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Big changes are occurring in the financial sector that suggest the climate change agenda is starting to lose crucial support with the world’s largest fund managers. As support for ESG goals wane, the conversation is shifting to nuclear energy. But does it make any financial sense?
By 2012, when the federal government first started reporting on staff-to-student ratios in universities, there was one academic for every 20 students. The most recent data, from 2021, shows that figure had increased to 23. As Australian students return for the new academic year, it will surely come as no surprise to find that ratio has worsened.
In the face of Australia's pressing housing crisis, is the solution merely a question of funds, or does it demand a deeper overhaul? Many are calling for a transformed government role, one that abandons the shackles of neoliberalism, prioritises social infrastructure, and champions the collective good over select interests.
Australia's housing market trembles as homeowners confront rising interest rates and mortgage defaults surge. Predicted by some a decade ago, this shift stems from years of speculative investing and homes transforming into commodities. The challenge now: can policymakers balance housing affordability without destabilising the market's value?
In a world where words wield power, 'Artificial Intelligence' is a semantic contradiction. As tech leaders sound alarms about AI's potential threats, the reality remains: AI scans data but can't replicate human thought or emotion. Are we, through misleading language, surrendering our humanity to machines?
Post-lockdown, many remote workers are now being asked to return to offices full time. Ongoing controversy around return-to-office mandates prompts a reconsideration: how can the debate on future work models include a fuller picture of human life, extending beyond mere productivity?
Does it matter that the Midsomer episode that has me so exercised didn’t mention attempted rape? After all, the guy was charged with murder — perhaps a more serious charge? And it is only a TV program for heaven’s sake. But even though occurring on a TV program, to not call out attempted rape is to trivialise it.
When we talk about ‘the economy’, we assume there’s only one worth knowing about: the market economy. That’s why we speak about the economy and GDP in the same breath: we treat the sum of goods and services produced and sold — and the profits we hope they’ll add to the bottom line — as our measure of the health of the nation. Which would be fine if the market economy was the only one that existed.
Financial markets are made up of human beings and human beings have always been storytellers — long before science, or modern finance, or accounting even existed. Accordingly, the main skill of successful analysts, advisers, financial gurus and commentators is the construction of compelling narratives. They are, if not exactly creators of fairy stories, not too far removed from it.
The Cup is stacked with horses from everywhere but Australia, is designed for celebrities and would-be celebrities to be seen rather than to see, and now restricts the space where the plebeians can ape the dress and the excesses of the privileged. Fortunately, the rain still falls on the rich and the poor alike.
In the first Chalmers budget we see a firm, albeit modest, assertion of the role of government in the long-term project of exiting the dismal and destructive era of neoliberalism and incrementally creating, in its place, a society where we have the collective resources to care for eachother, our planet and ourselves.
If Australia does draw back from globalisation — as opposed to trade, which will continue — then there should be more focus on our primary sector and how it could be better financed. Australia’s long history as a primary producer constitutes what economists call a ‘comparative advantage’: an economic area in which a country does best while giving up the least.