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Malcolm Turnbull to name winner of $50b bid to build submarine fleet

Prime Minister Malcolm Turnbull will reveal who gets to build Australia’s next submarine fleet. Photo: Alex Ellinghausen1. Submarines announcement due
Nanjing Night Net

Malcolm Turnbull is set to announce who will win the $50 billion bid to build Australia’s next fleet of submarines on Tuesday, a member of Cabinet has told me.

The timing is crucial for his political fortunes as it comes ahead of next week’s budget and the formal election campaign.  2. Budget tax cuts for the rich

And onto the budget, Phillip Coorey in the Financial Review reports those on higher-incomes are set to benefit from a tax cut, with Joe Hockey’s deficit levy on the rich due to expire and a boost for those on incomes of $80,001 or more. 3. Negative gearing election fizzer?

On Monday I wrote negative gearing would likely be a key election campaign battleground. Alan Kohler doubts it.

The Grattan Institute has identified those who are most set to benefit from the Coalition’s do-nothing policy on negative gearing: surgeons, anaesthetists, finance managers and lawyers. John Daley from the Institute on why the Coalition’s decision to rule out any changes is wrong.

Based on that finding combined with the mooted tax-cuts for those on higher-incomes, I reckon you’d be able to write Labor’s campaign slogan right here and now. 4. US Primaries 

Ted Cruz and John Kasich, the other Republicans vying for the US Presidential nomination, have played themselves right into Donald Trump’s anti-establishment hands by agreeing to gang-up and bow out of key primaries the other is favourite to win. The tactic is aimed at uniting those against Trump behind one candidate to deny Trump the 1237 delegates he needs to secure the nomination.

Trump responded as expected. 

On the Democrats side, Hillary Clinton has begun considering who would make her running mate. We could see the first all-female Presidential ticket in United States history.

The latest George Washington University Battleground Poll predicts a Trump-Clinton contest would be a dead-heat. 5. Better in, says Britain’s Home Secretary

Theresa May has given a significant speech on the EU. It’s quite nuanced and well worth reading in full if you are following the Brexit debate – whether or not Britain should stay in the EU or not.

In a nutshell, May says there are weaknesses with the EU – the European Convention on Human Rights is one and of course immigration the other.

But despite all that, the Home Secretary argues its still better for Britain to remain in rather than out.

Elsewhere, US President Barack Obama continued to plead for a united, strong Europe. 6. Star-studded cast act Hamlet

I live just near Shakespeare’s Globe in London and the area is abuzz right now with events and celebrations of Shakespeare’s 400th anniversary.

This blew my mind. If you have a few minutes today, you will not want to miss Tim Minchin lead a star-studded cast, including Judi Dench, Benedict Cumberbatch, Ian McKellen and even Prince Charles, sort out the important word in Hamlet’s most famous quote.  Enjoy.

That’s it for today, you can follow me on Facebook for more.

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This story Administrator ready to work first appeared on Nanjing Night Net.