Articles from Club Troppo
Here’s Phil Lowe reporting on the RBA’s failure to meet its performance targets and refusal to do anything about it:
This decision [to cut rates by 0.25%] was not in response to a deterioration in the economic outlook since the previous update was published in early May. Rather, it reflected a judgement that we could do better than the path we looked to be on.
Yesterday I was chatting online about Wednesday evening’s dreadful shooting massacre in Darwin (like many shocked people here). I posted a comment listing the various murder scenes, saying: “A fourth was murdered at 18 Gardens Hill Crescent (or Gardens Rd, not sure which).”
There is a widespread consensus in Australian policy circles that Australia should follow the US in almost any foreign adventure, though preferably on the cheap. The shining example of this was John Howard’s decision to publicly support the US in its war in Iraq in 2003, and yet send only a 1,000 marines or so. Maximum alliance points, minimal actual risks and costs. Well done, John Howard.
Values are observed in actions and choices, and rather less so in words. Competition policy has been applied with great relish to the labour market – at least at the bottom end. (Subject to our relatively generous basic and award wage arrangements).
This is a guest post by Brian Schmidt. Actually it isn’t, I’ve cut and pasted. I hope he doesn’t mind. Important stuff. HT: John Walker
Everyone in my office grew sick last week of my continual complaints about the state of the political polls. Not because of any insights into the results they were predicting, but because they were all saying the same thing with a collective similarity that violates the fundamentals of mathematics.
I worked for the early Hawke government in 1983 and 1984 when I worked for Senator John Button. Hawke barely knew me then or later, but in 2003, I attended a dinner at Moonee Valley Racecourse in honour of the 20th anniversary of his election. Anyway, I happened to be at his table and made a point at the end of the dinner of going up to him, shaking his hand and saying “Thanks for being the only really good prime minister of my lifetime,” an assessment which I hold to this day.
Episode 5 of the final season of Game of Thrones showed us a vengeful fallen angle, Daenerys Targaryen, after whom thousands of children in the real world have been named. Even though her enemies had been defeated and surrendered, she nevertheless used her massive weapon, a fire-spewing dragon, to kill hundreds of thousands of civilians. We get to experience this from the point of view of the victims who are incinerated, men, women, and children.