SKY NEWS AM AGENDA
MONDAY, 13 AUGUST 2018
SUBJECTS: NEG and coal-fired power stations, Government donation of $444 million to the Great Barrier Reef Foundation.
KIERAN GILBERT: With me now is the Shadow Assistant Treasurer, Andrew Leigh. Thanks very much for your time. The Government looks like it's going to be adopting the competition watchdog approach of providing finance underwriting, new dispatchable power whether it be coal or gas. What's Labor's view of that which was a recommendation by the ACCC and Rod Sims?
ANDREW LEIGH, SHADOW ASSISTANT TREASURER: Let's be careful about misinterpreting the ACCC, Kieran. Certainly there is no private sector appetite for building more coal fired power plants. It seems strange that an ostensibly market-based party in the Liberals would be proposing that we spend taxpayer money on new coal fired power plants. It's true around the world where you're seeing a drop off in coal demand as countries move to meet their Paris targets. Australia has seen rising energy prices and rising emissions under the Liberals. We need to make sure that we are doing our part to bring down emissions otherwise other countries -
GILBERT: When you say don't misinterpret, what else do you mean by that? From what I read of that competition watchdog review of energy price recently, he said there needs to be a capacity for federal government to underwrite new dispatchable power sources. You don't agree that that was the outcome?
LEIGH: I don't see anything in the ACCC report that suggests the taxpayer dollars should go to fund new coal-fired power plants, Kieran.
‘FIVE NEW IDEAS ABOUT INEQUALITY’
OUT OF THE ECHO CHAMBER DAY
MELBOURNE ABORIGINAL YOUTH SPORT AND RECREATION CO-OPERATIVE, FITZROY
7 AUGUST 2018
Over the weekend, I read an intriguing story about the increasing size of superyachts. The article noted that one of the richest men in Australia has over recent years upgraded from a 21-metre long sports cruiser to a 27-metre flybridge cruiser. His latest is a 73-metre Hasna superyacht, worth $75 million. But it’s not the biggest privately owned yacht in Australia. Another rich-lister owns a 74-metre Italian-made yacht.
Yet as investment banker Mark Carnegie notes, no matter how large they get, ‘someone’s always got a bigger one’. Carnegie observes that people buy these megaboats ‘as a means of transport; a place to sleep; a venue to entertain; a floating activity centre; and, most important of all, to show off.’
In the world of luxury boats, one expert observes that ‘the client who 15 years ago would have been satisfied with a 40-metre yacht, which would then have been one of the largest yachts in the bay, is now surrounded by dozens of yachts of 60-70 metres, and this plants the seed that he really ought to upgrade.’ The world’s largest yachts now include multiple swimming pools, submersibles, jet skis, concert halls and dance floors. Running costs alone can be millions of dollars per year.Read more
Moving to Gungahlin
The Chronicle, 7 August 2018
In 1991, when it was officially launched as Canberra’s fourth town, Gungahlin had less than 400 residents. Now, it’s home to more than 70,000.
Originally spelt ‘Goongarline’, the region’s name means ‘white man’s house’ or ‘little rocky hill’.
As one of the fastest-growing parts of Australia, Gungahlin has plenty to recommend it. For those who like to exercise, there’s an Olympic-sized pool, a popular Saturday Parkrun and a flying fox at Yerrabi Pond for the kids. The strength of community is demonstrated by the active Gungahlin Community Council, and active faith groups at the Uniting Church, Anglican Church, Presbyterian Church and the Gungahlin Mosque.Read more
TRUMP UPS THE ANTE IN TRADE WAR
Sydney Morning Herald, 2 August 2018
After campaigning hard for tariffs on imported washing machines, US manufacturer Whirlpool was delighted in January when the Trump administration imposed new import duties. Whirlpool chief executive Marc Bitzer told an investor call: "This is, without any doubt, a positive catalyst for Whirlpool." The company’s share price jumped by about 10 per cent.
A few months later, things weren’t looking so rosy. The Trump administration announced that it would impose steel tariffs: meaning that the price of one of Whirlpool’s main raw materials would increase substantially. According to the Wall Street Journal, Bitzer warned investors in April that "there continues to be uncertainty regarding potential future tariffs and trade actions". Whirlpool’s share price had fallen by about 20 percent.
But the biggest losers weren’t shareholders, they were consumers. In the three months to the end of June, prices of washers and dryers in the US rose by one-fifth, the largest increase in more than a decade.Read more
FUTURES OF SENTENCING AND INCARCERATION WORKSHOP
University of Queensland, 1 August 2018
I acknowledge the traditional owners of the land on which we meet today and pay respects to elders past and present.
My focus on mass incarceration is not as a lawyer or as a justice scholar. In fact, it is now a little over 20 years since I did my last day in the law. I finished up as Michael Kirby's Associate in the middle of 1998. My focus instead is as an economist who is concerned about the issues of poverty, disadvantage and inequality in Australia. It is becoming increasingly inescapable that you can't take a serious look at inequality and deep poverty in Australia without understanding what's going on with mass incarceration. In order to put a picture of what's going on together, I went back to trace the trends on the rates of incarceration in Australia. And in this, I also want to acknowledge the economist Saul Eslake who has helped build the long-run series back to 1900.
These days, the Australian Bureau of Statistics measures incarceration as a share of the adult population. But because of data limitations, I’m going to discuss today the incarceration rate as a share of the total population. In 1900, just a generation after the end of transportation, Australia incarcerated 0.126% of the population. By 1920, that had more than halved to 0.051%. It stays at about that level over the course of the next seven decades. Indeed, as recently as 1990, Australia's incarceration rate was only 0.077%. But in 2000, it had risen to 0.113%. By 2010, it was 0.133% - a doubling in just two decades. One of the first private member’s motions I moved was in 2011, on the topic of reducing crime and incarceration. Since then, the incarceration rate has risen by one-quarter, to 0.167%. That is the highest rate since Federation.Read more
Malcolm Turnbull has had one big economic idea since he became Prime Minister - Transcript, Sky News
MONDAY, 30 JULY 2018
SUBJECTS: Braddon and Longman by-elections; Newspoll; Corporate tax cuts; Labor’s economic plan.
KIERAN GILBERT: This is AM Agenda, with me now the Shadow Assistant Treasurer, Andrew Leigh. Thanks very much for your time. Obviously I spoke to Bill Shorten earlier, he's very happy this morning understandably given how much was at stake that week on Saturday, the Super Saturday by-elections.
ANDREW LEIGH, SHADOW ASSISTANT TREASURER: As he should be. Bill campaigned extraordinarily hard, particularly in Braddon and Longman but also in Mayo, Perth and Fremantle. We've seen this result not only a reinforcement of Bill's positive plan but also an utter repudiation of Malcolm Turnbull and Turnbullnomics. This idea that a big company tax cut is going to be good for the Australian economy has been rejected by many economists and now rejected by thousands of Australian voters.
BRENDAN O’CONNOR MP
SHADOW MINISTER FOR EMPLOYMENT AND WORKPLACE RELATIONS
MEMBER FOR GORTON
ANDREW LEIGH MP
SHADOW MINISTER FOR COMPETITION AND PRODUCTIVITY
SHADOW MINISTER FOR TRADE IN SERVICES
SHADOW MINISTER FOR CHARITIES AND NOT-FOR-PROFITS
MEMBER FOR FENNER
LABOR SENATOR FOR QUEENSLAND
WHILE THE LNP DITHERS ON DIRECTOR IDS, DODGY DIRECTORS KEEP BURNING THEIR CREDITORS
Reports this week that Longman One Nation candidate Matthew Stephen sold his company to an Irish backpacker who had left the country two years earlier are a stark reminder of the need to crack down on dodgy phoenix activity.
Scott Morrison's politicisation of Treasury is nothing short of disgraceful - Transcript, Sky AM Agenda
MONDAY, 23 JULY 2018
SUBJECTS: Braddon and Longman by-elections; Superannuation; Regional migration; Politicisation of Treasury.
TOM CONNELL: Joining me now in the studio is Labor frontbencher, Andrew Leigh. Thanks for your time.
ANDREW LEIGH, SHADOW ASSISTANT TREASURER: Pleasure, Tom. Great to be with you.
CONNELL: I know you just love talking about the polls, it was an interesting one with Anthony Albanese and Bill Shorten, is this the most pressure Bill Shorten has been in since the last election maybe?
LEIGH: The job of an Opposition Leader is probably the highest pressure job in politics, Tom. You’re both the central critic of the Government and also the alternative Prime Minister. Bill has done that remarkably well over the last five years, bringing together the Labor team, putting out positive policies. He'll be leading us to the next election and he'll be the next Prime Minister.Read more
TURNBULL GOVERNMENT ALL TALK AND NO ACTION ON ILLEGAL PHOENIXING
The Turnbull Government have today finally released 2015 costings of how much dodgy phoenixing activity costs the economy – yet they are failing to take action to stop it.
In 2012, phoenix activity was estimated by PWC to cost as much as $3 billion. PWC’s 2015 report – belatedly released by the Turnbull Government today – puts that figure at $5 billion.Read more