10 things you need to know this morning in Australia

Don’t let all your dreams go up in smoke. Picture: Getty Images

Good morning.

1. NSW Police have a computer program which calculates a person’s future risk of committing crime. It admitted it after academic Dr Vicki Sentas wrote about the algorithm – the Suspect Targeting Management Plan – in a paper which claims kids as young as 13 reported were being stopped and searched in public several times a week, and visited at home by police late at night with no specific reason.

2. In federal power abuse news, employment minister Michaelia Cash yesterday said neither she nor anyone in her office knew about any raids on Australian Workers’ Union offices. But when she was caught in a lie by BuzzFeed, one of her media advisers took the hit:


We’ll just have to assume that media advisers don’t advise so much these days, preferring to act on impulse. Even Andrew Bolt wasn’t a fan of the Turnbull operation’s actions.

3. Inflation in Australia was an all-round soft result yesterday, fitting with weakness in Australian wage pressures over recent years. Headline CPI rose by just 0.6%, leaving the change on a year earlier at 1.8%, and killing a lot of expectation for a rate hike some time next year. It has now been below the RBA’s target in each of the past eight quarters.

Here’s what the economists think of it all.

4. On markets, the bond selloff continued as focus shifted to global central banks and their coordinated tightening of policy. The Bank of Canada kept rates on hold at 1% as expected, and business sentiment in Germany hit an all-time high. The pound and euro rose, while the Aussie dollar fell below US77 cents on the soft inflation data. Iron ore prices are going nowhere.

5. North Korea is now essentially daring the US to attack it. A senior North Korean official said its threat to conduct the “strongest hydrogen bomb test over the Pacific Ocean” should be taken at face value. If it does put a nuclear warhead on a launchpad, the US would have to seriously consider taking it out. Because all those movies you saw with electromagnetic pulses wiping out millions of lives are based on science fact. Cue a third US aircraft carrier en route to the Pacific.

6. Ready to learn a thing or two about rocket science from a tech mogul. A reddit user transcribed Elon Musk’s entire 42-minute presentation on colonising Mars which he gave in Adelaide last month, at the same time SpaceX published the slides. Fill your boots, space nerds.

7. How do you confuse a millennial? Put your YouTube ad right in the middle of their screen:

Score:

8. China’s Communist Party unveiled its top leadership for the next five-year term, and there was one key omission – a potential successor to President Xi Jinping. China’s constitution prohibits any president from serving more than two terms, but it’s largely a symbolic stipulation. So the move has experts and analysts scratching their heads about what it all means for China’s future.

9. Bloomberg reported that Apple won’t meet iPhone X demand next Friday because the hardware behind its Face ID is too hard to manufacture quickly. So, Bloomberg says, Apple has ordered the feature to be made less accurate. Apple says that’s “completely false”. But even if it is false, it still isn’t the best phone camera on the market – this is.

10. Depending on which academic you choose to believe, marijuana use can lead to manic depression, drug dependancy, epilepsy, schizophrenia, anxiety, heart attacks and erectile dysfunction. It can also make you fabulously wealthy, like it did for 22-year-old art collector Ben Milstein who has sold about $US350,000 in bongs since May. So, um, yeah.

BONUS ITEM: Gizmodo said it best:

Picture: Gizmodo

Yes, it is.

Have a great day.

You can get 10 things direct to your inbox each morning by punching your details into the form below.

Business Insider Emails & Alerts

Site highlights each day to your inbox.

NOW WATCH: Briefing videos

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.