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Lol free speech
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Sep 28, 2018 07:11
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My baseless guess is that investors are assuming that the LNP isn’t going to do poo poo about the findings and I’d say they’re right, too
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Sep 28, 2018 07:13
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Anidav posted:
Uh? Any market watchers, day traders or economists want to explain what's happening here? Don't scandals normally drive stocks down.
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Sep 28, 2018 07:24
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I think it means they either believe the government will do nothing so they are doubling down or they are pumping the big 4 up so they can dump they later for sick profits when the full report comes out
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Sep 28, 2018 07:28
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Anidav posted:I think it means they either believe the government will do nothing so they are doubling down or they are pumping the big 4 up so they can dump they later for sick profits when the full report comes out what wouldn't the full report tank prices leading to a loss?
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Sep 28, 2018 07:40
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AbortRetryFail posted:
Tim's more into wolves than bears.
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Sep 28, 2018 07:46
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MysticalMachineGun posted:what They will dump it just before full release. Royal Commission won't cause trading halts meaning it's basically a legal pump and dump
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Sep 28, 2018 07:47
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gently caress off Fraser Anning.
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Sep 28, 2018 07:47
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Here is fool.com.au's take: The share prices of our largest financial institutions have surged after the release of the interim report from the Hayne Royal Commission this afternoon. The share price of Commonwealth Bank of Australia (ASX: CBA), Westpac Banking Corp (ASX: WBC), National Australia Bank Ltd. (ASX: NAB) and Australia and New Zealand Banking Group (ASX: ANZ) rallied between 1% and 2% at the time of writing. This is the relief rally that bank stock supporters have been waiting for as Commissioner Kenneth Hayne saved his most damning criticism for the market regulator, the Australian Securities and Investments Commission (ASIC). While the interim report acknowledged that the banks, including AMP Limited (ASX: AMP), have put profits before people, it was highly critical of the inaction from ASIC as the industry’s policeman seemed more interested in giving the financial institutions a slap on the wrist instead of taking them to court. There’s no doubt that the banks have acted badly but blaming them is like blaming a spoilt child for bad behaviour instead of looking at the parents for answers. If you wanted to know where the banks’ bad culture has come from, it was nurtured by ASIC as the regulator has too often looked the other way. There is one thing you can always count on – and that’s for people to always act in their own self-interest. This is why we shouldn’t be surprised at the banks’ bad behaviour and it explains why self-regulation seldom works. However, the relief rally in the sector may be a little premature (although understandable as the shares of the big four plus AMP have been significantly de-rated) as the interim report made no specific recommendation on how to prevent a repeat of bad behaviour in the sector. That will come in the final report to be issued next year. What is likely though are tougher penalties, more stringent compliance for institutions and easier channels for consumers to lodge complaints against these companies. This means there will be no way for AMP and our banks to escape a lower profit growth environment given that their earnings growth had received a material uplift from unscrupulous and aggressive practices. This is even before we consider the added compliance cost, class action lawsuits, higher rates for bank funding, increases in bank provisioning and a falling property market that could remain in the doldrums till 2020. Having said that, the time to buy the banks may not be far off. If the October reporting season is more benign than expected, and the fall in house prices starts to slow, that will be an indicator for me to become more upbeat on the sector.
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Sep 28, 2018 07:54
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Good
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Sep 28, 2018 07:59
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https://twitter.com/_robcorr/status/1045461134252204032
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Sep 28, 2018 08:08
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Man poo poo is really hosed at the moment. Thank god I had a public holiday today not to think about it all.
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Sep 28, 2018 08:38
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Anidav posted:
Honestly, SBS deserves to be dismantled for creating a dedicated food channel and then never actually playing any OG Iron Chef on it. That should have been like a third of the programming
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Sep 28, 2018 09:17
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Box of Bunnies posted:Honestly, SBS deserves to be dismantled for creating a dedicated food channel and then never actually playing any OG Iron Chef on it. That should have been like a third of the programming https://www.youtube.com/watch?v=F9j3iDzAs4I
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Sep 28, 2018 09:24
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No it must be on SBS or it won't count
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Sep 28, 2018 09:39
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I mean yeah, there are tons of other ways out there to watch it, but it just isn't the same, y'know
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Sep 28, 2018 09:48
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https://twitter.com/AusElectoralCom/status/1045578303568936960
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Sep 28, 2018 10:43
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Full battery, good reception, a minute on the clock, A+ screenshot.
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Sep 28, 2018 10:49
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Box of Bunnies confirmed in priority guillotine queue.
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Sep 28, 2018 10:49
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Cartoon posted:Box of Bunnies confirmed in priority guillotine queue. That's fine, I volunteer
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Sep 28, 2018 10:52
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Anidav posted:How does merging the two benefit the LNP? One budget to cut? More positions to stack with mates? You can sell off half the spectrum (SBS channels) to a new network.
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Sep 28, 2018 12:11
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http://www.abc.net.au/news/2018-09-28/newspaper-sued-defamation-child-photo-youth-crisis/10316664quote:An Alice Springs newspaper is being sued after one of its employees took a photo of a 10-year-old Aboriginal boy standing behind a fence at a sports oval and then used it to illustrate a front-page story special on a youth crisis.
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Sep 28, 2018 13:25
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My first car was a stick
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Tim Wilson is really mad that South Park aka porn for lovely edgelords with a very simplistic understanding of the geopolitical landscape is on a publically owned network.
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Sep 28, 2018 13:29
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Suck it Anning. quote:The Facebook page of One Nation-turned-Katter's Australia Party senator Fraser Anning has been removed, after apparently breaching the platform's community standards.
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Sep 28, 2018 13:43
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"Mark ZUCKERBERG (in case you missed it, the JEW)"
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Sep 28, 2018 14:14
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I can only assume Anning is calling for social media to be nationalised. I agree entirely
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Sep 28, 2018 14:16
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fiery_valkyrie posted:Suck it Anning. He's free to publish this poo poo on his own website. How can you be this dumb and not accidentally kill yourself making toast?
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Sep 29, 2018 02:16
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Every time I see an article about a court case for a seriously ill refugee to be allowed to come to Australia for medical treatment that is opposed by the government, I wonder how much money gets spent on these cases given the government always loses and must know by now that they will continue to lose. Turns out it’s a lot and it’s getting worse. quote:The federal government spent more than $320,000 in legal costs last financial year on challenging requests for urgent medical transfers of asylum seekers and refugees on Nauru and Manus Island.
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Sep 29, 2018 03:19
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Also, is the Saturday Paper a good source? Because this was an interesting read. quote:The federal government’s decision to grant $444 million in Great Barrier Reef protection funding as a lump sum to a private foundation came after then treasurer Scott Morrison insisted it was the only way to avoid the grant delaying a return to surplus and undermining the government’s economic credentials. The full article has a lot more detail. https://www.thesaturdaypaper.com.au/news/politics/2018/09/29/exclusive-morrison-set-reef-grant-terms/15381432006927
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Sep 29, 2018 03:29
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 ?https://www.thesaturdaypaper.com.au/news/politics/2018/09/29/exclusive-morrison-set-reef-grant-terms/15381432006927 quote:The terms of Malcolm Turnbull’s $444 million Barrier Reef grant were set by Scott Morrison, who as treasurer insisted the money not go to a Commonwealth agency.
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Sep 29, 2018 03:30
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Saturday Paper is a very good source and 8s probably correct. I wish I could afford a sub
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Sep 29, 2018 03:31
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If I were a rich man I would sub to SP, AFR and maybe Crikey/Bloomberg 
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Sep 29, 2018 03:37
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you should only sub to a proper dom who respects you
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Sep 29, 2018 04:25
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thatbastardken posted:you should only sub to a proper dom who respects you buuuut what about my twitch monies?
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Sep 29, 2018 04:42
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BBJoey posted:My baseless guess is that investors are assuming that the LNP isn’t going to do poo poo about the findings and I’d say they’re right, too LNP will address the findings by creating a government funded ethics incentivisation scheme, whereby banks receive financial rewards for (self-reported) ethical behaviour.
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Sep 29, 2018 05:33
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Protip: open every article you want to read on the Saturday paper in a new tab, then click on read your one free article for the week in each tab.
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Sep 29, 2018 06:00
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Supporters of right-wing politics are prettier, more confident and satisfied than those on the left, conservative commentator Daisy Cousens has told a libertarian conference in Brisbane on Saturday. Ms Cousens pointed to research, including one study published in the Journal of Public Economics, which found a link between right-wing politicians and good looks. Researchers found good-looking people were more likely to earn more and wealthier people tended to oppose redistributive government policies. They also said attractive people might receive better treatment than other people in society and therefore saw the world as more just. Ms Cousens, speaking at LibertyFest at Royal on the Park, said the “leftie researchers” came to those conclusions because they were “annoyed because their side is the ugly side of politics”. “They’re like, oh well, fine then, that’s because you’re evil, that’s why you’re prettier than me,” she said. A male audience member had claimed feminists were “generally pretty unattractive”, including their personalities, and said “no man is ever going to touch them”, before asking for Ms Cousens’ opinion. Ms Cousens said people on the right were on average more attractive because they were more confident. “Particularly the women, and have a much more grounded sense of self, and are not afraid to let men be men and women be women,” she said. “And if you have a really great sense of self-satisfaction and you’re not feeling like you’re constantly struggling and you’re happy to acknowledge the differences between people, well of course you’re going to have a nicer personality because you’re going to be happier.” Ms Cousens said there was a complex among feminists that equated unattractive personalities to unattractive looks, although not always. “It’s a confidence issue and it’s a lack of kind of self-groundedness and self-satisfaction,” she said. Ms Cousens also took aim at what she described as the “identity politics oppression Olympics”. She said there was a “victimology scale” where straight white males were at the bottom, while black women, trans and gay people had more “victim points”. "Those at top of the scale are granted the loudest voice and allowed to express themselves in whatever way they want," she said. "So they can be as crass, as bitchy, as bigoted and as spiteful as they choose. "But because they have accrued the most victim points, nobody is allowed to reprimand them." Ms Cousens said people at the bottom of the scale were condemned to sit in silence while they were bullied and unable to defend themselves against a barrage of hatred for simply existing in the wrong form. She said straight white men were used as a scapegoat. “The modern left still thinks we’re in the '90s, they still think white men are the absolute most advantageous people ever and that we’re still fighting against the Christian right, they have this thing on about Christians,” she said.
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Sep 29, 2018 08:05
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https://twitter.com/ScottMorrisonMP/status/1045914745834942464
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Sep 29, 2018 08:06
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gently caress off Daisy Cousens.
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Sep 29, 2018 08:07
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Anidav posted:Supporters of right-wing politics are prettier, more confident and satisfied than those on the left, conservative commentator Daisy Cousens has told a libertarian conference in Brisbane on Saturday. The point of this study just went right over her head didn't it? Did she also see the study that said people who support progressive policies tend to be more intelligent?
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Sep 29, 2018 08:20
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