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On 8 October, at its 48th session, the United Nations Human Rights Council formally adopted a resolution recognising the human right to a clean, healthy and sustainable environment. It emphasises that ‘environmental degradation, climate change and unsustainable development constitute some of the most pressing and serious threats to the ability of present and future generations to enjoy human rights, including the right to life’.
Over the last two years, money printing has created the illusion of strength in savings. But when reality resurfaces, and actual returns are required from actual economic and business activity, the global financial system will come under extreme stress.
The Australian Government’s decision to buy nuclear-powered submarines has brought to the surface once again big questions around how governments should spend money, particularly during a pandemic. The Government has ditched a $90 billion plan for French submarines in favour of even more expensive boats from the United Kingdom or the United States.
It has now been over a month since the Taliban seized Kabul. As attention inevitably shifts elsewhere, the painful question arises: What's next? Is this another 'back to the future' moment? The signs are grim. Over the last two weeks, the Taliban have issued a number of edicts which demonstrate that their attitudes to women have not changed.
Unlike December 25, September 26 is a World Day that passes by in silence. It calls for the Elimination of all Nuclear Weapons. Nuclear power is too mysterious to understand, too horrific to dwell on, and too far away to take responsibility for. It and its destructive power are unthinkable. And yet it continues to press on us, most recently in the announcement that Australia will build nuclear-powered submarines.
Defence is a costly business, and few branches of defence are more costly, and questionable, than a country’s submarine capability. Since 2009, Project SEA 1000, the name for Australia’s Future Submarine program, has fascinated strategists and defence planners. In 2016, this resulted in an agreement with the French submarine company DCNS (now called Naval Group) to build an un-designed attack class vessel. Other contenders in the competitive tender — Germany and Japan, for instance — had existing models.
There is a three-way battle looming over the future of money and the stakes could scarcely be higher. Conventional money, mainly debt created by banks — the ‘folding stuff’ is only a tiny proportion of the total — is in trouble. Total global debt is now so large relative to the world economy it cannot be serviced, which is why monetary authorities have resorted to dropping interest rates. When they almost hit zero, the next step was quantitative easing (QE): printing money by getting the central bank to buy back government and corporate bonds and putting them on its ‘balance sheet’.
I was one of the boat people who escaped from South Vietnam. The escape happened after South Vietnam had fallen to the Vietnamese communist forces in 1975, and my world descended into total chaos with an international embargo, wars against China and Cambodia, forced collectivisation and the insidious spread of what were termed “re-education camps” - but were really communist gulags. My siblings and I grew up in a world of poverty, isolation, oppression and constant fear of what might happen to us or our loved ones.
From my third-floor hotel balcony I could reach out almost to touch the mountain. It seems such a good neighbour. When I walk out by the Li River, the mountain follows me, shadowing my footsteps. I watch the river-boats working their ways across the current towards night-moorings, the fisherman homeward-bound with his cormorants.
It is refreshing to find a work that is exploratory and invites its readers into a world more complex than they had imagined. Such a work is a recent book by Peter Dowling, Fatal Contact: How Epidemics Nearly Wiped Out Australia’s First Peoples.
The souring of relations with China is driven not just by prime ministers, foreign and defence ministers, or even by Cabinet. It is the product of converging interests with immense reach and influence.
The atrocities committed in the Taliban siege of Mazar-i-Sharif in the late 1990s have not been forgotten. Nevertheless, the ‘progress’ brought by the invading forces — after twenty years’ hard fighting against the forces which they themselves had previously armed and trained against the Soviets — is equally debatable.