Labor will definitely loose some votes under OPV regardless of how hard they work.
Democracy eh?
Labor will definitely loose some votes under OPV regardless of how hard they work.
It didn't happen 40 years ago when it would've benefited the ALP and it ain't going to happen now.
Huh, Shorten on 7:30 - didn't challenge Crabbe saying she'd heard the he'd stand by the Carbon Tax, and said something about being unsatisfied with the previous asylum seeker policy and not liking the trend of demonising refugees.
They're words I want to hear, but I don't know if he can back 'em up...
Democracy eh?
Well, it was mostly a joke post, but I was talking about OPV in the HoR, which is what the article was referring to.OPV has been suggested as a senate voting reform by virtually everyone except Labor. Unless this post refers to something else...
Why not?
Well, it was mostly a joke post, but I was talking about OPV in the HoR, which is what the article was referring to.
I imagine because it won't get through the Senate before July next year (Labor and Greens have no interest in passing it) and it won't get through after July (the Minor Parties have even less interest in passing it, as opposed to being inconvenient for Labor its outright suicidal for them).
Shortens appointment as leader is not all bad, now that Tanya Plibersek is deputy leader. She tends to be further to the left then many of her Labor colleagues and doesn't allow herself to suffer idiots. She has spoken out against the War in Iraq, discrimination against same sex couples and even gave Israel a massive serve at one stage.
She is a great leader and progressive thinker. Hopefully she'll keep Shorten grounded in the centre instead of his typical right wing.
As such, I can't see them winning the next election now. Unless Abbott does several very embarrassing things in the months leading up to the next election.
Huh, Shorten on 7:30 - didn't challenge Crabbe saying she'd heard the he'd stand by the Carbon Tax, and said something about being unsatisfied with the previous asylum seeker policy and not liking the trend of demonising refugees.
They're words I want to hear, but I don't know if he can back 'em up...
I apologise if I've given this impression I am pretty much self taught beyond the basics. Agree with your point about the unis, though Australia does have some pretty prominent heterodox economists. I remember reading it has something to do with the way Keynes was so readily accepted in the country, which created a culture and networks which survived thanks to a few individuals after stagflation reshaped the mainstream decades later.Also I know this going back a bit in this thread (I must have missed the post because again I'm a doofus) but you seem to know quite a bit about Post-Keynesian economics. I was lucky enough to have one tutor who was a bit heterodox in his views of economics and was wondering (assuming if your not self taught) where you were taught? (Most universities in this country wont teach that).
Likewise.They're both things he said during his "campaign". (100% sure on the latter but not the former). The posts about insiders ITT was the first I heard of him moving backwards.
This is so dumb...
But.... theyre gonna get that money back....
This is so true and so applicable to Australia. I am very thankful we have people who are as honest and smart as Joe Hockey in charge of our economy.In an interview in the US yesterday, Mr Hockey said the debt ceiling crisis facing America was clear evidence that governments had to deal with their fiscal pressures as quickly as possible.
"The world must live within its means and you cannot wait until five minutes to midnight to deal with fiscal pressures, you cannot wait until five minutes to midnight to deal with the massive debt burden left by previous generations," he said.
But.... theyre gonna get that money back....
I doubt this'll happen as it'd be complete political suicide for not only a generation of young adults but their parents too. Then again the same goes for AusPost and most regional areas but they'll just continue to vote for the Nationals to rubberstamp the Liberal party's shit-sandwiches anyway~
Forgive me for being ignorant, but what does this mean? If you sell someone's debt can the new owner change the interest rates/payback conditions? Because i'd feel like you couldn't, but if you can't, why would anyone invest in HECS debt?
It means packaging them as investments for people to "buy", but I don't really get it either. The interest rates are tied to inflation, so why on earth would anyone invest in it.
Weird. Unless they plan on changing the system that's a terrible deal.
What happens if the student can't pay the loan back? :/
Don't be so optimistic they might be favoring the US position of charging real interesting on Student Loans.
This is so true and so applicable to Australia. I am very thankful we have people who are as honest and smart as Joe Hockey in charge of our economy.
Or they can go the American route and exclude HECS debt from a bankruptcy meaning you're bound by that debt for life until you pay it off.
Weird. Unless they plan on changing the system that's a terrible deal.
What happens if the student can't pay the loan back? :/
Those are the current rules, doubt that would stay the same (along with the indexation rules) once privatised.The amount you pay back is tied to the amount you earn, if your income is below a certain threshold then you are not obliged to pay any HECS debt for that year.
Interesting. Totally agree with an English style privatisation of AusPost.
The HECS thing is interesting too. They would probably have to include some sort of guarantee against default.
Or they can go the American route and exclude HECS debt from a bankruptcy meaning you're bound by that debt for life until you pay it off.
Interesting. Totally agree with an English style privatisation of AusPost.
The HECS thing is interesting too. They would probably have to include some sort of guarantee against default.
Or they can go the American route and exclude HECS debt from a bankruptcy meaning you're bound by that debt for life until you pay it off.
Out of interest where do you draw the line at, if anywhere, for the privatization of publicly held services ? From what I remember you think Telstra was handled poorly (rather than being an inherently bad idea).
I guess I should put down my position too, if I'm going to ask you yours: I believe privatization is a bad idea in any institute where the goal is explicitly the benefit of the public (so healthcare, and the distribution networks for most utilities) because in these cases a profit motive causes an additional inefficiency (profit) rather than competition to lower existing ones.
As far as privatisation goes, I dislike monopolies more than I dislike public industries.
What is your position on natural monopolies though? For example, it is really inefficient to have a bunch of different electricity transmission companies competing for the same area. It would be a mess if you allowed companies to dig up the streets to run competing sewer pipes.
I don't think AusPost fits in with the above category of natural monopoly.
so i reckon what would happen would be: an institution buys the student debt, securitises it, sells to investors and pays a rate above the inflationary tied thing, then institution would effectively be paying net that for raising that capital, which would be less than the cost of raising capital through the traditional methods of issuing debt/stock or doing a loan. everybody wins! and then there would probably be a pretty hip secondary market for these things and everything could blow up aka sub prime!It means packaging them as investments for people to "buy", but I don't really get it either. The interest rates are tied to inflation, so why on earth would anyone invest in it.
I wasn't making that argument, just wondering about your general ideology. Thanks for the answer.
Fedex and co dont send general daily mail.
so i reckon what would happen would be: an institution buys the student debt, securitises it, sells to investors and pays a rate above the inflationary tied thing, then institution would effectively be paying net that for raising that capital, which would be less than the cost of raising capital through the traditional methods of issuing debt/stock or doing a loan. everybody wins! and then there would probably be a pretty hip secondary market for these things and everything could blow up aka sub prime!