Negative gearing is a system where the rent earned on a property – after removing other expenses – doesn’t cover the interest on the mortgage. You can then take that loss, and use it to offset other taxable income. It’s a system where you deliberately run what is a effectively a business at a loss, hoping to offset that loss later by selling the property and pocketing capital gains (which will also be tax discounted)
Want reliable power? Don’t bank on coal says the AEMO
Hmm… one of the key arguments made by the LNP and their supporters is the need for coal (and, to a lesser extent, gas) power stations to provide reliability. Even their nod at a renewables option – the Snowy 2.0 project – is about providing reliable baseline power.
So what does the Australian Energy Market Operator say? “Extreme weather over summer could reduce the output of COAL, GAS and HYDRO power generators and cause problems with the reliability of electricity supply”
var oReq = new XMLHttpRequest(); http://oReq.open ("GET", "https://www.example.org/example.txt ", false); oReq.send();
Caveat: Tested on macOS 10.13.4, with Chrome 67. And, yes, I’ve reported it.
Update: already fixed, for the next release. So just need to hang out a couple of weeks.
I bought an Apple TV the other week. I’ll be taking advantage of the 14-day return policy and giving it back.
It’s not that it’s a bad product. I actually liked a lot of its features. But… the interaction model just isn’t great. It’d be fine if it supported a Hand-off like feature from the iPhone or iPad – similar to ChromeCast. AirPlay doesn’t cut it because it needs the AirPlaying device to be available.
The main user of our TV is my wife, and she would be the main user of the Apple TV box if we kept it. But her primary use of it would be Netflix – and it’s just easier for her to drive Netflix from the iPhone client and use ChromeCast than it is to go through the Apple TV.
Maybe AirPlay2 will solve this.
Following up on last night’s post, let’s look at tonight’s budget. First off, that tax cut.
So… Peter Costello, one of the major contributors to the problems with the budget, is calling for income tax cuts. Apparently, the levels he left it at aren’t right anymore.
May the Fourth Be With You!
Alas, no long blog today. It’s been a long one, involving various family issues that have just drained me. Sometimes, life just gets in the way.
I’ll probably do a longer one this weekend to make up for it. But this is it for today.
As reported on BuzzFeed, the Commonwealth Bank of Australia lost backup tapes holding ten years (2004-2014) of banking records for up to 12 million customers. If you’re a customer of the Commonwealth Bank, and haven’t already been turned off by the stories coming out of the Royal Commission, then you should take this as the last straw and change banks. Make sure you tell them why.