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The Treasurer has emphasised his belief that Labor's values and priorities are reflected in this Budget. He is keen to help the battler. Yet there is a sharp dissonance between the Government's promotion of a 'fair go' through big reforms and its evident disinterest in so many citizens whose financial struggles are profound.
In The Big Bang Theory Sheldon invents a game of chess which 'utilises a three-sided board with transitional quadrilateral-to-triangular tessellation to solve the balanced centre combat-area problem'. This gobbledegook sounds suspiciously similar to the application of mathematical models to financial securities in derivatives markets.
Adams once told me about his room of gods. It's chockablock with deities from myriad cultures and creeds. While Adams is revered as Godfather to Australia's atheists, at heart he remains a young boy huddled under the covers at night; buried under the considerable challenges due his story of origin.
Fake ANZ media release activist Jonathan Moylan did the wrong thing in undermining public confidence in the share trading system. But he would not have seen the need to act if governments and the coal industry were acting with integrity and in the public interest.
Australia's unimaginative perspective on China's growing power accords with Washington's. In Obama's terms, China can be an adversary or a partner. China is a complex leviathan, and the great challenge is how to integrate it into the global system without conflict.
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.
Proponent of an immigration 'free market' Gary Becker would accommodate poor migrants by allowing businesses to lend them the 'immigration fee' in exchange for their labour upon arrival. Poor migrants tend to be unskilled, so this scheme would remain largely unutilised. Moreover, this arrangement might amount to indentured servitude.
Tony Abbott warned that Australia could go the way of Greece with excessive debt. Such claims reflect a climate of exaggerated concern about debt. Instead Australia could be taking advantage of historically low interest rates and embarking on major infrastructure projects, increasing employment and laying the basis for sustained growth in productivity.
Joe Hockey provoked outrage with his recent suggestion that we should rely on families rather than the state for social welfare. His premise that high social spending leads to debt and decline reflects the GDP fetish of fundamentalist economists that Joseph Stiglitz blames for Europe's current economic problems.
The Productivity Commission Schools Workforce report released on Friday does contain evidence of the dire state of productivity in Australian schools, but it is largely neutered. It's as if the Commission was anxious to avoid stating too plainly a disease for which it can suggest only palliatives.
The dismissal of Gough Whitlam by then Governor-General Sir John Kerr in 1975 has been described as the greatest political and constitutional crisis in Australia's history. It seems pallid in comparison with what is now happening here in Greece.
Corporations treat social responsibility as a PR tool or a trade-off for financial success. The truth is that if consumers suffer, so too do the corporations that depend on them. Socially responsible initiatives such as the Carbon Tax will benefit society holistically.
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