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In all the rush, the crib’s still housed / from last year in the cupboard . . . I wonder / if in all our frantic preparations – beneath the toys, the tinsel, fairy lights / and all the other trinkets, decorations – there’s still within our hearts / and in our whole wide world, in all we plan and do, / even just a minute’s time for you?
so across this bridge of days / lurks a hollowed-out light / picking over the shattered glass of streets / a day when sun / apportions out / this impartial / where the cut & paste / the haste / of swallows is knitting up / all the available light.
LIV Golf chief executive officer Greg Norman, financed by the pockets of the House of Saud via Saudi Arabia’s sovereign wealth fund, continues the corporate march across the putting greens of the planet. Complementing the Saudi Kingdom’s funding, South Australia's Major Events Fund is contributing $40 million and in doing so, Premier Malinauskas has linked his government with a regime with a notorious human rights record.
Financial markets are made up of human beings and human beings have always been storytellers — long before science, or modern finance, or accounting even existed. Accordingly, the main skill of successful analysts, advisers, financial gurus and commentators is the construction of compelling narratives. They are, if not exactly creators of fairy stories, not too far removed from it.
A large part of ending violence against women and children is about convincing men that there’s a more healthy way to live; that there’s a society in which they can feel comfortable in themselves, pursue their dreams, and find love and comfort with others, and feel respected for who they are.
In the last few weeks, we have been drowned, smothered or mired in words that have striven for solemnity. Such occasions as the death of Queen Elizabeth II and the various Grand Finals are held to transcend the everyday and so to demand elegiac or epic words. It is easy to laugh at the manifest failures to reach those heights, whether by Poets Laureate who should have known better, or by excitable journalists. There is, however, something endearingly human in the attempt.
Despite a post-pandemic bull-run, both the national and international economy are now stalling. Interest rates are going up. Markets are going down. Inflation seems unstoppable. While many factors are to blame for the rising cost of living, a catalysing force continues to be our response to the war in Ukraine.
History has repeatedly shown us that what gets us through a crisis, what helps us to recover and rebuild, is responding to it with prosocial behaviour ― working together, starting with our communities at the local level, and from there building mutually supportive relationships at and across every level of society.
Daniel Mendelsohn lectures in classics at Bard College, a liberal arts institution in New York State. His retired father, aged 81 in 2011, regrets gaps in his own education, and asks to sit in on his son’s course of seminars on Homer’s The Odyssey. Professor Mendelsohn agrees, and Jay Mendelsohn joins a class of 18-19 year-olds. Later, father and son go on a cruise that retraces The Odyssey where they discover: is home a physical place, or something you carry around with you or within you?
In the context of mass school shootings in the United States, the latest of which took place at Robb Elementary School in Uvalde, Texas, a crude form of deterrence has made an appearance. To be safer, you do not remove guns, but spread them through a policy of mutually assured terror. Any gun toting individual entering the school grounds will think twice before encountering the hail of bullets from a protective teacher. Gun control, accordingly, becomes anathema.
As commodity prices and inflation soar in the ‘real’ world we may be witnessing a prelude to another 2008-style crisis triggered by the foreign exchange markets. The risks certainly look similar and can be described with a simple question. Can the fictions produced by out-of-control financial actors survive reality?
In purely economic terms, the upcoming Federal election is extremely unusual. The shut down of the Australian economy for almost two years because of health measures really has no precedent in our history. Only war can produce that type of shock. The Federal government’s financial response was as extreme as the state of emergency measures, including a sharp increase in Australian government debt. It remains to be seen, however, if the government gets much credit for injecting so much free money into the economy. It is unlikely.
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