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Saturday, 11 August

20:33

Pastor Keith Ainge in charge of protecting children at Hillsong headquarters at Baulkam Hills, Sydney, Australia, is a Pedophile Protector "IndyWatch Feed National"

Pastor Keith Ainge and his wife Sue

Pastor Keith Ainge and his wife Sue. Pastor Keith Ainge is a Pedophile Protector. Formerly at Desert Life Church Alice Springs, Northern Territory, Australia. Now in charge of Child Protection at Hillsong headquarters in Baulkahm Hills, Sydney, Australia- a real case of a perverse snake in amongst Hillsongs children.

 

Pastor Keith Ainge who was recently put in charge of protecting Hillsongs children is in fact a Pedophile who should be charged with not reporting a pedophile to the Police and for sheltering a pedophile. The pedophile being Frank Houston, the founder of Hillsong.

Pastor keith Ainge is a Pedophile Protector, and now a crafty snake in charge of protecting Hillsongs Children.

20:24

Brendan Nelson - brilliant on Ben Roberts Smith VC MG. Well done Brendan. Lest We Forget. "IndyWatch Feed National"

The Australian War memorial director Brendan Nelson has spoken about the claims made against Ben Roberts-Smith. #7News pic.twitter.com/avcEYbnFTH 7 News Sydney (@7NewsSydney) August 11, 2018

13:50

CRIME CULTURE: Scrublands by Chris Hammer "IndyWatch Feed National"

CRIME CULTURE: A priest massacres members of his own church congregation in a drought-ridden New South Wales town. Charles Sturt University academic, Therese Taylor, explains why the newly released Scrublands is such a timely novel. [READ MORE]

06:27

Heroin "IndyWatch Feed National"

I dont use illicit drugs. Im 61. Age doesnt stop a lot of people in Bellingen, Northern Rivers, New South Wales Australia, where I live, from using illicit drugs, even heroin. Most whove used heroin for a long time are long dead.

No matter what I write, what Im writing wont stop people using illicit drugs.

But here goes

In 2010, I observed someone very close to me with very serious drug psychosis through the the window in a padded cell in the lock-up section for drug addicts and the mentally ill called Kiloh, the psychiatric ward at Prince Alfred Hospital in Randwick, Sydney. This person had been using multiple drugs in a serious drug binge lasting four months. They were mainly using very strong laced hydroponic marijuana. This type of marijuana, grown by bikies and other criminals in houses converted to drug labs, caves and the Australian bush, is at least thirty times stronger than the bush-grown marijuana we used to smoke in the 1970s back in New Zealand. Then it is laced with amphetamines or whatever these criminals have available.

I first observed someone using heroin in 1972 when I was 16. A friend has been doing a carpentry course in Huntley, near Auckland, New Zealand. He made friends with some teenagers aged about 16 from Auckland. I visited him at one of his friends houses in Remuera, Auckland, one of Aucklands most affluent suburbs. In a large bedroom on the basement level a young man was in bed resting. He got up sleepily, and injected himself with heroin, and lay back on the bed and fazed out, very high.

I was always scared of heroin and strong drugs. Many of my Auckland friends when the family moved there in 1974, used LSD. I never used it. I smoked a lot of weed (marijuana) from the age of 15 to 19, when I became a Christian. I was always Christian in a way, but I did the 70s counter-culture teen rebellion thing.

One of the home group leaders under my leadership at Christian Life Centre Darlinghurst, Sydney, the early name of Hillsong, in the 1980s, Michael Driscoll, suicided in the 1990s in Ireland. Michael went back on heroin, which he was on with his friend, the famous Australian painter Brett Whitely, and many other artists and their friends in Sydney in the 1970s, prior to Michael becoming a Christian. Jonathan Page and others helped Michael find Christ. Then in the 1990s he lost his way, moved to Ireland, went back on heroin, and suicided. I attended Michaels funeral in Neutral Bay in the 1990s.

Friday, 10 August

23:55

Australias Biggest Bank Launches Worlds First Blockchain Bond With World Bank "IndyWatch Feed Economics.au"

Australia has maintained a Blockchain-friendly position with its government-backed exploration of Blockchain technology for various applications. Now, it is getting ready to issue the worlds first Blockchain bond upon being mandated by the World Bank.

Australia to Create Distributed Ledger Bonds

The Commonwealth Bank of Australia (CBA) will reportedly create, allocate, transfer and manage the bond using Blockchain technology. The $AUD Kangaroo bond, named bond-i, will be delivered on a private Ethereum blockchain being utilized by the World Bank and CBA in Washington and Sydney, respectively. The Blockchain platform has been designed and developed by the CBA Innovation Labs Blockchain Centre of Excellence and an independent review of its technical architecture, security and resilience has been conducted by Microsoft.

The initiative is a part of the World Banks mandate to reduce poverty and promote development, as a part of which, it issues bonds worth US$50-US$60 billion annually for encouraging sustainable development. The World Bank is focused on helping countries to leverage the technology for sustainable development, and it aims to explore disruptive technologies such as blockchain to expedite its progress towards the fulfilment of Sustainable Development Goals.

A media release on CBAs website states This collaboration built on the longstanding partnership between the two organisations, with the World Banks 70-year track record of innovation in the capital markets and CBAs globally recognised Blockchain Centre of Excellence combining to deliver the project successfully.

In 2017, the CBA had issued a prototype cryptobond for Queensland Treasury Corporation utilizing its capital markets blockchain platform, and become the first government entity both in Australia and in the world to do so.

The Australian government has also been proactive in investigating the technology for its efficiency gains and implementing it across a range of sectors. The country has signed a five-year $740 million deal with IBM to use crypto and other new technologies to enhance data security. Australias Department of Home Affairs (DHA) is researching the technology, hoping to apply it in international trade and supply chain management for better security and transparency. Another area where the country is aiming to implement the technology is for tracking the provenance of s...

18:29

Coal Mining in Australia: Prospects for India "IndyWatch Feed Enviro.au"

coal 1

By Taazakhabar News Bureau

Minerals are back-bone of Australias economy. Australia is leading producer and net exporter of minerals. More than 300 mines over Australia produce over 22 varieties of mineral ores. Mining has directly or indirectly touched the lives of people and contributed billions of dollars to Australias wealth. The industry has developed 26 towns, 25 airfields, 2,000 kilometers of railway and 12 ports besides upgrading the facilities in existing ports.

Mining industry has been a catalyst for Australias economic development and is the largest source of private employment. Around 167 000 people are directly employed and almost a similar number some 153 000 are indirectly employed by the industry. The industry also serves as a spring board to leverage a number of immigrants wanting to make a fortune.

It is said to be so important that when it sneezes the Australian economy catches a cold. The industry accounts for 7% of GDP, 20% of investments and 50% of exports of goods and services.

Minerals are Australias largest export. Coal and iron ore are two of Australias largest export earners. The two types of coal mined in Australia include high-quality black coal and the lower-quality brown coal. The Black coal is mined underground in Queensland and New South Wales, and is used for domestic and overseas power generation and industrial boilers. Brown coal found in Victoria and South Australia is of lower quality due a higher ash and water content. Australia holds 8 per cent of the worlds black coal resources and accounts for 6 per cent of world production. In terms of brown coal resources Australia represent 24 per cent of total world resources. Coal is Australias biggest export commodity. Australia accounts for around 34 % of world black coal trade54% of world metallurgical trade and 18% of thermal coal trade. Almost 75% of Australian black coal production is exported. Australia has one of the largest coal reserves (76200 million ton) almost 10% of the world total.

Coal also referred to as Black Gold accounts for 25% of Australias exports. Though Coal is mined in varying quantities in almost every state of Australia, New South Wales (NSW) and Queensland account for 97% of Australias production and almost its entire black coal export. Victoria has the largest reserves of brown coal, used exclusively for power generation. The brown coal deposits in Victoria with low mining costs is one of the worlds che...

17:40

3 Friday nuggets from the SOMP "IndyWatch Feed Economics.au"

Statement on Monetary Policy

A sumptuous SOMP from the Reserve Bank of Australia today.

Particularly of interest were some useful explanations of bank funding costs, which are up a bit, if not a lot. 


Melbourne on fire

A couple of other interesting things jumped out to me. 

Firstly, we already knew that job vacancies are very healthy in Sydney and Melbourne.

In fact I was just down in Melbourne for a couple of days, and it looked to me like the economy is absolutely screaming along down there. 

I couldn't even make the weather look nice with an Instagram filter, but to witness the consumer economy down their in full swing is something else. 

It's almost as though Melbourne has been sucking the energy out of a number of the second tier capital cities in recent times, and jobs vacancies in Victoria are rapidly approaching the highest levels imaginable. 

With half of the state seemingly now getting under construction it's very much a case of full employment here we come for Melbourne. 

16:23

Dave Sweeney urges Federal government to pause and consider, rather than rushing into nuclear waste dumping in Kimba "IndyWatch Feed Enviro.au"

Slow down nuclear process: Sweeney, Whyalla News, Louis Mayfield 7 August 18  An environmentalist is urging the federal government to slow down their site selection process for the National Radioactive Waste Management Facility as a community vote looms for Kimba and Hawker.

16:00

The Weekend Quiz August 11-12, 2018 answers and discussion "IndyWatch Feed Economics.au"

Here are the answers with discussion for this Weekends Quiz. The information provided should help you work out why you missed a question or three! If you havent already done the Quiz from yesterday then have a go at it before you read the answers. I hope this helps you develop an understanding of modern monetary theory (MMT) and its application to macroeconomic thinking. Comments as usual welcome, especially if I have made an error.

Question 1:

1. Which scenario represents a more expansionary outcome:

(a) A fiscal deficit equivalent to 5 per cent of GDP (including the impact of automatic stabilisers equivalent to 2 per cent of GDP).

(b) A fiscal deficit equivalent to 4 per cent of GDP (where the automatic stabiliser component is zero).

(c) A fiscal deficit of 2 per cent.

(d) You cannot tell because you do not know the decomposition between the cyclical and structural components in Option (c)

The answer is Option (a).

The question probes an understanding of the forces (components) that drive the fiscal balance that is reported by government agencies at various points in time and how to correctly interpret a fiscal balance.

In outright terms, a fiscal deficit that is equivalent to 5 per cent of GDP is more expansionary than a fiscal deficit outcome that is equivalent to 3 per cent of GDP or 4 per cent of GDP, irrespective of the cyclical and structural components and irrespective of the presence of the automatic stabilisers.

In that sense, the question lured you into thinking that only the discretionary component (the actual policy settings) were of interest.

To see the why Option (a) is the best answer we have to explore the issue of decomposing the observed fiscal balance into the discretionary (now called structural) and cyclical components. The latter component is driven by the automatic stabilisers that are in-built into the fiscal process.

The federal (or national) government fiscal balance is the difference between total federal revenue and total federal outlays. So if total revenue is greater than outlays, the fiscal position is in surplus and vice versa. It is a simple matter of accounting with no theory involved. However, the fiscal balance is used by all and sundry to indicate the fiscal stance of the government.

So if the fiscal position is in surplus it is often concluded that the fiscal impact of government is contractionary (withdrawing net spending) and if the fiscal position is in deficit we say the fiscal impact expansionary (adding net spending).

Further, a risi...

16:00

The Weekend Quiz August 11-12, 2018 "IndyWatch Feed Economics.au"

Welcome to The Weekend Quiz. The quiz tests whether you have been paying attention or not to the blog posts that I post. See how you go with the following questions. Your results are only known to you and no records are retained.

1. Which scenario represents a more expansionary outcome: (a) A fiscal deficit equivalent to 5 per cent of GDP (including the impact of automatic stabilisers equivalent to 2 per cent of GDP). (b) A fiscal deficit equivalent to 4 per cent of GDP (where the automatic stabiliser component is zero). (c) A fiscal deficit of 2 per cent. (d) You cannot tell because you do not know the decomposition between the cyclical and structural components in Option (c)





2. When the government matches an increase in its deficit spending with debt issued to the non-government sector, the immediate stimulus to aggregate expenditure is less than would be the case if the government didn't borrow at all.


15:41

Australian prawn farmers claim biosecurity undermined by trade considerations "IndyWatch Feed Economics.au"

August 10, 2018: The ABC reports that until recently, Australia had been free of the deadly white spot prawn disease which is harmless to people but has the potential to wipe out both farmed and wild prawns. Quarantine border checks were intended to prevent the disease from being imported in raw prawns.

The ABC reports that, despite an outbreak of the disease in Queensland in 2016 documented by Four Corners, the Federal government had not revealed that two of 101 retail samples taken from Melbourne and Sydney retail outlets in May and June  2018 returned strong positives for white spot disease, while another four returned weak positives. In 2016, seven prawn farms at Logan, near the Gold Coast, had to destroy all their stock.

In contrast, when white spot was confirmed in 2016 in the wild in Moreton Bay, after quarantine regulations were tightened, the Queensland Government imposed a movement restriction order for raw wild caught prawns, crustaceans and marine worms between Caloundra and the New South Wales border.

In December 2017 a report by Australia's inspector-general of biosecurity, Dr Helen Scott-Orr, found a major biosecurity failure likely led to the 2016 outbreak. More than a $100 million of taxpayer money has since been spent on compensation, clean-up, monitoring and increased border security.

Containers of imported prawns are now required to be tested for the virus at the country of origin and again when they reach Australia, but the recent Melbourne and Sydney evidence shows this may not be effective.

The ABC reports that the Queensland Seafood Industry Association believes the differences between the response from the state and federal governments boiled down to international trade.

"Unfortunately our industry has been sacrificed on that altar of trade and it's never been good enough, said the Association spokesperson, Mr Eric Perez.

If we put restrictions on then suddenly, 'Oh well you export to our countries, what if we put restrictions on what you export out' so it is a trade issue," Mr Perez sai...

08:13

ABx Subsidiarys Aluminum Fluoride Technology To Be Licensed Globally "IndyWatch Feed Enviro.au"

aluminium

Australian Bauxite Limited (ABx) announced to the market yesterday that its wholly-owned subsidiary ALCORE Limited will have the rights to employ ALCORE technology throughout the world.

In a press release issued yesterday, ABx said that the technology, which is used in producing aluminium fluoride (AlF3), will be available to ALCORE for utilization as it builds plants abroad. The process will yield more AlF3 at a lower cost in order to meet an ever-expanding demand, especially in the manufacture of lithium-ion batteries.

Plants utilizing the process have already begun construction, with groundwork laid on such a plant in New South Wales last month. Once commissioned, the plant will produce AlF3 for the production of Corethane, a pure hydrocarbon powder derived from coal that can be used either as thermal power or in high-efficiency batteries.

ABxs CEO Ian Levy greeted the news as a major advancement in the ALCORE project and the technology it utilizes.

Step by step, ABx is bringing ALCOREs powerful new bauxite refining technology closer to becoming an important domestic producer and supplier of key AlF3 products for the Australasian aluminium smelters. However, in the longer-term, these global technology rights allow ALCORE Limited to produce AlF3 in any location globally. Creating ALCORE Limited as a project-specific subsidiary is expected to unlock considerable value for shareholders in both the short and medium terms.

ALCORE Technology also produces several valuable co-products including silica fume for the cement industry and Corethane pure hydrocarbons for energy and fuel security. Upside potential includes production of pure AlF3 for Lithium-ion batteries, iron oxide pigments, titanium oxide pigments. Further potential exists for developing ultra-pure products such as high purity alumina (HPA) for the manufacture of scratch-resistant sapphire glass for phones and computer screens.

Based in Sydney, ABx conducts operations in Tasmania, Queensland, and New South Wales. The fir...

08:07

Alcore gets license to refine "IndyWatch Feed National"

AUSTRALIAN Bauxite-subsidiary Alcore will be free to produce aluminium fluoride anywhere in the world after securing global licence rights for bauxite refining using the Alcore technology.

The technology refines raw bauxite to produce aluminium fluoride and other valuable co-products such as silica fume and corethane.

The global licence will pave the way for Alcore to build multiple plants in any locations to meet growing demand for aluminium fluoride and associated co-products.

A global spike in aluminium smelter production and the use of aluminium fluoride in lithium ion batteries is boosting demand for the product.

Site construction work for the first stage of Alcores pilot project at Berkeley Vale on New South Wales Central Coast began in July.

The first stage is designed toproduce aluminium fluoride test samples and produce corethane, which is pure hydrocarbon powder refined from low-value coals

*A subscription is needed to access the full article at https://www.miningmonthly.com/operational-excellence/news/1344248/alcore-gets-license-to-refine

 

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