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It is no coincidence that Pope Francis chose to visit the Philippines before he releases his encyclical on the environment, and that he made a point of visiting Tacloban, which was ground zero for super typhoon Haiyan. This follows the recent UN climate talks in Lima, where Australian negotiators so regularly blocked consensus that they won us the 'colossal fossil' award for 2014 from environmental observers.
President Obama stole the G20 show with his mesmerising Queensland University address, after having dominated APEC with Xi Jinping and their climate change agreement. Such unrelated events challenge the belief that agendas can be centrally controlled, and that good governance is constituted by discipline and sole ownership of the agenda. More recently, the Senate has managed to call the shots and give priority to human good over ideology.
Thanks to Senators Jacqui Lambie and Ricky Muir, we can once again trust our financial advisers. There are some things that are worth paying for. If somebody else pays for something, it's likely that we will get what they want, not what we need.
Investing capital in the production of goods and services may create jobs, but it's not the best way to make money. It's more profitable to manipulate the financial system to create more money from money, which is why the finance sector does so well. The polarisation of wealth is less extreme in Australia, but we have our own capital-driven Ponzi scheme - the residential property market, which has become an exercise in making money out of money.
There has been an avalanche of divestment, including from the Rockefellers and the ANU, as they discern a lack of concern for environmental, social and governance issues. Shareholders attending Wednesday’s Commonwealth Bank AGM will hear a resolution requesting more transparency about the bank’s fossil fuel investments. But the bank’s response can seem like a game whose rules only become clear to its participants as they play it. Banks and other powerful organisations can still exploit any lack of clarity.
Satirist David Hunt's best-selling Girt The Unauthorised History of Australia prompted Joe Hockey to offer him a job as speech writer. There’s plenty of dirt. Australia was the place to be, writes Hunt, 'unless you were black. Or a woman. Or gay. Or suspected of being Irish. Or even worse, all of the above'.
I used to style myself a pacifist. Or hoped I was one. Or something. But that was before I had children. The minute I clapped eyes on my first-born, I realised that any threat to him would see me transformed into a murderous monster, and I later felt the same about his two brothers.
What is only now starting to come into focus is the extent to which the whole economy is in hock to house prices. A sharp fall in the housing market will put intense pressure on our major lending institutions, leading to a deeply depressing effect on all parts of the economy. The regulators, as ever, are taking a hands-off approach.