Reporting for duty.
Back to work for me, enjoy your day.

Some of their products are very good, I’m just not a fanboy.

It’s hard not to be a fanboy.
I’m tapping away on my mac book pro that I purchased in 2012.
I have this one next to the bed which has survived an ex wife, a weimaraner, coffee spills & the odd ftb foot.

Great painting of a great composer. Thanks Dover.

I’ve still got an HP laptop running XP brought around 2008. Run it on Ethernet at 1GB downloads. My relatively new PC runs so much slower on W10. Microsoft is absolute crap.

There are videos showing the exact moment Aaron Rodgers achilles “popped”.
It’s almost the same as when Kevin Durant’s “popped”.
The difference being KD was playing basketball & Rodgers was being chased & tackled by a 120kilo guy.

Also known as Guiilame Clintoit.

Real-estate startup Roam looks to bring 3% mortgage rates within reach.

Roam, which is set to launch Wednesday, is betting that it can popularize an obscure workaround to a problem for home buyers and sellers alike: mortgage rates that are above 7%. “Assumable loans” allow sellers to transfer their own mortgage loans to the buyer alongside the house. Few consumers know about the option, and fewer still follow through with it. And many lenders are cool to the idea because for them it would mean more work for less money.

The way mortgages are structured (they die when you sell a property & you get a new one when you buy again) is so antiquated.

——-________

Okay, how and why will this mean mortgage rates cut in half or better?

I would like to know more.

Microsoft is crap. People should use Libreoffice if they can instead of Microsoft Office. It’s free.

Dot, you have a debt (mortgage) secured by an asset (property).
Just because the asset is replaced with another asset, why should the terms of the debt be re-struct.

Another thing that is silly is housing debt costs different amounts due to what you want to use it for.
The cost of debt should be based on the asset & the credit quality of the applicant.
Who cares if it is:
* owner occupier P&I or I only;
* investor P&I or I only.

Your credit quality is your credit quality.

feelthebern Avatar
feelthebern
Sep 14, 2023 5:24 AM

Dot, you have a debt (mortgage) secured by an asset (property).
Just because the asset is replaced with another asset, why should the terms of the debt be re-struct.

You’re gonna have to draw a diagram like I don’t know any of this because rates dropping from 7% to 3% just seems like hype.

You’d get 3% loans from the beginning?

I mean, my parents lived through negative real interest rates, but this idea assumes no inflation?

I would not lend to uncredit-worthy people. I would hope to recover inflation & origination/admin costs (included in my cost of capital), plus a margin, plus risk pricing (maybe included in the margin).

Explain to me like I run a business but have never seen a loan before.

Who cares if it is:
* owner occupier P&I or I only;
* investor P&I or I only.

I thought this went to regulation and MBS pricing.

The loan market for cars in Australia is upside down.

The first car loan I got was because I wanted a second-hand car and to pay it off quickly.

I went to the mortgage broker who looked all of 18 (I was early 20s), she called up Mac Bank on a conference call and they offered me 18% at best.

So I said no and got a new car at a rate about a third of that. The payments were for longer but about the same.

As long as the vehicle is fully insured after a valuation, why aren’t 2nd hand cars priced at a lower interest rate? Wouldn’t the risk of driving it off the lot or the first few years of depreciation (real or not) be a bigger counterparty risk? You’re much more likely to be “upside down” on a new car.

America has more rational chattel mortgage loans.

I thought this went to regulation and MBS pricing.

It’s more regulation than anything.
I didn’t say the inefficiencies were 100% banks.
This is why Australia is ripe to be disrupted.
But when real disrupters turn up with deep pockets (like KKR) they just jump in the trough.

they just jump in the trough.

Trough refers to pigs & snouts etc.
Not the other trough…

Or even Clinton’s 1993 speech.

Hmmm…

Another observation on mornings headlines.

Marles hiding behind National Security. Greens grub enables him to redact documents and nothing. The bloke is really an arrogant piece of work isn’t he? One of the cheerleaders of the Bishop lynching you’d think this would be a bigger story???

Marles is doing for the LNP what the LNP refuses to do for us.
Every Labor Governmrnt has arrogant pricks who eventually destroy themselves.

Best wishes Jacinta for your appearance at the ABC’s disgusting National Press Club today.
They are going to patronise you and probably sneer and smear.
Your bravery and cool is eye watering.
There is job going as opposition leader if you want it. The current bloke is still doing his Abbottism course.

Speaking of Marcia, the hamster wheel has been busy combing through her Twitter history. hahahaha
She had a go at Mark Latham in 2018. It did not go well for her. 😀

Marcia is too arrogant to realise once the history hamsters are after you, it’s like pointing the bone. 😀

Calli,
you’ve nailed it. Lately, whenever you see her on the goggle box, if she is sitting, she has totally adopted Sir Les’ slouching, spread your bod around the chair pose. I keep looking for gravy and wine stains. Probably why she seems to wear mostly black lately.

I must make 206k USD p.a. to date a 32 year old woman with a mannish face.

https://www.dailymail.co.uk/femail/article-12513669/LA-model-shares-strict-list-dating-perfect-man.html

The content creator, from Los Angeles, has revealed that she is no longer open to anyone ‘closed-minded’ and instead often opts for more mature, older men.

my ultra-strict dating rules help me avoid liars with bad hygiene

Such as not being able to buy a Lamborghini and a Louis Vitton luggage set in the same week.

I’m ReAdY tO sEtTLeE dOwN nOw!

Thanks Tom. Top ‘toons for me are Knight’s Joyce-Qantas one and most of the US ones such as Margolis and Branco. But they seem to have a surplus of material right now.

Dot
Sep 14, 2023 7:34 AM

I must make 206k USD p.a. to date a 32 year old woman with a mannish face.

https://www.dailymail.co.uk/femail/article-12513669/LA-model-shares-strict-list-dating-perfect-man.html

The content creator, from Los Angeles, has revealed that she is no longer open to anyone ‘closed-minded’ and instead often opts for more mature, older men.

my ultra-strict dating rules help me avoid liars with bad hygiene

Such as not being able to buy a Lamborghini and a Louis Vitton luggage set in the same week.

I’m ReAdY tO sEtTLeE dOwN nOw!

A cat shelter could make a name for itself with a clever dating profile or two.

Good.

America isn’t over but whose next in line?

Vicki

The moral perverts ( not do gooders at all) ignore that the main victims of individual Aboriginals stealing/ bashing/ abusing is other Aboriginals.

By refusing to remove the predators they effectively sanction more abuse and crime.

Geologists are meant to rock, not do a basic two-step!

“Babe I need $600 to fix the ECU on my EA Falcon!”

There’s a new trend now, “hobosexuals”, basically good-looking bums who will do anything in bed to get a roof over their heads.

The tip is to hook up on a weeknight because they need to go to work the next day and you won’t get kicked out and they won’t have the time to call you out.

Rafe doing good work again.

https://www.spectator.com.au/2023/09/planning-for-power-failure/

Dot
Sep 14, 2023 7:34 AM

I must make 206k USD p.a. to date a 32 year old woman with a mannish face.

https://www.dailymail.co.uk/femail/article-12513669/LA-model-shares-strict-list-dating-perfect-man.html

Dot,

you will also need a Powerful Bike or Electric Pump to keep inflating the Forward Assests

Vicki
Sep 14, 2023 8:24 AM
Now citizens of Barbados want reparation for their enslavement during the slavery movement. Look out UK. Where does it end?

The reparations should consist of repatriation to the homeland of their enslaved forebears, with a cash payment of $10,000 to start them off in their new lives.

Nasty piece of work, certainly but I wonder whether dear Marcia has been geed up to sink the whole voice b/s because, all of a sudden, the Albo brains trust realise just how toxic it is. Saving face has become crucial.

100 mil for the “Yes” campaign.

Should have remembered to remove Langton’s bile duct.

Joe Kelly in today’s Oz.
Sorry its a wordwall but it covers Jacinta’s Press Club Speech and the left’s attempt to walkback Macia’s ‘contributions towards harmony.
Of course you can scroll if you don’t want to read it.

No alternative: Jacinta Price’s Indigenous voice to parliament pitch

Jacinta Price hopes a No vote at the referendum will mean governments take greater accountability for improving the lives of First ­Nations people, warning a voice will only become “yet another ­battle ground for many Aboriginal voices to disagree, fall out and ­create division”.

In a draft version of her speech to the National Press Club in Canberra obtained by The Australian, the opposition Indigenous Australians spokeswoman will on Thursday say a voice to parliament will “undermine the importance of the Aboriginal members of parliament” who are “fighting to affect real change via the democratic structures by which they were elected”.

The No campaign’s leading spokeswoman laid out her vision of what a referendum defeat should mean for Australia, after a two-day political storm over claims from Marcia Langton ­opponents of the voice were being fed arguments steeped in “base ­racism … or just sheer stupidity”.
Using Professor Langton’s own words to attack her, Senator Price declared that “what would be ­racist, is segmenting our nation into ‘us’ and ‘them’.”

“You have to say it would also be stupidity to divide a nation when it has been growing ever more cohesive. To split it along fractures of race rather than try to bring it closer together,” she said. “My hope is that, after October 14, after defeating this voice of division, we can bring accountability to existing structures, and we can get away from assuming inner-city activists speak for all Aboriginals, and back to focusing on the real ­issues: education, employment, economic participation and safety from violence and sexual assault.”
Pointing to the Victorian ­experience with the Yoorrook Justice Commission, Senator Price also argued that Indigenous “truth-telling commissions” had “no desire to tell history in the round”. “They desire to misrepresent Aboriginal life prior to the arrival of the British as some form of Pasconian paradise,” she said. “And they want to demonise colonial settlement in its entirety and nurture a national self-loathing about the foundations of the modern Australian achievement.”
The address from Senator Price on Thursday comes after footage emerged of Professor Langton speaking at the University of Queensland on July 7 this year in which she suggested that 20 per cent of the population voting at the referendum were “spewing ­racism”. Professor Langton also doubled down on her assertion No campaign arguments in the voice referendum were “frankly stupid and racist” and confusing voters, ramping up her attack by hitting out at tactics she said were ­imported from overseas and damaging democracy.

“The No case has caused severe damage to our social fabric and to our democracy by importing overseas tactics using a call bank that automatically generates numbers and sending these messages out to millions of Australians. This is deeply damaging to our democracy,” Professor Langton told ABC radio on Wednesday.

“There’s a lot of work to do both with people who have legitimate concerns that need to be ­addressed and clarified and also those people who are simply confused by the very base and frankly stupid and racist claims being made by the No campaign to frighten Australians into believing that the referendum will result in damage to the Australian social and democratic fabric.”

Indigenous Australians Minister Linda Burney refused to condemn Professor Langton’s comments in parliament after being asked by deputy Liberal leader Sussan Ley if the remarks were in accord with her request for people involved in the referendum to act respectfully and with care.

“There is no room for racism in Australia. The pain of racism is real for those people who have experienced it. It is something that should not be used for political purposes,” Ms Burney said.

Campaigner for the No case, Warren Mundine, rejected Professor Langton’s suggestion 20 per cent of Australians were racist as “pure nonsense”. “Many Aboriginals enjoy a good life in Australia and we’ve got migrants who have come overseas living here and millions more want to come here. So this idea that 20 per cent of Australians are spewing racism is a bizarre comment,” he said.

SA Liberal senator Kerrynne Liddle, who is also Indigenous, said Professor Langton’s views of the No campaign were “pretty ordinary”. “I’m not going to be moved by commentary that suggests my position is ill-informed, stupid or racist,” she said. “But I’m really troubled for those people who hold a No position who aren’t as comfortable as I am with taking this position.”

Yes23 co-chair Rachel Perkins said there was “only a very small margin” of Australians with racist views, as she defended Professor Langton’s attack.

Campaigning in Perth for a Yes vote, Ms Perkins said Professor Langton’s comments from Sunday had been taken out of context.
“That was unfortunate. She’s now had the opportunity to respond and you can see that she’s talking about some of the No case’s material,” Ms Perkins told 6PR radio. “We have seen ads from the No case … that do have those racist undertones and we have seen some commentary from some people associated with the No case that is very upsetting.”

“The thing we’ve got to keep in mind is Australia is fundamentally not a racist country. People are having their views not necessarily based on racism at all. People are having their views because they might have concerns but we have to be understanding that people are still making their minds up.”

Uluru Dialogue Strategic ­Adviser and former journalist Kirstie Parker said the Yes campaign was appealing to Australians not to be frightened into voting no based upon mischief-making and subterfuge by outfits like Fair Australia who she said had abandoned honesty, decency, fairness – all long-held Australian values. “Such ‘no campers’ are trolling Aussies, and I hope Aussies will understand that come referendum day, and vote accordingly,” she said.

The Coalition peppered Ms Burney with questions in parliament over several controversial remarks Professor Langton had made – including that families had been broken apart by social workers who were, by and large, white and racist – while demanding detail over how the voice would work. The government also sought to escalate its attack against Peter Dutton, labelling him the “chief propagandist” of misinformation and mistruths in the referendum campaign.
“The Leader of the Opposition has taken the weirdest whispers from the furthest fringes of social media and legitimised them and amplified them here in the people’s house of parliament,” Jim Chalmers said. “He has seen this (the referendum) from the very beginning, not as a chance for unity, but as an excuse to practise the usual nasty and negative and angry and dishonest and divisive politics.” In her National Press Club address to be delivered on Thursday, Senator Price said that, to argue the voice was a request of First Nations people, was to play into “backwards, neo-colonial racial stereotyping, suggesting that all Aboriginal people think the same, feel the same and want for the same things”.

“Despite racial stereotyping that suggests Aboriginal Australians are one homogenous group, we are not,” she said. “I am one of 11 Indigenous voices in parliament, and I will not accept … our democratically elected voices are redundant because we belong to political parties.

Harsh.

From Indolent’s First Thing’s link.

There’s a very short and very brutal poem by the Scottish poet Hollie McNish, written in 2019 and titled “Conversation with an archaeologist”:

he said they’d found a brothel
on the dig he did last night
I asked him how they know
he sighed:
a pit of babies’ bones
a pit of newborn babies’ bones was how to spot a brothel

“It’s true, you know,” said the writer and lawyer Helen Dale when we had lunch in London last year and I mentioned this poem, which I chose as one of the epigraphs to my book The Case Against the Sexual Revolution. Helen was a classicist before she was a lawyer, and as a younger woman she had taken part in archaeological excavations of ancient Roman sites. “First you find the erotic statuary,” she went on, “and then you dig a bit more and you find the male infant skeletons.” Male, of course, because the males were of no use to the keepers of Roman brothels, whereas the female infants born to prostituted women were raised into prostitution themselves.

**They could have sold them to the Emperor and heirs presumptive of the Emperors to become Praetorian Guards. That’s the economist in me optimising Roman society.

Prostitution today is unlikely to be a significant abortion driver. I take issue with the “male lust” jibe in the modern day.

Tinder (much more equal, Bumble is female-dominated) would be the putative cause now and interviews with former adult stars – they now often have children but are totally disconnected from the potential lives they ended before motherhood.

I’m even willing to bet Tinder, PH and OF have outcompeted bordellos. There could be grant money in that!

I also suspect the true financial public cost of an abortion is higher than the out-of-pocket expense or Medicare item that the practitioner can claim, notwithstanding the economic costs (financial and implicit costs).

Pssh ..why would Gates and co, and all his coterie who seem obsessed with reducing the earths human population to 500 million, support a vax program that impairs fertility? (Ignore their track record in Africa, and the wildlife sterilising by vax technology they developed).

As sancho would say : Paging Joe Vialls….

Some interesting quotes , some are pro-Ukraine sources;

Na’omi Ducaena Allen
@ducaena
English speaking spokesperson for the Ukrainian military: Ukraine will hunt down “Russian propagandists” around the world.

NYT:
“Russia overcomes sanctions to expand missile production,now exceeds pre-war levels”

Russia btw has whole cities dedicated to producing missiles. I lived near one of them.

Clint Ehrlich
@ClintEhrlich
Neocons claim sending arms to Ukraine is “worth it” because we’re degrading Russia’s military.

Now the @NYT admits they’ve doubled their tank production. And they’re making 7X as many shells as we can.

Congratulations: We’ve built the very enemy we feared.

And teach the anchors how to ask a question in less than 500 words

That’s why I can’t be bothered watching.

‘Weaponized Govt Agencies’ “Don’t Wish Good Things For Me” – Musk Blames Biden Admin For Ukraine-Starlink Block

“I don’t know really what their issue is.”

That’s how the world’s richest man describes the apparent ‘beef’ that the Biden administration has with him (apart from him calling them on their bullshit and enabling a free-speech platform for others to discuss non-approved narratives).

Specifically, Elon Musk told the panel on the ‘All-In’ Podcast Summit yesterday:

“…there does seem to be some significant increase in the weaponization of government and really sort of misuse of prosecutorial discretion in many areas… I think this is really a dangerous thing for there to be partisan politics with government agencies.”

“Elon, does the Biden administration have it out for you, and why?” All-In host entrepreneur David Sacks asked Musk.

“Ha. What ever gave you that idea?” Musk joked.

“I don’t think the whole administration has it out for me,” he added.

“But I think there’s probably aspects of the administration… or aspects of interests aligned with President Biden who probably do not wish good things for me.”

As a reminder, DOJ and SEC are currently investigating Tesla for allegedly allocating funds to a secret project to build Musk a house – which Musk has denied (and Walter Isaacson’s biography also confirms has been dropped).

Additionally SpaceX is being investigated by DOJ for not hiring illegal immigrants (no, seriously). Then there’s the FAA nitpicking over SpaceX approval:

“The only thing holding back the second planned Starship at this point is regulatory approval,” signifying that they are only waiting for FAA for their next launch.

Musk made it clear that Walter Isaacson – his biographer – had misunderstood the situation and that the initial decision to not allow access to Starlink around the Crimean border was due to sanctions from the Biden administration.

“Starlink have provided connectivity to Ukraine since the beginning of the war and as the Ukrainian government has said, Starlink was instrumental in the defense of Ukraine – although the media forgets to mention that.”

Musk explains that “at the time [the attack] happened, the region around Crimea was turned off… and the reason it was turned off was because the United States has sanctions against Russia, which includes Crimea, and we are not allowed to turn on connectivity to a sanctioned country without explicit permission – which we did not have from the US government.”

Starlink was approached with immediate demands in the middle of the night to turn on Crimea, by the Ukrainian government, which Musk explains “was to enable a Pearl-Harbor-type attack on Sevastopol. So they were really asking us to take part proactively in a major act of war.”

The billionaire continued to note that while we have

“huge empathy and support” for the Ukrainian people, Musk notes more seriously, “the Ukrainian government is not in charge of American people or companies.”

The audience applauded as he added “that’s not how it works.”

While I believe the labels ‘racist’ & ‘racism’ are now so overused as to render them meaningless, it strikes me that they might be genuinely applied to those who wish to continue to subject our indigenous Australians to low expectations & a programmed helplessness (dependence upon the state). The inVoice-Free Spear-Treats process will concrete this perception of inferiority into the nation’s foundations.

Defence Minister Richard Marles will tell parliament that the importance of safeguarding the nation‘s sensitive military secrets “cannot be overstated”.

“The protection of our nation’s secrets and sensitive information is central to preserving Australia’s national security and to keeping Australians safe,” Mr Marles will say, according to an extract of his speech.

Australia’s military secrets. LOL.

Stunning map shows the extent of Native Title control in Australia – as senator warns there are many more Aboriginal claims to come: Here’s what it means for you

A stunning map has unveiled that Native Title, a legal recognition of Aboriginal rights over an area, covers nearly half of Australia’s landmass.

It can grant native title holders the right to local cultural practices, such as the right to live in the area, hunt, fish, gather food or teach law and custom on country.

While I believe the labels ‘racist’ & ‘racism’ are now so overused as to render them meaningless…

Not at all meaningless.

Racist(adj/n), Racism(n):

1) Shut up;
2) I don’t agree with you and arguing the point is too difficult;
3) A person (esp. a tall, white, heteronormative male) who fails to accept that identity is truth and is essentially a Grampian Garage Nasty.

For Russia tea leaf readers this one I saw today was interesting.

Putin: sending Soviet tanks into Hungary and Czechoslovakia was a mistake (12 Sep)

Russian President Vladimir Putin said on Tuesday that the Soviet Union’s decision to send tanks into Hungary and Czechoslovakia to crush mass protests during the Cold War was a mistake. “It was a mistake,” Putin said when asked about perceptions of Russia as a colonial power due to Moscow’s decision to send tanks into Budapest in 1956 and into Prague in 1968. “It is not right to do anything in foreign policy that harms the interests of other peoples,” said Putin, who in 2022 sent tens of thousands of troops into Ukraine, triggering the biggest land war in Europe since World War Two.

I’ve linked the Lucianne entry, which comes originally from Reuters. The initial invasion of Ukraine seemed to be modeled on the Czechoslovakian one. Why he’s saying this now I don’t know. He does go on to criticize the US for doing exactly this sort of thing, which may be the context. He’s got a point, a real point, with that.

Vlad & Kim…brothers in armaments.
…
I believe it’s called horizontal escalation.

There was a bit of horizontal escalation at the summit…

Putin delivered ‘bone crusher’ handshake to ‘sleepy’ Kim Jong Un ahead of meeting in Russia (13 Sep)

“First of all we have the first handshake as Putin exits the car. It is clear that Putin proceeds himself and wants to be perceived as a stronger force. His first move is to advance very closely to Kim and give him a ‘bone crusher’ handshake
…
I believe he is ever so slightly intimidated by Putin, which is probably the intention. I also noticed that if you zoom in on Kim, he appears to be falling asleep as his eyes cannot seem to stay open.

Ouch, my hand hurts. 😀

Dot they don’t look ok, are they supposed to be that colour.

I saw some report last night on the Pute and Kim meeting. The presenter was nearly as good as Comical Ali, who were they trying to convince?