The Albanese government are full of geniuses. Somehow they cut taxes but still managed to collect a record high amount of tax. They signed a free trade agreement that farmers are worried will result in less trade. And somehow managed to tell the ATO not to get rid of credit card payments but they still did somehow, by accident I am guessing? Really people, how does the opposite of what you say is going to happen keep happening? youtu.be/yvWibfnIAPU

Just keep in mind none of this is included in the budget because it is housed in an off budget entity, just like how Enron used to do it. Snowy Hydro has handed a critical cost review to the Albanese government with expectations Chris Bowen will divulge a multi-billion dollar cost blowout at the troubled pumped hydro expansion later this week.

Yes they do. It is not they don't understand it, they hate it because they cannot control it.

In 2005 Columbia University economist Michael Woodford made the case at the Federal Reserve’s annual Jackson Hole conference that central banks should communicate their policies and plans. Imagine, he said, that a moribund economy and low inflation had pushed interest rates to zero. By promising to keep rates there well into the future, a central bank could boost investment and spending today. The Fed would go on to pursue just that strategy after the global financial crisis. One of the key changes Kevin Warsh has brought to the Fed since becoming chairman in May is to end such “forward guidance.”

If you thought the credit card surcharge changes were a big deal, then hang on to your hats... thewest.com.au/business/smal…

Since the IR Club took over through the FWA, this is what has happened to our real wages

ACTU secretary Melissa Donnelly has declared unions will push for above-inflation pay rises to combat cost-of-living pressures and rate rises It is fool's gold. Unless you have productivity any wage rise will be more than gobbled up by price increases. This is why since the IR Club, headed by the ACTU, took over workplace relations real wages have fallen. It would be better if Donnelly stuck to 12 hour wine tours with Jo Haylene, Rose Jackson and Chalmers CoS Sam Crosby in the miniterial car and let workers and employers start fixing their own wages and conditions. That was the last time they saw a real wage increase.

Maybe because they are spending more money on complying with productivity sapping regulation? Always easier to point the finger than grip the challenge yourself

Living standards are falling because productivity is falling, traded away to special interest scavengers who benefit from spending other people's money on themselves. Productivity fell 0.2 per cent over the last financial year and was flat in the June quarter. Real wages cannot rise sustainably when hourly output goes backwards. The four levers that reverse it are clear and must be repeated: rational tax and welfare policy; workplace laws that increase wages; education for students not administrators like Jane Caro; planning laws that let people build. The best way to raise living standards is to free people to produce more, not to hand more power to the groups that live off the difference.

Pay rising 3.3% while inflation runs at 4%. That is a wage cut. CommBank’s latest numbers prove what you feel: your real wages are going backwards. RBA Governor Bullock put it plainly: productivity growth remains subdued and people are seeing real wage cuts. There is no wage-price spiral. The economy is simply not producing more from each hour worked. That is not an accident. We choose to prioritise the self-interested scavengers who benefit from taxpayer funds over people.

Jim Chalmers told the super industry that anyone who touches the pool wants to “vandalise” it. The Guardian this morning put the number on the pool: $4.8 trillion. Industry Super Australia’s successor, the Super Members Council, is the voice in the room. Big super charges Australians more for administering this mountain of money than they spend on electricity and gas, almost as much as they spend on new cars. But if you touch your money and take it away from them, you are the vandal These people behave like children when someone threatens to take away their sugar

Nothing better demonstrates how the IR Club puts itself first than the Sydney Metro. The driverless Metro has 33 drivers because Chris Minns did a deal with the RTBU But on top of being a grotesque waste of money, it is a dangerous safety issue. On 2 April 2025 between Chatswood and Crows Nest, staff overrode the interlock and the train moved with a door open at up to 99 km/h. These irrational and unaccountable deals done in the dark are why we cannot have nice things

The government just gave $630 million to the care sector for wages, this will not see a single carer get a real wage increase. OECD data shows real hourly wages in Australia have fallen about 5 per cent since early 2021—one of the steepest drops. Living standards are falling because productivity is negative. Since the IR Club took over under the Fair Work Act real wages have gone backwards.

Today is the first the HSC exam in NSW. This year I have a very personal connection to it, and it is hard to believe how quickly it has come around. Good luck to all. As I was just reminded: this is not the beginning, it is not the end, but it might be the end of the beginning.

Australia has more land, and fewer people, than any continent on the planet, other than the penguins of the South Pole. We should have the cheapest housing the world, not some of the most expensive. Since May 2022, housing affordability has halved. The cost of a mortgage as a percentage of disposable household income has increased by 124% We are heading in the wrong direction.