When George W Bush won re-election in 2004, he said: “I earned capital in the campaign, political capital, and I intend to spend it.”
I’ve waited 20 years plus for a Dem to take a similar approach to spending capital. Tonight we saw @ZohranKMamdani do it. 3 for 3, about to be.
“I have never in my quarter of a century in journalism seen a greater effort to criminalize and demonize speaking to people on the other side of America’s wars.”
—Drop Site’s @JeremyScahill spoke to Progressive International’s @VarshaGandikota about Drop Site News being labeled “pro-terrorism” for interviewing Palestinian and Iranian figures. He said that in any society that professes to be democratic, a public has the right to understand the other side of things.
I'm in @smh on RBA's rate hike and how Albanese gov't can intervene directly to reduce inflation through targeted COL support, price regulation with teeth & windfall profits tax. And indirectly with tax reforms that reduce demand of wealthiest consumers.
https://t.co/AREx0mdfwo
New war inflation is hitting workers in sky-high petrol prices. Next it'll be interest rate hikes & calls for gov't spending cuts. But oil prices won't stabilise coz workers hand $400/mth extra to banks in mortgage payments! This is supply-side inflation, like COVID & 2022.
Thought about this a lot in last 2 weeks.
America has constructed the greatest weapon in history: a weaponised global economy. Get blocked from SWIFT & your economy will scream.
I never realised the smart strategy in response is to…sink the global economy.
The war on Iran is causing gas and oil price explosions.
Our research shows: Fossil fuel prices are the most important prices for inflation and inequality. Energy price shocks are redistribution shocks. The poorer you are, the larger the share of income you spend on essentials.
New APRA data shows investor lending tracking at the fastest rate since 2015 - this should be raising the alarm for APRA to intervene. If only APRA had acted in 2025 when the Greens had asked them to. Instead the housing crisis continues to spiral while Labor refuses to act.
Fossil fuel stocks are exploding in response to the war on Iran.
Who stands to benefit? The richest of the rich.
Who stands to lose? All of us who have to pay higher prices for energy and a new round of sellers' inflation.
The term “preemptive” is pure propaganda. The U.S. once again used the veneer of negotiations as a cover to bomb Iran. Tehran had just offered terms that went far beyond the 2015 nuclear deal. What was preempted was diplomacy. The same propaganda tactics used in 2003 Iraq war.
Bombing Iran in the middle of negotiations, while starving Cuba, while genociding Palestinians, while threatening to invade Greenland… the US and Israel are the single greatest threat to humanity and it’s not even close. We are all forced to live in the nightmare they create.
During the Greens-led inquiry into CGT discounts expert after expert said wealthy property investors shouldn't get these massive handouts.
This next budget is a huge opportunity to put first homebuyers and renters ahead of rich property investors.
Labor can't waste it.
This surge pricing is insane on TicketTek in Australia for @JColeNC Fall Off tickets. $711 for decent seats, $250 for standing. Sold out in 10 mins. We need another show in Brisbane man, and ideally turning off this bs surge pricing.
Property investor lending increased by 31.8% over the year, the clearest sign yet that the worst of Australia’s housing crisis is yet to come. Renters are footing the bill for a market stacked in favour of investors, while their wages can’t keep up.
Despite taking a huge share of the Albanese government's time, money and attention, its $10b flagship Housing Australia Future Fund has completed only 895 homes in its first 2 years.
It's time for a different approach.
https://t.co/7M1nE6aKzW
Authoritarian regimes need to control the narrative.
Trump’s billionaire allies control the AI you're asking for answers, the algorithms feeding you content, and your personal data you've given up for access, on the devices you rely on.
The news and your privacy are now what Trump and his billionaire pals say it is.
This is by design.
Thanks to Trump, right-wing multibillionaire Larry Ellison will now control the TikTok algorithm, along with:
CBS
MTV
The Free Press
BET
CMT
Simon & Schuster
Nickelodeon
Paramount+
Pluto TV
and more
This is what Oligarchy looks like.
To be clear about what this depicts: An immigration officer threw a woman onto the ground. Alex Pretti, a registered nurse on scene as a legal observer, is filming and goes to help the woman up. He is then pepper sprayed and thrown to the ground for no discernible reason. Many officer surround and assault him; one removes his firearm, which police say appears to have been legally registered. They then execute him with a hail of bullets.
They are, objectively speaking, both cowards and criminals, while Pretti is what we teach people an American ought to be.