According to Reserve Bank deputy governor Andrew Hauser last week, we’ve entered a world characterised not just by volatility, complexity and uncertainty, but also by “ambiguity” – a world where “you don’t know the model”, meaning that “judgment and instinct are as important as formal analysis”. At last, someone is talking sense. Academic economists may Continue reading »
Economy
Government funding increases for Catholic and Independent schools have outstripped those for public schools since 2009 and entrenched a major resource advantage for them. New figures published by the Australian Curriculum Assessment and Reporting Authority show Catholic and Independent schools have a much higher income per student than public schools across Australia and in nearly Continue reading »
With the nation’s worst state debt and the looming budget, we hear almost weekly of the Victorian Government’s desperate funding cuts to essential services. While, for example, our nurses, childcare and aged care workers and our police are very much valued and needed, they appear to come a poor second in financial support to the Continue reading »
I don’t intend to move these round-ups into international relations. There are excellent Australian sources with a foreign policy orientation – Pearls and Irritations, the Lowy Institute and Australian Foreign Affairs. But events around Trump’s betrayal of Ukraine should have repercussions not only for our foreign policy, but also for our domestic policy, particularly in the way we Continue reading »
Australia’s economy expanded at the fastest pace in two years in the December quarter, boosted by an improvement in household spending and stronger exports. The Australian Bureau of Statistics’ national accounts report on 5 March said the economy grew by 0.6% in the quarter. It attributed this to “modest growth […] broadly across the economy […] Continue reading »
A dozen days ahead of this Chinese New Year, a large-scale exhibition opened at the Hong Kong Museum of Art. The event, “Cezanne and Renoir Looking at the World – Masterpieces from the Musee de l’Orangerie and the Musee d’Orsay,” showcased 52 masterpieces, featuring how the pair innovatively reinvented the art of their time and Continue reading »
We need to tell a new/old story. Humans are social creatures of a shared story. We tell ourselves into being who we are by the stories we share. From First Peoples’ Songlines, rhythmically repeated and updated to incorporate the latest world developments, to Harry Potter novels and The Matrix movies, we remember and become the Continue reading »
Donald Trump has resorted to tariffs, imposed against friend and foe alike. There are no compromises or special deals because it’s not about favours for friends, or compliance, or punishment. Tariffs are part of a desperate bid to stave off insolvency. Presidential adviser Elon Musk has provided an important insight into the slew of seemingly Continue reading »
I don’t know if you noticed, but the federal election campaign began on Sunday. The date of the election has yet to be announced – it may be mid-April or mid-May – but hostilities have begun. And they began with an issue that’s been big in election campaigns for 50 years: Medicare. On Sunday, Anthony Continue reading »
Peanut Butter is a staple diet for many of us living busy lives and seeking tasty nutrition in a jar. And for those like me who love Bega’s brand of (Smooth) PB (see how it naturally aligns with ‘Personal Best’?), we can be doubly proud that the Australian-owned company behind this brand is part of Continue reading »