Some personal news: after six amazing years at Business Insider, I’ve decided it’s time for a fresh challenge.
I’m immensely proud of what the team has achieved -- Australia was BI’s first international edition and it’s now in over 15 countries...
New Demi Lovato album is metal AF. Green Day meets Pearl Jam but with some super heavy stuff in there. Reckon we are seeing a metal resurgence and about time too
Mind-blowing. "Automated trading strategies" account for:
- 72% of trading in US equity indices
- 75% of International equities indices
- 84% of G10 currencies and
- 70% US Treasuries
We had the pleasure of witnessing one of Winter's true spectacles this evening, the starling
#murmuration
in Nobber. No video could ever capture the magic, make the time to experience it first hand 🙌.
Thanks
@bolgo101
for the capture 🎥
@ancienteastIRL
@BirdWatchIE
@Louthchat
Stop everything. The 35-year chart of Japan's unemployment rate is a map of the coastal drive around northern Australia from Port Hedland to Rockhampton
This is, and always will be, the greatest negative restaurant review ever published. The craft in the writing (articulate venom, civilised repugnance) is simply astonishing as it builds to its crushing climax.
“Senior Coalition figures now see defeating the referendum as their primary political priority to inflict political damage on the Prime Minister.
It is that ugly. It is that cynical.”
Chris Kenny today:
this is one area in which Chicago is indisputably better than anywhere else. basically no other world city has this much uninterrupted, publicly-accessible coastline this close to its core.
in total, Chicago has an incredible 26 miles or 48 kilometers of public shoreline.
The NAB survey is horrendous. This is the worst deterioration I've ever seen in its findings. Profitability collapsed from 14 to 0 in just two months, forward orders have gone negative; evidence of severe disinflationary pressures.
Supermarket price inquiry will be fun when it emerges a lot of daily produce is sold at minuscule margins, sometimes even at a loss. The money is all made elsewhere on big ticket items (as I understand it). 1/2
Journalists (including senior editors): Twitter is bad for our industry and for the political system
Also journalists: let's do a story based on a whole bunch of things random anonymous people say on twitter, embedding outrageous tweets
There are a lot of strange things about Australia - but easily the weirdest is that in a nation full of tradespeople, and a population density nearly as low as Antarctica, we don't have enough houses. Just 🤔
Kerry O’Brien says it “does not wash” to keep doing the same thing & that the Voice is our first real “chance”
O’Brien also calls out politicians who say Indigenous ppl will “abuse” their responsibility & reminds us of the real abuse of power we have today.💥
Brilliant. 😌👏👏
Take a moment to reflect on how Malcolm Turnbull managed to destroy the rebellion, even though he lost office in the process.
And they said he was bad at politics. The final act in his political career suggests otherwise.
#libspill
Again on Bannon: shutting down someone whose views you find appalling may seem like reason to celebrate when a ban aligns with your view but it is the thin end of an evil wedge if it leads to normalising censorship as a political weapon.
It's been reported elsewhere but here is some context around China's bullying of 60 Minutes in Australia.
How China tried to shut down Australian media coverage of its debt-trap diplomacy in the Pacific (via
@BIAUS
)
Everybody! Remember it's the Ides of March tomorrow and you must be following
@CSMFHT
for your annual dose of non-stop Julius Caesar themed hilarious memes. Be there or be quadratum
New from me.
The ACCC estimates that for a typical $100 spent on digital advertising:
* $47 goes to Google
* $21 goes to Facebook, and
* $32 goes to all other websites.
🙃
Podcast: Bronte Capital's
@John_Hempton
in a rare long-form interview with myself and
@Scutty
on what makes a good business -- plus some insights on the process Bronte uses to find stocks to short around the world
CBA: "We attribute the rate hike today primarily to the Fair Work Commission’s decision ... to increase the award rates of pay by 5.75%, effective from 1 July 2023."
Supermarkets making a profit means keeping people employed and opening up new stores, keeping them clean and serving communities. If they're losing money they cut jobs and shut stores.
Kid: Dad, I need a bitcoin.
Dad: What do you need $15,523 for? $12,284 is a lot of money. I mean what are you going to spend $11,340 on? Actually wait - can you hold off until Tuesday?
Queen Elizabeth The Queen Mother died at 101; The Queen died at 96. It is only an example, but it is an example of how we can no longer expect a lifespan 4-5 years longer than our parents. The reversal of fortunes is likely primarily driven by COVID.
Overall margins are like 2-3%. Coles and Woolies employ something like 300,000 people directly. Then there's all the costs of transport, storage, property - getting stuff on shelves daily across a country as big as Australia is incredibly complex.
As PM, I had the privilege of working with David Hurley. He is a strong and compassionate person. I congratulate him on his appointment as the next GG.
Bitcoiners are insufferable aren't they
- If you don't like Bitcoin you're stupid
- Prices are higher than [insert date]
- Something something future money
- The fact you are citing is not applicable in the context I choose
Australia's people and companies led the way on marriage equality, and now it's time for parliament to deliver by
@AMEquality
co-chairs
@AlexGreenwich
and Janine Middleton
(My emphasis)
McCrann: "It should now be blindingly clear that the key question is not whether the RBA hikes to 0.5 per cent in May – THAT'S NOW A 'DONE DEAL' – but whether it follows through with another 0.5 per cent in June."
Another crypto platform hacked and people's money getting stolen. Gee it's almost like putting your money into an imaginary asset on the internet might be risky
BREAKING: Curve Finance website has been compromised
The fake website directs users to approve a malicious contract, which is then able to drain assets from users’ wallets.
DO NOT interact with the protocol frontend until further notice.
Stay safe people.
For all the conservative push against same sex marriage, there's just one Liberal seat that voted no. Are the conservatives listening to their electorates or just their branches?
Head of the IMF warning about the "abuse of consumers’ financial illiteracy" in the crypto world.
Don't crypto types have powers of financial super-literacy?
@PetefromHayNSW
Two in every 100 high quality mortgages issued last year are now in arrears.
This is absolutely on track to be worse than the GFC impact which you can see in the 2007 origination line
This idea that somehow the public somehow shouldn't be told the Deputy PM had an affair with an (ex) staffer and now they're having a baby ... come on.