Tips and rumours

Nov 3, 2017

Tips and rumours

Penalty-rate cuts come back to bite ... pork-barreling less hilarious than it sounds ... Oh, the F-35 seems to have problems ...

From the Crikey grapevine, the latest tips and rumours …

Sting in the retail. More evidence that if business wants to punish workers with real wage cuts, strangely enough, they won't spend a great deal. Today's retail trade data for September from the ABS shows consumers are keeping their wallets closed: retail sales turnover grew by ... nothing. Zip. Zero. That's 0% in both trend and seasonally adjusted terms. That's the third hole in the doughnut, in trend terms, in a row; the seasonally adjusted figures for the preceding two months showed falls of 0.5% and 0.3%, so at least with 0% for September we're no longer actually going backwards. Of course, it's retailers who are the most eager to slash workers' wages through penalty rate cuts and dodgy deals with the Shoppies, so you might think it's poetic justice that the sector is suffering the consequences -- but this is a sector that employs over 1.2 million of us, and they're suffering both ways.

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9 thoughts on “Tips and rumours

  1. paddy

    Hope you and the gang are all OK there in the bunker Ms Tips.

  2. zut alors

    Re the F-35: Lockheed should follow the lead of the person who invented the rectangular wheel & simply admit it was wrong.

    I trust Crikey readers will still receive occasional updates on the F-35. Now that Ben Sandilands is no longer providing aviation insight we need to hear the facts. And the Oz media, in general, does not seem interested in this subject.

    1. Rais

      Yes it looks as if China may have a plane that is less ambitious in its design but probably much more effective that the Flying(?) Heap. Reportedly they need to improve their engines but that’s just a matter of time, expenditure (so far much less than the cost of the Heap) and hard work.
      Several of the regular commenters on Ben’s sorely missed blog are very knowledgeable in the aviation field. I wonder if any of them would consider at least partially filling the gap he left behind with, say, a weekly, fortnightly or even monthly column or blog.

  3. Woopwoop

    Let this be evidence to those who, like someone I know, say there is no point voting Green because your candidate will never get in.
    Agreed, your candidate mightn’t, but their policies will – they’ ll scare the ALP into adopting them. Like what PHON did with the Liberals.

  4. AR

    Not sure that I approve of the demise of the daily Tips & Rumours. Although occasionally inconsequentional, mostly the was one kernel in the chaff.

  5. Itsarort

    Aluminium with steel fastenings equals corrosion (high school chemistry). Throw in moisture and the microscopic vibrations of the skin (carbon fibre in this case) rubbing off the passive oxide layer of the aluminium frame. Now, sit back and watch dissimilar metal corrosion eat your plane away before your very eyes. This is basic aircraft maintenance that goes back 80 years.

    1. zut alors

      It appears basics are secondary in the push to be increasingly high tech.

  6. PeteH

    The Shoppies Union is a absolute disgrace. They need to spend less time worrying about ultra-fundamentalist Roman Catholic moralising, and more time doing what their members pay their dues for.

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