Monday by the Magazine Rack

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Hello,

Good afternoon and welcome to Monday by the Magazine Rack, our beginning of the week complete nonsense thread.

It also happens to be the first day of Winter. Congratulations.

A recent poll reckons that the Prime Minster has a “nasty streak,” at least that’s what 43% of respondents think. Which is a really interesting finding. Seeing as the only stories in the meja that would allude to such a vile temperament, have been second hand news stories about a ham sandwich and a hairdryer. Have these 43% of people been on the receiving end of a Rudd dressing down? I suspect not.

Besides, if 43% of people reckon Rudd’s got a nasty streak, what the hell must they make of Tony Abbott…??

In more important news, Michael Jackson’s worried his nose is going to fall off, Susan Boyle’s in rehab and a man has chopped off his willy just for the sake of it.

Do people ever cease to amaze you..?

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Is Australia a Racist Country?

Tom of Melbourne writes this timely commentary….

Given the basing of Indian students in Melbourne and the subsequent commentary in the Indian press, the Cronulla riots and the comments of Sol Trujillo, there is plenty to suggest that Australians have a latent racist streak.

We’re not even aware of the offence we cause, and we blame the victim – those that point this out, or the recipients of the violence.

Mainstream Australia is inward looking; we look down on most foreign cultures, and even our own indigenous culture.

We’re hardly worldly, most people have their “once in a lifetime trip” and leave it at that. Eating at the local Indian/Vietnamese/Greek etc restaurant seems to be regarded as evidence of our tolerance.

We are introverted, insecure about our own culture and mistrustful of others.

We have a barely concealed racist tendency, this breeds and tolerates the behaviour of overt the racists.

Hockey one, Hockey two, Hockey three….

Barry Brook over at BraveNewClimate.com has a ground breaking report on an existing hockey graph that we have all seen and has now been discredited.

For decades, school students and the general public have been taught that world human population size has exploded into exponential growth over the last few centuries (see left), with ‘demographic models’ being used to predict that this trend will be ongoing for at least the next 50 years.

It turns out that research has shown that the graph could not possibly be right. As Barry notes, one of the professors involved in dicrediting the graph uses some historical stories in his effort to get to the real data:

Xerxes managed to muster an army of a million men at Plataea — on one tiny field of battle! Now I ask you, how is that possible if world population size at the time was mere 50 million? It just didn’t make any sense to us.

Exactly – how can we be so arrogant to think that scientists know the answers!

Inflation down, rates down?

There is a feeling is that the RBA will not cut the base rate tomorrow even after the latest inflation figures show that there was a 0.3 per cent fall last month.

Yet analysts and investors see little chance of the RBA cutting interest rates again at its monthly policy meeting on Tuesday, with recent commentary from the officials suggesting they were content to wait and assess the impact of past easing. The key cash rate has already been cut by a massive 425 basis points to a record low of 3.0 per cent.

But even if the RBA does cut rates, will the banks pass it on, or will they keep it for their own bonuses?