So there is a bit on. So far this morning:
The government announced it had agreed to a deal with the Greens to get its environmental laws through the parliament – fossil fuel mining gets the status quo approvals treatment, water trigger remains in, minister can still scuttle projects, forestry exemptions to be reviewed in 18 months, land clearing gets harder. Nothing really for climate, no big save for the environment, but not as bad as it could have been.
The Coalition, which refused to seriously negotiate on these laws are now very sad and bitching and sulking like it is an Olympic sport.
The fossil fuel industry is sad.
The farmers’ federation is sad.
These are not bad things – they were both too happy with the original laws.
The Greens have won concessions for local content with the government agreeing to regulate the big streaming platforms.
Malcolm Turnbull got a portrait and had a bit to say about the demise of the Liberal party (he’s not too fussed)
The banking regulator has changed the rules around lending to make it harder for property investors to get loans, with tightening around debt to income ratios.
This has been set to about six times debt to income, which is unlikely to impact first home buyers but will impact people buying their 20th house
Barnaby Joyce is about to announce he is leaving the Nationals for One Nation.
No one really cares
Emissions data for the June quarter is out and we are wayyyy off track for meeting our 2030 targets

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