Auspol December : Fuck its hot. - The Something Awful Forums

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The Something Awful Forums > Discussion > Debate & Discussion > Auspol December : Fuck its hot.

Birb Katter: Sep 18, 2010; BOATS STOPPED
CARBON TAX AXED
TURNBULL AS PM
LIBERALS WILL BE RE-ELECTED IN A LANDSLIDE

For those who like mocking Uhlmann, here he is responding to an ABC journalists tweet.

He was responding to commenters of those names without mentioning them so defending the journalist

# ? Dec 6, 2015 22:43

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# ? May 23, 2024 09:06

open24hours: Jan 7, 2001

Time to start a start-up. Looking forward to trading while insolvent.

# ? Dec 6, 2015 23:08

Negative Entropy: Nov 30, 2009

http://www.telegraph.co.uk/finance/economics/12033696/Paralysed-Opec-pleads-for-allies-as-oil-price-crumbles.html

crude oil has dropped from $110 to 40 per barrel. OPEC is continuing to supply and there are tankers on sea with no buyers.
on land storage is full in several places.

can someone with more financial knowledge provide some commentary.

# ? Dec 6, 2015 23:50

NPR Journalizard: Feb 14, 2008

OPEC are attempting to do what BHP and RIO did today the iron ore market, and flood it with product, massively over supplying, to drive down the price and force high cost producers out of the market.

# ? Dec 6, 2015 23:56

open24hours: Jan 7, 2001

Isn't it just that they're desperate for cash, and can't afford to restrict production?

# ? Dec 6, 2015 23:57

The Peccadillo: Mar 4, 2013; We Have Important Work To Do

Kommando posted:

http://www.telegraph.co.uk/finance/economics/12033696/Paralysed-Opec-pleads-for-allies-as-oil-price-crumbles.html

crude oil has dropped from $110 to 40 per barrel. OPEC is continuing to supply and there are tankers on sea with no buyers.
on land storage is full in several places.

can someone with more financial knowledge provide some commentary.

It's exactly what it sounds like, we're try'na sell what no one wants at great cost

# ? Dec 7, 2015 00:34

I would blow Dane Cook: Dec 26, 2008

Kommando posted:

http://www.telegraph.co.uk/finance/economics/12033696/Paralysed-Opec-pleads-for-allies-as-oil-price-crumbles.html

crude oil has dropped from $110 to 40 per barrel. OPEC is continuing to supply and there are tankers on sea with no buyers.
on land storage is full in several places.

can someone with more financial knowledge provide some commentary.

They have given up because they know that coal is good for humanity.

# ? Dec 7, 2015 00:50

Cartoon: Jun 20, 2008; poop

BlitzkriegOfColour posted:

If you were given a choice of going back in time and killing Adolph Hitler or going back in time and killing John Howard, who would you choose and why?

https://youtu.be/vqgSO8_cRio?t=06

I find it hard to use temperate language when I hear this sort of bollocks:

http://www.abc.net.au/news/2015-12-07/pm-to-unveil-20-measures-to-foster-innovation/7005696

quote:

Innovation statement: Malcolm Turnbull to unveil $1b package including entrepreneur visas, cash for CSIRO By political reporter Peta Donald, staff Updated 31 minutes ago

In his first major economic statement as Prime Minister, Malcolm Turnbull will today unveil a $1 billion plan to foster greater innovation across 11 different Government portfolios.

Key points

$1 billion plan to 'kick start innovation culture', including $100 million to CSIRO
Tax, research infrastructure, education affected
Changes to bankruptcy laws, 457 visa scheme, tax exemptions for investors
Labor announces its own 20 measures
Among the measures will be a $100 million boost for the CSIRO, which was hit by around $110 million in funding cuts in the 2014 federal budget. (So let me get this straight you unashamed bowel squirt. Your innovation plan is to only cut $10 million from CSIRO? Well W H O O P T I E loving DO! Kick start? More like kick to death.)

The Government will unveil plans in the areas of tax, research infrastructure, and education in the STEM subjects - science, technology, engineering and maths - in a bid to "kick start an innovation culture". The ABC understands there will be a commitment to provide capital gains tax exemptions for investors who hold shares in a start-up for three years or more. It is also expected there will be a relaxation of bankruptcy laws, and changes to 457 visa scheme to encourage more entrepreneurs and highly skilled workers to travel to work in Australia. The full plan will be detailed by Mr Turnbull and Innovation and Science Minister Christopher Pyne at the CSIRO in Canberra at 12:30pm (AEDT).

Since taking over as Prime Minister, Mr Turnbull has vowed to put innovation at the heart of his Government's agenda, especially in the areas of climate change and increasing productivity and economic growth. Assistant Minister for Innovation, Wyatt Roy, told ABC News Radio the key to driving future prosperity of our country was enabling and collaborating with the private sector. "That's where we've got to see the role of government is bringing together both sides - the private sector the incredible research we do, so we commercialise things and create these incredible businesses, products, ideas that change the world for the better," he said.

Labor sought to get on the front-foot on Friday, announcing its own suite of 20 measures to encourage innovation, especially in regional Australia. "We'll wait with bated breath, like many people are, to see if the innovation statement lives up to all the hype," said Ed Husic, Labor's spokesman on digital innovation and start-ups. He pointed out that the CSIRO, the location for today's announcement, has had to cut 140 jobs as a result of budget cuts by the Coalition Government. Millions of dollars have also been cut from other national science and research institutions, including Cooperative Research Centres, the Research Training Scheme, Geoscience Australia and the Bureau of Meteorology. "As much as we welcome the fact that the Government is making this innovation statement, it really is important for them to spell out all the damage caused by the cuts," Mr Husic said.

Professor Les Field, from the Australian Academy of Science, said he hoped for long-term and secure funding, including for major pieces of scientific equipment, which are currently being funded for two years at a time. Business groups are meanwhile hoping the innovation statement will provide a realistic strategy for the Australian economy. The chief executive of the Australian Industry Group, Innes Willox, told AM solutions are needed to account for the winding down of car manufacturing in Australia, the ageing population and the end of the most recent mining boom. "We are regarded in Australia as being very strong when it comes to research, quite poor when it comes to collaboration between universities and institutions and business, and particularly poor when it comes to commercialisation," he said. "So it's those last two legs that the Government really needs to try to fix."(The government plans to fix it by linking university funding to commercial outcomes. Unfortunately the problem lies outside the university gates with Australian Business who are about as agile as bricks and smart as them too)

http://www.abc.net.au/radionational/programs/breakfast/industry-group-calls-for-overhaul-of-corporate-tax/7006170

quote:

Industry group calls for overhaul of corporate tax and innovation incentives Monday 7 December 2015 8:05AM (view full episode)

When he took over as Prime Minister, Malcolm Turnbull promised to increase innovation and entrepreneurship in Australia to help the economy grow beyond the resources boom. His long-awaited Innovation Statement�to be released later today�will now aim to chart a course to this 'agile' future. The $1 billion package of measures will reportedly include capital gains tax holidays for investors in start-ups, and a $100 million funding boost to the CSIRO. But one industry group says unless the corporate tax and innovation incentives landscape is dramatically overhauled, Australia will continue to lose the innovation race, and Australian intellectual property will be lost to overseas.

Shill for business sees the only way forward to be dropping corporate tax rates. :doh:

:doh:

That's right the best and brightest thinkers in Australian business all got together over a series of long lunches and this is the fruit of their labour. What Australia desperately needs is a machine that grabs neck ties and kills the still warm turds they decorate.

So just how clever are we?

http://www.abc.net.au/news/2015-12-07/state-opposition-criticises-cost-of-new-south-wales-logo/7006034

quote:

Cost of New South Wales Government logo criticised by State Opposition By Danuta Kozaki Updated 29 minutes ago

Questions have been raised about the cost of the New South Wales Government's latest logo, after it emerged it cost $160,000 to develop.

The NSW Opposition said the cost of the NSW � Making it Happen logo, which was unveiled a few months ago, was excessive. A request lodged under the Government Information Public Access Act revealed $160,000 was spent on the new logo, the chairman of the Opposition's Wastewatch committee Chris Minns said. "It is an enormous amount of money to be spent on what is essentially a government enhancing their own image," Mr Minns said.

Mr Minns said the document showed nearly $40,000 was spent on the research and review of NSW Government branding, including a private agency talking to government departments. "It's all the more concerning because the Government was talking to itself and charging taxpayers for it." A spokesman for Premier Mike Baird said the cost of the new branding was significantly lower than what was paid in other jurisdictions, including Victoria. He said the old logo was four years old and it was time for a refresh. "NSW is the number one state and we are doing everything possible to attract even more investment here," the spokesman said. Mr Minns said the figure did not include the cost of new stationery. "NSW taxpayers shouldn't have to fork out that kind of money particularly when you consider a business card hasn't been printed or a sign has been changed. "I'm not sure there would be any businesses or investors who would come to NSW due to a logo."

FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF

http://www.presstv.ir/Detail/2015/12/06/440573/opec-policy-oil-prices-global-market-saudi-arabia

quote:

OPEC�s current policy may further lower prices: Analysts Sun Dec 6, 2015 3:55PM

Current policy adopted by the OPEC to keep its output high despite market glut may put more downward pressure on oil prices, oil market analysts say.

Oil market analysts say the current policy adopted by the Organization of the Petroleum Exporting Countries (OPEC) is very likely to lead to further slump in global oil prices, a new report says. Analysts say OPEC's policy of maintaining high oil production risks mounting more downward pressure on oil prices, especially with Iranian crude set to enter the global marketplace, AFP reported. "The ongoing supply surplus should continue to exert heavy pressure on oil prices in the short term," said Fawad Razaqzada, analyst at Gain Capital trading group, adding, "This could force some weaker (non-OPEC) oil producers out of the market," resulting in tighter supplies next year.

Though lower prices will reduce the revenues of OPEC�s member states, cheap crude oil may result in decreased production by non-OPEC nations, helping countries like Saudi Arabia preserve their market share. During its recent meeting in Vienna last Friday, the Organization of the Petroleum Exporting Countries decided not to slash the organization�s oil output despite sliding prices at a time that Iran is expected to increase its production next year. OPEC also did not reveal its precise collective output target in Friday's final communiqu�.

"In our view, the lack of guidance on a production quota underlines the discord among members," said Barclays analyst, Miswin Mahesh. "Past communiqu�s have at least included statements to adhere, strictly adhere, or maintain output in line with the production target. This one glaringly did not,� he added.

Since last year, OPEC, whose members together pump out more than one third of world oil, has consistently struggled to keep production at a target of 30 million barrels per day. Although oil prices have slipped by more than 60 percent in past 18 months, Saudi Arabia and Persian Gulf state members of the organization are defying calls to reduce output, alleging that they aim to preserve market share and fend off competition from non-OPEC and world-leading producers, Russia and the United States.

OPEC's policy of "keeping high production and keeping prices under pressure has taken more time" than it would have expected, Natixis bank analyst, Abhishek Deshpande, told AFP on the sidelines of the recent OPEC meeting in Austrian capital, Vienna. Before OPEC convened its meeting in Vienna, Iran�s Minister of Petroleum Bijan Zangeneh wrote a letter to OPEC, calling on the organization to cut its production by 1.3 million barrels a day. In his letter to OPEC Secretary-General Abdullah al-Badri, the Iranian minister asked the organization to stick to its output ceiling of 30 million barrels per day (bpd), saying, �Currently, the output ceiling has to stand at 30 million bpd but the production has reached about 31.3 million bpd.� �This is while it is clear which countries are producing above their quota�. Crude production by certain countries has increased so much that it has surpassed the ceiling,� he added.

The US shale oil production has recently come fully online and is (in my opinion along with Iran's re-entry into the global market) what has driven this drop in prices.

-/-

http://www.abc.net.au/news/2015-12-06/increasing-gst-to-15-pc-could-raise-$27b-grattan-institute-says/7005514

quote:

Increasing GST to 15 pc could raise $27b, Grattan Institute modelling shows, suggesting tradeoffs for low-income households By political reporter Stephanie Anderson Updated about 2 hours ago

Increasing the goods and services tax to 15 per cent could raise as much as $27 billion annually for the Federal Government, new modelling has shown.

Key points:

Grattan Institute modelling shows 5 pc GST hike could raise up to $27 billion per year
Institute suggests tax tradeoffs for low-income households, says that would still deliver $11 billion per year
If adopted, model expected to ensure poorest 20 pc of households fully compensated for higher tax
The Opposition has been targeting the Turnbull Government over potential increases to the GST, but new research from the Grattan Institute shows that a 5 per cent hike would still raise $11 billion after increased payments and tax tradeoffs for poorer households.

Grattan Institute chief executive John Daley said his model could even leave poorer households better off. Mr Daley told the ABC that, if adopted, the model would ensure that on average the poorest 20 per cent of households were at least fully compensated for the higher tax. "People in the bottom 20 per cent would actually be in a better position than they are today," he said. "They would have more money to spend and after accounting for the GST, they would be able to buy more with the income they have than they can today." The Federal Government has not proposed any increase to the GST, but Prime Minister Malcolm Turnbull has been clear that nothing has been ruled out in terms of reform.

The Grattan modelling found that a higher GST would impact more on higher-income households, with the top 20 per cent of households paying an additional $26 per $1,000, as opposed to the $25 payment by the lowest income households. Their modelling also ensured that most households earning up to $100,000 were compensated for at least of at least 75 per cent of the cost of the higher GST. Mr Daley said the research could give Labor reason to "think again" on their opposition to increasing the tax rate, saying that higher income households were likely to be the ones that paid slightly more. He said the model would also deliver a tax cut to about half of Australian workers, which would impact on economic growth.

"The assumption is that raising the GST would be regressive," he said. "If you change tax rates for people on lower incomes, many of those people are working part time, and the amount that they get to take home after tax and welfare is a material component of their decision to work an extra hour or not." The modelling follows similar work carried out by the National Centre for Social and Economic Modelling last month, and the Parliamentary Budget Office.

Opposition Leader Bill Shorten has ruled out support for an increase in the tax, stating that "jacking up the GST to 15 per cent is not innovative, agile or creative".

What about the effect on the retail sector in competition with overseas internet sales? Or have we 'solved' that by implementing a complete costs more than it makes and nobody knows how we can do it 'solution'.

It comes to the point where a population deserves the government it gets.

# ? Dec 7, 2015 01:00

Synthbuttrange: May 6, 2007

Cronulla rioter shares his wisdom on what happened 10 years ago.

quote:

He declined to speak when contacted by Fairfax, except to say there should be limits to freedom of speech and "freedom to attack".

Mr Atkinson said he believed the riot started to settle racial tensions in Cronulla.

One of the men swept up in revenge attacks in Maroubra agreed, although only because 200 Middle Eastern men fought back.

# ? Dec 7, 2015 01:01

Solemn Sloth: Jul 11, 2015; Baby you can shout at me,
But you can't need my eyes.

unconventional oil sources have low leadup times for reactivating production, so they are going to act as an effective counter to OPEC's hope of driving up price by restricting production for a long time.

# ? Dec 7, 2015 01:05

Birb Katter: Sep 18, 2010; BOATS STOPPED
CARBON TAX AXED
TURNBULL AS PM
LIBERALS WILL BE RE-ELECTED IN A LANDSLIDE

Cartoon posted:

https://youtu.be/vqgSO8_cRio?t=06

I find it hard to use temperate language when I hear this sort of bollocks:

Wow, Cartoon hates people who speak Spanish

# ? Dec 7, 2015 02:05

Amethyst: Mar 28, 2004; I CANNOT HELP BUT MAKE THE DCSS THREAD A FETID SWAMP OF UNFUN POSTING
plz notice me trunk-senpai

Brands kowtowing to random customers on twitter is one of the defining features of the ugly post modernity we live in.

# ? Dec 7, 2015 02:15

Blamestorm: Aug 14, 2004; We LOL at death! Watch us LOL. Love the LOL.

Particularly as even if it isn't being done by a software routine now, it will be soon.

# ? Dec 7, 2015 03:19

Synthbuttrange: May 6, 2007

Sooooo what happened to Abyan?

# ? Dec 7, 2015 04:18

Halo14: Sep 11, 2001

quote:

In the 12 months through September, Australians frittered away A$24.1 billion on gambling. That's an increase of 6 percent from a year earlier, more than double the expansion of the overall economy, which grew a below-average 2.5 percent over the same period.

# ? Dec 7, 2015 05:14

NTRabbit: Aug 15, 2012; i wear this armour to protect myself from the histrionics of hysterical women

bitches

Cartoon posted:

The US shale oil production has recently come fully online and is (in my opinion along with Iran's re-entry into the global market) what has driven this drop in prices.

This is exactly what it is, because the US ramped up shale oil production, and kept the price low, in order to blow up the oil export-dependent Russian economy, in response to the Russian invasion of Ukraine.

# ? Dec 7, 2015 06:19

Negligent: Aug 20, 2013; Its just lovely here this time of year.

Someone post first dog i feel empty without all those words

# ? Dec 7, 2015 06:21

Starshark: Dec 22, 2005; Doctor Rope

Negligent posted:

Someone post first dog i feel empty without all those words

You're not empty because of the lack of words, you're empty because you're a worthless, soulless husk of a so-called human being.

# ? Dec 7, 2015 06:25

Negligent: Aug 20, 2013; Its just lovely here this time of year.

no u

# ? Dec 7, 2015 06:30

Laserface: Dec 24, 2004

Starshark posted:

You're not empty because of the lack of words, you're empty because you're a worthless, soulless husk of a so-called human being.

a bloo bloo bloo you dont have the same opinion as me.

# ? Dec 7, 2015 06:32

Starshark: Dec 22, 2005; Doctor Rope

Laserface posted:

a bloo bloo bloo you dont have the same opinion as me.

Still salty because I told you not to use gendered insults? You'll get over it around the time your nuts drop.

# ? Dec 7, 2015 06:38

Cartoon: Jun 20, 2008; poop

Oh is it the December being a jerk competition already? gently caress. I'll have to work pretty hard to beat the field this month.

# ? Dec 7, 2015 06:39

NPR Journalizard: Feb 14, 2008

Laserface posted:

a bloo bloo bloo you dont have the same opinion as me.

It's not that the opinions are different, it's that Negligent is a horrible person who lacks basic empathy.

# ? Dec 7, 2015 06:45

SadisTech: Jun 26, 2013; Clem.

Cartoon posted:

Oh is it the December being a jerk competition already? gently caress. I'll have to work pretty hard to beat the field this month.

think of the thread as a digital Grid, laid out and waiting for your contributions

# ? Dec 7, 2015 06:45

Bifauxnen: Aug 12, 2010; Curses! Foiled again!

To change the subject, what is up with this sudden rush of nutbars posting tons of empty geo-engineering rhetoric over every climate change thing I see on Facebook lately?

# ? Dec 7, 2015 06:45

Tokamak: Dec 22, 2004

It's the only argument they have left.

# ? Dec 7, 2015 06:52

Laserface: Dec 24, 2004

Starshark posted:

Still salty because I told you not to use gendered insults? You'll get over it around the time your nuts drop.

OMG ageist.

# ? Dec 7, 2015 06:55

CATTASTIC: Mar 31, 2010; ¯\_(ツ)_/¯

Bifauxnen posted:

To change the subject, what is up with this sudden rush of nutbars posting tons of empty geo-engineering rhetoric over every climate change thing I see on Facebook lately?

What kind of stuff?

# ? Dec 7, 2015 07:06

Birb Katter: Sep 18, 2010; BOATS STOPPED
CARBON TAX AXED
TURNBULL AS PM
LIBERALS WILL BE RE-ELECTED IN A LANDSLIDE

Bifauxnen posted:

To change the subject, what is up with this sudden rush of nutbars posting tons of empty geo-engineering rhetoric over every climate change thing I see on Facebook lately?

Snickers are p tasty. I'm in favour of nutbars.

# ? Dec 7, 2015 07:27

TheIllestVillain: Dec 27, 2011; Sal, Wyoming's not a country

picnic is better since it has wafer

# ? Dec 7, 2015 07:32

Pickled Tink: Apr 28, 2012; Have you heard about First Dog? It's a very good comic I just love.

Also, wear your bike helmets kids. I copped several blows to the head but my helmet left me totally unscathed.

Finally you should check out First Dog as it's a good comic I like it very much.; Fun Shoe

First Dog, but only because it was specifically requested:

And kittens!

# ? Dec 7, 2015 07:33

CATTASTIC: Mar 31, 2010; ¯\_(ツ)_/¯

TheIllestVillain posted:

picnic is better since it has wafer

Wafer has zero flavour and is a pointless waste of space that could be used instead to house more nuts.

# ? Dec 7, 2015 07:34

Negligent: Aug 20, 2013; Its just lovely here this time of year.

Pickled Tink posted:

First Dog, but only because it was specifically requested:

This owns

# ? Dec 7, 2015 07:37

open24hours: Jan 7, 2001

It adds crunch, which is vital.

# ? Dec 7, 2015 07:37

TheIllestVillain: Dec 27, 2011; Sal, Wyoming's not a country

open24hours posted:

It adds crunch, which is vital.

exactly

which is why kit kat is the supreme chocolate

# ? Dec 7, 2015 07:39

Negligent: Aug 20, 2013; Its just lovely here this time of year.

Nice microagression bro, some kids have nut allergies.

# ? Dec 7, 2015 07:42

iajanus: Aug 17, 2004; NUMBER 1 QUEENSLAND SUPPORTER
MAROONS 2023 STATE OF ORIGIN CHAMPIONS FOR LIFE

Clearly Bounty/CherryRipe are the superior chocolate bars.

:colbert:

:colbert:

# ? Dec 7, 2015 07:49

TheIllestVillain: Dec 27, 2011; Sal, Wyoming's not a country

iajanus posted:

Clearly Bounty/CherryRipe are the superior chocolate bars.

fruit does not belong in chocolate

# ? Dec 7, 2015 07:56

gay picnic defence: Oct 5, 2009; I'M CONCERNED ABOUT A NUMBER OF THINGS

NTRabbit posted:

This is exactly what it is, because the US ramped up shale oil production, and kept the price low, in order to blow up the oil export-dependent Russian economy, in response to the Russian invasion of Ukraine.

Except the infrastructure needed for the increased production was being built long before the Ukraine invasion took place.

The quick and dirty summary of the analysis I've seen is that the US is increasing it's domestic production to reduce the influence of Saudi Arabia and the Middle East generally. Saudi Arabia wants to screw over Iran (because of the Sunni v Shia thing), and drive the US producers to the wall by lowering the oil price and hopefully a bit of short term pain will result in long term profit once they are among the last ones standing. Trouble is the US producers have been able to keep their costs down enough to remain profitable or have the resources to ride it out so the Saudis have been throwing away mountains of cash without much to show for it. That Russia is a victim seems to be a fortunate coincidence for the US, or at least I haven't seen anything to indicate that the low oil price is being engineered to gently caress them over in particular.

# ? Dec 7, 2015 08:10

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# ? May 23, 2024 09:06

Halo14: Sep 11, 2001

iajanus posted:

Clearly Bounty/CherryRipe are the superior chocolate bars.

:agreed:

# ? Dec 7, 2015 08:13

The Something Awful Forums > Discussion > Debate & Discussion > Auspol December : Fuck its hot.

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