Australia

Economic growth is an unnecessary evil, Jacinda Ardern is right to deprioritise it

This was the headline of an article CM spotted today. Of course CM wouldn’t dream of writing something that daft. To think social wellness can be achieved, let alone sustained without attention to economic growth. Magic pixie dust perhaps? Even though CM debunked the relative aspects of the Wellness Budget being considerably inferior to Australia, the left were quick to lavish praise on the the new matriarch of the woke. She is like the Obama of the Southern Hemisphere. Even regressives are progressive in the eyes of the left.

Note the NZ budget forecasts a 25% lift in tax revenues out to 2023. Income tax will rise 29.9% over the same period. Indirect taxes will jump 28.3%. That on a slowing economy and a rising unemployment rate will mean incremental taxes sting at the margin. Their data, not CMs.

Of course if the idea is to de-prioritize the economy, it can only mean that taxes as a % of GDP rise. Indeed they do from 30.6% this year to 31.1% by 2023. Compare that to 25.2% falling to 25.0% in Australia over the same period.

Effectively Australia gets way more bang for the buck on providing wellness initiatives with lower burdens on the taxpayer because that’s what happens when the economy IS prioritized. Spending on social wellbeing rises as the economy expands.

If unemployment rises (as forecast by the NZ budget) over coming years, one can imagine that wellbeing by its strictest definition should fall. One loses a job, household income falls and wellbeing declines with it, unless welfare is on a par.

Presumably if Ardern’s deprioritized economic growth leads to worse economic outcomes, she can be guaranteed that wellbeing won’t be sustainable without more shared misery in terms of debt (rising) and deficits.

As Friedrich von Hayek once said, “if socialists understood economics they wouldn’t be socialists.”

Such is the madness of the left that they believe yet again that feelings are more important than facts. Even though as “woke” as many paint Ardern, her neighbour across the ditch is already there and expected to continue to outperform. That’s because economic growth is the priority. Yet don’t expect Scott Morrison to receive any praise. He is the wrong gender, skin colour and religious affiliation for starters.

Ardern is unlikely to stop the 35,000 odd Kiwis that migrated to Australia last year but she maybe lucky in doubling the 40 (yes, forty) Aussies who left the land down under to live in NZ in 2018.

Zali’s feral follower shows his true totalitarian streak

Earlier this week, CM posted a picture of a non-sanctioned Zali Steggall supporter. This is the action of a real Zali Steggall volunteer. What a disgrace! How can an election turn people so feral?

Japan has the best drink driving laws – socialized punishment

NSW Police will take away one’s license for breaking drink-driving laws (even at low end) after May 20.

Japan has the best method of all. The driver is fined up to ¥1,000,000 ($14,000) and up to 5 years jail. Passengers are fined up to ¥500,000 ($7,000) and up to 5 years each for allowing the same person to drive while intoxicated. Socialized responsibility!

In 1993 Japan had 1,480 excess alcohol related road fatalities. In 2017 it was 213 (-85%). Against total road deaths of 10,650 and 3,904 respectively. Therefore drink driving fell from 14% to 5.5% of all road deaths in Japan.

In 1993 there were around 80 fatalities in NSW. In 2017 it was 42. Perhaps a socialized drink driving fine schedule would cut it further than just losing one’s license. Against total road deaths NSW had 581 and 405 respectively. Or 14% to 10% of all road mortalities over the same period.

Move Fijians to higher ground? No need

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We can take Liberal MP John Alexander’s comments about suggesting Fijians move to higher ground to escape the effects of climate change ahead of an election as poorly thought out or we can examine what is really happening. Fiji’s Prime Minister Frank Bainimarama had recently asked Australia, to stop burning coal as it was impacting water levels. Australia’s emissions are so tiny that it would have no impact at all. Still, it isn’t a bad way to ask for guilt payments. Who could forget the PNG government buying a fleet of gas-guzzling Maseratis with the $150mn in aid money from Australia? So much for saving the planet in Port Moresby!

Virginie K. E. Duvat of the Institut du Littoral et de l’Environnement, University of la Rochelle-CNRS, La Rochelle sponsored by the French National Research Agency; French Ministry of Environment, Energy and Oceans (MEEM) wrote.

Analysis “using tide gauges and satellites showed 30 Pacific and Indian Ocean atolls including 709 islands, revealed that no atoll lost land area and that 88.6% of islands were either stable or increased in area, while only 11.4% contracted.

This confirms a 2010 study by Webb & Kench which revealed,

that 86% of islands remained stable (43%) or increased in area (43%) over the timeframe of analysis. Largest decadal rates of increase in island area range between 0.1 to 5.6 ha. Only 14% of study islands exhibited a net reduction in island area. Despite small net changes in area, islands exhibited larger gross changes.

There is a growing trend of laziness in the media. Noone bothers to seek facts. See a headline, think it feeds a narrative and publish it. Truly pathetic. Yet this lack of will to make any effort will end up costing everyone because complacency breeds mistakes.

Another win for virtue signaling with zero impact

It really makes CM laugh. While we can feel all cozy about saving the planet by cutting plastic bag use, had anyone thought of the word “substitution”? That people often “reused” their free plastic shopping bags to dispose of rubbish by their desks or the bedroom. Now they need to go to aisle 9 to buy more “single use” plastic garbage bags to dispose of household waste…so reality is consumption of plastic bags has probably fallen by near as makes no difference zero.

In 2006 the UK Environment Agency did a study on the effectiveness of alternative packaging solutions to HDPE (conventional plastic bags) in terms of lowering environmental impact. It said,

The paper, LDPE, non-woven PP and cotton bags should be reused at least 3, 4, 11 and 131 times respectively to ensure that they have lower [impact] than conventional HDPE carrier bags that are not reused.”

So if conventional biodegradable plastic shopping bags are used to throw out garbage that means 6, 8, 22 and 262 days.

While we’re at it, do people realize that the majority of take away wax-lined coffee cups aren’t recycled even though you can feel good about yourself when disposing of it in the right bin? How many people elect to have their brew poured into a ceramic cup? Look next time – hardly any! The cost to recycle the 500 billion (and rising) coffee cups consumed annually is so astronomical (it is hard to separate the wax that stops the cup disintegrating because of the energy intensity involved to do so) that over 90% end up in landfill. No one talks about that 300 million tons of virgin paper used to make these cups! How many of us give it one thought when we need a shot of caffeine? Right?! Although Starbucks is trialing a 5p latte levy for those that elect to use a paper cup.

All this ban has done has inconvenience people. 60% of mismanaged plastic waste was from East Asia (i.e. China), 11% from South Asia; 9% from sub-Saharan Africa; 8% from MENA; 7% from LatAm; 3% from Europe and 0.9% from North America. Australia doesn’t even get a mention. Our impact is zero. So why the obsession to self flagellate?

Almost half of Canadians on verge of bankruptcy-Ipsos

An Ipsos poll for bankruptcy specialist MNP Ltd has shown that 48% of Canadians have $200 or less of going bankrupt each month after meeting all obligations. The poll also revealed,

“35% of Canadians say an interest rate increase would move them towards bankruptcy, while 54% said they worry about their ability to repay debts.”

This is consistent with a ME Bank survey in Australia which found only 46% of households were able to save each month. Just 32% could raise $3000 in an emergency and 50% aren’t confident of meeting their obligations if unemployed for three months.

According to Digital Finance Analytics, “there are around 650,000 households in Australia experiencing some form of mortgage stress. If rates were to rise 150 basis points the number of Australians in mortgage stress would rise to approximately 930,000 and if rates rose 300 basis points the number would rise to 1.1 million – or more than a third of all mortgages. A 300 basis point rise would take the cash rate to 4.5 per cent, still lower than the 4.75 per cent for most of 2011.”

Do you know how many homes NAB has under repossession on its books at the latest filing? Around 277. Yes, Two hundred and seventy seven. Out of 100,000s of loans.

But we needn’t worry because we have to trust our central banks will keep rates low to avoid any economic shock. Remember the current and previous US Fed Chairmen have all but guaranteed there will be no more financial crises in their life time. Either they don’t hold much prospect for their longevity or they are clutching at straws.

Sir David Attenborough’s Climate Change: The Facts

Sir David Attenborough’s narration of Climate Change – The Facts is a one hour BBC sponsored piffle fest, wonderfully timed with the Extinction Rebellion protests. It is a collection of one alarmist liners of “we’re running out of time“, “if we don’t do something now,” or “we’re at a tipping point“. You get the drift. The irony of the title is that few facts are actually presented. A lot of grandiose statements but little in the way of hard numbers. Even when numbers are presented they don’t necessarily prove anything.

Many numbers presented are selected from groups that have been caught red handed manipulating data – including NOAA, UNIPCC and BOM to name a few. Take temperatures in Australia. Sir David puts them forward as rewriting records despite far hotter temperatures recorded a century earlier. Perhaps he should have cited the Bureau of Meteorology scandal of putting a hard floor on cold temperatures.

Some supposed experts spoke of:

1) an explosion in the severity and number of wildfires. The truth is both the area and frequency have fallen in the last few decades. 90% are either accidentally or deliberately lit.

2) rising sea levels and polar melting. Analysis using tide gauges and satellites showed 30 Pacific and Indian Ocean atolls including 709 islands, revealed that no atoll lost land area and that 88.6% of islands were either stable or increased in area, while only 11.4% contracted. What sea level rise? The most experienced is around. 1mm pa. Australia’s former climate change commissioner told us a decade ago that waves would lap the rooves of 8 storey apartments despite owning a house by the water.

NASA noted in 2018 that sea ice was increasing. It said an increase in Antarctic snow accumulation that began 10,000 years ago is currently adding enough ice to the continent to outweigh the increased losses from its thinning glaciers.

3) the tragedy of coral bleaching at the Great Barrier Reef, despite it seen to be flourishing. Scientists from the Australian Institute of Marine Science in Sep 2017 surveyed 14 coral reefs between Cairns and Townsville to see how they fared after being bleached and were surprised to find the coral had already started to reproduce.

By all means watch it to see how poor a documentary can be made to sell a story of activism. Hysterics, exaggerations and bias to create fear mongering. Even the background musical accompaniment is designed to pluck at the heart strings. To be honest it’s surprising that Sir David wanted to put his name to it. In decades to come the climate scientists will still be saying we’ve got little time left to fix things.