hooman posted:

I'll take "unintended outcomes" for 500, thanks Jim.

Or, I'll take "cynically intended unintended outcomes" for 1000.

Basically my view is that it risks disenfranchisement of students (telling a kid in year 9 they can't get an HSC mark or risk a school saying "you won't get an HSC so we can't have you dragging down our HSC students by letting you do HSC streamed courses") for no actual benefit.

WhiskeyWhiskers posted:

Yeah definitely this. Plus there are barely any apprentice positions for 16 year olds, so they just get stuck in unemployment when they could at least be benefitting from HSC. It's a ridiculously counter-productive policy.

V for Vegas posted:

I don't know, when the State provides you with a 500 metre bus route, it can't be that bad. How will the good people of Kingsford and Daceyville survive without the 342?

Business Insider posted:

The government will continue to own Region 6 buses and assets, including depots, and set Opal fares and timetables.

Private operators will have to compete and re-apply for contracts every 5 to 10 years. The tender will begin in July 2017 and is expected to be completed by July 2018.

The minister said Sydney Buses will continue to operate three of the state’s 15 regions – 7, 8 and 9 – which includes the inner metropolitan areas of the eastern, and southern and northern suburbs, including the CBD.

quote:

OUR 10 MOST COMPLAINED ABOUT BUS ROUTES

(July 1, 2015 to June 30, 2016)

400 — Burwood to Bondi Junction via Airport: 658 (complaints)
418 — Burwood to Bondi Junction via Ashfield: 613
440 — Rozelle to Bronte via Central — 510
423 — Earlwood to City: 393
412 — Campsie to City via Earlwood: 375
492 — Drummoyne to Rockdale: 374
461 — Burwood to City via Parramatta Rd: 306
470 — Lilyfield to City via Annandale: 276
438 — Abbotsford to City via Leichhardt: 274
422 — St Peters to City: 269

Bogan King posted:

I'm sure that the everything else Brandis has done has helped drive nails into the coffin. He doesn't exactly scream success.

DancingShade posted:

But stripes are so slimming.

No no vertical stripes Georgie boy. Vertical like all the books you own that are safely stored pristine on those fancy bookshelves.

Some Psychology URL posted:

It’s a common belief that if you want to appear slimmer than you actually are, you should wear clothes with vertical stripes. The classical pinstriped business suit would be an example of this sort of clothing masquerading a few extra pounds.

It turns out that this folk belief is fundamentally wrong. A square composed of horizontal lines appears taller and narrower than an identical square made up of vertical lines.

This illusion was discovered by Hermann von Helmholtz in 1925, and is also known as the Helmholtz illusion. Helmholtz’s explanation of the illusion was that a filled out area looks longer than an unfilled area of the same size. His thought was that the figure with horizontal stripes looks filled and hence longer from bottom up, whereas the square with vertical lines looks filled and hence longer from left to right. This then generates the illusion that the square with horizontal lines is taller and slimmer than the same-sized square with vertical stripes, which looks short and fat.

Bogan King posted:

Queensland Greens polling as well as Victorian Greens.

Doctor Spaceman posted:

I think that route is outside the region that's affected by the change.


Sydney transit regions.

Gee it's like Parramatta Road is a shitfight

Lid posted:

Yeah thats like a wheres where of crossing Parramatta Road

quote:

ome loans to investors have fallen to the lowest level in 10 months following a regulatory clampdown and the Turnbull government's efforts to cool the Sydney and Melbourne housing market.

Figures released by the Australian Bureau of Statistics on Monday show home loans to investors as a proportion of all loans dropped 1.25 per cent in March to 48 per cent, down from a high of over half of all home loans in January.

The slide has triggered a dip in property prices across five of Australia's capital cities, fuelling speculation of the end of the property boom.

The latest results from CoreLogic show the price of homes across Sydney, Melbourne, Brisbane, Adelaide and Perth falling by 0.5 per cent for the week and 0.9 per cent for the month.

Sydney's house prices had not fallen in 18 months prior to April, while the number of home loan approvals fell 0.5 per cent in March, dashing expectations of a flat result. Overall, the total value of lending to investors moved slightly higher in March after a 5.7 per cent fall in February.

The figures have been released a week after the federal budget placed further restrictions on the market.

The government has targeted investors by limiting the depreciation of equipment and travel costs they can claim with rental properties, restricting the number of foreign buyers in new developments, reducing capital gains tax concessions for foreigners and placing a levy on foreign owners who leave investment properties vacant.

The numbers also reflect the reaction of the big four banks to comments by Treasurer Scott Morrison in the last week of March after he voiced concerns over the "sharp increase in the level of investor credit", and that measures to stop the growth in risky loans put in place by the Australian Prudential Regulation Authority (APRA) had worn off.

All of Australia's major banks moved swiftly by raising interest rates on investor loans by 0.25 per cent, before sweeping measures were introduced by APRA to force banks to limit interest-only lending to 30 per cent of total new residential mortgage lending.

Since last year, National Australia Bank has had a confidential list of hundreds of suburbs including the Rocks in Sydney, and Docklands in Melbourne, where would-be home owners would have to front up with bigger deposits and stricter lending conditions.


JPMorgan has warned housing investors to prepare for a rate rise of as much as 3 per cent to cope with the new regulations.

Today's housing finance data provides a fairly strong signal that property market activity is beginning to slow.

JPMorgan economist Henry St John
"Taken with the context of last month's report, today's housing finance data provides a fairly strong signal that property market activity is beginning to slow," JPMorgan economist Henry St John said.

In further rate rise threats, banks could hike rates for both investors and owner occupiers across the board, the chief executives of the Commonwealth Bank, ANZ bank, NAB and Westpac have warned, as they threaten to pass on the cost of the $6 billion federal budget levy on banks' profits.

Prime Minister Malcolm Turnbull admitted on Monday the government would be unable to stop the banks from passing on the levy, but hoped that by exempting smaller banks, the threat of losing customers would prevent the big four from doing so.

"Really it's a combination of transparency and competition that will ensure they're under pressure to do the right thing," he told radio station 2SM.

A rate hike could hit first-home buyers who have become more competitive in the market as a result of the government's changes.

According to the ABS, the number of first-home buyer commitments as a percentage of total owner-occupied housing finance commitments rose to 13.6 per cent in March, from 13.3 per cent in February.


Of the loans made to owner occupiers, one in eight was used to build a new house, therefore increasing supply and helping to ease affordability, while only one in 12 loans made to investors was to build a new property, pushing up prices.

The government hopes that allowing first-home buyers to salary sacrifice up to $30,000 in pre-tax income into their super accounts will give them better access to the market.

But an analysis of the government's figures show that savers would be able to put away only an extra 1 per cent of the median property price in its target markets of Sydney and Melbourne under the government's changes.

Speaking at the Australian Council of Social Services on Monday, Mr Morrison repeated that there were no "silver bullet solutions to making housing more affordable", while warning that sweeping adjustments to policy settings in housing "risk cooling some red-hot markets while at the same time, causing a collapse in markets that are weak".

gay picnic defence posted:

gay picnic defence posted:

Bogan King posted:

Expect a shitload more rabid invest stories then as people try to crank the heat back up and make more money.

Lid posted:

It's... happening?

Lid posted:

It's... happening?

Bogan King posted:

Queensland Greens polling as well as Victorian Greens.

TF2 HAT MINING RIG posted:

I'm loving all the dramatic hacker footage on abc news.

gay picnic defence posted:

are there many silhouettes of people sitting in front of computer screens in darkened rooms?

gay picnic defence posted:

are there many silhouettes of people sitting in front of computer screens in darkened rooms?

Bogan King posted:

Queensland Greens polling as well as Victorian Greens.

NTRabbit posted:

I wonder which self absorbed, power hungry, unhinged sack of poo poo the top of the Greens ticket is helping to drag the SA vote down?

Anidav posted:

Don't doxx CrazyTolradi

NTRabbit posted:

I wonder which self absorbed, power hungry, unhinged sack of poo poo the top of the Greens ticket is helping to drag the SA vote down?

Bogan King posted:

https://twitter.com/MarkDiStef/status/864071468530913280

I would blow Dane Cook posted:

Which one of you made the Daisy Cousens fan page?