~ Jeremy Bentham
Australia’s government needs to scrap its “free trade Taliban mentality”, buy more local products and properly scrutinise foreign investment, says Nick Xenophon, the leader of one of the minor parties that holds considerable sway following last month’s election.Most of all, it hurts that he is called Xenophon; some of you will know that Xenophon from ancient Greece was the first (surviving) author to point out the phenomenon of division of labor.
Apparently there is a “Great Xenophon stagnation” or even retrogression. This passage notwithstanding, the Taliban, by the way, did not favor free trade
World Bank is revising its 2016 global growth forecast down to 2.4 percent from the 2.9 percent pace projected in January
Redefining corruption: Public attitudes to the relationship between government and business
It began at the end of April when Australia's biggest milk processor, Murray Goulburn, slashed the price dairy farmers had been expecting for their milk. Instead of the $6 a kilogram that farmers had been relying for their milk solids, they were suddenly told they would be getting well under $5 a kilogram Dairy farmers forced to sell up in face of plunging milk prices
Australians of a nervous disposition should probably avoid reading the Chinese press and social media at the moment. A combination of tensions over the South China Sea and the Olympics has made Australia the target of wild invective by Chinese nationalists. Why Australia’s luck may be running out FT
Our World in Data by Max Roser – “[This graph and much more can be found in the Our World In Data-entry on how healthcare is financed.] The graph shows the relationship between what a country spends on health per person and life expectancy in that country between 1970 and 2014 for a number of rich countries. The US stands out as an outlier: the US spends far more on health than any other country, yet ...
Bank for International Settlement – Low long-term interest rates as a global phenomenon by Peter Hördahl, Jhuvesh Sobrun and Philip Turner. Working Papers No 574, August 2016
Speaking of IMF, only barely related to the above accept by abbreviation, but there was an interesting development in International Monetary Fund landscapes in May this year:
Once again Eastern Europe is the location of a geo-political struggle that could define Europe’s security for a generation. (This time there are not too many links to former communist Czechs or Slovaks) Moldova, a small country with a long history of foreign meddling, is at the epicenter of Eastern Europe. It is time for policymakers in the West start giving this tiny country more attention.
IMF and Eastern Europe
IMF A corrupt cop policing corruption
[PDF]Corruption: Costs and Mitigating Strategies; IMF Staff Discussion Paper
The International Monetary Fund is sending an economic team to Australia to examine the risks posed by property speculation and record-high household debt as part of a broad health check-up of the sagging domestic economy
IMF to probe Australia's record property and debt levels
Africa and IMF
The final aim [of a democratic assembly]….is the voting of wise decisions. The voters, therefore, must be made as wise as possible. The welfare of the community requires that those who decide issues shall understand them. They must know what they are voting about. And this, in turn, requires that so far as time allows, all facts and interests relevant to the problem shall be fully and fairly presented…As the self-governing community seeks, by the method of voting, to gain wisdom in action, it can find it only in the minds of its individual citizens. If they fail, it fails.
~Alexander Meiklejohn, 1948
Is income received by way of salary by an Australian resident taxpayer from the International Monetary Fund (IMF) taxable in Australia?
No. The taxpayer is exempt from taxation in Australia on the salary received from the IMF.
The Issue With Taxation and Inequality
Medibank taps Sportsbet exec for CIO role
World Bank staff vs. World Bank president
We have been telling you that foreign agents will continue to be a big and growing issue (NYT, #Ukraine, #Russia, #Manafort).