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What is often not expected or well understood is the effect of ‘lag time’ aftershocks in our regions following economic crisis. Lag time is an attribute of some rural, regional and remote communities and is most often seen in economically path dependent and single industry communities, many of which of course, comprise RRR Australia.
While the federal government has set a zero net emissions target by 2050, along with the states and territories and local councils in some areas, the steps that are taken to get there are vitally important. Yet there seems to be no signs of a rapid move away from fossil fuels.
The COVID-19 pandemic is starting to ease, but the economic and financial fall out has just begun. It is not as if the world economy was in good shape before economic activity was slashed and entire industries were shut down. Those fault lines are only going to worsen, and the consequences might be very dark.
Unfortunately, when it comes to limiting our emissions there’s no silver bullet, and there’s unlikely to be one before we hit an increase of 1.5 degrees. However, scientists do say that we already have all the technology we need to get to net-zero. What we don’t have is the political willpower.
A shift is afoot in the west's financial markets that represents the most important economic change since the emergence of the new financial instruments in the 1990s that ultimately led to the global financial crisis. It is likely to result in a new way of thinking about money, which will change the substructure of developed economies.
More than three billion single trips are taken during the extended period of travel. It is to China's great credit that these journeys occur incredibly smoothly, and on the whole with a convivial spirit. There is too often a tendency to minimise any praise about China's achievements, to the anger of Chinese citizens at home and abroad.
The stats are chilling. The rate of homelessness in the Northern Territory is 12 times the national average. Six per cent of all Territorians are experiencing homelessness. More than 16 per cent of Territorians under 16 are homeless. Twenty per cent of Aboriginal people in the NT are homeless. It's time to do something.
It is up to business to determine what the market wants. And business is being given a very clear message of market sentiment, through people protesting. For government to attempt to regulate this is a burden on freedom of speech and a significant imposition on the market mechanism, the very thing Morrison says he is trying to protect.
We're taught to think that aspiration means what you do alone, what sets you apart. As such it is a concept that is both lauded and loaded. Aspiration, neoliberal style, is a secular version of the gospel of prosperity so loved by the prime minister. God, or the Market, smiles on those who aspire to greater things.
Like the flying saucer people documented in When Prophecy Fails, they don't change their minds based on new material. Rather, the discomfort fresh edvidence causes them results in a renewed proclamation of their denialism, as they double down on that identity. The rhetoric might change but the structure remains the same.
One of the ironies of the intensifying tariff war between America and China is that that neither of the two giants seems to have a viable economic model. Both countries' systems are based on dodgy financial engineering and printing money, or just inventing new types of money out of thin air.
Bolsonaro has no interest in stopping the fires. As a declared anti-environment leader, he sees the largest rainforest of the world as a huge potential for investment. He promised to open the region to the development of agribusiness, so the fires consuming the Amazon are just part of the deal.
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