Cogito

@4mambo If the eu was a person, it would be old, sick and bankrupt.

A South Australian Liberal! No wonder the SA Liberals are a train wreck of a party. This is just idiocy!

@4mambo No. It is refusing to be patronised by some eu apparatchik

@MarketPalmer_ It is near impossible to earn the mortgage rate, after tax, without risk, on any other investment. Pay down your mortgage.

The biggest debate on finance X: Should you put extra money toward your mortage? The math answer: If your interest rate is lower than the return you could get investing the money, don't put extra towards your mortgage. The real answer: If it makes you happy, do it.

@TonyIKnow @AlboMP @AustralianLabor Somehow Aussie farmers do not see it as a win

What a HUGE win for @AlboMP and the @AustralianLabor team! #auspol #EUTradeDeal

@Camp4 Where is the contrarian part?

One of my contrarian takes: Society peaked in the 80s, and it’s been in slow decline ever since. It was the last era of widespread optimism. You can feel it in the music and movies. “Excess meets innocence.” The 80s also mark the end of the analog world—local economies, in-person everything, and a certain forced simplicity. Malls, movie theaters, magazines, and BMX. Then, beginning in the 90s, came the tidal wave of tech: Mobile phones The internet Social media AI All incredible innovations, with lots of positives. But on the whole I think they’re *net negatives* for society. We replaced a finite, real-world experience with an infinite, digital one. Infinite information. Infinite comparison. Infinite distraction. Human’s aren’t wired for that, and you can see the consequences all around us.

@rexsharkasaurus 'Hooked on photonics' says he. One ideological answer to all problems. Mining will use lots of petroleum for a long time. Not only in hauling but in explosives - which essentially is nitrogen fertiliser that needs a lot of methane to make and a liquid hydrocarbon to mix with.

This is a nonsense article, most of Australia's mines are not on the grid, so would thereby need to build electricity infrastructure on top of new capex for EV equipment. But a key quote within reveals the real problem: "Mining diesel intensity has been rising, not falling."

@thecyrusjanssen Stupid take of the day. How does that explain Iran striking practically all its neighbours, also unprovoked. Not as simple as that

This is propaganda. Rome, Berlin, and Paris have a 0% chance of being struck by Iran. Why? Because Italy, Germany, and France did not start an unprovoked war against Iran. It's honestly as simple as that

@TheAusInstitute I know you fool some people by being so economical with the truth, but not all. You pick the PRRT but omit the other much bigger taxes they pay.

'The real owners of these [gas] resources are the citizens of this very country. And I very much hope and expect that the citizens get their fair share..." - IEA chief Fatih Birol on 7.30 Right now, Australian beer drinkers pay more tax than gas companies pay in PRRT! #auspol

@AvidCommentator This will be compounded by building materials cost. A material part of the cost of bricks, cement, steel, etc is energy - directly or indirectly. Everything has some energy cost in it, but steel and cement a lot. Then there is food and its building blocks esp fertiliser...

Australia's current migration intake adds more to housing demand than it does the ability to build new homes. That is a fairly well established fact. Chart: Grattan Institute

@TheAusInstitute A dream. Over the past 60 years, fossil fuel as % of all energy has gone from about 75% to about 75%, despite trillions in renewables. No real movement. World economy has been built around it for over 200 years. If we were prepared to embrace nuclear we could shift the needle.

New South Wales is the first state in Australia to ban new coal mines! This is a monumental policy shift and the first real acknowledgement by an Australian Government that fossil fuels must be phased out. #auspol

@_davidlimbrick In practice servo's will simply raise prices higher and faster on the way up to play it safe, and lower prices less slower on a down cycle. The Vic govt is certifiably stupid.

Prices are capped for 24 hours. Now imagine a wholesaler offering a delivery that is above the price cap, what does the retailer do when they can’t raise prices? They don’t take the order. Result - shortages. Entirely predictable.

@WHIT3PH0SPHOR @TheAusInstitute They either do not understand this idea, or they are suggesting that we break our contracts and our word dishonorably. Either way they should take a hard look in the mirror.

@TheAusInstitute It’s a long term fixed contact, you can’t just break it because Japan is benefiting from high prices

The verdict: True. Australia exports gas so cheaply that Japanese companies profit from on-selling our gas. Read the full piece on The Point: theaus.in/4bwkUAs

@The5Pillars @TheAusInstitute No idea of pricing formulas. No concept of honouring your contracts - and your word. They are dreadful.

@TheAusInstitute @TheAusInstitute has no idea what a Take or Pay contract is. Rather important if you claim to be expert economists.

@TheAusInstitute Long term contracts with pricing formulas. At times Japanese companies paid HIGHER prices than they could get the gas for in the open/spot market. They were true to the contract and their word. Now that it benefits them, you want us to be unworthy of our contracts and our word?

@SenatorWong @kajakallas A whole private jet full of EU apparatchiks to make some kind of deal with their Australian counterparts...

Today, Australia and the European Union announced a new Security and Defence Partnership to strengthen our cooperation, support global peace and security, and keep our people safe. I thank my good friend @kajakallas for our work together progressing this agreement.

@GadSaad You sneaky bastards 😆 Seems to me you and John were in cahoots here...

@vonderleyen @AlboMP Two kindred spirits...

Dear @AlboMP thank you for your warm welcome to Canberra today. Europe and Australia share the same vision of the world – even though worlds apart. We believe in the power of openness and partnership. We believe that prosperity is driven by free and fair trade. We believe that peace is built on rules, and that our security is interconnected. And even though we live in different hemispheres, we are ready to join forces to defend them. In a time of global turbulence, I’m here to take our partnership to the next level. We need to. And we want to.

@PaulineHansonOz I cannot for the life of me understand that 'unregistered providers', all 280,000 (what the hell?) are tolerated. Register, or no money flows your way. How difficult is that? We have elected simpletons to govern us.

Today the Senate will vote on One Nation's inquiry into fraud, waste and abuse in the NDIS. The scheme was originally set up to care for the severely disabled, but it has since been abused and the cost has already reached $50 billion a year, on track to reach $100 billion. There is a large number of unregistered providers (around 280,000) compared to registered ones (about 25,000), with support coordination costs exceeding $1.65 billion without clear participant outcomes, posing risks to scheme sustainability. Immigration agents, some banned for misconduct, have been able to register as NDIS providers and allegedly defraud the scheme. Reports include billions for non-essential activities such as holidays and entertainment, and concerns that resources are diverted from those with genuine needs. Some former prisoners receive large NDIS payments, how is this possible? The scheme is not means-tested, allowing wealthy individuals to access funds, with some participants receiving over a million dollars and potential double-dipping with insurance payouts. Wages under NDIS can be claimed up to $195 per hour, much higher than typical wages for similar services, contributing to inflated costs and sucking away providers from other important industries like aged care and veterans services. The collapse of providers has left millions in unpaid debts, with concerns about foreign students improperly registering as service providers and sending money overseas without paying taxes. @DrewPavlou and @PeteZogoulas, as private individuals, are effectively doing the government’s job by independently investigating NDIS providers alleged to be defrauding taxpayers. Contrast their efforts—undertaken with limited resources and self‑funding—with the government's inaction. Despite extensive departmental resources, authorities have failed to adequately address widespread fraud that is visible and well known within the community. That's why the Senate must establish this inquiry into NDIS fraud, waste and abuse or the severely disabled who are in genuine need will end up worse off.

@GadSaad @JohnCleese Come on Gad. As a rule, especially lately, John is on the right wavelength. Let's move on. Bigger fish to fry.

I wrote to @johncleese a while ago to invite him on my show for a chat. He never bothered to respond even though I contacted him via a mutual friend. Perhaps now, I'm thankful that our chat never occurred.

@FarmerTonyWhite Miners consume such volumes that they have their own LT contracts, supply lines, etc. But you are wrong if you think they are not concerned and won't be impacted.

Why is it the miners are not saying anything about the diesel situation, but farmers are rationed? Some wanker not telling us the truth about the fuel situation?