21 Burst results for "Morrison Government"
Bloomberg Radio New York
"morrison government" Discussed on Bloomberg Radio New York
"Of us? Bloomberg surveillance must listen. Must watch. I think they made a great decision, separate we are supposed. We demonize it 7 eastern on Bloomberg radio and Bloomberg television. Saudi Arabia has issued $5 billion in bonds and sukuk in its first foray into international debt markets since last November. It also offered to buy back more than $15 billion in bonds to you between now and 2026. It's about foxman has more. So quite a bit of a shift then and strategy, right? Well, you know what? It seems to really be about continuing its engagement with international debt markets. Sure, Saudi Arabia has made a lot of money on higher oil prices this year. But this is, as you pointed out, the first foray in international debt markets since last November, gulf borrowers haven't been very busy this year. In part, because of those oil revenues. But you know, Saudi Arabia needing to stay engaged in the market in the long term. It has lots of plans to keep building stuff ahead. And so yes, while we are retiring potentially some nearer term debt, pushing out the duration, this gets it into play, gets it in the mind of international investors. You know, I want to point out what we've seen in Saudi bonds recently particularly of looking at your ten year debt. We have a GTV go showing this. It was in a particular run up and yields over the last couple of months, no sign from the fed that that may be changing anytime soon. So maybe a desire to kind of get in while we're still at these 5.2% yields before we see anything moving higher. And Abu Dhabi, so I'm good to see you good to have you back. Abu Dhabi says it will transfer the ownership of the state carry carrier Etihad to the sovereign wealth fund a, DQ. Now what's the thinking behind that Maybe what are the ramifications? Yeah, officially, this part of a policy that Abu Dhabi has had to try and make itself a transport hub. 80 Q already owns a lot of aviation assets with their Abu Dhabi. It's a majority stakeholder there. It actually purchased as well. Some of Etihad's operational assets last year, and then earlier this week, it did a transaction or made an offer for a transaction rather that we leave it with a 59% share in the publicly traded company, Abu Dhabi, aviation, we've seen shares spike in the last couple of days on that. Also important, the potential Succession questions around Tony Douglas, the CEO of Etihad. There's been some speculation significant speculation that he may go and try to lead a new Saudi carrier. If he does leave, it would be helpful, probably, to have someone with this overall vision, some fun with this overall vision. Being able to determine the future of Etihad. And then Australia has ended its recognition of wester Jerusalem as the Israeli capital. What's behind that? If foreign minister penny Wong, calling this decision, a cynical play by the Morrison government, the previous government to win a buy election. They described the conflict and distress that this had created any international community. They hadn't actually physically moved the embassy from Tel Aviv. But this was so this mostly a rhetorical decision rather than one that actually has a huge impact on the ground. This really underscores a lot of the international concern about the policies that Israel has had over the last couple of years in terms of trying to find a peace agreement with the Palestinians. This is something that is a core issue for yair lapid and the upcoming elections. He essentially very critical of Benjamin Netanyahu, the previous prime minister for what he had done some of the hardline policies that he had adopted over the past couple of years. Does this move the needle in the elections? That probably not the case, however. So thank you very much for some of those updates that simulate foxman at the financial center at Doha from the realm of geopolitics that take you back to some of the corporate news. This one from one of the largest companies on the Dubai index. This is the logistics heavyweight aramex. They're announcing a deal. They're basically purchasing the ecommerce enabler platform my U.S.. Now, if you've used shop chip service of RMX, you would have used my U.S.. So this is a competitor and it comes at quite a significant ticket price here for approximately all cash at 265 million U.S. dollars, the transaction marks AMX's largest acquisition so far this year and they are saying the press release that they've obtained all the necessary regulatory approvals and they've completed the acquisition. We'll see how the stock reacts at the open in about an hour's time. I take you from aramex to equity futures in the United States where we're looking at the continuation of this pop back in stocks. I mean, over the last two trading sessions, the NASDAQ has been up almost 4% to 4.2%. Now look at the extended by an additional percent. We're talking earlier to Martin Malone from alpha book and he was saying yes, this does look like a bear market rally, but this could extend well into 2023 and largely depends on what kind of fed communication we're going to get as we count down to the end of 2022. Looking out at US Treasury yields as well where we are still close to the highest level since 2008, U.S. tens at four O two, 52, we're looking ahead to the beige book and some of the housing data later in the day as well. Much more
TuneInPOC
"morrison government" Discussed on TuneInPOC
"All right, I'll be welcome back. Sorry, the conversation about the modern learning environment has set off my program talking about this is a big open plan. Classrooms and the New Zealand initiative have found there's no research that backs up the whole thing and they want to know what the hell's happening and they think it's ideology run mad and I found some reports that have come out over the last four or 5 years that said well it might actually be because of financial constraints. So I get this. I sit on a board and try to see through a logical north of Auckland, we spent the best part of three years negotiating a rebuild of the school to cope with regional growth. During this time, we repeatedly had these large format modern learning classrooms thrust upon us by the Ministry of Education. Despite our community and board opposition, there was no research base evidence to support improved learning outcomes provided, and the reason we were repeatedly given was the financial cost of the rebuild. It's so you can teach more students with less teachers in bigger rooms and it's ideologically a bit suspect as well. It's a double whammy people. 23 to 5. It's the world wires on news talks and be drive. It happened. It finally happened and it was magnificent. The queen was laid to rest. As she is now beside her husband, Prince Philip. And her mom is in there as well, and her dad. It's the king George VI memorial chapel. His other crypt on the side of it. It happened at the conclusion of this morning's commemorations and only the family was there and not the cameras. And as was expected, the post funeral procession attracted massive crowds. Doing a lot of emotional through most of it actually. And which is generally not me, so. It's made me feel very emotional, but it was nice to see her come home and to say my final goodbye. It was hypnotic, was it not the 142 naval ratings pulling the gun carriage was just impeccable. I don't like bagpipes. But by God, there is a time and a place for bagpipes like that that was magnificent but there we go. All right, Australia has a bit more cash in the kitty than they thought treasure Jim charmers is the government's budget deficit is $50 billion smaller than was predicted this time last year. And he says the Morrison government simply couldn't deliver all the spending a promise. A lot of the temporary improvement that we saw in 21 22. Now becomes an issue for this government to deal with in 22 23 and beyond. Because of the over promising and under delivering on much of this funding. Other promising and under delivering now where have I heard that before? And finally, oh, I love this story as the grudge match between the chess masters Magnus Carlsen and Hans niemann has escalated. These guys hate each other. Niemann was accused of cheating in a match against Carlson in a recent tournament. Now I wanted to know how they managed to do that. Because the whole world's watching two guys staring at each other, but somehow, some cheating was happening. This is because niemann suddenly beats calcium, it's not supposed to happen so good. Anyway, the peer matched up again this week and Carlson decided to stick it to niemann by forfeiting after just one move. He moved one porn and then he went off. The commentary team were not,
Bloomberg Radio New York
"morrison government" Discussed on Bloomberg Radio New York
"A ten He's got the latest top stories Good morning Samuel Good morning Here in the UK Boris Johnson is facing another dressing down over illegal parties at Downing Street during the lockdown even as the cost of living crisis worsens for voters The party gate scandal has dogged the prime minister for months and now the full internal investigation from civil servant Sue gray's expected this week The education secretary dim zahawi is insisting he does not know who called a meeting between the pair ahead of the report Two great has conducted her report independently The prime says never ever intervened in her report Sue grace integrity and professionalism is beyond doubt Meanwhile the labor opposition is calling for an urgent explanation Now the ECB's left off in rates looks all but certain to come in July European Central Bank president Christine Lagarde once again signaled the first increase in interest rates will be soon In a blog post on Monday she said the European Central Bank is likely to start raising interest rates in July In a sign of the inflation concerns class not became the first governing council member to float the idea of a 50 basis point move at the ECB's July meeting And also Christine Lagarde is joining us exclusively on Bloomberg TV from Davos tomorrow President Joe Biden says the U.S. would intervene to defend Taiwan in any attack from China Asked during a press briefing in Tokyo where the U.S. would be willing to get involved militarily U.S. leaders responded yes On the issue of tariffs on Chinese imports Biden says he'll be discussing those with treasury secretary Janet Yellen when he returns from visiting Asia Australia's new prime minister kicks off his term with a meeting of the quad security partnership in Tokyo today Anthony albanese has been sworn in as Australia's 31st prime minister The first time since 2007 that labor has won a general election Bloomberg's Georgina McKay has all the details Anthony albanese's Labor Party has taken office promising swift action on climate change gender equality and wage growth The prime minister will immediately fly to Tokyo to join a meeting of the quad security partnership It is still unclear whether albanese will be able to form a majority government or if the mine of parties and independents will hold the balance of power Albanese defeated prime minister Scott Morrison at election on Saturday which saw several senior ministers in Morrison's government lose their seats including treasurer Josh frydenberg In Sydney I'm Georgina McKay Bloomberg daybreak Europe Broadcom is in talks to buy cloud computing company VMware as it seeks a big software deal according to people familiar The cloud firm backed by Michael Dell and silver Lake has a market value of about $40 billion The deal would extend a series of acquisitions for Broadcom chief executive officer hock tan who has built one of the largest and most diversified chip companies That's global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than a 120 countries On Samuel Etienne this is Bloomberg Tom Samuel thank you Okay the war in Ukraine rising energy prices and a reversal of globalization The world's problems being discussed at Davos are of course severe Bloomberg's francine lacquer has been speaking to the cop 26 president alok Sharma About whether Russia's invasion pushes the transition to cleaner energy backwards Well I think what we've seen even in the lead up to cop 26 was that the clouds dark clouds were gathering in the overwhelming international geopolitics but we still managed to get a deal over the line almost 200 countries And I think it demonstrated that on this issue countries have understood it's in their self interest Now of course the world has changed We've got Russia's illegal and brutal invasion of Ukraine But I think what that is done I mean you talked about a call for instance I think what this war has done is also demonstrate the countries the vulnerability of relying on fossil fuels and you're seeing commitments made by governments to accelerate clean energy to accelerate a renewables And ultimately I think there's an acknowledgment that our future does not lie in fossil fuels In terms of the commitments that we got out of cop 26 we're pushing forward on those I held a meeting in Copenhagen If you days ago together with Egypt and we got some good commitments coming through there The reality is we need to go much further and faster over the next 6 months But do you think because of the war in Ukraine the bar is a little bit lower So I understand it crystallizes some of the concerns that maybe it pushes a transition deeper but will it take longer to achieve it Well I think if there is a big push in terms of renewables as all countries are talking about and in the UK for instance we published a British energy security strategy It's all about having a big push on solar on wind on hydrogen on nuclear And if you look at the price of renewables in terms of solar and wind they've come down significantly I understand Compared to fossil fuels in the meantime we're also just trying to get energy at all costs out of any means This is just to make out for that downfall and those high energy prices because of the cost of living Well so I think there were commitments made at top 26 in terms of coal in terms of the G 20 Last year in terms of no more financing of international co projects overseas I acknowledge that there may be a possibility that in the immediate term to deal with energy security issues that countries may need to do a little bit more cool But what that should do is give us the space to build out in terms of renewables And I think you're seeing that happening I just want to be very clear about this fossil fuels are not the world's future We have a new Australian prime minister who's much more climate friendly than his predecessor What does that change on the world stage for diplomacy with climate change Well Australia is a G 20 nation and the G 20 response for 80% of global emissions So of course I welcome the fact that we're going to have more countries coming forward with commitments But ultimately this is about making sure that every country delivers on their commitments But the G 20 matter they really matter as part of this discussion I've been in Jakarta recently talking to our Indonesian colleagues who have of course leadership the G 20 And it's going to be vital as we did last year to use events during the year the G 7 the G 20 the UN General Assembly the Commonwealth heads of government meeting to keep pushing forward the agenda on climate What we can not allow is because of the war in Ukraine for us to have a setback in terms of commitments on climate What it should be doing is making us redouble our efforts to deliver on the commitments we've made Okay that was of course cop 26 president alok Sharma speaking to Bloomberg's francine lacquer at the world ecommerce forum in Davos There's lots more coming up Bloomberg daybreak Europe in terms of interviews from the World Economic Forum as we continue to keep an eye on markets which are looking a little bit more subdued than.
Bloomberg Radio New York
"morrison government" Discussed on Bloomberg Radio New York
"A cost of living crisis worsens for voters The party gate scandal has stopped the prime minister for months and now the full internal investigation from the civil servant Sue gray is expected this week The education secretary nadeem zahawi is insisting he does not know who to call the meeting between the pair ahead of the report Too great has conducted her report independently The promise has never ever intervened in her report Sue grace integrity and professionalism is beyond doubt Meanwhile the opposition Labor Party is calling for an urgent explanation The ECB's liftoff friend rates looks all but certain to come in July European Central Bank president Christine Lagarde once again signaled the first increase in interest rates will be soon saying on Dutch television that a hike may come weeks after net bond buying ends early next quarter She downplayed the idea of a half point move amid concerns about economic expansion and a sign of the inflation concerns Klaus Knott became the first governing council member to float the idea of a 50 basis points move at the ECB's July meeting Now president Joe Biden says the U.S. would intervene to defend Taiwan in any attack from China Asked during a press briefing in Tokyo whether the U.S. would be willing to get involved in militarily the U.S. leader responded yes On the issue of tariffs on Chinese imports Biden says he will be discussing those with the treasury secretary Janet Yellen when he does return from visiting Asia Now Australia's new prime minister kicks off his term with a meeting of the quad security partnership in Tokyo today Anthony albanese has been sworn in as a 31st prime minister the first time since 2007 that labor has won a general election Bloomberg's Georgina Mackay has all those details Anthony albanese's Labor Party has taken office promising swift action on climate change gender equality and wage growth The prime minister will immediately fly to Tokyo to join a meeting of the quad security partnership It is still unclear whether albanese will be able to form a majority government or if the mine of parties and independents will hold the balance of power Albanese defeated prime minister Scott Morrison and election on Saturday which saw several senior ministers in Morrison's government lose their seats including treasurer Josh frydenberg In Sydney I'm Georgina McKay Bloomberg daybreak Europe And some M and a news view brought commas and talks about cloud computing company VMware as it seeks a big software deal according to people familiar the cloud firm backed by Michael Dell and silver Lake has a market value of about $40 billion the deal would extend a series of acquisitions for Broadcom chief executive hock tan who was built one of the largest and most diversified chip companies Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries This is Bloomberg Stephen Leanne thank you very much Well let's talk more about Joe Biden's visit to Asia He's in Japan where he's held a joint press conference with the Japanese prime minister and we've just in the past few minutes had news of this new 13 country economic pact in Asia Joe Biden also saying that the U.S. Military would intervene to defend Taiwan and any attack from China or are getting reaction already from Beijing on that or deploring and rejecting the U.S. comments on Taiwan Let's speak to Bloomberg's Bruce einhorn who joins us now with the latest on all of these stories Let's start with that news of that trade pact Bruce What do we know about this agreement that's been signed So this is called the indo Pacific economic framework It's 13 countries It's got four what they call pillars Around trade supply chain resiliency clean energy decarbonization infrastructure and the last one taxation and anti corruption Significantly what this doesn't have is aren't measures designed to do away with tariffs and other trade restrictions Instead it's a road map toward cooperation on these other issues It's significant because in the United States now there's very little political support for more conventional kind of a trade deal That used to win support from Democrats and Republicans alike Former president Trump on second or third day in office withdrew the U.S. from a trade deal called the trans Pacific partnership ever since then the U.S. has sort of been left out in this part of the world when it comes to economic leadership So this is something the Biden administration is trying to do acknowledging that there's not the political will in the U.S. to do a more conventional trade deal Yeah Bruce a bit of re engagement at some level then even if it is limited as you describe From the U.S. in the Asia Pacific region on trade And actually we did get some comments earlier from President Biden Where he said that some of the Trump era trade tariffs that had been put in place on China would be reviewed Yes and that is that's something that of course the business community has been calling for for a long time It's unclear just which tariffs he's referring to what the timetable would be But up until now the Biden administration has not done anything to get rid of any of the tariffs imposed by the previous administration during that trade war Especially given how inflation is such a hot issue in the U.S. the Biden people could present this as an inflation fighting measure What about those comments on Taiwan then some of the strongest language yet from Joe Biden on the issue of Taiwan and what has Beijing said about it and what are the implications of what he said So this isn't the first time that President Biden has said made provocative comments about Taiwan provocative as far as Beijing is concerned He has said some things in the past that have gotten the Chinese government upset In this case he was asked if the U.S. would be willing to get involved militarily to defend Taiwan The president said yes it's a commitment We made he went on to say that this does not represent a change in policy that the U.S. still sticks with the one China policy However the U.S. also has the Taiwan relations act which governs relations between Taiwan and the United States and the United States as long-standing policy according to President Biden is that the U.S. does not want China to act militarily toward Taiwan to try to invade So Bruce how do we how do we make sense of the fact that the United States says it would defend Taiwan if it were invaded but it also signs up to the one China policy which means that which means seeing Taiwan as Chinese doesn't it So how do we tie those two things together You know what that is That's been a challenge in this relationship since the late 1970s when president Carter first recognized Beijing and cut U.S. ties official ties with Taiwan So yeah you're right There's always been something of a contradiction there which is something that the Chinese government has been very upset about The U.S. position is that yes there is one Taiwan but there shouldn't be I'm sorry that there is one China But there shouldn't be any use of force to unify the two sides The president did also refer to Ukraine So clearly looking at the situation in Ukraine and when Russia first invaded there were many people who were saying well maybe this creates something of a road map for president Xi Jinping if he ever were to try to change any sort of recovery of Taiwan Thank you very much Bruce Thanks for the update Bruce einhorn giving us the details there Bloomberg reporter following President Biden's trip to Asia Straight ahead on daybreak Europe will be looking.
Bloomberg Radio New York
"morrison government" Discussed on Bloomberg Radio New York
"Thank you so much President Joe Biden could meet Saudi Arabia's crown prince Mohammed bin Salman as soon as next month and what would mark a shift in U.S. policy The president has avoided contact because of the 28 murder of the journalist Jamal Khashoggi with The White House saying he would only deal with king Salman the encounter would take place during Biden's visit to the Middle East for talks with the Gulf Cooperation Council Now French power generator EDS flagship nuclear plant here in the UK will cost more than expected and take longer to complete EDF now expects the two reactors at the hinkley point C plant to cause between 25 billion 26 billion pounds It is the fourth budget increase in 5 years EDF pushed back the completion date by one year to June 2027 And finally sources say Apple executives have shown off their next biggest bet to the company's board and mixed reality headset The demonstration indicates that development of the device has now reached an advanced stage It would be the first major new product since the Apple watch was debuted all the way back now in 2015 People familiar say Apple aims to unveil the headset as early as the end of this year Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in war than 120 countries I'm Jan guerin's this is Bloomberg one day we might be able to watch the Australian election on the headset Caroline You never know Exactly nice segue into our next topic of course Australia goes to the polls on Saturday prime minister Scott Morrison and opposition leader Anthony albanese have battled it out during a 6 week campaign that has also seen a prominent role for independence and the greens Morrison is asking voters to give his government a full term in office but the Labor Party has used rising inflation and tepid wage growth to claim there is a cost of living crisis in the country during the year It's Bloomberg's Paul Allen live in Sydney Paul thanks for being with us What if the issues been on the campaign trail then as far as you've made out Well this has been a very small target campaign The Labor Party took a very ambitious policy agenda to the 2019 election and lost so this time running a very very small policy agenda And only got costed a couple of days ago they're looking at spending $13 billion and generous spending on child care some initiatives to boost local manufacturing attacks on multinational corporations This has been attacked by Scott Morrison's liberal national government He warns that these policies will be inflationary and add to the debt burden Meanwhile he's offering a policy that would allow people to tap into their superannuation or pension funds to buy houses which are of course phenomenally expensive in Australia Labor has criticized that saying it'll push up prices even more But like I say both parties really presenting a very very small target This time labor really sticking to that old political theory that oppositions don't win elections Governments lose them So really relying on voter dissatisfaction with the past three years of the Morrison government Paul independent candidates are getting a lot of attention in this election as well Let's write a particularly around the climate which has been an issue that neither large party is really wanted to touch because it's claimed the scalps of a lot of leaders of both parties over the past ten or 15 years But the so called teal independence of really picked up the baton here teal because it's a combination of Liberal Party blue and green 22 candidates are running in seats that are held by the government including the treasurer Josh frydenberg he's in a bit of trouble in the seat of Ku Yong down in Melbourne This is really over a sense of frustration about a lack of the government's taking climate policy seriously Also a lack of seriousness towards women's issues so the government facing real challenge from these teal independents in the city seats Okay what does the polling show then Well the polling at the moment does show a win for the opposition Labor Party which would make Anthony albanese the next prime minister But we saw the same thing back in 2019 in the polls got it very very wrong Scott Morrison ended up hailing what he called a miracle win so he's looking for a similar result this time that a win that would confound the pollsters But the teals really make this an interesting race We could end up in a situation where we get a hung parliament where neither party wins the 76 seats required to claim outright victory So that would mean a lot of horse trading and negotiation over a period of days and possibly weeks We might not see a definitive result on Saturday night And further clouding it we've got about 2 million Australians out of the 17 million registered voters reporting in a postal vote So those won't be counted until after polls close on Saturday Paul thank.
Bloomberg Radio New York
"morrison government" Discussed on Bloomberg Radio New York
"Good morning I'm John Tucker And I'm Karen Moscow and you must stock index futures are lower this morning We're coming up to 5 O one on Wall Street and we check the markets every 15 minutes throughout the trading day on Bloomberg S&P futures down 59 points this morning down futures down 422 and NASDAQ futures down 205 ten year treasury up 1330 seconds 2.83% and they yield on the two year 2.61% 9 X crude oil is down 1.1% on a dollar 20 at a $108 41 cents a barrel comex gold is at the quarter percent or $4 40 cents and 1826 80 announced John And Karen futures are down this morning after yesterday's big sell off The S&P 500 had its biggest single day drop in nearly two years Lauren Gilbert CEO at wealth wise as investors should proceed with caution We are playing it more conservatively than more aggressively both on the fixed income as well as on the equity So dialing down areas that are high yield or areas like that Wealth wise CEO Lauren Gilbert says it's unclear when markets could stabilize Bearings chief global strategist Christopher smart believes the in spite of the uncertainty there are still positive signs from the economy We still see the U.S. economy is fundamentally strong The U.S. consumer is still very strong companies are ready to have very good balance sheets And we've just come through an earnings session an earnings season that has been relatively good I think it's important to understand that we're still a long way from a recession in the U.S. Christopher smart of behring says it's a good time to focus on companies with strong business models and balance sheets Well John the sell off is extending overseas in Europe equities are falling hard And they have to Britain posted a record inflation numbers and Bloomberg's UN post joins us live from London with the latest You and good morning Good morning Karen and John plenty of red on traders Bloomberg screens today Every major European stock market lower this morning with the FTSE down 2.1% Germany's Dax off 2% This as investors start to worry that high inflation will cut into corporate earnings all 20 industry groups lower on the Europe stock 600 with personal care and financial services among the worst performing sectors The sexiest hundred currently down 2% live in London I'm you in parts been with debris You and thanks Stocks in Asia also fell overnight and Bloomberg's Juliet Sally joins us with the latest from Singapore Julie good morning Good morning Karen and John the MSCI Asia Pacific index halted a four day rally posting its biggest one day decline in today since early March Tencent shares plunged in Hong Kong dragging down the hang seng tech index after it posted its slowest revenue growth in the first quarter since its 2004 listing Chinese shares also came under pressure on the mainland after Stan chart cut their 2022 GDP forecast to 4.1% from 5% but Ozzy bonds in the local currency rallied after Australia's unemployment level plunge to a near 50 year low in April delivering a potential boon to prime minister Scott Morrison's government as it enters the final days of campaigning for Saturday's election In Singapore Juliet sali Bloomberg daybreak All right Juliet thank you Turning to the fed now is looking more and more likely the fed will follow through on Jay Powell's recent hawkish comments to address inflation Philadelphia fed president Patrick harker plans on a series of rate hikes at a measured pace Going forward if there are no significant changes in the data in the coming weeks I expect two additional 50 basis point rate of hikes in June of July And Philadelphia fed president Patrick harker made the comments at a virtual event hosted by the mid sized bank coalition of America He anticipates the economy and whether a measured methodical tightening of monetary policy And JPMorgan warning of declining growth The Economist of the bank lowering their outlook about half a percent for the second half of this year They now forecast growth of 2.4% The bank site is falling stock prices higher mortgage rates at a stronger dollar has reasons for the revision Well John it's been over a year since Melvin capital management suffered severe losses in the name stock frenzy and now gay plugins firm is calling it quits and Bloomberg should need a young is here live with more Good morning Renee Good morning Karen Gay plotkin is shutting down his $7.8 billion hedge fund Melvin capital management was the most prominent victim of the meme stock frenzy of January 2021 losing billions The fund posted a 55% loss that month alone And since then plotkin's been trying to claw his way back with funding from some of Wall Street's biggest players Now although the fund showed some promise last year a plan to reimpose fees frustrated backers and failed Now Melvin capital's outlining plans to eliminate fees and return investor cash Live in New York I'm ranita young Bloomberg daybreak All right Bruni thanks turning to the nation's capital now The White House remains laser focused on easing the baby formula shortage It's taking new measures in tandem with Congress to address the crisis Bloomberg's Amy Morris has the latest from our 99 one newsroom in Washington President Biden invoked emergency powers under the defense production act to try to boost production of baby formula while ordering the use of government planes for imports called operation fly formula Best to be able to speed up the import of infant formula and start getting more.
Bloomberg Radio New York
"morrison government" Discussed on Bloomberg Radio New York
"App and at Bloomberg quick tape This is a Bloomberg business flash We'll get trading underway at the top of the hour in the Australian equity market futures now for the ASX 200 mildly positive I'm going to call it a tenth of 1% Stateside markets generally reacted to the notion or I should say they retreated from the idea of an imminent deescalation in the war in Ukraine We had a recovery in the price of crude oil after a two day slide WTI jumping about 3.4% here in New York Right now we're trading one O 7 38 in the electronic session Weekly data from the energy information agency indicating that crude storage fell by a larger than expected 3.4 million barrels So with that recovery in the oil price energy shares the best performing group within the S&P but there was a great deal of weakness among consumer discretionary and information tech and as a result we had the S&P dropping about 6 tenths of 1% NASDAQ comp today weaker by 1.2% the Dow was down about two tenths of 1% Over in the treasury market the entire yield curve moved lower after that brief inversion that we had yesterday we talked about the segment that two to ten year segment that briefly inverted a lot of conversation about how to read that inversion today We'll talk more about that as we continue here on the program Also I want to point out that many of the U.S. rare earth metal miners rally That was after a report on President Biden possibly invoking the defense production act as a way of encouraging domestic production of minerals used for those EV batteries As we get set for trading in Asia consider the fact that confidence among South Korean manufacturers dropped for the month of April reading now of 85 that's down from 93 in the month of March and we're going to be looking critically at the PMI data for China later on this program Some dollar weakness and a much stronger yen here at one 21 90 that's weighing on futures for the nikkei Chicago contract implying a move of 200 points to the downside when Tokyo comes online in about an hour and 11 minutes from now More on markets in 15 minutes Let's get caught up on global news headlines Denise Pellegrini is in the Bloomberg newsroom Denise Hey there Doug thank you Well a new U.S. intelligence assessment shows that Russian president Vladimir Putin is being misinformed by his top advisers and that he doesn't trust them Some Russian troops meantime relocating in Ukraine about 20% of the forces near kivar heading out according to Pentagon spokesperson John Kirby well where are they heading some of them He says they're going north toward Belarus Desperation being reported in Shanghai among those with chronic medical conditions lockdowns are making getting regular medical care virtually impossible there and local infections of COVID jumped 30% in the past 24 hour period President Biden asking Congress to allocate more funding immediately or else supplies he warns treatments tests and vaccines for COVID could run out in a matter of months And an investigation is underway after Apple and Facebook's parent meta apparently gave customer data to hackers sources say who were pretending to be law enforcement officials and sources tell us the hackers made emergency requests for the data so they bypass the required search warrants and subpoenas customer addresses IP addresses phone numbers all among the things that were inadvertently shared Global news 24 hours a day on Erdoğan Bloomberg quicktake powered by more than 2700 journalists and analysts in more than a 120 countries In the news among these Pellegrini this is Bloomberg prime Then these thank you Welcome now to the daybreak Asia media and tea leaves review From the Financial Times and other papers but I'm using the FT version China has reaffirmed its partnership with Russia and said it wants to push bilateral relations to a higher level Interesting the timing Wang Yi China's foreign minister told Sergey Lavrov is Russian counterpart that the two sides will to develop ties is even firmer than before Our confidence he says even stronger And says Moscow faced international sanctions and widespread criticism over the war in Ukraine And by the way we told you a few moments ago that Lavrov will be heading to India later today and India is another key partner of Russia that has refused to criticize the attack on Ukraine From the South China morning post the U.S. is said to be eyeing a chip alliance with Japan South Korea and Taiwan to squeeze China The proposal was rejected by soul over fears that Beijing would retaliate against Samsung and SK Hynix Those two have already invested billions of dollars in China's chip fabs Since the outbreak of the pandemic Washington has been looking for ways to reduce its supply chain reliance on China And finally from the ABC in Australia the Australian government will announce that a new port will be built in Darwin after the current facilities were leased to a Chinese company It's unclear whether the new port would be solely for industrial use or if it would be a facility that would be able to accommodate visiting naval ships from the U.S. and the UK It's understood that the announcement will be made in the coming weeks by prime minister Scott Morrison's government during the Australian election campaign That is a look at the media Rashad over to you Thanks very much indeed Brian let's get to our next guest we're joining that by Michael Casper Michael is a strategist at Bloomberg intelligence getting his up to speed with some of the top news on the market So thanks for joining us Michael You are suggesting at the moment that the S&P 500 may have made its bottom in the current route Brian was saying earlier that when we see a U curve inversion that's only good signal for stocks It gives a sense of where you're coming from Yeah so the S&P 500 hit a depth cross which is a technical measure for weakness in the S&P 500 Where the 200 day moving average drops below the shorter term moving average And typically when that happens stocks tend to bottom pretty close to that And actually over the last 8 instances where that happened the S&P 500 was up 6 of those times On yield curve inversion also the last 30 times the two tens yield curve has inverted Stocks have been 21 of those 30 times down obviously the other 9 times So not necessarily something to worry about It definitely could signal a recession in 12 to 15 months but in general stocks are up over that period It's a little confusing because we worry about a recession as something that often follows an inversion of the yield curve And then we also hear that normally during a recession stocks can fall 30 to 40% pretty easily so it's tough to make sense of it But I guess because there's a gap between the two right I mean sometimes it's 12 to 18 months after yield curve inversion that you get a recession And if the recession is shallow it doesn't last too long isn't that deep then you can sort of make out well Perhaps you can flesh that out a little bit more for us than you already did Yeah so you're exactly right 12 to 18 months out from two stems and version has predicted recession about 70% of the time With a few false positives thrown in there like the LTCM crisis back in 1998 In fact the fed actually uses the ten year minus three month curve to assess recession risk which is quite strong right now hovering around a 180 basis.
Hack
"morrison government" Discussed on Hack
"That twenty five mike cannon brookes on came to get your thoughts on other. I guess billionaires. Ob companies in australia. And what they're doing in this sphere because we know that rich people getting rich and they carbon footprint easing racing as well. How do you feel about how ol- those are the big. I guess businesses and those wealthy people in australia are doing when it comes to climate change. Look i'm hopeful. We can set a little bit of an example to a lot of a lot more that they could do. Look there are a lot of people doing some very good things and a bunch of people doing some very bad things and We need more in the format campaign. Lessen the letter campus we go forward. It'd be awesome. If a lot of those people shamelessly stall copied any in and my pledge by you know a billion and a half dollars twenty thirty some of these people are obviously worried about losing money. Right they like. We don't want to eradicate fossil fuels and those kinds of industries because they simply making money off it and that's what they worried about. What do you say to those people. In terms of those economic concerns that they have which obviously tying them. And i guess taking us backwards in terms of dealing with carbon emissions economic issues and not irrelevant. They have to be thought through. I think any business that is primarily making money off. Selling fossil fuels has a one to two decade risk profile. That's increasingly high. And that's that's not just made us not wishful thinking. That's what their insurance bills are going up. They financing costs are going up the risk behind those investments and they'll luckily return. The next couple of decades is not very good. Hopefully they'll take the money out of that. Put it into something that does have a good return which is probably going to be greener and moose strife with look. You brought up politicians. What do you think about the morrison government. And i guess these never ending debate over net zero by twenty fifty. We're not even at twenty thirty. Which is you know where a lot of other countries will be when glasgow begins in waco sawyer. How do you feel about the march. Government's approach here at the moment. Look those multiple sort themselves out on. Look it's pretty simple. Netzer about twenty fifty is issue. It's a total rid. hearing just ignored. We are going to have as australia. A net zero goal by twenty fifty within the next three or five years. It's what we need to spend. Time focusing on his rising ambition on twenty thirty. We have very very poor targets in australia. We need to raise our ambitions or what we are going to do for our economy by twenty thirty. Shouldn't call them up. It's but i can look. They'll figure all that out. I just a bit frustrated. Tom and edgy this twice it on that discussion rather than the what do we need to do what we need to focus on the next eight years. That makes huge amount of difference. We can't focus on the twenty twenty eight year shoe at this point. All right mike brooks really appreciate your time. Thank you thanks for having me hack on triple j mike cannon. Brookes as one of australia's richest paypal he's one of the founders of software company atlassian. Lots of interesting tax ryan has said. He's he's on and dr countries as serious question. How much money would you need to offset the money from lobby groups influencing the government which actually leads pretty perfectly into our next topic tack masking you to return to the question mr k. Whether your happy triple. So there's a bena push to investigate federal pay christian puerta after he got a donation from anonymous donors to pay for his legal bills. The money was for a case when he was suing the abc fidel automation. Because of a story on a cabinet minister accused of an alleged ripe in the eighties. He came forward and said he was the person at the center of those allegations. He strongly denied them but the government has blocked investigation into crucial porta. And where that anonymous money came from. Shalala madore is he to explain how these old panned out in last week in order to break down this complicated af situation. I'm going to compare it to being at school. You've got the speaker of the house of representatives. He or she is kind of like the school principal right now. It's a guy called turney smith and even he's a liberal. He's not afraid of blasting the prime minister asking you to return to the question. Happy to do that. Mr sprig care whether you're happy to return to the quiz then you've got the privileges committee. Think of them as the whole monitors of the school their job is to cape fellow students in check and make sure they aren't breaking the rules opinion cy to the country now the odds have division record ring. The bells for four minutes before something goes to the privileges committee has to first gory through the speaker. That's how of integrity should be dealt with and that's wash. This house is now being asked again yesterday. After question time. Labor said former attorney general christian porter should be referred to the committee for accepting cash from anonymous donors through a blind trust to help pay for defamation case against the labor's tiny burke said the committee should look into whether mr porterbrook donation disclosure rules which require certain info to be made public on this thing called the register of interests because christian. Puerto doesn't actually know who the money came from and says their choice to donate. Donate anonymously should be respected. The whole reason. It's there is so the public know. If a member of parliament gets money the public have wrought to know where that money has come from. Speak attorney smith said. Yeah that looks like there's a case for this to be debated by those hall monitors. He stressed that doesn't mean that may support a. Did anything wrong just that this cost to investigate an opinion by the speaker that i promise facie case has been made off does not imply a conclusion that a breach of privilege will contained has occurred. Usually that would be the end of it. It would go to the privileges committee and they'd suss out if there was any wrongdoing. But he's with things get spicy. The coalition made up of the liberals in the nationals who are in government at the moment. Use the numbers to block the move meaning. Mr porter would not be referred to the committee instead. Prime minister scott morrison said. The privileges committee should look at the issue of anonymous and crowd. Funded donations more broadly. There are many other members of parliament. Fading this situation about how they found legal costs to to to proceed defamation actions and we've got to get the rules clear it's fair to say labor was pissed. We had the government voting yesterday against inquiry at mr morrison's instructions into who gave mr porter an anonymous donation. Huddling a million dollars. Hack on triple j olive madore text me. Oh thoughts too much money involved in politics over three nine seven five seven triple five. So comedian christian van buren his. He used to be one of the bondi hipsters and he's just released a doco cold big deal. It's about money in politics christian. Thanks for coming on the show. Now are you. thanks for having me say. Let's get this strike. You are one of the bundy hipsters. How did you get involved in doing a political documentary about quite a intense subject again. are just been kind of watching the side applying the united states through my phone and scrawling watching i guess. Trust falling off the edge of a cliff over there Between people and their leadership and politicians and it had occurred to me that i had no idea what the situation is like. You know running back yard So just wanted to team up with some clever people. One of whom was craig kozel from the And on life and part the planet. I who directed the documentary and we just went on a journey to try.
Coming Home
"morrison government" Discussed on Coming Home
"Also glimpsed visions of housing possibility places like Vienna, where over two thirds of the population live in social housing. But Australia has an equality problem. There's the ever widening gap between rich and poor. We're according to a 2020 report by the university of New South Wales, the average wealth of the richest 20% of Australians is more than 90 times the average wealth of the poorest 20% of Australians. Of course, this general figure conceals the gendered nature of this gap. It's beyond the scope of this podcast to post solutions for gender violence and coercive control. Women and men's inequality is complex and wide reaching in its impact. But a significant part of the solution is clear and simple, although not necessarily easy. Value financially, the contributions women make, including raising children and ensure women's economic autonomy. And provide everyone with safe affordable and accessible housing, particularly people raising children. The benefits of equality for individuals and society as a whole are clear. According to professor Danny doelling from Oxford University and the author of the equality effect greater economic equality makes us all less stupid, more tolerant, less fearful and more satisfied with life. And at the same time the benefits and savings of safe and secure housing are well established. His doctor Reynolds. The researchers incontrovertible about the fact that if you spend money on supporting people to have a safe secure home, you save so much money in emergency visits. You save so much money in the justice system because people who are homeless are more likely to be victims or perpetrators primed. You say so much money in lost productivity because women who are escaping domestic violence on missing work. You increase productivity because, you know, kids aren't stressed and they can actually learn at school and they can actually graduate from year 12. There is so much research that has a direct linkage between moving from homelessness or severe housing and security into secure housing. And that benefit accrues to the government because they're spending less money on all these other health and justice in well-being service systems. And also to the individual because suddenly they can live a dignified and secure life and from that point they can find a job. They can get health treatments in all of those things. We talk about community cohesion and how we think this is a benefit. And this is of value to everyone. But you can't have a cohesive community where people are constantly worried they're going to be evicted or constantly cycling through homes because they can't afford to live in them anymore. And I mean, we talk about it even at the level of key work is. You know, it's a benefit to the community when the person who cleans your buildings or makes your coffees or looks after your children who cares for your elderly mother can live in that community and when housing becomes so unavoidable that those people can't live anywhere nearby. Everyone suffers. So yeah, absolutely. We can talk about the cost of social housing, but the benefits are huge. We accept deep in our Australian culture that healthcare is a right, a social good paid for by taxes. That education is a right. Indeed, we make it compulsory for all children aged 5 to 16 to go to school, and we pay for it. We pay for police and prisons, age care and mental health, drug and alcohol treatment. We aim to provide a financial safety net through social security albeit now below the poverty line and not enough for both food and housing. Even our roads are not user pays. But housing, in Australia, is treated as a commodity. You have to earn the right to get and not a social good and a fundamental human right. Abraham Maslow is an American psychologist famous for creating Maslow's hierarchy of needs. A theory of psychological health based on fulfilling a priority of human needs. The bottom rung of Maslow's hierarchy are the most essential, our physiological needs, and they include air, water, food, sleep, clothing, and you guessed it, shelter. Maslow considered these physiological needs, the most important, as all the other needs become secondary until these ones are met. So if we don't provide housing, but cater to needs higher up Maslow's hierarchy. We're treating the symptoms but not the cause. We're building society on a foundation of sand. It's like taking pain relief for glass in your foot without removing the glass. The pain isn't ever going to get better. There's a huge added cost to our world class health system to support people whose health issues are caused exacerbated or unable to be tended to because they're homeless. It's counterproductive to try to educate children when they're couch surfing, sleeping in a car or living in a rooming house with their single mom. It's absurd to bemoan the terrible costs of family violence and wring our hands that something must be done. When we don't provide safe affordable and accessible housing, and our criminal justice system is bloated, costly and overburdened with people who commit crimes because their poor addicted or have mental health issues often exacerbated or caused by homelessness. And then they can't get bail because they have no fixed address. Housing as a primary need is just as relevant for a nation or state or community as it is for an individual. Instead of housing as a right, we, the collective way of Australia, one of the wealthiest countries in the world. Have turned housing into a commodity that we speculate on to make a profit. It's overwhelmingly where we as a people seek a return on investment. We're over one in 5 Australians are more than 2 million people own an investment property, which pushes prices up and locks new buyers out of the housing market. And despite climate change, Australia regularly tops the list of the country building the biggest houses in the world. And this speculative investment in property is facilitated. Indeed, encouraged by government policies like capital gains tax and negative gearing. The runaway housing train has bolted in Australia, taking nearly all of us along for the ride in some capacity. And many commentators say not only are we obsessed, but they're collectively investing in housing is not a good use of money. And economists would say to you that our obsession with investing in housing is a really unproductive use of funds, because we're putting our money into housing instead of small businesses, a large businesses or shares or other productive things that are creating stuff. And I would probably agree with that. So how can we become a country where homelessness is a thing of history? Where our wealth is a nation is shared more equally and the basic human need for a home is provided like we provide health and education. And where we invest our money in more productive creative and inventive ideas, not an empty bubble of inflated prices. The first and biggest step always is having the intention. The commitment. The political will to solve the crisis. This continues to be lacking in Australia. When the liberal government took office in 2013, it abolished the office of minister for housing. The last liberal coalition housing minister was the minister for housing and construction nearly 40 years ago in 1982. So this wasn't surprising. In May 2019, the Morrison government did establish a minister for housing in response to the housing crisis. But it's not as if the Australian Labor Party offers much more. Here's doctor sharam speaking in August 2021. Two weeks ago the federal ALP ditched all the policies that had around housing in order to make themselves a small target. It's the tax breaks. But politicians get their will from the community. So what can we as citizens do to push for change in Australia? Here's a list of possible ideas for action, which you can also find with the show notes for this episode. Talk about the housing crisis with friends and family and begin to develop and spread awareness. Stay informed and share posts and articles on social media. Make a donation to Juno so they can continue the amazing work they do with women and advocating for systems change. Join campaigns like everybody's home and be ready to offer support when they ask. Volunteer, go to volunteer or you or Google, volunteer housing. Right to your local member council or political party and let them know you want them to act. Fund affordable housing. And finally, stand for parliament. All change begins with ideas. The academics we've heard from throughout this podcast, doctors Sharon and Reynolds have studied and thought about a housing system a lot. And they have many ideas. He is just a couple of them. So what do you do? If you want to be in a political system, which says housing is a human right, everyone should have a house. Well, in Australia, we would have to undergo a major renovation of policy in order to achieve that. We've had 30 years with me. I liberalism where governments don't want to spend the public housing systems of a very run down. They cannibalizing my systems in order to maintain some of the housing. The own expansion is in the community housing sector, and that's really quite slow. So we would need to get a national housing policy. We don't have one. Lots of countries have national household policies. We don't have one of those. My dream would be a much larger social housing sector in Australia. And that by virtue of existing would do a mile of good for rental rights for people who are on low incomes. I asked doctor raynor how she thought that could happen. Billions of dollars into our social housing system every year for the next 15 years, please. 20.
Hack
"morrison government" Discussed on Hack
"Don't say that has got worse than as government. Someone has texted as well. The pam's performance cari cooking is as fake as the rest of his social media. Professional photo shoots krishna often. When we talk about multiculturalism younis-style stralia. It's always put out there as sort of like a a thing. We should celebrate but for people who don't get it. Why is it tokenistic when it is just on the food level and not anything further than that because three days just one aspect of how we engage with each other as a society and as you mentioned. I'm a representative full. One of the most multicultural areas in in south west sydney and my community has suffered greatly over the last four months because of some of the really harsh restrictions and the look down associated with the with the with the pandemic and part of that has to do with Stereotyping has to do with Perceptions of what our community is like and You know every everything from what family situation is like to howie. How support networks work through to who is Who can access government assistance. And the part of the reason why i community suffered so much was because Governments didn't actually take the time to to listen to engage appropriately to then feed that information back into effective and constructive policy. And that's the and that's the reality of the situation because i'm food is pretty is one elemental it but at the end of the day what actually met is how governments affect people's daily lives and The the scott morrison government has has shown that they really don't take people from multicultural communities very seriously on that front and a lot of people texting. Who says that. He's he's making the car is that that's a valid point. But obviously he's posting about them. He's not just making. The car is behind the scenes posting the money. Social media pages. They're getting huge traction. And he's getting a lot of kudos for that but kershaw and just quickly before we go. You know a lot of politicians prime minister's try to to put on this sort of normal guy image right tony. Abbott had the budgie smugglers which was actually a bit. we'd kevin. Rod had the hand at schools for some reason which was also kind of strange scott. Morrison got the karis. Why is it. Do you feel that politicians need to put on that kind of soda. You're an incoming politician. What's your thing. I the lights abilities kind of Something that's worth it's waving old when it comes to how you connect with your community right and you know if you can even on social media show that you are a normal person that you're not just some sort of You know alien in lizard. Search that you actually have the same Cut of carbs dreams aspirations as you neighbor or the press and down the street or whatever it builds a sense of respect and trust and that's what most politicians immersed public representatives are trying to do. They're trying to build trust. They're trying to build a sense of connection But it has to be backed by authenticity. And that's a really important thing if it's not backed by authenticity as one of your obviousness said it's fake and it's not effective charisma kalianda who is a councillor ian liverpool in south west sydney. Thanks so much for coming on the show. Josh and fitzroy's text. I'm no fan of scott morrison and won't be voting for him but he's making an effort. We should support any efforts. Even if we're wary and someone else owl's gotti kes- about his marketing. It's a visual thing especially with an election coming. Pack one small step in announcing these spot a giant leap for australia heading to the moon for the first time in history on triple j. Uc's hack my name's avenue bias. And could you leave inspects. Australia is about to launch a first mission to the moon. The national space agencies is going to send a roy for there which will ultimately help find out if humans can leave in space. It's being promoted as a way for australia to enter the world space missions and the government says it's about creating jobs in this sector it will cost fifty million dollars. Anthony moffat is from these trillion space agency. Thanks for coming on the show. So tell us about this. Roy vote which will be sent from australia to the moon. That's being developed in australia. Great to be here this afternoon to talk to you all and it is an exciting day today. The prime minister and the minister. Science and technology announced that The australian spice agency saw in agreement with nasa to a small arriva about twenty twenty kilos in size to the surface of the moon. And this is really really exciting Because it's leveraging some of the great capabilities. We have he in stryer in automation and broke botox areas in the resources sector. So people see those big yellow trucks. What we're doing is taking the technology that might they meant allows them to drive by themselves and put them into a little river and work with nassar and put it on the surface of the moon. And what's also exciting when it's on the surface of the main actually note about roy. It's going to be the it's to pick up the lunar soil all the books and it's going to pass it over to a project run by nasa that will try and extract a form of oxygen. Which is really important of course one so that we can breathe when we're on the surface of the main but it's also a potential source of fuel. Yeah and one part of that is obviously the ability to potentially send humans and have sustainable life up in space. Can you explain how that could work going. Fluid if you do discover through the rover that That sort of form of oxygen is around it. So one of the reasons that there's a big focus on looking activities on the moon is around a three day trip and that means that we can sort of undertake these type of experiment to identify. Their oxygen is the for example. The soil of the regular one thing you can also do is use the material to three d print infrastructure even replacement wheels so it actually creates A range of experiments attest that sustainability. Because when you on the surface of the moon you wanna be shipping things for all us all the time because it's really expensive to get into get into all that and then onto onto the marine surveying out of look what we can use in ciccio on the surface and then becomes really really important and these taught emissions of the first stepping stein there. And what's exciting about this as well. Is that means that australia has the capabilities and the audience. We're talking to you today. Can now when they going school at university or thinking about what they wanna do in korea. We can do spice and we can do it here in australia. Yeah that's obviously a big element of these people. it's a classic thing dreaming of going to space when you're a little kid but ultimately in australia it would probably main having to move overseas but this would mean more jobs potentially what could it mean in terms of possibilities for young people in working in the space industry and this is this is what's really exciting about these. Firstly where side by side with nasa. But al vision he at the australian space agency is to create another twenty thousand jobs by twenty thirty and triple the strikes by sector from three four billion to twelve billion by twenty thirty and these talk emissions become really important one they inspire. We want kids. We want the The younger generation to the sky and neither destroy has technology up there so it made it engineers data scientists 'cause not only talking about word buddy. These other missions such as federal. Let's take images of the to help file so it means that we want datta scientists but we also won't communicators and excitingly Spice liz As we think about people undertaking more activities in spice. It's actually being a very big economy me and it's full custody. One trillion bought twenty four year round the gore. Australia's now has a seat at the table and providing opportunities.
Hack
"morrison government" Discussed on Hack
"It. Because i want to help other people installed to jump in to support I guess one religious faith Over another through government funding on issue is. There is it you. You don't understand the role chaplains right because they're there to preach their religious faith chaplain fair. There are there to help. Listen to support to be there available to chat to people. they're all. It's almost like a posture care. Religious concept wrought a lotta the chaplaincy services come from christians and the issue is if you want to go down that right. I mean without the christian church without people at the salvation army catholic church like sell so Same thing from the pool. The reality is is. We'd have way more homeless. We'd a lot more socially she's That currently being addressed by people of faith anyone disputes. How important those services. But i think the that we're saying on the text line is should. The australian government be funding. More chaplains to get into australia. Schools these texts. I'm a clinical psychologist address issues. He mentioned that chaplains. Do don't have a premeditated agenda to push religious views. What do you think. well. I think That chaplains play a different service. We can do by say you clinical psychologists its texture. Yes we want what you said it's But we can also have a place for chaplains which we currently do. The chaplaincy program came in about twenty years ago. But it existed well before that particularly in queens and it was Run by volunteers and donations. Before there was federal funding so it came out of the howard government then which continued under the rudd gillard rudd governments and then excavating continued out of the coalition government extra funding and you cooling extra chaplains. Well it's look. I haven't done the cost. You know not But it wouldn't be looking. I mean how many extra chaplains i know in iron electric right now that this earth is at least two schools that have chaplains get no funding all sides. It costs about forty five thousand dollars a year employees chaplain. They're not getting any of the twenty thousand dollars that is currently offered under the australian government program if rising the lot of it and so i'd like those two schools in my own electric funded as well as the other one hundred fifty one schools throughout the area too but look all be as assistant minister for youth arm really came to hear from the oldest and i we actually. The morrison government release the youth policy framework recently and we're working closely with youth organizations around the country including the australian youth affairs coalition. So that people can come my office and be involved in that vise raymond or online at very very happy to do so. I can tell you now Assistant minister that there are a lot of people texting who are concerned about the religious element of the chaplains in. We'll counselors but what side of aim is that they misinform. That's not what they do and on encouraging to go out and talk to a school chaplain about the work. They do because they're brilliant. They do great work for australian youth and would be poor as society without them thoughts on climate change policy. Because that's a little come from and obviously you agree. That mental health issues being sparked by a lot of climate anxiety. Young people health experts actually say that That can be fixed by governments doing more and a lot of people who've been pushing your government to push the net zero. Is that something that you support in. You'll potty yeah. Look i think we definitely should continue to do more but the i think we've done up fairly pool job really and talking about what. The australian government is currently done. So yes i mean on on on a supporter of doing more and the prime minister is being on the front foot wanting to cost that out so we can make sure that we can achieve the targets. But you know what a lot of people don't know. Is that the australian government in the last fifteen years has reduced emissions by twenty point eight percent yet other countries in the world like the us. I kinda new zealand have all been. Well shorted that. Musk twenty point five percent enough though you know. Scientists saying net zero. That's what we need to get to. What is the hold up government in committing to that when you know mental health environment. I it's an issue. That's big one young people in your portfolio. Well i think we just wanna make sure. It's properly custody because in zeros you speak about. He's twenty nine years away in twenty fifty. That's what they're calling fool. We have a twenty thirty target. Unlock the labor party and we are actually doing quite a lot of practical action on the ground to Around micro grids and batteries with respect to get that clustering together Not not for the twenty fifty target. Because when we signed up to the paris agreement we set targets for twenty thirty nine years for now we have a twenty six to twenty eight percents emission reduction target for that which i believe will mate so right now. We have a short ten target but the knicks news. The live of potty. Even have a target on these. What you'll governments doing potty but luke house before we let me just tell you what we are doing but we are actually investing in more electric vehicle charges. We are actually investing in micro grids as well full Solo run small mock records power charging emerald investing and hydrogen. But you should actually talk as well to and tyler is ministers in this area. We have so he's longer come on several times but every assists suggestion typically go very quickly look young cable. They reach out to us every day. They say they're freaking out about climate change. They're worried about having kids in the future because they worried about you'll government on potentially not doing enough and doing what scientists are telling us to do. What do you say to them as someone who says a lot about supporting those young people. Yeah vanni what. I'd cited and is that we live in a great country and there is hope for the future. I can assure you and your listeners at the australian government. he's acting on climate change. We will be doing more and strives future in. The world's future is brought on. I wanna pedal a mega a message of negativity luck. We often hear from some political parties. I think we have a future ahead. You will see us acting and for those young people getting involved reach out to me. They can they can email me onto him. That what we're doing. And and i'm happy to come on your show anytime halis assistant minister for you. Thanks so much for joining us on the sharp all right. Let's get an expert in associate. Professor furet charlson at the university of queensland has been researching climate mental health. And how we deal with it. Thanks for joining us andrea. Thank you for having pleasure to be. So i want to get your thoughts. On the government's idea to fund more chaplains in schools to help young people deal with anxiety and mental health issues around climate. Change is an expert in this field. What do you think of that idea. look i think providing support in schools is k. would be absolutely brilliant Whether it's a chaplaincy program. I mean i. It's not a whole lot of debate with that. Some the best way to provide support. I think die having someone a In a Possible role or supportive role counseling role in in school. Who can effectively address earnings saudi around climate change. is a brilliant idea. I also i think thaw the building. I think there's going to be an education component with caves Which is not being developed into goat into the curriculum yet. And what else do you think. Governments can be doing to support us Through of climate anxiety and mental health. Obviously the chaplains as you say is you know. It's a separate debate together. But what else can the government be doing.
Hack
"morrison government" Discussed on Hack
"This is an abc podcast. Do you need mental health support to deal with. Climate anxiety caused by activists some government. Mp's hello avenue is he. We're going to talk to one of them in a second on this episode of hack and video antique talk went viral these year which exposed to random goals fa- leaving at one of their friends and not inviting her to their party. It's led to millions of people racing out to the woman who wasn't invited her. Name's marissa we're going to talk to her later on this podcast and find out how she turned. These mortifying situation into a really wholesome event have had panic attacks climbing trauma on triple j. Are you feeling stressed. All worried about climate change the massive ipcc report that came out a few weeks ago. It was the biggest report into these problem ever found unless governments take urgent action. They will be more extreme weather in australia. And around the world like fis floods and say level rises solve some government as of now. Come up with a plan. They say to support you throughout that to invest in more school chaplains. They've said the chaplains could help deal with mental health problems caused by climate activism which they say has been alarmist. Love to know your thoughts on this plan would chaplains at schools. Help you cope with this over three nine seven. Five seven triple five. One of the members of the government pushing for this is assistant. Youth minister luke halif. Thanks for coming on. Heck yes thanks. A lot have any. It's great to be with you and your listeners. So what do you think is causing. More mental distress young people climate change or climate activism I'd say that climate change is definitely causing some mental health. Full youth as you. System minister for youth listened to a lot of young people. The usage group is fifteen to twenty five and it makes up about fifteen percent of the australian population. And the uc's that are important to you. That are being fed back to me. He's obviously around the environment In climate change mental health and then jobs and secure of work then the miami. She's for youth hearing as well. So what are your concerns about climate activism in we'll climate act the the article that was quoted. I'm assuming that you saw in the guardian. He's one hundred percent correct. What i was saying about Climate activism is always putting it squarely at the fate of the australian greens and some independence. We continually tool down the good work. The australian government is doing to address climate change. They never having anything positive to say. And the concern that i have vanni. Is that the strain youth and not hearing the messages about what the government is doing because it's taking climate change very seriously and they are actually doing a lot to help reduce. It came to get to the government's plan in a second. But i can you explain what you're hoping will happen with chaplains in schools. Wise that this method to help young people through this as i said that the article was a little bit out of context because i was speaking about climate change and and Perhaps some political parties talking about chaplaincy with a separate issue but in queensland we're on by chaplains play a very important role throughout a lot of state schools in in queens and enteritis drier in primary schools and high schools. And i play very important roles separate to say what a psychologist would or i A psychiatrist would say. I mean how i school chaplains here. They help children and youth you with a whole range of issues that could be for example. The loss of a loved one the loss of a mother or a father. They help them deal with grief. I it could be around the mental health of lockdowns from nineteen and how that is affecting them as well or it could be just with families losing work. They're able to help them out with food hampers or petrol money so they address a whole range of issues. Psychologists dying day could be addressing climate change anxiety or concerns around this major issue young table. Well i think certainly they could. They could talk to that. Usa does all aspects that concern them. That's the thing about chaplain there on the ground. They have a presence every day. They provide a saif place in a non-judgmental wife said they'd just ready to talk to us about all sorts of issues okay. Can you clarify exactly what the plan is so do you. Do you support more chaplains in australian schools. Then that -solutely. I'm chaplains do a wonderful job. We had them in about three thousand one hundred School strata right. Lotta those schools are in queensland whip particularly. They've had a strong by see for a couple of decades. The issue is the federal funding. It's about sixty one point four million dollars a year. He's enough for the growth without straying. Population growing some schools. Don't get any funding little and i wanna chaplain. It's a voluntary program. It's not Full they don't have to have a chaplain. But there's a lot of schools crying out for chaplains. And i'd like to see a little bit more funding from the federal level to help address that everyone can that. Mental health is a major issue especially for young people not just with curve in nineteen climate. Change as you've mentioned but the texts on is going off. Luke how people saying what about qualified psychologists in school instead what qualified psychologist whack for forty five thousand a year. That's what i'd say vanni because what this does is it's about twenty thousand dollars per school. Twenty four thousand in regional areas and then then the chaplains rise the rest of that money through a local chaplaincy committee now in relation to psychologists and psychiatrists they plan essential role. And we want to see more of them that the reality is now with the record funding. The morrison government's putting in mental health. And you should talk to assistant minister david coleman about that there is so much going through head spice and everything else that would doing that. There's actually a shortage of psychologists is actually not enough around right now. But i'm gonna tell you one thing so obviously. There's a price issue there so why not you acknowledged. Mental health for young people is an issue. Why not invest that money in psychologist. We know that young people moving away from religion. We know that not. Everyone is of the christian faith. Wouldn't you want to be more inclusive in supporting young food through these mental. Vanni the the issue of chaplains. Whether that i play an important role in australian schools was lost twenty years ago because the young people that listen to your program particularly in queensland if you go into quainton but i'm sure newsouth wiles if i've had experience with school chaplains it's normally hundred percent. Positives chaplains are. They're not no religious capacity. Sure some of them. What have christian fight and have a faith in jesus and everything but at the end of the day.
WNYC 93.9 FM
"morrison government" Discussed on WNYC 93.9 FM
"Welcome back to news our time now for our regular look at climate change, and as it's Friday, we're talking to our sister program, the climate question and today presenter Graham Jackson. What's on the agenda this week. We're talking to a listener is what they have asked us. Why is Australia's so slack at addressing climate change? And why doesn't the rest of the world give us a kick up the bum? Is she right? I mean, is Australia slack of addressing climate change. Australia did set a climate target, the country said it would reduce its emissions by 26 to 28%. By the end of this decade using 2000 and five is a baseline. But quite a lot have been critical of this pledge, saying it's just not enough. One of those critics has been the UN secretary general snubbed them by telling them they couldn't come to a climate conference because their targets weren't ambitious enough. Though the prime minister Scott Morrison, rejects these claims, he says, Australia can always be relied upon to deliver. On climate action. As it stands, 70% of the country's electricity is generated through burning coal and asked me all no coal is the dirtiest of fossil fuels and in the government's covid recovery plans. They're investing in gas, not green energy. Like many other developed nations. Why is Australia apparently so addicted to fossil fuels? Then I think it's worth noting that Australia is really rich in fossil fuels, is the third biggest exporter in the world of fossil fuels. And as a result, lots of people are employed by the industry, too, And that means it has big voting and lobbying power. And this is particularly important in a place like Australia, where the election wins in Australia are so marginal. For example, in this last election, those swing seats were in coal mining areas. I want to deal with the second part of the question about the direction of the rest of the world. But just on this is there still much skepticism about climate change in Australia. Allegations that there is skepticism within Scott Morrison's government. There was a quite famous incident, a politician was on TV, and he denied that there were any links between the bushfire and climate change, which has obviously been disproven. That's that's not true and in previous governments as well. Politicians have said that climate change isn't human caused. It's not man made. And yet, as Jodi suggests, there are plenty of people who are worried about About it and think that other countries should, as she put it. Give Australia a kick up the bum. Are they doing that? And if not, why no, And that's largely because there aren't sanctions in the same way that there are for things like war crimes or human rights issues. Plus no one is really basing it on the climate front, either, so it's really difficult for countries to Point fingers. I mean, look at the U. S. Not that long ago, Donald Trump was reversing a lot of the environmental laws around climate change. That's now changed now that President Biden in the White House, but you can see how it's quite difficult for anyone nation to suddenly start pointing fingers. Really. If Australians like Jodi want change they need to do at the ballot box. I think that's the only way that we might see change for Australia. That was Greg Jackson, presenter of the climate question here on the BBC. You're listening to. These are live from the BBC in London. I'm James Menendez. We're going to return to our main story today now the withdrawal of the last American troops from Bagram airbase in Afghanistan for years, the center of U. S operations in the country against the Taliban as part of an agreement struck between the US and the Taliban under President Trump. Many Afghans are worried that little further embolden the militants have already been capturing more and more territory, among them. Mary Um Salama Hill, member of the Afghan Parliament, who represents the coach is a small, nomadic community. I've been talking to her on the line to Kabul, first of all her reaction to news of that withdrawal of international forces. As a woman as an Afghan. It's terrifying to hear that the world is abandoning Afghanistan once again, not just for Afghanistan, but for the entire world sake going back to a place where we don't know what women's rights are going to be. We don't know what minority rights are going to be. The 40 plus terrorist organizations in Pakistan will be able to breed as much terrorists them as they want on this land now. Why do you feel like you're being abandoned? Our airplanes are helicopters are Jets. Air support is what we need, But when we're going towards the negotiation, there is no talk about what women's rights are. What will happen in a deal with the Taliban? We have no idea what's going to happen in future for us just on the military question. What do you think that Afghan forces can Contain the Taliban, but they still need more help. Yes, I think that we're capable. Our army is very capable of handling the war with the Taliban. As long as we have air support and international support when it comes to building up our air force, and yet And yet the Taliban seemed to be taking more and more districts all the time. They're able to take over a district but they're not able to keep the district. I believe that right now. The goal of the Taliban is to take over a district caused destruction to infrastructure cause destruction People's lives. Just to cause terror, So that's our main focus on their main goal. Right now. Some people have suggested that the government in Kabul could fall within months that the Taliban could overrun. The capital. Do you believe that to be the case, or is that going too far? Do you think I think that's going too far. I do believe that our army and our government is standing strong against them. What we need right now is for peace. We need the government. We need the international community to stand next to one another and discuss the treaty on peace. What is going to happen after peace post piece What's going to happen with women's rights? Children's rights minority rights? What really needs to happen is international pressure has to happen on Pakistan, 40 other terrorist organizations freely roaming around in Pakistan. So once that is addressed, I really believe that peace can come in the region. Do you think it would have been better for us and other international troops to wait? To pull out until that political settlement had been completed. I definitely do. I have faith in peace. I have faith that we can come to an agreement. But if the international community and the U S state it would have been much stronger. And yet, and you are. I think a U. S citizen as well on you. So I so I guess you can see it from from both angles. Thousands of US troops that have died since 2000 and one and other international forces as well. There's been a huge cost in lives and money terms. Also, of course to too many Afghans. I mean, Americans couldn't stay forever, Could they? No, I don't think anyone wanted them to stay forever. But At the moment that they picked to leave right now, Um it's heartbreaking for the people who have lost their lives. The widows that are left now because those men, those brave men, they came here to fight against terrorism. And now that this pullout is happening, it's a win for the terrorists. So we will see long term repercussions because of this pull out, and that's what kills me. Because those men and women who lost their lives in the war against terrorism, it's almost in vain. Really? Really? I mean, that's the fear, isn't it that nothing has really changed. Is that true? Or has Afghanistan moved on in the 20 years that international forces have have been there have there been advances to civil society to women's rights to minority rights? During the Taliban regime. Women weren't allowed to go to school after the age of eight. This makes me emotional, the women who are educated and would work they were sent home. Now there's Tens of thousands of women who are working on a daily basis. We have ambassadors. We have ministers. We have deputy ministers. We have strong businesswoman..
EV News Daily - Electric Car Podcast
"morrison government" Discussed on EV News Daily - Electric Car Podcast
"To dealerships lee. I cars shipping out now confirmed two green cow reports. Many Delayed because of microchips and supply chain issues about a month earlier. Vote than gm had been suggesting. Those costs getting out to customers the first bowl ev deliveries being made the end of may now a bit earlier Both models bill in michigan represented a refresh for twenty twenty two model year the ball. Ev and the ball e you've Which is a slightly larger form factor. But not really actually very very similar calls the. Ev is a little longer than the ev but office more backseat space slightly and more cargo versatility but not necessarily more cargo room says green cow reports the bolt. Av has two hundred and fifty nine miles. Api range on the refresh and the e u v. Forty seven just down by a little bit coming up. We'll talk battery technology. In china and why subsidies main the fossil fuels are license to print money next. We'll talk about gemini and why every fifth com made in germany was now an av when i say ebay i mean vehicle. With the plug sake on geminis. The powerhouse of the european motor industry manufacturing every third car in the region twice the volume of the next biggest country. Which is spain. And the latest data from schmidt. Automotive research shows that one in five cows made in germany came with a plug socket on during march seventy four thousand of the three hundred seventy four thousand passenger cars made were exa vs so you can recharge them somehow with an external cable the first quarter combines one hundred seventy six thousand six hundred. That's down on the end of last year again. A seasonal effects the hangover of christmas and january shutdowns. If you like so. Let's battery technology in china. The monthly production of battery cells with the cobalt free chemistry. We talk about the l f p cells. I released is talking about them a lot. When tesla's not that using them for the styling range plus model in china although they've been around forever houston buses etc. Not new by any means but new to generally v weld because like the tessler effect basically monthly production of the cobalt free chemistry has now surpassed the somewhat say technically superior chemistry of nickel. Cobalt manganese big news. Because is now fifty. Two percent of old battery manufacturing in china it's market share will grow even more in the coming months in most electric cars the nc 'em chemistry which tesla us for their expensive and performance cars will be increasingly used on expensive trim levels cobalt free batteries increasingly the standard. If you like the battery cells says pedrosa push av. He's chinese automakers. Been extremely fast to adopt. Lfg batteries other words. Mike is following like tests. Vw ran all stating this new. Well this chemistry not necessarily near will become the standard allows them to make. Ev's on mass in terms of the cost battery pack level cell level but These a lot of companies now using cell to pack technology what tests we're going to try and move to. Byu doing that already. So with the cells about ninety hundred euros per kilowatt hour with a top of chemistry cold ellen mo which you'll hear about in the next few years about eight hundred euros per kilo hour and p seventy euros per kilowatt hour at pack level for celtic technology. it's the. It's the dirty secret of the car industry the car makers don't want the politicians to know that even making is getting cheaper and is a lot cheaper than the past few years because they wanna price them high keep subsidies in place not have too much pressure and be able to maintain those high price. Points the batteries the cells increasingly less of an issue in terms of the price. But you know couple of free batteries. The lfg chemistry seventy euros per kilowatt hour. For years we were talking about one hundred dollars being like the magical price point of price parity. So yeah the comic themselves. I want you to know that because they want to believe that making even as you still fantastically expensive for them and they want you to carry on buying combustion cars to get the most out of the end of those life cycles second meeting Scottish and southern electricity utility provider here in the uk. That'd been buying zoe but not the kind of one the i-drive with rear seats in no you can buy zoe with a risky. Stripped out an cage behind the two front seats for stopping things flying ford you on the back of the head zoey van and been buying those to help them move to a fully electric fleet that we're going to be using them. In scotland for the team leaders and supervisors to get to operational sites that scotland can be quite rural in places but iran. Is zoe found a two hundred miles of range. I'll make fifty two kilowatt hour battery. Pack and grail grow vehicles. If you haven't going to be holding long items like a work van that has some stuff in tools spares. We've found his perfect next. Let's go down to australia and in australia. Struggling the fuel refineries not very well. But that's okay because the australian government want to help them out. They're going to be propped up by the morrison government. A multibillion dollar handout. That will see australia. Hooked on petrol vehicles while the federal government continues to snub. Av according to the website that driven dot the morrison government is making two point three billion. Us sorry chelsea dollaes available in subsidies to oil refineries through something called the fuel security service payments honestly being in the fossil fuel industry is literally a licensed to print money next amazon and in the news with arabian made electric vans. After a short stint in los angeles ravines electric vans moved to san francisco in march the latest expansion to san francisco. This positive amazon reviews initial program to test electric vans. san francisco becomes. The second city does a testing site for the ravine made electric delivery. Van a love. This so good amazon vans all electric perfect. Nice clean air. An amazon plans to expand the program to fourteen other cities now to bring to a title of sixteen future car. Obviously san francisco numerous steep hills promising to be a tricky location for testing out. These ribian vans model x. Is next in the news from tesla deliveries. Keep getting moved back now the latest. I've heard from customers then now showing october those the model x. Plaid at the beginning of the year said mortal x. Will follow shortly after the s and the ass was going to be ready in just a few short weeks. model x. Is now being pushed back to at least october at the earliest as a tentative date as well and those the order now sunny won't get those until two thousand twenty two here in the uk models and model x. New orders say twenty twenty two. It's going to be a dry dry year for new tessler owners in the uk if you won't premium vehicle hindustan times. Tesla has hit a rough patch of the moment and tests has been going through a a good time. Ropel patch actually in terms of the share price. Love for the company love for their ceo. Just the last few weeks share price has come down year to date down twenty one percent over the last three months down. Thirty one percents in china the media which of course is a proxy for the states. Because they'll have to be checking in with the bosses to see what stories to run. The media have been Putting the boot in the tesla and they see my onslaught shaky ground..
Between The Lines
Reconstruction: Australia after COVID
"Australia's economic recovery in the wake of the pandemic. Well we all know. Australia has weathered the pandemic bit of the most nations. It's been five months since the last reported virus related death and several months since any serious community transmission. It's quite extraordinary. Isn't it in coming. Wakes the most vulnerable. Australians will have been vaccinated on april. Nineteen this news. This week there will be reopening of the trans tasman travel route although they remind risks and uncertainties it's fate aside that the pandemic is pretty much forced drawings. But what does all this main for the economy. John edwards is a senior fellow of the lowy institute and a former member of the board. His new book is called reconstruction australia covered. It's published by the low institute. Get i john. Welcome back to the shy unpleasant to be on for the past year. We've been told we face the most terrifying economic conditions for generations yet australia. You think about it. The unemployment rights less than six percent the stock market is within a few percent of its high level and according to the imf this week international monetary fund australia is poised to grow at its fastest pace in twenty two years. It's four point five percent this year. Indeed we are among the world's standout performance in the recovery from last year's covid recession john. What accounts for our economic resilience. Well first of all. I think we handle the health trip. Caught will lettuce. We responded promptly. We put in social distancing. We prepared our health system for a bigger emergency than one. We presumably and australians will comply with the health guam. So that's that's important that we we contained the pandemic tilting but on the economic side. I think we also risk owner will be response in monetary policy the reserve bank and a very big response from fiscal policy treasurer and the morrison government.
EV News Daily - Electric Car Podcast
"morrison government" Discussed on EV News Daily - Electric Car Podcast
"Thousand euros and so there is also a brawl in romania of ten thousand euros an bit. Actually some change you get some money by four hundred euros for trading and if you go up a qualifying diesel car so the final the you will pay for a brand new data spring with a reasonably sized battery almost thirty kilowatt hours a seven thousand seven hundred euros. That is the cheapest electric car in romania. And it's the cheapest electric car in all of europe. According to balkan green energy news website now interest amongst romanian buyers was so big that she received more than one thousand five hundred orders in the first four hours after announcing pricing on march twentieth local media reporting The the orders on how closed at least while they catch up a little bit for comparison. More people ordered the dacha spring at the amazing price in those four hours then was sold than all levi's were sold in all of one thousand nine hundred nine in that country. Wow it just goes to show get the pricing right. People will want vs that is of course stellar pricing helped by a government grant that is indeed bigger than the eventual purchase price of the car. Next we'll talk about the best way to incentivize. Ev around the world. So here we had five thousand pounds off then three and a half and then three and It's now two and a half thousand pounds off. The i'll pay the recommended retail price of a new ev. So they can't make not recommended retail price super-low and then optioning like a bigger battery or something to change the the powertrain of the car so the has to be in there. Office the options on the car. This painting things but you can't change the performance of the car to bring it under said it was also a fifty thousand pound threshold. They load it last week to thirty five thousand pounds which did catch with a few grand lots of family cars. There was outrage as well from people saying look no no tissue overnight and i needed that grant money to make the numbers add up so anything more than thirty five was instantly getting like a defective three grand rise. Well there's been some changes to prices in those cars that were just on the bubble kia is the next one today. The on something about it. And i think this is is mega. News actually kia has revealed that they have released a long range version of the narrow. The emai- ri- will narrow is it's code in some places. The big sixty four kilowatt hour battery with the price tag thirty four nine nine five fifty five quit under the threshold to get two and a half grand extra off. So it qualifies of that cash incentive according to ultra express the new to version of the narrow has the bigger battery. Pack has one hundred and fifty kilowatt motor the same as the high spec models of course because it gets the grounds then take another two and a half grind off you get the eight inch touchscreen you android auto apple carplay seventeen inch reversing camera. Parking census adaptive cruise and Kilos entry what else kia claims the to level two three and four the entry level to All the two long range they called it is capable of traveling two hundred and eighty two miles on a single charge. And that's you know. I've seen people get than three hundred miles out of that. That cone is a narrows that adds the niro to a list of 'cause like the situation a c. Four the vauxhall mauka the vivar van which only had slight price reductions just to bring onto that thirty five grand to get the extra two and a half grand off look. Is it carrot or stick. What do you think works. Best for incentives or do you believe in the free market just as in take away. Incentives away all around the world. See what happens. There's no ideal solution at any one of those mechanisms that they use vicious again just having the government. Give money off a car makes you think that actually in a covid year countries are in debts. Should we giving giving people free money to buy brand new cast. You need a brand new car at. It's balancing that with the environmental maids as well. But it certainly. I think had a more positive reaction than i was expecting. So i didn't think many those comic is like kia would change pricing. But what they have done very cleverly is so the the small badger thirty nine kilowatt hour battery of the was like on silent. Thirty to thirty two and a half. What they've done is put a car on sale just under thirty five and get two and a half grand off so ready for not much more money so you end up being about to maybe almost three grand out of pocket but as you were getting the thirty nine kilowatt hour battery you now get a sixty four hour battery flex say less than three thousand pounds more. that's a stellar deal for the consumer. And maybe that's actually a nice silver lining to this whole story okay. Let's get onto our headline story tonight. The audi q four the apron the production just nothing in germany big news. We like news like this because there's some some big days in the life of Even when cars announced that's always glitzy but then you have to wait a year or two or more There's when the cows arrive with customers. That i that's always cool. There's the reveal date you know. And and then there's the production date and the audi q four each on compact electric. Suv went into production. That i in germany and being made alongside its sister. Car the vw. I d four wise sits between three and a q. Five gets a sport version sometime next year and it's going to have specs similar to the four all wheel drive. Of course it's audi quattro it will have all wheel drive. Big battery eighty two kilowatt hours as also points out the q full goes on sale stateside at the end of the year and will be followed by the full spoiled back. Audi's baby evey will take on the likes of the exc- forty and the testimony of y but stay north of the price range of some of the other competitors like the nissan aria and the key eighty six after all there was a premium to pay four rings on the fronts of your car all wheel drive corporate power as well so it won't be a cheap easy about if you're a fan of outy We've seen the interior shots last week. I think it was before when we go sent. Those looks very conventional. This buttons shock horror Working alongside that colleagues and volkswagon one hundred audi employees have been preparing for the starts production From planning to technical development to quality assurance that tools are producing the body. Parts have been open made by audi own. Toolmaking shops says green cards. Congress speak-out is the plant making it. And the audi brand actually enjoy a bit of a long tradition Together audi car parts have been made since nineteen o nine them and volkswagen's plant has been converted to an electric plant. So that's where the id three gets made the it four the as of today and more coming soon of course the tron name has been exclusive until now and this is audi bringing the each on badge into a more mainstream by no means affordable. A won't be a cheap car but into a more mainstream segment and yes. I'm as i say that the e tron badge as it were has been on the a three plugging hybrid which is cheaper. Doesn't really count. We're talking all electric cars hair so It goes I unveiled festival april so the middle of april. I think they're gonna run violent. And we get a complete look at it and then this summer it arrives in european markets actually with customers now by twenty twenty-five audi plans to launch more than twenty fully electric models and. That's a great great thing. Must be tippety for your wednesday whenever you all whenever you're listening to this podcast a next. vw's boss. australia is embarrassed that rules stopping him. Importing cars cheap enough managing director volkswagen. Australia and michael barr says. He can't convince his german head office to supply ozzy's with the electric cars because of embarrassing local laws says the sydney morning herald as a results z's by models popular here in europe and north america as well the. Id three of the four. Which would be significantly cheaper than the tesla's on sale in australia right now. If they were available in australia they could cost between fifty and sixty thousand dollars. A spokesman for energy and emissions minister angus taylor. Vote defended the rules in australia. Saying the morrison government would not be lectured about vehicle emissions by manufacturer with a track record of deceiving motorists and violating cleaner laws and quote off houses steep. It's true i mean it's a bit of a two-footed tackle and then stone. He's walking away for off those but in twenty twenty vs made up. Just no point. Seven five percent of new car sales. Australia is up from north point. Six percent in two thousand nine hundred nineteen the australian lawmakers. Really don't care about many ozzy listeners. Deeply do cap about electric vehicles. And it's a costly thing to get into too if that's your values and you want to drive. It's is an expensive thing to down under. I wish we had more more positive news coming from those that make the rules. You can always vote with your votes as it were. If you don't agree next we'll talk about the ford escape plug in hybrid. They unveiled it at the new york. Auto show back in two thousand nine with the plug in hybrid variants coming last year but it never happened in august. Ford had to pause the cougar plugin hybrid and the european version. They escape plug in hybrid because of a battery issues as that's now will resolve by the way production for the. Us is now facing a small problem. And that's the semiconductor shortage affecting everyone when that sorted out most plug in hybrids bow finally get on the road but a good news tesla next in the news that i accepting bitcoin for that. 'cause they are the world's biggest ebay mak- and now you can buy one of that calls with a bitcoin payment according to elon. Musk he made the announcement of course on twitter saying quote tesla is using only internal and open source software and operates bit cone nodes bitcoin. Bitcoin nodes directly bitcoin. Pay tesla will be retained as bitcoin. Okay i won't pretend to understand the ins and outs of crypto and bitcoin and blockchain. I kind of to read stories and kinda of know what they're talking about. A tesla has indicated. It's not going to be using third party. Processing payment processes it's doing all directly and adding the crypto currency to their investment portfolio. Says the national news well in a traditional model customers transfer a digital asset from your wallet for your digital wallet to a party crypto currency payment processing then gets converted to bitcoin. And you know whether it's dull day rooms You can transfer the final amount to the beneficiary currently. At and t. microsoft bitcoin through third party. Tesla doing ole themselves and good luck if you have enough. Bitcoin go ahead and baikal with it now. as somebody said on twitter today elon. Musk is now opneing bitcoin with cows. Yes i can see what they meant by that because bitcoin of cosplaying guy on up in value recently. So musk we'll swap you a car. Which is depreciating asset for one of all a portion or even a couple for expensive cost of your bitcoins which might go up in valley omega down a next. We'll talk about jeep wrangler and the fall by a drive train. The jeep wrangler way. This four i think to say full by I it's got a very similar powertrains every other wrangler like all of those engine up front. It's a two liter turbo. Four in this case sends power to the transmission and on through to the transplant case. Now the transfer case is where the power is split between the axles in the front back and from there. It's power to the ground now to this conventional four by four lineup. This dr line really. They've added g provided some components. Let me tell you how they do it on this. According to driving dot ca the first two motors in the in the the first of them. One is bill into the eight speed automatic transmission. The other is attached directly to the engine itself do slightly different jobs in terms of region. And how talk is applied of course is a plug in hybrid has gotta plug socket. The front motor applies power to the crankshaft. The remote applying power through the transmission. Well output from the two motors and the piston engine managed by very specialized high-tech control system ensures. The powertrain is as seamless invisible as possible by the way the same hardware that makes all that possible. It makes the numbers. Look pretty good as well. Three hundred and seventy five horsepower. Drivers can expect throttle response off the charts and as much talk like four hundred and seventy pound feet of torque as an rt three nine to rubicon and using a fraction of the gas. If that's what you wanna do. That sounds ridiculously complicated. For a bunch of stuff sooner or later is going to need some servicing. It's very clever high by puree lot less to go wrong. And he'll never have to worry about the pistons Going wrong and getting the oil. Bits service although yes don't complain. There are some oily bits on a navy just a lot less. So then he got a little insight into how jeep doing their plug in hybrids. So there's interesting i recognize. Jeep buys brand fanatics. They might go for that. Actually i mean probably still got a few reservations about electrified power but actually they've still got that big old smokey engine if they want it. I think sooner or later. They've realized that if they're you know crawling up the side of a mountain something or just whatever they're using that jeep four and it's quiet and the electric power is taking over and the talk instant and it's just so much better. I think they'll.
No Agenda
"morrison government" Discussed on No Agenda
"Proves the shot or it's dynamite. Baby yeah now. There's only one thing that the mainstream media can start pushing back on and they have to report on it but they're not doing any in-depth or really even laughing about it. Remember bill gates. Dr bill was quite clear that yes it could be your. It could be super painful in your arm. That was pretty much it super painful in your arm. Well it's gotten to the point where you have entire. Let me see if i This one give entire school systems that are shutting down because all of the teachers are taking been actually have some reports that certainly not all of the teachers but the teachers all get vaccinated on of the same day and then they're out for three days. Yeah i have a clip about it. Where the hell was it. This one Nope damn i thought. I had a a clip of that anyway Not only is it the schoolteachers. The politicians are also running into some trouble The australian health minister after his vaccination unrelated of course had to go into ospital federal health. Minister greg hunt in an unrelated incident is also in hospital this morning. Being traded for an infection. His office says that while the minister did received the astrazeneca vaccine over the weekend. This illness is unrelated to the jab. Mr is being treated with. Iv fluids and well as with antibiotics is expected to make a full recovery. But we'll be on medical leave for at least the next few days. This does put the morrison government in a bit of a difficult situation as there are now. Three senior government ministers on leave. And here's the ohio school system. Why middle school to high schools and six elementary schools closed for the day and owen tangent school district. This after a shortage of subs following the district's second kovic vaccination clinic this time around knowing that second round of vaccinations was going to take a little bit longer to recover. They decided to do the shot clinic on saturday. Which enable does teachers to have time to recover if they needed to but It just seems that needed. That didn't need it a little bit more time. Only angie school says the vaccination clinic was held saturday to allow for some recovery. Time contracts out subs and put in a request for more specifically for monday but there simply weren't enough to cover all of the buildings. It's hard to find subs even in a good year. This is happening everywhere. I i put some hold on a second. We have to stop for one second. Just examine this a little bit. This isn't happening with everybody. Would teachers that teachers have not wanted to teach for over a year I i'm looking at. This is just all i got the shot. I feel good. I gotta take three days off. I don't wanna see they don't wanna teach these brats. I think you're right. I think you're absolutely by the way they're the ones that made them brats. That's true so the teachers have created a bunch of monsters. Woke kids lose anything. If you want anything in to ruin a country to have a bunch of kids that are woke and the probably being questioned by the kids on everything they say. Because it's like well it's not woke enough so they don't wanna see these kids anymore. They're through it far as they're concerned. Jay black to get a check and stay home. Yeah yeah in the who you have one of our producers. He was like There were eight hundred slots in this may have been ohio. Actually eight hundred slots open for teachers to get the vaccine and the people just aren't showing up they just don't want at all they're not even not even taking it. And and and so. Here's here's what becomes really uncomfortable for the mainstream media where they have pfizer. And i'm sure the other corporations must be doing their advertising but wasn't face. The nation brought together a zoo panel boy. That was kind of awkward. We spoke with several americans from across the country to reflect on the last year. And look ahead. We began by asking if the group trusted. The vaccine aren't trust the vaccine. But i don't think that the vaccine is just gonna be the cure. All and everything is lovely but i think this makes things a whole lot. Better axioms around to be pretty effective It seems to be a much better way to achieve herd immunity via immunization than you know just having virus ravaged through communities rather way not want to be a guinea pig. And is that how you taking the vaccine right now for the six million americans who've taken it point that would rather wait a year to make sure be died matter term into robots or something like that and gabriel. Is that where you are. I would never consider making it. I don't want to be a guinea pig. Guinea pig how inconvenient. This is not good and and then we're having trouble. The is having trouble with its employees because lebron james now he said i i i don't i don't want to talk about i kid. It's a personal decision. This could not stand for the disney slash ccp influenced owned espn bano. We couldn't have that. We need to take this news. Call up something personal and then we got a virtue signal is hard as we can with some other black guy and i'm the face of the nba. Lebron james is usually an open book on most subjects but his made it clear. He plans to keep his decision private over whether he will get the kobe. Nineteen during all star weekend. He told reporters quote. That's a conversation. My family and i will have pretty much. Keep that to a private thing. I obviously saw autumn. His comments about the vaccination. But things like that when you decide to do something. That's a conversation between you and your family not forever stephanie. How do you feel about lebron saying that whether he gets the dachshund nation will be a quote private thing. Well this is a very delicate conversation. And i want to address it with the seriousness that it deserves And be a completely respectful to lebron james. I want to emphasize that. Lebron james has the right to feel that way It's incredibly some people. It's an incredibly private situation As a black man Considering this nation's history is unethical behavior when it comes when it came to us in black folks as guinea pigs in is I definitely understand the hesitation and the apprehension on his part. I wanna make sure that. I let the world know that i have decided. I had the same apprehensions as lebron. James particularly believe that it was a private matter. I have changed my mind. Not only am. I taking the vaccine. I will take it today Good for you. I'm going to say you on the day. And i hesitated for a long time. Not just to take but even more so Whether or not it was. I was going to publicize I've come to the conclusion that that is an error in.
Republic Keeper - with Brian O'Kelly
"morrison government" Discussed on Republic Keeper - with Brian O'Kelly
"Forces the big ticks to pay for news content. Now the treasurer says facebook has agreed to reverse its decision after the two parties came to an agreement the government will make some amendments to its code including taking into account commercial deals already made between tech companies and news publishes. These are important issues because the purpose of the code and the purpose of the morrison government's intentions of all been designed to sustain public interest journalism in this country. We made it very clear that they need to do. Commercial deals with australia media businesses. Now so what. The upshot is of this is that the the facebook. Let's say you share an article from sky news. Australia and that article gets shared fifty times. Well sky news created the content but facebook receives the revenue benefit of the audience and the advertising and sky. News doesn't and so what the australian government saying is. Hey if you're sharing content you didn't create by other professional creators. you need to share the revenue with those creators. I love that idea. Because that's exactly the problem. I have over on the republican podcast page. I induced through the content. Forty one thousand people to follow the page. Who benefits from that not me. I can't benefit from it. Now they benefit from it. I can't even distribute the content to people there they won't let me and so They benefit from the work. That i've done and i don't and so what australia's trying to do is put that back in the hands of the news business and it's important because the news business has been stripped of resources. Which makes it not as good as what as it used to be. There are fewer fact. Checkers fewer reporters fewer people on the street. All because the revenue has shifted to these third parties. Who don't actually do the newsgathering and so this is a really really good move. Poland is also making some important changes. Here they're proposing a thirteen and a half million dollar fine herb host if the company's sensor individuals so thirteen and.
Between The Lines
China steps up threats to reclaim Taiwan
"China's rise as a great power it showing more and more attention towards reclaiming territory that long regarded as its own witness. Beijing's conduct in the south china sea. The east china sea hong kong the himalayan border with india. And of course. Taiwan fifteen chinese planes were detected flying into taiwan southwest air defense identification zone or on sunday taiwan's ministry of national defense said sunday's incursion involved twelve fighter jets to anti-submarine aircraft and reconnaissance plane. This comes less than twenty four hours. After the people's liberation army air force flew thirteen combat aircraft including chinese bomber planes capable of carrying nuclear weapons into the same region that was from the south korean english language. Every rung account of china's recent intimidation of the lovely liberal democracy of nearly twenty four million people. now one of my guest today has warned the australian defence department. Beijing is highly likely to attempt to take over taiwan using all means short of war as early as twenty. Twenty four ponder that a chinese takeover of taiwan by twenty twenty four. Linda jacobson is the specialist who delivered this assessment to the morrison government. A few months ago linder is founding director and deputy chair of china matters and she joins us from finland. Hello linda welcome back to between the lines. Thank you for having me again. Tom and joining us in sydney. Is natasha qassam. A research fellow at the low institute by the natasha. Thanks for having me tom now. Linda recently published. China matter explores policy brief. Summarize succinctly or faces tom. We've been talking for a long time. That taiwan is possibly explosive issue in our region. I'm saying it again now. Because the president xi jinping has made it clear that contrary to his predecessors he does not think we can leave the unresolved political status of taiwan to future generations. He wants to see movement towards what the chinese say reunification of the mainland and taiwan during his lifetime. That's the first point. The second one is that as of late. Probably because of some of the recent events which you alluded to among others the pfc's actions in hong kong. There's been a lot of talk of war of outright military conflict between taiwan and the pfc. I think these media reports have the problem into the wrong perspective. I think it is unlikely that we will see outright war over taiwan's future but we are very likely to see beijing making a move which is a protractive extensive intensive campaign of pressure using all means short of war to bring the taiwanese political leadership to its knees and agree to negotiate nothing more without preconditions taiwanese leadership has already said they will negotiate. But the pfc wants to negotiate on the basis that there is only one china in other words in negotiations have to end in some sort of agreement about unification so that's in a nutshell is what the policy brief argues. We should appear for this kind of extensive intensive pressure campaign using all means short of a case. i'm not. She heard linda's assessment. There of the chinese threat to taiwan china's military invasion of taiwan's unlikely. Highly unlikely so expect by gene to launch a step by step coercion of taiwan using all main short of war to force taiwan's latest into negotiations to etc unification natasha. What's your response. I'm inclined to agree with linda that this kind of phased coercion with many policy measures that china can easily scale up is the most likely scenario are and we can already see that happening. We can already see china attempting to launch multiple cyber attacks in taiwan to economically co west taiwan to try to put pressure intensive media coverage and even to infiltrate some of those local level groups to try to tan politics in a different way in taiwan. All these measures today have been relatively unsuccessful. China made it very clear that they wa against the current president citing win and that they were going to punish the taiwanese for her. These kinds of measures only encouraged the taiwanese people the vast majority of which do not want to be a part of china to turn out in support and fight to when last year. And at the same time we've also seen the country really come together during this covid nineteen pandemic and we've seen a really incredible of trust in institutions and in that democratic system of government. In a way that perhaps we haven't seen in other countries so i'm inclined to agree with these being the right measures but on the other hand i would say that the military option very much remains on the table not perhaps in the short term but from china's the incredible buildup of the people's liberation army that we've seen over the past decade has very much been directed at a potential taiwan
Future Tense
Australia to spend additional $270 billion on defence boost over decade, PM says
"Defense, spending will be fast-tracked strenuous looks to beef up its ability to react to an increasingly contested Indo Pacific region. To. Increase the the hitting power of the defense in the short term document hynick the challenges within the International. System Val competition. It is the appropriate. Bencher there's a lot more to this document or nothing. Clean messages really about deterrance about preparing the Strategic Defense Force to actually be able to. Australia's military strategists and defense analysts are still digesting discussing and debating. The Morrison government upgraded defence capabilities, some two hundred and seventy billion dollars over the next ten years. It seems like a lot of money, and it is of course that these days military hardware doesn't come cheap. A new anti ship missile for instance will set you back around four million dollars, Pope.
Between The Lines
Muscling up to China and 25 years since Srebrenica
"Tom Switzer, he and welcome to another episode off between the lines now today on the program will be commemorating the twenty fifth anniversary of Europe's worst massacre since the Holocaust in ninety, ninety, five more than eight thousand people died in Shrimp Nitsa. The town was supposed to be a U N protected safe haven in the vicious civil war that tore Yugoslav apart instead the civilians ended up being massacred by Bosnian Serbs. Were lightning fast with their superior weapons. They easily overran the lightly. I'm Bosnian government troops and the token full civilian peacekeepers. The UN's Valley to protect the civilians inspired Washington to launch unilateral action against Serbia and end the civil war. Would things be the same today now? That's later in the program, but first defense. Last week the Morrison. Government launched a defence strategy and force structure review now the move signals a major shift away from the strategy outlined in the last defence white paper. Remember that just four years ago in two thousand sixteen. It plotted out Australia's strategic costs for the next decade. But that White Paper has as we know been rapidly overtaken by Vince covert China or that now the new review has promised two hundred and seventy billion dollars over the next decade to enhance Australia's defence capabilities with renewed focus on areas like Saba and spice capabilities and the possible development of hop sonic weapons will be fitting aircraft with long-range anti-ship missiles, increasing underwater surveillance and boosting fuel ammunitions reserves. Now, underscoring the seriousness of the shift, the Prime Minister even drew comparisons to the nineteen thirties and the lead up to world. War Two that period of the nineteen thirties. Is Been Something I've been revisiting on a very regular basis and when you connect by the economic challenges and the global uncertainty. It can be very haunting, but is the money too much or not enough is going to all the right places, and we'll do enough to safeguard Australia from China's increasing assertiveness and is rapidly growing military capabilities. What's the role of Australia's diplomacy? And all of this will joining me to discuss this at three distinguished guests. By skill is professor of Asia Pacific Security Studies at Macquarie University Holiday Bites. Thank you good to be here Melissa Conley. Tar is a research fellow at the Asia Institute at the University of Melbourne. Hi There Melissa could to speak again Tom. And Pay. The Jennings is executive director of the Australian Strategic Policy Institute. Tom No. Can you talk us through the top of scenarios and potential conflicts that the defense review is preparing us for the scenario that the review is focusing on is one involving a high end conventional conflict, so I've gone to the days of stabilization operations in t more Counterterrorism operations in Afghanistan This document is preparing foresight on onsite conflict. Involving countries that have sophisticated military forces. And, of course, the document doesn't say. I don't think it would be reasonable to expect it to say. That China is the problem. But let me tell you China is the problem that is the now neoplasia competitive that way of thinking about when we think about what's adequate in terms of the topic of military capability we need to have. and to does reflect to change. From past years Tom I recall when I started by defense career, we were thinking much more about the risks presented by Indonesia, and the so called low level in cushions in the northwest. Of course, that's no longer features in anyone's strategic thinking. Really it's about China and the risks that the People's Republic is presenting to all of its neighbors in abroad since in the Indo Pacific region and beyond I cabinet crudely putting it some sites laying the groundwork for fortress Australia US sign. This is preparing us to join a potential use LID. Containment slash war against China for example to protect Taiwan Peter Jennings. I think that is it covers a spectrum of possibilities. One possibility which I think is Epson you were in terms of language of the document is that we might conceivably end up having to face military conflict without being able to rely on the direct combat support of the United States, and that's what leads to discussions around extra stockpiling munitions and fuel insightful. But I think in general terms. Yes, the expectation is that Australia. Through its history has been a country that forms coalitions usually have like minded partners, the share the same types of objectives. And the the plan will design the Defense Force. Really gives us the capacity to do that with Rachel Ellis lecture, example, Japan but also with our traditional ally the United States okay bates skill. You've recently completed a review of China's defense capabilities and its recent military modernization, specifically looking at the implications for Australia Wind you expect the Peo- The People's Liberation Army and its navy. When do you expect them to have the capability to project power as far as Australia annual Pacific knives, well in many respects Tom, they already can I mean they have the long range missile capabilities to do that? Know as a from a standoff position launched from their own from their own homeland against hours. But what I think, the the new strategy is looking at is really the development of capability over the next ten fifteen twenty years, and that's by the Chinese own own acknowledged calendar that they would be able to by that time of mass, a large enough capability, both in terms of its long range strike, you know striking from their own homeland, but also bill to project. Project Power passed the so-called first and second island change and being a position to more directly threatened through those platforms Australian security. So you know we're talking ten or fifteen year window here and I think given the time it does take to try and respond to develop the the deterrent and defense capabilities for Australia. That's that's you know that's in some ways a short window. for Australia to be mobilizing in reaction Melissa Tali. What's the role of a strong diplomacy and all these well I think it needs to be growl. And one of the concerns when we look at the deteriorating strategic environment is we think all that's a defense problem? And so when the prime minister launches the strategic update with those comparisons with the nineteen thirties. It pushes US toward seeing in purely military terms but we don't just want to say things in that security lands, we want to think about all of the parts about national power projection, so that's diplomacy and development as well as defense I think if if people thought about it I think what we invest in all three strongly, but that's not where it is if you look at federal budget fifty. Fifty nine billion to defense and less than seven billion to diplomacy and development together the lowest point with ahead in our history and I think we missing that opportunity. If we don't take US seriously, the way that diplomacy and development can shape things in the world so I was struck. Today was a defendant looking at the latest poll on what are the major concerns that Australians have at the moment of the top threats in the world and the first five, a role nontraditional that drought, environment, disaster, climate change, pandemics, and downtown, global economy, and those places where you know military spending isn't going to help shape that environment. So we need to have an effect on those. We need to be thinking much more about what we can do in the diplomacy and development to mind Peter Jennings. What would you say in to Melissa's observations? Because they reflect a certain mindset that that perhaps we should be focused more on non state actors rather than say China for instance well, I think all of these you know threats that have to be taken seriously. I'm and simply because we're living in the middle of a pandemic for example, doesn't the climate change is gone away in this no longer going to present a problem to us. I guess what I'd say. Is that the you know the five things Melissa listed? That were in the featured in the low e Poland terms of popular concerns. Are also the things which could. In different ways late to the risks of conflict escalating in the Indo Pacific region generally so You know my my view, please while I would like to see spending on diplomacy increased. While I. Say Development Assistance is being something which is effectively the United soft in of Australian power, and the military is the hot end of Australian power. I think. The message against all of these areas is that we have just been underinvesting for decades underinvesting for decades, so we're we're all. High fiving ourselves at just reaching about two percent of gross national product, being spent on defense, but that is compared to what we spending in cold or years, which was sometimes between three and a half percent in four percent of rustic product. So what we have grown used to Tom I would say is. Free written on the United. States code tiles of security for for decades. We've dramatically under. Invested in the things that we need to do to strengthen Australia's position, not just militarily, but also diplomat. A now. We're rather surprised to hear the news that Gosh the bill is a lot more expensive than we really thought. It was only if you've got that confidence in the US. and. In fact, the whole trump stories, the story of the Americans really big being fed up with the rest of the world, thinking that the US can fund the bill for their security, so we're going to have to do more and I think we're going to have to do it against multiplicity of areas not. Justin sought the defense organization. We'll some scholars such as you want and James Current from the University of Sydney. They say that this document sounds a lot like an acknowledgement that the US might not always be there to help us out. By are we starting to plan for more independent Australian defense posture I think it would be a wise move to keep that option open when you think of the capabilities that the Chinese developing in which do have a direct pose a direct threat to Australia or could do so. In many respects, the I think the types of threats that you might not expect an immediate or even timely response on the part of the United States what I'm thinking here. Cyber capabilities is a huge priority for the Chinese. We already know what they see the sort of capability. They can wield against Australia and that's not the sort of thing you can expect a kind of cavalry to. Lead the charge from from Washington to come to Australia's defence slowly long range strike capability on the part of the Chinese capability. They already have in which are going to continue to develop. which could threaten Australia down the road now? These are capabilities that I think that Australia's going to have to develop their own defenses for. They can certainly do that with United States, but again it's not necessarily the sort of threat that we would expect some sort of traditional ally joint response not to make it well. Some of are in listeners will email me and they'll say that if Uncle Sam struggles to police. It's own CDs. Melissa. How on Earth Can Uncle Sam Police? The Asia Pacific region in the face of a rising China. What's your sense about us staying power in the next decade or two in look? It's difficult One of the things that strategic update looks at is more threats to the global rules order, and unfortunately the you know, the US is part of that. the US is not along with the strategies interest on things like global trading system, and a number of international issues like global health where we would say you need to be supporting. A Global Response that said I don't think the strategic update will be read negatively in. Washington, it's my guess. it very clearly couched in terms that I think the US will lock about Australia contributing more and having more self. that could be seen as a statement that we think that the US might not have outback, but can also be seen as something that the US has been for for a long time. I particularly liked a few elements of the update things like making sure that we have. You know material ammunition You know that aren't going to be disrupted. Buckle supply trying having more capability eight industrial cut suffering capability here antiques fuel reserves, which is not as long sane as an issue for us, so I mean those are things that are worth investing in. Regardless of US resolve because as we've seen from COVID, we know that supply chain can be disrupted very quickly and easily, and it's worth having eligibilities. Cepeda Jennings bite skill and Melissa Conley Toilet and Melissa. The Pacific step up last year. That realigned Australia's development budget to deal with some of the strategic challenges posed by China in the Pacific Do you think it goes far enough? The step up was followed recently by strategies new International Development Policy Partnerships for recovery, and that's made it very clear that strategies focus should be on the Pacific and also southeast. Asia including. Indonesia and team August. I think that has a very clear statement about what we want. In the region of being entrusted trusted development partner and influencing those societies that we think positive for four region. Again you're going to. You're going to say you. Hear this from me all the time, but again the problem is that we not really making much invasive lunch, so partnerships for recovery head no new money it talked about the massive challenges that covered as as creating for for the for the Pacific, and for for our region broadly, and the only funding announcement was that we're going to repurpose the money. We would have spent on sending Australian. Volunteers in scholarship holders. And we're GONNA use that so I I suppose I. Feel a little bit with all the areas, not actually include district update in that as well that what we've seen through the foreign policy, White Paper and International Development Policy through to to the defense. Strategic Updike is. We talk about how. how? What a time! These these frosty leaving a contested difficult awful environment that we've now got to leave in and the Dow L. Easy Times over, and then we say, and we're not gonNA. Give any new money so I mean the defense announcement is essentially just that we're going to continue to you know, extrapolate out the money that was planned to be spent in the twenty twenty six, and we're going to extrapolate that out to twenty thirty terabytes skill. Do we risk getting into a bidding war for influence in the Pacific? I don't know if it's a risk. If it is a risk worth worth taking. I mean obviously the Pacific region is so extremely important Australia's future. Both for for defense reasons for regional engagement for diplomatic reasons, developing reasons and the like. so It's quite possible that we're entering in a more competitive phase with China in this. SITES WRIST BYTES I'm talking about more the budgetary concerns he because in the wake of the Corona Virus Crosses. There'll be serious limits on how we can spend on these things scholley. Yes, there is and party left to be be developed for that, but you know when you're talking about your own backyard. I mean I I. I don't think it's the kind of country that can simply. Pretended it's by itself getting back pay to Jennings to the region, generally in the rise of what. Angus Campbell is of the Defence Force he's talked about the rise of political warfare, the idea of grey zone warfare things like cyber attacks, economic coercion influence operations that fall below the traditional threshold of war. He says we need a whole of government response to it. I, you seeing that whole of government approach happening in Campbell, or is this Manley focus on defense and the spy agency so far Peter Jennings. It probably is focused on the national security agency's Tom. That's not too surprising because you'd expect them to sort of pick up on the risks I. But General Campbell is right. It does need to be all government is. There's a whole lot of things happening there that simply cannot and should not be done by defense organizations. and. I think that realization is slowly dawning. Along as both of the speakers have said that actually ladyship comes with cost of infrastructure is going to play that role, but you know, give you a small example of this we. We have lost the ability to broadcast into the South Pacific and Southeast Asia. In a way that we used to very successfully over over decades to give us the capacity to do that. We're probably talking about you know that. He million a year forty million a year, which sounds a lot of defend. It's nothing if you're in the Defense Department. Let me tell you. But you need to be able to do things like that. To be the truth teller in the region to actually tell the region that there are alternatives to Chinese Communist Party authoritarianism I think that's what's needed with responding to this grey zone on threat. Is Actually to be the truth teller. In this part of the will and getting our system in Cambridge used to that reality to understanding what needs to be done. To starting at different type of conversation with our region. With our own people for that matter that that is a sort of a psychological change which I can see happening, but we're not quite yet. There's a bit of work still to be done to get to that point Melissa. Conley Tyler. Is, just responding on that. I agree entirely with what pitcher saying on on broadcasting. It's a small investment, such a an increasing influence. It should be Brian and I hope that did that's being seen. I think having defense voices. I will help a lot in a banks, seriously I'm but just went. When you ask Tom Balaton host government and what's happening there? There are some really good examples, so for example win. This Pacific step pop started an office of the Pacific was established in that apartment and tried and each job. He's to be that coordinating body, and it's bringing together the. The defense, the development and the diplomacy in a way that he's gone to maximize our influence. and I've noticed this a lot more discussion about that that three. How do you bring defense development diplomacy communities together? I'm involved in initiate the Pacific. Four Day and I think a lot of people not talking about what more we can do for that that joined up coordination to make the most about national instruments by skill. You're an expert on China. The elephant in the room of course is China doing need to be careful not to overestimate China's military strength. What about the weaknesses? Exactly right I mean you have to know your enemy's weakness as well as their strengths in the case of China, they are undertaking enormous reforming organization effort. They're pouring billions of dollars into new capabilities, but there's a lot of things we need to recognize I. Mean One is that the Chinese have not fought a shooting war and more than forty years. They are have no. They have zero experience in high end combat against a serious. Adversary, scenario, so that's not to downplay them, but to understand that they've got enormous obstacles to overcome that day. Themselves acknowledge that they themselves. No, they have to overcome, and that's why we had this window that we've been talking about. A fifteen to twenty years. to try and develop capabilities to get in front of the kinds of things that the Chinese want to bring to bear around. Around, twenty thirty or twenty, thirty, five, twenty, forty, paid-up Melissa to be continued. Thanks so much for being on our in. Thank you, tell my pleasure. Thank you, Tom. That was paid jennings. He's executive director of the Australian strategic pulsing suit by skill professor of Asia Pacific Security Studies at Macquarie University and Melissa Commonly Tyler. She's a research fellow at the Asia Institute at the University of Melbourne. These between the lines with Tom Switzer. Coming next, we're going to replay a version of a segment from between the lines. I 'cause commemorating the massacre of Bosnian Muslims at shredded Nitsa on the eleventh of July nodding ninety. Five twenty five years ago this week. More than eight thousand people were killed by Serb forces. It was the worst massacre. Europe had seen since the Holocaust. Serve softening up Trevor Nature for the army's final push into the town. Town of course was supposed to be a safe haven protected by the United Nations, but the civilians ended up being sitting ducks as I woke Larry. Hollingsworth Remembers I. Myself Feel Devastated and ashamed I was there with them? When we told them that it was a safe haven I watched. Many of these people walk in with the minimal possessions into shreds, knowing that it was a safe haven, and now they're fleeing out because we've let them down, let them down to the extent that within dies. About Twenty three thousand women and children were deported, and about eight thousand Muslim men and boys left behind where executed and buried in mass graves. Now, reports from the time described, frightening scenes stiffen overawed from medicines on frontier. Speaking he. Loading some of the children and women into buses, but there's no indication as to where it was buses, going with seen some horrifying streaming, going on women and children going into the buses being taken away from their family This was going on with a lot of crying a lot of panicking. The slaughter had been planned carefully and executed with precision. All the wall Dutch. Pace is literally stood by, and did nothing indeed even when the Serb assault on Srebrenica was imminent. in-command is still rejected Kohl's racetracks. Positions. Pope John Paul. The second declared ribbon Nitsa a defeat for civilization as media reports begins to reveal the scale of the unfolding tragedy. The UN says nine hundred thousand people are still unaccounted for. About some became clear as government soldiers emerging from the forest in central Bosnia, told of horrific massacres at the hands of the Serbs one young. People executing them on spot, but this didn't come out of the blue. By the time this massacre took place the civil war that tore the former Yugoslavia. Repot was heading into its fourth year. More than a million people have been displaced, and the world became familiar with a new term ethnic cleansing. So? Who is to blame for these well? Let's start with the United. Nations from ninety two to ninety, five shrivel Nitsa was the world's first union declared civilian syphon. It was supposed to to her aggression. It was supposed to aggression and set the scene for political negotiations to end hostilities between the Bosnian Serbs, and Muslims, but the UN soldiers in the SIPHONS. They were bedeviled by problems. If you declare an area safe haven in the name of the United Nations. Nations if you tell the people if they are safe in the name of the United Nations you have got to put the troops on the ground, and it's no good for politicians say yes, we go for safe havens, but we're not gonNA put the troops meanwhile the Europeans vacillated and equivocated failing miserably to cope with across at its own back door. America was also reluctant to get involved as then President George Bush senior explained in Nani Nani to. I? Something because I learned something from Vietnam. I am not going to commit US forces until I know what the mission is to the military. Tell me that it can be completed until I know how they can come out. You have ancient rivalries that have cropped up as as Yugoslavia's dissolved or getting dissolved, and it isn't going to be solved by sending in the eighty second airborne, and although on the campaign trail that Ye Bill Clinton pledged to reverse the appeasement of that bushes of Belgrade as President Clinton allowed the Balkans to bleed for three more years. French President Jacques Chirac was moved to declare quote, the position of the leader of the free world vacant. Trinite Sur changed all that having done nothing the before during the mass killings in Rwanda Clinton was galvanized into action, and crucially he cut the United Nations out of the Decision Chine on August thirty Washington led a night bombing campaign against the Serbs the NATO action began early this morning. The harsh light of fires and explosions coloring the night sky. Some people watched the bombardment from their houses, but after more than ten thousand deaths here in the last three years, most Sarajevans had given up any hope of outside intervention. Last night it came on a scale which could yet change the course of this war by the end of not ninety five sixty thousand nine hundred troops, including twenty thousand Americans were on the ground in Bosnia. Pace was declared. The BOEKEN's wars ended only because the US finally acted. He's President Clinton in November ninety five my fellow Americans in this new era there are still times when America and America alone can and should make the difference for peace. The terrible war in Bosnia is such a case nowhere. Today is the need for American leadership. More stark are more immediate than in. In Bosnia in the years since the Mexica Europe inaction was heavily criticised, and the US was held up for its global leadership in particular for its unilateral humanitarian intervention. This is when the US secretary. Of State. Madeleine Albright said America was the indispensable nation, and that idea would fade into the justification of the Iraq invasion in two thousand and three as a war of liberation, but he's a question with the US intervene. If the shrivel Nitsa massacre happened today from the standpoint of twenty twenty, we might ask if the era of US unilateral humanitarian intervention is well and truly over. Well, that's it for this week. Show remember if you'd like to hear the episode again or download segments since two thousand fourteen. Just go to ABC. Dot Net dot US slash aren and follow the prompts to between the lines, or you can listen via the ABC. Listen APP, or wherever you get your podcast. You can even subscribe, so you never miss an episode. I'm Tom Switzer continue next week.