Tag Archives: remain

Men should remain in Syria, Iraq to fight Islamic State: Liberal backbencher

Posted December 01, 2015 14:01:31

A former Abbott government frontbencher has criticised male asylum seekers who seek refuge overseas instead of fighting for their homeland.

Liberal backbencher Bob Baldwin told Parliament last evening that it was “a bit wealthy” to expect coalition soldiers to fight in nations such as Syria and Iraq when appropriately aged citizens have been fleeing the violence.

He mentioned he would fight, and anticipate his sons to take up arms, if Australia came beneath attack.

“What I have noticed, as have several of my constituents, is that a huge quantity of the refugees fleeing Syria, Iraq and other war-torn nations seem to be predominantly males amongst 18 and 45,” he said.

“Why are they not staying and instruction to defend their land, their way of life and their rights?… It is a bit rich to expect other folks from foreign countries to lay down their lives for you if you are not prepared to stand and fight.”

Mr Baldwin spoke in support of the Government’s legislation to strip dual nationals of their Australian citizenship if convicted of a terror offence.

“If you do not like Australia and all it has to provide, then do not come, do not keep, go back to where you came from,” he stated.

Mr Baldwin stated he was proud to speak on the bill, stating there was “no room in the globe for Daesh [another name for Islamic State] death cults”.

The bill passed the Reduced Home overnight and is scheduled for debate in the Senate this evening.

Mr Baldwin also expressed concerns more than the vetting of refugees, which Immigration Minister Peter Dutton addressed in Parliament yesterday.

Mr Dutton stated that the 12,000 Syrian and Iraqi refugees to be resettled in Australia would be topic to “the most rigorous criteria”.

“We are applying biometric and fingerprint testing,” he stated.

“We can be assured that people who are applying below that plan are indeed those who are most in need to have.

“If we discover an applicant where we have a suspicion about the person’s motivation or background or affiliations, that particular person will not proceed into this plan, they will not be coming to this nation.”

Topics: federal-parliament, refugees, australia, syrian-arab-republic, iraq

Agen Sabung Ayam

RBA ‘chills out’ as GDP set to remain weak

Posted November 28, 2015 19:59:24

The alter of season normally brings a data deluge and this week’s start off of summer time is no exception with an RBA meeting thrown in for great measure.

RBA governor Glenn Stevens and his board currently look in vacation mode and in no mood to pull any monetary levers down.

Indeed, Mr Stevens final week told a dinner of enterprise economists to “chill out” when asked about a price reduce and the potential for another “surprise” February rate cut.

The RBA board takes January off as well.

“February is three months away, we’ve got Christmas, we should just chill out … come back … and see what the information says,” Mr Stevens said, blithely batting away his inquisitor.

Scorecard: Governor 1, Pointy Heads .

As HSBC’s Paul Bloxham noted, December is seemingly not even in consideration.

From the market’s point of view, there is only a 5 per cent likelihood of a reduce on Tuesday.

So if December is out, what about February?

Mr Bloxham mentioned if 1 factor is clear, it is that the RBA does not want to cut further, otherwise it would have done so already.

“Inflation is low and the central bank is forecasting it to keep low more than coming quarters,” Mr Bloxham mentioned.

“At the very same time, the RBA is forecasting growth to remain beneath trend until late 2016 and the unemployment price to keep higher over the next two years.”

“The RBA is clearly patient and has set a high bar for delivering any further stimulus.”

GDP could bounce back modestly from weak second quarter

The dire capex figures last week — down 9.2 per cent for the quarter and the worst efficiency on record — have been hardly a promising lead in to the September quarter economic growth figures on Wednesday.

Most economists instantly lopped about .2 per cent of their GDP forecasts.

Nevertheless, a sturdy recovery in net exports may possibly well assistance a rebound in GDP growth after a climate impacted second quarter.

Whilst consumers have been performing their bit, the domestic economy is expected to stay insipid, dragged down by weak organization spending.

The consensus view is that the economy expanded by about .six per cent in the quarter — or two.2 per cent more than the year.

Australia’s trade functionality will be beneath the microscope with the third quarter Existing Account (Tuesday) expected to show yet another quite big, but narrowing deficit.

The deficit in the second quarter was $ 19 billion.

This time around the deficit is forecast to come in between $ 17 and $ 18 billion on the back of increasing export volumes, despite the fact that this will be partially offset by a further decline in the terms of trade as export costs tumble and the expense of imports are driven up by a lower Australian dollar.

Retail sales (Friday) might end the week on a positive note with a modest .four per cent monthly gain forecast.

US jobs and Fed Chair testimony

Overseas, the focus will be directed at US jobs figures as effectively as the utterances of the Fed’s chair Janet Yellen at her biannual economic outlook chat at the Joint Financial Committee in Washington.

This will possibly be the final time Dr Yellen will be speaking publicly before the next Federal Open Market place Committee on interest rates on December 16, so it will be even a lot more keenly listened to than usual.

The market is at present placing the odds of a rates “lift off” at that meeting at 70 per cent.

As RBC noted, “there is broad consensus to start off lift off in December and with only a couple of weeks separating this speech and the very first price hike in more than a decade there is no space for ambiguity”.

An unambiguous Federal Reserve boss would be a story in itself.

Following Dr Yellen’s testimony, important jobs information will be released late on Friday.

Final month’s creation of 270,000 new jobs was the catalyst for the sudden shortening odds on a December price hike.

An additional robust result above 200,000, and unemployment falling below 5 per cent, might seal the deal on an instant lift-off.

Will the ECB finish the year with a bang or whimper?

The fact that German 5 year bonds have hit record lows — trading at about -.18 per cent late final week — indicates the marketplace expects some fairly aggressive action from the European Central Bank when it meets on Thursday.

ECB chairman Mario Draghi has been performing his “whatever it takes” shtick once more lately, promising a reassessment of the bank’s monetary policy stance at the final meeting of the year.

Markets are pricing in a 10-basis-point reduce in the ECB’s deposit price, some economists are tipping double that.

The ECB’s deposit price has been at -.2 per cent considering that September final year, even though its refinancing price is marginally good at .05 per cent.

A 20 basis point cut indicates banks would be charged .four per cent for the honour of parking their dosh overnight with the ECB, not exactly a tantalising selection.

On prime of an additional round of rate cuts, the quantitative easing, or bond acquiring, plan which has just been extended by six months could be expanded as nicely.

At the moment the ECB buys about 60 billion euros (about $ 88.4 billion) worth of public and private debt a month.

Boosting that by an additional 10 to 20 billion euros (about $ 15 to $ 29 billion) month would not be a surprise.

Diary notes

Australia
Monday 30/11/2015

Business indicators

Inflation gauge

New home sales

Private sector credit

Sep Q: ABS series including sales, earnings and inventories

Oct: TD Securities series. Inflation is benign

Oct: HIA series, rebound from prior fall forecast

Oct: Housing enterprise and personal lending. Tipped to have risen .six per cent more than the month

Tuesday 1/12/2015

Reserve Bank meets

Present account

Building approvals

Property prices

Manufacturing index

Marketplace forecasts much less than 10 per cent likelihood of a price reduce

Sep Q: Deficit final quarter was $ 19 billion, count on something related

Oct: Volatile, tipped to rise .five per cent

Oct: CoreLogic series. Is momentum slowing?

Nov: AIG series, almost certainly up on final month

Wednesday 2/12/2015

Financial development

RBA Gov speaks

Sep Q: GDP could be slowing to around two per cent

Governor Glenn Stevens speaks in Perth

Thursday three/12/2015Balance of tradeOct: First reading of new Quarter, yet another large deficit of about $ 2.five billion forecast
Friday 4/12/2015Retail salesOct: Solid, not spectacular development of .4 per cent forecast
Overseas
Monday 30/11/2015US: Pending home salesOct: up three per cent YoY
Tuesday 1/12/2015

CH: Caixin PMI

EU: Markit PMI

EU: Unemployment

Nov: Yet another manufacturing contraction tipped

Nov: Expansion forecast

Oct: Nevertheless around ten.8 per cent

Wednesday two/12/2015

US:  Manufacturing PMI

US: Fed testimony

US: ADP employment

EU: Inflation

Nov: Expanding but much more slowly

Fed chair Janet Yellen begins two-day congressional testimony

Nov: One more 180,000 likely to be jobs produced

Nov:  Close to zero

Thursday three/12/2015

EU: ECB rates meeting

EU: Retail sales

Action expected, price cuts and much more QE

Oct: Up about two.six per cent YoY

Friday 4/12/2015

US: Non-farm payrolls

US: Unemployment

US: Balance of trade

EU: GDP

Nov: Last month was huge 270,000 acquire, an additional robust figure could seal a December rate rise

Nov: Steady at around five per cent

Oct: Month-to-month deficits operating at about $ US40 billion

Sep Q: 2nd estimate tipped to be a weak 1.six per cent YoY

Topics: enterprise-economics-and-finance, markets, economic-trends, australia

Agen Sabung Ayam