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Two of the most important issues to have been given scant attention in the election campaign are ageing and property. Even less noticed is the inter-relationship between the two. The effect of ageing on property prices will be arguably the most important financial challenge facing Australian governments over the coming decades.
A source quoted on a TV news report said the forthcoming Liberal Party attack ads would 'make the Somme look like a Sunday afternoon picnic'. Crass and disrespectful of the victims of the First World War killing ground, the remark saw fit to compare our political process to a mindless slaughter. Similarly, in Labor's Grim Reaper style ads, hapless 'victims' of Coalition policies are consigned to oblivion.
'Like many Australians, I had hoped that the dastardly plan announced on 19 July would stop the boats in the short term, as a stop-gap measure. It is dismaying to learn that appropriate consultations had not occurred with Indonesia with the result that the very people who were to receive the shock and awe message are yet to receive it. There’s only one thing worse than shock and awe; that’s shock and awe that doesn’t work because you haven’t done your homework.' 43rd Barry Marshall Memorial Lecture, Trinity College Theological School, 14 August 2013.
A currency's value is supposed to represent the state of the country's underlying economy. Yet very little changed about the Australian economy during a week in which the value of the dollar was substantially altered. It is a small instance of how rapidly change occurs in currency markets, sometimes to devastating effect, and another reason why the capital markets are ruling rather than serving.
Kevin Rudd says he wants to purify politics, and make it kinder and more honest. And yet his own standards when it comes to telling the truth are at least as rubbery as Tony Abbott's. Politicians who tell us they are acting for the higher good or that their brand of dishonesty is less egregious than that of their opponents are deluded and dangerous.
We seem to think it is okay to publish pictures of Kim Jong-un with Mickey Mouse ears or refer to his late father Kim Jong-il as a 'pygmy'. Insulting a proud people, no matter how weird we think the regime is, does not win friends. The west would do well to remember this if it is to engage the regime in meaningful dialogue.
Commentary on the proposed changes to tax on super has created the impression that the truly needy will miss out on extra cash as politicians pander to middle class voters. This is almost entirely false. In terms of where tax dollars are allocated, Australia has definitely concentrated on lower class welfare.
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.
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
Looking at Australia from Asia, you quickly conclude that Australian approaches to the region are fickle and opportunistic. It's hardly news that the fastest growing economies and greatest opportunities for Australia are at our doorstep. But like kids at parties, we seem to focus more on the cup cakes than the host and guest of honour.
Many people know Mao's famous dictum, 'Power comes from the barrel of the gun'. Fewer people know the second part: that 'the Party must control the gun'. The Party could allow last month's street protests because they unified the people against a hated enemy in Japan. But the protests were carefully controlled.
The name Charles Hughes Cousens is not one that has been canvassed during the lamentable and often tawdry debate about the Alan Jones affair, but perhaps it should have been. Cousens' ordeal as the target of a treason-baying press lies in the distant but pointed background to Jones' assault on Julia Gillard.
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