AUSTRALIA’S lofty status as the world’s second richest nation remains intact, new figures reveal, despite household wealth stalling this year.
In the seventh annual Global Wealth Report from Swiss bank Credit Suisse, the “lucky country” posted an average wealth of $US375,600 ($508,900) for every Australian, second only to banking hotbed Switzerland, with an average net worth of $US562,000.
Essentially the government succeeded with the registered organisations commission bill by doing deals with The Nick Xenephon Team (NXT) and Derryn Hinch on whistle-blower provisions. Hinch reckons the whistle-blower provisions are the best in the world, and the Government has agreed to extend them to the corporate and government sectors by 2018. Continue reading ABCC: a better plan for union governance?→
Tesla founder and CEO Elon Musk has again set tongues wagging, this time with his declaration last week that his newly launched integrated solar roof tiles could actually cost less to install than a regular roof – making the renewable electricity they produce “just a bonus”. Continue reading Climate clippings 191→
There are a few topics I currently feel passionate about, and if I don’t do this one now it will slip off the list.
Last week Richard Fidler did a re-run of his interview with Jon Ronson on what it’s like to be publicly shamed and Ronson’s book So You’ve Been Publicly Shamed. Twitter and Facebook have become places where people can be mercilessly attacked and threatened. Many lose their jobs, are afraid to go outside, and their lives forever change. Some, says Ronson, commit suicide. Continue reading Mob rule on the intertubes→
Immanuel Wallerstein, the sociologist who gave us World Systems Theory, has devoted his latest commentary to the consequences of a Trump victory. (From the end of the month it will appear as Commentary 437 in the archive.)
Domestically he says it doesn’t matter how much he won by or whether he won the primary vote. He won.
Ignorance, lies, insults and even ‘fake news’. The US presidential election set new lows for political theatre – it couldn’t be described as discourse. And the country could not be more divided, well, short of civil war.
The Bureau of Meteorology says wind gusts up to 260km/h from a “supercell” thunderstorm and multiple tornadoes were recorded on September 28, destroying transmission towers and causing the state-wide blackout in South Australia.
Canadian author and activist Naomi Klein accepted the 2016 Sydney Peace Prize on November 11, delivering a searing speech that reflected on Donald Trump’s presidential victory in the United States and the factors that allowed it to happen.
“If there is a single overarching lesson in the Trump victory, perhaps it is this: Never, ever underestimate the power of hate, of direct appeals to power over the ‘other’ … especially during times of economic hardship,” said Klein, whose books include The Shock Doctrine and This Changes Everything: Capitalism vs. The Climate. Continue reading Saturday salon 12/11→