A bloke bought a sheep property of half a million acres in western Queensland for $2.0 million. Instead of running sheep on it, he now gets $350,000 per annum under the federal government’s Direct Action scheme for not using the grass on his property. The idea being that the grass locks up carbon and reduces Australia’s carbon emissions. A neighbouring property gets $600,000 per annum.
Congress has passed and sent to President Donald Trump a bill that increases sanctions against Russia, particularly its energy sector, and against Iran and northern Korea. It also adds limits Trump’s ability (and State’s) to ratchet those sanctions up or down in real time in response to Russian—or Iranian or northern Korean—behavior, a fillip that adds a question to whether he’ll sign it (his veto likely would only delay the thing; the bill was passed with veto-proof majorities in both houses).
Lisa Murkowki is a Republican Senator from Alaska who voted against even opening debate on repeal and replace of Obamacare.
Murkowski has betrayed her constituents. She betrayed them this week by trying to block debate on repeal and replace. Or, she betrayed her constituents when she lied to them in 2015 with her vote in favor of repeal in the full knowledge that her vote didn’t matter because then-President Barack Obama (D) would veto the matter.
In a Wall Street Journaleditorial about Republican Senators’ timorous attitude toward actual repeal and replace of Obamacare now that what they do matters, the editors had this remark toward the end of their piece:
One vote to watch would repeal ObamaCare with a two-year window to replace it, which is similar to a bill that 51 Senate Republicans voted for in 2015. We’ll see how many have changed their minds.
We’ll see how many have changed their minds. The rest of that sentence is this: …now that their vote has actual consequences, and they can’t hide behind their virtue signaling.
It’s already paying dividends for the EU in the form of potentially extensive free market reforms as the continent begins to compete with a freed Great Britain for commerce. Here are some doings in the competition for the financial industry currently centered in Great Britain.
France has promised changes to cut labor costs and Italy is changing its tax regime to make it less burdensome for bankers and other professionals. Spain’s markets regulator is trying to make Madrid more international by hiring native English speakers to revise and edit all communication the agency sends out in English.
Is technology—automation—really going to kill jobs? No. As many, including me, have written before, automation is only going to shift the nature of jobs. Minimum wage laws are killing jobs, and will continue to and at increasing rates, by making robots cost effective despite their high up-front costs.
Wal-Mart, for instance, used to employ humans to track individual stores’ cash and manage their books. Now at roughly 4,700 Wal-Marts, roughly 4,700 of those employees have been replaced by a machine that can track the books and while counting bills and coins at rates of 480 and 3,000 per minute, respectively. Because it’s Wal-Mart, those folks, where they’ve wanted to, have taken jobs elsewhere in their store at the same pay, but those jobs are at risk, too. Cashiers are being replaced by automated check-out stands, for instance.
The positions are being eliminated, and the incumbents aren’t being offered positions elsewhere on the government’s teat payroll. The horror. The union-demanded, if not God-given, sinecures are not sinecures, after all. American Federation of Government Employees Local 704 President Michael Mikulka is quite vocal with his dismay.
EPA wants over 1,200 of us to leave, purportedly to save money going forward and claiming that they no longer need the positions occupied by staff that in some cases worked at EPA for over 30 years[.]
…to sweep the ones we can’t trust from the Republican Party of Castrati and from Congress.
When Republicans voted on the repeal-only bill in 2015, they knew Mr Obama would veto it, making their vote largely symbolic. Of the GOP senators currently in the chamber, 49 voted for it at the time. …
Moreover, many GOP lawmakers have already acknowledged that they would vote differently now that the stakes are far higher….
Now that these persons have to take action more concrete than virtue signaling, they’re exposing themselves as porch dogs. They’re betraying their country, and more specifically, they’re betraying their constituents, to whom they promised for the last seven years, they’d repeal Obamacare and replace it.