Australia is fast approaching a reckoning with its past, its present and the state of the nation’s soul. And if the last month is any indication to go by, we will be found wanting. A hundred years ago, Sigmund Freud wrote a paper called, Mourning and Melancholia. In it he mapped the divergent paths of Continue reading »
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A TAFE system built around ideas for running 1950s American car-making factories is pretty much an anachronism in Australia in 2023, particularly when our future depends on innovation and rising productivity. But before New TAFE starts, Old TAFE must have a long, hard look at itself. In the New TAFE, people will be able to Continue reading »
Even without Chat-bot assistance, it is fun to look up quotations and their origins online and then discover, for example, this quote reportedly from Winston Churchill: “The only statistics you can trust are the ones you have falsified yourself.” And an earlier British prime minister from the 19th century, Benjamin Disraeli, allegedly said there were Continue reading »
Today the global trade system faces three systemic challenges. None are new, but strategic competition between China and the United States has brought a dangerous edge to each of them. The first is the dramatic shift in the composition of international economic interaction. When the Bretton Woods system was first set up, global trade was Continue reading »
Week-end Wrap – Political Economy – June 11, 2023
by Tony Wikrent
Strategic Political Economy
What Happens When Corporations are Taxed at 50% – Like Before the Reagan Revolution?
Thom Hartmann, June 5, 2023 [DailyKos]
The main benefit of raising the top personal income tax bracket back up to nosebleed levels is that it causes CEOs and business owners (people who can essentially determine their own pay) to restrain themselves from draining the corporate coffers just to buy a new super-yacht, jet, private island, or a fourth 70-room mansion in the Swiss Alps.
He had a reason for keeping those classified documents and it wasn’t for “show and tell” It’s true, as always, that Trump is such a psychological train wreck that it’s not hard to imagine that he stuffed classified documents into boxes on the regular without thinking about it because he’s a disorganized mess. But that’s just too easy. There are other aspects of Trump’s personality that make it much more likely that he was thinking about making some deals. This piece by Fintan O’Toole in the NYRB (subc. only) says it all: Secrets are a kind of currency. They can be hoarded, but if kept for too long they lose their value. Like all currencies, they must, sooner or later, be used in a transaction—sold to the highest bidder or bartered as a favor for which another favor will be returned. To see the full scale of Donald Trump’s betrayal of his country, it is necessary to start with this reality. He kept intelligence documents because, at some point, those secrets could be used in a transaction. What he was stockpiling were the materials of treason.
You all have a nice day now,
Stochastic terrorism and plausible deniability Once upon a time, Republicans wanted to learn to “speak like Newt.” Gingrich. These days, they might aspire to speak like Trump. Many have learned without a lot of trouble how to stoke stochastic terrorism with plausible deniability. Bill Kristol points to a Joe Klein article on how Trump’s close-up magic is done: He has a preternatural ability to bend the law to the point of breaking, but he never cracks it in two. He never says to the January 6 crowd: Go on down to the Capitol and overthrow the government. He says to the Proud Boys: “Stand back and stand by.” Stand Back absolves him of a truckload of evil intent. Stand By means: ignore the first part. He is a genius at the micro-laser-slicing of baloney, tip-toeing the rhetorical tightrope. And if you want to charge him with something that isn’t a flat-out doozy: advantage Trump. Don’t get cocky. Remember when they called Bill Clinton “Slick Willy”? He’s got nothin’ on Trump. He’s a master. And his followers will just brush off whatever he’s done. Because the facts don’t matter.
Remember January 6th! True to form, the former president set out to rally his foot soldiers by branding Thursday’s 37-count federal indictment against him, for his actions, as an attack on them. That is, to personalize it. “In the end, they’re not coming after me. They’re coming after you — and I’m just standing in their way,” Donald Trump told the convention of Georgia Republicans in Columbus, Ga. on Saturday. Right. And I’m still waiting for Barack Obama’s jack-booted thugs to kick in my door and confiscate my guns, as I was promised over a decade ago. The indictment is “ridiculous and baseless,” the most “horrific” abuse of power “in the history of our country,” so “many people have said,” Trump droned. “The Biden administration’s weaponized Department of Injustice” has engaged in “vicious persecution,” a “travesty of justice.” Blah, blah, blah. “I will prevent World War III. … Without me, it will happen,” Trump told them.
As wildfire smoke hit the East Coast, Fox News claimed it was “perfectly healthy” to breathe.
The post The Right-Wing War on Clean Air appeared first on The Intercept.
I was on a one year sabbatical leave at Cambridge University, King’s College by invitation of Professor Wynne Godley in the year 1988/89. Seriously speaking I was surprised, because except for Godley there were only few economists left at the Faculty, who called him-/herself Keynesian. The old guard of Keynes’ disciples had disappeared: Joan Robinson […]
MARK Hughes, the founder of the Mark Hughes Foundation (MHF), paid a recent visit to the North Coast Cancer Institute. Hughes, a former Newcastle Knights and NSW Origin rugby league player, visited the local Cancer Institute with Professor Mike Fay, MHF Chair and Centre Director, meeting MHF Brain Cancer Care Coordinator (BCCC) Nicole Allen, patients...
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LIPMAN, the NSW-based construction company with a long and proud history of working in the Mid North Coast, has won three awards at the 2023 Master Builders Association (MBA) Northern Region Building Awards. “We are thrilled to have been considered for three awards this year,” Darren Ferguson, Region Manager, North Coast (Lipman) told News Of...
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FUNDS raised at the LifeWalk 2023 sponsored walk on Saturday 3 June have put the SleepBus for Coffs Harbour project’s goal of raising $100,000 within sight. The SleepBus project was founded by advocate for the homeless Doris Rake (Cowan) and is enthusiastically supported by LifeHouse Care, who run LIfeWalk. Advertise with News of The Area...
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THE Legacy Centenary Torch Relay 2023, the flagship event for the organisation’s anniversary marking 100 years of service to those who have sacrificed, arrives in Coffs Harbour on Friday 30 June and Coffs Coast Legacy has been planning a suitably celebratory occasion. Beginning in Pozieres, France in the lead up to ANZAC Day in 2023,...
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TWO Coffs Coast students received scholarships at the ‘2023 Proudly Public!’ Awards night at Sydney Town Hall on Monday, May 29. They were among over 700 public school students and educators from across Australia to receive scholarships administered by the Public Education Foundation (PEF) in 2023. Advertise with News of The Area today. It’s worth...
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LOGGING in native forest in Orara East State Forest was halted by protesters on Wednesday morning, June 6. A 55-year-old ‘forest defender’ suspended herself 30 metres high in a tree-sit from ropes strung across the only entrance to the forest, blocking all trucks, vehicles and workers from logging the forest. Advertise with News of The...
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The reviews for HBM are coming in and, so far, have been enormously positive ...
New York City’s Tribeca Film Festival is running through June 18th. The festival (co-founded by Robert De Niro, Jane Rosenthal, and Craig Hatkoff in 2001) features a variety of media platforms, including film, TV, music, audio storytelling, games, and XR. I’m doing virtual coverage; as much as I’d love to be skipping down the streets of my birth city (well…technically Queens), physical mobility issues have made travel too uncomfortable. At any rate, I’ll be sharing reviews over the next couple weeks. The good news is that you can virtually attend as well-the festival is offering select titles via the “Tribeca at Home” online portal. Check out the website for more info. Against All Enemies (U.S.) *** – In a post examining reaction from the Right when news broke this week that ex-president Trump was being indicted by federal prosecutors for alleged mishandling of classified documents, Digby included this disturbing tidbit: Take this seriously. “Perimeter probe”: Higgins thinks indictment precedes bigger attack. “rPOTUS”: “real POTUS,” Trump.
I was going to Fisk (an old blogging term) this WSJ editorial but I see that James Joyner did it already so I don’t have to. Seriously, it’s completely daft and a low point for the WSJ editorial page and that’s saying something. Never, ever let them forget this the next time they start hippie bashing over national security. The hypocrisy has never been so overwhelming. Here’s Joyner: That the WSJ editorial page tends toward reflexive fealty to Republican causes is no secret. But the Editorial Board should be ashamed of its latest effort. Already, this is ominous. They’re not only insinuating that violence is likely to occur but blaming the decision to indict a person for serious crimes, not the environment created by the individual under indictment. The Justice Department is not Joe Biden’s; it’s ours. We have not, in modern history, had a former President run for re-election after having been defeated.
Garth Brooks is selling Bud Light at his bar and says that the boycotters are assholes. The right is now calling for a boycott against Garth Brooks. Of course. (Read the comments to this…) Look who’s making moral judgments about Garth Brooks: I know, I know. Garth does a great version of a Billy Joel song called “Shameless” and I think it’s called for right now: