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Created
Thu, 05/12/2024 - 04:54
A more robust analysis by the commission might have yielded different priorities or recommendations for childcare. The Productivity Commission’s report, A Path to Universal Early Childhood Education and Care, presents detailed information and a range of studies supporting universal early childhood education and care (ECEC). However, there are significant issues with its analytical framework and recommendations, Continue reading »
Created
Thu, 05/12/2024 - 04:53
Having befriended and worked closely with many Asylum Seekers for the pasts 14 years I have no hesitation in highlighting a key problem with the recent Migration Bill changes. It is the uncritical assumption that the refugee status determination process is professional and fair and sensitive to changing realities. That assumption is simply not true. Continue reading »
Created
Thu, 05/12/2024 - 04:51
The dramatic ‘rebel’ advance into Aleppo dominates the headlines. In history rather than headlines, however, the importance of current events shrinks into relativity, as the ‘West’ and its regional allies have been tearing apart, or trying to tear apart, Syria for more than a century. This is what the journalist and historian Patrick Seale called Continue reading »
Created
Thu, 05/12/2024 - 02:30
Compared to whom? Gen Zers have grown up amidst endless economic and political crises — fallout from September 11, the financial collapse of 2008, the Great Recession, the Covid-9 pandemic, January 6, etc. — that led to a grimmer view of their futures. Axios reports that their struggles have pushed them right while setting impossibly high expectations for financial security: Catch up quick: Financial services company Empower surveyed more than 2,200 Americans in September and the Gen Z respondents — born between 1997 and 2012 — said they would need to make more than $587,000 a year to be “financially successful.” That’s three to six times the amount reported by other age groups surveyed, and almost nine times the average U.S. salary tracked by the Social Security Administration. So what’s going on here? Costs are certainly up, especially housing costs. People living with their parents into their late 20s or needing rommates just to get by certainly influences one’s sense of economic stability. But the statement above about “influencers” stands out.
Created
Thu, 05/12/2024 - 01:00
A Trumpist feature, not a bug It is no secret by now that patriarchy will not go quietly, as Digby noted on Tuesday, calling it “the oldest organizing principle in human history.” There are some very deep forces at work in our changing world, many of which refuse to change. Vigorously. People I’ve called rump royalists never bought into the Declaration’s flowery prose about people being “created equal.” It’s surprising that more don’t do spit-takes at its very mention. They would just as soon see the return of feudalism if they could craft a more consumer-friendly version consistent with global consumer capitalism. (They’re working on it.) Misogyny, promimently on display in Trump 2.0 cabinet picks, is one facet of that patriarchal organizing principle. Consistent with both is the elevation to the cabinet of what Greg Sargent dubs “a Murderer’s Row of Billionaires.” By one count, there are eight among Trump’s picks so far. Sargent discusses the takeover of the White House by the ultra-wealthy with Noah Bookbinder, the executive director of Citizens for Responsibility and Ethics in Washington.
Created
Wed, 04/12/2024 - 20:00
Bowen Xiao Zero-day options have exploded in popularity in recent years, accounting for approximately half of S&P 500’s total options volume, a ten-fold increase from just 5% in 2016. Their flexibility, low premia and underlying leverage appeal to all market participants ranging from conservative investors hedging against intraday market volatility to aggressive traders speculating for … Continue reading Zero-day options and financial market vulnerability