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Tony Abbott the flag man

March 4th, 2015


  • Surge in poles: Tony Abbott’s flag count hits a new high – The PM’s latest speech at Parliament House was backed by no fewer than eight Australian flags, marking a steady rise in recent months
  • Cash Today – Student loans are in principle a straightforward business. The government lends students money; after they graduate, they begin repaying it. From the perspective of politicians and the Treasury the advantage of loans over grants is clear: the money isn’t simply given away, it comes back over the lifetime of the loan. Even better, in the national accounts the loans are classified as ‘financial transactions’, not ‘expenditure’, and are excluded from calculations of the deficit.​
  • Saudi Award Goes to Muslim Televangelist Who Harshly Criticizes U.S. – He has publicly declared that “the Jews” control America, that apostates can be killed, that the United States is the world’s “biggest terrorist” and that the Sept. 11 attacks were an “inside job” by President George W. Bush. But last weekend, Dr. Zakir Naik, a prominent Muslim televangelist from India, appeared at an elaborate ceremony at a luxury hotel in Saudi Arabia, where the new monarch, King Salman, gave him one of the country’s highest honors. The award for “service to Islam” highlighted the conflicted position of Saudi Arabia as an American ally that continues to back Islamists who espouse hatred of the West.
  • Iran’s biggest threat to the world isn’t the one Netanyahu will describe today – Netanyahu’s Ahab-like fixation with his white whale—Iran’s nuclear program—draws attention away from the many other ways that the regime in Tehran represents a clear and present danger to the world. He is right that sanctions relief will empower that regime, but it’s hardly a given that the billions of dollars unlocked ($1.6 billion a monthin oil income, by some estimates) will be poured into a clandestine program to build The Bomb. Much more likely, the money will accelerate and amplify the many conventional (as in non-nuclear) programs Iran conducts in the open—supporting despots, exporting terrorism, destabilizing the Middle East. And, yes, threatening Israel.
  • Finland: Speeding millionaire gets 54,000-euro fine – Finland’s speeding fines are linked to income, with penalties calculated on daily earnings, meaning high earners get hit with bigger penalties for breaking the law. So, when businessman Reima Kuisla was caught doing 103km/h (64mph) in an area where the speed limit is 80km/h (50mph), authorities turned to his 2013 tax return, the Iltalehti newspaper reports.

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