My new cartoon for the Los Angeles Times.
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One of the stranger things about the Reserve Bank’s announcement of why it’s lifting interest rates by 0.25 percentage points is that it suggests inflation will come down by itself.
“A further rise in inflation is expected in the near term,” the RBA says, “but as supply-side disruptions are resolved, inflation is expected to decline back towards the target range of 2-3%.
So why raise rates now, for the first time in more than a decade? The bank says it is about "withdrawing some of the extraordinary monetary support that was put in place to help the Australian economy during the pandemic”, which is fair enough.
But our latest burst of inflation is weird, and resistant to rate hikes. If the Reserve Bank isn’t careful, too many more rate hikes like this might help bring on a recession.
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This food timeline started as a way to explore the revolution in Australian food that has occurred during the baby-boomers’ lifetime, but has since expanded to include more about the previous decades (and century) as well. Also included are overseas events and trends that had an impact here. The entries are brief, but there are lots of links if you want more information.
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The post Last Time, the Religious Right Told Us Not Only What We Can Teach but How appeared first on Alfie Kohn.
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The post Last Time, the Religious Right Told Us Not Only What We Can Teach but How appeared first on Alfie Kohn.
Taking responsibility One of the primary objectives of any government is to feed its people. But geopolitical events over recent months highlight the fact that many governments in countries who are dependent on food imports have lost sight of their responsibilities. Food security, particularly for a net importer like the UK, is a serious but […]
The post UK Food Security: A Fork In The Road appeared first on Renegade Inc.
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Community land trusts, nonprofits that acquire and manage land for developing affordable homes, can increase homeownership access for Black families.
There are four economic wildcards between now and the election, and we know exactly when each will be played.
The first is this Wednesday at 11.30am eastern time, when we get the official update on inflation. We’re likely to see a figure so large it will take many of us back to the 1990s, to a time before anyone under 30 was born.
With the exception of a short-lived blip following the introduction of the goods and services tax in 2000, inflation has scarcely been above 5% since 1990.
As always, if you enjoy this work, please consider helping me keep it sustainable by joining my weekly newsletter, Sparky’s List!