Archive for August 2016

Why the Australian economy is stuffed

During the week, we had the Australian Treasurer Scott Morrison trash talking the Australian economy, warning that Australia risked falling into a recession. It’s not a good look. He also talked about “the taxed and the taxed-nots”. Not exactly an original phrase. He borrowed it from Fox News nut case Dennis Kneale. Morrison borrowed Kneale’s line that a…

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Turnbull’s Northern Territory whitewash

Australia has a deep tradition of racism towards its First People and the Turnbull government’s calling of the Royal Commission into the abuse of youths in the Northern Territory corrections system following explosive revelations aired on the ABC’s Four Corners program on Monday night only confirms that. What would a Royal Commission achieve per se? It’s been…

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Does Trump plan to throw the election

Donald Trump’s candidacy for President of the United States has been an example of kamikaze politics. Who in their right mind would run for President of the United States and alienate the Hispanics, the one group the Republicans need to get on board in order to win? According to the Washington Post Donald Trump is now doing…

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Central banks driving Donald Trump and Brexit

The populist anger expressed in the Brexit vote and the underlying support in the US for the dark vision of Donald Trump can be sheeted home to the central banks around the world. Following the global financial crisis in 2008, central banks in the US, Europe and Japan slashed interest rates close to zero. Some…

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