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IndyWatch Bairnsdale VIC All Topics Summary was generated at Bairnsdale VIC IndyWatch.
Here are the answers with discussion for this Weekends
Quiz. The information provided should help you work out
why you missed a question or three! If you havent already done the
Quiz from yesterday then have a go at it before you read the
answers. I hope this helps you develop an understanding of Modern
Monetary Theory (MMT) and its application to macroeconomic
thinking. Comments as usual welcome, especially if I have made an
A national government can run a balanced fiscal position (taxes equal spending) over the economic cycle (peak to peak) as long as it accepts that, after all the spending adjustments are exhausted, their strategy will ensure that households and firms overall spend more than they earn that is, run down previous savings or accumulate more net debt.
The answer is False.
Note that this question begs the question as to how the economy might get into this situation that I have described using the sectoral balances framework. But whatever behavioural forces were at play, the sectoral balances all have to sum to zero. Once you understand that, then deduction leads to the correct answer.
The trick in the question is that it invites a confusion between the factual (accounting) statement a government deficit (surplus) equals $-for-$ a non-government surplus (deficit) and the proposition put.
The households and firms overall do not exhaust the non-government sector. So what happens when the governments runs a balanced fiscal position to the private domestic sector balance (the households and firms) depends crucially on what happens to the external sector.
To refresh your memory the balances are derived as follows. The basic income-expenditure model in macroeconomics can be viewed in (at least) two ways: (a) from the perspective of the sources of spending; and (b) from the perspective of the uses of the income produced. Bringing these two perspectives (of the same thing) together generates the sectoral balances.
From the sources perspective we write:
(1) GDP = C + I + G + (X M)
which says that total national income (GDP) is the sum of total final consumption spending (C), total private investment (I), total government spending (G) and net exports (X M).
Expression (1) tells us that total income in the economy per period will be exactly equal to total spending from all sources of expenditure.
We also have to acknowledge that financial balances of the sectors are impacted by net government taxes (T) which includes all tax revenue minus total transfer and interest p...
Mycobacterium avium intracellulare cultured from the immunoblastic sarcoma/lymphoma facial tumor. Note the pleomorphic forms, such as acid-fast rods and non-acid-fast (blue-stained) cocci. Ziehl-Neelsen (acid-fast) stain, x1000, in oil. Copyright Alan Cantwell, MD
by Mary W Maxwell, LLB
The five parts of this Coley series that Gumshoe has published so far were strictly about Coley. And today, too, I will include another case study from the book-size article by his daughter Helen Coley Nauts.
But first to something new under the sun.
At least Dr Robert Gallo says its new. The Proceedings of the National Academy of Sciences in the US describes a breakthrough (maybe) in cancer treatment based on realization that bacteria play a role in cancer.
This is 2018. But forty years ago, in 1978, Alan Cantwell, MD, published his first study of bacteria in cancer. He did not come to the idea theoretically, although later in cahoots with Virginia Li...
Jura will be open all week from the 17th til the 23rd of December, so come on in an stock up on some anarchism and check out our new titles!
The moisture from Tropical Cyclone "Owen" is feeding the low-pressure system over Victoria this week, bringing record-breaking rains and floods to the region. The worst affected were northeast and northwest regions of Victoria, around Birchip, and east of...... Read more
Want to solve climate problem? Nuclear isnt the answer https://www.downtoearth.org.in/blog/energy/want-to-solve-climate-problem-nuclear-isn-t-the-answer-62428
Alternatives to nuclear energy, in particular renewable sources of electricity like wind and solar energy, have become drastically cheaper. By M V Ramana December 2018 It is nuclear power that will be the main tool to reduce emissions...
 Nathan Gerrarde Kinkade was charged with committing offences of a sexual nature against the daughter of his de facto partner over the period between 2002 and 2007. The matter originally ran to trial in August 2009. Nathan Kinkade was represented by counsel during the course of the trial. Nathan Kinkade was found guilty of a number of those offences.
 Nathan Kinkade brought an appeal against those convictions in which he represented himself. Counsel from the private bar appeared as amicus curiae. The appeal was heard in October 2010 and this court ordered a retrial.
 By fresh indictment dated 03.Dec.2010 Nathan Kinkade was charged with nine sexual offences against the juvenile complainant. The new trial proceeded in September and October 2011. Again, Nathan Kinkade represented himself and counsel from the private bar appeared as amicus curiae for the purpose of cross-examining the complainant.
 On 10.Oct.2011, the jury found Nathan Kinkade guilty of counts 3 to 9 inclusive on the indictment. The jury acquitted Nathan Kinkade on count 1 and was unable to reach a verdict in relation to count 2.
 On 21 October 2011, the trial judge sentenced Nathan Gerrarde Kinkade to imprisonment for 12 years backdated to 25 March 2010. A non-parole period of eight years and six months was fixed.
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Facebook post by Dr. Robert J. Rowen
I have an interesting clinical case for you today. Another Lyme case.
Lyme is the disease Australian authorities do not believe exists, and will persecute doctors for treating it.
Meanwhile our CDC says its a horrific epidemic, warns against new ticks, and says at least 300,000 Americans are coming down with the disease every year.
This is scientific medicine! One country doesnt want to pay for it and denies its existence. The other does recognize its presence.
I lived this lunacy. In Alaska, the local medical societies VOTED that chelation for metals was fraudulent and mercury amalgam removal from teeth was fraud. Imagine if their efforts to purge me was successful and just 15 years later they were PROVEN wrong in the medical literature (which was already available at the time, if they were not so dogmatically wedded to Pharma).
In our country Lyme is a major problem. MAJOR. It is difficult to treat. It is difficult to diagnose. A negative lab test means nothing. Most treatments are antibiotics. These carry a very significant risk of temporarily or permanently messing you up. And, from the cases Ive seen, most will relapse.
Here is another case of a women essentially disabled from Lyme. The patient is a mother of minor children and registered nurse.
Her whole family is Lyme affected. Her mother spent over $120,000 at a Lyme literate clinic just the past year. The treatments broke her parents. And the treatments mom got are even insurance reimbursable as they were conventional antibiotic therapy.
I am told after seeing the change in her daughter in less than one week, the mother is ready to come to us for ozone therapy.
I also use targeted nutritional supplements which are different from patient to patient. I use kinesiology to help me in the choices.
No, we are not getting everyone with Lyme better, but this case is relatively typical for us, not atypical. Her illness was so severe that she lost 10 years of watching her kids grow, and could not keep her nursing job.
Lyme disease, a bane of conventional medicine, is now our favorite problem to treat as patients go from d...
Severe Tropical Cyclone "Owen" is currently a Category 3 strength system in the Gulf of Carpentaria, Australia. Owen is forecast to continue on a generally easterly track for the remainder of today, intensifying to Category 4 strength before making...... Read more
Source: Tree of the Golden Light
David Wilcock 2016.12.12. New Living Expo
Forty ET groups have bases on the Moon and inside the Earth and they call the Earth the experiment. The Sphere Beings first showed up in the 1980s, when a gigantic Orb the size of Neptune was found in our Solar System heading towards our planet, and it circled all of them in turn. Around 1999-2001 we had a number of Spheres coming into our Solar System that have remained ever since. In November 2015 in Australia aboard the new Aircraft Carrier Aegis they had a massive Draco Super Beam Weapon and they fired upon a Sphere causing it to glow bright red, and it then re-directed the particle beam back to the Aircraft Carrier, and it blew up the whole base in Pine Gap. After that a no fly zone was created around the Earth.
The Illuminati planned the Twin Tower attacks to take place on the 9th November 2001 because it was the date of the birth of Christ exactly 2000 years earlier. The Twin Towers came down within a ten minute window of it. The Illuminati thought the Spheres were the return of the Annunaki Gods who would save them. So they were trying to offset the power of the message in the Bible, as it stated that Jesus would return after 2000 years. The Russians can prove that the 9/11 destruction of the Twin Towers was brought about by the use of a small nuclear bomb placed by the Cabal. Putin is ready if necessary to reveal details of false flag operations. The Russians have an advanced missile system called the Annexe that cannot be tracked by radar making military technology useless. David Wilcock commented that because of it there would never be another war.
The Mayan Calendar End Date of 2012 was when 100 very large Spheres wit...
This 12 December 2018 video says about itself:
New nudibranch species discovered
Nudibranchs are marine slugs that come in a variety of whimsical colors. They are found throughout the world ocean from surface waters to the deep sea. However, only three species were known from the Northeast Pacific Ocean until scientists from Cal Poly Pomona, Western Australian Museum, Scripps Institution of Oceanography, and MBARI [Monterey Bay Aquarium Research Institute in the USA] recently described five new species from this region.
Four of these were observed during MBARI research expeditions off the California coast and in the Gulf of California, off Mexicos Baja Peninsula. We used morphological characteristics and molecular tools to distinguish these animals from all previously described species of nudibranchs.
These new species Tritonia nigritigris*, Dendronotus claguei*, Ziminella vrijenhoeki*, Cuthona methana, and Aeolidia libitinaria* were given distinct names which honor MBARI scientists or describe their physical appearance or the habitat in which they were found.
As with many other deep-sea regions, we predict the number of new species from the Northeast Pacific to increase with further exploration. This area is particularly vulnerable to the effects of climate change emphasizing the urgency of documenting this fauna.
*Collected by MBARI remotely operated vehicles.
For more information see: Valds, A., Lundsten, L., & Wilson, N.G. (2018) Five new deep-sea species of nudibranchs (Gastropoda: Heterobranchia: Cladobranchia) from the Northeast Pacific. Zootaxa 4526 (4): 401433
Freedom of the press in the world will cease to exist if a judge in one country is allowed to bar publication of information anywhere in the world. Martin Baron, Executive Editor, The Washington Post, Dec 13,
The post The Case That Dare Not Speak Its Name: The Conviction of Cardinal George Pell appeared first on Global Research.
Today was all about the weak economic data released in china and the fear that this slowdown is spreading. The concern that the weak contagion affects not just the region, but commodity prices, producers and sentiment everywhere. Core stock markets are been underperforming all year and anyone who has been following performance can testify to that. The Shanghai index is down 22% YTD whilst the Hang Seng has performed better at just -13% YTD. The Australian AO index is down 7.5%, but dont forget that both the CNY and the A$ are equally both down over 7% against the US Dollar too. The SENSEX has managed a positive 5% return, but for any international investors the Rupee has depreciated over 12% this year to the USD. Today the Nikkei lost 2% which takes its YTD return to negative 6%, but the Yen remains unchanged on the year. However, much of the talk here is that the demand for the Yen as a safe-haven appears to be deprecating. 2019 could well be the year we see the results of all the bond market assist play-out as the currency weakens while the Nikkei is the balance. Having seen a better than expected business survey indicator (TANKAN) release, stocks held for the open but eventually were drawn into the selling pressure.
European markets hits their days lows in early trading and managed to claw back much of them prior to closing. There is still so much of an overhang here that many are not sure which of the issues are most worrisome! The BREXIT situation is expected to come to a head before the end of Q1, but this is increasingly looking as though it could go on forever. Budgets are being negotiated to and froe and so all are desperate to know whether they have the 39bn payment or not. The unrest in France and the call for Euro-credit bond issuance it is any wonder all major stock indices are lower on the year. The core DAX index is off 16% YTD, with Spanish and Italian down by 11.5% and 13.5% respectively. The CAC has performed a little better but it too is down 8.5% YTD. Added to this the Euros decline (-6%) and it should not be a surprise the US is almost unchanged there is nowhere else you can invest money. The UK FTSE and GBP are down 11% and 7% respectively, not a great year fin the UK or any US invest...
 On 18.Jan.2018, Stephen Lovegrove, having pleaded guilty to supplying a commercial quantity of cannabis, was sentenced to imprisonment for two years and one month, backdated to commence on 26 October 2017, thereby allowing for a period of 85 days that he had spent on remand before being bailed. The sentence was suspended on conditions after Stephen Lovegrove had served seven months backdated to October 2017.
 The offence in question was supplying a commercial quantity of cannabis. The maximum penalty for that offence was imprisonment for 14 years. The offending involved the shipment of 2.72 kilograms of cannabis from South Australia into the Northern Territory. That was more than five times the threshold amount for a commercial quantity. Stephen Lovegroves admitted intention was to sell the cannabis in the Northern Territory for profit, no doubt taking advantage of the higher prices that could be obtained for the drug in the Northern Territory. The cannabis was concealed in a metal car fridge within the vehicle driven by the offender. As the sentencing judge allowed, it was a small commercial enterprise involving a one-off transaction which was not characterised by the sophistication sometimes seen in cross-border transportation cases.
 The relevant offence was committed on 15.Jun.2017 and Stephen Lovegrove was arrested on that day and remanded in custody. Stephen Lovegrove was granted bail on 6 September 2017 on condition that he enter into a rehabilitation program for his addiction to cannabis. It was a condition of his bail that he was to wear an approved monitoring device and was subject to a curfew. Stephen Lovegrove was admitted to the Aranda House rehabilitation program on 7 September 2017. He graduated from the program on 30 November 2017 and was moved to the Transitional After Care Unit. He was returned to the Aranda House program following the return of a positive test result for cannabis on 9 December 2017.
Search CrimeView For Stephen.Lovegrove
 On 11.Apr.2016 Robert Kevin Smiler and his partner were drinking alcohol. At about 7:45 pm they caught a taxi to Malabar Lodge, which is a boarding house occupied by people of generally diminished circumstances. Smilers partner got out of the taxi and went up the stairs. Peter Doucas and Marie Griesebner were sitting at the top of the staircase.
 The subsequent assault upon Mr Aden was very serious in nature. Robert Smilers moral culpability for that conduct is high. As already described, Mr Aden came to the assistance of Mr Doucas who was being savagely beaten by Robert Smiler. Mr Aden acted lawfully in doing so. A person may come to the defence of another person and the defence will be lawful provided the response involves reasonable force. Robert Smilers attack upon Mr Aden was a sustained attack. It continued even after he became disarmed and fell to the ground. Robert Smiler kicked Mr Aden to the head and chest while wearing work boots. He then picked up a weapon and struck Mr Aden to the head with it two or three times.
 Robert Kevin Smiler has a lengthy criminal history. He has one prior conviction for aggravated assault in the Northern Territory and twelve prior convictions for assault in Queensland. Many of those were minor assaults, but two were quite serious. In 2004, he hit an older woman with a large stick and broke her arm. In 2009, he hit his then partner in the head, face and body with a tree branch giving her numerous cuts and bruises and concussion. Both of those offences were the product of rage precipitated and exacerbated by the consumption of alcohol.
 There is very little by way of mitigation. Robert Kevin Smiler did not plead guilty but went to trial. He is not entitled to the usual discount for a plea of guilty, and as a result of his criminal history he has lost the right to any significant leniency. He is not remorseful and his prospects of rehabilitation are very largely dependent on successfully undertaking an appropriate alcohol rehabilitation program and a violent offender treatment program. He has previously participated in an alcohol rehabilitation program, but the offending with which this appeal is concerned is a tragic demonstration of his lack of success in that program.
Search CrimeView For Robert.Kevin.Smiler
Investigations are underway in Australia and New Zealand following reports of bomb threats where the sender is demanding a payment in bitcoin failure to which they will detonate an explosive device. The emails are believed to be similar to the ones that had earlier been received by various institutions and facilities in the United States
The post Pay up or Else: Bitcoin Bomb Threat Emails Show up in New Zealand and Australia appeared first on CCN
On 8 August 2015, there were 21,995,000 public servants in the US. Excluding contractors. At the same time, there were 12,329,000 employed in manufacturing.
Which of those two sectors is critical to the Socio-Economic Well-Being and Future of the US? Which of the two has destroyed it, as a self-sufficient reality? Which has not learnt that the point of a gun throughout history has destroyed the one holding the gun, and never the one threatened?
Of the public servants, on the general estimate of 30%, there are some 7,000,000 variously Deep State. Or at the least, self-interested.
They need to be isolated away and sent ideologically adjusting messages. Deep State has the elitist and non-transparent elements of a contemporary, covert Monarchy.
The US, in desperate need of a French Revolution, has a stupefied populace that could not withstand it. And of course after the tediously long realization period concerning...
Crazz Files Note: First of all, this asshole is not Tasmanian, he is Sudanese & should never have been allowed into Australia in the first place. Read More
Dont forget your jacket! (Old mate falls victim to the notorious Dudley Street underpass and Melbournes torrential downpour)... also dont drive through floodwater! @9NewsMelb @9NewsAUS #melbweather #vicfloods pic.twitter.com/hLGbTlgttq Tom Kelly (@tpwkelly) December 14, 2018 Degraves Street Subway or set of Titanic? (This vid sent to @9NewsMelb) @9NewsAUS #melbweather #vicfloods...
Strategic Retreat, 12-14 December 2018
The National Committee of the Australian Food Sovereignty Alliance (AFSA) met for its sixth strategic planning retreat on the traditional lands of the Dja Dja Wurrung people, paying our respect to elders past and present.
We recognise the Original Owners and their role in caring for this land for over 60,000 years, their long history of growing food in ethical and ecologically-sound ways, and their careful maintenance of biodiversity before and since Invasion.
We acknowledge the ecological devastation caused by industrial agriculture since European invasion, and commit to ongoing conversations with communities of Indigenous Peoples. We again commit to supporting our members to seek stronger ties to Indigenous communities and work towards a day where everything we do is in connection and mutual accountability with community.
During our meeting, the Committee was delighted to have the support of the legendary Costa Georgiadis of ABC Gardening Australia fame. Members of our team joined Costa on a livestream to discuss AFSAs crowdfunding campaign to publish Farming Democracy, eight stories of small-scale agroecological farmers of how they grow, process, and distribute their produce, including what it costs them and what they ultimately live on in an effort to bring radical transparency to the food system. We are even more delighted to have reached our target this morning, and look forward immensely to printing the book and launching it at AFSAs inaugural Farm Day Out at Jonai Farms on 17 March 2019!
We have developed a plan to continue collecting the stories of the growing number of farmers producing and distributing food in ethical and ecologically-sound ways and publishing them on the AFSA website to show what is not only possible, but happening across Australia and the world.
We are grateful to the Victorian Government for its dedication to working with small-scale agroecological farmers to reform the planning provisions over these past three years in close collaboration with AFSA and our allies. The reforms better reflect the low-risk nature of these farming systems, and we look forward to working further with other states undertaking reform, in particular New South Wales, which is already in progress.
Were also working to refute claims that those of us opposed to intensive livestock agriculture are anti-science and the spurious claims that we can only feed the world with large-scale intensive agriculture systems, and to build an evidence base that i...
https://ScientistsWarning.TV Kevin and Hugh are back with us this year discussing the new climate glitterati that come annually to Davos to feign concern about the climate while they discuss techno-fixes that might allow the (in their minds at least) to continue their excessive lifestyle that is heading us directly for runaway climate change and collapse.
Queensland police have laid nine criminal charges against an officer who leaked the personal details of a domestic violence victim.Senior Constable Neil Punchard was investigated and disciplined internally in 2016 for accessing the womans address from a police database and sending it to her violent former husband.
There are some fine sentiments in this joint communique. But it's galling to read it while knowing of GILLARD's corruption, in company with her former union-boss boyfriend. Do these corruption-busters believe that AWU chief Bruce Wilson lawfully received around $1,000,000 (today's value) into the slush fund incorporated by his live-in...
The 9th solar power bulk-buy block is currently open for residents, farms and businesses throughout the New England North West region. As at the time of writing, deposits for just over half of the block have been taken. Now is your last chance to purchase and install solar power before the renewable energy credits reduce again on 1 [...] full article
In 2013, a group of consultants made several recommendations to Government about how to deal with the arsenic contaminated tailings from a processing facility at Urunga. One option presented was to truck 30,000M3 for storing and possibly processing to Hillgrove, on top of the escarpment in the upper Macleay catchment. Many people thought it was crazy [...] full article
This comes to us courtesy of the UN at the 24th annual climate change taxpayer-funded-tourism extravaganza. @satyatripathi could have printed out the script from any one of the 23 previous knees-ups. We shouldn't worry about 22,000 party-goers jetting in to Poland to turn up at the afternoon sessions when the...
EXCLUSIVE: Perhaps angling for a starring role as a stingy professor in a b-grade 1980's college flick, a Dean at a major Sydney university has this week sent a bizarre and pompous departing message to his highly trained staff ahead of the Christmas and New Year holidays, warning them to behave themselves amidst the dangers of unbridled "hedonism". Our publisher, Serkan Ozturk, reports. [READ MORE]
One might well ask, Why did the government bother? We know the answer. Not because there is any real threat to religious freedom in Australia, but because a few aggrieved conservative Coalition MPs, egged on by the News Corp Sky News echo chamber detested the prospect of marriage equality and wanted to return to the days of discrimination against LGBTI people.
The Ruddock report and the Governments reaction to it has opened a can of worms and opened Pandoras Box, and all sorts of nasties have come out. The reports recommendations (No 5 and 7) included permitting religious schools to discriminate against students, staff and contractors on the basis of sexual orientation, gender identity or relationship status, (provided the discrimination is founded on precepts of the religion and has been publicised).
The Government flicked that one to the Australian Law Reform Commission.
So we have not moved very far, except to implicitly accept that this discrimination can continue until the commission deals with it.
But some good may come of all this. The worms and contents of Pandoras Box are so bad that they will cause a reaction. Indeed they have already done so.
As this column suggested some weeks ago when some of the recommendations were leaked, this report could easily back-fire on the conservative promoters of precept that people could discriminate under the banner of religion in a way that would otherwise be unlawful.
Australias top legal professional body, the Law Council of Australia, came out very shortly after the release of the report saying that while it welcomed steps to enshrine religious protections, the delicate balance between freedom of religion and freedom from discrimination would be better dealt with in comprehensive national anti-discrimination legislat...
Contributed from Victoria
Venezuela has just had municipal elections and the result was a landslide victory for the United Socialist Party of Venezuela (PSUV). There were also important wins for candidates standing for grass roots (communal) organisations, some of which are critical of the PSUV. Together this accounted for about 75 percent of the vote and the taking of 90 percent of the contested positions.
The losers were the hard-line opposition. One reason is that they are very divided. Some of the parties boycotted and their core supporters didnt vote. This did affect the turnout. But other hard-line opposition parties did taker part. They failed to win support. The result was conclusive.
However, the supporters of the hardliners outside Venezuela, the Trump administration and the global media monopolies have chosen to remain silent. The result doesnt suit the narrative that the Maduro government is holding on through brute force, because it does not have the support of the Venezuelan people.
When there is a serious economic crisis, a high level of
sabotage and destabalisation carried out by those wanting regime
change, the outcome has been remarkable.
International observers on the ground praised he electoral process and ruled it to be fair. They also pointed out that the checking and rechecking of votes was transparent and thorough.
The result of the elections surprised the pundits.
Perhaps the oppositions having pushed the country into nine elections in three years and not respecting the process has something to do with it. Attempted intervention of the United States, its training of mercenaries in Columbia and elsewhere, an assassination attempt on President Maduro earlier this year and bankrolling of the opposition has outraged many and cant be discounted either.
There is a fear of the return of the old oligarchy of the past, which presided over extreme wealth and privilege for a very few and poverty for the rest of the nation.
Within the Bolivarian camp there is a debate over the pathto the future. A major criticism of the government is what is considered its top down style, rather than building a society government from the grass roots up. These critics call for a government that listens more.
Despite differences, the two wings are united in what they see is the need to stop the return of the foreign backed oligarchy.
It remains that a major part of the electorate did not take part. This is not unique to Venezuela, nor in Venezuela own history. Nor can it be said that all of those who did not vote are opponents of the government. The reasons for the failure to vote are complex.
Regardless of this, it its something the Boli...
New York Millennial cant afford to move to DC before her job in Congress starts read a recent headline in VICE for an article on how Congressmember-Elect Alexandria Ocasio-Cortez couldnt yet afford to move to Washington DC, as the rents in the city are so high. Not a week goes by without a media report revealing how difficult it is for young people to afford a house; simultaneously, were inundated by articles on disgustingly wealthy baby-boomers.
The Age reports: Victorias anti-corruption commission has charged three people who worked for former Andrews government MP Khalil Eideh with fraud, perjury and conspiracy over their alleged role in a Labor branch-stacking scam. The charges relate to the alleged misuse of Mr Eidehs taxpayer-funded printing budget to pay for Labor...
At the end of 2017, Brahma Chellaney, a professor with the New Delhi-based Center for Policy Research, wrote an article titled Chinas Creditor Imperialism in which he accused China of creating a debt trap from Argentina, to Namibia and Laos, mentioning its acquisition of, or investment in the construction of several port hubs, including Hambantota in Sri Lanka, Piraeus in Greece, Djibouti, and Mombasa in Kenya in recent years.
These countries are forced to avoid default by painfully choosing to let China control their resources and thus have forfeited their sovereignty, he wrote. The article described China as a new imperial giant with a velvet glove hiding iron fists with which it was pressing small countries. The Belt and Road Initiative, he concluded, is essentially an ambitious plan to realize Chinese imperialism. The article was later widely quoted by newspapers, websites and think tanks around the world.
When then United States Secretary of State Rex Tillerson visited Africa in March, he also said that although Chinese investment may help improve Africas infrastructure, it would lead to increased debt on the continent, without creating many jobs.
It is no accident that this idea of Chinas creditor imperialism theory originates from India. New Delhi has openly opposed Chinas Belt and Road Initiative, especially the China-Pakistan Economic Corridor as it runs through Pakistan-administered Kashmir, which India regards as an integral part of its territory. India is also worried that the construction of Chinas Maritime Silk Road will challenge its dominance in South Asia and the Indian Ocean. Based on such a judgment, the Indian government has worked out its own regional cooperation initiatives, and taken moves, such as the declaration of cooperation with Vietnam in oil exploration in the South China Sea and its investment in the renovation of Chabahar port in Iran, as countermeasures against the Chinese initiative.
Since January, India, the United States, Japan and Australia have actively built a quasi-alliance system for a free and open Indo-Pacific order as an alternative to the Belt and Road Initiative. In April, a senior Indian official attending the fifth China-India Strategic Economic Dialogue reiterated the Indian governments refusal to participate in the initiative.
The creditor imperialism fallacy is in essence a deliberate attempt by India and Western countries to denigrate the Belt and Road Initiative, which exhibits their envy of the initial fruits the initiative has produced. Such an argument stems from their own experiences of colonialism and imperialism. It is exactly the US-led Western countries that attached their political and strategic interests to the debt relationship with debtor countries and forced them to sign unequal treaties. Chinas Belt...
I step away from the macroeconomic commentary for one minute and suddenly all the papers are stuck on the same subject. Interest rates.
The past week of financial commentary has been filled with guesstimates of what the Reserve Bank of Australia might do next.
Now, Ill admit, they arent the most interesting subject.
But there I was last week, poolside at a Bali resort, when I discovered it.
It didnt matter which site I flicked too.
They were all talking about the same thing.
It stumped me. Its not often that the financial rags are in sync like that.
Yet here they were, chewing over and over about what might happen.
Slow news day, maybe?
Or, more likely, it had finally dawned on them.
The Aussie economy is not okay.
Central bank out of touch with the market
So why all the fuss?
Gross domestic product data.
Yep. That precious number we get each quarter that tells us how well the Aussie economy is doing.
Or in this case, not doing.
You see, the September data drop showed that our GDP came in at 0.3% for the quarter. Which was half the expected 0.6%.
Taking our annual economic growth rate down to 2.8%.
It fell way short of market expectations.
And when I mean market expectations, I really mean that all the economists surveyed by Bloomberg tipped a median increase of 0.6% for the quarter.
However, the reason why the GDP was a hot topic is because it was a right punch, left hook market beat up.
You see, the June quarter data was 0.9%. So, not only was September one-third of that figure, but all the professional market forecasters got it wrong.
And the data was all the more topical because of what the Reserve Bank of Australia had said only 24 hours before the data was released.
In a crowded room, the RBA had confidently told the audience they expected our annual economic growth rate would remain at 3.5%.
Well, well, well.
First the economists, now the central bank.
Do you know what this reveals?
It tells us exactly how out of touch with reality the RBA is. And just how clueless the market experts really are.
The problem here is this tells us that industry professionals have completely misread the tone of the market.
That, perhaps, our own central banks statements of monetary policy each mon...
Nagle claims that the liberal-left position on immigration reflects its elite detachment from the concerns of ordinary people: the American workers whose livelihoods are threatened by an influx of cheap labour.
If you're pressed for time, Tom Fitton from Judicial Watch is worth a look. Jim Jordan hooks into the IRS over its targeting of conservative organisations. Here is the whole of the hearing. As you would imagine, it's highly political. The Democrats on the Committee line up in support of...
Unless youve been living under a Facebook ban (dont scoff, its a twice yearly occurrence for old confrontational Keith over here), youd know that we at Global Hobo are taking our travel writing workshops not only to a new continent (Europe), but to a new country within that continent (Spain) and with a new format (a road trip).
Maybe youll join us and hone your travel journalism craft with practical experience from industry professionals, all the while learning Spanish and immersing yourself in the worlds best shared cuisine (come at us China) and wine (eff you Bordeaux). Or maybe you wont, but its a guarantee that at some point in your hobo career, youll be visiting Spain, and seeing as though Ive been living here on and off for 13 years and still speak the language like a tongue-tied toddler, we figured Im best suited to give you some insider tips.
This May 2018 video says about itself:
According to Business Insider, who spoke with numerous Amazon warehouse employees, conditions for workers are so bad, they pee in bottles out of fear of getting their pay docked for taking a break. The Resident discusses.
By Oscar Grenfell in Australia:
Australian Amazon worker alleges unfair dismissal
13 December 2018
A worker who was employed by a labour hire firm at Amazons Sydney warehouse has launched legal action alleging that he was unfairly dismissed for joining a trade union and asking management for a greater number of hours per week.
According to an article in the Guardian on Tuesday, the worker, named only as Raj, has initiated a general protections case in the Fair Work Commission, the federal industrial tribunal, demanding reinstatement. An initial hearing, held on November 29, did not resolve the dispute, and the case is likely to come before a federal court next year.
The allegations shed further light on the draconian regime that prevails in warehouses operated by the global retail giant around the world. It follows dozens of reports of workplace injuries and unfair terminations, along with onerous working conditions and poverty-level wages.
Raj was reportedly the first employee at the Sydney warehouse to join the SDA [Shop, Distributive and Allied Employees Association]. Raj, and the union, claim that he was directed by management not to wear an SDA cap and lanyard during work hours....
Tony Rinaudo's regeneration technique, developed in west Africa 30 years ago, has helped bring back forest over 6m hectaresThrough the cacophony of the UN's global climate talks, an Australian farmer is quietly spreading his plan to reforest the world.Over more than 30 years in west Africa, Tony Rinaudo has regenerated more than 6m hectares an area nearly as large as Tasmania. His farmer-managed natural regeneration technique is responsible for 240m trees regrowing across that parched [...]
Frustrated leaders appeal to all OECD countries' to phase out use as Australia signals support for new plantsPacific countries vulnerable to climate change have urged Australia to abandon coal power generation within 12 years, and to prohibit new coal plants or expansion of existing plants.The call from 15 small Pacific island states came one day after the Australian government called for expressions of interest in new power generation projects, indicating it would be prepared to use [...]
Revolut, the London-based fintech unicorn that offers users a digital alternative to traditional banking services, has been granted a European banking license by regulatory authorities, allowing them to offer Europe-based users a plethora of digital banking services.
Revolut features an in-app exchange that allows users to gain exposure to five cryptocurrencies, including Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and Ripple. The platform, which in many ways is a competitor to the US-based Robinhood, allows users to buy and sell crypto commission free, with the only cost being a 1.5% exchange rate markup to account for volatility.
On Thursday, the company announced that they had received a banking license from the European Central Bank (ECB), which will allow them to begin expanding their services across the continent, entering key markets like Germany, the U.K., France, and Poland, over the next year.
Revolut will offer users nearly all the services that traditional banks offer, including business and consumer lending, direct salary deposits, overdrafts, and up to 100,000 protection covered by the European Deposit Insurance Scheme.
Revolut, which offers users quick and simple access to cryptocurrencies, is opening between 8,000 and 10,000 accounts per day, and has plans to expand into the US, Canada, Japan, Singapore, Australia, and New Zealand, throughout 2019.
Nik Storonsky, the founder and CEO of Revolut, spoke to CNBC earlier this week, and said that the company already has a significant amount of users in the US waiting for accounts.
At the moment we have about 100,000 waiting in the U.S. without any marketing, he said.
As Revolut expands its services across the world and gains more users, it could potentially siphon a significant amount of money into the crypto markets due to the easy and cheap access it offers users.
In addition to offering easy access to crypto, Revolut also launch...
This 2014 video says about itself:
The origins of advanced forms of life began 500 million years ago during the Ordovician period ending with the Silurian extinction event. Australian biologist Richard Smith travels across the continent to study the fossil record of living things that continued to ourish at this time as it did in the earlier Cambrian period.
Invertebrates, namely mollusks and arthropods, dominated the oceans and sh, the worlds first true vertebrates, continued to evolve, with jaws appearing late in the period, not yet to diversifying onto land. About 100 times as many meteorites struck the Earth during the Ordovician compared with today.
Early animals: Death near the shoreline, not life on land
December 13, 2018
Our understanding of when the very first animals started living on land is helped by identifying trace fossils the tracks and trails left by ancient animals in sedimentary rocks that were deposited on the continents.
Geoscientists Anthony P. Shillito and Neil S. Davies of the University of Cambridge studied the site of what has widely been accepted as the earliest set of non-marine trackways, in Ordovician (ca. 455 million-year-old) strata from the Lake District, England.
What they discovered is that the trackways occur within volcanic ash that settled under water, and not within freshwater lake and sub-aerial sands (as previously thought). This means that the site is not the oldest evidence for animal communities on land, but instead is actually a remarkable example of a prehistoric Pompeii, says Shillito a suite of rocks that preserve trails made by distressed and dying...
Its so nice reading an article that joins the dots. I get so sick of people concentrating on one issue or another, ignoring everything else troubling civilisation. From Consciousness of Sheep, who else.?
Britain has apparently been thrown into crisis overnight. Meanwhile across the channel, French president Macron is desperately trying to extinguish the flames of another weekend of mass protests that have now spread to Belgium and Holland. In Eastern Europe the hard-right are gaining support; even undermining the previously untouchable Angela Merkels power base in the former East Germany. Across the Atlantic meanwhile, the lines between deranged Democrats and MAGA nationalists are being drawn in readiness for Americas second civil war. We are surely living through the greatest crisis in modern history.
Well, yes indeed we are. But everything set out in the first paragraph is no more than the froth on the beer. These political spasms are merely the outward manifestation of a human catastrophe that has been decades in the making.
Two far greater symptoms of our predicament have gained at least some public traction this year. First was an all too visible plastic pollution crisis that is increasingly difficult to ignore now that China has ceased acting as the Wests rubbish dump. Second is the somewhat less visible insect apocalypse that has seen the near extinction of a raft of pollinating insect species; without which we humans are doomed to starvation. Interestingly, while these two symptoms are only tenuously related to climate change, they have tended to be included under that shorthand heading. Plastic certainly damages the environment, but its build up owes far more to the ongoing power of the petrochemicals industry and the myth of recyclingthan to changes in climate. The same goes for the insects. While there may have been some climactic impact on migrations and reproduction, the main cause is the vast quantities of chemical insecticides required by an industrialised agriculture tasked with feeding 7.5 billion humans on a planet that could barely feed one seventh of that without fossil fuels and agrochemicals.
In the affected areas, local populations have been stunned by a series of red tide events that result in the mass deaths of fish and other marine creatures. Climate change is indirectly involved in these events because of the increased rainfall from warmer storms. But once again it is our industrial agriculture that is the primary cause ...
Camila is the DC campaign director for the Chesapeake Climate Action Network, and has been at the heart of the movement behind what will soon become the strongest climate bill in the country. She coordinated and led the DC Climate Coalition, which is made of more than 110 environmental and justice advocacy organizations, faith groups, unions, consumer advocacy organizations, D.C. businesses, and more. Heres her story.
What woke you up to the climate crisis?
I was 15 when I first saw the climate hockey stick graph. I realized that this skyrocketing arrow of temperature would take place in my life time. All of the big milestones of life that I was looking forward to would be in the context of this big global crisis. It led to the question of whether or not to have kids which is still a big question for me where I would put down roots, what my family would do. My moms a farmer; will that be still viable in Oregon, where Im from, when temperatures get so extreme?
Then I had the great fortune of visiting my extended family including a bunch of cousins in Australia after I graduated from high school. For my eighteenth birthday, they gave me this awesome gift of a day snorkeling on the Great Barrier Reef. But I saw that the reef, even then, was starting to bleach out. That was one of the first realizations that all these forecasts of devastation were already starting, and at a very fast rate.
What impacts of climate change currently hit home to you?
The last two summers, my home in the Rogue Valley in southern Oregon has been suffocated by wildfire smoke. My mom started the first commercial organic cut-flower farm on the West Coast. I grew up there with my little sister. But now, my sister works with her, and they have to wear heavy-duty gas masks, with the level of smoke that sometimes makes southern Oregon look like Beijing. It was like that for eight weeks this summer.
Then the Paradise fires happened, following all the previous years fires in California. There was an illusion that if you live in a town or city that youre going to be safe, but thats been totally obliterated. Homes and entire cities have been burned to the ground. People escaped down these two-lane roads on foot, or in cars with their kids while the outsides...
It has been an ordinary year for universities in Australia. While the National Tertiary Education Union pats itself on the back for supposedly advancing the rights and pay of academics, several face removal and castigation at the hands of university
The post Australia: Principles of Academic Freedom in Jeopardy appeared first on Global Research.
This is the world inhabited by Turnbull, Gillard, Clinton et al. Scott Morrison has to stop the rot. Australia should be fighting against this rubbish - not pandering to it. Take a walk with EIB Martin Berg at #COP24 'We are often asked why we are here at #COP24 if...
Not only neo-nazis in the German armed forces, in the United States armed forces, in the British armed forces, in the Ukrainian armed forces, in the Czech armed forces, in the Australian armed forces, in the Belgian armed forces, in the Greek armed forces
Translated from Dutch NOS TV today:
Reports of Nazi statements investigated by the Ministry of Defense
The Ministry of Defense is investigating scandals in the armed forces. State Secretary Visser writes to the Lower House that reports have been made about inadmissible behaviour at training institutes and in yet another armed forces section.
According to Visser, the commander of the Dutch Defense Academy (NLDA), including the army and navy schools, received signals that within a small group hurtful and abusive visual material is shared.
Im quite used to seeing beautiful flowers in our inbox from DavidinOz so this not-floral submission by him caught me by surprise and made me smile out loud. Thanks, David.
In addition to roses, David Ruston also collected cars. Here are a couple of oddities.
The pink tractor, Betty Boobs, is used at functions / events raising money for breast cancer research and support.
The Yella Fella is a Lightburn Zeta, designed and build in Adelaide by a company best known for washing machines and cement mixers. Fewer than 400 were sold as it hist the market at the same time the Morris Mini arrived in Australia and mini mania took hold.
To be honest- I am wearing down.
After my father admitted he had committed crimes against children and that he had skeletons in his closet- I decided to try and expose what my family has been involved with.
A year ago last January I reached out repeatedly to Trump on Twitter to try and enlist his help and that March- I started to get non stop targeted.
Doug Mesner aka Satanic Temples founder Lucien Greaves and his group has attacked me non stop- sending me constant emails bragging about what they were doing.
Doug has a long history of doing what he can to discredit victims of Satanic Ritual abuse- where victims, as children, were ritually abused in the worship of evil, making videos and doing seminars calling all victims liars, frauds, or crazy.
His Co founder of the Satanic Temple Shane Bugbee- has exposed Dougs involvement with the CIA in an expose called Master and Slave
Doug has repeatedly told me I would be dead soon and that they would get me put in jail where they would have me murdered.
As such- in the past two years I have spent more time in court than I ever have in my entire life. It is all documented in public records in Kent WA, Pacific WA. And the Shelby County IA court house.
Even now I am facing losing my emotional support dogs- at the same time facing being charged with a crime for even having them.
The Satanic Temple has a long history of using the court of law to harass and hurt anyone who they feel violates their rights or they see as a threat. It isnt just me.
My local Sherriffs dept has the plethora of emails I have received since January when I moved back to Iowa. Everything I am saying can be proved.
All of this is being done to stop me from exposing my familys involvement with child trafficking and a myriad of other crimes.
My faith compells me to keep moving forward- to trust and keep trying to do what I feel is right.
As such- I am facing losing everything- including my life. But we were never promised it would be easy- just worth it in the end.
My body is wearing down but my faith remains strong.
I must continue doing what is right despite facing the army that is opposed against me. Despite no one in authority coming to my aid to he...
The Australian Government has approved the export of dozens of shipments of military items to Middle Eastern countries embroiled in the bloody Yemen war, a conflict dogged by accusations of war crimes and indiscriminate civilian killings. Internal Defence Department documents obtained under Freedom of Information (FOI) and from parliamentary hearings reveal since the beginning of 2016, Canberra has granted at least 37 export permits for military-related items to the United Arab Emirates, and 20 to Saudi Arabia. They are the two countries leading a coalition fighting a war against Houthi rebels in the Middle East's poorest nation, Yemen. The four-year war in Yemen has killed tens of thousands and an air-and-sea embargo has led to more than 85,000 Yemeni children under five dying from hunger, according to one children's agency.
See : 2018 Victorian state election : far right (and left) candidates (November 10, 2018). As the results have now been finalised (see : ABC | VEC), I thought Id take a look and see how the (far) left and Continue reading
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