Thursday 14-05-2026 4:09am

Johannes Leak cartoon in today's The Australian newspaper. The Australian federal budget was handed down last night in Canberra.

World's highest taxed country

Jim Chalmers will become Australia's highest income-taxing treasurer since records were kept, driven by personal collections. Budget paper figures show that total income tax as a share of GDP will hit 18.6% in 2025-26 and 2026-27, staying at similarly high levels for the next three years. New tax changes on capital gains, negative gearing and trusts will raise more than $100bln over the next 10 years but all of the revenue will come in after the next two financial years. Negative gearing and capital gains tax will start collecting in 2028-29 at $1.3bln, rising to $2.3bln in 2029-30. The new minimum 30% tax on trust distributions reaps $4.5bln only from the 2030 financial year.


 SPORT:

Lady Of Camelot doomed for Doomben and Formal Display shines for Scone

Golden Slipper winner Lady Of Camelot has been sensationally scratched from Saturday’s $1.5 million Group 1 Doomben 10,000 and her racing future is clouded after being wounded by a stingray during a beach swim. [click to read more]

Ben Dorries in the Oz this morning comments Bott, who co-trains with Gai Waterhouse, said the freak stingray attack came while the mare was swimming off Brisbane's Nudgee Beach.

Bott advised stewards yesterday the star mare had sustained wounds to the near foreleg, caused by a stingray during a beach swim this morning.

Lady Of Camelot was treated by vets and the mare’s entire Queensland winter carnival campaign is over and her Royal Ascot ambitions have ended, with a decision to be made on her racing future at some point ahead.

Lady Of Camelot’s scratching ensures star jockey James McDonald will have a ride in the race.

He was today booked for both first emergency Beadman and his original preference, the Tom Charlton-trained second emergency Napoleonic.

If there are no further scratchings, McDonald will ride Saturday’s Gold Coast Guineas winner Beadman.

If an additional horse is scratched, he will ride Napoleonic.

Meanwhile, the Murrurundi Times reports Formal Display is favourite with the wagering companies all in for the Scone Cup (1600m) this Friday at Scone.

The Team Archibald trained gelding is flying and the market has him as top seed at $6.

Tavi Time is at $8 on the second line of betting, with Cristal Clear at $9. Amor Victorious is at $11 and has been solid in betting with Australian bookmaker sites.

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 STOCKMARKET:

Tech shares weaker and communities unhappy with Donald

The S&P 500 and the Nasdaq closed lower on Tuesday, easing from record highs as hotter-than-expected inflation data and an increasingly tenuous U.S.-Iran ceasefire prompted investors to take money off the table near the end of a robust first-quarter earnings season, Reuters reports on today's website. [click to continue reading]

Weakness in tech shares dragged the Nasdaq down the most, while healthcare stocks, buoyed by a jump in Humana, helped keep the Dow in positive territory.

Despite the selloff, the S&P 500 and the Nasdaq remain close to all-time highs.

As reporting season wraps up, investors are increasingly focused on valuations, macroeconomics and geopolitical developments.

While the PHLX Semiconductor index dropped 3%, the index has soared 65.4% this year, benefiting from the fervor about artificial intelligence.

Our call has been for the market to flatten out simply because greed occurs during earnings season and fear after, said Jay Hatfield, CEO and portfolio manager at InfraCap in New York.

Economic data showed consumer prices rose at a faster pace last month than analysts anticipated as the closure of the Strait of Hormuz due to the war with Iran continued to disrupt crude supply.

Inflation is not getting any better unless oil prices go down, Hatfield added. That’s the history that you can set your watch by.

The Iran war, in its 11th week, showed no signs of a near-term resolution. U.S. President Donald Trump declared the truce was on life support after Tehran rejected a U.S. proposal to end the conflict, sticking with a list of demands Trump called garbage.

The notion of a protracted conflict raises the probability that spiking energy prices could metastasize into broader, more entrenched inflation. That has all but squelched hopes for an interest rate cut from the Fed this year under the presumed chairmanship of Kevin Warsh, whom the U.S. Senate confirmed to the Fed board on Tuesday.

Warsh is not going to be able to cut rates even if he wants to, and I don't think he will want to, Hatfield said, adding he was optimistic about Warsh’s Fed reform plans.

The odds of a rate hike are rising. Financial markets are pricing in a 30.5% likelihood that the central bank will implement a 25-basis-point increase to its Fed funds target rate in December, up from 21.5% on Monday, according to CME’s FedWatch tool.

Trump is scheduled to travel to Beijing this week to meet Chinese counterpart Xi Jinping to address an array of issues, including tariffs, U.S. military aid to Taiwan, China’s potential role in brokering a peace deal with Iran, and the extension of a trade agreement on critical rare earth metals.

The Dow Jones Industrial Average rose 56.09 points, or 0.11%, to 49,760.56, the S&P 500 lost 11.88 points, or 0.16%, to 7,400.96 and the Nasdaq Composite shed 185.92 points, or 0.71%, to 26,088.20.

Of the 11 major sectors in the S&P 500, consumer discretionary and tech suffered the largest percentage losses, while healthcare and consumer staples led the gainers.

Humana advanced 7.7% after Bernstein’s 36% price target hike.

GameStop dipped 3.5% following eBay’s of the meme stock trailblazer’s $56 billion takeover bid.

Zebra Technologies jumped 11.4% after the barcode scanner maker raised its annual sales growth forecast, betting on robust demand for its products that help automate manufacturing workflows.

Hims & Hers Health tumbled 14.1% after the telehealth firm missed Wall Street estimates for first-quarter revenue and posted a surprise loss.

Venture Global jumped 14.2% after the LNG exporter raised its annual adjusted core profit forecast.

Declining issues outnumbered advancers by a 1.79-to-1 ratio on the NYSE. There were 199 new highs and 125 new lows on the NYSE.

On the Nasdaq, 1,605 stocks rose and 3,134 fell as declining issues outnumbered advancers by a 1.95-to-1 ratio.

The S&P 500 posted 16 new 52-week highs and 29 new lows while the Nasdaq Composite recorded 62 new highs and 167 new lows.

Volume on U.S. exchanges was 19.63 billion shares, compared with the 18.08 billion average for the full session over the last 20 trading days.


 NEWS:

🎠 Should we
go hide
under a
rock now

Jim Chalmers' fifth budget had suffered from being oversold, overexposed and underachieved, reports The Australian today's website.

The highly political assurances before the budget that intergenerational inequity on home ownership between older and younger Australians would be addressed were the central theme, with a promise to address imbalances between wage earners and investors. [click to read more]

But the rebalancing of the system involved little more than a $250 ongoing tax offset for wage earners and a big tax hit in the outer years on investors, with no link to the supply of the 75,000 houses over a decade for Australians wanting to fulfil the great Australian dream". ● Once again, projected savings from the NDIS are the basis for optimistic forecasts ● Chalmers admits there were inflation pressures before the Middle East conflict and says inflation will go beyond 5% this year, Dennis Shanahan contends.

Fiscal management

Matthew Cranston contends Jim Chalmers has had a crack at improving the deficit and reforming taxes. Economists will argue it’s slim pickings and won't do much to reduce inflation or boost productivity, which is crucial for lifting GDP and making sure our paypackets and investments don't go backwards.

The Treasurer’s attempt to give back some of the tax the government takes from people through bracket creep, known as the Working Australian Tax Offset (WATO) is small.

It’s not means tested so it goes to all workers, regardless of their age or assets. Addressing what he calls intergenerational inequity will be a tougher sell than he thinks. ● New tax changes on capital gains, negative gearing an d trusts, as revealed by The Australian, will raise $77bln over the next 10 years ● Growth is set to slow significantly next year to just 1.75% as pressures from the Middle East oil shock flow through to households and weigh on spending

Cost of living

Rosie Lewis writes Anthony Albanese is doubling down on cost-of-living relief through the country’s tax system, unveiling a permanent tax offset worth up to $250 each year for more than 13 million workers.

Initially, the timing of this announcement looks a little curious. Why waste this vote sweetener at the start of the Prime Minister’s second term?

But the benefits of this new tax cut won't start flowing until 2027-28, by which stage the Labor leader will be rapidly approaching an election to gain a prized third term.

With the global fuel shock adding financial pressure to Aussie households, the tax offset applies to earned income and not all income, such as from investments.

This is a measure to appease the workers rather than investors and will be politically difficult to oppose in parliament.

It is not wholesale reform of bracket creep but - costing the government $3bln in its first year alone - an attempt to take back more of what workers lose to the tax man.

This is about making the tax system fairer for people who work for a living and it will no doubt form an important part of Albanese’s re-election pitch. ● A permanent tax offset worth up to $250 each year for more than 13 million workers ● Plus a $1000 instant tax deduction

Defence

Ben Packham muses nuclear submarines are devouring the Defence budget and no amount of accounting trickery will disguise the fact.

The budget papers reveal the AUKUS plan and the eye-wateringly expensive Hunter-class frigates are now consuming about 9% of the nation’s military spending.

Yet neither will make a serious contribution to the nation’s defence until the middle of the next decade.

The government claimed last month that the Defence budget was sitting at 2.8% of GDP under NATO standards". In reality, Defence is spending a hair over 2% of GDP when the figure is calculated as it always has been.

The result, buried in the government’s new National Defence Strategy, is it will take until at least the mid-2030s before the ADF is fit for purpose across all of its domains. ● AUKUS to cost $17bln over four years ● Defence spending at 2.02% of GDP in 2026-27.

Business

Eric Johnston summarises the Treasurer’s centrepiece housing tax reforms are set to deliver a shot of long-term uncertainty into the economy.

The changes to CGT and negative gearing will divert capital away from growth assets into income-producing assets like bonds and infrastructure.

These are major reforms but the expected risks to a housing market far outweigh limited upside to housing supply.

Elsewhere Jim Chalmers promises spending restraint but outlays this year still jump 5.2% from last year. This keeps pressure on inflation and the chances of at least two interest rate hikes this year.

The nascent data centre industry has replaced the once-hyped green hydrogen sector as the next big hope for Canberra, as a big construction pipeline underpins business investment.

Treasury forecasts non-mining investment growth of 5% in 2025-26, 3% in 2026-27 and 2.5% in 2027-28, countering sluggish capital expenditure in the traditional powerhouse of mining.

The Treasurer said the robust outlook for business investment was backed by a strong pipeline of data centre and renewables projects.

Growth is set to slow to 1.75% this year, before lifting to 2.25% next year. ● Non-mining investment growth of 5% in 2025-26, 3% in 2026-27 and 2.5% in 2027-28 ● Businesses and manufacturers have access to $1bln in interest free loans to help ease supply chain bottlenecks.

Wealth

Julie-anne Sprague reveals the biggest shake-up to wealth taxes in nearly three decades will raise $8bln over the next four years and leaves investors little room to manoeuvre.

Changes to capital gains tax discounts and negative gearing are teamed with a crackdown on discretionary trusts and a minimum CGT tax rate of 30% from July 1, 2027.

This will capture more tax from those who move to offload assets when they retire and enter marginal tax rates.

Existing assets will be grandfathered, effectively locking in strong asset growth for investors who have ridden a boom in property and shares over the past decade.

It makes it more challenging for Millennials and younger Generation Xers looking to tap equity in their homes to build wealth in a similar fashion to their parents. It will make the family home, which remains exempt from CGT, a far more attractive place to park capital and could mean less people downsize to free up family homes.

More backyards may disappear as savvy investors move to gain exemptions available by adding to existing housing stock.

This includes homes built on vacant land as well as demolishing a home so long as at least two dwellings are built in its place. Treasury modelling suggests house growth will be 2% lower due to the changes. ● Negative gearing scrapped except for new builds and shares. Arrangements will remain unchanged for all existing investments made before 7.30pm AEST on May 12, 2026 ● Replacing the 50% capital gains tax (CGT) discount with inflation-adjusted indexation from July 1, 2027 ● A minimum 30% tax rate on discretionary trusts from 2028-29.

Aged Care

Stephen Lunn reckons Mark Butler promised that in a budget big on intergenerational equity, Australians aged over 80 would not be forgotten.

His government has not forgotten them but it has fallen short on funding to deliver the care and dignity he says they deserve, for both in-home and residential care.

Older Australians want to remain at home as long as possible but this budget is opaque at best on how many new Support at Home packages will be rolled out in coming years.

This is significant given previous estimates of a 200,000 shortfall of packages and a government commitment in the 2024-25 MYEFO to provide Support at Home to an additional 300,000 Australians over 10 years. Where are they?

The other concern is the undersupply of residential aged care beds. Butler accepts much more building needs to be done but the budget is only committing to incentivise construction of up to 5000 beds a year, when the actual need is more like 10,000. ● $3.7bln additional aged care spend over four years ● Support for 5000 new residential aged care beds each year ● $1bln within Support at Home to make showering, continence management and dressing a free service ● $390m to bring forward release of Support at Home places in 2026-27 ● $200m to support specialist dementia care units.

Health

Natasha Robinson writes at first glance, this is a very Labor budget in health that beds down the Albanese government’s big initiatives in universal healthcare.

Medicare Urgent Care Centres are now permanently funded, the government is stepping in to fund bulk-billing clinics in areas of market failure an d there’s more public funding for critical medicines.

But there’s a sting in the tail of this budget that will alarm the medical profession. It’s a $146.8m Medicare compliance spend with hugely ambitious targets.

The government is aiming to claw back an enormous $674.1m over four years from Medicare fraud detection.

Wastage from Medicare is a huge issue but commonwealth compliance bodies have not always acted with fairness, so these targets will no doubt prove highly contentious. ● Medicare Urgent Care clinics now funded permanently ● Federal government to directly fund bulk-billing clinics in areas where no doctors will bulk bill ● Adult public dental services to be funded for disadvantaged patients for the first time ● Huge new compliance program aims to reap $230m a year from cracking down on Medicare fraud.

NDIS

Sarah Ison reminds those familiar with the National Disability Insurance Scheme weren't expecting many surprises in the budget papers after NDIS and Health Minister Mark Butler made nearly 20 announcements in a one-hour National Press Club address last month, complete with commitments on average growth rates and savings to be banked over the next four years.

And yet, seeing the budget bake in a growth rate of just 0.2% at one point over the forwards was still stunning.

So was the $185bln the government said it would save over the next decade. There are obvious questions over whether Labor can feasibly achieve this when the NDIS is currently growing at about 10% a year, which the government seems clear eyed on given the budget stated scheme projections are liable to change as significant reform initiatives are implemented and the scheme continues to mature".

Anthony Albanese would be fearful of some changes ∼ like the inability to shift people off the NDIS when push comes to shove ∼ and hopeful of others, like Queensland finally agreeing to sign onto Thriving Kids and other programs to support those outside the scheme, known as foundational supports.

Was it wishful thinking that the government still baked in a $57m-a-year spend by the Crisafulli government as part of the yet-to-be-finalised agreements?

Or was it confidence, given a less-than-subtle line in the budget stating that, of the $185bln to be saved over the decade, $33bln would be reductions in state and territory NDIS contributions and go right into the pockets of pesky premiers? ● Annual growth is projected to reduce from the current rate of 10% down to 4.7%, 0.2% and 0.9% over the forwards, before growth normalises about 5% ● The moderation in growth will save $38bln over the forwards and $185bln over the next decade ● States' annual NDIS funding contribution to reduce by $33bln over the next decade ● Budget papers include Queensland’s yet-to-be-finalised contribution to Thriving Kids, baking in a $57m spend each year ● Thriving Kids details revealed, with the program to include $125m for a Medicare-funded, three-year-old health assessment and $120m to provide information to parents, including a national autism information and advice helpline.

Education

Natasha Bita musess mean cuts to spending for struggling students smacks of hypocrisy by a Labor government that claims to champion young Australians through intergenerational equity.

Students with a disability will be affected by $417m in savings, as the Education Department claws back supposedly dodgy disability loadings'' paid to schools over the next four years.

This money helps schools pay for teacher aides, interventions and classroom resources to help the growing number of children identified with physical disabilities, learning and behavioural problems, or common disorders including autism and ADHD.

The Albanese government is also slashing its investment in student engagement and wellbeing - cutting spending from $4bln this year to $1bln in 2026-27 and 2027-28 - a cut that may well result in vulnerable students dropping out of school.

In last year’s election-bribe budget, the government forgave 20% of HECS student loan debts for university graduates. This year, new students miss out on any assistance. So much for intergenerational equity.

Families are likely to pay more for childcare next year, given the budget does not show ongoing taxpayer subsidies to cover the 15% pay rise the government gifted childcare workers over the past two years. In return for the cash, childcare centres had to cap fee increases to 4.2% - but next year they will be free to raise prices to cover the costs.

Education is the foundation of national productivity and social cohesion, so this budget will disappoint those who expected smarter investment in a clever country''. ● $472m cut to disability loadings for school students ● Childcare subsidy payments to rise 35% over four years ● Public school spending to rise 18.4%, private school spending to rise 19.3% over four years ● University teaching payments to grow 33% over four years, with funding funnelled to disadvantaged students.

Housing

Anthony Galloway reports there’s no shortage of new spending on housing in this budget, headlined by a new $2bln fund for enabling infrastructure like roads, water, power and sewerage.

But we've seen this story before: Labor has spent many billions of dollars on housing since coming to government, yet it’s way behind track on delivering its target of 1.2 million new homes by 2029.

This latest commitment comes with a catch for states and local councils: apparently, they only get access to it if they take on NIMBY planning laws holding back housing supply. But the details on how Canberra is going to force these changes remain scant. ● $2bln over four years from 2026-27 for the Housing Support Program - Local Infrastructure Fund to provide funding via states and territories to support local governments and state utility providers to expedite the delivery of enabling infrastructure for new housing. Funding contingent on states committing to reforms to improve productivity in the housing sector, including faster and simpler approvals, releasing more land ready to build homes an d delivering a genuinely national construction code" ● Extending the ban on foreign investors buying existing homes until mid-2029.

Wages

Ewin Hannan reckons it’s official: Donald Trump has delivered a real wage cut to millions of Australian workers.

After a streak of real wage growth under Labor, treasury says surging inflation driven by the Middle East conflict will outpace growth in pay packets this financial year before workers return to a more favourable position by mid-2027.

But given the war is far from resolved an d the inevitable economic aftershocks are yet to be quantified, it’s hard not to be sceptical about Treasury’s claim that inflation will return to 2.5% in 14 months an d wages rises will again be above CPI.

Indeed, Treasury’s budget commentary admits significant risks surround its forecasts; that the war’s inflationary effects are expected to continue through the coming year and, in fact, CPI could remain persistently high", especially if the impact of the conflict is more severe than expected.

Such caveats require little translation and should concern the Fair Work Commission as it prepares to rule in weeks on the ACTU’s above-inflation wage claim for three million workers. ● Workers to suffer real wage cuts this financial year ● Apprentice support funding to be slashed by $300m and redirected into employment services.

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 LOCAL CHATTER:
Hunter Warbirds hangar is the scene for the HTBA Thoroughbred Stud tour starting at 8:00am today and going through to 3:00 as part of Scone Horse Festival week. Scone Arts and Craft exhibition is open at the Scone Arts & Craft Centre 10-4:00 and the Primary School Arts Prizes exhibition in the Upper Hunter Library is running from 10-5:30pm. There is a Sports Trivia night on at the Scone Bowling Club at 6:00pm and the Hunter Thoroughbred Breeders Assoc. awards night is on at the Scone Race Club at 6:00pm and goes through to 10:00pm.

 NEWS:

😒 Red and
Sumo
turned off

A shocking investigation reveals power companies are forcing loyal customers to endure marathon hold times exceeding an hour just to negotiate their bills, the Daily Telegraph newspaper reports today.

Red Energy and Sumo Energy took the longest to pick up the phone with one call made to Red Energy lasting for a total of 68 minutes.

Sumo Energy’s longest call was noticeably quicker with a hold time of 26 minutes.

In the middle of the pack was Origin Energy, Alinta Energy and AGL with the longest hold time being Alinta Energy with 26 minutes without an answer.

Close behind was Origin energy with a total time of 17 minutes and lastly AGL with 16 minutes.

The quickest hold times recorded by the Telegraph were Energy Australia and Engie both playing hold music for less than 10 minutes.

When calling each company it was made clear it was an existing customer that was seeking to transfer their power to another property.

The survey was conducted after multiple Daily Telegraph readers reported poor customer service experiences with energy providers especially when trying to talk to someone over the phone as an existing customer.

While the Telegraph does acknowledge the sample size of the survey was small it still reflects the issues experienced by multiple Tele readers.

Project manager and app developer Steven Davis was fed up with the lack of customer service he experienced when trying to negotiate his power bill.

It should just be a simple transaction … you put us on the best plan that you have rather than we have to chase around and ring you and then be on hold for a long time just to switch.

Mr Davis also expressed his concerns for elderly customers.

They just don't have the time for that or can't be bothered with it because it’s just too much hassle. They've got better things to do with their lives than chase after energy companies to change something that they feel should have been done already, he said.

Consumer champion founder Adam Glezer says long wait times can leave a bad taste in the mouths of loyal customers.

They should concentrate on harnessing that long-term relationship rather than just trying to get new people … because one regular customer is worth a lot more than a new customer that may or may not stay on, he said.

Ed: We have had similar experiences with Red Energy that’s why we won't use them.

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🚗 Toyota hit
hard by
Strait's closure

The world’s biggest carmaker is set to haemorrhage more than $26bln it has been revealed and it’s put all the blame on one event, reports news.com.au website today. [click to read more]

And that is just the start of Toyota’s financial pain, according to the company itself.

The Japanese car giant reported a $5.9bln hit to profits in the Japanese fiscal year (April 2025 — March 2026) due to soaring costs for parts and materials and low vehicle sales in the Middle East.

We are gravely assessing the situation because one cause was our slowness in changing the operational structure from a mid to long-term perspective and failing to plant the seeds for future growth, executive vice president Yoichi Miyazaki said.

Inflated materials prices cost the brand an additional $3.5bln, while it lost $2.3bln in dropped sales.

According to Reuters, Toyota’s chief accounting officer, Takanori Azuma, said the impact of the Iran war is being felt in various areas, including fuel costs, transportation expenses and the prices of paint and other materials used in vehicle assembly plants.

We do not believe we can fully offset the negative 670 billion yen Middle East impact, Azuma said.

Japan imports roughly 70% of its aluminium from the Middle East.

And along with higher oil and fuel prices, the cost of tyres has also been impacted.

According to the Trump administration, a deal to open the Strait of Hormuz is on the table and it is up to Iranian officials to accept it.

Toyota Motor Corp does not see the situation in the Middle East, particularly the blockade of the Strait of Hormuz, easing anytime soon.

As a result, the Japanese company expects its net profit for fiscal 2026 to fall by 22% to $26.3bln.

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🏥 Wrong name
for women's
syndrome

Unprecedented' global effort gives new name to polycystic ovary syndrome — and new hope to millions of women, The Guardian informs. [click to read the rest of the story].

After more than a decade of global consultation, polycystic ovary syndrome (PCOS) ∼- a condition that affects one in eight women ∼ has been renamed.

The hormonal disorder, estimated to impact 170m women worldwide, will now be known as polyendocrine metabolic ovarian syndrome (PMOS).

The name change was published in the Lancet and announced at the European Congress of Endocrinology in Prague yesterday, after 14 years of collaboration between international societies and patient groups across six continents.

The renaming was spearheaded by the endocrinologist Prof. Helena Teede, the director of Melbourne’s Monash Centre for Health Research and Implementation. For too long, experts including Teede say, the misleading nature of the term polycystic in PCOS contributed to delayed diagnosis and inadequate medical care.

Announcing the new name at the European Congress of Endocrinology in Prague, Teede said the term PCOS didn't capture the multi-system burden that people with this condition have suffered and that it directs attention to only one organ.

PMOS is hoped to better reflect the condition’s complex nature — which affects not only the reproductive system in people assigned female at birth but also the metabolism and the risk of diabetes and cardiovascular disease.

The first thing Maddy Mavrikis was told by her GP when she was diagnosed with PCOS at 15 was that she would probably never have children.

She would later learn that was not true.

Much of her experience of the condition has been confusing and required unlearning what she was first told — starting with the name.

I never had ∼ and still don't have ∼ cysts on my ovaries, so never really understood why I was diagnosed with 'polycystic ovaries', she says.

Mavrikis initially went to her doctor because of irregular periods and a blood test revealed she had high levels of androgens. All women have these male sex hormones but women with PCOS can have an excess, which also explained Mavrikis' other symptoms, including acne and excessive hair growth.

Hormone imbalances can also result in polycystic ovaries — a term which in itself is a misnomer, as what appear on ultrasound to be ovarian cysts are in fact eggs in arrested development. People can be diagnosed with PCOS without ovaries that appear polycystic — Mavrikis' ultrasound revealed she didn't have any, though her GP insisted she would eventually develop them.

The doctor also found she had insulin resistance, which affects most women (about 85%) with PCOS.

Mavrikis remembers her mother ∼ who works in pathology and knows a lot about hormones because she tests them all day ∼ questioning the doctor about the name; wasn't her daughter’s condition more of a hormonal one?

The new name will reflect that. Teede says the term polycystic risked confusion with true ovarian cysts, which can enlarge, bleed and require surgery. There are no abnormal cysts in PCOS, she added.

Teede says the new name moves away from the incorrect focus on cysts … to recognising this is a much broader condition. The effects of PMOS on the body are virtually all endocrine — hormonal, she says.

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 COMMENT:

Murrurundi Times news site with items covering national news and Upper Hunter region including the township of Murrurundi
While cities welcome visitors to Gadigal country", a little girl’s death reveals the devastating truth about life in remote Australia, Peta Credlin writes in the Daily Telegraph today. [click to read more]

It’s all very well welcoming people to Gadigal country in Sydney but how about we talk about the reality of life for so many Aboriginal people living outside our big cities.

Because it is the life lived in town camps ∼ best described as hellholes by Alice Springs local Senator Jacinta Nampijinpa Price ∼ that’s far more urgent today than who arrived 250 years ago.

We're not supposed to talk about Sharon Granites any more ∼ the sweet little five-year-old abducted last weekend ∼ because she’s dead. Her family want her described as Kumanjayi Little Baby for cultural reasons.

Modern day aboriginal culture

But it’s modern-day Aboriginal culture ∼ the unemployment, family dysfunction, and substance abuse that characterises remote Australia ∼ that’s led to her tragic, premature death.

The bed that this little girl was abducted from was a grotty mattress on a filthy floor, in a room full of empty Jim Beam bottles. Her father was in jail and there'd been a bit of a party before she disappeared. The DNA of two persons has been found on her underwear. Her accused killer was a frequent prison inmate too, not long released.

We talk a lot about reconciliation for the wrongs of the past. But what about rectifying the wrongs of the present? We argue incessantly about the failures of government to end Indigenous disadvantage but what about the failures of Aboriginal people too?

Town camps natorious

The town camps around Alice Springs have been notorious for years. Very few residents have real jobs, very few of the children go to school regularly, the police often feel powerless to enforce the law because they won't be supported by woke magistrates and weak governments and child protection officers feel they can't do what they otherwise would, for fear of creating another stolen generation.

Just because people happen to be Aboriginal doesn't mean that different standards apply.

The government says that this is not the time to talk about policy change. But if it’s not done now, everyone will move on until the next child dies.

Ask yourself this, would the outrage be different if this little girl and her alleged killer were from a nice suburb in the city? Where are the activists?


Murrurundi Times news site with items covering national news and Upper Hunter region including the township of Murrurundi
It took scarcely a moment, once Globalise the intifada began to be chanted on our streets and campuses, for its champions to insist the phrase meant nothing of the sort. Intifada, they patiently explained, simply meant struggle; the slogan was no more than a plea to internationalise the cause. According to the Palestine Action Group and its Islamist allies, who rallied in Sydney earlier this week, to claim otherwise is to misread the Arabic, Henry Ergas writes in the The Australian today. [click to read more]

The defence is not merely intellectually dishonest; it reveals why it is only words is among the most dangerous sentences people permit themselves to believe.

As an Arabic noun, intifada does indeed possess an old, generic sense: a shaking, a dusting off. That is hardly unusual: holocaust once meant nothing more than a burnt offering; pogrom, in Russian, mere devastation; nakba, in Arabic, a misfortune ranging from mishap to calamity.

Words such as these begin life as ordinary common nouns. But each was claimed by a particular event: from 1945, the Holocaust; from 1987, the intifada. After that, the generic sense survives only in the dictionaries. It does not survive in the public mind.

Linguists call the process prototype entrenchment. The mind, hearing a word, reaches for the most vivid, most repeated, most emotionally charged instance and treats that as what the word stands for. Once the historical event has acquired that role, the bare definition recorded in the dictionary can no longer be peeled away from the moral, emotional and political charge the word has come to convey. To hear "Globalise the Holocaust" in 2026 and think proliferate the supply of burnt offerings is to misunderstand spoken English.

Struggles in the abstract

Exactly the same is true with intifada. Its prototype, in the global imagination, is not struggle in the abstract: it is two uprisings whose iconography, indelibly embedded by the violence that broke out in September 2000, includes suicide bombings of buses, restaurants and a Passover Seder. That is what the word now carries, not at its margins but as its core. The defender of Globalise the intifada is in effect asking language itself to forget history. But human communication does not work that way.

The point is more general: a slogan is not a sentence, and the test of whether one has understood it is not whether one can render it in a dictionary gloss. It compresses an entire moral world - heroes, villains, demands, threats — into a phrase made for chanting, and succeeds by being two things at once: precise enough to be grasped, ambiguous enough to be denied.

Paul Grice, one of the 20th century’s most important linguistic philosophers, gave the manoeuvre its name: implicature, the part of communication that travels not by what one says but by what one obviously means. To remark I am not going to call him corrupt is to inform the room that he is corrupt.

The structure is double-jointed: tested under cross-examination, the speaker retreats to what was literally uttered and accuses the critic of putting words in his mouth. The implicature does the work; the deniability provides the shelter. Globalise the intifada provides a textbook case.

Internationalising the struggle

A public forum, called Why it’s right to say: globalise the intifada, at a park in the Sydney suburb of Redfern, after City of Sydney lord mayor Clover Moore announced council had revoked the organisers' booking of City of Sydney-owned venue.

Pressed in a courtroom, the chant is glossed away as internationalise the struggle. Chanted from a stage on a Saturday afternoon, it means burnt buses, bombed cafes, murdered children.

The audiences who hear it ∼ on both sides ∼ hear that second meaning with perfect clarity. A slogan that everyone really took to mean only internationalise the struggle would hardly stir emotions; what does the stirring is precisely the violent imagery the speaker can also deny.

The genuinely dangerous moment, however, is not the slogan in isolation; it comes once the slogan begins to repeat.

Victor Klemperer, the Jewish philologist who retained his sanity during the Third Reich by recording its language in his diary, observed that the regime’s most powerful instrument was its vocabulary, not its decrees: a handful of words, drilled into daily life, did more to remake ordinary Germans than any speech. Fanatisch, once unambiguously pejorative, became under repetition a term of praise.

Slaughter of millions of Jews

Aktion became the bureaucratic veil behind which mass shootings disappeared — to incite an aktion was to incite the slaughter of millions of Jews, without actually saying so. Those shifts required no argument, only iteration.

Repetition is, in short, normalisation: hear a phrase once and it can shock; hear it for the 200th time and it has become part of the air we breathe. The extreme becomes ambient; the ambient, obvious; the obvious, embarrassing to question. Thus, each repetition of Globalise the intifada wears the menace in rather than out. The cost of saying it falls while the cost of objecting rises. What was once unsayable becomes ever easier to say.

Repetition does its most lethal work, however, not on the solitary newspaper reader but on bodies in a crowd. Slogans are designed not to be murmured but to be chanted rhythmically in unison. Once a phrase enters a crowd, it ceases to function as communication and begins to function as synchronisation. Voices align, breath aligns, sometimes feet align. Individuals shed the small frictions of doubt and hesitation that, in private, would have given them pause.

Sociologists call this collective effervescence and anyone who has been in a stadium at the right moment has felt it. What was an idea in a single skull becomes a felt fact across thousands. Disagreement is not refuted; in the passion of the moment it simply ceases to be available.

Pioneering scholars of mass behaviour

This is what the pioneering scholars of mass behaviour ∼ Gustave Le Bon, Gabriel Tarde, Emile Durkheim, Sigmund Freud, Elias Canetti ∼ meant by a crowd having a kind of mind. Not a mind in the literal sense but something far more dangerous: a temporarily uniform attention, a uniform emotion and ∼ crucially ∼ a uniform sense of who is us and who is them. Slogans are the instrument that does the tuning: and they are, as Canetti observed in the rise of Nazi antisemitism, the tool that drills in the hatred.

Put these mechanisms together and the result is not innocent speech but the manufacture of an atmosphere. A word historically captured by a violent prototype, dressed up in a deniable paraphrase and chanted by bodies whose private hesitations have been switched off — that is the recipe by which a society talks itself into permission.

It tells one group who it is by telling it who its mortal enemy is. And it tells the other ∼ nowadays the Zios ∼ that they are no longer part of the moral community. It hardens the shouters against dialogue and compromise. And it thickens the air with the sense that violence, when it comes, will have been only the natural conclusion of what everyone already knew.

Slogans are innocent?

The historical record is unambiguous: where crowds are taught to chant a word that already names a massacre, the distance between word and violence, speech and act, never grows: it shortens.

The claim that slogans are innocent has always been a flattering one because it relieves us of the duty to attend to what is being said. It allows us to continue repeating comforting platitudes about freedom of expression. But words are not inert, and chanted words least of all.

Whatever else Globalise the intifada may mean in the dictionary, what it means in the street is what we must be willing to hear. Pretending otherwise is not tolerance. It is how societies learn, slowly and without noticing, to live with the unforgivable.



 FEATURE:

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What's the one thing that every pundit and certified member of the Fourth Estate knows? Why, it's that MAGA is finished.

MAGA
isn't
finished!

Roger Kimball in Spectator Australia.



H

ow many stories have we been treated to about 'the fracturing of MAGA?' NPR knows it, Politico intuited it, Salon bet on it and the New Republic salivated over it. 'Trump's MAGA Base Splits Dramatically,' that anti-Trump orifice recently crowed. 'New poll shows Donald Trump's support continues to drop.' Then of course there is the The New York Times, which has predicted and rejoiced in the death of MAGA again and again.

That is ∼ that was ∼ the narrative. What is the reality? Yesterday's primaries tell a very different ∼ in fact, contradictory ∼ story. MAGA's vitality was reaffirmed, as was President Trump's potency as a political imprimatur. Across the board, a majority of the candidates he endorsed trounced their Republican in name only (RINO) rivals

Not what we read

At least 26 MAGA Republicans won last night. Indiana, Michigan, Texas, North Carolina. Wherever there was a primary, MAGA triumphed. In Ohio, Vivek Ramaswamy took some 85 per cent of the vote, winning in every single county.

Those are the facts. What is their significance? I think Kurt Schlichter is correct.

He wrote: MAGA's vitality has been reaffirmed
Inevitably the RINOs will take the wrong lesson from tonight's brutal discipline. They will think that because they personally offended Trump, they got defeated. That's not it. Trump is not our leader. He is our avatar. You dummies screwed with the base and the base, not Donald Trump, made you pay.

Right on cue, the New York Times corroborated Schlichter's prediction. 'Rather than a contest between moderates and conservatives,' this fish wrap of record intoned, 'the primaries became a test of how much deference Republicans owe Mr. Trump and how much control the President holds over rank-and-file voters.'

I would say that this stunning victory is a wake-up call for RINOs, but it isn't. Their narcolepsy is terminal

Demos abandon country

The same can be said of the Democratic party, which, in abandoning their country, also abandoned their electoral prospects.

If you don't know the work of the woman who writes under the name 'LHGray', you should. She is as perceptive as she is amusing, though her diction is not for the faint of heart. 'The Democratic party, as it staggers toward the 2026 midterms,' she wrote in response to last night's political dégringolade, 'is not merely losing.'

It is structurally, psychologically, and philosophically finished … a once-formidable machine reduced to a necrotic loop of obsession, fantasy, and self-sabotage. And the republic is not mourning the loss. It is moving on without them. The Democrats built this cage. Now they will live inside it. Indiana? A bloodbath … RINOs who dared defy the redistricting will of the people got eviscerated.

Sufferings of the damned

All this is true. MAGA isn't finished. In the important work of eviscerating the Democratic party, it's just getting started. And let me add that painful process couldn't happen to a more deserving cohort.

Tertullian says that among the pleasures enjoyed by the blessed in paradise is the spectacle of the sufferings of the damned.

That celebration of Schadenfreude was later repudiated by the Church, but every red-blooded man and woman will recognise and smile at its psychological acuity.



 OVERSEAS:

Sam Sifton writes in The New York Times President Trump said yesterday that U.S. negotiations with Tehran were on "life support." Why? Among other things, Iran wants to maintain control of the Strait of Hormuz. A fifth of the world's oil supply flowed through that passage before the war, and now Iran has choked it off. Iranian attacks on passing vessels and a U.S. blockade of Iranian ports have trapped thousands of ships in the Persian Gulf, inducing a global economic crisis. The crisis looms over Trump's summit with China's president, Xi Jinping, later this week. Trump wants Xi to lean on Iran to reopen the strait. This keeps happening. Iran and Iraq stopped ships in the Persian Gulf during the war between those two countries in the 1980s. The conflict spread. Iranian forces intercepted ships bound for Iraq and its allies. It led to a small if deadly naval war that killed more than 400 civilian sailors and damaged 500 commercial vessels along with American warships. Iran's ability to control the strait is a recurring headache for U.S. military leaders. "If you ask me what keeps me awake at night, it's the Strait of Hormuz," one commander said in 2012. Fighting there, another said, "would be like a knife fight in a phone booth." Scholars have argued for centuries that no state can lay claim to the high seas, the ocean common. One jurist from the Dutch Golden Age came up with a term for it: mare liberum, or free sea. Which is fine out in the middle of an ocean. It gets a little more complicated closer to shore, and particularly with choke points like the Strait of Hormuz. For decades, the United States has argued that it has a right to freedom of navigation in the Strait of Hormuz. Iran, in contrast, has said that it can regulate traffic there. By what right? Can a nation declare the waters off its coastline as its own? How far out do those waters extend? I picked up some light reading: "Legal Vortex in the Strait of Hormuz," a 2014 paper by James Kraska, a professor at the U.S. Naval War College. It could have been written much more recently — like, in February. We spoke yesterday. Kraska has seen this conflict coming for more than a decade. What's going on in the strait is fundamentally a legal dispute, he told me. The U.N. Convention on the Law of the Sea, a kind of international constitution for the oceans, governs passage there. Neither Washington nor Tehran has ratified it but it reflects "customary international law," which means it is still supposed to be binding, Kraska told me. In other words, Iran can claim that its territorial waters extend 12 nautical miles from its shoreline, which is permitted by the treaty but only if it recognizes the right of free navigation through those waters. (Free navigation, Kraska noted. Charging a toll, as Iran hopes to do, would break the law.) Kraska told me about a similar conflict between Britain and Albania in the late 1940s, over the channel between Greece and the island of Corfu. In an effort to control that strait, Albania fired on Royal Navy warships. Mines in the strait killed dozens of sailors. It didn't lead to war. The case became the first one adjudicated by the International Court of Justice. It ruled that Britain enjoyed the right to sail through and that Albania had a duty to keep the strait clear of mines. Albania, a less powerful nation than Iran, complied. The precedent may end there.




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  • The tik-toks have it

    At Milan Design Week, just following Watches and Wonders, Jaeger-LeCoultre staged The Perpetual Timekeeper, a sprawling two-floor exhibition dedicated not to wristwatches, but to Atmos clocks-the mysterious, glass-encased objects that have quietly occupied one of the most intriguing corners of the maison's history since 1928. ROBB Report.

  • Lemon wins the cake!

    The government's $2 billion defence site sale has sparked fury from the National Trust, which warns Australia's "spiritual home of the Army" could vanish forever. "Just as the UK Government would never entertain selling off Sandhurst, or the US Government selling off West Point, the Australian Government must not consider selling Sydney's Victoria Barracks." However, Victoria Barracks, which has no less than 12 separate Commonwealth Heritage Listings on the one site, is not listed on the NSW State Heritage Register.



The Murrurundi Times is owned, compiled and written by Des Dugan. Email