MMT is, first and foremost, a balance sheet approach to macroeconomics. At its very core lie reserve accounting, then deposit accounting, and then sectoral balances accounting. There is very little behaviour in any of this. Equilibrium rules as all balances balance – in both flows and stocks – and there are no assumptions apart from […]
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Episode 7 for my – Podcast – Letter from The Cape – is now available. In this podcast, we discuss the dangers that arise when we are lured into thinking that our experiences as households of our financial constraints and our budget somehow provide us with intelligence to assess the spending opportunities of our national…
Ambrogio Cesa-Bianchi, Federico Di Pace, Aydan Dogan and Alex Haberis The recent steep rise in energy prices led to a rise in the price of energy-intensive tradable goods, with inflationary pressures subsequently broadening into services in many economies. Because services are less traded and have little energy input some have suggested this broadening might indicate … Continue reading Tradable cost shocks and non-tradable inflation: real wages and spillovers
1½ pounds ground beef⅓ cup dry bread crumbs⅓ cup catsup2 tablespoons finely chopped onion2 tablespoons finely chopped green pepper1 teaspoon salt1 teaspoon chili powder1 egg1 cup shredded Cheddar cheese (about 4 ounces)1 cup crushed corn chips½ cup chopped pitted ripe olives½ loaf (1-pound size) French breadHot taco sauce or prepared mustard Mix ground beef, bread […]
When it comes to the ocean, there's much we can't see.
WOOLGOOLGA Red Cross declared its annual Red Cross Calling campaign a success, with around $4,500 donated to support the everyday work of the humanitarian organisation. Woolgoolga Branch members rallied to provide a team effort, manning street stalls to collect donations, hanging banners, talking to passers-by and spreading word of the work of the Red Cross....
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AFTER months of preparation and fundraising, four teams from Coffs Harbour headed off on the Sh*tbox Rally last Saturday, May 13. Competitors and friends held a farewell gathering at The Spare Room in Sawtell the evening before. Advertise with News of The Area today. It’s worth it for your business. Message us. Phone us –...
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THE Taste of Seafood Festival, featuring celebrity chef Phil Harte, arrives in Coffs Harbour on Saturday 20 May, and the winner of the News Of The Area reader giveaway has been announced. In last week’s NOTA, the Taste of Seafood Festival organisers asked readers to describe in 25 words or less their ideal seafood lunch....
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MEMBERS of the not-for-profit Mid North Coast Hot Rod Club (MNCHRC) presented the Woolgoolga Men’s Shed with a cheque for $1,000 in April. The donation has been reinvested into the crafting of a high-grade timber and glass trophy, which was then gifted back to the MNCHRC by the Men’s Shed to become a perpetual trophy...
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AN option to ‘Pay it forward’ (PIF) for live music events has been introduced by community-focused music promoter, Archive, based in Toormina. This is how it works. Advertise with News of The Area today. It’s worth it for your business. Message us. Phone us – (02) 4981 8882. Email us – media@newsofthearea.com.au If you feel...
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DRAMATIC increases in the cost of living and more people struggling to cover the costs of essential items, were two key drivers of attendance at this year’s Coffs Harbour Neighbourhood Centre Open Day. “A large crowd attended, from regular supporters of the Neighbourhood Centre and people who use the services regularly, to people who were...
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LIFELINE North Coast started National Volunteer Week (15-21 May 2023) on Monday with a morning tea and a warm welcome in the Lifeline Shop at West High Street. Called ‘Vollie Voices’, this event invited people to come into the shop, where a couple of comfy chairs were ready for visitors to meet volunteers. Advertise with...
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DRUG and Firearms Squad detectives have charged a man, and seized drugs and firearms, following an investigation into the alleged manufacture of prohibited firearms on the state’s north coast. The State Crime Command’s Drug and Firearms Squad commenced investigations under Strike Force Temarang to investigate the importation and privately manufactured firearms, firearm parts and other...
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THE Mother’s Day Silent Auction Luncheon on Saturday 13 May 2023 at Coffs Harbour Surf Club fundraising for a SleepBus for the community raised more than $1,500 through final bids and the raffle, plus a generous anonymous donation of $20,000. “Around 30 people attended who were all very interested in SleepBus and the housing crisis...
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FOUR, and sometimes five women talking together, reading together and then writing together under a collective pseudonym, Alice Campion, saw the female authors present their unique project in library talks at Dorrigo and Bellingen in early May. The four women friends, Jenny Crocker, Jane Richards, Denise Tart and Jane St Vincent Welch, who has recently...
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Across the state, residents indicated a desperate desire to join Disney in its departure.
Pete Buttigieg is an interesting fellow. I thought this was an interesting analysis: [H]ave you followed the masculinity crusade of former TV personality Tucker Carlson—testicle warming and the rest? I mean, where to begin on this? Fears about masculinity are a way into the fear of displacement. Masculinity establishes a default place, and that place is being shifted and threatened by modernity. A man as the head of the household. The only one who earns income. The default leader in any social or political organization. The politicization of masculinity is code for Nothing in your life has to change. The problem is, of course, lots of things have to change. Either because there was something wrong with the old way—or because, even as the old way seemed perfectly fine, it’s not an option. This is true with the realities of climate change. If you can’t face that change, you might retreat to the default place of masculinity. Maybe that’s why someone characterized electric vehicles as emasculating. I think it was Marjorie Taylor Greene. I do believe that Marge may be an expert on emasculation. The larger point is very true.
The U.S. is slow-walking peace negotiations, effectively pushing for a resumption of the war.
The post The Yemen War Can Be Over — If Biden Wants It appeared first on The Intercept.