Thursday, 20 November 2014

Around The Traps 21/11/14

It is time for Around the Traps again.
Free on Sunday so will update then.

Aussie.Aussie,Aussie,Oy,Oy,Oy
Northern America
Europe
Asia
Wonk
General
Climate
Andrew Gelman ( Mainly Stats)
Genial Dave Giles ( Econometrics)
Dianne Coyle ( Quirky + Book Reviews)
Vox Wonk

Wednesday, 19 November 2014

Why the Government is in so much trouble

Yesterday provided the prefect example of they the Government is in so much trouble.

Tony Abbott said there would be NO cuts to the ABC or SBS.
That is a black and white statement.
Yesterday they announced cuts to both organisations.
The thin skinned Ken Parish has written an apolgetic for the Government.
Unfortunately for Ken circumstances haven't changed for Tony Abbott. What he knew before the election are still the same after the election.

Malcolm Turnbull appeared very uncomfortable in attempting to argue the Government hadn't broken a promise.
This is why the Government is in so much trouble.

People can take broken promises if done for the right reasons. What they cannot hack is the government constantly saying they haven't broken promises when they clearly have,
Ken Parish notwithstanding!

Tuesday, 18 November 2014

Anecdotes on unpaid overtime

I see there is talk about unpaid overtime today.
I thought i would write about some experiences I have had.

I remember a very long time ago ( before e-mail but in-house mail was around) some people complained about me leaving at 5 p.m.
So I then gave everyone a morning brief each day with an intra-net summary. No complaints when they looked at the time it arrived at their desks so to speak.

I remember a really bad boss having a go at me for not having the mobile phone on during the weekend. I told him I wasn't working over the weekend so if he wanted to get in touch he could ring up on the landline.

The one that really brought it home was a job I was quite enjoying at the time. I had a project to do and told the boss on Friday when leaving the office it would be completed on Monday morning.
Consequently when on Monday I was completing the project the boss blew up because I hadn't completed it on the Weekend.
I told him I was busy on the weekend with cricket and other things and if he wanted me to work on the weekend then he would have to pay me.

My experience with Junior cricket at present has most of the parents doing work at home on the week-ends instead of being at the game and watching their boys.

It is a great shame and shows up how poor the management is at a lot of companies.

Monday, 17 November 2014

Trade diversion ain't great news

We had the announcement yesterday of the OZ/China free trade agreement which like every other bilateral agreement was not about free trade. how Orwellian.

The problem of bilateral agreements are they simply encourage trade diversion not greater trade.  This is taught in the earliest lectures if one studies international economics.

Multi-lateral trade agreements are far better than bi-lateral trade agreements For the reasons stated.

For those who have poor memories the advantages of the US/OZ 'free trade agreement were also overstated. Some of us thought so at the time. Others merely stated what their models came out with.

I blame Tim Fisher for this. He campaigned for bi-lateral trade agreements in opposition and then when he became a minister and found out they did not have any of the advantages he alleged still  kept on with them because he had to 'stick with his word.'


Thursday, 13 November 2014

Around the Traps 14/11/14

It is time for Around the Traps again.
Many thanks to Club Troppo for its RSS feed and the inimitable Mark Thoma's daily links.
There is a debate on neo-fisher ideas and doverbeach has a weekly book review well worth looking at.
Cricket all weekend so have no idea when I will update

Aussie,Aussie,Aussie,Oy,Oy,Oy
Northern America
Europe
Asia

Wonk
General
Climate
Andrew Gelman (Mainly Stats)
Genial Dave Giles (Econometrics)
Dianne Coyle ( Quirky + Book Reviews)
Vox wonk

Wednesday, 12 November 2014

Wages Breakout update

The ABS released its Wage price index.

Here it is.
Real wages are falling.

Stave Kates and Judith Sloan are on the money with their Wages breakout.

Must be the highly regulated labour market at work!

Tuesday, 11 November 2014

Dover Beach

Dover Beach has had a blog for a while now.
it is called The ordeal of conciousness.

If you are a social conservative like I you will enjoy the blog. He does have a great set of books reviewed or talked about on Mondays as well( which will always be on my Around the Traps)
Any blog which has the screwtape letters narrated by John Cleese is always worth while.

His taste are sometimes too catholic for me ( pun intended) but it is always interesting.

My guess is Dover Beach will be astonished I have said all of the above!

Postscript.
his Books in review 2 is an absolute cracker.