For Australia’s wealth and prosperity, it does not matter where the profits from Australian businesses end up. All that matters for the Australian economy is that Australia remains a place where business transactions take place – irrespective of who owns the business. […]
Just days after the resignation of Dominique Strauss-Kahn from the International Monetary Fund, French finance minister Christine Lagarde emerged as the frontrunner to succeed him. As nominations closed this week, her only remaining opponent, Mexican central banker Agustín Carstens, has all but conceded defeat. The IMF may soon get its first female managing director. […]
It was in a busy shopping street in the city centre of Lübeck where I spotted them. Glowing in bright yellow, the fruits at the market stall looked exactly as I remembered them from Australia. But when I saw the price of 79 Euro cents per kilo (approximately AU$1), I wondered whether they were really bananas. […]
We have all heard many versions of the famous light bulb joke. Like this one: Q: How many economists does it take to change a light bulb? A: Two. One to assume the ladder and the other one to change the bulb. Since traditional light bulbs have long been banned in Australia, it’s time to adjust the joke and move on to other household items. Such as TV sets. But here the government provides us with a real life joke. […]
How a new playground in a fossilised village can amount to ‘nation building’ is a government secret. They could have just as well repainted the disused railway station or installed a new dock in the closed courthouse. […]
This week produced more news about big infrastructure projects for Sydney. A government inquiry warned that without a second airport, Sydney could face severe flight disruptions within a decade. According to the transport minister, Anthony Albanese, Kingsford Smith Airport is already operating at capacity. […]
Coming from a country where even petrol stations are allowed to sell alcoholic drinks as ‘essential traveller needs’, I have always found Australian alcohol licensing practices rather bizarre. To Australian regulators, beer, wine and spirits seem to be in the same danger category as guns and porn – and thus have to be hidden from the public’s view in specialised stores. […]
Voters bias towards more beautiful politicians has long been confirmed in surveys. Where voters are uninformed about politicians’ plans and beliefs, they instinctively go by their appearance. But new research from Scandinavia reveals that good looks are quite unevenly distributed in this beauty contest.
[…]
Politicians love ‘creating’ jobs, especially when these jobs serve a ‘greater good,’ such as fighting climate change. Greens leader Bob Brown recently praised Germany’s renewable energy policy. […]
Europe’s political class finally acknowledges that their pet project of free-for-all multiculturalism was a delusion. But to correct its disastrous consequences requires more than carefully crafted speeches at international conferences. […]
Copyright © 2024 | MH Magazine WordPress Theme by MH Themes