Wednesday 31 May 2017
Before I go on with my weekly summary, I wanted to connect with you on a few things and see if you agree. On June 1 in the year 2017 just where are we? What are we facing and what are governments of all persuasions doing to improve the lot of the world and its people?
The world economy is stagnating. Most of the world is still struggling to overcome the dramatic effects of the 2008 global financial crisis.
There is no doubt that inequality will be a problem for both those who have and those who have not into the future. We face an ever-increasing gap between rich and poor.
We are educating our young for jobs that wont exist in 10-20 years time. Entire industries are disappearing; jobs are gone and will not be coming back. Robots and 3D printing will replace much of our existing employment. Full time work is becoming a thing of the past with underemployment escalating.
The retirement age is being pushed up to 70 and pensions are shrinking. Wages are at an all-time low and don’t look like moving upwards at any time soon, yet executive wages seem to have no ceiling.
Our children will be poorer than us. They won’t be able to live in our prohibitively expensive cities.
In spite of a move to increase educational standards our standard of education will not guarantee our kids a job. The wealthy and privileged will probably remain so and get even wealthier.
The world around us is retreating from the toxicity of declining standards of leadership resulting in deteriorating democracies leading to a form of populism that exploits our worst instincts and feeds on fear is on the rise.
A crazy man holds the future of the world’s environment in his hands.
As the planet gets hotter, the seas rise, the same crazy man, the president of the world’s most powerful nation disavows climate science and says that climate change is a fake Chinese plot to steal American jobs.
Countries are stockpiling or developing nuclear weapons. The US, in the name of making America great again is increasing spending on its military and China is flexing its military muscles. It seems that no matter where you look war games are being played. Morons of the highest order are acting out the hair-trigger game of war. Doom and gloom seems to be the order of the day. Wars and famine abound.
Whilst all this is happening our politicians seem intent on playing the game of power and self-interest.
It’s a question I keep asking myself. What has this Government been doing for the past four years? Indeed, what are their plans to address many of the things I have mentioned in the future?
1 I was right when I said that once a party digs itself into a political hole it takes something significant to get out of it. I know Howard and Hawke did it but this PM is neither of those two.
The latest polls from Newspoll 53/47 to Labor and Essential 54/46 confirms that there was no spike from the budget. Fact is that it looks a bit worse for the Government.
On those figures Labor is headed for a landslide win. I was also right in suggesting that Labor should accept the changes in policy the Coalition has made and argue the point that their policies were pinched but they are not the real deal and it’s the real deal that Labor will deliver.
If they don’t they are likely to end up with egg all over their face. Anyway the electorate has, according to these polls, factored in the notion that the Coalition plagiarized Labor policy. They have no ideas of their own. It’s important to note that with the election a long way of these numbers are but a reflection of how people are thinking at the moment.
It also should be noted that in Newspoll Labors primary vote was 35% and you don’t usually win votes with a vote that low.
Both major parties are on the nose with 28% of voters preferring the minor parties
with 10% primary vote support for the Greens, 9% for One Nation and 9% for others including the Nick Xenophon Team.
By the way. In the Essential weekly survey 80% of those asked believed that the banks would pass on the proposed levy to their customers. Perhaps they have also factored that in.
2 While I’m on Polls its interesting to note that Jeremy Corbin is making an impact in the English polls with an all important trend developing.
Con 43.9 Labor 35.4 and Lib Dem 7.9
3 Back to the budget. I noticed this in the AFR. (Firewall) Professor Bob Gregory claims that the Federal Government’s May 2017 Budget contains overly optimistic forecasts concerning company tax revenue and wages growth. He contends that the government is placing too much of the onus of restoring the Budget to surplus on basic wage and salary earners. John Daley and Danielle Wood of the Grattan Institute contend that the Treasury’s economic modeling has been wrong over the last few years.
4 The leaks from Pauline Hanson’s former disgruntled staff members continue to haunt her. This time it’s about the plane that nobody seems to own.
And the poor dear is only just recovering from a battle of facts defeating bigotry with Duncan Lewis, director-general of the Australian Security Intelligence Organisation.
Her inflamed hatred of all things Islam was no match for the highly respected Lewis who answered her Islamophobic loaded questions with ease demonstrating that untruth is easily defeated by enlightened truth.
5 The Finkel Review will deliver its finding into the Energy sector early June and is likely to recommend an Emissions Trading Scheme.
After commissioning the review the government has decided that, without so much as opening a page that it will not adopt the recommendation of its own chief scientist.
“Industry sources have told Guardian Australia the chief scientist, Alan Finkel, is more than likely to stick with the implicit endorsement he gave to an emissions intensity trading scheme for the electricity sector in his preliminary report, which was given to state and federal ministers six months ago.’’
The new boss of the Australian Energy Market Commission Anne Pearson said.
”And the reason we came to the conclusion that an emissions intensity scheme was the best way forward and the best, the most appropriate mechanism was because it was the one that worked the best against high gas prices, low gas prices, high demand, low demand or a range of those variables,” Ms Pearson said.
They will not introduce a ETS, not because it would be the right thing to do and the right thing for the planet, but rather that it would be an admission that Labor was right all along. I suppose after adopting so much Labor policy it would be too much to go an extra step with an ETS. Goodness that might lead to a decent NBN.
6 Tributes are pouring in for Anthony Foster who became a tireless and high-profile advocate for child sexual abuse victims after a priest raped his daughters.
”In the cycle of life people we care most about are taken from us too soon. We struggle to come to terms with the why of it and there is no answer. It is only by the way we conduct our living that we salute the legacy they leave behind.”
7 Senates Estimates reveals that 4.2 million Australian Premises will not be able to access to top Internet speeds. That’s about 40% of the country. Bill Morrow, head of NBN told the committee that .. ”FTTN by itself, with the copper loop lengths that we are building with, will not give you gigabit speeds”
8 Did you know that this still exists in our constitution?
”Section 59 : The Queen may disallow any law within one year from the Governor-General’s assent, and such disallowance on being made known by the Governor-General by speech or message to each of the Houses of the Parliament, or by Proclamation, shall annul the law from the day when the disallowance is so made known.”
Purists will say that this section is obsolete and of course it is But it’s still there and that’s the point!
My thought for the day.
”The state of the world raises the question. When did God die?”