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Australia's business lobbies are fond of complaining that company tax is too high. Lower it, they argue, and the economy would become more dynamic and everyone would benefit. The reality isn't that simple. The combination of Australia's dividend imputation system and the compulsory super scheme greatly benefit Australia's big companies.
This week the Australian dollar reached its lowest point in three months. Tangible factors such as interest rates and trade with China influence its strength. But what really determines the direction of our currency is the whim of the currency traders. In that sense, the Aussie is is arguably the most 'unreal', or virtual currency in the world.
David Marr's withering piece on Tony Abbot completes the political trinity. These writers manage the impossible: they have me feeling sorry for politicians. Well, almost. I'm not sure if such magnanimity is allowed in an election year. But what a pleasure to discover those grey Canberran corridors harbouring such a chiaroscuro of emotion.
Lincoln's quest to end slavery is a centrally moral endeavor requiring political maneuvering and even underhandedness to achieve. Whereas Spielberg's Lincoln hums with quiet patriotic fervour, Django Unchained is pure irreverence and a vicious 'up yours' to the idiocy of white supremacy.
Money is not like water, that 'flows' around the world, reaching 'equilibrium', or experiencing 'volatility'. It is transactions between people, based on trust. It enables the cooperation that forms the basis of social life. Human beings should be at the centre. Yet that is the opposite of what is happening. Monday 27 August
Superannuation is not generally available before the age of 55. For most of the population of Australia this is scarcely a problem, as they are likely to live well into their 80s. But the average life span of Aboriginal Australians is much lower. Many will not live long enough to derive financial advantage from their super.
Even after the most dangerous financial crises ever seen, finance industry lobbyists still argue that the sector should not be too heavily regulated as that would be counterproductive. This is nonsense. Money is rules. It is a question of who sets the rules and what kind of rules they should should be.
The demise of Gunns, Tasmania's biggest paper and pulp mill, has been greeted as a triumph of environmentalists over business. The saga encompasses much more than that. It poses some deep questions about ownership and accountability in Australia's financial system which are yet to be answered persuasively.
Human beings have a bias towards a belief that the world is a fair place in which one's actions have appropriate consequences. This 'just world hypothesis' implies that those who suffer calamity must be at fault. It is the opposite of empathy and poses a serious challenge for those who seek to implement progressive social policies.
Money is not like water, that 'flows' around the world, reaching 'equilibrium', or experiencing 'volatility'. It is transactions between people, based on trust. It enables the cooperation that forms the basis of social life. Human beings should be at the centre. Yet that is the opposite of what is happening.
Labor speechwriter Graham Freudenberg observed that ‘the oldest, deepest, most poisonous debate in Australia has been about government aid to church schools’. The most dramatic episode in the history of church state relations in Australia was the Goulburn schools strike, which took place 50 years ago this month.
The Federal Court found that fair-skinned Aboriginal people were likely to have been 'offended, insulted, humiliated or intimidated' by Bolt's articles. Bolt lamented the passing of free speech in Australia. But free speech cuts both ways, and no freedom is absolute. Published 29 September 2011
181-192 out of 200 results.