of support he had (“overwhelming majority”) was not enough. It’s like Turnbull conceded his members can cross the floor at will any time they like (which os sort of true for the Libs. The back benches don’t lose endorsement if they cross the floor. Unlike Labor). If Shorten doesn’t run with this admission of weakness and demolish Turnbull then he’s pretty thick.

  49. Senile Old Guy

    Sky News Australia ✔ @SkyNewsAust
    @TurnbullMalcolm: “Our energy policy remains the same, but we are not going to present a Bill into the House of Representatives until we have the support.”

    This means that some LNPs in the Representatives would vote against the NEG. So much for Team Turnbull.

  50. H B Bear

    A corpse swinging in the breeze waiting for someone to cut it down.

  51. None

    I think we’re all universally agreed that the Liberals need to be utterly destroyed. We just gotta make sure we don’t destroy all of Australia in the process.

  52. Infidel Tiger

    Has anyone checked in on Miranda Devine during this stressful time?

  53. Confused Old Misfit

    Sky News Australia ✔ @SkyNewsAust
    @TurnbullMalcolm: “Our energy policy remains the same, but we are not going to present a Bill into the House of Representatives until we have the support.”

    Put his nuts (if you can find them) in the wringer and crank that handle until the policy pops out!

  54. Infidel Tiger

    Was it 3 or 4 weeks ago we were being told Shorten was on the ropes and Malmentum would deliver a famous victory?

  55. Death Giraffe

    None
    #2793954, posted on August 20, 2018 at 10:45 am
    Turnbull has just conceded that he doesn’t even have a 100% party support. Or rather that his own party will vote against his legislation.

    ..
    Watch the presser link above.
    Watch the expression on the Termite’s face as he says: “In a parliament with a one seat majority”.
    He is laughing inside.
    They can’t dump him.

  56. H B Bear

    If only the Turnbull Coalition Team election winning machine wasn’t so successful it was left with a one seat majority. Eh, Chrissy?

  57. None

    LoL IT.
    Miranda’s about to write her next column explaining just how brilliant that presser was. See Malcolm’s a conservative after all/listens to the plebs/bends over backwards/stupid delcons. She’s just gotta fellate his deflated ego first.

  58. Dr Faustus

    So, if I understand it correctly, Turnbull’s NEG now contains:

    – No legislated, or regulated emissions target;
    – A “reference price” set by the ACCC to somehow force electricity retailers to do something to reduce prices – presumably by shame;
    – “significant new powers so as the ACCC can step in where there has been abuse or misuse of market power” – which powers are already there, but rarely used.

    So, a hefty of a kick in the balls for “the experts” who designed the original NEG.
    Where to now for ‘certainty’ and the $550 cut to my electricity bill?

    The Smartest Man in the Press Conference has turned the ball over to Goblin Shorten.

  59. H B Bear

    Was it 3 or 4 weeks ago we were being told Shorten was on the ropes and Malmentum would deliver a famous victory?

    When you’ve got cancer suddenly herpes doesn’t look so bad.

  60. v_maet

    Eagerly awaiting a post by LNP Insider.

  61. Some History

    ‘I’m Back’ – Farage Returns to Frontline to Fight Establishment’s Brexit ‘Sell-Out’
    Nigel Farage has announced his return to frontline politics with a campaign to defeat Theresa May’s “cowardly” Brexit plans stop a political elite who “think nothing of betraying the citizens of Britain”.

    https://www.breitbart.com/london/2018/08/18/im-back-farage-returns-to-frontline-to-fight-establishments-brexit-sell-out/

  62. Mother Lode

    The Stupid.Fucking.Liberals are going to support this?

    The fathead’s pride and stubbornness could actually be useful.

    If he makes compromises and backs down sufficiently then the flaccid polyps in the party will be grateful he has given them a way out from making a stand.

    It is like keeping water hot, but just shy of boiling. Mal drops the heat just enough and the whole foetid stew keeps going.

    If he can’t back down enough, the very reluctant, but even more frightened, polyps may feel there is no way out of booting him.

    Most important part of this entire dynamic is recognising that they are dreadful, weak, insipid, self-serving people who always want kind words from the same people they have nothing but contempt for.

  63. Gab

    Can the women please be civil and levelheaded on this thread thanks in advance.

    Will do 😘😘

  64. Geriatric Mayfly

    This Global Warming hoax is like one of those pit traps set to catch whatever falls in. How many of our political worthies have now been engulfed? Some have escaped only to become suckers again.

  65. H B Bear

    She’s just gotta fellate his deflated ego first.

    Pump him up a bit. That’s why it’s called a bl0w job.

  66. None

    Ha could be DG.
    They have to blow him out of the water as I said. And they won’t. Team Lemming wiill follow him off the cliff. On the other hand it is interesting that Dutton didn’t flank him at that presser. If that was Turnbull’s move you can bet your bottom dollar Turmbull will need to be carried out. If Dutton instead had an excuse then you know it’s on.

  67. Lysander

    Eagerly awaiting a post by LNP Insider.

    Yup; the only reason I checked in today.

  68. John Constantine

    The Big Neg.

    Their Andrews Nazgul occupying yarragrad just smashed turnbullites with the chicom panel giveaway.

    A billion dollars to not generate electricity and not a blow landed on ’em.

    Corruption in Australia, everyone has a share in the Great syndicate.

    Comrades.

  69. Stimpson J. Cat

    Will do 😘😘

    Thanks Gab.

    I don’t want have to post the following from now on every time a woman on the thread goes off:

    Shots Fired!!!

  70. Lysander

    Shorten should go to the GG and say he doesn’t believe Mao has the majority support of the House.

    We all know this is true.

  71. H B Bear

    Victoriastani batt installers should be emerging from bankruptcy around now. Time to get some solar panel installer stickers, a new ute on HP and do it all again.

  72. None

    The thing is even if Turnbull will not present his legislation at this time it is still party policy according to him so in other words out electricity bills will continue to rise and they will rise further after the next election should Turnbull win because he’s more or less made it an election issue now, and they will rise should labour win as a matter of certainty.

  73. zyconoclast

    Gender Confusion: A Tool of the Left

    The Democratic Party has gone off the deep end in many more ways than just pushing socialism. One sign is the fanatical embrace of identity politics, which has become the hallmark of the Party of Obama (POO). Look at Vermont. There, the Democrats’ primary race for governor was won by Christine Hallquist.

    What is unusual is that Hallquist calls himself a “transgender woman.” To put it more accurately and without any politically correct gloss, Hallquist is a male pretending to be a woman. His pretending isn’t all that convincing, as evidenced by this YouTube clip from Time magazine.

    It’s worth a minute’s time to see Hallquist to connect a face and a voice to the name and see what the Democrats are pushing.

    Yes, Hallquist is a man in spite of any superficial changes he has made to his appearance. The chromosomes of the cells in his body haven’t changed, and he can’t erase the fact that he fathered three children when he was known as David Hallquist. Now, it is one thing for an individual to assert himself to be a woman and to act the part. There are always oddities. However, it is something entirely different for a major political party to put forward such a confused person for a high-level position as governor of a state.

    Does the primary win by Hallquist embarrass the Democrats? Not at all. Rather, it is celebrated within the party, a type of collective virtue-signaling.

    All this could come across as comic relief, but it’s deadly serious stuff. The American mind is being stupefied. For example, right now all across the country, many young college students are reporting to their campuses to be trained as resident assistants or as sometimes called resident assistants (R.A.).

    The duties of a resident assistant can be far-reaching. Part of an R.A.’s training includes being familiar with (and no doubt sensitive to) the various “gender” classifications the students may use. Even relatively small, respectable colleges use over 30 gender classifications. Over 30!

    This is neither a mistake nor an anomaly. Russell Goldman of ABC News did a study of the various gender classifications used by Facebook (link no longer available). He identified 58 gender options at Facebook:

    Good luck in figuring what’s what here. But this list can’t be wrong. It’s being used by Facebook, one of the newly minted Masters of the Cosmos.

    Gender confusion is used as a tool by the left to detach America from common sense. Do that, and then control is easy. The Democratic Party’s nomination of Hallquist is but a symptom, the tip of the iceberg. Given what is going on outside the general public’s view, Hallquist’s nomination is not at all surprising. In fact, it’s a logical extension of years of left-wing indoctrination of the young.

    Here, the left and its political arm, the Democratic Party, are like a nest of termites. In the dark, the termites eat away at the structure of a house. The average homeowner can be totally unaware of the rot growing every hour of every day under his feet – that is, until the once sturdy support beams have innards of sawdust, and the house has to be condemned.

    The cancer of the left has rotted out public education, the media, entertainment, government, religious organizations, the relationship between men and women, and even sports. Everything the left touches, it degrades. The façades are there, but the substance is lacking. Examine the Democratic Party at the national level, and you won’t find a single redeeming feature to it – “zip, zero, nada,” as Rush would say. From matters of economics to morals to patriotism, and even to common sense, the Democrats are woefully wrong on all.

    I sit here and contemplate the things the Democratic Party supports – open borders, socialism, anti-prosperity policies, government lawlessness, raw racial divisiveness, screwball candidates – and can’t imagine a blue wave in November. But then I hear a whispering in my other ear that reminds me of two things. One is the ongoing rot of our institutions by the left. So many come out of school year after year with a head fully of mush…and they vote. The second is the fact that twice, America elected Barack Hussein Obama to the presidency, and the most corrupt and loathsome person in modern politics, Hillary Rodham Clinton, came within a hair’s breadth of winning it in 2016. Frankly, all that still amazes me. It speaks not of the America I know.

    So it is a delicate balance which way things will tip come November. Unless the left and its extension, the Democratic Party, are aggressively confronted on every issue, large and small, from the local level to the national – a Terminix treatment, if you will – America will share the fate of a termite-infested house. These insects have already made great headway in undermining our Republic. They must be stopped before it’s too late.

  74. The Prime Minister doesn’t want to test the numbers in Parliament, so he’s ditching plans to legislate an emissions reduction target.

    Turnbull wants to regulate it instead which is Labor’s policy. It means the Green-left can destroy Australia’s economy even faster, not having to argue a case in parliament for upping the RET.

    The real problem for Turnbull is that the game’s up. The public were fooled for some time that renewables represented good policy with all of that “free energy” touted by the Turnbulls and Rudds of this world. It seemed a no-brainer to the man in the street. A no-brainer indeed. Some years down the track, with Australia having some of the highest energy prices in the world; our energy-intensive industries and the jobs with them closed down and gone to China, and all for no discernible benefit, the public is angry and vengeful.

    The government’s best chance is to ditch Paris, the RET and any foolish notion of pumping water uphill; and immediately offer long term contracts for 24-7 dispatchable base load power. Such action is only possible with a new PM, so Turnbull must go.

  75. None

    Ubique – Turnbull is so clever that when he announced he wanted to regulate instead of legislate two more senators came out saying they reserve the right to oppose that legislation. So he actually increased the opposition within his party from 10 to 12 at least with that announcement. The way I understand it now is that he won’t present’ any legislation to Parliament at all even though he wants to keep it as policy. Meaning he still promising to increase prices and you’re right: we need a change of prime minister.

  76. Gab

    What’s happening with the presser people? Some of us are working and can’t watch it. I rely on the Cat commentary!

  77. Confused Old Misfit

    zyconoclast
    #2793970, posted on August 20, 2018 at 10:57 am
    750 U.S. communities have successfully built their own private internet networks to avoid big telecom monopoly

    NO, NO,NO zyconoclast! Posting that sort of thing on this blog! Really! You ought to be ashamed!

  78. None

    It’s over Gabe and but you can watch a replay at that link that Diogenes posted. Basically Turnbull is not going to present any legislation but it remains party policy. I think that was the outcome.

  79. Habib

    What’s the betting those sitzpinklers stick with the cabinet created, and continue with every single one of the idiot socialist policies they inherited from labor? A split is the only possible option, or those remaining actual liberals deserve the same fate that awaits the rest of the rabble. Is anyone still actually giving these malfeasant, fraudulent cretins money? I would only leave a bag of flaming dogshit on their doorstep if it contained a bouncing betty.

  80. Geriatric Mayfly

    Snowy 2 will save the day. Has it been declaimed with the usual excitement and exaltation as yet?

  81. Elle

    On my best behaviour, Stimpy. 😊

  82. Lysander

    Breaking!

    ABC reporting that LNP President Gary Spence has asked all Qld MPs to withdraw support for Mao!!!

  83. Elle

    Prancing Pyne pontificating – priceless and painful to watch.

  84. Leigh Lowe

    Infidel Tiger
    #2793965, posted on August 20, 2018 at 10:55 am
    Has anyone checked in on Miranda Devine during this stressful time?

    She’s sharing a 5 litre cask of Berri Estate Moselle with Nikki for morning tea.

  85. C.L.

    Gender Confusion: A Tool of the Left

    Great piece. Thanks for posting, Zy.

  86. stackja

    None
    #2793994, posted on August 20, 2018 at 11:18 am
    It’s over Gabe and but you can watch a replay at that link that Diogenes posted. Basically Turnbull is not going to present any legislation but it remains party policy. I think that was the outcome.

    Download available MT appears at 10:49.

  87. hzhousewife

    Prancing Pyne pontificating – priceless and painful to watch.

    Excruciating, as always.
    When will the few stalwart men of the Libs resign and join the Australian Conservatives.
    When will a scientist or two stand up and explain pure physics to the parliament.

  88. C.L.

    Presser finished about 40 minutes ago, Gab.

  89. stackja

    MT suddenly worried electricity price.

  90. Turnbull is displaying the same pigheadedness and political imbecility that he did re the CPRS and republic. This was to be expected all along.

  91. Death Giraffe

    I feel a public duty to warn the Liberals:
    You really shouldn’t dump Abbott and replace him with Turnbull.
    There is every chance Malcolm, being a dilettante, will run dead at the following election, resulting in a one seat majority and a situation where you can’t get rid of the bastard without losing government.
    Am I too late?

  92. None

    Agree Dover. He still thinks he’s the smartest guy in the room.

  93. stackja

    Coalition unrest gains momentum over Prime Minister Malcolm Turnbull’s national energy policy
    SHERADYN HOLDERHEAD, The Daily Telegraph
    10 minutes ago
    Subscriber only

    COALITION unrest on energy policy appears to have gained momentum over the weekend, with more MPs flagging concerns about Malcolm Turnbull’s last-minute changes.

    Sources said the Prime Minister was panicking while Tony Abbott ramped up his attack despite Mr Turnbull agreeing to implement the 26 per cent emissions reduction target by regulation instead of making it law.

    Chair of the energy backbench committee Craig Kelly said he was “still waiting to see the details on NEG 1.0 and now it seems like we have NEG 2.0”.

    “But it sounds like this would allow a future Labor government to increase emissions targets without taking it to the Parliament. If that’s the case it will be a definite no from me,” he said.

    Victorian MP Sarah Henderson said the government needed to hit energy companies with a bigger stick. “We need powers of divestment so that companies which game the system … can be forced to divest assets,” she said.

    A senior moderate conceded there would be no way of making all the dissenters happy because “some of them just want a fight”.

    “It’s not walking away from Paris because that’s just something we can’t do,” the MP said.

  94. John Constantine

    Yarragrad greens announce they want a Victorian bank tax, just like the federal one.

    For fairness and equality and the kids.

  95. Tom

    Lysander, that story you pointed to (“Queensland LNP president Gary Spence urges MPs to topple Malcolm Turnbull for Peter Dutton”) has also just landed at the Paywallian, but, if I click on it, it freezes my laptop. Thank you, Trumble NBN. Everything this clown touches turns to shit.

  96. struth

    Malcom will keep his arse in the seat at all costs to inflict as much UN damage to Australia he can.
    We see this again today.
    While he is there, we are under attack, fullstop.
    He is an enemy of the state and must be terminated.

  97. Speedbox

    COM – There were a couple. One in Fortune, the other on Forbes. But there are lots of articles – there is plenty of talk in newspapers, and other magazines. As you would have seen this ‘problem’ has not suddenly appeared but has been building for a while. One report said that 48,000 drivers are needed NOW and a total of 330,000 by 2024 to account for retiring drivers and future growth. There are a number of reasons but the continuing acceleration of the US economy over the past 18 months or so is unquestionably exacerbating the issue.

    Lucky them (sigh, if only it was us).

  98. John Constantine

    Yarragrad, go to the election offering to tax the banks to give voters free chicom panels.

    I got bank shares and even I hate the banks so much it sounds good.

    If I have to sit through that ducking westpac funeral advert one more time, that is my vote gone green.

    Comrades

  99. mh

    I’m Back’ – Farage Returns to Frontline to Fight Establishment’s Brexit ‘Sell-Out’

    I presume Nigel’s Aussie tour is still going ahead.

  100. A Lurker

    Here, the left and its political arm, the Democratic Party, are like a nest of termites. In the dark, the termites eat away at the structure of a house. The average homeowner can be totally unaware of the rot growing every hour of every day under his feet – that is, until the once sturdy support beams have innards of sawdust, and the house has to be condemned.

    The cancer of the left has rotted out public education, the media, entertainment, government, religious organizations, the relationship between men and women, and even sports. Everything the left touches, it degrades. The façades are there, but the substance is lacking.

    Hey! That’s my analogy. Great minds etc?

  101. Baldrick

    One time Mal-Boosters finally see the light …

    Greenpeace Aus Pac ✔ @GreenpeaceAP
    BREAKING: Turnbull removes all climate change targets from the #NEG. How much more can he flip-flop? Time to dump this entire shambles of a policy
    August 20
    ______
    Greenpeace Aus Pac ✔ @GreenpeaceAP
    Independent modelling shows that more renewable energy equals lower prices. This is critical considering that for many people around the country, high power prices can mean a choice between eating and keeping the lights on. #NEG
    August 10

  102. Senile Old Guy

    Sky: Sky News understands Queensland Liberal National Party President Gary Spence is urging MPs to back Peter Dutton to lead the Coalition. Mr Spence is reportedly warning the 21 Queensland LNP MPs that the party could lose half its seats unless Prime Minister Malcolm Turnbull is deposed.

    https://www.skynews.com.au

    Turnbull is gone.

  103. Confused Old Misfit

    Lucky them (sigh, if only it was us).

    Yeah! Lucky them! Instead we get a bunch of bumbling, intellectually deficient morons who cannot, will not take the most obviously needed steps to give the country energy security. Even with a prime example on display in front of them!

  104. Anthony

    If I may take Wordsworth out of context and place him in the Waffleword’s world:
    No one knows,
    And no one cares,
    When Lucy ceased to be
    She is in her grave
    And oh, the happiness to me.

  105. Gab

    Thanks None and CL. So it was a nothing burger. Just Mal trying to puff out his chest.

  106. zyconoclast

    Gender Is a Construct—Except When It’s Not
    For academic feminists, male and female biology is either interchangeable or immutable, depending on what complaint they need to lodge

  107. Roger

    Turnbull is gone.

    General elections are won or lost in Qld.

  108. stackja

    QUEENSLAND LNP BOSS: BACK DUTTON
    Andrew Bolt, Herald Sun
    10 minutes ago
    And when things change, they change quickly:

    Queensland Liberal National president Gary Spence has privately urged federal MPs to topple Malcolm Turnbull as prime minister and replace him with Peter Dutton.

    Mr Dutton, who holds the Queensland marginal seat of Dickson, is seen by some as the Coalition’s best bet to repel Labor in the battleground state — where the government will defend eight marginal seats at the next election..

    Mr Spence refused to comment when contacted today. However The Australian has established that he has expressed this view privately to some MPs.

  109. stackja

    Queensland LNP president Gary Spence urges MPs to topple Malcolm Turnbull for Peter Dutton

    Oz

    Queensland Liberal National president Gary Spence has privately urged federal MPs to topple Malcolm Turnbull as prime minister and replace him with Peter Dutton.

    Mr Dutton, who holds the Queensland marginal seat of Dickson, is seen by some as the Coalition’s best bet to repel Labor in the battleground state — where the government will defend eight marginal seats at the next election.

    A switch to Mr Dutton could bring other Labor-held seats into play such as the knife-edge Townsville-based seat of Herbert, held by first-term MP Cathy O’Toole, and Kennedy, held since 1993 by crossbencher Bob Katter.

    Mr Spence refused to comment when contacted today. However The Australian has established that he has expressed this view privately to some MPs.

    LNP State President Gary Spence.
    LNP State President Gary Spence.
    Mr Dutton’s seat of Dickson, in Brisbane’s outer north, is held by a margin of 2 per cent, and borders other marginal such as Petrie, Longman and Lilley.

    Other Queensland LNP marginals include seats such as the Rockhampton-based Capricornia, Gladstone-based Flynn, Mackay-based Bonner and Cairns-based Leichhardt. Forde and Bonner, on Brisbane’s south side, are also marginal.

    Mr Dutton’s reputation as a hard-liner could harm the Coalition in other Queensland seats such as inner-city Brisbane, held by Liberal MP Trevor Evans, and Griffith, which Labor’s Terri Butler holds by a 1.4 per cent margin.

    Both Griffith and Ryan, in Brisbane’s inner-north, are coveted by the Queensland Greens, who last year shocked the LNP by defeating shadow treasurer Scott Emerson at last year’s state election.

    Mr Dutton could improve his chances of holding his marginal seat of Dickson if he successfully challenges Malcolm Turnbull, a political expert told The Australian.

    But Paul Williams, a long-time political scientist at Griffith University, said a Queensland coup could potentially hurt the Coalition in other states at the next federal election.

    “It’s not a good place for a man to start his prime ministerial ­career,” Dr Williams said, “(but) if he could seize the leadership of the Liberal Party, that might actually help him (in Dickson).

    Mr Dutton, 47, has already hired former state Liberal director Geoffrey Greene to run his ­campaign in Dickson, where his Labor opponent, former journalist and disabilities advocate Ali France, has been on the hustings for five months.

    Veteran campaigner Geoffrey Greene, a former state Liberal ­director in Queensland and South Australia, is orchestrating Mr Dutton’s defence of Dickson.

    Polling, commissioned by the LNP in Dickson in June, indicates that Mr Dutton would hold the seat by 52 to 48 per cent of the two party-preferred vote.

  110. Roger

    Independent modelling shows that more renewable energy equals lower prices.

    Are they that dumb or are they lying?

  111. Ivan Denisovich

    Examine the Democratic Party at the national level, and you won’t find a single redeeming feature to it – “zip, zero, nada,” as Rush would say. From matters of economics to morals to patriotism, and even to common sense, the Democrats are woefully wrong on all.

    Behold the triumph of the left:

    While many of us in California are well aware that the soft-on-crime policies that Harris helped pass while serving as the district attorney of San Francisco and California attorney general directly contributed to the complete breakdown of one of America’s most beautiful cities, people outside of California are just finding out.

    In the last couple of months, the following headlines have appeared on the widely influential Drudge Report website, “San Francisco ‘Poop Patrol’ to Rid Sidewalks of Human Feces,” “San Francisco Logs 16,000 Feces Complaints in Week,” and “‘Terrified’ San Francisco Tourists Shocked by Aggressive Vagrants, Discarded Needles, Dead Bodies.”………………………………..

    The impact of these disastrous policies has been particularly harsh in Harris’ hometown of San Francisco, where they’ve seen a 24 percent explosion in property crimes from 2016 to 2017, 31,122 car burglaries in 2017 — a rate that is at least four times higher than in Los Angeles, San Diego, San Jose, or Sacramento, and a pathetic 1.6 percent arrest rate.

    When, and if, Kamala Harris decides to run for president of the United States, voters will undoubtedly ask themselves the question, “Do I want the whole country to look like San Francisco?”

    It reads like a Dirty Harry script – minus Dirty Harry. (Not sure about SF voters being duped. Plenty of fellow travellers in that city).

    https://www.dailynews.com/2018/08/15/san-franciscos-decline-could-hurt-kamala-harris-presidential-ambitions/

  112. Rayvic

    “All three of these jerks are lying about why electricity has become unaffordable.”

    It is hypocritical of these three jerks to blame the big power companies for making electricity unaffordable, when government policies encourage them to exploit consumers.

    But then again, the most arrogant of the three jerks is renown for such deceit.

  113. Snoopy

    What did Anthony Bourdain know and when did he know it?

    The Italian actress and director Asia Argento was among the first women in the movie business to publicly accuse the producer Harvey Weinstein of sexual assault. She became a leading figure in the #MeToo movement. Her boyfriend, the culinary television star Anthony Bourdain, eagerly joined the fight.

    But in the months that followed her revelations about Mr. Weinstein last October, Ms. Argento quietly arranged to pay $380,000 to her own accuser: Jimmy Bennett, a young actor and rock musician who said she had sexually assaulted him in a California hotel room years earlier, when he was only two months past his 17th birthday. She was 37. The age of consent in California is 18.

  114. Infidel Tiger 2.0 (Premium Content Subscribers Only)

    Mal is an honourable man who has only ever put the country before self.

    I’m sure he will do what is best.

  115. struth

    When no subsidies “ruinables” were pushed down our throat by government, what was the electricity price?
    What is it now?
    Why is China importing our coal while exporting solar panels?
    Surely they would just keep the solar panels as they boom from not needing to comply with the global socialist UN’s Paris agreement?

  116. Snoopy

    “San Francisco Logs 16,000 Feces Complaints in Week”

    Great headline! Well done that man.

  117. John Constantine

    https://au.news.yahoo.com/inside-melbournes-45m-penthouse-citys-expensive-apartment-000029699.html

    The natural habitat of Homo Davos, the new economic man. All they had to do was transform the financial climate to allow themselves to survive in Melbourne and they could colonise the place.

    “Even the toilets have moved high-tech, installed with $30,000 self-cleaning Japanese Toto toilets, that are heated and provide blow dry and massage features.”

    A life beyond luxury, where the robot crapper wipes your arse for you. Then cleans itself of stains, no small brown woman from a far away place needed to scrub it at all.

    All possible only because of their population Ponzi scheme.

    Comrades.

  118. Confused Old Misfit

    Roger
    #2794035, posted on August 20, 2018 at 11:53 am
    Independent modelling shows that more renewable energy equals lower prices.

    Are they that dumb or are they lying?

    The two are not mutually exclusive! 😉

  119. Roger

    So, a hefty of a kick in the balls for “the experts” who designed the original NEG.

    Kerry Schott and Maladroit go all the way back to Whitlam, Turnbull & Co..

    She’s clearly not learned much along the way.

  120. Leigh Lowe

    Mr Dutton, 47, has already hired former state Liberal director Geoffrey Greene to run his ­campaign in Dickson, where his Labor opponent, former journalist and disabilities advocate Ali France, has been on the hustings for five months.

    Hmmmm.
    47 eh?
    The Trumble boosters on Sky suggesting that, if the Libs are silly enough to dump His Waffleness, they should go for generational change because Dutton “is in his late 50’s”.

  121. Leigh Lowe

    Mal is an honourable man who has only ever put the country before self.

    Who is this selfless Mal you speak of?

  122. stackja

    MT reminds me of:

    Sir Wilfrid: [getting progressively more agitated] The question is, Frau Helm, were you lying then, are you lying now, or are you not in fact a chronic and habitual LIAR!

    Sir Wilfrid: My Lord, may I also remind my learned friend that his witness, by her own admission, has already violated so many oaths that I am surprised the Testament did not LEAP FROM HER HAND when she was sworn here today! I doubt if anything is to be gained by questioning you any further! That will be all, Frau Helm!

  123. Helen

    Roger, watching Bandit on Insiders on Sunday had me in stitches. Yes they are that dumb.

  124. mh

    Swamp creature and former FBI bigwig Philip Mudd has another public meltdown.

  125. Lysander

    Turnbull is gone.

    I’ll only believe all of this talk and speculation once the Doomlord dedicates a thread to it.

  126. Snoopy

    in Dickson, where his Labor opponent, former journalist and disabilities advocate Ali France, has been on the hustings for five months.

    I’m in Dickson. This is the first I have heard of Ali France.

  127. Helen

    I read something today, I think it was the Oz where they reckned that the increase in price of lectricity is only 6% because renewables, all the rest is something called goldplating the infrastructure?

    Cant finsd it now, must hit the raod have been hanging around to get gos before going, BUT

    Surely that firgure is wrong? I have seen what the cost was 10 years ago and the quadrupling+ now – surely that all cant be becasue the had to put some transmission towers in to run lectricity around the country?

    Or to enable the network to handle intermittend unreliables?

  128. Helen

    Yes Dover, it was. Apologies to Bandit.

  129. Roger

    Or to enable the network to handle intermittend unreliables?

    That’s where the real cost blowout will be in the future.

  130. Snoopy

    Yes Dover, it was. Apologies to Bandit.

    An easy mistake to make. Cookie cutter stupidity.

  131. Habib

    Most of the infrastructure costs are to hook up multiple remote solar and wind sites to the grid, to which they then add fuck-all. A couple of dirty great coal burners run a whole state, with the need for a high tension line to each. They’re lying again, as usual. And of course the coal fired ones are already there, and could be expanded exponentially to provide stable generation that exceeds demand.

    These swine are our enemy, and should be treated as such.

  132. C.L.

    Dutton would be a disaster. An epic disaster.
    If the Liberals want to go back they have to go back all the way.
    To Tony.
    Then, if he returns, Abbott must announce the immediate de-funding and abolition of the entire matrix of policies and programs pertaining to ‘climate change.’

  133. Snoopy

    Then, if he returns, Abbott must announce the immediate de-funding and abolition of the entire matrix of policies and programs pertaining to ‘climate change.’

    Just stop it. It hurts too much.

  134. zyconoclast

    I’m in Dickson. This is the first I have heard of Ali France.

    She’s an open borders loon who has promised to toe the Labor line…for now.

    From the picture caption with her posing seated with her prosthetic leg clearly vivible:
    Ali France, who had to have her leg amputated after being pinned down by a car driven by an 88-year-old man, is now standing as a politician.

  135. OldOzzie

    Speedbox
    #2794021, posted on August 20, 2018 at 11:41 am

    COM – There were a couple. One in Fortune, the other on Forbes. But there are lots of articles – there is plenty of talk in newspapers, and other magazines. As you would have seen this ‘problem’ has not suddenly appeared but has been building for a while. One report said that 48,000 drivers are needed NOW and a total of 330,000 by 2024 to account for retiring drivers and future growth. There are a number of reasons but the continuing acceleration of the US economy over the past 18 months or so is unquestionably exacerbating the issue.

    Lucky them (sigh, if only it was us).

    WSJ – Get in Line: Backlog for Big Rigs Stretches to 2019

    With freight demand red-hot, truck manufacturers expect to break records for orders this year, and deliveries will reach deep into next year

    Anyone ordering a new heavy-duty truck this summer will have wait until sometime next year to get it, assuming strained manufacturing supply chains hold together.

    An unprecedented run of orders for big rigs has pushed the backlog at truck factories to nine months, according to industry analysts, the largest since early 2006, when truckers stocked up to get vehicles in place before tougher environmental restrictions would take effect. Typically the backlog is about five months for the truck industry’s manufacturers, analysts said.

    “It is longer than it should be,” said Magnus Koeck, vice president of marketing for Volvo AB’s North America operation, where Class 8 truck orders this year soared to 25,000 from 11,000 during the first six months of 2017. “Of course we are not alone in this situation,” he said. “Everyone is in the same boat.”

    North American freight-haulers ordered more than 300,000 Class 8 trucks in the first seven months of this year and are on track to order a record 450,000 of the heavy-duty vehicles for the full year, according to ACT Research. That would be the largest book since 2004, when orders reached 390,000, according to analysts.

    In July, North American fleets ordered more than 52,000 trucks, an all-time monthly record.

    Freight-hauling fleets are trying to keep up with swelling demand in a robust U.S. economy even as they say they face difficulty finding drivers. New trucks are one recruiting tool, and the new vehicles also get better fuel mileage—an attractive feature for fleets as other costs are rising.

    The orders are coming at a rapid pace as more U.S. companies, from construction equipment makers to retailers, say rising transportation costs and tight truck capacity are crimping their ability to grow and slicing into profit margins. Cass Information Systems Inc., which processes freight payments, says its monthly index of U.S. trucking costs rose more than 10% in July, the first double-digit year-over-year increase in the 13 years of the measure.

    It may be months before trucking capacity scales up enough to meet the growing shipping demand. Many of the new trucks are aimed at replacing older vehicles, trucking companies say, and production still lags far behind orders. Manufacturers delivered 30,000 new vehicles in June, ACT said, but factories are still catching up after trouble earlier in the year getting the parts they needed to keep up with demand.
    Newsletter Sign-up

    “There’s basically a shortage of trucks right now because of supply-chain issues,” said Don Ake, an analyst with research group FTR. Manufacturers “can’t build trucks fast enough because their suppliers can’t keep up.”

    Navistar International Corp. NAV 1.73% , Daimler AG DMLRY 0.29% and Volvo, along with engine-maker Cummins Inc., CMI 1.84% have said they faced supply-chain problems earlier this year as the broader manufacturing sector coped with delays in supplier deliveries to factories. “It doesn’t matter if it’s one tiny screw or one tiny hose, if it’s missing or late, you can’t complete the truck,” said Volvo’s Mr. Koeck.

    Any delays at one supplier can ripple across the business, companies say, because companies often build certain parts for several different truck manufacturers. And companies say the low national unemployment rate makes it tougher to fill vacant jobs.

    “The challenge was finding the labor, I suppose the next challenge is keeping the labor,” said Kenny Vieth, an analyst with ACT.

    Manufacturers say their suppliers have hired the necessary staff and now are pushing through parts at a faster pace. Volvo Trucks North America delivered 15,658 vehicles through June, up 71% from its deliveries in the first half of 2017.

    “With the strong demand and the corresponding increases in production levels, the entire industry has been faced with supply constraints and pressure on delivery timing,” Jeff Allen, senior vice president of operations and specialty vehicles at Daimler Trucks North America, said in an emailed statement. “Recently we have begun seeing these constraints lifting and an overall improvement of the situation.”

    Still, Mr. Ake said maintaining the high pace of production across all factories will remain a challenge. “The situation is week to week,” he said.

    Michael Cancelliere, president of Navistar’s truck and parts division, says the company has been meeting with customers and with suppliers to make sure they are getting the components they need to keep assembly lines moving.

    “The system gets somewhat stressed when you’re dealing with the capacity we’re dealing with,” Mr. Cancelliere said. “That’s forced us to get better.”

  136. dopey

    Shorten being interviewed on ABC. Solar panels in the background.

  137. Snoopy

    She’s an open borders loon who has promised to toe the Labor line…for now.

    I hope the LNP have a nice collection of screen shots.

  138. Infidel Tiger 2.0 (Premium Content Subscribers Only)

    Australian politics can never recover until Abbott, Shorten and Turnbull are no longer involved.

  139. Snoopy

    IT’s dream. Pyne v Plibersek.

  140. H B Bear

    Independent modelling shows that more renewable energy equals lower prices.
    Are they that dumb or are they lying?

    To ask the question is to answer it.

  141. Infidel Tiger 2.0 (Premium Content Subscribers Only)

    IT’s dream. Pyne v Plibersek.

    Hot lezzo action at its finest.

  142. H B Bear

    Australian politics can never recover until Abbott, Shorten and Turnbull are no longer involved.

    That’s what they said about KRudd and the Slapper. How did that work out again?

  143. C.L.

    Julie Bishop on the cover of this week’s Woman’s Weekly.
    The mag promises it’s her most telltale interview ever!
    The timing, hey.

  144. H B Bear

    Hot lezzo action at its finest.

    Who gets the strap-on? I’m thinking Plibbers.

  145. Dutton would be a disaster. An epic disaster.
    If the Liberals want to go back they have to go back all the way.
    To Tony.
    Then, if he returns, Abbott must announce the immediate de-funding and abolition of the entire matrix of policies and programs pertaining to ‘climate change.’

    Indeed, but Dutton would not be ‘going back” in any respect as evidenced by the calumnies he heaped on Anning last week. Dutton is a sidestep, if anything, or a stumble when walking on a tightrope.

  146. H B Bear

    Julie Bishop on the cover of this week’s Woman’s Weekly.
    The mag promises it’s her most telltale interview ever!

    Knitting the kangaroo?

  147. C.L.

    Women’s Weekly cover for Thursday’s edition.

  148. Julie Bishop on the cover of this week’s Woman’s Weekly.

    I said last week, whatever happens re the leadership we need to see the back of Bishop. She provides nothing of substance.

  149. OldOzzie

    WSJ Editorial – Trump Waives the Privilege

    How to read Don McGahn’s cooperation with Robert Mueller.

    By The Editorial Board
    Aug. 19, 2018 6:19 p.m. ET

    Donald Trump has a credibility problem, but so do the media. A case in point is the weekend story that White House counsel Don McGahn has cooperated with special counsel Robert Mueller. Let’s try to navigate through this Beltway Hall of Mirrors.

    The thesis of the New York Times story is that Mr. McGahn cooperated in a way that could hurt Donald Trump in order to protect himself and because he doesn’t trust the President. This fits the media narrative that Mr. Trump is covering up his collusion with Russia and his obstruction of justice, and thus Mr. McGahn must be scrambling to save himself.

    Yet lost in the resulting tempest is a crucial fact that appears to contradict this spin: Mr. Trump had to waive executive privilege for Mr. McGahn to cooperate with Mr. Mueller.

    Mr. McGahn is not Mr. Trump’s personal attorney, so attorney-client privilege isn’t at issue. But as White House counsel Mr. McGahn represents the Presidency. He is a careful enough lawyer to advise Mr. Trump that agreeing to answer Mr. Mueller’s questions would waive executive privilege. And the Times reports that Mr. McGahn’s attorney, William Burck, said on the record that Mr. McGahn cooperated only after Mr. Trump waived any privilege claim.

    This in turn meant that Mr. McGahn would have to answer all of Mr. Mueller’s questions. Once privilege is waived, Mr. McGahn couldn’t decide to answer, say, what Mr. Trump told him about Attorney General Jeff Sessions but refuse to discuss the President’s state of mind when he fired James Comey at the FBI. Without invoking privilege there is no legal basis for Mr. McGahn to refuse to answer a question.

    This isn’t what you’d expect if Mr. Trump is leading a coverup. Richard Nixon and Bill Clinton fought extensive legal battles with prosecutors over executive privilege. Mr. Clinton invoked privilege to block aides Bruce Lindsey and Sidney Blumenthal from testifying to Ken Starr’s grand jury.Yet when Mr. Trump doesn’t invoke privilege for his White House counsel, he gets no credit.

    Could it be that Mr. Trump let Mr. McGahn cooperate with Mr. Mueller because he felt he had nothing to cover up? This is precisely what Mr. Trump tweeted Saturday: “I allowed him and all others to testify – I didn’t have to. I have nothing to hide.”

    Because Mr. Trump makes so many false statements, this claim is also assumed to be false—though legal logic and the public evidence suggest that in this case it may be true. Keep in mind that Mr. Trump’s lawyers cooperated extensively with Mr. Mueller for months, turning over tens of thousands of documents—also without claiming executive privilege.

    In recent months, as the Mueller probe has dragged on, Mr. Trump has turned to denouncing it as a “witch hunt.” His lawyers now fear that letting the President talk to Mr. Mueller’s team, as Mr. Trump has said he wants to do, could be walking into a perjury trap. This is a rational fear, but the lawyers are still negotiating with Mr. Mueller.

    Mr. McGahn has been one of the President’s most effective advisers—notably on judicial nominations. But some in and outside the White House resent his influence and might want to portray him as undermining Mr. Trump. The bottom line is that readers should remain skeptical about what is reported about Mr. Mueller’s probe, waiting to see the evidence he actually produces.

  150. Roger

    I said last week, whatever happens re the leadership we need to see the back of Bishop.

    Please, no! The uncovered arms are bad enough.

  151. Habib

    Dutton is dumb by Qld plod standards, he would’ve been flat out making 3 hooks, and this in an organisation occupied by an acquaintance that looks , sounds and acts like Freddy Flintstone, only stupider, and lefty to boot. And he’s an inspector. They’re not even borderline sub-normal enough to have a joke running these days, despite having the weakest government and management this side of Danograd.

  152. Confused Old Misfit

    Thanks for that OldOzzie

    Any delays at one supplier can ripple across the business, companies say, because companies often build certain parts for several different truck manufacturers. And companies say the low national unemployment rate makes it tougher to fill vacant jobs.

    Are we not glad our government is keeping us from experiencing this problem?

    “The system gets somewhat stressed when you’re dealing with the capacity we’re dealing with,” Mr. Cancelliere said. “That’s forced us to get better.”

    How refreshing! Business in Australia has been trained to call on the government for help when ever they’ve been stressed.

  153. Herodotus

    “If the tech giants are concerned about public trust and public discourse, which I think they should be, then I think they need to make sure trusted news and trusted sources are prominent when people go to their platforms to look for trusted news and news sources. And they should be vigilant in removing untrustworthy fake sources. So at the conference I will be interested to hear exactly what they are going to do about it.”

    Hmm. Could someone want Facebook & Twitter to ban right wing blogs in general? Who could possibly say things like that? Apparently there’s to be a conference called Navigating The News, organised by the ABC and the Uni of Tasmania, compered by Geraldine Doogue, and including reps from ABC, SMH, and The Australian.

    “A discussion on public interest journalism will feature The Australian’s chief executive officer Nicholas Gray, ABC news director Gaven Morris, and The Sydney Morning Herald editor Lisa ­Davies.”

    That first quote was from News Corp executive Campbell Reid.

    I can help them sort this out much faster, no need for the gravy train/junket plane to TAS.
    Erosion of trust in journalism stems from the behaviour of journalists. Erosion of trust in Tech Giants stems from the behaviour of Tech Giants.

  154. Gab

    Ah so they’re continuing to copy Labor by installing a female to run for PM at the next election. Yup that’ll work.

  155. OldOzzie

    WSJ Editorial Another ‘Belt and Road’ Hostage

    Pakistan is the latest to learn the high price of money from China.

    By The Editorial Board
    Aug. 19, 2018 6:16 p.m. ET

    Imran Khan’s first task after being sworn in as Pakistan’s Prime Minister on Saturday is averting a financial crisis. The cricketer-turned-politician must choose whether to dial back a Chinese-financed development program or increase the country’s reliance on Beijing.

    Pakistan’s foreign exchange reserves dwindled to $10.3 billion at the end of last month, the equivalent of two month’s imports. The government needs to borrow about $10 billion quickly to avoid default on foreign debt. That debt has ballooned as Islamabad borrowed from Chinese banks to finance the China Pakistan Economic Corridor, a $62 billion scheme to build transport and energy projects. The program is a showcase for China’s Belt and Road Initiative, a push to build infrastructure in Asia, Europe and Africa.

    Normally Pakistan would go to the International Monetary Fund for a loan, as it has more than a dozen times. But the Chinese debt is an obstacle. U.S. Secretary of State Mike Pompeo warned last month, “There’s no rationale for IMF tax dollars” to “bail out Chinese bondholders or China itself.”

    The U.S. and IMF want Pakistan to reveal the secret terms of China’s loans before deciding how to proceed. Once those terms are revealed, the IMF will likely ask Islamabad to renegotiate some China projects and put others on hold. The Journal reported that one energy project guarantees Chinese investors a 34% annual return in U.S. dollars for 30 years.

    The U.S. and other IMF stakeholders fear a loan could help Pakistan get through the present cash crunch only to fall into a debt trap in which it is forced to turn over strategic assets such as the Gwadar port to Chinese creditors. That happened to Sri Lanka, which couldn’t service $6 billion in Chinese loans used to build the Hambantota port. Last year Sri Lanka leased the port to China Merchant Ports Holding for 99 years in a deal to write down debt.

    Mr. Khan should want transparency. He criticized his predecessor’s decision to embark on some China projects and accused officials of corruption. His pick for finance minister said he would place the deals before parliament.

    But Mr. Khan also called the China corridor a pillar of his economic plan. Some in his party want to forgo an IMF bailout and double down on Pakistan’s “all weather friendship” with China. After last month’s election, Beijing promised a $2 billion loan on top of the $5 billion it has sent Islamabad in the past year.

    Even if Mr. Khan borrows enough from China and other sources to forestall a crisis, investor confidence is unlikely to return without the IMF’s imprimatur. And as the country takes on more Chinese debt, the chances of a future cash crunch will grow. The uncertainty will make it difficult for Mr. Khan to fulfill his campaign promises.

    Mr. Khan may resent demands for transparency. But the evidence suggests that many of the China projects were poorly conceived and the debt to build them will damage Pakistan’s finances for a generation. Malaysia recently suspended more than $20 billion in Chinese-funded projects after a change in government. Mr. Khan would be wise to do the same.

    I wish my Super Fund could get this return

    “The Journal reported that one energy project guarantees Chinese investors a 34% annual return in U.S. dollars for 30 years.”

  156. John Constantine

    China Bill shorten proudly stands in front of chinese communist party solar panels.

    The peoples liberation army has its new quisling puppet.

    Comrade Maaaaaaaaaaaaaaates.

  157. struth

    Always look at the trucking industry to gauge a country’s economic health.

  158. Leigh Lowe

    IT’s dream. Pyne v Plibersek.

    Hot lezzo action at its finest.

    Plibbers is female?
    Who knew?

  159. John Constantine

    Australia can no longer afford to make our own solar panels, as our ruinables electricity costs are too high.

    Our elites submit to our Homo Davos overlords demands for ever more compliance with solar worship.

    Tax the banks and borrow the money to openly demonstrate our craven capitulation by erecting cargo cult wind and sun worship Totems.

    Comrades.

  160. John Constantine

    We can’t make our own solar panels any more, because we are economically stuffed through crushing debt, eternal deficits and electricity supply made ruinous through ruinables.

    Our elites solution is to borrow to import even more godless communist solar panels, to accelerate our economic suicide.

    Keep the bribebags of fivers flowing,

    Comrade Maaaaaates.

  161. John Constantine

    Searching for the shortest and most lacerating way to skewer those that run our poor bastard country.

    We have imported so many solar panels that we have lost the ability to afford to make our own.

    Stricken by this befuddling predicament, our quisling class latch onto the all or nothing bet to go into unserviceable debt to buy and import even more solar panels.

    Then give the panels to people that can’t see the value in buying the things themselves.

    Dropping solar panels from helicopters, solar panels they have borrowed from the chicom peoples liberation army without the capacity to repay.

    What could possibly go wrong.

  162. John Constantine

    OH, fuck me rigid.

    Their abc has just announced that Victorians will be given free solar hot water services.

  163. Top Ender

    Trouble at t’mill?

    South Sudanese Community Association ousts leaders after no confidence motion

    TESSA AKERMAN / REPORTER
    AN HOUR AGO AUGUST 20, 2018

    Allegations of assault, theft and physical threats have rocked Victoria’s South Sudanese Community Association ousting the chairman, deputy chairman and secretary general.

    The association posted the leadership change on Facebook following a special general meeting last weekend.

    Former chairman Ring Mayar, deputy chair Awan Kuol and secretary general Deng Lual Majak were removed following a vote of no confidence, the social media post said.

    It said the men were removed on grounds of breaching the constitution, mismanagement of office affairs and promoting division among community members among other allegations.

    “Interim committee has been formed to restore peace and deliver services to community as per association constitution requirement,” it said.

    The South Sudanese Community Association is a member of the African Australian Community Taskforce which was set up to help Victoria police deal with youth crime.

    Taskforce leader Victoria Police Commander Stuart Bateson this morning said police were currently investigating one assault allegation but no other complaints had been formally reported.

    He told 3AW police had followed the social media posts and spoken to members.

    “We hope if [the theft allegation is] true then please bring it forward and we will investigate it,” he said.

    Commander Bateson said the interim committee would need to be registered through Consumer Affairs before being legally accepted and the leadership resolved.

    “Certainly the old committee still believe they are representative of that organisation,” he said.

    He said there were 18 community associations on the taskforce and Mr Mayar had attended one meeting.

    “Ultimately whoever ends up being the representative of that association we will work with,” he said.

    “This is not helpful and we hope that this association is able to work through its issues.”

    Commander Bateson said division in the community was not helpful even when it only involved one association.

    He said the association formed with the ambition to bring all of the South Sudanese communities together.

    “It never really succeeded in doing that. The association is predominantly Dinka,” he said.

    “The troubles that we’re experiencing at the moment in this organisation don’t seem to be tribal based.”

    On his Facebook page Ring Mayar claims the change of leadership is “false, null and void”.

    “Please disregard announcement made by some disgruntled people in our community,” he wrote.

    He said Achol Marial, who the SSCAV Facebook page said was the new chair, was no longer a member of the “SSCAV team”.

    In a post on the association letterhead he said any resolution would require support of at least three quarters of financial members or a simple majority and he and financial members did not recognise the resolution from August 12.

    “Consequently, the SSCAV Office have resolved and passed the following that: the disputes will be taken to court; all the members involved will be saved [sic] with the letter of legal proceeding to the court within 72 hours; and the SSCAV’s account at Consumer Affairs will be temporarily frozen until legal avenues are exhausted,” the post said.

    Oz complete article – no comments open

  164. Stimpson J. Cat

    Remember Ladies,
    it’s always important to stay positive.

    Lena Dunham
    @lenadunham
    I may not have a good body, personality or attitude but I can always find a boyfriend!!!
    11:53 AM · Aug 15, 2018

  165. Death Giraffe

    Exclusive vision from my time machine.
    The next Liberal Party election campaign:


  166. John Constantine

    http://www.botswanaguardian.co.bw/news/item/3344-death-of-khama-dynasty.html

    Botswana is in the crapper as well, so Australia is not alone.

    Comrades.

  167. Splatacrobat

    Healthline says, using the medical term ‘vagina’ is not gender-inclusive language, uses ‘front hole’ instead.

    “Healthline has claimed health disparities and higher rates of HIV and STIs observed in LGBTQIA communities are due to discrimination in the sex ed world. So, the California based health information provider has adopted the gender-inclusive term “front hole” in place of the medical term, “vagina” in their latest LGBTQIA safe sex guide.

    “For the purpose of this guide, we’ll refer to the vagina as the ‘front hole’ instead of solely using the medical term ‘vagina,’” the document explains. “This is gender-inclusive language that’s considerate of the fact that some trans people don’t identify with the labels the medical community attaches to their genitals.”

    “Sorry ladies, the term “vagina” is quickly becoming a bigoted word. As is often the case with transgender ideology, its greatest impact is on women and girls. Men and women are inherently different, and women will pay an especially high price if we continue to pretend otherwise.”

    So I guess calling someone a mangina is also verboten?……….Manfronthole is too wordy.

  168. Death Giraffe

    Lena Dunham
    @lenadunham
    I may not have a good body, personality or attitude but I can always find a boyfriend!!!
    11:53 AM · Aug 15, 2018

    ..
    The left.
    Completely unable to project out into the future.

  169. Infidel Tiger 2.0 (Premium Content Subscribers Only)

    Lena Dunham
    @lenadunham
    I may not have a good body, personality or attitude but I can always find a boyfriend!!!
    11:53 AM · Aug 15, 2018

    You [email protected] your sister and killed a dog.

    If you can find a boyfriend then there is hope for anyone.

  170. Death Giraffe

    So, the California based health information provider has adopted the gender-inclusive term “front hole” in place of the medical term, “vagina”

    ..
    What a pack of front holes.

  171. Chris

    So I guess calling someone a mangina is also verboten?……….Manfronthole is too wordy.

    Don’t act like a complete front.

  172. Top Ender

    MalLotto might deserve a re-run, with this week only as the field.

    Winner must get closest to the hour, not just the day.

    I’m going for midday Friday for him to resign.

  173. Speedbox

    So, the California based health information provider has adopted the gender-inclusive term “front hole” in place of the medical term, “vagina” in their latest LGBTQIA safe sex guide.

    Against my better judgement I ask: I wonder what they call a penis? Front extension?

  174. Senator Jim Molan now asking questions that aren’t ever supposed to be asked:

    ““I will spend today assessing my personal position on energy policy, I expressed last week support for NEG plus, plus, plus and plus in the party room but I also expressed my concerns. It would appear from media reports that the policy has now changed significantly, that it is a very fluid situation.”

    “If the media reports are to be trusted, the changes that are being mooted don’t go to the concerns that I have, and the concerns that I still have are whether our energy policy is necessary, whether it will achieve any effect on climate, and whether the cost will be worth it.”

  175. v_maet

    Jim Molan is part of the lieberal party now.

    To stand up and support the NEG in the party room even though you are ardently opposed to teh idea that humans can somehow cause climate change means you have sold out and should be ignored.

  176. Stimpson J. Cat

    So, the California based health information provider has adopted the gender-inclusive term “front hole” in place of the medical term, “vagina” in their latest LGBTQIA safe sex guide.

    And people wonder why California is on fire.
    It is literally Hell On Earth.

  177. candy

    MT and cabinet tried to bypass the reps and kept Dutton out of the loop to get a bipartison policy on emissions and climate change. Heroes.
    I think Dutton engineered leadership spill talk to rattle Turnbull mostly. MT needs yhose boats to stay stopped and hardline immigration policies. He needs Dutton, explains the backflips

    He hates the immigration policies but it keeps him PM.

  178. Roger

    “If the media reports are to be trusted…”

    A senator relying on media reports…what on earth is going on inside this government?

  179. Dutton would be a disaster. An epic disaster.
    If the Liberals want to go back they have to go back all the way.
    To Tony.
    Then, if he returns, Abbott must announce the immediate de-funding and abolition of the entire matrix of policies and programs pertaining to ‘climate change.’

    CL, the deadest of dead enders.

    Shorten will rule for decades at this rate, LOL.

  180. Stimpson J. Cat

    It would appear from media reports that the policy has now changed significantly, that it is a very fluid situation.”

    Nobody wants hear another member of the Army talking about fluidity Jim.
    Have some respect.

  181. Habib

    Shorten will rule for decades at this rate, LOL.

    Howls of derisive laughter. When have any of these incompetent cretins managed to actually make it through a single term in the last decade? If Little Lord Fartleroy gets shanked, Lightbulb Head won’t make it to the weekend.

  182. Stimpson J. Cat

    higher rates of HIV and STIs observed in LGBTQIA communities are due to discrimination in the sex ed world.

    Just stop having sex with degenerates.
    It’s not that hard guys.

  183. Leigh Lowe

    It would appear from media reports that the policy has now changed significantly, that it is a very fluid situation.

    The fluid is mostly in Trumble’s undies I think.

  184. Stimpson J. Cat

    Catallaxy Apple Users try a quick experiment.
    Ask Siri to:

    “Define Fascism. “

  185. None

    Please, no! The uncovered arms are bad enough.

    i am about to go into an afternoon of meetings and I know I will giggle my way through them now. Sigh.

  186. Leigh Lowe

    Perfect questions for Pahn and Bishop.
    Q : “Do you support Trumble?”
    A : “Yes, of course.”
    Q : “Unequivocally, to the exclusion of all others?”
    A : “Yes, totally.”
    Q : “So you’ll resign you ministerial post in protest if he gets rolled then?”
    A : “ummmm, well ….”

  187. Zyconoclast

    What a pack of front holes.

    We have a winner.
    Give that man a cigar

  188. Tel

    Dutton would be a disaster. An epic disaster.

    Dutton makes a good follower, he would be good to have at your back in a foxhole.

    I don’t see a big future for him as Prime Minister though. Sorry.

    The Earth is scorched. There’s nothing good out there. We are stuck with Turnbull forever, just put the crown on is head and get it over with.

  189. Tel

    Lena Dunham
    @lenadunham
    I may not have a good body, personality or attitude but I can always find a boyfriend!!!

    How often does he hang around to talk though?

  190. None

    Yes whatever the Feds do and they must kill all green subsidies the states will fuck up. Like Dan’s “free” solar. Note Steve Marshall in SA has a similar policy.

    We need mongrel -so we need Tony Abbott. And we need to punish the states. Hand over hospitals to them. Then schools. Make them pay.

  191. None

    The betting markets have it as Dutton

  192. Bruce in WA

    And the author of the “front hole” article??

    Mere Abrams, MSW, ASW, is a gender specialist, researcher, educator, and consultant in the San Francisco Bay Area, providing gender-affirming services to trans, nonbinary, and gender-expansive children, teens, and young adults.

  193. Leigh Lowe

    Dutton makes a good follower, he would be good to have at your back in a foxhole.

    I don’t see a big future for him as Prime Minister though. Sorry.

    ABT.
    Anybody But Trumble.

  194. Roger

    i am about to go into an afternoon of meetings and I know I will giggle my way through them now. Sigh.

    You’re welcome! 🙂

  195. Speedbox

    Edited article about Turkey and the knock-on effect of a default:

    Since 2000, the Turkish economy had (at its peak) grown five-fold. At face value this appears to be an outstanding achievement. But, the markets are getting jittery about Turkey’s ability to meet its obligations.

    However, this so-called growth was nothing more than a debt binge financing a spending spree.

    Credit default swaps (insurance against default) have blown out to a level where the market thinks there’s a 50% chance of a sovereign default within the next 12 months.

    The pricing of CDS tells us the market thinks there’s a higher probability of Turkey defaulting sooner rather than later. The knock-on effect of increased debt servicing and credit market uncertainty has hit the Turkish share market hard.…it’s down 52% this year.

    Investors in European banks are also getting a little nervous about the heightened risk of default. Spanish banks are owed US$83 billion. The largest exposure is to Banco Bilbao Vizcaya Argentaria S.A. (BBVA). The bank’s share price has fallen nearly 30% since late January 2018.

    The higher interest rates and (supposedly) strong economic growth on offer in Turkey were too enticing to ignore. In 2017, BBVA attributed more than 30% of its pre-tax profits from its exposure to Turkey.

    Other European banks with significant exposure are BNP Paribas (France) and UniCredit (Italy). Both companies have seen their share prices fall in excess of 25% this year.

    This is how the dominoes can fall in this giant central banker run Ponzi scheme.

    Turkey defaults. European banks teeter. Bank runs start. Confidence is lost. Capital controls introduced. Europe falls into recession. US corporates (with heavy debt loads) generating revenue from Europe suddenly find cashflows drying up and they’re unable to service their debt obligations.

    China slows down. The malinvestment within its ‘miracle’ economy becomes all too evident with large corporate failures. Aussie banks — with a ton of exposure to an overpriced residential real estate market — find the cost of offshore borrowing rises dramatically. The increased interest rate costs are passed on to mortgage stressed over-indebted households. Defaults start. Mortgagee in possession signs go up. Bank shares tumble.

    Everything is connected. When this bubble finds its pin, it won’t be contained to one country or one region. It’ll be a global problem…on a scale we cannot imagine.

    For now, the pin has been averted. Turkey has been thrown a US$15 billion lifeline from Qatar. But this only buys time. The underlying problem of too much debt and an economy that’s not producing enough to service that debt has not gone away.

    Turkish President Recep Tayyip Erdoğan doesn’t come across as someone who’ll accept responsibility for his actions. In an attempt to stem the tide of lira leaving the country, he’ll introduce capital controls.

    Then, when that doesn’t work, my guess is Erdoğan will initiate (or at least allow) a sovereign default — relieving his nation of the debt burden — and justify his actions by blaming his country’s woes on the mercenary European and US bankers. That’s when the proverbial hits the fan.

    Turkey’s woes are part of a larger global problem.…too much debt and not enough money to service it. Something has to give.

    The central banker-engineered recovery of the past decade has been a giant con job. Using more debt to solve a debt crisis was never going to be the permanent solution. It was a temporary fix….masking the underlying problem.

    When it comes to big egos and easy money, there are none more dangerous in this world than central bankers. Time and time again they’ve proven they cannot be trusted. The response to any downturn is the same tried and failed policy of more cheap credit.

    For the central bankers to use the same strategy (in ever increasing doses) to solve a problem caused by that very same strategy is a perfect example of Einstein’s definition of insanity.

  196. Boambee John

    None at 1354

    Hand over hospitals to them. Then schools. Make them pay.

    They already own the hospitals and schools.

    Just stop giving them Commonwealth money. Divide the GST up per capita and wish them good luck.

  197. Snoopy

    Source? Author? Speedbox, please.

  198. Mother Lode

    Gender Is a Construct—Except When It’s Not

    If gender is not innate and biological but instead a social effect, then what sin would there be in changing the way society works to prevent the creation of the 376 new genders? Would a person ‘miss’ something that never had? Does anyone miss the fact that they can’t see four dimensional space? Or speak a language that has not been created?

    If it is biological then it should be possible to observe the biology of it.

    (If sexual orientation is a social construct – exist in the head – then the programs to turn gay people straight have merit.)

  199. Snoopy

    Divide the GST up per capita and wish them good luck.

    The only long-term solution is for the Commonwealth and states to separately raise all the revenue that they require.

  200. Diogenes

    The only long-term solution is for the Commonwealth and states to separately raise all the revenue that they require.

    Feds keep GST & tariffs/excise as only income , states get income taxing powers simples.

  201. stackja

    Commonwealth took state taxes as emergency measure in 1940s.

  202. DrBeauGan

    Bruce in WA
    #2794164, posted on August 20, 2018 at 1:56 pm
    And the author of the “front hole” article??

    Mere Abrams, MSW, ASW, is a gender specialist, researcher, educator, and consultant in the San Francisco Bay Area, providing gender-affirming services to trans, nonbinary, and gender-expansive children, teens, and young adults.

    There’s a certain amount of entertainment in watching these loonies parody themselves.

  203. H B Bear

    That’s it. I’m officially out of supermarket plastic bags for bin liners. Now relying on a bunch of glad bin liners from 10 years ago. Twice as big and twice as thick.

    Suck on that turtles.

  204. Speedbox

    Snoopy. Vern Gowdie for Markets and Money. Additional input by The New York Times and Bloomberg.

    (My post was an edited extract. Assorted graphs and additional text was omitted).

  205. DrBeauGan

    Providing gender affirming services to …

    Does that mean someone can get paid for encouraging a delusion? Golly, ain’t it amazing how many productive jobs society has created.

  206. Dr Faustus

    So, the California based health information provider has adopted the gender-inclusive term “front hole” in place of the medical term, “vagina” in their latest LGBTQIA safe sex guide.

    Gender inclusive?
    Presumably there are those in the LGBG&T universe who find their pleasure via the urethra.

  207. Leigh Lowe

    Phabulous Phil Coorey on Sky this morning playing air piano and telling the resident cockhead (Speers, Gilbert?) that the polls show that the public “don’t want politicians blueing over this.”
    Mmmmyes.
    Because Joe Public really just wants you top wave Paris through and jack up his power prices and/or freeze his nuts off every winter.
    That is precisely what the voters want politians to be “blueing over” you fuckwit.

  208. Leigh Lowe

    That’s it. I’m officially out of supermarket plastic bags for bin liners. Now relying on a bunch of glad bin liners from 10 years ago. Twice as big and twice as thick.

    Suck on that turtles.

    Waiter, there’s a plastic bag in my turtle soup.

  209. Geriatric Mayfly

    Hooray! Snowy 2.0 gets a big rap from Turncoat in QT.

  210. Leigh Lowe

    Trumble.
    The smartest guy in the room.
    It takes a rare skill to get yourself turfed from the same job for the same reason nine years apart.

  211. Tel

    Since 2000, the Turkish economy had (at its peak) grown five-fold. At face value this appears to be an outstanding achievement. But, the markets are getting jittery about Turkey’s ability to meet its obligations.

    However, this so-called growth was nothing more than a debt binge financing a spending spree.

    If that’s true than it’s healthy for Turkey to get the short term pain out the way and bring the numbers to realistic levels.

    Turkey defaults. European banks teeter. Bank runs start. Confidence is lost. Capital controls introduced. Europe falls into recession. US corporates (with heavy debt loads) generating revenue from Europe suddenly find cashflows drying up and they’re unable to service their debt obligations.

    Should that happen, then the US dollar turns into a tower of iron and Treasury Bond rates get pushed back down again. I think it’s a “worst case” scenario for the EU… not impossible but not likely either.

  212. bundyrum

    With the politicians we have today we are truly stuffed.

  213. Zulu Kilo Two Alpha

    With the politicians we have today we are truly stuffed.

    The problem is that any politicians are a reflection of the society that elects them.

  214. Geriatric Mayfly

    Pyne looking quite sombre today in QT. The rumination is showing, either that or he is constipated.

  215. stackja

    Zulu we don’t know how many live voters elect politicians.

  216. H B Bear

    Chrissy Pyne realises he is going to get reamed harder than even he likes it.

  217. calli

    Can the women please be civil and levelheaded on this thread thanks in advance.

    No. 💋

  218. calli

    Has the Black Hand been burned?

    Good.

  219. bundyrum

    Fair comment Zulu….the media are the enemy….without their constant propaganda we would be better off….yes?

  220. Leigh Lowe

    Geriatric Mayfly

    #2794195, posted on August 20, 2018 at 2:34 pm

    Pyne looking quite sombre today in QT. The rumination is showing, either that or he is constipated.

    Soooo, the election winning machine is leaking oil?
    Is it oil?
    Or something else?

  221. Speedbox

    It is public record that Turkey has some US$500Bn in Govt debt. And that debt has just got a shi*load more expensive to repay due to the slide in Turkey’s Lira against the US$. In truth, if Turkey operated in a vacuum, none of us would probably care how, or even if, Turkey repaid the debt. The problem as we all know, is the knock-on effect. Much of the EU has some sort of financial issue that has been fed by years of gorging on the money trough. Some are in better condition than others but there is little economic/political sense left in the EU so if the proverbial does hit the fan, the repercussions could easily spread globally.

    Australia is certainly in no condition for another substantial international financial crisis. (We’ve done the pink bats and the $900 cheques – solar panels for everyone?) A sudden upward jolt to international cash rates of say, a modest 1%, would cause significant issues to our domestic mortgage loan portfolio. A jolt of 2% would cause havoc.

  222. DrBeauGan

    The problem is that any politicians are a reflection of the society that elects them.

    The problem is that Australians are more interested in footy than in politics.

  223. Confused Old Misfit

    For Elle and Steve

  224. Elle

    Gold, COM (except for that last bit). My palms are sweating. Hard to look away though.

  225. calli

    The Libs – Equal Opportunity Backholes.

1 2 3 6

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.