As it's more than 100 days now, it has been suggested that a new thread was needed. The current govt has been breaking promises and telling lies at a rate so fast it's hard to keep up.
This below is worrying, "independent" pffft, as if your own doctor is somehow what? biased, it's ridiculous. So far there is talk of only including people under a certain age 30-35, for now. Remember that if your injured in a car, injured at work or get ill, you too might need to go on the DSP. They have done a similar think in the UK with devastating consequences.
and this is the 2nd time recently where the Govt has referred to work as welfare???? So when you go to work tomorrow (or tuesday), just remember that's welfare.
http://www.abc.net.au/news/2014-04-20/disability-pensioners-may-be-reassessed-kevin-andrews/5400598
Independent doctors could be called in to reassess disability pensioners, Federal Government says
The Federal Government is considering using independent doctors to examine disability pensioners and assess whether they should continue to receive payments.
Currently family doctors provide reports supporting claims for the Disability Support Pension (DSP).
But Social Services Minister Kevin Andrews is considering a measure that would see independent doctors reassess eligibility.
"We are concerned that where people can work, the best form of welfare is work," Mr Andrews said at a press conference.
"The only thing I will add to that is that I do not support Shorten in his race-to-the-bottom politics regarding asylum seeker boat turn-backs."
"......... race-to-the-bottom ......."
A somewhat unfortunate phrase I would suggest. Thankfully not applicable under Abbott's policy, and wisely now adopted by Shorten.
However, being a devout cynic, I consider that the "70%" figure mentioned earlier would have featured not a little in both parties policy stance.
I will shortly display a 10 year version of the above, which while being rather "advanced" , is indicative of a decadal odour index !
......................................................................................................................................
Don't worry about posting a 10 year version . . . just return to post us the graph which reflects CBA's status next week when they release their annual profit report.
. . . "The lack of enthusiasm from big institutional investors, and a surprise increase in bad debt provisions, were behind today's (ANZ) plunge.
The Commonwealth Bank was also down almost 4 per cent, but if Thursday's more than 3 per cent slide is added in, it has been hit just as badly by ANZ's capital raising as ANZ has.
That is because the Commonwealth delivers its annual profit report next week and analysts are expecting an even bigger capital raising than ANZ."
http://www.abc.net.au/news/2015-08-07/asx-slide-led-by-major-bank-slump/6681798
"yep, the Chinese stock market is doing really well"
Again I will mention period and trend, not one-off media C&P without consideration.
Yes the Chinese stock market is volatile/falling but the recent falls are still less than the meteoric rise over the past year, and the Chinese government are at least attempting to control the market rather than our past GFC fiasco.
It must be remembered that most of the Chinese market covers internal transactions, not international, and as the LINK also mentions:
"In isolation, the Chinese stock market presents little risk to the overall economy due to the low level of total stock ownership. The real risk comes from merging with other ongoing weakness, such as excessive indebtedness, in the Chinese economy"
The latter I would see as academic considering China has currency reserves (largest in world) of nearly 4 trillion dollars
