Tuesday, March 18, 2014

Short Kicks: Is everybody happy?

- On one hand, we have the right saying that the market will decide so we don't need anti-discrimination laws to prevent gays having weddings in Arizona from being denied service by cake bakers. On the other hand, we have the market deciding that anti-gay discrimination is bad in Boston as the beer industry sides with its customers in gay bars, yet the right is up in arms in horror at the supposed misuse of market power. Which is it, wingnuts?

- The backlash of snark (snarklash? backsnark?) against the New New Media continues, with Wonkette making fun of Vox.com's launch video featuring Matt Yglesias in an admittedly terrible Happy Hammond style tartan blazer, Ezra Klein slammed for hiring a self-hating gay columnist clickbaiter, and Balloon Juice fact checking Nate Silver's allegorical use of a fox as FiveThirtyEight's new logo. The unresolved sexual tension is getting rather steamy in the Web media industry in America at the moment, leading up to the launch of these new titles. Pity we don't have anything like that happening in Australia - chatter about the Saturday Paper since its launch seems to have disappeared.

- Stephen Koukoulas is still swinging the cudgel lustily on behalf of his prediction that the economy is going to turn around and rate cuts will happen this year, maybe as early as May, and he's had plenty of material to work with from recent economic data. His prediction is that in 12 months' time, interest rates will be a full point higher and the Aussie dollar back at parity. That set of numbers would have major implications for the Australian economy as our manufacturing base would continue to be hollowed out, which would blow out budget expenditures. Would revenue bounce back, though? Only if Joe Hockey raises taxes, and/or closes loopholes like the Double Dutch/Irish lurk used by Google, Apple and other multinationals. Given that this government's policy is evidently to do absolutely nothing until they get a mandate after the next election, I would advise not holding one's breath.

1 comment:

  1. No, no, monty. Sinclair Davidson thinks corporations not paying more than a pittance of tax on tens/hundreds of billions of dollars is just something that everyone should ignore as all too hard and not particularly unjust or unreasonable and be dealt with by governments just cutting spending.

    A policy approach to running government is very simple when it comprises only "small government - always good. Taxes - always bad."