At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 4.10 per cent. It also increased the interest rate paid on Exchange Settlement balances by 25 basis points to 4.00 per cent.
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From twitter: In one of the most notable moments in sports history, Kenyan runner Abel Mutai was just a few feet from the finish line, but became confused with the signage and stopped thinking he had completed the race. A Spanish athlete, Ivan Fernandez, was right behind him, and after realizing what was happening, he started shouting at the Kenyan for him to continue running; but Mutai didn’t understand his Spanish. Fernandez eventually caught up to him and instead of passing him, he pushed him to victory. A journalist asked Ivan, “Why did you do that?” Ivan replied, “My dream is that someday we can have a kind of community life where we push and help each other to win.” The journalist insisted “But why did you let the Kenyan win?” Ivan replied, “I didn’t let him win, he was going to win.” The journalist insisted again, “But you could have won!” Ivan looked at him & replied, “But what would be the merit of my victory? What would be the honor of that medal? What would my Mom think of that?” Values are transmitted from generation to generation. What values are we teaching our children?
Since the beginning of this millennium, I’ve been writing critiques of the “generation game”, the idea that people can be divided into well-defined groups (Boomers, Millennials and so on), with specific characteristics based on their year of birth. As I said in my first go at this issue, back in 2000 (reproduced here ) Much […]
Lol: Right. Sure. That happened.
One question for Ruth Morgan, a professor of crime and forensic sciences at University College London.
The post How Can Science Be More Creative? appeared first on Nautilus.
The intelligence report described the demonstrations as a “violent far-left occupation” — a phrase copied directly from an article by Ngo a day earlier.
The post DHS Intel Report on Cop City Protesters Cribbed Far-Right Activist Andy Ngo appeared first on The Intercept.
Could a spacesuit designed for Mars help us quarantine on Earth?
The post What to Wear in the Next Pandemic appeared first on Nautilus.
Mainstream economists are professional trolls. By this, I don’t mean that mainstream economists work in troll farms and are being paid by Putin—though it would be better for humanity if they were: they’d do far less damage. I mean that, almost to a person, they behave as trolls when debating critics of economics, and when … Continue reading "Troll Wars in Economics"
Most of the country thinks the economy is in the ditch. It isn’t. Americans are not happy with the economy. Which is weird, given that it is doing just fine. It’s hard to see what could turn sentiment around. That’s largely because of Fed chair Jerome Powell, who doesn’t want and won’t allow some kind of economic boom — he thinks the economy is running too hot already. The U.S. economy continues to defy the odds. The May employment report, released on Friday morning, marked the 14th straight month that more jobs were created than economists expected. It’s all a far cry from the misery in other countries like the U.K. — with sky-high inflation — or Germany, which is now officially in a recession. By the numbers: The U.S. economy has created more than 4 million new jobs in the past 12 months. GDP continues to grow, and is up more than 5% from its pre-pandemic peak, even after accounting for inflation. The average U.S. employee now makes $33.44 per hour, a raise of more than 17.5% since pre-pandemic. The stock market is up 10% so far this year, and we’re not even halfway done.
In an interview with The Intercept, the ousted Pakistani prime minister, just released from arrest, accuses the country’s military of deepening a political crisis.
The post Imran Khan: U.S. Was Manipulated by Pakistan Military Into Backing Overthrow appeared first on The Intercept.
Republicans are begging migrants not to leave the state: Florida Republicans on Monday met with migrants to urge them not to leave the state in the wake of a new anti-immigration law that is sparking boycotts of the state. An NPR analysis determined that the law signed by Gov. Ron DeSantis (R) “limits social services for undocumented immigrants, allocates millions more tax dollars to expand DeSantis’ migrant relocation program, invalidates driver’s licenses issued to undocumented people by other states, and requires hospitals that get Medicaid dollars to ask for a patient’s immigration status.” On Monday, state Reps. Alina Garcia (R) and Rick Roth (R) spoke at an event advising migrants of the impacts of SB1718. Joy Reid wrote about what’s happening a couple of weeks ago: Last week, Desantis signed a vile and inhumane immigration bill imposing penalties and restrictions on undocumented immigrants in Florida that, among other things, bans local governments from issuing identification cards for people who can’t prove citizenship.
COVID-19 temporarily re-made fiscal politics. States responded to the health threat by enacting a sudden and far-reaching contraction of the private sector, partly compensated by an unprecedented expansion of the public sector. The moves proved temporary, with a swift return to fiscal and monetary constraint. However, the COVID response potentially provides lessons for understanding broader changes in capitalism.
In part I of our post, we used Schumpeter’s theory of the tax state to trace how changes in the organisation of capitalism had their ‘fiscal reflection’ in changing fiscal accounting practices. In this part II of our discussion of the tax state, based on a journal article recently published in Critical Perspectives on Accounting, we identify a new set of ‘hybrid’ fiscal tools, built prior to, but used during COVID, that could point to a more enduring shift in fiscal politics beyond neoliberalism [...]
As many of you know, I will be embarking on a tour over the coming months, on which I shall be reading some of my poems in front of mildly perplexed and bewildered audiences around the UK. I thought I would take this opportunity to answer some of the most common questions I get asked…
1 8-ounce can sauerkraut, drained and snipped¼ teaspoon caraway seed½ of a 12-ounce can (1 cup) corned beef, chopped½ cup shredded process Swiss cheese (2 ounces)1 tablespoon snipped parsley2 frankfurters, thinly sliced¼ cup chopped dill pickle½ cup mayonnaise or salad dressing2 tablespoons chopped green pepper1 tablespoon chopped pimiento1 tablespoon sliced green onion1 tablespoon chili sauce2 […]
An example from last night’s Nikki Haley town hall on CNN: TAPPER: So it’s — I mean, do you have an opinion, though? I mean, would a — if a six-week ban theoretically came to your desk, would you sign it? HALEY: But why — why — I will answer that when you answer — when you ask Kamala and Biden if they would agree to 37 weeks, 38 weeks, 39 weeks. Then I’ll answer your question. (APPLAUSE) No one asked them that. No one asked them how late they’re willing to go. What I’m saying is why go and put the American people through that? Why do that? Why not talk about what’s the truth? And the truth is where can we get 60 votes? I just gave you the consensus about where I think we can come together. TAPPER: I think Biden and Harris have been pretty clear that they don’t support any restrictions. I mean, that’s — that’s their… HALEY: They said abortion up until the time of birth, right? TAPPER: I don’t think that’s the language they used, but, yes, I mean, they — theoretically, they don’t support restrictions. They say it should be up to a woman, her doctor and her God.
Australians are more used to pointing the accusing finger at other countries than having it pointed at us. Many Australians criticise China for allegedly engaging in genocide against its Uighur population and harvesting their organs. We have for decades been expressing concern about Myanmar’s treatment of Rohingya and the repression of women in Iran, Saudi Continue reading »
Interpretations are being offered about prime minister Albanese’s speech to the so-called Shangri La Dialogue in Singapore. This sounds like an Asian event but is hosted each year by the International Institute for Strategic Studies of London, an august and AUKUSian institution of such eminence that I was once invited to join. I declined. Life Continue reading »
The World Health Organisation’s No Tobacco Day last month had Australia announcing tough new ways to get smokers to quit. Next door the fag makers were doing the opposite. Health Minister Mark Butler wants warnings on the smokes and even more gruesome images on the packets. Around 12 per cent of Australian adults smoke; the Continue reading »
I do hope that the Catholic Church remains closely involved in providing health care to Canberra citizens, particularly the poorer ones, after the takeover by the government of Calvary public hospital. Indeed I suspect it could be making for itself, and Canberra citizens, greater treasure in heaven if it got entirely out of the provision Continue reading »
Monday 5 June 2023 was World Environment Day. The campaign this year is for action to eradicate plastics in all its forms which pollute and destroy. The campaign is led by the United Nations Environment Protection agency (UNEP) with the title and hashtag of #BeatPlasticPollution. The UNEP website and its social media messaging proclaim: This Continue reading »