<<< Listen to the podcast >>>

Liberal preselection dramas aren’t over yet

Prime Minister Scott Morrison has justified his intervention to install Warren Mundine as the Liberal candidate for Gilmore, insisting the locals’ choice Grant Schultz had to be stopped because “you can’t bully your way into a seat”.

The way they’re behaving, you’d think they were 10 points ahead … instead of 10 points behind with an election less than four months away.

And don’t forget, they’re also broke.

Companies start to rejig dividends to avoid Labor reform

The trickle of listed investment companies paying special dividends to shareholders to beat Labor’s franking credit changes is threatening to become a flood.

Following in the footsteps of companies like Australian Foundation Investment Co, the $1.1 billion Brickworks Investment Company issued a surprise dividend on Wednesday morning and vowing to pay another one later this year.

This will put a hole in Labor’s budget plans.

According to Shadow Treasurer Chris Bowen:

Closing down this concession will save the budget $11.4 billion over the forward estimates from 2018-19, and improve the budget bottom line by $59 billion over the medium term.

This change only affects a small number of shareholders who have no tax liability and use imputation credits to receive a cash refund.

While those people will no longer receive a cash refund, they will not be paying additional tax.

More than 92 per cent of taxpayers do not receive a cash refund for excess imputation credits, and won’t be affected at all by this change.

Shareholders who may be affected will have the ability to adjust their investment decisions to limit any impact from this policy.

Or companies can do so on their behalf.

Poor Clive loses a court case

And that sound is hearts breaking across Australia.

Clive Palmer has lost his bid to permanently set aside proceedings against him for alleged breaches of the Corporations Act.

The former federal politician lodged a claim in the Supreme Court last year, seeking to stay the proceedings in the Brisbane Magistrates Court for an alleged “abuse of process”.

Poor Clive ($).

The Battered Wife is beaten down

Months of controversy have worn down The Battered Wife, with the north Queensland fish and chip shop closing after what its owner described as “an abusive witch hunt” from domestic violence groups.

Owner Carolyn Kerr made the announcement on the business’s Facebook page, saying after fighting off several investigations, she did not have the strength or money to pay for a Fair Work Commission audit sparked by another anonymous complaint.

USA Today turns to Twitter for validation

Using random Twitter comments to support your argument is pathetic. That’s what USA Today has done to bolster its wrong-headed pursuit of students from Covington High School.

This stinks of desperation:

And these are some of Jae’s 34 followers … do you think they were choosing selectively? Do you detect a theme?

Remember … they’re real journalists!

At least the horrible Joy Behar told the truth:

Joy Behar, a co-host of “The View,” said Tuesday that the media sometimes makes snap judgments because “we’re desperate to get Trump out of office.”

Behar was talking about the controversy surrounding the Covington High School students who were videoed at the Lincoln Memorial on Friday.

“So many people admitted they made snap judgments before these other facts came in,” co-host Whoopi Goldberg said, referring to video that showed Covington student Nick Sandmann, who was wearing a red “make American great again” hat, face-to-face with Nathan Phillips, a Native American activist.

“Is it that, we just instantly say ‘that’s what it is,’ based on what we see in that moment and then have to walk stuff back when it turns out we’re wrong,” Goldberg said. “Why is that? Why do we keep making the same mistake?”

“Because we’re desperate to get Trump out of office,” Behar said to laughter from the audience. “That’s why.”