It’s the electronica equivalent of driving across a desert on K. It’s madi gold. Tom did write the track.

@Harry, this looks like plain old vanilla rape with a bottle. Just a dip of the toes for 2 seconds.

Of course she would have felt humiliated. But the insertion of dildos is perfectly legitimate and nothing to feel humiliated about as your career description.

I still wonder how the beer bottle arrived, how the physics of the situation played out. Diagram of where the bad man touched her would be helpful I think.

Considering some of the things I’ve seen done a bucks with the strippers consent, a beer bottle up the [email protected] is pretty vanilla

That doesn’t make any sense at all, you can be second, third, fourth… hell you can even be fifth.

Makes perfect sense here, given this place is crowded with IT geeks and idealogues. If you’re not 1 you’re 0, if you don’t totally agree with me you’re wrong, if you’re not first you’re last…

I thought an an era of quantum computers we can be 1 and 0 at same time.. sort of. If right then this begs the question is Harold really the true King of Weekends or perhaps J Bauer is the rightful ruler?? Or should we put them in bed together to rule us forever – to be sure to be sure.

But a second, third, forth etcetera investment property is just as good as the first. All investment homes are equal.

FOS these dogs

On the renewables have a read of this. In the era of fake news I’m not sure of the validity. This person is claiming to be a green warrior and saving the planet as a career. I’m more of an optimist and think they will, but like all things it’s never the whole answer. Read the stuff about the dam batteries in California. I hope we can get the Oz one going. Q. isn’t there one of these in Tasmania?

A lacklustre company reporting season suggests the economy is on the slide

But the irony is lost on most of the Punters who spend considerable coin to ogle at private jets for the Global Elite and their taxpayer funded defence industry (recession proof ) Military machine.

I got off the train at Lara just in time to see the fireworks finale on the drive home. Could not believe how many people were just parked/camped out along old Melb Road watching it for free.

Hundreds in their cars in the carpark in the airconditioning for 10 hours or so and when a jet comes over then jump out for a photograph, then back in

Went for a bit on Friday for work. The prevalence of military hardware and the people getting their rocks off over it was depressing; so too the rich/faux rich getting their invitation only tours of the gulfstreams.

Pros and cons of congestion pricing

What about a passport cap in publicly funded companies? Time to ban foreingers from working in sub $100k positions in the NBN.

ha ha! Yes. They prefer a pyre instead of a grave. Backyard would be good for funeral fire, wedding fire, and birth fire.

Home Prices in Sydney & Melbourne Spiral Down, Bust Spreads. IMF to Regulators: “Reinforce Financial Crisis Management”

@Chase funny enough I had already bookmarked it. I think it’s over priced, but given what the Warrandyte mid century house sold for, maybe it’s me who is out of touch? It is cool. Takes me back in time a bit space at the front to expand that garage / carport to fit more cars. But it doesn’t grab me enough to spend $900-$1.0m on it.

9 months and its of to the racers again place you’re bets ladies and gentleman what is your preference nags or dish licker’s roll up roll up to the big show in 9 months the [email protected],weak,frail, and feeble will have perished by then it’s Darwinian lololol bring on the new young bl00ds

This means that either debt rises faster than debt-servicing capacity or that debt-servicing capacity is forced to decline, usually because productive resources were deployed nonproductively.

As an aside, if a nonproductive investment is not written down, it also results in what is effectively a capitalization of what should be an expense. In other words, an illusory increase in wealth is recorded. This is the main difference between money borrowed to fund consumption and money borrowed to fund nonproductive investment (aside from the fact that the former at least gives you temporary pleasure): neither increases wealth (that is, productive capacity) or income, but until it is correctly written down the latter allows you to report higher wealth and income that is wholly illusory. It would be as if you spent $100 on dinner and then rather than record an expense that is deducted from your total income, which would leave you $100 poorer after dinner, you instead record an asset, leaving your total wealth unaffected.

Precisely! Thank you! Modern economics, of pretty much all varieties, operates in some kind of financial bubble where money is unrelated to the activities and resource limitations of the real world.

P.S. Australia is a classic example but most of the Western world, especially the Anglo-Saxon part, went down this path decades ago.

The amount of ‘wealth’ in this country that will be exposed as illusory will be one for ages: hundreds of billions of dollars (at best) but the haircut will more likely run to trillions after the dust has settled. Morningstar were quoted in the SMH last year as saying that Australian wealth had increased to around $6.5 trillion — most of it property related.

Smith’s was the more severe problem and a timeline of his return to action remains unclear. It is understood that Warner is making good progress and may yet look to squeeze in a grade match before the season finishes.

They are eligible to return to Australia colours on March 29, which is the day of Australia’s fourth ODI against Pakistan in the UAE, but Smith is unlikely to be ready for that while Warner could be overlooked even if he returns to playing by then with the IPL that starts on March 23 a possible route back for both players.

“From all accounts they should both be ready for the IPL, which is really positive,” Australia coach Justin Langer said in India. “Dave’s probably a little more advanced but my understanding is they’ll be ready to go in the not-too-distant future.”

Australia head straight from India to the UAE for their five-match ODI series against Pakistan to bring the curtain down on their international season. The World Cup squad needs to be named by April 23 – although it can be changed later – and will then convene in Brisbane in early May for a training camp which involves warm-up matches against New Zealand.

Any rational person with a semblance of an understanding of cricket (ie batsmen must consistently score runs) could not have Finch playing in any top team at present

I just found the squad. It’s Mitchmas in July! With a bonus Siddle. Where’s Cummins????? I think Khawaja’s cooked. What about Head and Short?

Australia ODI squad: Aaron Finch (c), Jason Behrendorff, Alex Carey (wk), Peter Handscomb, Usman Khawaja, Nathan Lyon, Mitch Marsh, Shaun Marsh, Glenn Maxwell, Jhye Richardson, Peter Siddle, Billy Stanlake, Marcus Stoinis, Adam Zampa

Warner Stoinis? (Could he open?) SMarsh (reluctantly, who else is there for 3, usman?) Smith Handscombe Maxi Carey (he saved Australia some blushes recently) Cummins Richardson (either) Zampa (has to be rather than GOAT right?) Billy

It’ll be a good world cup. There doesn’t currently seem to be a dominant force in cricket. The gap between the top and bottom seems to disappear and reappear from without rhyme or reason from game to game.

Saying that, I’d be surprised if Australia end up in the semis. They just seem too dysfunctional at the moment. To have chance their line up would need to be Maxwell, someone, maxwell, someone, maxwell, etc. Watching Maxwell keep to his own bowling will be one of the highlights of the tournament.

Here are the latest ICC player rankings. Maxwell doesn’t rate a mention due to his sublime skills being immeasurable and unquantifiable. Perhaps Carol Ann Duffy, the UK’s current Poet Laureate, can try to capture the genius and beauty of Maxwell while the world cup is on. Maxwell is also my sleeper to win Warringah from Abbott at the federal election due to an impromptu write in by the citizens of that electorate. When queried on how it came to be all the good people will say: “When I picked up the pencil and looked at the ballot a calm and clarity came over me. All the noise of our press release reprinting media disappeared and I could finally see an answer to a question that, to be honest, I still don’t know. Glenn Maxwell.”

I love the piece on “Why Are People Miserable at Work?”, and agree with it almost entirely. But, it contains a reference to some research which is really nonsensical: — Researchers asked almost 300 subjects how they felt about different relative and absolute levels of income as follows: A: Your current yearly income is $50,000 while everyone else earns $25,000. B: Your current yearly income is $100,000 while everyone else earns $200,000. (Prices are what they are currently and prices (therefore the purchasing power of money) are the same in states A and B.) — MB readers will easily spot the logical flaw: in scenario A, you can buy a nice house; in scenario B, you cannot. So, how could the “purchasing power” be the same in the two scenarios?

if someone told a person in 1500s that time will come when 2 off every 100 villagers will be enough to produce all the food and 10 more to produce all the clothing and homes for everyone they would think of such time as a paradise we live in such world and know it’s a hell in which more people cannot afford food and shelter than in 1500s

People still believe that a unit of currency is worth something. That’s why they vote for asinine policies like raising minimum wages.

But then again, governments need to be seen to be doing something whether that thing is meaningful or not.

“Thompson reminded us in his piece that the forgotten goal of working is “about buying free time.””

Add to that you don’t have to be busy in your free time. Nothing confuses a retiree more than asking why after they say they’re keeping themselves busy on being asked how their retirement is going. I failed on that one at my first attempt. It’s hard to get past the social brainwashing.

MB, You’ve hit on something I’m exploring a little early for my not that distant future. Don’t they keep busy to stop their bodies/brains ossifying as quickly as they would if they just sat around? Do they still need to feel like they have a purpose/reason/relevance to live? I’m curious to understand what alternative you’re seeing?

that’s only if you think purpose of human existence is to be busy sleeping, thinking, drinking, listening music or watching TV shows, … are as likely purposes of human existence as they are working, gardening, traveling, …. our life is meaningless beside the meaning we individually give to it

The stop body/mind falling apart is very important yes. It was my mind that pushed me back to part-time work. After three months I was bored stupid and I think it was because I couldn’t get my head around the idea that I was no longer relevant to society. That I should be doing something. I was sniffing around charities to help out when the part-time job came up so I jumped at the chance to be involved in something again. It is the involvement in something, not the actual task.

The last two years I’ve been winding my hours back to get myself ready to let go again. To not do nothing, but to not feel like I have to be doing something. You’ll find that there is always something to do if you’ve got friends and family around, if you’ve got books or internet around, if you’ve got your hobbies around, if you’ve got bikes or kayaks or golf clubs etc around. You’re already ‘busy’ without realising it. You have to get your head around that you don’t have to find things to fill your day, that sitting around reading a book or posting crap isn’t wasting time if you’re enjoying it.

Body wise it doesn’t take that much time a day to keep at an acceptable level of fitness and health. You’re a mountain biker yeah? You know how to keep yourself going. The body part is the easy bit while everything holds together. Geez, I’ve just joined a triathlon club for sh!ts and giggles. I suck but I don’t care. It’s the same mindset, you don’t have to be ‘successful’ but just enjoy it. If you’re enjoying it and healthy then it’s a win.

Maybe I should do a writing course because this has just been an inane ramble but this whole ‘busy’ thing is a sham. A social brain-washing sham, probably to try and stop us from thinking about things too much. We’re already busy, even if we’re busy doing ‘nothing’.

I don’t think it’s an inane ramble! I’m not a mountain biker more’s the pity, I could enjoy that. I have physical health problems encroaching that are precluding me from many things already & it’s a one way street. I’m now trading for income (I find it boring, but necessary) & wondering whether to get a Lathe & Mill for a hobby level workshop – I enjoy my trade & I have a couple of potential products to explore if I can drive myself enough for it, or if my body will allow – otherwise that’ll become a WAFTAM too.

I get the involvement/company bit – one of the things I miss about working & workmates. But I’ve always been more about the doing/productivity side & saw the other as a fringe benefit…… May need to shift that……

I agree about the social push to keep busy (or the harnessing of it by the sociopath class?). I also wonder how much of it is within us as a species & just our driven curiosity – if we didn’t have the drive to keep busy maybe we’d still be in the caves. Which brings me to wonder if cavemen were really content considering they started inventing things?

DrX, On your last line I get it, we’re just stardust. But if we didn’t ascribe/clutch at some kind of worth/meaning to our lives why do we bother to do anything?

The last line about ascribing value to what you do. That’s the big killer, learning to value what you do yourself and not on what others think you should be doing. Lovey’s family think I’m lazy, people I work with think I’m industrious and people I sport with wonder why I just do enough to get by. You just can’t please society so you have to please yourself.

Maybe people do find their spot and just say they’re busy to stop criticism. Dunno, might have to think about that one a bit.

The Mankind Project always needs good men! Dedicated to the emotional and psychological well-being of men! It’s something of a journey.

Doing ‘nothing’ is just as important as doing ‘something’. We need time to reflect, and the best way to reflect is to do ‘nothing’.

Nothing needs to be added to the above except as much endorsement as possible. That said, for those who mostly in the past found value in the output of their work product (in more than just mere monetary terms), the thinking process to get one’s head round what is written above can be even harder. So further examples can help there: guiding grandkids in their development, as MB says – pick a charity – you care about, find a charity or a non-profit that needs your special skill/s and ask them how they think they can use you – paid or otherwise, post thoughtful stuff like the above on MB and help a brother and a sister or two out. And develop your own knowledge – that helps everyone. And stay active. And as Judge Judy says, whatever you do, don’t fallover.

Wilbur, it’s been a battle in my head for the last two and a half years. Thought it was going to be a cinch when I first pulled the pin. You know, now that I think of it maybe a lot are ducking the question because of so called societal standards. The old guy over the back says it but he questioned me one day when he heard me saying to a mate f#ck being busy, I’ve got things to do. He’s a routine busy though. Could set your watch by the time he waters the plants, gets the leafblower out etc. I’ve always thought he was bored but maybe not. Maybe value for him is routine.

I also know Lovey’s family react badly when I reply not much when they ask what I’ve been up to, yet never notice that what I do enables Lovey to work part-time as well, and that we’re always around to babysit family toddlers while everyone else is working themselves to death. No burn out in this house.

Learning to say f#ck society while staying within the rules. One of those cognitive dissonance things that must be overcome.

@MB And there’s nothing wrong with finding some value in #winning either! I believe psychologists these days think that’s totes healthy as long as it is a positively motivated fulfillment. Not a #screwyousuckersIdaman thing. The latter tends not to provide lasting satisfaction. Though I know that doesn’t strictly apply to a number of the regular commenters here! Myself included.

Apologies if this is nothing to do with your most recent post. Please reframe if I have missed point/s. However, it was quite a bit to do with why people find value in varied and seemingly meaningless (in some cases) things – that particular question is one I’ve had to stop thinking about (ends up with me trying to predict the most likely end of species event for humanity, every time) – so I jumped straight to the ‘forget why people like wierd stuff, most of them just think about #winning and little else’. Which is fine and can be healthy. But all those other things above combined with that are even healthier!

Some things to think about in there. MB I believe you’re right about old blokes faking it to stave off judgement. I see quite a few who are bored as batsh!t & are still wondering what to do. They’re often the ones who’ve sought purpose through their job & feeding their family & now feel redundant as best I can tell, & plain to see some feel lonely/isolated – That’s a Killer! Moving perspectives from the external to the internal does make a difference. As does shifting it from purpose to value or relevance. More cogitating for me. Thanks fella’s for all your input.

I wonder how common and widespread this workplace misery is. Perhaps I can start a new business of selling happiness to these souls if there is enough market for it.

There’s already a plethora of businesses that some into workplaces and promise happiness. Mindfulness being the one in vogue for the past few years. It’s a form of victim blaming.

The political economic structure of the world you live in is making you miserable. To change that would involve economic pain to the beneficiaries of it. So, we’ll tell you it’s your fault for not being like a sociopathic venture capital seeking coder in Silicon Valley, thus making you feel more of a failure, and then say just watch your breathing and all will be dandy.

That’s not to dismiss the benefits of things like mindfulness. It AND a change in the broader society we live in is the better way to improve the lot of the majority.

It’s not the actual work that’s the problem, it’s the other chunts who turn up in the same office every day.

I just saw a heap of happiness in kempsey I cant see what is drinking out of the bottles but is is making a hell of a row, underneath the big fig trees down by the river probably drink its self to extinction soon enough

Instead of being paid $100k when everyone else is being paid $200k. If you are the $100k dude, you will be made homeless by right wing pricks.

they must be kidding – our majority preferential voting system is a disaster making sure only two parties have any chance even to sit in lower house jet create a government imagine such a strong duopoly (95% of market-share) in any other area of our lives – we would be furious

Aside from the system itself, compelling citizens to do something against their will is an infringement of personal freedom.

Aside from the system itself, compelling citizens to do something against their will is an infringement of personal freedom.

So if the State signed into law a requirement that all citizens stand on their heads twice a year for half an hour you would happily comply, cos, you know, ‘the law’ ..

The statute book should amount to little more than a single page but, instead, it runs to tens of thousands (and growing like a weed). You must be very excited.

So if the State signed into law a requirement that all citizens stand on their heads twice a year for half an hour you would happily comply, cos, you know, ‘the law’ ..

The statute book should amount to little more than a single page but, instead, it runs to tens of thousands (and growing like a weed). You must be very excited.

As usual the childlike worldview of Libertarians has little to no relevance to the complexities of how the real world has to operate.

Nag Smithy some of us just believe in “don’t be a sh1t bloke” and take responsibility for yourself and family. Of course that only works for those of us who are sensible enough to make the right decision. It seems 99% of people require guard rails through life, otherwise they might fall off the sides.

Of course if you believe in survival of the fittest it may have been good let those people receive their well earned Darwin awards.

The problem I have is we end up in that Chinese social credit system where you have no liberties left. I think we come at this from 2 different extremes, but the solution lies somewhere in the middle. The problem I have is Australia is a massive nanny state and curtails all fun becsuse some numpties do the wrong thing. We all suffer as a result.

Nag Smithy some of us just believe in “don’t be a sh1t bloke” and take responsibility for yourself and family. Of course that only works for those of us who are sensible enough to make the right decision.

The trouble with your idea is it only works for people who have the same idea of what “the right decision” is.

Of course if you believe in survival of the fittest it may have been good let those people receive their well earned Darwin awards.

Yeah. We should totally have a society where we encourage the powerful to exploit the weak to the greatest extent possible. Kind of like where we’ve been steadily heading for the last few decades. You’re on board with that, right ? No complaints about how our “betters” are running the place ?

And all those people who can’t find work or afford homes in modern Australia, how do they fit into your “taking responsibility” worldview ? Should they be left behind as “unfit” ?

The problem I have is we end up in that Chinese social credit system where you have no liberties left.

No, we don’t. That is literally the complete opposite of where we end up. The “social credit” system – where you need to “earn” credit so you can “spend” it living in society – is where we end up if you market fundamentalists get your way.

The “social credit” system is a Libertarian wet dream. Those with the most “merit” win big, those without, are left to die.

I am not taking an even remotely extremist position. Unlike Libertarian numpties suggesting you can run a country on a couple of pages of legislation (for reference, just the US Constitution and Bill of Rights is around twenty, and it’s the briefest set of such documents in the world) and throwing non-sequiturs and ad hominems at anyone who disagrees.

That is generous imo. “sh!t bloke” implies they could still be intelligent. imo genuine libertarians (not the career ones) are almost always dummies; because they can’t get their heads around the idea that individual competitive interest can prevent progress. That individuals (even super intelligent ones) make decisions based on limited information of what they expect other individuals to do (eg. speeding through intersections) and you need an actor motivated by collective interest with complete information to prevent coordination failure.

@sweeper and dr smithy I try to be polite but you two are truly as dumb as dog sh!t. The very idea that ‘government knows best’ proves the point.

Day in the life of a libertarian: 1. Eat breakfast unaware the state has guaranteed the safety of the food. 2. Drive to work unaware the state is preventing commonplace accidents and gridlock. 3. Get to work unaware the state effectively sets the unemployment rate through it’s AD policies. 4. Carry out work unaware the State is the only thing standing in the way of them being sacked without notice because their boss had a bad weekend 5. Get home unaware the only reason all their home and contents are still secure is because the state sets the market price on theft. 6. Write a comment on a blog setting out how much better things would be if there were no nanny state.

I try to be polite but you two are truly as dumb as dog sh!t. The very idea that ‘government knows best’ proves the point.

@Sweeper There is no arguing with people like you – the State has you precisely where it wants you. You are a model citizen in that regard. You must be proud and they must be delighted. It’s a miracle you’re exhibiting dissent around the issue of immigration, quite frankly. Successive governments have fed you sh!t sandwich after sh!t sandwich and yet you still come to their defence. Astonishing.

In any event, you are welcome to your views. To paraphrase Voltaire: ”I don’t agree with what you say but I would defend to the death your right to say it.”

That’s what liberty means at the end of the day – being free to hold whatever thoughts you wish. It’s about being an individual not part of a group – a homogenous blob, a tired herd of Grouthinkers. Seriously, you should do some thinking of your own sometime — you might find it quite refreshing. In the meanwhile, good luck!

* investigate murder, theft, corruption * build and own infrastructure * stop riots * ensure that everyone has enough to eat (free food at school is a thing in Holland and even Michael Gove wants it) * ensure that everyone can get to school (free bus travel for kids – but the fake Greens do not care) * ensure that everyone has shelter (UBI)

@Jacob The state’s role is to protect property rights and to protect citizens and their property from harm.

Ergo, the state should provide an effective judicial system, a police force and a (limited) defence force to protect borders.

Sweeper’s multiple deluded statements, including gems such as: “… state is preventing commonplace accidents and gridlock …”, have no basis in reality. Commonplace accidents and gridlock are a fact of life for anyone living in an Australian city these days and occur precisely because of, not despite, the state.

The idea that the food we eat is only ‘safe’ because of the state is deluded. If there were an ounce of truth to that statement the human race would have died out along time ago. In fact, most 3rd world countries today have zero food safety standards and yet appear, in population terms to be thriving in a way that we simply aren’t.

I could fillet every other argument of his too, if I had the time or the energy, but he is pro-nanny state and I am on the other side, so that’s that.

Sheesh Jakov, there’s some common ground we share. Next step from there to pseudo democracy is “winner takes it all” system with infinitesimal electoral chunks which ensures duogarchy is not even threatened. Voting then makes even less sense and does not need compulsory epithet. But optics are great.

Jury duty is a lovely red herring. Casting own political opinion and casting human perception of justice are far from comparable. Most democratic countries don’t have jury in the legal system. Same for compulsory participation in political farce. Nothing ever changes in the parliament, ever. Changes only come from the street.

Does it ever occur you Statists that what you argue for is to have your hands held and your ar$eholes wiped. Aren’t you embarrassed? Perhaps not given you comment anonymously. How about exhibiting some self reliance every once in a while, take responsibility for own actions instead of blaming another party ie the Government (for not regulating sufficiently- or some such fvcking garbage).

The biggest threat to humanity is too many people demanding to be nannied and bailed out from all their failures.

Ergo, the state should provide an effective judicial system, a police force and a (limited) defence force to protect borders.

Yes you have. Not that long back you did one of your usual “statist” rants when I suggested that the state is responsible and necessary for a functioning legal system.

I see you seem to have reconsidered. Though I expect you would probably still take a position that the public defenders office should not exist.

The idea that the food we eat is only ‘safe’ because of the state is deluded. If there were an ounce of truth to that statement the human race would have died out along time ago. In fact, most 3rd world countries today have zero food safety standards and yet appear, in population terms to be thriving in a way that we simply aren’t.

The number of deaths from food poisoning in third world countries is an order of magnitude or two higher than first world countries.

Food standards are why you can pick up a packet of something in the supermarket and read a list of ingredients on the side.

You can’t even comprehend the arguments without fallaciously re-framing into something appropriately extremist for your mindset.

I lived in the UK fir a few years and voted. I was one of the few in my company that voted, and the electoral officials in my village said only 28% of the village voted on average. I’m not sure what the answer is, but it does not seem to work either way. We’re the deplorables and that’s the reality. Most pollies are corrupt and we get the crumbs, pay most of the tax …end of story.

Liz Allen alert, in Domain today: “” Much of our ‘population problem’ is of our own making “”

The fact that was picked up by Domain pretty much says it all. The ‘we just need better policy’ apologists are either deceitful or plain dim. The crush-loading with no policy is the policy.

You don’t make swathes of easy money by ensuring the environment is protected, that there’s infrastructure and planning rules to prevent over development, by building real schools (not just demountables), by ensuring traffic and transport is managed etc.

We as a society made a conscious choice 20 years ago that we’d rather insane house prices supported at any cost so the boomers could enjoy equity mate in retirement.

Well for once she’s sort of right. Much of the reason there are so many people is because of people!

“People, people who need people, are the luckiest people in the world……..” That’s why Australia really is the Lucky Country. It’s the Streissand Effect.

The HIA is much more ‘honest’. “He said the drop in construction could be held to the next couple of years as long as immigration numbers are not curtailed.”

I note the article did not allow for comments, even at Fairfax there are few people who defend our rate of population growth these days. I also note the headline had the phrase population problem in inverted commas. Sorry l didn’t post the link, dont know how to open a story on my phone and th

I note the article did not allow for comments, even at Fairfax there are few people who defend our rate of population growth these days, so I strongly suspect that was the reason. I also note the headline had the phrase population problem in inverted commas. Sorry l didn’t post the link, dont know how to open a story on my phone and then post a link, l use. my laptop to do that

Yes. Even at the Guardian (on Allen’s original release) the comments were nearly all negative, until they were shut down.

Typical of The Guardian, I am a close observer of which stories they open up for comment and which ones they do not. Generally anything they publish in support of A Big Australia they do not allow comments on. Always remembering these are the same imbeciles who call January 26, Invasion Day. So on the one hand January 26 is Invasion Day, on the other hand they support more and more invasion through their support of mass immigration and the Big Australia policy. Imbeciles. And here is the reason why… A third of all buyers: Indian migrants head out to the outer suburbs for home of their own

Yes Gavin, seen that at my cricket club with a couple of our Indian friends, out there in the west of Melbourne. . Relatively new to the country and in IT, they are very trusting of the system, I refrain from saying it is a bubble, its too late now in any case and what difference would it make what I say.

I think this article is all about trying to restore confidence given the collapse in the speculative (Indian driven) land market. A puff piece like this could serve no other purpose. The AFR is once again producing propaganda to serve its powerful masters.

@Gramus I agree. It was a full on puff piece. Designed to reassure the punters. Hence the talk of them not wanting townhouses or apartments.

So Mr Singh is buying a 4 to 5 bedroom house, and the parents come along to view the property. There are a lot of 1ndian households where there is the younger couple, plus both sets of in-laws, and they are quick to have babies, hence the need for a 4 to 5 bedroom house. Pooling their money together. An Aussie couple (of whatever heritage), doesn’t go in to buying a place with their parents and in-laws (let along live with the parents and in-laws). There’s not an even playing field anymore with the 1ndian and Chinese buyers and the big households that are buying places.

And Asians prefer to use underground train stations (Melbourne Central) while Indians prefer to use overground train stations (Flinders Street).

Looks like “size matters” and they will not live in a rural part of AUS. Better import farmers from South Africa instead. You know, people who have lived far away from a megacity their entire life.

in next few months we’ll see government conducting “stress tests” of our banks saying everything will be fine even if prices fall 30% than few months later banks will be declared junk and need a bailout

+1. It comes down to the definition of failure. A bank may be technically insolvent (negative equity greater than bank’s reserves) but as long as the loans are still being paid it may not be considered a failure. This happened during the GFC and it was all hush hush with the Banks violating ASX rules in not releasing information which obviously would have had a material impact on share price. The government, APRA, ASIC, RBA, were all in on it as well.

They will use the same playbook. As you suggest, it will all be “nothing to see here” propaganda right up until the breaking point where so many people have stopped repaying loans and the banks need to be bailed in/out.

There are a couple of points of difference to the US around 06-07. Firstly the no capital / neg cash flow portfolio investors and multiple lenders. Take those 2 cars in the garage, not only will that possibility trigger bankruptcy but may disrupt banks capacity to extend n pretend.

Tony double d, I think you’re right regarding the two cars. Cars are a lot cheaper in the USA, eg a porsche 911 is less than $100k, and f150 is Between $30k – $50k. So many range rovers and Macans stuck in Sydney traffic, servicing one of those bad boys is $1,500 a pop even if everything is in order.

The other difference, which I think will be the final straw is strata fees in Australia, in some places it’s $1,000s of dollars a quarter. have a couple of vacancies and it’s gunna hurt.

Mr Pearcey did not believe tensions with China over coal imports will affect the numbers of international students. “Most are self-funded, so it’s not as though the Chinese government has a means to turn that tap off,” he said.

Yeah, nah. Social credit system will be used to direct them to Chinese unis. Our unis will simply switch to india and Indonesia to fill the funding hole via mass immigration and residency. Labour’s idiotic plan to unfreeze funding will further trash the rapidly declining quality of our education system

Our units already have stacks of Indian students and Indonesia is a bit smaller than China. If China really goes there isn’t a replacement.

Also, it used to be that a couple of the largest education agents in China were state owned, at least one of them reporting directly to State Council level ie not regulated by the education ministry. All the big education agents in China have sections / divisions for each of the major markets (Australia, UK, Japan, Germany etc) and the agents used to push students into destination markets just as car dealers might push customers into say SUV’s rather than sedans. I have no doubt that if the system is like it used to be the Chinese government through education agents can sway which destination markets are favoured by students.

Well, our education brand is already damaged, so we may as well milk it to the last drop while it lasts, preferably all the way down to the bottom of the food chain.

I don’t know what cr*p Ian Jacobs is talking but Chinese student numbers at UNSW are up up up this year. UNSW might be a majority international student university already.

One of the comments said that 75% of first year business and engineering students at UNSW are now international and overwhelmingly Chinese. THAT is how extreme things have become.

I think Jacobs (the slimy used car salesman sort that he is) is positioning re the stated view of the soon to be new government.

I heard the same as a Sydney mate said that what his daughter told him when she enrolled. Kids usually don’t notice this stuff, but he said she was shocked.

I recommend Australian universities promote Foreign Student Starter Packs, with every degree purchased. It could include: a scooter (with carry tray), car wash pack, bunk bed and a paid subscription to

Here’s a real research topic for a demographer. Has extreme population growth economics impacted our critical social infrastructure.

Estonia is number 10. They’re going orright after their Russian adventure. What have they got that we haven’t?

“Estonia’s population growth is stagnant and expected to continue a decline. Its population today is about 1.28 million, which is expected to drop to 1.1 million by 2030 and 860,000 by 2060. Estonia was recently ranked as the 23rd fastest-shrinking country in the world with a 2050 population forecast at 1.22 million, a decline of more than 8%.”

Yeah, kinda what I was thinking. Those nice Estonians seem to rate quite well on a lot of indexes. They’re not alone on falling populations though.

Hmmm…countries that have had others tramping all over them. I think there’s something in that for all of us.

I believe Estonia knows it is never going to have a large population base (and physical might to thwart Russia’s physical presence). In stead, they are being smart and innovative, and pushing technological largesse.

On that shrinking population of C/E Europe article the very last sentence: “While the refugee crisis saw Germany’s population grow, researchers note that not even a million migrants will reverse Germany’s looming demographic decline.” So why on earth they [Germany] were trying to force other members take in “refugees” with the threat of fines if they clearly didn’t have enough of them?

The problem is that the cost of living in Eastern Europe is not low enough. The taxes are still pretty high, with VAT rates of 20%+.

Germany and the other Western Europeans states get free skilled labour, whilst Eastern Europe has to pay for the training and university education of its own young people who then leave.

That said, I have no idea why Europe doesn’t just open its doors to skilled young workers from the USA, Canada, Japan, Australia. You should just be able to be under 35 and pay 5000EUR for a work permit and be able to come and work in Europe as long as you like. Insist on a skilled trade or University degree if you have to, and offer it all in English.

Ah yes, that’s the other problem of Estonia. Who is going to actually learn Estonian, a language with potentially only a million speakers in future? They should just bite the bullet and adopt English as their official language, keep Estonian around in the museums and literature houses.

Yes, because a trade skill or university degree is the mark of a great migrant. Looks at 1ndian migrants…………. Nevermind.

I wish Australia had a unique language that no way was interested in learning (and I’m to going include Strayan as a distinct language). Estonia has itself protected in that regard. Keep your language Estonia, and keep your culture.

“New Zealand was the top performer in the region ( at No 8)” That’s not going to last long if what we see about us develops further (“You’ve done nothing wrong unless you get caught” is more than just a saying here)

O.K…here in mini developer central ( 4132 ), those who have to sell are finally making a move. These double blocks with a single house and easy development access were going for $ 410,000 at the top in 2016/17.. Last year they dropped to $ 375,000. The first burst of sales this year by those who have to sell because life moves on have just come in and they have dropped to $ 340.000. How long this will take to get into official figures is an open question.

Maybe I have been in stock markets for too long, but a fall from $410k to $340k doesn’t sound much. It is essentially the same as a fall from 20.5c to 17c, right?

No, you will need a fall twice as steep to shock a market. Then I bet people will start sweating…..

Yes, it is early days yet, but this is a problem for the 50 year olds because here these are mostly being sold for aged care deposits and the figures don’t add up any more so the heirs are having to put their hands in their pockets for Mum & Dad

I couldnt tell you for QLD real estate, but I have had it related to my by people inside HumanServices that they are seeing a spike in aged pension and aged care claimants who are coming up on random searches (for investigation purposes – and they ‘investigate’ only about 5% of claims) as having significantly more assets than they would be allowed to have while claiming the aged pension or other forms of social welfare. And what they think they are seeing is children of those in their late 70s and 80 [but in some instances 90s] have been stashing assets in mum and dads names and nobody is twigging until such point as the property is sold and mum or dads signature needs to be used, and /or mum and dads bank account needs to be used.

What there has also been a steady rise in is the identification of social welfare fraud (and again they only suss out about 5% of the claims – unless it is unemployment in which case they bend over and check out plenty) where mum and dad are claiming that they are separated and in the same abode (which somehow translates into higher pension/social welfare payment), and where they identify that there is no basis for them being paid the higher amount, and in some cases no basis for them being paid anything. This is leading to some instances where upon passing the department is claiming they want the money back (and one instance recently involved 28 years of aged care payments to which the claimant had no justifiable claim) involving a claim on significant assets the recently deceased may have intended for juniors in their 50s 60s and 70s even – and creating a right stink.

What I am told is there is a fair bit of this out there, and once the market for the goods being handed over starts heading south angst is mounting.

dumpling – one point of difference is that a fair chunk of people who put their money into shares do not do so using margin lending so if a share drops say 20% in price then that’s how much the average punter has lost ie 20%. But almost all buyers of residential real estate borrow heavily so if their property drops say 20% in price in the first couple of years of ownership their equity has been wiped out. 20% drops in individual stocks is not such a big thing, a 20% drop in house prices is catastrophic for large segment of the market.

That’s because when you look at shares you’re dealing with just the equity residual. Houses are more like Enterprise value, you’ve got the debt on top. If you’re levered a twenty percent fall in the price of the whole could mean getting wiped out on the equity, but without the limited liability.

@Gunna I know of older let’s call them ethnic (Mediterranean) folks who are claiming unemployment / pensions but also working and have been for many years. It makes me furious since I pay a large amount of tax each year and have never received any form of social welfare in my life.

“Given Keating was such a pioneer and champion of neoliberalism in Australia — effectively stripping power and money away from workers and poor Australians — it’s staggering, and certainly embarrassing, to see how progressives can carry on about him”.

Because they are not progressives. They are journalists. Form over substance people, who care more about rhetorical flourish than policy or society. And some of them still defend him which imo should mean they forfeit any right at comment.

Yup! “”effectively stripping power and money away from Australians”” If I knew how to overstrike I would have! I know your intent is correct and understand it. He destined Australia and its people to be debt slaves – with the exception of Bankers, lawyers et al.

And we have had 30 years of uninterrupted economic success without a recession since his work… Deregulating the banks was the right thing to do. Floating the dollar – everything. He was absolutely correct, Forcing Australian companies to compete on the international stage was also correct.

What was wrong was the Howard Costello largesse coupled with Abbott, Turnbul, Morrison refusal to deal with the housing bubble.

Right now Australia could have a massive car industry, manufacturing, export and high wages however that also requires acknowledging workers rights, not destroying their power with mass migration and destroying Unions.

The attack on Keating is from the same Taards who think the car industry shuttering was great and the FTTP is overkill for watching porn and vaccines give you autism – truly dim.

On the supply side the so called productivity dividend from Keating has been average. We had a slight pickup in productivity growth in the mid to late 90’s along with the rest of the world due to the tech boom. Since then multificator productivity growth has been weak. What productivity growth there has been has disproportionately accrued to profits. The gap between productivity growth and worker compensation since 1995 has been worse in Australia than in the USA – the intended result of Keatings IR changes and removing industrial power from the union movement during the Accord period. As above the only result from Keating disasterism has been to increase inequality. About 8-10% of national income has been redistributed from labour to capital (about double the same average redistribution in other advanced economies over the same period). In 1981-82 the Gini coefficient for household income inequality was .27 v .34 in 2016 (above OECD average). We compete on the international stage at virtually nothing except mining when we’ve got the best terms of trade since the gold rush. That’s why we’ve got a chronic CAD and now owe the rest of the world about $1T net (about 60% of GDP). Before Keating wrecked the country and we were competitive we owed about 15% (All mostly officially held)

Car industry shuttering started under Keating with the Button car plan of phased reduction in tarriffs. Holden closed plants in the 80s, in the early 90’s Keating let Nissan stop production (just after a recession) then allowed Ford to close plants. Hockey added the finishing touches to the Button/Keating car plan of industry “consolidation” into nothing.

It has been my experience that the only self identified progressives who still defend Keating today are people who spent the last 3 decades being Keating boosters and are not prepared to write this period off as an neoliberal intellectual sunk cost. But it is no big deal, they just backed the wrong horse – for 3 decades – because he was fun to listen to.

Anthropos Keating inherited a massive problem, The nation had been running a CAD for 30 odd yers by the time he came along and the squeeze was on. We had lost control of our economy. His choice was massive reform reorienting the economy towards the productive sectors or opening up to a further debt driven consumption economy. To be fair, most economists at the time could see nothing wrong with the latter option and any attempt to redirect the economy towards a more productive position to eliminate the CAD would have been political suicide.

So Keating et al decided to let it rip. The result is a consumption economy, rescued by the emergence of China boosting the mining industry, with a Trillion dollars of debt, 90 odd percent of its mining industry in foreign hands; most of its key manufacturing in foreign hands; the whole of the food chain outside the farm gate in foreign hands. Our currency is controlled by foreign speculators the US FED and the ECB and kept over-valued through the sale of any asset we can manage to sell to a foreign buyer. John Stone, the former Secretary of Treasury, at the time of the float of the currency, predicted that this would be where we would end up. He was exactly right.

Overall I have to agree. Blaming Keating 30 yrs down the track for how things have panned out when he had no opportunity to have any impact after he left is unfair. How is Keating responsible for the shuttering of the car industry because of the Button plan? He brought in change, but that doesn’t make him responsible for changes that others introduce after, otherwise the corollary of that is no change ever!

And btw, Hawke / Keating were not the instigators of the consumption society of today, that belongs to Howard.

I think Keating is well on the way to post marble status sometimes these days too, and I think his comments on Superannuation in particular simply dont get the predicament being faced by younger Australians. In addition to that I suspect he knows (and is therefore careful never to mention) the population ponzi, which he was very careful with when he was Treasurer, is the last floatie in the ocean for the Australia he bequeathed, and that therefor Australia’s longer term future is about being a low paying tourism/aged care facility come mining and farming entity – and destined to be the subaltern HnH regularly refers to to either the neoliberal American/global capital interests, or possibly a strategic prize for Chinese hegemony.

As someone who bought the Hawke Keating era, played something of a minor part in bringing about the better economic competitiveness the era did actually craft, I still believe that what that era and what that enormous expenditure of political reform did for Australia was buy time. I still maintain that what Hawke Keating did was put Australia on the road to being a meaningful economic player, but still leave Australia with plenty of work to do after they were gone to actually be an economic player OR allow successor Australians to coast along not continuing their efforts, which would ultimately lead Australia back the full circle to the Australian economic position that Hawke Keating faced – that of economic irrelevance, and reliance on mainly mining (some agriculture, possibly some other resource bounty, but mainly mining).

From that dynamic flowed the other strategic partner question. Do we structure Australia to be a mining and agriculture population – therefore probably only needing to be 3-4 million – and allow all of Australia’s culture, science, technology to be imported from elsewhere, and the population that performs that mining and agriculture operation to relate its quality of life to those doing those functions elsewhere (poorly paid, menial living conditions).

Does Australia seek to shape its own outcomes, and most importantly provide the quality of life and services that its people aspire to, which implicitly means that Australia produces goods and services with which to exchange for those desired from elsewhere, which are desired by elsewhere in exchange. This implicitly means the economy need be globally competitive and find niches for its products globally.

What in 1982 was fundamentally obvious to everyone, but which an entire nation has lost sight of since, is that Australia cannot assume that it can provide a first world quality of life for its people having only a resources and agriculture economy. The resources and agriculture economy is inherently …

:- A price taker :- Has a declining terms of trade over the longer term :- Is subject to booms and busts :- Requires a strong central government transfer mechanism to distribute profits amongst the wider community :- In Australia’s case implies that its major economic conduits a small number of foreign owned companies (start with BHP and RIO, then move to Shell Chevron etc) who are a pernicious influence on governments elsewhere (and will presumably seek to shape Australia to their interests)

…..and over the longer term will push the costs of the downturns onto Australians and seek to accrue the windfall proceeds of the booms to themselves (the companies doing the extracting).

OK I get points that people like Sweeper would make that the Keating reforms have opened the way for successor governments to follow on from the steps that Hawke Keating and recreate the mining agriculture boom bust economy Australia had prior to the second world war, and had determined in the post war era needed to be diversified for strategic purposes after the experience of WW2. He (Keating) failed possibly to grasp that conservative Australia – essentially all governments after 1996 – would deliberately take steps to hold the pillow over Australia’s export facing non mining economy, to embed uneconomic expenditure in the mindset of a whole society, and position that society in such a way as to embed the greed of one generation (the babyboomers) in such a way as to ensure this needed to be born by successor generations who would be consigned to debt serfdom by the prioritisation of boomer entitlement – and that Australian policymaking would buttress that entitlement and that economic dynamic.

I think it easy to identify from 2019 that the latter has, in fact, happened, and is the row Australia of 2019 needs to hoe from here on in – and the backdrop to all policymaking for an incoming ALP government (which I am doubtful will deliver much in the face of that). But I think it unfair to Keating and Hawke (I rarely think of one without the other, neither would have been possible without the other) to apply that viewpoint to them.

In 1982 Australia demonstrably did have the world greatest industrial museum, it had been through mining busts in 1982 and the late 60s, it had been through the global stagflation of the post OPEC inception, But it had also miraculously also run an extensive immigration program in the post WW2 era which had created a manufacturing and industrial sector and had palpably delivered a society which was harmonious, generally law abiding, which the Whitlam era had shown had some merit as a cultural player in its own right. It had a fixed exchange rate (as did most of the world then) relatively rigid labour markets, a sclerotic financial system, increasingly significant unemployment issues, a major pension funding issue looming on the demographic horizon, and a potential balance of payments problem down the track. This was what Hawke Keating addressed.

I don’t think Keating in his wildest dreams ever thought Australia was set on the right path once he had implemented his reforms as Treasurer, and that the path he had chosen would never change. Every public sentiment I have ever heard him utter since (except those bagging Hawke) has been about public policy. Some I agree with and some I don’t.

But I do think that blame for what Australia has economically degenerated into needs to be placed at the feet of successor governments. Keatings Australia tried to make Australia competitive, Howard and Abbott/Turnbull/Morrison have been all about actively offloading global facing sectors of the Australian economy other than mining or agriculture, and ensuring they never come back , with the intervening Rudd Gillard ALP government about softening the pillow of the dying dream of a globally competitive value adding, high income Australia.

As plenty of people have pointed out Australia has built up its own economic cul de sac over generations, the policy can kicks and the debts and the economic assets sold offshore. In the aftermath of WW2 we told ourselves we needed to be in a cul de sac to protect the competitive economy we were creating. Then Rattigan and people like Whitlam and the more economically literate of the LNP governments of the late 60s identified that it was by that stage imposing greater costs on Australians than it was protecting their interests. The years since Keating have all been about Howard and the nuttercrats or Rudd/Gillard and the ALP short step society telling us that the cul de sac is comfortable, the cul de sac is normal and the cul de sac goes on forever, and the cul de sac could do with more people, higher house prices and babyboomers deserve a better deal. It was only ever Hawke Keating who tried to plug the real world into the cul de sac and make it work, and tell Australians that the real world is where they lived.

Whether we like it or not the question facing Keating was do we protect once more and think small or do we straighten up economically and engage, and if we are to engage how are we best to do so? (for the current and longer terms). Keating and Hawke chose the latter. For sure that choice contained within it the very real risk that successors would change things in ways he didn’t think appropriate.

Along the line in the years after Keating departed stage left, the capital gains tax concessions and negative gearing, the decision to fry export facing Australian industry to nail inflation during a 1000 year mining boom which died 4 years after it was born, a Treasury promulgating a debt = growth and immigration = GDP ideology, a Treasurer shackling babyboomer entitlement to the economy, and banking, energy, real estate and academic sectors all being pushed to utterly ream both the economy they exist in and the societies they service in the name of short term profits, have all played their part in ensuring those risks are the experience of the economy we see today. Sure, Keating (and Hawke) may have opened the door to neoliberal masturbation, but he (or they) are not the people who walked us through. We have, we of the generations which came after them, we the politicians who have become ever more diminished. If we don’t have the Scandinavian style niche economies, or we don’t have the sovereign wealth funds raking in cash, or we have cashed in our educational institutions to prostitute immigration then that cant really be nailed back to Keating.

What Keating and Hawke bought Australia was time. In 1983 Australia didn’t have time. It was (as John Stone and others have rightly identified) a national margin call away from a balance of payments crisis, it had a moribund economy, it had significant unemployment, and a burgeoning pensions issue. Whether we like or dislike the opinionated nutter we see on TV chat shows today is irrelevant. For mine the fact remains that Keating (and Hawke) bought Australia that time, indeed I think it easy to posit that they bought Australia an entire generation of epic long term policy cock ups, and political short steps. Was it perfect, nup, did it make some mistakes, yep, but did it sort out a mess of the economic present and present a platform for addressing the economic future? I reckon yes.

If we observe that fate happens once as tragedy, twice as farce, and ever after as a TV miniseries, then Australia’s real tragedy is that sometime in the next few years Australia is going to have to revisit almost exactly the same issues that Keating (and Hawke) addressed. For sure it could do things better next time around, but as is also palpable with every government which has come after Keating’s 1996 demise, it most certainly could also do a whole load fucking worse.

The Christchurch City Council was designed to fail back in 1989, with then Local Government Minister Dr Michael Bassets disastrous forced local government amalgamations.

There are two types of local government in this world – the small and the bad … which explains why the adjoining units of Selwyn and Waimakariri work, while in contrast, the costs – out – of control bureaucratically bloated Christchurch Council doesn’t.

Out of the Peoples Protest early 2012 ( google search … Christchurch: The Way Forward | Scoop News ) there were demands to start on the path of restoring community control … which subsequently Christchurch Mayor Lianne Dalziel and Chief Executive Dr Karleen Edwards supported … but sadly failed to achieve.

“There are two types of local government in this world – the small and the bad“. That’s certainly our experience in Qld – when they amalgamed the councils the dodgy developers were drooling with anticipation.

And of course, the worst amalgamation of them all (?) was the 2010 Auckland one – when 7 autonomous city councils were combined into just the 1.

Janet … What makes it even worse is that Michael Basset (1989) and Rodney Hide (Auckland 2010) should have been staunch defenders of effective local control and governance.

Wanaka’s housing market is booming and affordable housing is in high demand, so why are five out of 10 KiwiBuild homes are sitting empty?

More than 200 KiwiBuild homes have been earmarked for Wanaka’s Northlake subdivision with the expectation they’ll be built in the next two years.

The original 10 were offered in a ballot, but only five have sold since October. … read more via hyperlink above … . . The KiwiBuild failure should galvanise urgent action on NZ’s housing disaster – EDITORIAL – The Listener . . … read more … recently updated …

one from the last week Auction results:

Kevin Rudd’s contribution to housing affordability. Putting a rocket up the bottom end of the market.

I think the US has so many secret government oranisations, each with their own agenda, it is impossible to know what US policy might be. One thing is sure. They have spread death and destruction across the ME with catastrophic results.

I think that’s the point. The only logical reason for the Iraq war was to destabilize the Belgium of the Middle East and set the region at each other’s throats.

If Turkey Saudi and Iran are fighting each other directly or by proxy they aren’t harassing the west. Fracking in the US is the cherry on top.

Wish I started a few hours earlier today, I gotta mix up by hand 25- 30 bags of concrete in a barrow to redo pathway I chopped up to fix an old earthenware Storm water pipe, and its starting to get hot. Combined with all the obease people milling around the sauage sambo tent at Rydalmere Bunnings Ive decided to go without breakfast and just get a Coffee from Maccas on the way to the job.

Rules for life, never starry you day on just Coffee or Macca’s.