Millions of Australian workers have faced the worst losses in their superannuation since 1992. Super funds have shown losses of on average 6.4% for the last financial year, with some showing losses as high as 15%, putting workers retirement funds in jeopardy.
Analysis
The export of coal is an important issue for climate campaigners to consider. Australia exports more carbon dioxide in the form of coal than its entire domestic emissions of the gas.
The Australian Workers Union has many members in the aluminium refining and smelting industry, which accounted for 45.3 million tonnes of greenhouse gas emissions in 2006 (7.9% of Australias total). Obviously, such a major greenhouse polluter the dirtiest for every dollar of value added has to be radically restructured if carbon emissions are to be cut to sustainable levels.
Less than a fortnight after the release of the Rudd governments Carbon Pollution Reduction Scheme green paper, the potential losers are howling at the spectre of lost profits while the potential winners - global investment banks, hedge funds and commodities traders - are rubbing their hands at the thought of making millions from the permits to pollute that the scheme will create.
Why do we put so much faith in the market to solve environmental problems? Why do we assume that increasing the cost of fossil fuel emissions will reduce their use rather than just increase everyone’s cost of living?
Labor won the November, 2007 federal election on the promise to “tear-up” Work Choices, abolish the hated Australian Workplace Agreements (AWAs — individual contracts) and overhaul the entire industrial relations system. Of course, all of this was promised to contain ample consultation and be in the spirit of balance.
Dramatic events within the worldwide Anglican Communion have revealed a “cold split” with the potential for a complete collapse of the Episcopal formation.
“The ABCC [Australian Building and Construction Commission] should be abolished … and its powers should be subsumed by the Workplace Authority and its successor, Fair Work Australia”, Professor Ron McCallum AO from the law faculty at the University of Sydney told Green Left Weekly on July 22.
Wollongong residents are campaigning to defend their community and environment from profit-driven developers and bureaucratic cover-ups.
Soon after Australian government adviser Professor Ross Garnaut presented his draft climate change review on July 4, world leaders gathered in a Japanese mountain resort for an expanded version of the annual G8 summit meeting.
In November 2006, the G20 — the finance ministers from the 20 biggest economies — plus representatives from the World Bank, met in Melbourne. They were met with protests.
Venezuela has won Miss Universe again. Meanwhile, my friend in Bolivia wrote on her blog that day, “I don’t know if anyone as big as me deserves to be alive”.
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