Blog

Bitcoin drives climate change

Bitcoin is having a massive impact on the future of this planet. It’s shaping up as an environmental disaster with a carbon footprint as big as New Zealand’s, and it’s growing. A year ago, Bitcoin was worth less than a thousand dollars per coin. It climbed to over $5000 per coin by mid-October. Today the…

What to expect now that Michael Flynn has pleaded guilty

So former United States national security adviser Michael Flynn has pleaded guilty to lying to the FBI in the federal investigation into Russia’s alleged interference in the 2016 presidential election. The big worry for Trump is that Flynn has agreed to cooperate with the ongoing investigation into alleged Russian meddling in the election, led by…

Bitcoin – another Tulip boom

Much has been made of Bitcoing surging past $11,000 Bitcoin has risen tenfold in value so far this year, the largest gain of all asset classes. Everyone from Wall Street executives to venture capitalists have been weighing in with their forecasts. Some are sceptical and some are tipping Bitcoin will “go to the moon”. CME…

The irony of the link between citizenship, refugees and indigenous affairs

There is a delicious irony about the High Court’s ruling on the so-called Citizenship Seven which has ruled certain parliamentarians are ineligible to sit throwing the Australian government into turmoil. The gate-keeping around Section 44 of the Constitution is critical for a country founded in 1788 on the fiction that it was once a “terra…

Trump vow to declassify Kennedy files is a distraction

So President Donald Trump has tweeted that he will declassify the long-awaited files into the assassination of President John Kennedy in 1963. Of course its bullshit. Trump is trying to make out that it’s his decision when the long-secret files are scheduled to be released by the National Archives next week as the 25-year deadline set by…

What’s ahead for the Minerals Council of Australia?

There’s no doubting the power of the Minerals Council of Australia. Bankrolled by mining giants like BHP, Rio and Swiss-owned coal giant Glencore it will launch campaigns and destroy politician that don’t fit in with its agenda. Witness the way it got rid sitting Prime Minister, Kevin Rudd, from office with its $22 million advertising blitz…

Australia’s energy crisis shows the stupidity of privatisation

This week saw the Turnbull government monstering AGL to keep its loss-making power plant open. That’s right, a Liberal government, supposedly the champion of private enterprise, telling a business to keep its unprofitable operations open. That of course followed the warning from the Australian Energy Market Operator that the closure of Liddell would lead to blackouts. And…

Why climate change will devastate Florida

So Irma is now zeroing in on Florida After causing devastation in the Caribbean leaving at least 21 dead and thousands homeless, there are now forecasts that it will have an impact on the US economy. There are forecasts of damages topping $135 billion in Florida. And other economic losses could push the price tag as…

Laws of mathematics don’t apply to Australia: Malcolm Turnbull

The laws of mathematics state there are problems breaking end to end encryption. As Pursuit points out, modern encryption uses maths. How so? Well, there’s an algorithm on your computer that transforms your message into a sequence of ones and zeros that’s meaningless except to a reader who knows the secret key that can transform it back,…