‘FIVE NEW IDEAS ABOUT INEQUALITY’
OUT OF THE ECHO CHAMBER DAY
MELBOURNE ABORIGINAL YOUTH SPORT AND RECREATION CO-OPERATIVE, FITZROY
7 AUGUST 2018
Over the weekend, I read an intriguing story about the increasing size of superyachts. The article noted that one of the richest men in Australia has over recent years upgraded from a 21-metre long sports cruiser to a 27-metre flybridge cruiser. His latest is a 73-metre Hasna superyacht, worth $75 million. But it’s not the biggest privately owned yacht in Australia. Another rich-lister owns a 74-metre Italian-made yacht.
Yet as investment banker Mark Carnegie notes, no matter how large they get, ‘someone’s always got a bigger one’. Carnegie observes that people buy these megaboats ‘as a means of transport; a place to sleep; a venue to entertain; a floating activity centre; and, most important of all, to show off.’
In the world of luxury boats, one expert observes that ‘the client who 15 years ago would have been satisfied with a 40-metre yacht, which would then have been one of the largest yachts in the bay, is now surrounded by dozens of yachts of 60-70 metres, and this plants the seed that he really ought to upgrade.’ The world’s largest yachts now include multiple swimming pools, submersibles, jet skis, concert halls and dance floors. Running costs alone can be millions of dollars per year.Read more
Moving to Gungahlin
The Chronicle, 7 August 2018
In 1991, when it was officially launched as Canberra’s fourth town, Gungahlin had less than 400 residents. Now, it’s home to more than 70,000.
Originally spelt ‘Goongarline’, the region’s name means ‘white man’s house’ or ‘little rocky hill’.
As one of the fastest-growing parts of Australia, Gungahlin has plenty to recommend it. For those who like to exercise, there’s an Olympic-sized pool, a popular Saturday Parkrun and a flying fox at Yerrabi Pond for the kids. The strength of community is demonstrated by the active Gungahlin Community Council, and active faith groups at the Uniting Church, Anglican Church, Presbyterian Church and the Gungahlin Mosque.Read more
TRUMP UPS THE ANTE IN TRADE WAR
Sydney Morning Herald, 2 August 2018
After campaigning hard for tariffs on imported washing machines, US manufacturer Whirlpool was delighted in January when the Trump administration imposed new import duties. Whirlpool chief executive Marc Bitzer told an investor call: "This is, without any doubt, a positive catalyst for Whirlpool." The company’s share price jumped by about 10 per cent.
A few months later, things weren’t looking so rosy. The Trump administration announced that it would impose steel tariffs: meaning that the price of one of Whirlpool’s main raw materials would increase substantially. According to the Wall Street Journal, Bitzer warned investors in April that "there continues to be uncertainty regarding potential future tariffs and trade actions". Whirlpool’s share price had fallen by about 20 percent.
But the biggest losers weren’t shareholders, they were consumers. In the three months to the end of June, prices of washers and dryers in the US rose by one-fifth, the largest increase in more than a decade.Read more
Malcolm Turnbull has had one big economic idea since he became Prime Minister - Transcript, Sky News
MONDAY, 30 JULY 2018
SUBJECTS: Braddon and Longman by-elections; Newspoll; Corporate tax cuts; Labor’s economic plan.
KIERAN GILBERT: This is AM Agenda, with me now the Shadow Assistant Treasurer, Andrew Leigh. Thanks very much for your time. Obviously I spoke to Bill Shorten earlier, he's very happy this morning understandably given how much was at stake that week on Saturday, the Super Saturday by-elections.
ANDREW LEIGH, SHADOW ASSISTANT TREASURER: As he should be. Bill campaigned extraordinarily hard, particularly in Braddon and Longman but also in Mayo, Perth and Fremantle. We've seen this result not only a reinforcement of Bill's positive plan but also an utter repudiation of Malcolm Turnbull and Turnbullnomics. This idea that a big company tax cut is going to be good for the Australian economy has been rejected by many economists and now rejected by thousands of Australian voters.
BRENDAN O’CONNOR MP
SHADOW MINISTER FOR EMPLOYMENT AND WORKPLACE RELATIONS
MEMBER FOR GORTON
ANDREW LEIGH MP
SHADOW MINISTER FOR COMPETITION AND PRODUCTIVITY
SHADOW MINISTER FOR TRADE IN SERVICES
SHADOW MINISTER FOR CHARITIES AND NOT-FOR-PROFITS
MEMBER FOR FENNER
LABOR SENATOR FOR QUEENSLAND
WHILE THE LNP DITHERS ON DIRECTOR IDS, DODGY DIRECTORS KEEP BURNING THEIR CREDITORS
Reports this week that Longman One Nation candidate Matthew Stephen sold his company to an Irish backpacker who had left the country two years earlier are a stark reminder of the need to crack down on dodgy phoenix activity.
Scott Morrison's politicisation of Treasury is nothing short of disgraceful - Transcript, Sky AM Agenda
MONDAY, 23 JULY 2018
SUBJECTS: Braddon and Longman by-elections; Superannuation; Regional migration; Politicisation of Treasury.
TOM CONNELL: Joining me now in the studio is Labor frontbencher, Andrew Leigh. Thanks for your time.
ANDREW LEIGH, SHADOW ASSISTANT TREASURER: Pleasure, Tom. Great to be with you.
CONNELL: I know you just love talking about the polls, it was an interesting one with Anthony Albanese and Bill Shorten, is this the most pressure Bill Shorten has been in since the last election maybe?
LEIGH: The job of an Opposition Leader is probably the highest pressure job in politics, Tom. You’re both the central critic of the Government and also the alternative Prime Minister. Bill has done that remarkably well over the last five years, bringing together the Labor team, putting out positive policies. He'll be leading us to the next election and he'll be the next Prime Minister.Read more
TURNBULL GOVERNMENT ALL TALK AND NO ACTION ON ILLEGAL PHOENIXING
The Turnbull Government have today finally released 2015 costings of how much dodgy phoenixing activity costs the economy – yet they are failing to take action to stop it.
In 2012, phoenix activity was estimated by PWC to cost as much as $3 billion. PWC’s 2015 report – belatedly released by the Turnbull Government today – puts that figure at $5 billion.Read more
WEDNESDAY, 4 JULY 2018
SUBJECTS: Braddon by-election; Corporate tax cuts; National Energy Guarantee.
KIERAN GILBERT: With me now is Shadow Assistant Treasurer, Andrew Leigh. Just on this lunch or consultation with the Chamber of Commerce in the seat of Braddon, Labor wants to correct the record here saying it hasn't been cancelled, there is still a lunch going ahead and there's been quite a good response for a breakfast tomorrow. Seeing as Labor wants to make sure that there's no sense of a backlash here after the company tax debate last week.
ANDREW LEIGH, SHADOW ASSISTANT TREASURER: Kieran, there's no shortage of people wanting to engage with Bill, whether it's in the community or in the business sector. He's holding business events at lunch today and breakfast tomorrow and a town hall meeting tonight. That will be about 70 town hall meetings that Bill has held since Malcolm Turnbull became leader. I've got to say that Malcolm Turnbull hasn't held 70 town hall meetings.
Australia has become more disconnected over the course of the past generation - Transcript, Sky News
TUESDAY, 3 JULY 2018
SUBJECTS: New survey on friends and neighbours; Labor’s Reconnected forums.
DAVID SPEERS: Andrew Leigh, thanks very much for your time this afternoon. Let's just start by looking at how serious this problem of loneliness really is. How would you characterise the seriousness of this?
ANDREW LEIGH, SHADOW ASSISTANT TREASURER: I think it's a huge challenge, David. If you go back to the mid-1980s, 11 per cent of Australians said they had no one they could turn to in times of difficulty, now that has almost doubled up to 18 per cent. In Britain after the death of Jo Cox, they've appointed a Minister for Loneliness. Colleagues of mine including Graham Perrett, Andrew Giles and Louise Pratt have been talking about the issue of loneliness. We have these new survey results now suggesting that Australians have fewer close friends and are less likely to know their neighbours than they were in the past.Read more