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The biggest mystery of the financial markets is why, when the monetary authorities have been printing money with their ears pinned back, is inflation for the most part not a problem? What happens with inflation is crucial to the short-term survival of the whole system. Global debt, which is running at well over 300 per cent of global GDP, is only sustainable because interest rates are exceptionally low (the base rate in Australia is only 0.1 per cent). And interest rates are low because inflation is not a problem.
The question being asked, however, is one that puts the cart before the horse. The question of ‘What do you want to see in the national curriculum?’ presupposes the answer to another question: What even is the purpose of schooling?
The Murugappan family have found themselves in the middle of this nasty tangle, their fates politicised and manipulated.
I was born Hazara in Afghanistan. It is a place where my people suffer constant persecution and discrimination, and additionally, where women are considered second-class citizens. When I was two years old, my parents fled Afghanistan. We first arrived in Iraq and were subsequently given refugee status in Iran. Despite the challenges of growing up a foreigner in Iran, I completed my teaching degree, and also qualified to be a lawyer.
An often overlooked fact about the financial system is that it entirely depends on trust. When trust starts to evaporate, especially between the big players such as banks and insurance companies, the whole artifice is put into peril. Trust in the system is now at an extreme low and that points to extreme danger.
The relationship between Israel and Palestine is one of coloniser and colonised not a relationship between two states. While the specific recognition of a Palestinian state by the Labor Party was covered broadly by the media, the legitimisation of the two-state paradigm remains.
For those of us who already regularly shopped, banked, studied and worked via the Internet, it was easy to adapt to telehealth appointments with doctors and video calls with friends and family. Of course, these activities require access to the Internet — something 2.5 million Australians are without. A further 4 million access the Internet solely using a mobile connection. For these citizens, the pandemic exacerbated the existing digital divide.
The size and spread of government payments in past 12 months has held steady, and to some extent, improved the circumstances of many on low incomes or government support. The withdrawal of that support risks returning many to payments that do not provide for basic human needs.
The controversy over the shares of US video game company GameStop has again exposed what has long been obvious: there is something seriously rotten in the state of the world’s financial markets. It was a battle between a hedge fund, Melvin Capital, which manages $US13 billion, and a small group of ‘amateur’ investors who communicated with each other on a Reddit forum called WallStreetBets.
Come the next set of lights, you won't remember what I look like. You'll all go back to your lives thinking about your wives, girlfriends, kids, parents, brothers, sisters, lovers, friends, husbands, boyfriends, whoever, not me. But I needed a night out in the city and the city spoke back to me when I had no one else to spend the night with.
This Budget is a missed opportunity. It was a chance for the government to do something radical, to make real and defined impacts. Instead, we’ve increased funding for some regions, but at the cost of some of the most marginalised populations in the world, who have experienced years of discrimination, poverty and displacement.
While the legislation was proposed as something of a measure of last resort, the numbers already tell a different story. Unfortunately, many of us with a disability look at these figures (and at the proposed legalisation of euthanasia in New Zealand, which will be voted on later this year) with a weary mix of familiarity and horror.
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