By Andrew Bolt ~

Like millions of Australians, I fear I may have overestimated Malcolm Turnbull…

If I was too kind, it certainly wasn’t for lack of trying … His low points were covered in detail – his role in the collapse of insurer HIH, often described as his Achilles heel; his morphing of the national broadband network into a multi-technology mix, or MTM, otherwise known as Malcolm Turnbull’s Mess; his relentless undermining of Brendan Nelson.

When the book came out, while others were forecasting Turnbull would now enjoy multiple terms in office, I wrote that he would need the skills of Houdini to escape his political bind: where the public was behind him, the party wasn’t, and…

By Paul Homewood

h/t Joe Public

http://uk.reuters.com/article/china-solar-idUKL3N1BQ2CF

From Reuters:

China is struggling to pay billions of yuan in subsidies to renewable power generators following a rapid expansion of capacity, a planning agency official said this week.

Wind and solar power capacity has grown faster than expected in the last five years because of preferential policies that include higher tariffs paid for cleaner electricity, as the world’s biggest coal consumer tries to encourage alternative forms of energy.

But Zhi Yuqiang, deputy director responsible for price regulation at the National Development and Reform Commission (NDRC), said developers face a possible shortfall of 60 billion yuan ($9 billion) in subsidy payments this year owed to them by the government.

The subsidy gap had already reached around 55 billion yuan by mid-year, he told an industrial conference in Beijing on Tuesday, according to a transcript of his remarks obtained by Reuters.

“As the scale…