Breaking the ice with China

The icebreakers illustrate the story. This month China sent its third icebreaker, the new Ji Di, into the Arctic, following Xue Long (pictured) and Zhong Shan. One of them is in waters north of Alaska.

Meanwhile, the US Coast Guard icebreaker Healy abandoned its Arctic mission after an electrical fire and limped home on one engine to Seattle. The only other US Coast Guard sea-going icebreaker, the 55-year-old Polar Star, is undergoing a refit.

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Bringing the corporates to heel

Far too many economists, commentators (me included), policy advisers, politicians of all stripes, and voters were taken in by the intellectual appeal of economic rationalism in the 1980s and 1990s.

We failed to see how the selfish, the charlatans, and the opportunists in the corporate world would grasp the whole Thatcher-Reagan (and in Australia Hawke, Keating and Hewson) philosophy and turn it into a massive enterprise to grab public money and stuff it into their private pockets.

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Security: the new political fault line

Last Friday’s cyber meltdown that affected everything from supermarkets to banks was an instructive event.

Like many, I have been trying to understand the recent tectonic shifting of political alignments.

How did hitherto business-supporting conservative political parties become not only champions of the working class but that the working class is increasingly supporting them? Donald Trump’s realigned Republican Party in the US and the Coalition in Australia are good examples.

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Australia should measure up

Hello, how are you?”

Reply: “Not so good. The balance in the mortgage offset account has gone down to near zero because of rising interest rates. I got the house insurance bill this week. It was horrendous. The super balance isn’t too bad, but that doesn’t help much because I can’t get at it. The tax cut and cost-of-living bonus barely made a dint.” And so on.

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The threat of a Muslim political party

Senator Fatima Payman’s resignation/expulsion/removal from the Australian Labor Party and results in last week’s British election have caused a fair amount of hand-wringing and “watch-out” warnings.

Labour in Britain lost seats to several pro-Palestinian independents and pro-Palestinian Greens, including to former Labour leader Jeremy Corbyn.

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In Australia, populism goes up in smoke

The unanimous support in the Senate for the law regulating vapes was a pleasant departure from the growing polarisation in Australian politics.

For some time, it appeared that the Opposition was going down the path of opposing for opposing’s sake or rejecting evidence and science in favour of the commercial interests of their donors and supporters.

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Kill climate war with election now

Prime Minister Anthony Albanese should call an election now. It is plainly in the national interest to do so. 

Normally, you would think, the party out of power has no power. Unfortunately, this is not the case. In Australia, Opposition Leader Peter Dutton has exercised damaging power from without right now.

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