A problem in economics is that you can’t use the economy to do experiments. But as economists realised some years ago, sometimes the economy...



Treasurer Jim Chalmers and his boss, and Reserve Bank governor Michele Bullock, were doing their job, calmly trying to calm everyone down. Acknowledging the great uncertainty, but trying not to add to it.
How did Dutton react? He thought: “You little beauty, here’s my chance to put the frighteners on. I’ll go for it.” So he stoked fears that a recession was imminent.

Despite their traitorous turn towards neiliberalism in the 80s the ALP remains a competent liberal party, whereas the Liberals are an incompetent boys club only interested in protecting the class interests of their corporate masters.


Over time, academic, popular, local and foreign journal analyses show that Labor governments have managed Australia’s economy far better than the Coalition.

"[A]fter the last three elections in which an incumbent Labor administration fought and lost. In every case, the election campaign focused primarily on economic competence, as assessed by perceived past performance. And in all of these, the media played a dominant role in convincing a significant slice of the electorate to believe the opposite of the truth."
An interesting look at Labor vs Lib economic management and election performance.


The first Australian response to Trump was denial, then (unsuccessful) bargaining. Now there’s anger and depression as the tariffs sink in. Eventually must come acceptance

The first Australian response to Trump was denial, then (unsuccessful) bargaining. Now there’s anger and depression as the tariffs sink in. Eventually must come acceptance.

This should be printed and mailed to every registered voter. Thankyou

Okay, I've been happily ignoring your little idee fixee on LDL aside from one gentle comment but I feel the need to comment here again.
This article is utterly disingenuous and sets up a complete strawman to knock down. It sets out to disprove a notion of cholesterol that was last current decades ago. Right in the first paragraph and throughout the article LDL is referred to as “the” major cause of atherosclerosis which to my knowledge even the Framingham authors wouldn't have been comfortable with, it is however a significant contributing factor.
It is well known that some people with elevated LDL or total cholesterol are at low risk(this is the reason for weak or negative results in whole population studies), atherosclerosis is a complex disease with multifactorial causes, no practising doctor I know thinks it is “the” major cause, or even the most important contributing factor.
That being said it is thoroughly established that statin use in select patients reduces the risk of MI and CVA, especially in those with established atherosclerosis, but also those with other substantial risk factors (high BP, family history, smoking, diabetes etc.). This is totally uncontroversial and the pathogenic mechanisms, while complex, are increasingly well understood.
I have been a doctor for over a decade and I consider myself diligent in keeping up with research, and although the selection of patients for statin therapy is an ongoing and regularly changing area of research on which experts can disagree, the fact that select patients will have substantially lower risk of coronary events due to statin therapy is uncontroversial.
Here is an article written by people who payed attention in stats class and have bothered to make their case with evidence rather than knocking down strawmen
Or for a more succinct and easy to read summary here is the Cochrane conclusion
"Of 1000 people treated with a statin for five years, 18 would avoid a major CVD event which compares well with other treatments used for preventing cardiovascular disease."
Statins for the primary prevention of cardiovascular disease

Ugh, that one and the cook one of everything have been staring at me for years. Maybe I'll try for those on my current playthrough

I think this is true and until we have easily accessible and free mental health services it is the next best option and far more likely to do good than harm.

The independent economist and former Treasury officer Chris Richardson, the leader of Treasury-in-Exile and thus chief apostle of fiscal rec...
Treasury was projecting a decade of deficits in then-treasurer Josh Frydenberg’s budget before the last federal election in 2022. So why don’t I remember the people who profess to be so worried now, expressing much concern then? Surely not because debt and deficits only matter when you’ve got a Labor government?


There were 18 cases in NSW in 2024 – up from six in 2023 – while in Victoria there have already been 13 cases so far this year, compared with 16 in 2024

Measles was eliminated from Australia. Experts warn US and Asia outbreaks may bring back this ‘heat-seeking missile’
There were 18 cases in NSW in 2024 – up from six in 2023 – while in Victoria there have already been 13 cases so far this year, compared with 16 in 2024


Latest round of ‘reprioritised’ spending includes $720m from cuts on consultants, contractors and labour hire as Labor tries to rebuild public service

Labor has found more than $2bn in budget savings as it spruiks its record in cutting and re-directing former Coalition government spending to fund its agenda.
Led by the finance minister, Katy Gallagher, the government has embarked on a three-year long process of axing or shifting funding to help repair the budget bottom line and free up space for its own spending priorities.

Labor’s committee says JobSeeker must be raised, but will it?


JobSeeker has long been far below the Henderson Poverty Line.
...
Labor’s own Economic Inclusion Advisory Committee has again urged it to raise JobSeeker and other welfare payments ahead of the federal budget on March 25.
Its latest report was unambiguous, saying raising payments “remains the number one priority and that doing so would deliver significant economic and social benefits”.


Legal experts say Peter Dutton's proposal for a referendum to give ministers more powers to strip the citizenship of dual-nationals convicted of terrorism is unnecessary, as the court already has this power.


In the recent WA state election we saw a pretty substantial shift towards greens and independents especially in rural seats away from nationals and libs. This is in part due seachangers and treechangers but interesting none the less.


Independents are gaining ground in rural Australia, posing a serious challenge to the traditional two-party stronghold.

[T]his election, it will pay to keep an eye on independents running in regional and rural Australia. Growing grassroots support suggests they, along with minor parties, will pose a major challenge to the two-party dominance that’s slowly diminishing.
.....
In 2019, one in four voters preferred minor or independent candidates. In 2022, it was one in three.

The opposition leader has reiterated his plans to shrink the public service as part of his plan to curb government spending, but he declined to specify exactly where the cuts would come from.
Peter Dutton has vowed to cut overall government spending if elected to government, reiterating his plans to scale back the public service.
Labor has called on the opposition leader to reveal the details of his plan, warning that fewer public servants would mean longer wait times to access services.
Mr Dutton said he would not detail exactly where the spending cuts would come from until after the federal election.

I don't think the downvotes are because you're misgendering them. It's just baffling why you've gendered them at all. It's unfunny and out of place.

I keep seeing commentary saying that we shouldn't use the ADF for disaster relief.
We have an organisation full of people with exactly the skills and organisation required that we maintain at great expense and barely use. Can someone give me a sensible explanation why it's not a good idea to use them for disaster response.
On a second note I know for a fact that small scale politics and wasteful spending are endemic in volunteer emergency services. I'm not sure what reform is needed but something certainly is. I'm about to re-enter a volunteer fire brigade for the first time in years so I'm sure I'll be full of opinions in a few months.


With Medicare shaping up as a key election issue, we examine optometry and how your optometrist is incentivised to put glasses on your nose.

Have you ever walked into an outlet like OPSM, Specsavers, Bailey Nelson, or Laubman & Pank for an eye test and left feeling like you’d been gently pressured into spending $500 on a pair of glasses?
...
[B]osses impose onto optometrists a variety of targets – whether its “converting” eye tests into sales or increasing rates of certain types of tests.
This type of pressure is reportedly causing many optometrists “significant moral distress” and some are starting to fight back.


The Australian Council of Trade Unions is among many who are condemning the Coalition’s plan to slash 36,000 public service jobs if it wins the federal election. Jim McIlroy reports.

The Australian Council of Trade Unions (ACTU) is among many who are condemning the Coalition’s plan to slash 36,000 public service jobs if it wins the federal election.
The ACTU said on February 25 the cuts would mean one in five public sector workers would be out of their job, badly affecting services from pensions and veterans’ payments, to the operation of regional weather stations.

The budget deficit has been reducing over time under the current government, the man promoting nuclear is Dutton the opposition leader, his plans for nuclear power are being criticized as expensive, he is being portrayed as stupid in promoting nuclear which would reverse the trend of reducing deficits.
It's a bit convoluted and not particularly funny but it does make sense.

Elon Musk waves away dodgy salute

Meanwhile, Donald Trump talks tough on... well... everything!


Modern guns a extremely precisely engineered devices that are incredibly easy to use, for better or worse. I know modern sporting bows are also but it's no contest in my opinion.
I've shot both, bows as a complete amateur and relatively competent with a rifle. There is no question that a modern gun is way easier to pick up as an amateur and hit what you want to hit and I cannot possibly believe there are anything other than extremely niche uses where a bow is superior.


Following the lead of Sky News and the Murdoch newspapers, the national broadcaster is misreporting Labor’s economy.

In fact, virtually all significant economic indicators except gross domestic product (GDP) growth show Australia’s economy is among the world’s best-performed.
- record employment growth;
- record employment to population ratio at 64.6%;
- record job participation at 67.3%;
- inflation in the lower half of the RBA’s optimum band;
- wages growth above inflation for five straight quarters;
- median wealth per adult as the second highest in the world;
- ASX200 above 8,000 since last September;
- poverty and homelessness reducing, according to the Productivity Commission;
- emergency calls to the National Debt Helpline declining,
- record high new car sales in 2024;
- record sales of new private aircraft;
- overseas trips in 2024 at a new record high of 11.6 million;
- enrolments in fee-paying private schools at an all-time high;
- record manufacturing gross profits last financial year (2023-24) at $47.4 billion;
- record construction profits last year, at $31.1 billion;
- record profits

I'm very much a privacy amateur but am interested in comments on my set up, I'm sure it's not ideal.
I use [email protected] for personal email. Anything @lastname.tld forwards to my main email so for the rare occasion I need to access Facebook my account is [email protected] and so on for any other untrustworthy sites.
I can easily block emails from a leak or just if unsubscribing is made difficult.


The report highlights weaknesses in the Coalition nuclear plan. In particular, it reveals the idea of cheap, factory-built nuclear reactors is a mirage.

The report’s central conclusions – rejected by the Coalition – are relatively unsurprising. It found nuclear power would be far more expensive than the projected path of shifting to mostly renewable energy. And delivering nuclear generation before the mid-2040s will be extremely challenging.

Spoiler: The fact that the ALP is Neoliberal is kind of the point of the article.

You've laid out the RBA position fairly enough.
Part of the subtext of this piece is an ongoing debate, historically through the second half of the 20th century and into the GFC it seems that countries that adopt excessively tight monetary and fiscal policy have a lower quality of life long term in a way that is difficult to reverse, whereas the long term consequences of a slower, or even labile, return to target levels of inflation is likely nothing.
This is something that professional economists disagree on and I abandoned economics the second I got my bachelor's but the historical evidence is compelling.

Because the interest rate has a direct impact on quality of life. Everything else being equal a lower interest rate is better.

The Reserve Bank’s behaviour last week can only be described as bizarre. It’s a sign that it’s lost its bearings and isn’t sure what’s happe...
The Reserve Bank’s behaviour last week can only be described as bizarre. It’s a sign that it’s lost its bearings and isn’t sure what’s happening in the economy or where it’s headed. What has caused its befuddlement? Our unexpected return to near full employment.


My latest from The Guardian

Trumpism, whether full-strength or in the watered-down form seen in Australia, is not an answer to the failure of neoliberalism. But until centre-left parties can escape the mental prison built by decades of soft neoliberalism, it is what we are likely to get.

Cross post from https://lemmy.ml/c/dataisbeautiful
Thanks [email protected]

Colonial Frontier Massacres in Australia
cross-posted from: https://lemmy.ml/post/26355302
Includes a variety of statistics on the size, time, and nature of massacres, as well as an interactive map

It's really common to get weird dreams when quitting smoking. Especially if you're using nicotine replacement and extra especially if you're using a patch and not taking it off before bed.
Changes in the amount of nicotine in your blood disrupts REM, it's more fragmented and this seems to have the effect of more intense dreams.

Ug r the khez th ia2zugk8

It is fine, unless you want a brand that doesn't have a deal with Bunnings, or unless you want garden furniture that is remotely durable, or unless you want some advice from someone who has experience in hardware.
Back when Bunnings was one of several large chains and small local hardwares were much more common it was easy, even Bunnings was made better by the competition. Monopolies are bad for consumers.

I don't understand how the heck Bunnings manages to have so much public good will.
It's a total monopoly that has run all of it's competition out of business and over the past 20 years has become progressively shitter at customer service.
I miss other hardware stores 😔

I think this is a bit of a misrepresentation of political correctness. I think the term political correctness is a bit outdated but I'll use it here.
Reclaiming derogatory language by minorities is obviously very empowering and has been done successfully. It's also the case that words that are offensive in one context can be neutrally used, demented and retarded are often used in medical contexts without anyone becoming offended.
Now one can come up with hypothetical situations where it can be difficult to negotiate whilst being politically correct, especially if the person speaking may not have the vocabulary. But in almost every real life instance of someone complaining about political correctness all that is being asked of them is to be considerate, kind, and inclusive. It can be taken too far but that is the exception, overwhelmingly people are understanding of slip ups or of people not knowing the correct terminology.
Empathy and kindness are important for their own sake, whether it's labelled as political correctness or not.


As usual, 26 January has been marked by protests, denunciations of those protests, and further iterations. Even apart from the fact that it marks an invasion, the foundation of a colony that later …

As usual, 26 January has been marked by protests, denunciations of those protests, and further iterations. Even apart from the fact that it marks an invasion, the foundation of a colony that later became one of Australia’s states isn’t much of a basis for a national day.