I’m reminded of my school days when our German teacher on the last day of term used to read us tales of Baron Münchhausen, who on one occasion jumped on his horse and rode off madly in all directions. There is so much going on, fully covered at RenewEconomy, so it is difficult to select the most significant. I’ll try a couple of themes, and include some AFR coverage, which is trying to keep business informed.
Sally McManus, the new Secretary of the ACTU announced the demise of neoliberalism as a useful economic force in her speech to the National Press Club National Press Club, as well as defending her comments that anti-strike laws were unjust and could be disobeyed, and setting out the union peak body’s case for a $45-a-week increase in the minimum wage.
McManus said that neoliberalism and trickle-down economics had caused inequality to reach a 70-year high in Australia and that “working people and ordinary Australians have been the victims”.
“The Keating years created vast wealth for Australia, but has not been shared, and too much has ended up in offshore bank accounts or in CEO’s back pockets.
“Working people are now missing out and this is making them angry.”
The biggest question is what comes next? There are Russian troops on the ground. The Syrians and Russians have anti-aircraft weapons capable of bringing American planes down, which have been flying freely to strike ISIS targets. Continue reading Saturday salon 8/4→
The government has produced the latest State of the Environment Report 2016 which happens every five years. I’ve browsed the report and can say that it has some magnificent photographs.
According to the ABS Australia’s population will be between 36.8 million and 48.3 million in 2066 as against 24 million now. The report says that the key drivers of environmental change are population growth and economic activity.
Ray Hadley reckons that if Turnbull can’t lead Bill Shorten by 20 points he doesn’t deserve to be prime minister. According to the latest Newspoll in the ‘Better PM’ stakes Shorten has taken ground off Turnbull. Turnbull is now only 9 in front compared to 14 last time.
As to how well they are doing their job, 32% approve of Shorten compared to 30% for Turnbull. And it’s not new. Shorten was 2% ahead back in November, and has tended to shade him ever since (three times out of four). Of course both are in net negative territory.
In ‘Two Party’ terms it’s 53-47 to Labor, compared to 52-48 last time. Here are the individual party votes: Continue reading Malcolm’s malaise→
When Elon Musk dramatically promised to build a grid-scale battery in South Australia, the media was enthralled. Share traders and a string of Australian fund managers smirked. They’d seen it all before, and were shorting him in the market.
In that very week he was in the market with plans to raise $US1.15 billion in equity and convertible notes. I understand also that Tesla has gone strangely quiet about SA since then. Continue reading Climate clippings 201→
This is the story about an Indian couple in Melbourne, who desperately wanted to stay in Australia. They moved to Adelaide, where the wife was offered a three-year contract as a cook in an Indian restaurant for $52,500 pa under a 457 visa.
What happened is that she ended up working for years for nothing, and sums of $30,000 and then $20,000 were extorted on threat of ending 457 sponsorship. Then the authorities cancelled the company’s right to sponsor, so their visa was cancelled. Continue reading Saturday salon 1/4→
Climate change, sustainability, plus sundry other stuff
Neoliberalism has run its course, 
