Mark Strizek

Hey @SenKatyG, instead of looking to Australian projects for savings, why don’t you STOP shipping $10B in taxpayers’ money to two G7 countries for them to invest in their shipyards. #AUKUS #auspol

Snowy 2.0 isn't just a project management failure, it's also a project accountability failure . @snowyhydro's CEO, the Secretary of @DCCEEW, and two ministers knew of the $40B blowout, they just weren't telling you - the person playing the bills. #auspol michaelwest.com.au/snowy-2-0-a-sn…

Anthony Albanese’s dismissal last week of the concerns raised by the UK House of Commons Defence Committee on #AUKUS shows a worrying lack of seriousness. This $368 billion partnership demands proper scrutiny from the PM." #auspol theaustralian.com.au/commentary/why…

OR ARE YOU JUST HAPPY TO SEE ME? ... off-budget edition

“… there is some force in the Applicant’s submission … that the best way to achieve social licence and trust is through transparency and not secrecy.” The ART dishes out a massive rebuke to Govt on its #AUKUS nuclear waste secrecy. More coming at Michael West Media. #auspol

@AurumResources Well done Mr Yaya and team #insider #dyor

We've hit multiple thick gold intersections at Boundiali's BDT2: • 40.60m @ 1.06 g/t Au from 299m • 26m @ 1.48 g/t Au from 175m • 23m @ 1.32 g/t Au from 376m. The system remains open at depth; Boundiali PFS due May 2026. 📄wcsecure.weblink.com.au/pdf/AUE/030874… $AUE

POOR INCENTIVES = POOR DECISIONS … or how to improve on the Table of Truth Some people insist on thinking one side of politics is better than the other. I just see flawed human beings responding to flawed incentives If you want to be better governed, then insist on better incentives … A standout for me is that we let our politicians rort our terrible budget reporting Our rules were overhauled a quarter of a century ago to fix the then rorting, and I’ve spent the years since convincing journos to look at what I call the Table of Truth as the best guide to what politicians are doing with our money But politicians of all stripes have now figured out how to hide lots of dollars from the public under the current rules, so there’s less truth in that Table than there used to be There’s no simple way to fix what’s currently going wrong, and no single number that explains things well But recent days have seen suggestions that extra spending on both defence and fuel security will include an off-budget element, because, umm, because … And that annoyed me enough to put together this measure. It contains the net spending decisions of government (as seen in the Table of Truth), but I’ve also added the net increase in money going off-budget Check out the chart, which shows cumulative totals for the current government since it was first elected Yes, this is a flawed measure in lots of ways. But it isn’t necessarily biased to either understate or overstate net spending policy changes To date there’s been a pretty steady trend to spending more. That needs to change, because: (1) it has relied on temporary tax windfalls to paper over it, (2) much of the spending quality is poor (tax too, but that’s for another day), (3) we shouldn’t make the RBA’s inflation-fighting task any harder than it needs to be, and (4) the longer term budget position has deteriorated To be clear, there’s lots to like in pre-budget leaks, covering everything from an attempt to rein in the NDIS to an attempt to rein in trusts as a device to avoid tax But that good policy may also come with a side serve of the usual attempt to pull the wool over our eyes Where does the measure in this chart head next? That’ll be a key test of the budget

Un recorrido emblemático que nos pondrá a prueba en la sexta fecha del campeonato.​ ¡A por todo en el #PortugalRally! ​ #GazooRacing #TGR #WRC #GRYaris

Calm before the storm 🤫 This week the action starts earlier than usual with shakedown already on Wednesday afternoon ⌛️ #ToyotaGAZOORacing #GRYaris #WRC #RallydePortugal 🇵🇹

The latest Money Café podcast has just dropped. Alan & I unpacked the RBA's latest rate hike, previewed next week's federal budget, gave the Vic budget a spray & answered listener questions on tax system, property market, AI & much more! Free to listen intelligentinvestor.com.au/investment-new…

It’s time to shake it off and get ready for @rallydeportugal 😎🦅 #RallydePortugal

WRC Rd.6 ラリー・ポルトガル 🚗🇵🇹 レッキ（コースの下見走行）から戻った勝田貴元選手 @TakamotoKatsuta 道の確認を終え、天気予報から想定される状況に備えて、あらゆる準備を行って競技に臨んでいきます。 このあとは、日本時間の23:01からシェイクダウン（本番前の試走）です。 リプライ💬で応援お願いします!! #がんばれ貴元 Liveタイミング・Live配信など関連リンク集 #latest_round_links" target="_blank" rel="nofollow noopener">toyotagazooracing.com/jp/wrc/#latest… #WRCjp #GRヤリス

China controls 88% of global magnesium and that hasn’t changed in 20 years. And the West has not built a single large-scale magnesium production facility to change it. In 2023, China produced 830,000 metric tons of primary magnesium - 88.4% of global production. The figure has held at this level since the early 2000s, driven by government subsidies, vast domestic magnesite reserves, and the complete absence of large-scale alternative projects outside the country. This is not a market imbalance waiting to self-correct. It is a structural monopoly. The Chinese government views magnesium as a strategic material - 100% domestically sourced, unlike aluminium where China produces only 60% of its domestic needs. The calculation is deliberate: build industrial policy around what you control entirely. Several companies are working on a Western alternative. Including extracting magnesium from seawater - reviving the process the US and Europe used before China took over the global market in the 1990s. Before Chinese production scaled, seawater extraction was the primary method for producing magnesium outside Asia. China wants 45 kg of magnesium per vehicle by 2030, up from approximately 10 kg today. Every Chinese EV manufacturer must comply. The supply-side infrastructure to meet that mandate is being built right now: thixomolding machine suppliers are taking orders for 30-50 machines at a time. The capacity build-out is already underway. The West is watching from the sidelines while the dependency deepens. Want to see the infrastructure being built around this material - in person? CHINA DIECASTING 2026 - Asia's largest die casting exhibition. July 15-17, Shanghai. 600+ exhibitors. 28,000 trade visitors. An exclusive FACTORY TOUR of a 12,000-ton trial and testing center. 8 expert-led tech tours with dedicated Megacasting and Magnesium Casting tracks. Theme: "Twin Engines: Al and Mg, A Lightweight Future." Register: diecast-event.com/en/cid

3days Recce done ✅ at #rallydeportugal. The changing conditions in Portugal can be quite tricky, but we are ready to enjoy and push! 3日間のレッキ完了！ 変わりやすいコンディションでトリッキーなラリーになりそうです。出走順は難しくなりますが、楽しんで、ベストを尽くします👊

Today @KieranHRLC and I met with Afghan war crimes whistleblower, David McBride. He was on day release to attend a professional training course. He’s in good spirits with only 4 months until parole eligibility. We took a selfie but aren’t allowed to post it 😢. #auspol #injustice

【GRヤリス 特別仕様車】 2026年1月の東京オートサロンで発表した2台のGRヤリス特別仕様車の抽選申込開始が、2026年5月下旬に決定いたしました。 🚗MORIZO RR 🚙Sébastien Ogier 9x World Champion Edition 抽選申込はスマートフォン向けアプリ「GR app」を通じて受付予定です。 詳細な日程は続報をお待ちください。 ◆GRヤリスMORIZO RRの詳細はこちらから toyotagazooracing.com/jp/gr/yaris/mo… ◆GRヤリス Sébastien Ogier 9x World Champion Editionの詳細はこちらから toyotagazooracing.com/jp/gr/yaris/se… ◆GRアプリの詳細はこちらから toyotagazooracing.com/jp/grapp/ #GRYaris #MORIZORR #Ogier

@MichaelPascoe01 @1RossGittins Spot on @1RossGittins. High margins + low dynamism = the "Lazy Monopolist" trap. We’ve hit the limit of concentration.

Good to have @1RossGittins back: OECD says competition waned over past 2 decades, economy becoming less dynamic, less able to adapt and innovate. Markets are becoming concentrated – dominated by a few really big businesses – and profit margins are bigger smh.com.au/national/this-…

Govt abandons Inland Rail project as its cost doubles to $45B, continues pouring $10B to US/UK shipyards for unlikely #AUKUS sub delivery, rejects $17B yearly gas tax revenue and continues Snowy 2.0 despite a 21x price increase to $42B #shambles 🤷‍♂️ #auspol theguardian.com/australia-news…