17th March, 2017
Mass strike forces policy reversals, even Glass-Steagall
15 Mar.—Australian Labor Party frontbencher Matt
Thistlethwaite indicated yesterday that the ALP's banking
royal commission could lead to the break up of the Big
Four banks. Without using the name, Thistlethwaite made
clear to Peter van Onselen on Sky News that he was talking
"Is it possible that Labor might look at legislation to
break up the banks?" van Onselen asked. "Yeah", Thistlethwaite
said. "There's a whole host of people who argue
that we should break up the retail banking sections, so deposits
and mortgages from the wealth management, the insurance
that they've added on over recent years, and it's an
approach that was taken in the US, it was watered down unfortunately
by Bill Clinton. It's something that they're doing
in the UK and there's calls for it to happen in Australia... ."
Articles include the following:
- Showdown of the real vs. bubble economies
- China begins countdown to international Belt & Road Forum
- President Trump reiterates Glass-Steagall
- American 'colour revolution' faltering
- 'UMBRAGE': WikiLeaks burns down CIA false-flag factory
- Will Trump clean up Obama's mess in Syria?
- Gas cartel threatens energy security
Click here for more...
'Free market' smashes milk producers
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17th March, 2017
To avert a catastrophic energy crisis, keep Hazelwood open until Australia transitions to nuclear power
On 2 November 2016 the CEC issued a call for government intervention to keep Hazelwood Power Station open. We reissue that call today. Currently the 1,600 megawatt (MW) power station is scheduled to close on 31 March, threatening energy security and raising the prospect of blackouts, further increases to power bills, and industrial collapse. If Prime Minister Turnbull and Victorian Premier Daniel Andrews fail to keep Hazelwood open they will have the blood of the victims of a chaotic and unreliable electricity system on their hands, and Australians will punish them severely.
The Federal Government’s $2 billion intervention to expand the Snowy Mountains Scheme to add 2,000 MW of capacity will be of little comfort if we have to endure rolling blackouts for up to seven years before this pumped-storage scheme comes online. And South Australia’s expensive battery plan to provide a mere 100 MW output (providing there’s any charge left in the lithium ion cells) won’t match the 650 MW that the Heywood Interconnector provides largely from Victoria’s coal-fired power stations. But with Hazelwood closed this 650 MW transfer to South Australia will not always be possible, as Victoria will become a net energy importer.
The solution to Australia’s energy security is to reject the proven failure of privatised electricity markets and also reject pseudoscientific environmentalist ideology, both of which have contributed to the current crisis. To do this the federal and state governments must take the following steps:
Nationalise the National Electricity Market (NEM);
Nationalise all power stations, poles and wires and electricity retailers;
Rescind the Renewable Energy Target and all subsidies for intermittent solar and wind power;
Nationalise our gas resources to ensure affordable fuel for existing generators;
Build the Clarence River Scheme, which is on the scale of another Snowy Mountains Scheme; and
Establish a federal Nuclear Energy Commission to plan for near-term Australian nuclear power generation.
Print latest media releases as flyers (A4 PDF)
Radio interviews with CEC Leaders