Among the breathless press announcements coming out of San Diego on 14 March was that the spent nuclear fuel reactor cells for our submarines would have to be stored in Australia. This on top of the unexplained escalating costs of the subs, estimated delivery not until 2042, and three hand-me-down stop-gap Virginias possibly available around Continue reading »
Economy
Rex Patrick’s analysis of the government’s AUKUS nuclear-powered submarine decision (Michael West Media 14 March 2023) illustrates the one-sidedness of this insane deal. Patrick also sets out a rational and cost-effective alternative to the expensive and inappropriate nuclear subs which serves to highlight some of the significant opportunities lost by the wasteful and ill-considered over-spend. Continue reading »
Before the election I wrote our leaders were dancing on the edge of calamity shutting their eyes to the obvious gap between the Commonwealth’s revenue stream and its growing spending commitments. Decades of giving long term tax reductions funded by short term spurts of revenue, usually from mining, had come home to roost. Albanese, spooked Continue reading »
Whilst much has been made of the extremely intemperate attempt by the Channel Nine newspapers to stir up fear against China, and their lauding of the AUKUS agreements and the massive amounts to be spent on nuclear submarines, little has been said about how this has been a distraction from fundamental issues the country is Continue reading »
Speaking out strongly against AUKUS at the Press Club yesterday, Paul Keating’s concern is that Australia’s security has been laid limp upon the altar of small target politics by the two key Ministers – Foreign Minister Penny Wong and Defence Minister Richard Marles. Australians have been denied knowledge and debate on existential matters, by Labor Continue reading »
Buried in the Chancellor's Statement is news the UK will suffer a sustained period of low growth, high taxes and a record-breaking fall in living standards, reports Adam Bienkov
The lockdowns and the stimulus required to keep the economy alive helped drive inflation. Then the Fed jacked up interest rates. And all hell broke loose. On Friday March 10th, 2023, Silicon Valley Bank (SVB) died of Covid. Alright, it’s a little more complicated than that, but Covid lockdowns followed by massive government stimulus were a critical – and massively under-acknowledged – factor in propelling the bank’s demise. At the heart of the crisis is the gigantic pile of low-interest […]
The post How Covid lockdowns primed the current financial crisis appeared first on The Grayzone.
Rather than offering wages attractive to adults, there is an unconscionable push to bring back child labor.
The post Employers Want to Bring Child Labor to Some of the Most Dangerous Jobs in the Country appeared first on scheerpost.com.
The Bureau of Prisons proposal would automatically deduct three quarters of money sent to prisoners—today is the last day to submit a public comment opposing this measure.
The post New Federal Proposal Could Seize 75% of Commissary Funds Sent to Prisoners appeared first on scheerpost.com.
With the re-opening of China and with the ending of Covid restrictions, a new confidence seems to be surging through the country. While the next two years are seen to be a particularly dangerous time, with the real prospect of armed conflict with the US, beyond that it is felt that China’s time will have Continue reading »