Economy

As expected, the major banks are preparing to launch a media war against the Turnbull government’s proposed $6.2 billion bank levy, as outlined in Treasurer Scott Morrison’s May 9 federal budget speech.

Australian Bankers’ Association head Anna Bligh was furious. She said a campaign was being considered, claiming the government was playing “fast and loose” with the nation’s financial system.

Bylong Valley, near Mudgee in NSW, is a tranquil and secluded village. It is listed by the National Trust as a Landscape Conservation Area because of its stunning beauty and abundant prime agricultural land. But its tranquillity is under threat.

On May 17, I received an email from Centrelink advising that I would no longer be eligible for the student start-up scholarship.

This means the $1035 payment that helped to pay for my textbooks, university car parking fees and other course materials will now only be available as a loan I will have to pay back on HECs.

Losing this start-up scholarship will hurt many students, with welfare payments hardly keeping up with the ever-increasing cost of living and rent.

The recent federal budget announced a terrible new policy — drug testing 5000 new recipients of Youth Allowance or Newstart. The drugs tested for will be cannabis, methamphetamine and MDMA.

Prime Minister Malcolm Turnbull has defended the policy as "aimed at stabilising the lives of people with alcohol and drug abuse problems by encouraging them to participate in treatment as part of their Job Plan". At the same time, people with diagnosed substance abuse disorders have been excluded from disability benefits.

Artist and activist Benny Zable has been wearing a mask at protests throughout Australia for more than 30 years.

His distinctive skull-like gas mask and painted death-bringer costume, atop large black radioactive drums has become an icon of peace, anti-nuclear and environmental movements throughout the country. He is a performance artist who uses his art form to depict a chilling prophesy of nuclear and environmental catastrophe.

In these almost two years of socialist government, it has been possible with the support of the left-wing parties, to reverse privatisations in public transport, restore four previously eliminated national holidays, reverse salary cuts for public sector workers, reduce the working week in the public sector to 35 hours, eliminate the surcharge on individual income tax and increase the supplementary solidarity payment for the elderly as well as family allowances and other social subsidies.

However, despite this progress, the current and future situations is not without cause for concern.

A year on from the parliamentary coup that ousted former Brazilian President Dilma Rousseff, Brazil has become a neoliberal disaster and approval ratings for the incumbent right-wing government have slumped to record low levels.

The democratically-elected president was ousted in May last year without any proof of wrongdoing. Michel Temer, who then served as vice president, was installed as interim president. On August 31, Rousseff was formally removed from office.

Throughout the battle against the Dakota Access pipeline (DAPL), the  US$3.78 billion pipeline that will carry about 500,000 barrels of oil a day, indigenous campaigners and supporters repeatedly warned it was not a question of if, but when a breach would occur.

Now, before the pipeline is even fully operational, those warnings have come to fruition.

More than 600 local residents and traders rallied at the Preston Market in Melbourne’s north east on May 6 to tell Minister for Planning Richard Wynne to “call in” a development application for multi-storey apartments and a generic shopping centre that risks destroying their much-loved community hub.

The unexpectedly large turnout spilled out onto the road, prompting police to tell organiser Lori-anne Sharp, of the Save Preston Market group, to “pick a bigger site next time you call a protest”.

The Tax Justice Network (TJN) has criticised the failure of the federal government's review of the Petroleum Resource Rent Tax (PRRT) to recommend a new royalties regime to force the major gas corporations to pay their fair share of tax.

The review by former treasury official Mike Callaghan, instigated by federal Treasurer Scott Morrison last November, recognised problems with the existing PRRT system and recommended some changes for new liquified natural gas (LNG) projects.

The National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has criticised ExxonMobil for its failure to respond to an oil spill on February 1 near its West Tuna oil platform, about 45 kilometres off the Victorian coast in Bass Strait.

Residents, unionists and supporters protested outside the NSW Department of Housing office in Redfern on May 10, following the first forcible eviction of a resident of Millers Point public housing.

Peter Muller, a 57-year-old electrician, was out working, when police broke into his home and removed a number of supporters who were defending the house.