Late to my own news here: I'm re-joining @politico, to launch the company into Australia.
We're heading heading Down Under🇦🇺 first with a Canberra Playbook.
More here https://t.co/UidE1pDQHi
It's easier to bully NZ — which will freak out over the dairy export implications — than to do it to Australia, UK or US.
But what becomes a precedent around NZ will morph into template to be tried elsewhere #China
Huge story. NZ Herald reporting China will sanction four NZ MPs- banning them from visiting China for a year- simply for *visiting* Taiwan. If confirmed I *think* it’s the first time China has taken a step like this. I’ve certainly never heard of it before
https://t.co/kY2yWRqtJd
Putting on my former competition official hat for a minute: Professional bodies can quite easily exhibit cartel behaviour.
Leaving aside the substance of specific whistleblowing complaints against the Big 4, competition law and practice needs to enforce level playing fields. And if there are exceptions those are only appropriate for a specific national interest or for the smaller players on the field, @BarbaraPocock
KPMG caught in a stinking mire of its own making - in a failed regulatory regime. Excellent piece by Anthony Whealy. Labor’s ’deep concern’ doesn’t cut it.
When you pay off a credit card or mortgage, the bank can’t charge you interest on repayments you’ve already made. That would be illegal. But when the government does it, it’s fine and normal.
Sign my petition today to fix HECS. We've done it before, let's do it again.
https://t.co/bi9gP8x7p1
Yes, and while we don't have polling to the level US does on this point -- it will come.
And the only solutions are to treat AI as a workplace and national conversation, focusing deployment on where everyday Australians say they would like AI support or efficiency. If it's a top-down or cost-saving exercise, it won't work: neither as a productivity gain nor as a political issue #AI
Getting to know the AI beat, one thing has come up with ordinary people, industry, politicians, academics, activists:
Most Australians do not trust AI or the people behind it. It's a big issue for an industry that needs people to adopt its products and share their resources.
Extraordinary. Wale says he couldn't even obtain a copy of China-Solomon Islands security pact until just before he departed Honiara. He's been praying" over what to do. There's an NDA in the pact. Not yet clear if he'll make it public. Wale says Solomon Islands will "review" it
It's hardly an endless debate - it's barely started. And the hardest questions are going to be around the cost.
Meanwhile Pillar 2 is going well and will in the end become the meat of it all
The endless debate over AUKUS has ramped up again after Richard Marles’ announcement that he has agreed to receive three second-hand nuclear subs rather than one brand new one and two older vessels. Meanwhile, the AFR continues to lambast last month’s budget.
https://t.co/pjOiR0iMNo
And wouldn't it be smart to co-locate some big data centres alongside mines?
... Taking advantage of the infrastructure, avoiding urban zoning battles, and giving mines a life beyond digging things up
Australia’s renewable energy boom — proudly brought to you by those notorious woke warriors… the mining industry 😂 Fortescue and Rio Tinto are building solar farms faster than the outraged deniers can yell ‘unreliable.’
https://t.co/f39Slmngqf
Join those numbers up with a drive down nearly any suburban Australian street observing how many cars are parked in and around each house.
Takeaway: there are many houses with too many people in them (often kids who can't afford to leave), counter-weights to the many 1 and 2-person households (some who can't afford kids) and empty houses
What's the next step for #AUKUS Pillar II, in terms of advanced undersea warfare? This piece by @ASPI_org 's Executive Director @BassiJustin and myself, explores the technical dimensions of the announcement over the weekend of a new 'signature project' on developing 'enablers and payloads' for uncrewed underwater vehicles (UUVs), such as @anduriltech 's Ghost Shar XL-UAV, now being developed in Australia.
It considers how developing these capabilities better enables the AUKUS partners to defend critical underwater infrastructure, including vital submarine cable networks, from deliberate attack by adversaries such as #China and #Russia.
AUKUS Pillar Two lunges for an operational capability – underwater | Malcolm Davis and Justin Bassi | https://t.co/yJNBYxQvcQ via @aspi_org
Seeking views on how much easier it would be to annex an independent Western Australia ... it would certainly be a lot easier to economically cripple and isolate WA than all of Australia
Western Australians pay into an $800 billion federal money pit making life harder.
Secession by Western Australia shows how WA can escape Canberra taxes, keep its resource wealth, and replace lost revenue with royalties.
That’s not “still paying taxes”.
That’s economic freedom
The application layer is where most of the AI money and productivity will be made
Australia can be well placed for both the application layer, and the enabling infrastructure, if it acts in 2026
This @FinancialReview piece talks about a “two-year window” opening for the next wave of AI winners globally.
We’ve already shown Australia can build world-class technology companies in SaaS, fintech and consumer internet. I don’t see any reason we can’t do the same in AI. 🇦🇺
That’s why we launched Latitude 37, to back ambitious AI founders early with capital, mentorship and global networks.
https://t.co/EqNMtHDqYw
Household electrification holds the key to lower power prices for Australians. We’re world leaders in rooftop solar & there's an opportunity to generate & store even more electricity at a household level, reducing the need for expensive transmission costs & providing real energy security.
Our challenge is to ensure renters & low income households can also benefit from the $1000s of savings electrification offers households.
https://t.co/SIjsvQl4xv
Opinion | As former independent senator Rex Patrick writes, a new scathing report confirms a slow-motion democracy scandal that's been in play for a decade or more.
https://t.co/yRY4m3RTXP
I've just come back from 7 years in US - the rampant AI and backlash against it is real.
But Australia also has a productivity problem: in other words we need smart uses of AI to help unblock our productivity, but it'll be a dead end of companies and govts don't find ways to bring people along and skill them to work smarter with AI
Australia can avoid an US-style backlash against AI if it acts now to keep Australians safe from the harms of the new technology, Assistant Minister Andrew Charlton said as he announced that the government's AI Safety Institute is now up and running.
This is one particular measure of taxes on labour income where Australia is below most of the OECD
But guess what?
Australia is also below the OECD average on total tax revenue and share of workers in the public sector.
(despite what you might have heard)
I've worked for three start-ups, with share options in two. The biggest problem you face as a person who trades a pay cut for shares is that your company is probably going to fail. In those scenarios the shares / share options are either worth zero, or not worth buying.
You know what the tax rate on zero is?
“I call complete bullshit that founders or employees are saying that they are going to move overseas," says Daniel Petre. "You are leaving for a seedy tax haven because of about 10 to 15 per cent more tax on your shares? Cool the fuck down.” https://t.co/88lSgIVGbB