Fighting Fund

The Australian Financial Review Rich List for 2017 features 60 billionaires — the most ever in its 34-year history. The total wealth of all "rich listers" has reached $233.1 billion, up from $197.3 billion last year.

Highest ranked among the 200 richest people in the country is paper and packaging tycoon Anthony Pratt, with a fortune of $12.6 billion. It looks like all that plastic packaging floating in the world's oceans has reaped at least one plutocrat some positive returns.

A recent essay by Australian philosopher Clive Hamilton The great climate silence: we are on the edge of the abyss but we ignore it was both moving and frustrating.

Moving because he’s right when he says: “…a calamity is unfolding, that the life systems of the Earth are being damaged in ways that threaten our survival.”

Runaway global warming threatens mass species extinction and the collapse of agriculture. It may bring with it the most traumatic and violent phase of human history. It’s truly scary stuff.

In April the Federal Court ordered the oil and gas multinational Chevron to pay $340 million in tax. For the past few years this company has gotten away with paying no company tax at all by claiming that it did not make a profit.

The truth is it made billions, but the company inflated its expenses by having its Australian operation take a loan from a US subsidiary with an interest rate 25 times higher than the market norm.

Recently, I received an email invitation from the University of NSW Young Alumni to attend “networking drinks” with the co-founders of Airtasker.

US President Donald Trump sent his vice-president Mike Pence on a beat-the-drums-of-war Asia-Pacific tour and even before Pence got to Australia, Prime Minister Malcolm Turnbull started talking Trumplish.

He regurgitated Trump's jingoistic riffs with near word-for-word precision: “Australia and Australians first”, “Australian values”.

"The NSW land titles registry's $190 million-a-year revenue stream could soon start flowing towards the Cayman Islands," the Sydney Morning Herald reported on April 3.

A Fairfax Media investigation found that “behind the newly created companies that may house Land and Property Information are an array of foreign players, a mysterious trustee, and business links to tax havens such as Bermuda, the Cayman Islands and the Isle of Man.”

Chairperson of the Australian Prudential Regulatory Authority (APRA) Wayne Byres recently said that he would not use the “B-word” to describe the housing market, preferring instead to use “heightened risk” rather than housing bubble.

Here we go again. The second version of the Omnibus bill that the Turnbull government is trying to drive through parliament — the Social Services Legislation Amendment (Omnibus Savings and Child Care Reform) Bill 2017 — promises yet more savage attacks on welfare recipients and the working poor, and we haven't even seen the 2017–18 budget yet.

Can the political debate about Australia's “energy crisis” get any more weird?

"Former NSW Premier Mike Baird has enthusiastically accepted a job at the National Australia Bank as chief customer officer, in order to spend less time with his family," The Chaser revealed on February 28.

"Baird has reported an exhausting five weeks spending quality time with his children. According to Lucy Baird, his eldest daughter, Baird's return has polled badly among the family, following his controversial policy of putting his children to bed two hours earlier than they were previously used to.

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