10 things you need to know this morning in Australia

‘Broadband-killing MP on board.’ Picture: EasyJet

Good morning.

1. You might be trying to justify your No vote in the same-sex marriage ballot by telling yourself SSM couples will have lesbian, gay, bisexual, transgender, intersex and queer kids, and those kids will experience higher rates of poor mental health, self-harm and suicide than other young people. And you’d be right. But it’s not because the kids are gay – it’s because society treats them like outcasts and won’t let them or their parents get married. Here’s the Australian research which proves LGBTIQ+ parents have kids that are every bit as normal as yours.

2. And here’s something else that can make your kids suicidal – screen time. Three hours a day is enough to give them an increased chance, and you can add another 27% chance of depression into an eighth-grader’s life if they frequently use social media. But don’t just listen to the researchers – Steve Jobs and Bill Gates were limiting their kids’ access to screens 10 years ago.

3. In the US, suicide rates are up by 50% since 2000 for earners in the bottom 60%. Only a third of that 60% have any retirement savings, and only a third can save any money at all. That 60% is the focus of Ray Dalio’s latest note which is a brutal analysis of the US economy right now. And it’s all happening as the US stock market teeters on the verge of making history with this run:

4. Meanwhile, the Westin New York Hotel in Times Square will begin selling a $US1,000 bagel topped with Alba white truffle cream cheese, goji berry-infused Riesling jelly, and gold leaf flakes, for a limited time starting November 1. You people.

5. So that’s 242 days straight the S&P has closed without a 3% drawdown. But it was down, a little, as were the Dow and Nasdaq, ahead of some 200 companies set to report earnings in the US this week. The US dollar closed higher, climbing against the euro, and it looks like another quiet session for the Aussie. All the big cryptos endured a selloff, and even one of the biggest Wall Street scammers of all-time, The Wolf himself, said ICOs were a scam. Iron ore was choppy.

6. Yesterday, Malcolm Turnbull said the NBN was a mistake and said Labor stuffed up by setting up a new organisation to build the network. But CEO Bill Morrow said the change to the Turnbull mixed-technology model “increased (its) complexity”. And last night, on Four Corners, former NBN CEO Mike Quigley said he was incredibly disappointed the chance to “build a first-class network that would set Australia up for the future was squandered”, because of politicians. And he means all politicians.

7. Also making awful history, the New York Yankees lost Game 7 of their division championship on Saturday, scuttling their hopes of a World Series this year. Since 1973, the Yankees have gone 9-0 in the World Series under Democrat rule, and 0-4 when Republicans were in the White House. Former Obama official Eric Columbus has a theory:

8. British TV presenter Jamie East asked the question:


And EasyJet replied by posting the never-before-seen video used for training new staff in the secret codes they will be using on-board. And here’s a beautiful time-lapse video of a massive Airbus A330 getting built piece-by-piece.

9. Here’s another hot tip from an airline industry insider. CEO of Scott’s Cheap Flights, Scott Keyes, showed us the credit card trick he uses to get millions of free miles. And you don’t even have to buy anything.

10. Because your commute wasn’t miserable enough, the University of the West of England has discovered that adding an additional 20 minutes of commuting per day has the same negative effect on job satisfaction as receiving a 19% pay cut.

BONUS ITEM: World’s fastest man in car takes world’s fastest man on legs for circle-work lesson:

Have a great day.

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