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Like I said, gun control is NOT the answer. STOP punishing law abiding licenced gun owners in Australia & do something positive about crime!!!
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
One interpretation of the sectoral balances decomposition of the national accounts, is that it is impossible for all governments (in all nations) to run public surpluses without impairing growth because it is likely that the private domestic sector in some countries will desire to save overall.
The answer is False.
The question has one true statement in it which if not considered in relation to the rationale for the true statement would lead one to answer True. But the rationale presented in the question is false and so the overall question is false.
The true statement is that it is impossible for all governments (in all nations) to run public surpluses without impairing growth. The false rationale then is that the reason the first statement is true is because it is likely that the private domestic sector in some countries will desire to save overall.
To refresh your memory the sectoral 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:
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 taxes and transfer and interest payments (the latter are not counted independently in the expenditure Expression (1)).
Further, as noted above the trade account is only one aspect of the financial flows between the domestic economy and the external sector. we have to include net external income flows (FNI).
Adding in the net external income flows (FNI) to Expressio...
Selection process for a national radioactive waste management facility in South Australia thats the title of the Senate Inquiry . Begs the question, doesnt it ? Why does it have to be assumed that its gotta be in South Australia?
Sounds damn silly to me toting highly radioactive trash for 1700 km pretty much involving 3 States, all the way from Lucas Heights, Sydney, where it can be relatively safely kept until decades later when they might bury it permanently near to the nuclear reactor thats producing it.
But never mind. These uninformed Senators need your submission. Theyve already got at least 5 ...
This morning I opened a pack of Trumps muesli, which had been
gifted to me from a relative who is given them in her retirement
home but doesn't eat muesli
You can all begin by raising a glass to John Busby who was
whelped on this day in 1765, and who began the 10 year construction
of Sydney's first regular water supply known as Busby's Bore on his
birthday in 1827.
1796 - Bass and Flinders did not find Lake Illawarra but instead fell over a noisy skinny dipping pool party.
They declined the invitation to join in due to their mortal fear of verdigris.
1804 - And after a plethora of names such as Mulumbinba, Coal River, Hunter's River,Coal Harbour, and King's Town they finally settled on calling the damn spot Newcastle.
1810 - David Collins dropped off the perch rather suddenly...probably been over-doing the little blue "performance" pills again, randy bugger.
1854 - An Act to Establish a Constitution in and for the Colony of Victoria or more commonly the first 'Constitution Act' was passed in the Victorian Legislative Council. This set out the principles and methods for Parliament and would comprise two houses the Legislative Council and the Legislative Assembly.
1862 - The Peeps in Power in NSW went completely nuts today when they madly threw open the Main North Railway Line from Lochinvar - Branxton.
1879 - The bridge at Murray Bridge in South Oz - as you can't have a Murray Bridge without a bridge - was opened for traffic. Playing catch up, as always, it was adapted for choo-choo's in 1886.
1883 - The Salvo's fish and chip wrapper newspaper Warcry was flogged sold for the first time in Sydney.
1890 - The train travellers were most pleased when the railway line from Burnley to Oakleigh (Vic) was flung open for intrepid tripsters.
1891 - Dr Richard Schomburgk, the Director of Adelaide's Botanic Gardens, suddenly dropped off the perch.
Read more about this former Prussian rebel who dreamt up fabulous flora for Adelaide that's still enjoyed to this day.
1891 - The peeps wot made decisions at that extinct beast Victoria Railways were sniffing some sort of adhesive when they closed the Dunkeld to Penshurst railway line.
1891 - But obviously not all of them at Victoria Railways were as high as Harry Highpants' Top Hat cos they opened the line from Fairfield Park to Riversdale.
It was always going to be a big ask for the nation's grain crop to reach last year's record breaker, but extreme weather events across the country have guaranteed the harvest is well down on last year. Some grain-growing regions have even reported a drop of more than 70 per cent on last year's harvest. In the north of the country grain farmers battled extreme dry, in NSW and Victoria a late frost and record rains damaged crops, and WA made a comeback late in the season with much-needed rain. Dry winter impacts yields For Matthew Dart who farms at Merriwagga in southern NSW it's a harvest he was happy to see the back of. "It was one of those years where any mistake in any given sequence you were penalised so heavily," he said.
If you were in any doubt what Asia thinks about the possibility of a trade war, you saw the answer today. All major indices lower with losses between 2% and Japans Nikkei -4.5%. The Yen saw the flight to quality and even this evening is trading with a 104 handle. Market looks to have priced-in the worst but there is still a 30 day consultation period before enacted. Expect this uncertainty to last for a couple of weeks yet, so worth keeping a very close eye on the quarter end numbers. Shanghai and Hang Seng gave back 3.5% and 2.5% respectively with the Australian ASX off just 2%! The SENSEX held in reasonably well losing just 1.2% with the INR holding the 65 handle. SENSEX is not far from good support but the INR continues to look vulnerable.
Europe hit hard also and it was the DAX again that felt the brunt of the power. Closing down near 2% its the financials, autos and heavy manufacturing sectors where sellers are forced to drop offers to attract volume. DAX is now at levels similar to March and those of last summer, with crucial support for quarter end around the 11,400 level an important level to watch next week. Funny, doesnt seem that long ago there was only a 2k points between the DAX and DOW (actually, think it was 18 years ago)! The CAC also heavy and pretty much in line whilst the UKs FTSE demonstrated a little more sturdiness. Mid-session an Italian headline wobbled BTPs, which also shook other peripherals, but all managed to recover by the close with a little helping hand so went the rumour.
US (futures) traded weaker in the Asian time zone sympathising with local markets and was down almost 400 points at one stage, but recovered in European trading in-order for cash to open almost unchanged. Having rejected an early recovery we drifted for much of the time but finally rolled-over into the weekend. Closing off 400 points the fear remains weekend headlines and there is not a shortage of where they could appear from! Next week will be interesting to see where we finish for the month but is also quarter end. We have been targeting the week of March 19th for a while and now we know why. Many question, with all the uncertainty, why there is no signifi...
The following comments were made by Beverly Houston and Maureen Bradshaw, Brian Houston the current head pastor of Hillsongs sisters, on this, my personal blog site, on 18 and 19 September 2014.
These comments were made just prior to Brian Houston and other Hillsong and Australian Christian Churches (ACC) leaders appearing at the Royal Commission into Institutional Respines to Child Sexual Abuse in Sydney Australia in October 2014.
The Australian Christian Churches (ACC) was called the Australian Assemblies of God (AOG) until 2007, when Brian Houston renamed and reincorporated it. The Royal Commission accused Brian of doing this to try to evade paying any compensation to the boy sex abuse victims of his father Frank Houston, the lifelong secret pedophile founder of Hillsong.
Maureen Bradshaws comment on 18 September 2014 about my article, R...
Singapores Prime Minister Lee Hsien Loong, left, and Australias Prime Minister Malcolm Turnbull hold a joint press conference at the end of the Association of Southeast Asian Nations, ASEAN, special summit, in Sydney, Sunday, March 18, 2018. Leaders attending issued a joint statement with Australia that also calls for non-militarization and a code of conduct in the contested waters of the South China Sea, where China has become increasingly assertive. AP/Rick Rycroft
Katrina Clemente-Lua (philstar.com) March 23, 2018 3:06pm
On March 17 to 18, the Australian Government welcomed the leaders of the ASEAN member states for its first-ever special summit to be held in Australia. While the significance of the ASEAN-Australia Special Summit cannot be discounted, it is puzzling that the meeting was not subject of a buzz.
More so, President Rodrigo Duterte skipped the special summit to attend the Philippine Military Academy graduation on March 18. As it was an opportunity for the president to have a dialogue with aspiring military officials, it was likewise of great consequence for the president to have attended the ASEAN-Australia as an indication of the countrys commitment to further its security and diplomatic ties with Australia.
Significance of ASEAN to Australia
Australia became a dialogue partner of the ASEAN in 1974. The summit, which signified the increasingly close relations of ASEAN and Australia, was an opportunity for both parties alike to demonstrate the value of each others cooperation and engagement.
Australia is among the major powers that have engaged with ASEAN as a bloc. Undeniably and as stated in Australias 2017 Foreign Policy White Paper, the stakes of Australia in the Indo-Pacific which encompasses the member states of ASEAN, are quite high.
In just two days, more than 300 millimetres of rain has fallen in parts of eastern New South Wales, resulting in flash flooding. A low pressure trough moving slowly along the NSW coast brought persistent rain and storms to parts of the Hunter and lower Mid North Coast during the last 36 hours. The heaviest falls so far have occurred on the Barrington Tops, where a rain gauge at Careys Peak received 339 millimetres during the 48 hours to 9am today, Weatherzone recorded.
Recently sexual assaults within the Australian Greens have been gaining more attention. Jasmina Brankovich lives in Perth, Western Australia and has been following this issue closely.
In this interview we talk about sexual assault within the Greens and the lack of structures to deal with them.
In the second part we talk about this issue in the broader left and anarchist community.
Jasmina: For the past few years especially last year I think weve had a number of allegations covering all shades I guess of a male sexual violence as I prefer to call it in the Greens, and its seemingly across all branches so I think that Ive heard about the New South Wales, Victoria, WA and at the very least those those main branches so what we had is basically a number of allegations across a number of branches portraying theres complete lack of interest in dealing with them, theres also lack of structures structure for instance a lot of branches and I know about WA one of those allegations arose do not have anything like the sexual harassment policy and processes to deal with them not-with-standing the fact that some branches and at them at the national level are developing their policy now.
These things were not in place when the allegations against the current Senator Senator Jordan Steele John published in the True Crime News Weekly so these allegations have been covered in the independent non mains stream press....
SYDNEY (Reuters) The United States will deploy a record number of Marines to train in Australia, the Australian defense minister said on Friday, as Washington seeks to counter what it describes as Chinese aggression in the region.
U.S. Marine Pfc. Reuschel Ortiz (left) directs the distribution of ammunition at Freshwater Beach, Australia, during amphibious assault landing operations of Exercise Crocodile 99 on Oct. 1, 1999. Exercise Crocodile 99 is a combined U.S. and Australian military training exercise being conducted at the Shoalwater Bay Training Area in Queensland, Australia. DoD photo by Petty Officer 1st Class Daniel E. Smith, U.S. Navy.
The U.S. military plays a vital role in underwriting security and stability across the Indo-Pacific, and the Force Posture Initiatives will be an essential component in preserving stability and security over the coming decades, Defence Minister Marise Payne said in a statement.
Payne said 1,587 U.S. Marines will spend six months training in Australias remote north, an increase of nearly 27 percent on its 2017 rotation for the program known as the Force Posture Initiatives.
The deployment, first introduced in 2011 as part of a U.S. pivot to Asia, has emerged as a key indicator of Washingtons commitment to the region under U.S. President Donald Trump and his willingness to counter Chinese influence in a region where tensions have spiked amid disputes over the South China Sea.
China claims most of the South China Sea, an important trade route that is also believed to contain large quantities of oil and natural gas, and has been building artificial islands on reefs, some with ports and air strips.
In a move likely to irk Beijing, the U.S. Marines will train with personnel from Australia, Indonesia, Japan, Malaysia, the Philippines, Singapore and Thailand, some of which also have claims in the South China Sea.
China will monitor whatever the U.S. does and it would prefer that the United States not work with the Asian countries included in these exercises, said Euan Graham, director of the international security program at Australian think tank the Lowy Institute.
Beijing would like to deal one-on-one with Southeast Asia nations that have counter claims, he said.
The U.S. Marines will also bring additional military equi...
During a visit to Australia, Chinese artist and activist Ai Weiwei has blitzed the media with his concerns about the global treatment of refugees.
He is the headline artist with two major installations at the Biennale of Sydney that runs until June 2018. One, called The Law of the Journey located at the Cockatoo Island, features a black rubber, inflatable boat and figures. They were made with the same material used to produce the hazardous boats that some asylum seekers and migrants travel in while attempting to cross the Mediterranean.
...Ai also spoke at the Cinema Nova for the Melbourne opening of his documentary Human Flow, which features the stories of refugees in 23 countries in 2016.
...Kon Karapanagiotidis from the Asylum Seeker Resource Centre conducted a live interview on Facebook and Twitter that has since attracted nearly 10,000 viewers.
I note that tomorrow, Sydney researcher Bill Chalker and abductee Peter Khoury are speaking in my home town of Melbourne at a VUFOA sponsored event. I am looking forward to going along as a silent observer. I am hoping that the duo may be providing some updated information about the physical evidence aspects of Peter's experiences. For readers who may be unaware of these details, which involve DNA analyses here is a link.
The 'Ata' anomaly
Coincidently, DNA analyses of an apparently anomalous skeleton, which some have suggested is extraterrestrial, features in a US CNN report dated 22 March 2018.
A mummified skeleton was found 15 years ago in the Atacama Desert in Chile. The recent Dr Steven Greer documentary 'Sirius' which featured this skeleton, strongly proposed that the skeleton was of an extraterrestrial 'alien.'
However, an article just published in the scientific journal 'Genome Research' reveals that this unusual skeleton is actually human, with multiple bone disease-associated mutations, thus giving it a very unusual appearance. Here is hard science at its best.
The 'Starchild' skull
A second recently published hard science analysis, including DNA work, reports on an unusual 900 year old skull found in the 1930's in Mexico. US researcher Lloyd Pye initiated work on this skull between 1999 and 2014 looking for evidence as to the possibilit...
In January 2018, Sophie Couchman and I hosted our second Chinese Australian Hometown Heritage Tour to Hong Kong and Guangdong. The tour ran for eleven days, from 14 to 24 January 2018, and visited Hong Kong, Jiangmen, Kaiping, Taishan, Xinhui, Zhongshan and Zhuhai. We were joined on the tour by seventeen guests, from New South Wales,
NSW, the sleeping giant of rooftop solar, is about to awake http://reneweconomy.com.au/nsw-sleeping-giant-rooftop-solar-awake-68621/ By Giles Parkinson on 22 March 2018
New South Wales has long played second fiddle to Queensland the Sunshine state, when it comes to rooftop solar. Despite its bigger population, NSW is beaten into second place on rooftop solar installations by Queensland, which has already reached the 2GW mark.
But the Australian Energy Market Operator suggests that is about to change.
Over the next few years, it expects NSW to overtake Queensland with the most installed capacity (by 2020/21) and by 2035 it expects NSW to have more than 7GW of rooftop solar in the state 50 per cent more than its nearest rival.
This graph above [on original] shows the estimate, including in the AEMCs Reliability Panels annual report, which highlights the growing shift to decentralised energy, which includes rooftop solar and storage.
Indeed, this graph shows only one of AEMOs installation scenarios its high uptake shows another 3GW of rooftop solar, and many suggest that half of all Australias electricity needs may come from decentralised energy within a decade or two.
Recent data suggests that NSW recently pipped Queensland as the biggest market for rooftop solar in the month of February (with just over 28MW install...
1789 - London: The first news from Botany Bay hit Londons
newspapers the following day.
1789 - Shipping more convicts one thousand (1,000) males and three hundred (300) females to Australia had been held up because, not until the Prince of Wales a returning First Fleet transport reached Falmouth on 23 March 1789, could anyone in England be certain any of the First Fleet Robinson Crusoes marooned 13,000 miles (21,000 km) from their homeland since 1788 were still alive.
1790 - Norfolk Island: HMS Sirius, had successfully discharged her evacuees and most cargo, when she ran aground. Stuck fast in pounding surf on every side Sirius broke up over a number of days; happily, however captain Hunter and every other person belonging to her were saved.
1791 - Tahiti: Edwards reached Tahiti but by then Fletcher Christian, who always knew the Navy would come after him, had fled. Eight (8) crew members and their Tahitian wives sailed with him to Pitcairn Island where the Bounty was scuttled.
Captain Edwards arrested fourteen (14) mutineers who had settled happily on Tahiti. Some had married into local families, two (2) had fathered a child and resisted arrest. Others, among them William Morrison and midshipman Peter Heywood, surrendered willingly but Edwards treated both groups with savage brutality.
1795 - The first cargo exported from Oz to India, of cedar logs and mahogany (you can drop some off at my joint, thanks!) was launched in the bath tub today.
1803 - Patrick Gannon, Hanged at Castle Hill for rape, attempted murder and robbery.
1803 - Francis Simpson, Hanged along with Patrick Gannon at Castle Hill for robbery.
1827 - Governor Darling posted off a few notes on a forest of paper to Under Secretary Hay dealing with several matters in The Fair Isle of Oz, one being the rumoured murder of an Aboriginal in police custody...
"The circumstance of the Native shot at Wallis's Plains... has occasioned infinite trouble , without the possibility of coining satisfactorily at the facts. The case is briefly this. A Native, who was supposed to have been concerned in the murder of a Stockman, was seized and delivered over to the Mounted Police at Wallis's Plains under Lieut. Lowe of the 40th Regt. It was rumoured that the man had been taken out and shot in cold blood. Orders were immediately sent to the Magistrates to investigate the matter. The report of their proceedings was unsatisfactory; and they were reprimanded by my directions for not having taken the necessary steps to ascertain the facts referred to them. Conceiving it would be unavailing to employ them further in this matter, the Chairman of the Quarter Sessions was directed to proceed to Wallis's Plains and pursue the enquiry. He was wrecked on the Coast, and obliged to return to Sydney. The Acting Attorney General...
In New South Wales, the Lock The Gate Alliance, Is stepping up its effort to put an end to coal seam mining in the state. To build the campaign top the next level, the alliance is holding a massive rally to be held at Martin Place in Sydney at 12pm on Saturday 24 March.
Meet the Nannas there, bring a snack, a placard, some water and your walking shoes.
No one says 'no' to their Nanna. That's just another great reason to RSVP now for the #Time2Choose rally this Saturday in Sydney. Meet the Nannas at the top of Martin Place at noon. Bring a snack, a placard, some water and your walking shoes. Cause it's #Time2Choose!
Posted by Lock The Gate Alliance on Wednesday, March 21, 2018
The post Video: Lock The Gate holding massive rally in Sydney appeared first on The Pen.
NSW will need extra generation capacity unless AGL rolls out all three stages of its transition Australia's energy market operator says an additional 850 megawatts of dispatchable generation capacity will be needed in New South Wales after the closure of the ageing Liddell power plant if AGL Energy fails to complete all three stages of its transition plan.Last December AGL confirmed it would close Liddell in 2022 and replace the coal plant with a mix of renewables, gas power for peak [...]
Pastor Pat Mesiti. Domestic Violence Conviction 2016. Adulteries 1998-2016. Hillsong and C3 Pastor. Visited prostitutes on his Hillsong credit card. Hillsong Youth Pastor. Youth Alive evangelist. Fell from grace and restored by Dr Phil Pringle head pastor of C3 Church. How the corrupt priests of Pentecost sowed devils on each other. Part 8. Australian and New Zealand errant Pentecostal pastors who couldnt keep it in their trousers or sexually abused little kids "GroovUs Feed Anews"
On New Years Eve 2015 Pat Mesiti was charged by the NSW North-West Police with bashing his wife.
Today he was convicted at Parramatta Court Sydney with one count of common assault for actual physical assault on his second wife Andrea- in a fit of rage while heavily intoxicated. He awaits sentencing.
News.com.au article below
Here we were on the other side of the world not being able to have clarified which of our relationships was valid. WHEN Australian same-sex couples were finally granted equal access to the Marriage Act in December 2017, the widespread expression of relief was tempered by a growing awareness of a legal minefield. Brisbane couple Elaine Crump and Sharon Dane let the emotions in, but the status of their long-term relationship remained in limbo. Like many same-sex couples seeking legal documentation during the interminable wait for Australia to pass marriage equality, Elaine and Sharon had already taken their chances in countries where equality was accessible. The pair first solemnised their 
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