The Germany that engaged in the successful 1973 float of the DM, now seems to be missing the main point of that decision. That monetary autonomy is valuable.
Also odd is German backing of currency areas across very differing economies, in tandem with federal fiscal rules absent a federal government.
Inflation and threats to currencies loom large in German history and so German activism on such matters is no surprise. But what is a surprise is the evident failure to get the core issue of monetary autonomy right.
The rise of Hitler was a cataclysmic response to hyperinflation that destroyed German savings of the 1920s. German Marks traded at 67 billion to the US dollar in 1923. Notes were carried in increasing numbers of wheelbarrows, as people desperately sought scapegoats and new leadership.
To whale or not to whale … THAT should be the question
I was simply amazed when I read a small online Japanese article about a week ago. It was reporting the departure of three whaling ships from Shimonoseki, former whaling town in the western Japan, heading for the Antarctic. I was amazed not that I was surprised by the fact that the Japanese had decided to return to the Antarctic yet again but that one official from the Japanese Fisheries Agency was quoted as saying that they had beefed up the fleet’s security level to counter the attack from activists and they were releasing the information beforehand because it may work as a “deterrent effect” .
Excuse me? Deterrent effect? Are you serious?
The Federal Government’s White Paper on Homelessness, The Road Home: A National Approach to Reducing Homelessness (White Paper), proposed the introduction of new legislation that would “underpin the national response to homelessness, setting standards to deliver the best quality services possible”.
In June 2009, the Minister for Housing referred the inquiry into homelessness legislation to the House of Representatives Standing Committee on Family, Community, Housing and Youth (Committee). The Committee’s terms of reference were to inquire into and report on the content of homelessness legislation.
Occupy protestors have a right to protest; police powers to move them on from public spaces should be questioned. RynChristophe/Youtube
Few economic challenges are as potentially destabilising as threats to currencies – or exchange rates. German history, including the rise of Hitler, was a shattering response to the hyperinflation that destroyed savings in the 1920s. Assets had been destroyed by a currency that in Nov 1923 traded at 67 billion to the US dollar. Inflation that meant money was carried in wheelbarrows; and one needed more and more barrows.
Ever since that time, German unions, businesses and households have been inflation averse to a very marked degree – which made the 1999 Euro decision understandable in non-inflationary times, but unwise given widely divergent economic conditions across Euro nations and an uneven level of fiscal discipline across many European countries.
Competition… at any cost?
So, Heinz has made a bit of a fuss about the growth of private-label or in-house brands in our major supermarkets. According to Fairfax publications, “William Johnson, executive chairman, CEO and president of the $US16.4 billion Pittsburgh-based Heinz, told investors the company has had to rework its strategy in Australia to cope with the growing domination of private label goods and the never-ending discounting on branded goods by the supermarket chains,” with Mr Johnson labelling Australia as the “worst market” to do business. Obviously, Johnson and other national brands should be doing everything they can to try and deal with this growth in supermarket private-label brands. It is in their interests to have as much of their product on the supermarket shelves as possible.
When uni drop out happens, it can be tempting to balme the student. But this is simplistic thinking at its worst.
The ways in which students from low socio-economic status in Australian higher education are thought about and talked about need some careful examination.
There are deficit conceptions of students from low socio-economic backgrounds and deficit conceptions of the institutions in which they study. But is there a more useful and progressive framing of the widening participation agenda?
The Australian federal government has set an ambitious target in an attempt to address the under-representation of students from low socioeconomic status (low SES) backgrounds in higher education: that by the year 2020, twenty per cent of higher education enrolments at undergraduate level should be from students from low SES backgrounds.
Australia’s relationship with Indonesia is continuing at its all-time high following the conclusion of the East Asia Summit in Bali. Prime Minister Julia Gillard has come away from the summit confirming a major reduction in tariffs in trade with Indonesia, providing further "ballast" to the once-troubled relationship.
Even Australia’s agreement to host US Marines in the Northern Territory has caused fewer problems than sometimes insecure strategic commentators in Jakarta might have indicated in the days immediately after the plan was announced. Having said that, it is unlikely that Australia will take up President Susilo Bambang Yudhoyono’s suggestion that Australia also play host to China’s military, by way of balancing assertions of regional power.
The caps are coming off and university administrations are nervous. Just what a demand driven system means for university recruitment, no-one really knows for sure. What I know for sure is that as well as ensuring recruitment targets are met, we need to be ready to ensure the success of the students we recruit, especially the ones who are from underprivileged backgrounds.
I think we should give them all schoalrships, bursaries, stipends and all the other versions of free money available. Lucky I don't rule the university world or we'd be spending a bit of money (and maybe keeping more students to completion...ahem).
We also need to assist those who aren't familiar with the discourses and norms of higher education to understand what is expected of them as university students and to learn to perform in ways that ensure their success. Easy to type, hard to do. But some research I led last year has some cool tips.