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In large organisations love hardly rates a mention. Mission statements highlight care, duty, responsibility and friendliness, but not love. Love is generally seen as an interrupter, combustible, something to fence in with protocols and professional standards, and for HR to monitor. When Pope Benedict XVI devoted an Encyclical to the place of love in public relationships, people were surprised. His argument is worth revisiting.
Over the last two years, money printing has created the illusion of strength in savings. But when reality resurfaces, and actual returns are required from actual economic and business activity, the global financial system will come under extreme stress.
The Australian Government’s decision to buy nuclear-powered submarines has brought to the surface once again big questions around how governments should spend money, particularly during a pandemic. The Government has ditched a $90 billion plan for French submarines in favour of even more expensive boats from the United Kingdom or the United States.
It has now been over a month since the Taliban seized Kabul. As attention inevitably shifts elsewhere, the painful question arises: What's next? Is this another 'back to the future' moment? The signs are grim. Over the last two weeks, the Taliban have issued a number of edicts which demonstrate that their attitudes to women have not changed.
Defence is a costly business, and few branches of defence are more costly, and questionable, than a country’s submarine capability. Since 2009, Project SEA 1000, the name for Australia’s Future Submarine program, has fascinated strategists and defence planners. In 2016, this resulted in an agreement with the French submarine company DCNS (now called Naval Group) to build an un-designed attack class vessel. Other contenders in the competitive tender — Germany and Japan, for instance — had existing models.
Clive Palmer is one Australian wanting to smash border restrictions during this time of pandemic. He is threatening to go back to the High Court seeking recognition of his right as an Australian citizen to travel freely between the States. In particular he claims the right to enter Western Australia where he has significant mining interests.
There is a three-way battle looming over the future of money and the stakes could scarcely be higher. Conventional money, mainly debt created by banks — the ‘folding stuff’ is only a tiny proportion of the total — is in trouble. Total global debt is now so large relative to the world economy it cannot be serviced, which is why monetary authorities have resorted to dropping interest rates. When they almost hit zero, the next step was quantitative easing (QE): printing money by getting the central bank to buy back government and corporate bonds and putting them on its ‘balance sheet’.
As restrictions drag on and the number of infections rises, more Australians are asking when lockdowns can cease. Federal politicians and business leaders have argued the case for a quick ending while claiming the authority of scientists. Science being science, the relevant questions have been tied to numbers. They have asked: how few cases should there be in the community before leaving lockdown? What percentage of the community must be vaccinated before the lifting of restrictions? What number of deaths should be tolerated for the gains of opening the economy? And when precisely should the opening of Australia take place?
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