The Government's ‘slash and crash’ Budget was left largely unscathed by Keir Starmer’s party. Why?
Economy
Last Friday the All-Ords share index finally escaped its straitjacket of see-sawing sideways within a range of roundly 6,600 to 7,900 since April 2021. The All-Ords reached 8007.1 points, beating its previous high on the 4 January 2022 (7926.8). See chart below. Technical analysts view this breakout to be a particularly good omen. The breakout Continue reading »
AUKUS. The most disastrous defence-policy mistake in our history: In a class of its own as an exemplar of bureaucratic incompetence. In his recent edition of Australian Foreign Affairs, “Dead in the Water, the AUKUS Delusion”, Hugh White argues convincingly that Australia does not need nuclear submarines, and is seeking to acquire them under a Continue reading »
The Albanese government is about to free the Reserve Bank of Australia from a rarely used constraint allowing a Treasurer to override a decision of the central bank, such as a policy to push interest-rates so high they cause a severe recession. The Treasury has no such freedom. Nor should it. It can’t slash taxes Continue reading »
As opposition to AUKUS grows, the nuclear submarine project does not stand up to expert scrutiny. There is no doubt that opposition to the AUKUS agreement is growing within the Australian public. The more people see through the secrecy and obfuscation; the more they learn about the project’s far-reaching implications for them and the nation, Continue reading »
The Australian government has decided to ignore critics of Aukus in parliament and the community. Rather it has moved to embed the idea of Aukus directly into the Australian psyche. We Australians consider ourselves a straightforward lot. We prefer to speak our minds simply and honestly. We do not readily embrace ideas such as weapons Continue reading »
If it wasn’t already clear, the writing is now well and truly on the wall for the fossil car makers: Just a week after BYD launched its $US15,000 “Corolla killer” and with the world’s largest EV battery maker recently announcing it’s on track to cut battery costs in half this year, new research suggests the decline in Continue reading »
When do shared values become shared interests? Australia’s relations with India have accelerated exponentially. The nearly century-long pattern of discovery and rediscovery of India by the Australian polity is now history. Durable knots are being tied across the spectrum of political, economic, and social issues. No one-night stands anymore. It is all so reminiscent of Continue reading »
Thucydides has Pericles, the great Athenian statesman and strategist, observe that “Mastery of the sea is no small matter”. The Defence Minister should have been mindful of Pericles’ words as he launched the Enhanced Lethality Surface Combatant Fleet (ELSCF). Or he might have recalled Pericles’ caution that “I am far more afraid of our own Continue reading »
21 days after the Federal Government did an about-face on its earlier promise to maintain the previously legislated income tax regime, it has secured passage through the House of Representatives of major changes to Australia’s income tax legislation. But speed and the evident equity in the major part of those changes, principally directed at “middle Continue reading »