Yesterday I made an application to depart my university of employment and to accept a redundancy. It was an emotional moment for me as I had never contemplated exiting employment in this way. I always thought I would work until I dropped. My decision partly reflects what I want to do with my life in the future (more leisure, greater freedom from obligation) but it mainly reflects my pessimistic assessment of where the Australian universities are going.
Articles from Harry Clarke
Distortions in the patient market for new drugs mean that drugs are overwhelmingly being developed for people who will die anyway from conditions the drugs are designed to address. There are few incentives to provide preventative medicines and this distortion costs lives.
As the Economist states:
This is a preposterous, improbable Australian movie. A young American women gets a group of young aboriginals to do a performance of Shakespeare’s Hamlet. Based in Redfern, Sydney. The movie is not even going to be released in conventional cinema. But I loved it and scenes moved me to tears. A great Australian film that trounces Hollywood and the garbage we are delivered via the mainstream cinema.
Low interest rates that are unlikely to increase any time soon and property as well as equity markets that are growing strongly, both in Australia and overseas, create the basis for gearing up and taking high levels of risk. People ask me – as an economist – how it will all end. I confidently predict it will end in tears with many people losing everything and margin calls driving asset prices to levels where those few smarties with plenty of cash will make a killing.
I have been working on this FTA over the past week or so and trying to get up to speed on ideas in this area. Some provisional notes – comments very welcome.
My interest in William Blake’s poetry dates back about 40 years to performances of his “Songs of Innocence and Experience” by Allen Ginsberg. They were on an 1969 LP I had that got nicked while I was living in Surrey Hills Sydney. Searching I found YouTubes of several performances from this album. I particularly liked the mantra like version of “The Sick Rose” recorded here:
IT is now widely understood (i) that current carbon pricing has fairly marginal impacts on electricity prices and that (ii) current electricity prices are high because of excessive investment in network costs which stems from the way electricity prices are regulated: Ross Gittins provides a simple explanation of this second issue.
The heading “holds out” is strong but economics staff do think the proposed staffing cuts are not in the interests of the university. This is not only an issue of self-interest. The School of Economics needs to be restored to the strong, growing school that it was up to 2012. This would not be difficult though it will be very difficult to carry out such a restoration if proposed cuts go through.