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At stake here is who takes responsibility for sector development in the arts as both a cultural and an economic good. Because right now, there is no national organisation or government agency whose role it is to take a responsible, long-term, national view, making sure there are programs in place to address key priorities.
The Australian economy rests on a decades-long property gamble that has disenfranchised younger generations. It is why the differing policies of the two major parties at the federal election take on an unusual significance. The voters' choice will go a long way towards determining if that generational split will get better or worse.
One of the most basic distinctions in finance, with which any stockbroker or fund manager is familiar, is that between equity and debt. As the global economy teeters on the edge of a debt and banking crisis, with global debt more than 300 per cent of global GDP, the merits of equity is something that needs to be better understood.
In light of the evidence, a national energy policy prioritising renewables should be uncontroversial. But is seems ideology is impermeable to evidence. Instead, we have the government continuing to try to pressure AGL into keeping the Liddell coal-fired power plant open despite clear-cut economic and environmental reasons for its closure.
Is it any wonder that when I came to work in the press gallery I was cynical about arts policy? In those lockup hours scouring budget papers it was clear yet again the arts would not see any wins. It wasn't always this way. Prime ministers and arts ministers of yesteryear produced arts policy informed by their personal and political interest.
I look at those who can't get enough Christmas sentiment and stimulation. They crave them to the same degree I crave a quiet night on the couch. I wish I could be like them, feeling, well, like 'all their Christmases have come at once'. [God no, please, never]
Once upon a time, usury was considered a sin and lending was subject to strict controls. Now, the world is in the grip of usury. It cannot continue. At some point it will have to be retired, or swapped to equity. A good place to start is third world debt, which is the most immoral variant.
'We need to recommit to work for all those who are able and willing. We need to recommit to social assistance for all those who are not able. We need to ensure that a life of frugal dignity is within the grasp of all citizens.' 2017 Rerum Novarum Oration by Fr Frank Brennan SJ
History tells us that we won't end homelessness in Australia by building more crisis accommodation, and it's clear we can't rely on the private market to fill the growing housing gap. We've known since 1988 that social housing plays a crucial role in reducing homelessness. So what's stopping us from investing in social housing and replicating the success we've seen in countries like Finland?
The anti-Russian frenzy in the United States amounts to little more than a great deal of evidence that the intelligence community suspects there might be a great deal of evidence that the Russians have been meddling. It has to rank as one of the biggest, and most orchestrated, blind alleys of modern media coverage. When a journalist says an anonymous ‘respected source’ thinks the Russians are up to something, this writer is always left wondering: respected by whom? His dog?
Seventy years ago Alan Paton wrote Cry the Beloved Country. His novel opened many Australians’ eyes to the wounded South Africa that lay behind its colonial surface. His elegiac conclusion was prescient of the two generations that followed.
The $6.2 billion the government will raise through a levy on bank liabilities not only shows how out of favour banks have become, it is also, in effect, a de facto tax on property lending - a counterbalance to negative gearing and capital gains tax breaks. It is a tax on property lending because nearly all the banks' loans are mortgages for housing, or business loans secured with property. Of course the banks will pass the extra cost on to their customers, so it becomes a tax on borrowers.