What we learned; Thursday 7 November
This is where we’ll leave the blog for today, but first a quick summary:
Questions about the central bank’s decision to keep interest rates on hold were levelled at Reserve Bank governor Michele Bullock at her regular parliamentary grilling.
Penny Wong said Kevin Rudd will “continue to do an excellent job” as Australian ambassador to the US.
Malcolm Turnbull warned Anthony Albanese not to “suck up” to the new US president and says Aukus is “a dud deal”.
The government announced a new minimum age limit will be 16 for social media platforms.
Ray Hadley announced he would retire from 2GB.
Kevin Rudd deleted social media posts critical of Donald Trump to avoid the comments “being misconstrued”, the foreign affairs department has confirmed.
Anthony Albanese confirmed he had a “very constructive” chat with Donald Trump this morning. Peter Dutton said the president-elect is “not somebody to be scared of”.
Nine Entertainment’s acting CEO Matt Stanton announced another $50m in cost cuts just months after cutting 200 jobs from the media business.
Labor revealed plans to electronically monitor some people freed from immigration detention.
The responsible minister called off meeting with the chair of Queensland’s truth-telling inquiry.
Tony Burke introduced a bill to increase power to send non-citizens to other countries.
The Greens said Labor was “trying to out-Dutton Peter Dutton” on deportation.
Labor will seek to publish the sealed robodebt findings at the “first appropriate opportunity”.
And public sector employees have reached 2.5 million people with wages of $232bn a year.
Enjoy the rest of your Thursday evening.
Updated
Australia’s big investors have been told to keep the faith on climate finance, with the United States expected to - again - dismantle climate policies under a Trump administration, AAP reports.
Chair of the Superpower Institute economist Rod Sims told an investor summit today the world must press ahead with climate action because president-elect Donald Trump will remove America from serious climate action.
He told the Investor Group on Climate Change’s annual conference in Melbourne:
The US can rejoin the ranks of like-minded countries when it is ready to do so.
Professor Sims, a former head of the competition commission, also urged the group’s members, who have $5 trillion under management in Australia, to get behind federal Labor’s Future Made in Australia program.
But be clear you are supporting its economic logic of addressing market failures, and particularly green energy intensive exports, and not supporting government funding to make things in Australia for its own sake.
If you think the world will not decarbonise, you think there will not be a sufficient market for our green energy intensive products.
But Australia can show the world what’s possible if it starts producing green iron, aluminium, fertiliser and green transport fuel, Prof Sims added.
