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Can’t tax illegal tobacco, won’t tax gas industry – new budget analysis

 — Organisation: The Australia Institute — 

While many Australians are already aware that  multinational gas exporters pay less in PRRT than is raised by beer excise or student loan repayments, last week’s budget also revealed that the government collects significantly more from smokers of legal cigarettes, spirits drinkers and visa applicants.

The PRRT is supposed to ensure Australians get a fair return for the sale of our nation’s natural gas resources.

Next financial year the government expects to collect $6.2 billion from visa applicants, $3.6 billion from smokers, $3.3 billion from spirits drinkers, $2.8 billion from beer drinkers … and just $1.9 billion from the PRRT.

“Once again, the evidence that Australians are being taken for a ride by the gas industry is on full display in the budget papers,” said Dr Richard Denniss, co-CEO of The Australia Institute.

“It’s time the Prime Minister was fair dinkum with Australians.

“Last week Anthony Albanese said that the PRRT revenue was ‘ramping up’, but the budget papers reveal that simply isn’t true. The Prime Minister’s own numbers show that revenue from the PRRT is expected to fall from $1.9 billion next year to $1.3 billion by the end of the decade.

The Global Credit Cycle in Corporate Bond Returns

 — Organisation: Federal Reserve Bank of New York — Publication: Liberty Street Economics — 

Why Canada Should Rebuild Public Telecoms

 — Publication: Perspectives Journal — 

Throughout the 20th century, Canada built a world-leading telecommunications system through a productive balance of private and public carriers. But within a generation, conservative governments at all levels across the country privatized almost all of the public side of that balance. Today, NDP Leader Avi Lewis’ “public option” platform is recontesting the question that Prairie telecom pioneers first fought for 120 years ago. Furthermore, Canada has fallen behind countries around the world in building out fibre telecom infrastructure for faster internet speeds. Many of these countries have maintained public ownership in their markets while Canada’s public telecom shrinks. However, SaskTel, one of the last holdouts of public telecom in Canada, outperforms the national average on fibre deployment. This article makes the case that to continue to invest in the 21st century economy, Canada has to rebuild public ownership of telecoms.

Making AI Data Centers Work for America

 — Organisation: The Claremont Institute — 

Though hype and doomerism tend to suck up a lot of oxygen in the AI discussion, it will probably be more productive for Americans to focus on the concrete goals desired by leaders in the industry. Then we may ask whether and how a majority of citizens might be convinced those goals are worthy of the effort required to attain them. I propose we focus first on the question of “compute”—how much computing power is required to operate cutting-edge AI at scale, and what kind of data centers are required to provide it.

There are some in the AI industry—developers, advocates, and the “hyperscalers” who want to build super-massive data centers—who do what they do out of an obsessively spiritual devotion to what they’re building. But a great deal of the business is run by successful Americans in the industry who mostly just really enjoy doing what they do best, which is building new things using state-of-the-art tools. This may not be obvious to the cross-partisan group of citizens who range from skeptical to hostile toward AI, who tend to think of all tech enthusiasts as wide-eyed, quasi-religious fanatics dreaming of a robot apocalypse or singularity. So for skeptics, an important reality check is realizing that many—probably the majority—of AI’s day-to-day builders have more practical and cosmically modest aims.

Knox County Schools Just Banned One of Our State Books

 — Author: Betsy Phillips — 
The district removed 'Roots' from its shelves after an anonymous complaint. 'Roots' was placed on a list of state books just two years ago.

Call for Submissions: Progress Magazine

 — Organisation: Prosper Australia — 

Issue Theme: Future technology, land economics, and economic rents Progress magazine invites submissions for our upcoming issue exploring the intersection of emerging technologies, economic rent, and contemporary Georgist thought. As artificial intelligence, datacenters, and digital platforms reshape our economy, we seek rigorous analysis of how classical insights on land and monopoly apply to 21st-century challenges. […]

The post Call for Submissions: Progress Magazine first appeared on Prosper Australia.

Submission to the Select Committee on Intergenerational Housing Inequity

 — Organisation: Prosper Australia — 

Executive summary Australia’s housing system is producing a widening intergenerational divide. The divide is not merely between older owners and younger non-owners. It is between those who hold scarce, well-located land and those who must now buy, rent or wait in a market where the price of access has detached from wages. Home ownership among […]

The post Submission to the Select Committee on Intergenerational Housing Inequity first appeared on Prosper Australia.

Shifts in Australian Price-setting Behaviour around Large Shocks

 — Organisation: Reserve Bank of Australia (RBA) — 
The sharp rise in inflation following the COVID-19 pandemic has renewed interest in how firms adjust prices after large economic shocks and the implications for modelling inflation and setting monetary policy. Using a large dataset of web-scraped Australian retail prices, we document an increase in the frequency of price changes in 2022 and 2023, alongside strong goods price inflation. We incorporate these microdata-based estimates of price-setting frequency into the Reserve Bank of Australia's dynamic stochastic general equilibrium model to assess their macroeconomic implications. We find that failing to account for higher rates of price adjustment during the high-inflation period leads to inflation forecasts that are up to 1.2 percentage points too low, even when the underlying shocks are known. The increase in the frequency of price resets also steepens the Phillips curve, reducing the policy trade-off between inflation and output. Given knowledge of this change in price-setting behaviour, a hypothetical central bank with unchanged preferences would tend to raise interest rates more aggressively than in a scenario where price rigidity was stable. Our findings highlight the importance of accounting for shifts in price-setting behaviour when interpreting inflation and setting monetary policy.

Justice Thomas: Courage in Defense of Natural Law Constitutionalism

 — Organisation: The Claremont Institute — 

Justice Clarence Thomas’s recent speech at the University of Texas was vintage Thomas: deeply reflective, historically grounded, and unapologetically devoted to first principles. At a moment when many public officials seek safety in ambiguity, Thomas instead offered moral clarity. He spoke not merely as a jurist, but as a statesman concerned with the long-term health of the American republic. In doing so, he echoed themes long championed by scholars associated with the Claremont Institute: the primacy of natural rights, the centrality of the Declaration of Independence, and the necessity of civic courage in preserving constitutional government.

Thomas’s remarks were particularly striking because they resisted the fashionable reduction of constitutional interpretation to technocratic expertise or evolving social consensus. Instead, he returned repeatedly to the enduring truths that undergird the American experiment. The Constitution, in Thomas’s telling, is not simply a procedural document or a malleable framework for administrative governance. It is the institutional embodiment of a moral and political philosophy rooted in the self-evident truths proclaimed in 1776.

Inflation and the Impact of the Middle East Conflict

 — Organisation: Reserve Bank of Australia (RBA) — 
Speech by Sarah Hunter, Assistant Governor (Economic), at the Bloomberg Forum for Investment Managers.

Trump’s China trip light on substance as his approval rating continues to tank

 — Organisation: The Australia Institute — 

On this episode of After America, Dr Emma Shortis and Angus Blackman discuss the fallout from Donald Trump’s China visit, how Xi Jinping got the commentariat talking about long-dead Greeks, and why Trump’s approval rating is still hitting new depths.

This episode was recorded on Monday 18 May.

The latest Vantage Point essay, Rich Kid Poor Kid: The Battle for Public Education by Jane Caro, is available now for $19.95. Use the code ‘PODVP’ at checkout to get free shipping.

Host: Emma Shortis, Director, International & Security Affairs, the Australia Institute // @emmashortis

Host: Angus Blackman, Executive Producer, the Australia Institute // @angusrb

Show notes:

Shorter America: He started it; Won’t someone think of the billionaires; Creeps and weirdos by Emma Shortis, The Point (May 2026)

RBA and DFCRC Release Findings From Project Acacia

 — Organisation: Reserve Bank of Australia (RBA) — 
The Reserve Bank of Australia (RBA) and the Digital Finance Cooperative Research Centre (DFCRC) today released a report detailing the findings of Project Acacia – a joint initiative examining how innovations in digital money and settlement infrastructure could support the development of wholesale tokenised asset markets in Australia.

Honey, Who Shrunk the U.S. Income Surplus?

 — Organisation: Federal Reserve Bank of New York — Publication: Liberty Street Economics — 

What’s On May 18-24 2026

 — Organisation: Free Palestine Melbourne — 
What’s On around Naarm/Melbourne & regional Victoria: May 18-24, 2026

River to the Sea Fashion Fun Run

 — Organisation: Free Palestine Melbourne — 
Sat. 6 June 2026, 10am, Fashion Fun Run, Naarm/Melbourne.

The Return of Hard Power Politics

 — Organisation: The Claremont Institute — 

The Right won the 2024 election by successfully assembling a coalition capable of competing nationally. Whether it can consolidate that power into a lasting majority is far less certain.

The coalition that returned Trump to the White House is beginning to fracture. While support for the agenda the president ran on remains strong, confidence that it will be secured is fading. And that perception, whether justified or not, is lethal.

Voters in this coalition did not turn out for incremental change, executive orders, temporary regulatory reform, or procedural wins. They voted for a decisive shift in national direction—mass deportations, accountability for corruption, a more affordable daily life, an end to foreign entanglements, and political power given back to the American people.

A coalition built on expectations like these cannot sustain itself absent visible exercises of power. If it does not see power used to benefit the common good, it will break apart, first into frustrated factions, then into disengaged actors, and eventually into opposition.

That is what many on the Right still refuse to accept: the coalition that put Trump in power will not survive if the administration cannot deliver. The external pressures that have exposed these contradictions may break the coalition apart, possibly even before the 2028 election. And if that happens, power will have to be won again by a new coalition built to produce results, not just promise them.

Film Screening: Tantura

 — Organisation: Free Palestine Melbourne — 
Fri. 19 June 2026, 6:15pm, Cinema Nova VIC: Join Free Palestine Melbourne’s screening of Tantura, a documentary film directed by Alon Schwarz that examines the events surrounding the Palestinian coastal village of Tantura in 1948 during the Nakba.

The Rise and Fall of the Second Reconstruction, 1964/65 – 2025/26

 — Author: Thomas Zimmer — 

Ghost GDP — Billionaire Britain and the Hollow Economy

 — Organisation: The Equality Trust — 

The Equality Trust has calculated that in 2026 Britain’s 157 billionaires hold wealth equivalent to 22% of GDP – a staggering increase from just 4% in 1990. Every year the Sunday Times publishes its Rich List, celebrating the obscene wealth of a growing billionaire class. Every year politicians point to GDP growth as proof the […]

The post Ghost GDP — Billionaire Britain and the Hollow Economy appeared first on Equality Trust.

What the Hyper Creedalists Get Wrong About America

 — Organisation: The Claremont Institute — 

Another week, another round of discourse on the idea that America is merely a “creedal” or propositional nation.

One of the thorny consequences of having a creed, of course, is the unavoidable conclusion that one must draw about those who refuse it: they are outside the body that holds the creed. If Justice Neil Gorsuch (following Vivek Ramaswamy and the Cato Institute a few months back) is correct that America is purely a creedal nation, doesn’t it necessarily follow that those in our midst who reject the creed are not Americans? Is Senator Tim Kaine not an American because he dissents from the doctrine of natural rights?

But merely professing a creed does not equate to being a member of a community. In Catholicism, adult converts (and godparents on behalf of baptized infants) recite the Nicene Creed as part of the sacramental liturgy of baptism. However, adult converts to the faith are also instructed in the Christian moral life—which concerns not just what one thinks about revealed truths, but also how one is to act as a member of Christ’s body.

Shaping Canada’s Economic Future with Barry Sawyer, Bea Bruske, and Magali Picard

 — Publication: Perspectives Journal — 

Listen to the full conversation on the Perspectives Journal podcast, available to subscribe on Spotify, Apple Podcasts, YouTube, Amazon Music, and all other major podcast platforms.

At the 2026 Progress Summit: Defending Democracy Across Borders, Canada’s labour leaders discussed what labour is fighting for: a different economic and trade future that puts workers at the centre.

A moment to celebrate | Between the Lines

 — Organisation: The Australia Institute — 

The Wrap with Greg Jericho

It is easy for progressives to find things to complain about. It’s not because we are miserable, but unfortunately, we are too aware of the realities of life for many who never get a voice, aware of the crisis of climate change, and aware of the inequalities in the system that prevent a better society.

So, when a government does a good thing, we should take a moment to celebrate – especially when it means a long and hard-fought fight has been won.

The Australia Institute first attacked the possibility of a capital gains tax discount back in August 1999 – a month before the Howard government made the change.

The topic has never been far from our minds.

Trump’s Iranian Nightmare

 — Author: Chris Hedges — 

Do Job Postings Show Early Labor‑Market Effects of AI?

 — Organisation: Federal Reserve Bank of New York — Publication: Liberty Street Economics — 

The Moral and Political Wisdom of C.S. Lewis

 — Organisation: The Claremont Institute — 

The great Christian apologist and literary critic C.S. Lewis provides a surprising amount of moral and political wisdom despite not being a political thinker in any formal sense of the term. For example, the three lectures that form The Abolition of Man remain a must-read for understanding the crisis of our time, as well as the path to recovering the wisdom that will allow us to overcome it.

Without relying on divine revelation or biblical faith per se, Lewis takes aim at what he elsewhere calls “the poison of subjectivism,” and also makes a compelling defense of the existence of a moral consensus among mankind that transcends cultures, polities, and historical epochs. In the book’s final section, he provides a searing analysis of the profound tendency of the modern project “to conquer nature for the relief of man’s estate,” which leads to the temptation to conquer human nature in the name of illusory “progress”—that is, to abolish human beings once and for all.

Federal Student Loan Defaults Return After Pandemic Pause

 — Organisation: Federal Reserve Bank of New York — Publication: Liberty Street Economics — 

Bâtir l’avenir économique du Canada avec Barry Sawyer, Bea Bruske, et Magali Picard

 — Publication: Perspectives Journal — 

Écoutez la discussion complète sur le balado Perspectives Journal, offert sur Spotify, Apple Podcasts, YouTube, Amazon Music et toutes les principales plateformes de balados.

Alors que les politiques commerciales et économiques de l’ère Trump transforment les décisions concernant l’emploi, l’industrie et les investissements, les travailleurs et travailleuses et leurs communautés au Canada en ressentent déjà les effets. Du secteur manufacturier aux services publics, en passant par l’inflation liés aux guerres, des choix économiques sont faits qui redéfiniront l’avenir du travail des deux côtés de la frontière — souvent sans que les travailleurs et travailleuses aient voix au chapitre.

Budget 2026: Housing changes to slowly reverse decades of damage

 — Organisation: The Australia Institute — 

On this episode of Dollars & Sense, Greg and Elinor discuss the federal budget, the latest wages data, and why the government is making Australian workers wait-o for the WATO.

This discussion was recorded on Thursday 14 May 2026.

Visit The Point for research, analysis, explainers and factchecks from experts at the Australia Institute and beyond.

Host: Greg Jericho, Chief Economist, the Australia Institute // @grogsgamut

Host: Elinor Johnston-Leek, Senior Content Producer, the Australia Institute // @elinorjohnstonleek

Show notes:

Australian workers have been hard done by and tax reforms in the budget only begin to return some fairness by Greg Jericho, Guardian Australia (May 2026)

A plan to fix the National Electricity Market

 — Organisation: The Australia Institute — 

The original design of the NEM assumed that private markets and price signals could not only guide investment in generation, networks and retail, but also accommodate changing environmental requirements.

Experience has shown that this is not the case. The NEM now operates as a hybrid in which reliability and investment are secured through administrative intervention and long-term contracting, while emissions reductions are driven by a set of overlapping federal and state policy instruments.

The analysis makes several recommendations to fix the NEM:

  • Split the Australian Energy Market Operator into two bodies, a rule-bound market operator and a national grid authority with responsibility for reliability, transmission integration, long-term contracting and emissions integration.
  • Consolidate transmission under public ownership within the grid authority.
  • Operate generation under a mixed public–private model.
  • Reforming distribution, while keeping public ownership available as a long-term option.
  • Retaining retail competition, but default pricing should be treated as a public obligation linked to system costs.

“Australia’s transition to a low-emissions electricity system has exposed the structural weaknesses of the National Electricity Market.” said Professor John Quiggin, Professor of Economics at The University of Queensland and author of the report.

“After decades of patchwork reform, the elegant design of the original NEM is almost invisible under all those tweaks.

The History of National Resistance Movements in Palestine (w/ Ramzy Baroud) | The Chris Hedges Report

 — Author: Chris Hedges — 

This interview is also available on podcast platforms and Rumble.

Dr. Ramzy Baroud, a Palestinian historian and author, in his new book, “Before the Flood: A Gaza Family Memoir Across Three Generations of Colonial Invasion, Occupation, and War in Palestine,” traces the long arc of Palestinian resistance to the Zionist settler-colonial state leading to its current form in Hamas. It is resistance, defined by Palestinians themselves, as Dr. Baroud explains, that is the “sole leverage” of the Palestinian people in their struggle for existence, which began before the Nakba of 1948.

Labour’s Disastrous Night

 — Organisation: The Claremont Institute — 

The British political landscape has undergone a seismic shift following the May local elections. A map once dominated by the Labour Party’s familiar red has been dramatically redrawn, signaling widespread rejection of the political establishment across the U.K. This was not just a protest vote—it pointed to a complete collapse of the party in areas that were once considered its safest and most reliable strongholds.

Labour lost control of over 30 councils, watching its majorities disappear in traditional heartlands like Gateshead, Sunderland, and South Tyneside—areas where the party had held power for nearly half a century. Across the capital, Labour’s solid red blanket has been replaced by a multicolored patchwork of parties. The party lost 11 boroughs, including flagship councils like Westminster and Wandsworth, which were seen as key pillars of its 2022 resurgence. In East London, Havering saw a historic shift: once dominated by resident-led groups, Labour was swept out by an insurgent force: Nigel Farage’s Reform UK.

The American Mind Podcast: The Roundtable Episode 317

 — Organisation: The Claremont Institute — 

The American Mind’s ‘Editorial Roundtable’ podcast is a weekly conversation with Ryan Williams, Spencer Klavan, and Mike Sabo devoted to uncovering the ideas and principles that drive American political life. Stream here or download from your favorite podcast host.

Pratt Boy Summer | The Roundtable Ep. 317

Why Tax Base Fragmentation Is a Serious Problem

 — Publication: CityNerd — 

Budget 2026: Serious housing reforms but a missed opportunity to tax gas exports

 — Organisation: The Australia Institute — 

On this episode of Follow the Money, Matt Grudnoff and Ebony Bennett discuss the government’s important changes to negative gearing and the capital gains tax discount, its “brutal” cuts to the National Disability Insurance Scheme (NDIS), and why some “broken promises” may not be such a big deal in the eyes of Australians.

This episode was recorded on Wednesday 13 May.

The latest Vantage Point essay, Rich Kid Poor Kid: The Battle for Public Education by Jane Caro, is available now for $19.95. Use the code ‘PODVP’ at checkout to get free shipping.

Guest: Matt Grudnoff, Senior Economist, the Australia Institute // @mattgrudnoff

Host: Ebony Bennett, Deputy Director, the Australia Institute // @ebonybennett

Show notes:

Budget 2026: What the government’s housing tax changes mean for first home buyers and housing affordability by Matt Grudnoff, The Point (May 2026)

Night of the Living Woke

 — Organisation: The Claremont Institute — 

The New York Times columnists Ross Douthat and Ezra Klein disagree more often than they agree, which made it significant that just before the first anniversary of the 2024 election each arrived at, basically, the same explanation for Donald Trump’s victory. “It is completely obvious that the [Democratic] party lost in 2024 because it overcommitted to a range of unpopular left-wing positions,” Douthat wrote. Whatever else the 2024 election may have been, it “was also an ideological referendum, and progressivism lost.”

Klein’s explanation was even more detailed, making it a tougher read for his followers, who are more sympathetic to the Democratic cause than are Douthat’s. “From 2012 to 2024, Democrats moved sharply left on virtually every issue,” Klein observed, with electoral results that were precisely the opposite of those expected and intended.

Democrats became more uncompromising on immigration and lost support among Hispanic voters. They moved left on guns and student loans and climate, and lost ground with young voters. They moved left on race and lost ground with Black voters. They moved left on education and lost ground with Asian American voters. They moved left on economics and lost ground with working-class voters. The only major group in which Democrats saw improvement across that whole 12-year period was college-educated white voters.

05/12/2026 Market Update

 — Organisation: Applied MMT — 

Market Update Preview

05/12/2026 Market Update

Inflation continues to heat up, the April CPI came in at 3.8% annual, beating expectations. That matters a lot in this framework, because the model has been telling us late-cycle CPI surprises are the marker that the long chain of price hikes needed to defend balance-sheet expansion is finally working through the system. Today's print isn't a one-off. I think it kicks off a trend of hotter-than-expected inflation reads through the summer, with oil, the Iran supply shock, and lingering tariff effects all stacking on top of each other.

Equities sold off on the print, then bounced and held. Rates pushed higher, with the 10-year continuing the climb — and I want to walk through why rates are doing what they're doing even with the Trump administration jawboning the Fed. This is the late-cycle market function I've been watching for, and it's holding so far.

The bigger picture: in nominal terms flows are actually re-accelerating into summer, but in real terms the deficit impulse is deteriorating fast. There's a tension here that resolves one of two ways by end of summer, and the bank credit data is doing something that needs explaining. Full breakdown below, including why I'm still not looking to short and what the actual inflection point would have to look like.

Join Me for a Live Q & A on June 29 on Dostoevsky’s 'The Idiot'

 — Author: Chris Hedges — 

Join me at 7:00 pm on June 29 for a livestream in which we will discuss Fyodor Dostoevsky’s The Idiot. If you can, read before joining!

The novel was inspired by a painting by Hans Holbein the Younger called Christ’s Body in the Tomb. The painting was completed between 1520 or 1522. I have a picture of the painting pasted on the inside cover of my copy of The Idiot, which was translated from the Russian by Richard Pevear and Larissa Volokhonsky. The painting shows the elongated corpse of Christ with wounds peppered along his body signifying the horrific torture he suffered before death. The flesh is in the early stages of putrifaction.

The Pratt Approach

 — Organisation: The Claremont Institute — 

It is rare that mayoral campaigns receive national attention, but Spencer Pratt’s bid for mayor of Los Angeles has. Since his initial campaign announcement in January, Pratt has been gaining momentum and is now polling in second place behind incumbent L.A. Mayor Karen Bass. His campaign has primarily focused on restoring the city to its former glory, particularly in the wake of the damage from the horrific Palisades fires of 2025. Two weeks ago, he uploaded his now-viral campaign ad, featuring the hit song “Not Like Us,” as he showed off the untouched properties of Mayor Bass and city councilmember Nithya Raman. The video then showcases the charred ruins where Pratt’s home previously stood, along with the trailer he now resides in.

Whatever the fate of Pratt’s campaign, he has hit on a messaging strategy that right-wing candidates would do well to emulate going forward if they want to be successful in the digital age. Conservatives have had trouble breaking out of their image as out-of-touch intellectuals. Pratt’s message has more emotional impact. And his language is assertive. In the past, Republican leaders like George W. Bush, Mitt Romney, and Mike Pence had a cultural reputation for being passive. Pratt’s ad makes him look like something out of the John Wick action series.

Post-Enron Statute Could Be Used to Round Up Lawfare Conspirators

 — Organisation: The Claremont Institute — 

The Racketeer Influences and Corrupt Organizations Act, commonly known as “RICO,” was passed by Congress in 1970 as part of that year’s Organized Crime Control Act. It was designed to reach not just the foot soldiers of organized crime organizations, but the crime bosses themselves.

Although it did that directly by allowing charges to be brought against the leaders of “criminal enterprises,” it also did so indirectly by allowing prosecutors to go after low-level criminals and even drivers, doormen, etc. with threats of hefty, 20-year felony sentences and offers of reduced-sentence plea deals in exchange for turning state’s evidence against the mob bosses.

Such tactics work. Faced with the potential of decades in prison, many “loyal” foot soldiers—particularly those who merely observed rather than engaged in crime—find that the price of continued loyalty is simply too steep. So they sing. They implicate mid-level mobsters, who then sing even more loudly to implicate the bosses. The most famous example of this is the Five Families case in New York in the 1980s, prosecuted by then-U.S. Attorney Rudy Giuliani, which led to the conviction and imprisonment of several top Mafia bosses.

Messy Cities with Zahra Ebrahim

 — Publication: Perspectives Journal — 

Canadian cities are complicated by a constant attempt to simultaneously meet future demands while correcting the issues caused by past planning and design decisions. What we are left with are “messy cities;” urban areas that are considered iconic and even praised for their development, cleanliness and diversity, withstanding their systemic and structural issues such as housing affordability, traffic congestion, pollution, and social isolation. Despite the “messiness,” cities constantly adapt to change because of the communities that live in them.

Approximately 31 million Canadians, or roughly 76% of Canada’s population, reside in cities and their surrounding regional suburbs. The historical development of most Canadian cities as we know them today, have been “messy,” growing through long periods of economic, social exclusion, and racism. Amid these oppressive periods, subcultures of resistance emerged through art, the reclamation of spaces by community, and the emergence of cultural events and festivals celebrating those communities.

The Tennessee GOP's Boundless Trump Loyalism

 — Author: Betsy Phillips — 
The state's Republican supermajority did as it was told and gerrymandered Memphis. Then they were shocked and outraged by the protests.

America’s Suicide Pact - Read by Eunice Wong

 — Author: Chris Hedges — 

This article is read by Eunice Wong. You can find her work at www.eunicewong.actor.

Text originally published May 8, 2026.


The Chris Hedges Report is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.

Historic progress on investor tax breaks a turning point but journey isn’t over

 — Organisation: Everybody's Home — 

The federal government’s historic step forward on winding back investor tax breaks marks a turning point for housing fairness and affordability but it must be the start of deeper reform, according to Everybody’s Home.

The national housing campaign said the government’s changes to the capital gains tax discount and negative gearing represent significant progress but don’t go far enough to improve housing outcomes for all Australians.

Everybody’s Home spokesperson Maiy Azize said the campaign assessed the government’s changes on three tests: improving affordability, changing investor behaviour, and reducing inequality.

“After years of campaigning, we’re finally seeing a government that is willing to start tackling investor tax breaks and work towards a fairer and more affordable housing system. This is a victory for every Australian priced out of housing,” Ms Azize said.

“This significant step forward on investor tax breaks signals that the federal government is starting to listen to everyday Australians and resisting the noise from the profiteering property lobby. This progress proves that policy choices like investor tax breaks have fuelled the housing crisis, and that they can be changed to end it.

“While the government’s historic changes to investor tax breaks mark a turning point, they only begin to undo a quarter of a century of damage to the country’s housing system. This must be the start of housing reform, not the end of it.

Will Mounting Supply Chain Strains Hamstring the AI Investment Boom?

 — Organisation: Federal Reserve Bank of New York — Publication: Liberty Street Economics — 

Editor’s Note: The original version of the post included an inaccurate statement about the last chart. The chart itself is correct. The text has been removed.  May 14, 3:22pm.

Class & Climate: The Politics of Electrification with Stephen Thomas

 — Publication: Perspectives Journal — 

Listen to the full conversation on the Perspectives Journal podcast, available to subscribe on Spotify, Apple Podcasts, YouTube, Amazon Music, and all other major podcast platforms.

Stephen Thomas is a climate campaigner, policy analyst, and engineer working on the front lines of Canada’s transition to a 100% zero-emissions electricity grid as the Clean Energy Manager for the David Suzuki Foundation.

What’s On May 11-17 2026

 — Organisation: Free Palestine Melbourne — 
What’s On around Naarm/Melbourne & regional Victoria: May 11-17, 2026

The United States we thought we knew is gone

 — Organisation: The Australia Institute — 

On the 100th episode of After America, Dr Emma Shortis and Angus Blackman discuss new Australia Institute polling on Australians’ views of Trump, the deadlock between the United States and Iran in the Strait of Hormuz, and what it might take for the Australian government to get out of the AUKUS submarine deal.

This episode was recorded on Monday 11 May.

The latest Vantage Point essay, Rich Kid Poor Kid: The Battle for Public Education by Jane Caro, is available now for $19.95. Use the code ‘PODVP’ at checkout to get free shipping.

Host: Emma Shortis, Director, International & Security Affairs, the Australia Institute // @emmashortis

Host: Angus Blackman, Executive Producer, the Australia Institute // @angusrb

Show notes:

It’s not me, it’s you – Australians ready to break up with Trump’s America, the Australia Institute (May 2026)

How States Can Fix the Failed Teacher Education Model

 — Organisation: The Claremont Institute — 

It’s time to dismantle one of the most degraded sectors in American higher education: schools of education. The colleges responsible for training and certifying the majority of our nation’s teachers have become factories for mediocrity and indoctrination—the embodiment of what Allan Bloom termed “the closing of the American mind.” States have both the authority and obligation to replace these monolithic institutions by promoting better teacher-prep pathways that are already proving their worth across the nation.

As recent graduates of Stanford University’s Graduate School of Education, we believe that teachers must be more than competent technicians—they must deliberately form American citizens.