Monday, 3 February 2025

Misinformation and disinformation

 Last week saw the release of AEMO regulars quarterly release. It showed in the last quarter wholesale prices FELL in Victoria and SA where renewables rule but rose quite a bit in NSW and Queensland.

That very day I heard on the news on commercial radio from the Opposition's spokesman that this meant renewables caused pice rises. That night on Sky after dark I heard some boz from the IPA assert renewables always mean price rises and only coalfired electricity could bring prices down! It reminded me the last time Melbourne had a blackout when three units of a coal fired power station had broken down yet the black out was the renewables fault.

In all theses case the people are arguing black is white. In other words it is the opposite of what has occured. 

The major problem is if people  believe these lies we wi head down a path that leads to both blackouts and higher prices. It does remind me of the old 1950s style commies. Never mind the facts it is ideology that counts.

Err Brookfield knows what is going on. I hope they are right


I should have added if commercial radio cannot even eread an AEMO press release then perhaps they should interview anyone on the subject. It does highlight problems of the lack of journos in the commercial media now.  The IPA apparently believes in private enterprise. They might cogitate on why no-one wants to build a coal fired power station in Australia. They would if it was the cheapest form of electricity!

Sunday, 2 February 2025

Anti-semitism It gets curious and curiouser

 In no order of importance a few things to think about.

Albo

Albo has consistently criticized any anti-semitism in Australia.  Both he and Minns criticised the latest alleged incident. Minns was lauded whilst Albo was criticised. Huh. The only difference was Minns swore!  So if you don't swear you are timid???

AFP

THe AFP are wondering aloud where foreign money is directing most of these incidents. Hang on. If this was the case then the reason for the incidents was not anti semitism but simply good old fashioned criminality. and why is foreign money coming in. Lydia Khalil could be on the money.

Caravan

A caravan was found with explosives that could be used to blow up anything. It also had documents involving synagogues in sydney.  Just a minute the explosives found were so old they are no longer used in coal mines. There were NO detonators. The Caravan was parked illegally for over a week and then was taken in a by person who then looked in it. He then contacted the police

Sure don't sound like any attempted terrorist attempt to me. It sounds like sheer incompetence.

Thursday, 30 January 2025

Around the Traps 31/12/25

 It is time again for Around the Traps.

Aussie,Aussie,Aussie,Oy,Oy,Oy

OZ Climate

Northern America

Europe

Asia

Wonk

General

Climate

Andrew Gelman (mainly stats)

Dianne Coyle ( quirky + book reviews)

Vox Wonk

Wednesday, 29 January 2025

The RBA has no excuse for not cutting rates

 The quarterly CPI was released yesterday and it came out lower than expected again.

See HERE and HERE.

Annual inflation is 2.4%. The trimmed mean is 3.2% and in six month annualised terms it is 2.7%.

The trend is down and stil lgoing down. All the business surveys confirm this.

For too long the RBA have been concerned about a tight labour market. Wages are not a  problem.

They need to cut rates now.

This also confirms Bulloch was the wrong choice. If Lowe had to be replaced then his deputy made no sense and unfortunately experience tells us the RBA is making the same mistakes they did when Lowe was in charge!  THE RBA needed a modern Bernie Fraser.

Tuesday, 28 January 2025

Band of Brothers

 My eldest son told me ha had one month of binge and he wanted to watch Band of Brothers.

I told him I watched it when it first came out and it is fantastic. Watching it a second time I can confirm this.

Do yourself a favour and watch it. you can go straight to episode 2 if you have limited time

Monday, 27 January 2025

electricity bills

 We have a household of 4 yet we used to be told our usage was that of one that had 2 and half people and we still got bills of over $400! This means any other household would be getting quarterly bills of around $800- 1k. Why did they stop putting out the information? Perhaps because the bills did not correlate with the usage?

We recently put on more solar panels.This meant that with the government rebate and our solar feed we got a quarterly bill of $75. Despite not getting much for our solar feed we do export quite a lot at present despite people working from home three days a week.  The payback period now appears to be much shorter then we calculated! My guess is we will put in a battery when they stop all solar feeding.

I'm told taking a shower at night uses more electricity than anything else so the payback period might be shorter as well depending on quickly we adopt renewables.

Sunday, 26 January 2025

A few things

 Australia Day

I get sick of this. Australia became a nation on January 1 1901. Why are we possibly the only country in the word that celebrates its national day on the wrong day?  It is like celebrating your birthday on a day on which you were not born.  Only in Australia.

Trump

I am shocked , totally shocked that a convicted criminal would break the law and stop any impartial investigation of government.

UK

The media get something wrong about economic policy.  I missed this and it appears it did not matter!

Thursday, 23 January 2025

Around the Traps 24/1/25

 It is time for Around the Traps again.

Aussie,Aussie,Aussie,Oy,Oy,Oy

OZ Climate

Northern America

Europe

Asia

Wonk

General

Climate

Andrew Gelman (mainly stats)

Diane Coyle  ( quirky + book reviews)

Vox Wonk

Wednesday, 22 January 2025

what is it about solar?

Just read THIS.

Do people realise the Federal government (m or State governments) do not diresc public companies where they invest? Certainly the companies need to meet laws to invest but they are NEVER told where to told where to invest.

Let us give an example. The government can say hey you can invest in an offshore wind farm in this area BUT they are not forced to invest there. They will only invest in they get the appropriate return

I should not have to say this. This is what happens in a  market system.

DUH!

Sunday, 19 January 2025

Double Jay rock

 2JJ started 50 years ago and it was fantastic.

(Before this the only decent music was on 2BL on Monday night with Chris Winter's room to move essential listening. The program before him by Rod someone was pretty good as well )

The same song was not played on the same day. They mostly played album tracks that the commercial stations avoided. I remember it was the first time I heard East West by the Butterfield Blues band.

The morning program was as funny as anything and on sunday we got nude radio by essentially the Aunty Jack team. I think they were eventually replaced by Roy Slaven and HG Nelson with This Sporting Life.  It was humour at is very best!

Doublejay rock was great for a while but then ran out of steam. I was no  longer listening when it converted to FM and became 2JJJ.

But in its heyday it was wonderful to listen to. Cannot say that about any radio station today!

Thursday, 16 January 2025

Around the Traps 17/1/25

 It is time again for Around the Traps.

Aussie,Aussie,Aussie,Oy,Oy,Oy

OZ Climate

Northern America

Europe

Asia

Wonk

General

Climate

Andrew Gelman ( mainly stats)

Dianne Coyle ( quirky + book reviews)

Vox Wonk

Wednesday, 15 January 2025

We shall see if the ALP are hopeless or not

 At present the LNP are leading in the polls slightly but they are leading.

Although there is a lot of talk about inflation I have yet to hear from the ALP that inflation was rising when the last government was in power. Indeed interest rates were raised in the last campaign! Although it would be unfair to say inflation was their fault, that's politics. No journalist has queried the LNP about this.

Then there is the budget. the LNP made NO effort to repair the budget. Although the ALP made some minor improvement in the structural budget deficit they di not increase it. A strong economy allowed for a significant improvement in the budget balance. As I have repeatedly said it is very hard to repair the budget when the RBA is raising rates. It would be hard to avoid a recession by repairing too hard.

Quite clearly the LNP if they are to be believed would have put Australia into a severe recession. Of course one could be sceptical given their record in government.

As you can see there is  plenty of ammunition to hit the LNP  yet it is not happening. I might add the media again does not ask obvious questions to the LNP on fiscal policy.


Let us go to Immigration. Dutton has said he would massively cut immigration BUT would increase skilled labour to build homes. It means a huge cut to international students for example and essentially no more family reunions. When asked about this Dutton has said He favours better treatment for pensioners so they can increase the labour force. Huh A 68 year old tradies does not want to continue to work!

Plenty of ammunition to attack for the ALP but I have yet to hear them.

Finally there is the LNP's nuclear nonsense. Perhaps the ALP  is waiting for the election campaign but they should not. Apart from the nonsensical 'research' which should get a large workout in an a campaign. We have really yet to hear the ALP really hit the LNP with the huge costs involved, the large price increases which would occur by relying on gas and coal before nukes come on board. Will the LNP demand retail companies buy nuke power or will they subsidise it so it is then competitive with renewables.

Given the large number of people who have solar panels they have yet to say this MUST be curtailed if you have base load power.

As you can see there is plenty just on these few topics to attack the LNP but little coming from the ALP ( or from journalists)

Tuesday, 14 January 2025

Monday, 13 January 2025

how do you combat anti-semitism?

 I have heard a lot of people say governments should do more to combat anti-semitism.

Just this morning I heard a young lady ( they are all young now!) say this very thing. Then purely as an afterthought she said well very few people have been arrested.

Perzactly. Until some-one is arrested and then prosecuted and then sentenced we do not know if we do need greater penalties. If no-one is arrested then sentences become academic! Remember too anyone arrested will get the full media treatment. That will be probably a greater deterrent than any sentence.

There is simply far too much posturing on this very important topic.

Sunday, 12 January 2025

A few articles on the LA fires

 These fires are terrible.

Here is Noah Smith's opinion. Tyler Cowen thinks it is pretty good!

Next we have some from Kevin Drum.

HERE and HERE ( this is more general and long but very good.)

Thursday, 9 January 2025

Around the Traps 10/1/25

 It is time again for Around the Traps.

Aussie,Aussie,Aussie,Oy,Oy,Oy

OZ Climate

Northern America

Europe

Asia

Wonk

General

Climate

Andrew Gelman ( mainly stats)

Dianne Coyle ( quirky + book reviews)

Vox Wonk