Western media reports about China are of tensions and animosity, restrictions and sanctions, balloons and drugs. So, it’s easy to believe the China-US relationship has fallen apart. However, look beyond the headlines and political rhetoric, there is a different picture. The dinner held on the side of APEC saw a Who’s Who of business leaders Continue reading »
Economy
With only a fraction of local government audits now completed on time and a significant decline in their quality, a fundamental pillar of devolution is under threat, leaving communities in the dark on their council finances, experts warn
At a recent Innovation Forum, the Minister for Government Services, the Hon Bill Shorten, volunteered the observation that the Australian research and innovation community is in danger of becoming an “echo chamber”, if it wasn’t already. The term echo chamber invokes an image of a community isolated from dissenting opinions, thus reinforcing pre-existing beliefs. This Continue reading »
For the last three decades the Reserve Bank of Australia has focused on just one economic goal – a rate of inflation between 2 and 3 per cent. It is a goal they have pursued relentlessly since 1993, regardless of how effective or fair it is. Last Tuesday they increased the cash rate yet again. Continue reading »
Australia’s penal colony culture has continued into the fabric of all our public administrations, but most particularly Health, Education, Community Services and Justice. ‘Don’t challenge the System. Learn to do what you’re told, and to know your place,’ could be the mottoes of many arms of government. In the field known as ‘Alcohol and Other Continue reading »
Once again Biden confirms he’s not the intellect he once was. People will remember years ago when Biden was a smart, intelligent and incisive man. He was always easy to disagree with but never easy to dismiss. Now, there is a serious danger whenever he goes off-script. As he left a meeting with Xi Jinping, Continue reading »
Demand is exploding for materials used in clean technology and IT. Amid worries that China dominates supply of many of these, Australia is developing a $4 billion program to expand their mining and processing. In Washington, our PM and the President announced a joint “Compact” on critical minerals. There are hazards here, including possibly tying Continue reading »
In January 2021, the Morrison government changed the way university fees are set with the Job-ready Graduates scheme. The idea was to steer students into courses that would lead to “the jobs of the future”. So the scheme made some fields (such as history and journalism) more expensive and some (such as nursing, teaching, computer programming and engineering) Continue reading »
There are 21 countries attending APEC and over 1,200 organisations from within those countries. Only one of the 21 countries, which happens to be the host, has a recent history of promoting de-coupling, or de-risking which is diametrically opposed to what APEC stands for; they seem to forget that the C means cooperation. For the Continue reading »
While the US and its allies prioritise reducing supply chain risks, reshuffling away from China, repercussions from decoupling or de-risking might pose greater concerns than the risks themselves. Such actions could bifurcate the global economy, leading to fragmented supply chains and divergent technology standards. This could hinder global economic recovery, dampen investment flows, and impede Continue reading »