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Elon Musk’s proposed hostile takeover of Twitter will be a fascinating battle that will have consequences far beyond the stock market. It is exposing just how financially strange social media and conventional media have become.
The children have been busy. On matters of environmental justice, Australia has witnessed much legal activity from youthful citizens who, despite in some cases not being old enough to vote, have stirred politics. In 2021, five lodged complaints with the United Nations over the failure of the Australian government to cut, in a meaningful way, greenhouse gas emissions by 2030.
Like the aged care sector more broadly, home care is in the process of transition as the federal government implements a system designed around the principles of consumer choice and efficiency. The push is driven by expectations that the number of Australians accessing aged care services will more than triple by 2050.
In 2020 as the Covid-19 pandemic raged globally, as Australia shut its borders and some states shut in their people, massive government income support was introduced. The government was a little slow coming to recognise the need for such measures. Once they had, they wanted the support rolled out as quickly as possible. Frydenberg, Scott Morrison and their colleagues recognised that a demand side boost was absolutely necessary to sustain economic activity. The government was uncomfortable, though, with this approach.
Prior to the conclave that elected Pope Francis, the Cardinals who met together identified the need for a reform of the Vatican finances and a broader reform of the Roman Curia. Shortly after Francis was elected, work began on the reform of the Roman Curia. There was wide consultation including with the various bishops’ conferences around the world.
Russia’s invasion of Ukraine has led to severe financial sanctions being imposed on the country that are likely to have lasting consequences. Problem is, they may not be the ones the sanctioners are expecting. They may even come to regret what they have done.
It was once said of T. E. Lawrence that he had a tendency to back into the limelight. With the late Shane Warne, arguably the finest slow bowler cricket has ever produced, it edged towards him. His debut appearance against India in the 1991-2 home series in Australia was not auspicious. Paunchy, exuding a vernacular Australian coarseness, and initially wayward, he received an object lesson from India’s Ravi Shastri and the youthful Sachin Tendulkar at the Sydney Cricket Ground. But there were already those incipient signs: the slovenly look, the ear piercings, the peroxide hair.
Australia’s Reserve Bank mainly concentrates on keeping inflation within an acceptable range and maintaining a high level of employment. Social equity has never been considered to be part of its mandate. It should be. Interest rates have been the biggest cause of economic and social division in Australia, not just between rich and poor, but also between older and younger generations.
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