Labour

Isabel Schnabel: From laggard to leader? Closing the euro area’s technology gap

Retrieved on: 
Saturday, February 17, 2024
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This paper, by means of a DSGE model including heterogeneous firms and banks, financial frictions and prudential regulation, first shows the need of climate-related capital requirements in the existing prudential framework.

Key Points: 
  • This paper, by means of a DSGE model including heterogeneous firms and banks, financial frictions and prudential regulation, first shows the need of climate-related capital requirements in the existing prudential framework.
  • We further show that relying on microprudential regulation alone would not be enough to account for the systemic dimension of transition risk.

Texcell-North America Celebrates Achievement: First Graduate of Maryland Biological Technician Apprenticeship Program

Retrieved on: 
Friday, February 16, 2024

FREDERICK, Md., Feb. 16, 2024 /PRNewswire-PRWeb/ -- Texcell-North America, a prominent name in the field of custom cell culture and virology biosafety testing proudly announces a significant milestone with the graduation of Dwight Jones, the first graduate of the Maryland Biological Technician Apprenticeship Program.

Key Points: 
  • FREDERICK, Md., Feb. 16, 2024 /PRNewswire-PRWeb/ -- Texcell-North America, a prominent name in the field of custom cell culture and virology biosafety testing proudly announces a significant milestone with the graduation of Dwight Jones, the first graduate of the Maryland Biological Technician Apprenticeship Program.
  • - Alysia Birkholz, Texcell-North America
    Texcell-North America was one of the leading biotech companies that worked with the Maryland Department of Labor and Frederick Community College to develop the Biological Technician Apprenticeship Program and hosted an apprentice position alongside with other companies such as Lonza and Kite Pharma.
  • As the inaugural graduate of the Maryland Biotechnology Apprenticeship Program, Mr. Jones shared insights into his journey, beginning with an interest sparked during the challenging times of COVID-19.
  • He transitioned from a biology major to a hands-on biotech program at Frederick Community College, seizing the opportunity to participate in an apprenticeship program that seamlessly integrated academic knowledge with practical experience.

Ross Garnaut and Rod Sims have proposed a $100 billion-a-year fossil fuel tax – and it’s a debate Australia should embrace

Retrieved on: 
Friday, February 16, 2024

Leading Australian economists Ross Garnaut and Rod Sims this week sought to shake up the carbon policy debate in Australia, by proposing a tax on the nation’s fossil fuel production.

Key Points: 
  • Leading Australian economists Ross Garnaut and Rod Sims this week sought to shake up the carbon policy debate in Australia, by proposing a tax on the nation’s fossil fuel production.
  • They claim it could raise A$100 billion in its first year and position Australia at the forefront of the low-carbon revolution.
  • The proposal has been rejected by the federal government and the Nationals, as well as business groups and the fossil fuel industry.

How would the tax work?

  • It involves a “carbon solutions levy” applied to all fossil fuel extraction sites in Australia (around 105 sites), and on all fossil fuel imports to Australia.
  • The tax would presumably be calculated according to the emissions generated when the fuels are burned.
  • Garnaut and Sims say proceeds in the first year of the levy would be well over A$100 billion.
  • And as Garnaut also outlined in his speech, climate change threatens Australia’s economy, which remains heavily dependent on exporting fossil fuels.

Is the levy a good idea?

  • The purpose of a carbon tax, or levy, is to ensure polluting companies pay for the damage they cause.
  • In theory, the taxes make polluting production processes more expensive than the alternatives, reducing demand for those products.
  • The world, including Australia, has committed to reaching net-zero emissions by 2050.
  • After more than a decade of the so-called “climate wars” in Australia, the term “carbon tax” remains politically unpalatable.

The rest of the world got the memo

  • Notably, from 2026 a European Union tariff on carbon-intensive imports will come into effect.
  • The policy is designed to level the playing field for EU manufacturers that must pay a penalty for their own pollution.
  • In coming years, we can expect other jurisdictions to implement similar policies to guard their domestic industries.
  • And finally, imposing a carbon levy in Australia would ensure we get to keep the revenue for ourselves.

Will such a levy ever happen?

  • But as the world comes to terms with the economic reality of climate change, Australia risks being left behind.
  • As Garnaut told the ABC, everyone is a winner under the plan, except fossil fuel companies which, he conceded, “will hate it”.
  • But climate change is wreaking havoc on human communities, on natural systems, and on the global economy.
  • A carbon levy of the type proposed is an eminently sensible approach to get to net zero.


Ian A. MacKenzie does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

First In-Depth Assessment of the Post-9/11 GI Bill® Provides Insight on Veterans' Post-Secondary Enrollment, Degree Completion, and Earnings

Retrieved on: 
Thursday, February 15, 2024

That increases to 62% when counting veterans who transferred their GI Bill to their spouse or dependent and benefit use outside of higher education.

Key Points: 
  • That increases to 62% when counting veterans who transferred their GI Bill to their spouse or dependent and benefit use outside of higher education.
  • Additionally, more veterans may use the GI Bill at a later date, given the 2017 ‘ Forever GI Bill ’ that removed the 15-year window for veterans to use the benefit.
  • Of those who used the benefits after leaving the military, about 47% completed an associate, bachelor’s, or graduate degree within six years.
  • Black veterans’ earnings were significantly lower than other veterans, and American Indian/Alaska Native earnings were also lower.

Grattan on Friday: Morrison’s departure will help Liberals ‘move on’ but Nationals can’t ‘move on’ until Barnaby does

Retrieved on: 
Thursday, February 15, 2024

For the Liberals, Morrison’s departure is a significant symbolic “moving on” moment.

Key Points: 
  • For the Liberals, Morrison’s departure is a significant symbolic “moving on” moment.
  • The Coalition Morrison is exiting is a mixed bunch, in terms of performance, illustrated by the first weeks of this year.
  • The opposition could not have avoided being outfoxed by Prime Minister Anthony Albanese’s bold reworking of the tax cuts.
  • The Liberals used material from this week’s Senate estimates hearing to pound Immigration Minister Andrew Giles in the House of Representatives.
  • Among the Nationals, their Senate leader, Bridget McKenzie, has proved very effective this term, notably on Qantas and Qatar Airways.
  • Once hailed as a great “retail” politician, Joyce at the 2022 election was considered a retail negative in many Liberal seats.
  • While he is in parliament, the Nationals will remain a tinderbox (even though they manage to hold their seats).


Michelle Grattan does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

Tasmania is going to an early election. Will the country’s last Liberal state be no more?

Retrieved on: 
Wednesday, February 14, 2024

In making the announcement, Rockliff said he wanted the stability of majority government.

Key Points: 
  • In making the announcement, Rockliff said he wanted the stability of majority government.
  • “I’m not going to allow myself or my government to be held to ransom for the next 12 months.

What’s been going on?

  • There have been seven reshuffles since the 2021 election, sparked in some cases by high profile ministerial resignations.
  • In mid-May 2023, two government back benchers quit the party to sit on the cross bench, citing a range of grievances.
  • Indeed, Jeremy Rockliff cited
    the need restore majority government and avoid “governing with one hand tied behind my back” as a justification for going to the polls a year early.

The key issues

  • The government will talk up the strong (but slowing) economy and run a scare campaign against
    minority government.
  • This approach has served the Liberals well in the past, but their current minority status may undermine the pitch.
  • Finally, the rise and dominance of hyper-local issues is making it hard for parties to develop and deliver a cohesive long-term strategy for the state.

Federal eyes on the campaign

  • Firstly, the March poll will be an early test of electoral support for a more conservative Liberal party in Tasmania and beyond.
  • While Rockliff is a moderate, the conservative faction of the Tasmanian Liberals is in the ascendancy with former long-serving federal senator Eric Abetz seeking to make a comeback in the state seat of Franklin.
  • Abetz will likely be elected, but it remains to be seen whether this occurs despite a broader swing against the Liberals.

What does the crystal ball say?

  • Will the Liberals be willing to form a minority government, and would Jeremy Rockliff be prepared to lead it?
  • Labor is desperate to govern, but will be reluctant to enter into an agreement with the Greens due to past experience.
  • Tasmanian politics has always had a unique and interesting dynamic, and the March election is unlikely to disappoint.


Richard Eccleston is an appointed a member of two public advisory boards providing advice to the Tasmanian government. Robert Hortle does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

‘A blood sport feigning as government’: what the ABC’s Nemesis taught us about a decade of Coalition rule

Retrieved on: 
Wednesday, February 14, 2024

For God’s sake let us sit upon the ground And tell sad stories of the death of kings.

Key Points: 
  • For God’s sake let us sit upon the ground And tell sad stories of the death of kings.
  • The latest instalment, Nemesis, dealing with the Abbott-Turnbull-Morrison years, is the fourth of these series since the pioneering Labor in Power screened in 1993 chronicling the Hawke-Keating era.
  • The Howard Years (2008) and The Killing Season (2015) followed examining respectively the Howard and Rudd-Gillard governments.
  • By contrast, The Killing Season and Nemesis focus predominantly on the leadership wars that blighted Australian politics between 2007 and 2022.
  • The most striking takeaway from Nemesis is that the Coalition’s decade in office from 2013 to 2022 was a time of abject irresponsibility.

The Abbott years

  • It was a catalogue of swingeing cuts and broken promises (Abbott had pledged no cuts to health or education during the 2013 election campaign).
  • The Abbott government never really recovered.
  • Chastened by that result, Abbott then caused incredulity among colleagues by proclaiming that “good government begins today”.
  • According to Turnbull, Abbott did not welcome the approach, telling him “to fuck off”.

The Turnbull years

  • The public were relieved to see the back of Abbott and welcomed enthusiastically the ostensibly progressive Turnbull.
  • Attorney-general in the government, George Brandis, refers to the Faustian bargain Turnbull had made to win the prime ministership.
  • Dutton, the right-wing hard man who Turnbull scathingly describes as “a thug”, challenged for the leadership, losing relatively narrowly.
  • A revelation about events during that febrile week is that Turnbull considered heading off his opponents by calling an election.
  • The episode ends with Turnbull offering another pungent character assessment, this time of his successor: “duplicitous”.

The Morrison years

  • It errs towards generosity to Morrison, not fully capturing why his leadership became a byword for inauthenticity, a prime minister whose obsession with the theatre of politics consistently trumped substance.
  • The episode recalls many of the notorious statements made by Morrison, which by suggesting he was evading responsibility, was a bully or lacked empathy corroded his public image, especially among women voters.
  • Asked about the comments, Morrison admits to poor choices of words.
  • Nemesis shows that the COVID pandemic was both a blessing and curse for the Morrison government.
  • Morrison then expended dwindling political capital by fruitlessly pursuing religious rights protections, causing ructions with Liberal moderates.
  • We are left with the suspicion that once again Morrison is bending the truth.

A decade of banality and pettiness

  • Participants in the documentary draw on classical allusions in making sense of the chaos.
  • We are told, for instance, that the leadership feud between Abbott and Turnbull was Shakespearean.
  • Yet what Nemesis exposes is the banality of these events and the pettiness of the actors.
  • The post-Menzies Liberal triumvirate of Harold Holt, John Gorton and William McMahon were respectively overwhelmed by the office, reckless and pygmy like.


Paul Strangio received funding from the Australian Research Council in the past.

What would a vehicle efficiency standard for new cars cost – or save – Australian drivers?

Retrieved on: 
Tuesday, February 13, 2024

Opposition leader Peter Dutton says Labor’s proposed fuel efficiency standard for new cars would push up the price of a Mazda CX30 “by about $19,000”.

Key Points: 
  • Opposition leader Peter Dutton says Labor’s proposed fuel efficiency standard for new cars would push up the price of a Mazda CX30 “by about $19,000”.
  • So what should we really expect if Australia finally introduces fuel efficiency standards here – decades after the US and Europe?

Car efficiency standards are common overseas

  • Labor is proposing a so-called new vehicle efficiency standard of the kind proposed by the Coalition in 2016, championed by the Coalition in 2022, and common in the rest of the world.
  • Every car manufacturer has to meet an average efficiency standard for the new vehicles it sells each year, whether expressed in miles per gallon (the US) or carbon dioxide emitted per kilometre (Europe).

In the US, fuel efficiency has doubled

  • In that time, the average efficiency of its new cars has doubled, and it is about to tighten standards further.
  • After decades of being the odd one out, Australian passenger cars on average use 20% more fuel than passenger cars in the US.

Standards change the mix of what’s sold


Efficiency standards don’t prevent carmakers from selling inefficient vehicles. What they do is ensure they make those vehicles more efficient, or balance their sales with sales of more efficient ones. At the moment, it means the vehicles sold in the US and elsewhere get advanced emissions technologies not generally offered in Australia.

  • In the words of Volkswagen Group Australia chief Michael Bartsch, it makes Australia a “dumping ground” for older and less efficient vehicles.
  • Labor has put forward three options for targets: a slow start, a fast start, and its preferred option: “fast but flexible”.
  • Its preferred option would require carmakers selling in Australia to catch up with the standards of countries including the United States by 2028.

‘No systemic, statistically significant increase’

  • Maybe Labor’s plan will push up car prices more than the Coalition’s 2016 plan, because it is more ambitious, as Dutton suggests.
  • In the US, a statistical analysis of prices from 2003 to 2021 found “no systemic, statistically significant increase in inflation-adjusted vehicle prices” during two decades in which standards were tightened and fuel economy improved 30%.
  • Without vehicles pulling their weight, along with heavy industry and electricity, we won’t get there.


Peter Martin is Economics Editor of The Conversation.

Labour scaling back its £28 billion green pledge will impact UK housing – and public health

Retrieved on: 
Tuesday, February 13, 2024

The UK Labour party has announced its intention to reduce its £28 billion green investment pledge to less than £15 billion if elected this year.

Key Points: 
  • The UK Labour party has announced its intention to reduce its £28 billion green investment pledge to less than £15 billion if elected this year.
  • A crucial question so far overlooked is what impact the cut would have on public health.

Existing government failure

  • Labour promises to deliver 1.5 million homes by “blitzing” the planning system, but it has so far ignored the potential consequences for public health.
  • Of course, the failure to factor in health is by no means unique to Labour policy.
  • A recent academic review of government housing and transport policy found that health is notably absent, despite well-established evidence that urban spaces are making us ill.
  • For many years, government housing policy has been shaped by the numeric gap between supply and demand, rather than the type or quality of the housing stock.

Promising developments

  • In addition to positive developments in government, such as the Build Back Beautiful Commission, the opposition also has some promising ambitions.
  • The fact that the party is making explicit this link between housing and health signal is a potentially very positive step forward.
  • However, in all the furore about Labour scrapping its £28 billion pledge, this crucial link to public health has been entirely forgotten.
  • This is perhaps indicative of the extent to which policymakers just don’t think about health when they think about housing.
  • This research comes from the TRUUD project, a research programme based at the University of Bristol, that aims to reduce non-communicable disease (such as cancers, diabetes, obesity, mental ill-health and respiratory illness) and health inequalities linked to the quality of urban planning and development for use in discussions with government and the developer industry.
  • The TRUUD research project (https://truud.ac.uk/) is funded by the the UK Prevention Research Partnership (https://ukprp.org/).
  • Geoff Bates receives funding as part of the TRUUD research project (https://truud.ac.uk/), which is funded by the the UK Prevention Research Partnership (https://ukprp.org/).

HTC GLOBAL SERVICES AWARDED SILVER MEDAL BY ECOVADIS, RANKED IN TOP 90TH PERCENTILE OF ASSESSED COMPANIES WORLDWIDE

Retrieved on: 
Tuesday, February 13, 2024

Silver medals are awarded by EcoVadis to the top quartile of companies participating in its program worldwide.

Key Points: 
  • Silver medals are awarded by EcoVadis to the top quartile of companies participating in its program worldwide.
  • Their methodology is based on international sustainability standards, such as the Global Reporting Initiative, the United Nations Global Compact, and ISO 26000.
  • Madhava Reddy, President and CEO of HTC Global Services, commented, "I am proud of the acknowledgment our organization has received.
  • Being ranked in the 90th percentile, places us in the top 10% of companies assessed by EcoVadis worldwide.