recycles the official spin you have to wonder at journalists' competence: (more…)
An increasingly unhinged Australian mainstream media, with a few honourable exceptions, has been revving up the scary-o-meter in recent days about this country facing a future of debt, deficits and public penury for as far as the eye can see.
“A decade of deficits spells a bleak future for Australians,” was the headline on the increasingly tabloid ABC television news, warning of a crisis bigger than the one where Bates went to jail in Downton Abbey. I spluttered over my warmed up risotto (my lovely wife was out at the movies) and quickly checked my Bloomberg terminal.(more…)
small business initiative, checks lazy government waste and puts downward pressure on interest rates for working people? Me sir! Me sir! Just bend me over the desk for a moment and flash me your fiscal rectitude. Isn't the state of economic journalism clear by now? After the earnest and profound economic policy debates of the 1980s, we seem have devolved into a pale imitation of that in our modern political discourse - one in which one side and then the other stage a predictable pantomime that bears little resemblance to our lived reality. (more…)
What did the International Monetary Fund say about the Australian economy? We’re heading for a severe slowdown. No, wait! We’re better placed than anyone. Hold on, that’s not right! Julia Gillard is putting a brave face on a grim outlook.
In an age when the source material for most news events is freely available on the web, it is surprising that media organisations continue to spin multiple versions of agreed facts to suit their own ideological positions.(more…)
The Holy Grail (these days the Kennedy Room, I'm told) to get stonkered till 3am. (more…)