Michael West Media · AAP
Australian shares crept higher on a tech rally, cheerfully ignoring geopolitical instability in what passes for market confidence.
The market edging higher despite geopolitical chaos isn't resilience — it's amnesia with a Bloomberg terminal. Tech stocks rally because the algorithm doesn't read the foreign desk, and the fund managers stopped pretending they do. We don't defy tensions; we price them in, which is the financial sector's way of saying we've decided not to care until the invoice arrives.
SBS News
Economists warn that cutting fuel excise could push inflation higher and trigger RBA rate hikes, meaning the cost-of-living relief may cost households more than it saves.
Cutting fuel excise to ease the cost of living while the Reserve Bank watches inflation like a hawk with a migraine — it's the policy equivalent of taking a painkiller with a glass of whiskey. You feel better for twenty minutes, then the headache's worse and now you've got a new problem. Bowen's defending it because the hip pocket is the only organ this government knows how to scan. The mortgage holders paying for this relief won't find it very relieving.
news.com.au
Cop killer Dezi Freeman found dead after seven months on the run, leaving questions over who claims the $1 million reward and whether the massive manhunt delivered anything resembling justice.
Seven months, a million-dollar reward, and the largest manhunt in recent memory — and the system's final product is a body in the bush and a cheque nobody knows who to write. Freeman didn't escape justice; he rendered it moot, which is worse. The state spent seven months proving it could find a man, only to discover that finding him was never the point.
SMH
SMH and The Age run their daily cartoon roundup, packaging political illustrations as standalone news content — raising the question of what the rest of the pages are for.
When a masthead runs a cartoon roundup as a standalone story, it's not curating — it's admitting the drawings carry the editorial line the opinion pages won't. The cartoonists aren't illustrating the news; they're doing the journalism the building around them has outsourced to access and adjacency. A newspaper that leads with its artists isn't celebrating them — it's confessing it has nothing left to say in prose.
The Conversation · Michelle Grattan, Professorial Fellow, University of Canberra
The Albanese government will halve fuel excise for three months, cutting petrol costs by 26.3 cents per litre at a cost of $2.55 billion to the budget.
Two and a half billion dollars to shave twenty-six cents off a litre for three months — the fiscal equivalent of holding an umbrella over a sandcastle. Halving the excise doesn't halve the dependence; it subsidises it. Every temporary fuel cut since Howard's day has bought ninety days of relief and another decade of avoiding the structural question. The cheapest petrol policy in Australia is the one no government will build: an alternative to needing it.
The Conversation · Terry Goldsworthy, Associate Professor in Criminal Justice and Criminology, Bond University
After 216 days on the run, fugitive Dezi Freeman was shot dead by police — months after they publicly declared they believed he was already dead, in what may have been a deliberate tactical deception.
Police told the public their man was dead, then shot him alive — the operational equivalent of a magician revealing the trick by performing it twice. Two hundred and sixteen days of manhunt resolved not by the machinery of modern policing but by the oldest bluff in the handbook: tell the quarry the hunt's over and wait for him to surface. That it worked says less about tactical brilliance than about how long you can run in a country with three million square kilometres of nothing much.
SMH
SMH and The Age publish their daily roundup of editorial cartoons interpreting the political news cycle, a recurring feature that increasingly substitutes for written analysis.
Third cartoon roundup this month filed as hard news — at this point the masthead isn't curating political commentary, it's running a gallery with a subscription model. The cartoonists didn't ask to carry the analytical weight of an entire newsroom. That they do says less about the quality of the drawings than the poverty of everything published around them.
SMH · Paul Sakkal, Rob Harris
Tony Abbott campaigns in Albury as Pauline Hanson offers the Coalition a preference deal in Farrer, with the Liberals facing potential wipeout in regional NSW.
Tony Abbott doorknocking in Albury to save the Liberal Party is like sending the arsonist back to check the smoke detectors. Hanson isn't stealing Liberal voters — she's offering to rent them back at preference rates, which tells you who holds the lease. When your rescue plan is a man the electorate sacked a decade ago brokering terms with the woman he once told voters to put last, the party hasn't hit rock bottom — it's furnishing the place.