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People’s Commission into the Housing Crisis unveils human cost

 — Organisation: Everybody's Home — 

As Australia’s first People’s Commission into the Housing Crisis gets underway today, submissions reveal the majority of respondents are in housing stress and forgoing the basics to cope. 

The People’s Commission, convened by Everybody’s Home, received more than 1,500 survey submissions which show:

  • Three in five (58%) respondents are in housing stress 
  • Three in four (76%) of those who rent are in housing stress 
  • The top ways respondents are coping with housing costs are by reducing energy use like heating or cooling their homes (52%), avoiding the doctor and essential appointments (45%), and reducing vehicle use (39%)
  • One in three are skipping meals (32%), or relying on credit cards or buy now pay later (31%).  
  • Uncertainty about the future (67%) and increased housing costs (61%) are the top reasons for concern about the housing crisis.

Dozens of organisations have also lodged submissions to the People’s Commission.

Budget fails to shift the dial on housing crisis

 — Organisation: Everybody's Home — 

Statement from Everybody’s Home spokesperson Maiy Azize on the federal Budget:

“The federal government has delivered a Budget that will keep pushing up housing costs for Australians who are already battling a brutal housing market.

“There is no new funding for social housing. What the government has announced is a business as usual spend that is nowhere near enough to shift the dial on the housing crisis.

“The government’s ‘new’ funding for social housing is a repackaging of existing initiatives, offering loans instead of providing real funding, and the continuation of a funding agreement with the states and territories – something the Commonwealth routinely renews for other essential services like education and health.

“An increase to Commonwealth Rent Assistance will provide some short-term relief, but it’s not a lasting fix. It isn’t enough to keep up with rising rents, and it doesn’t go to all of the people who need it.

“If the government was serious about tackling this crisis, it would build more social housing to end the massive shortfall. These are the rentals people can actually afford. A target for the private sector will only deliver more of the same – homes that are way too expensive for average people. 

“Any Budget that seriously tackles the housing crisis would also stop using unfair tax handouts to prop up landlords and investors, pushing up the cost of housing for everyone else. The Treasurer ruled out making those changes well ahead of Budget day.

Budget must lift social housing target

 — Organisation: Everybody's Home — 

Everybody’s Home has urged the federal government to increase its social housing target and back it up with funding in next week’s Budget if it’s serious about easing the crisis.

Right now, just three percent of homes that the government wants Australia to build over the next five years are set to be social housing.

As the government confronts warnings it will fail to meet its 1.2 million housing target, Everybody’s Home spokesperson Maiy Azize said building more social housing was essential.

“If the government is serious about making housing affordable, it must step up and build social housing,” Azize said.

“It’s clear that the private market can’t meet the government’s target, and their track record shows us that these homes won’t be affordable for most people. Social housing is guaranteed to be affordable for people – and at scale, it pushes down the cost of housing for everyone.

“The government describes its national housing target as ambitious, but it’s lacking ambition when it comes to bringing down the cost of housing. Only three percent of their target will be social housing.

“There is no use building homes that people can’t afford. The government must end the social housing shortfall – and aim for 10 percent of all homes in Australia to be social housing.

“We need a Budget that matches the scale of this crisis. Housing in Australia has never been so unaffordable and unfair. Without a huge increase in social housing, it will only get worse.”

Report underscores desperate need for more social housing

 — Organisation: Everybody's Home — 

Everybody’s Home is urging the federal government to boost social housing in its upcoming Budget, as a new report paints a dire picture of rental affordability across the country. 

Anglicare’s Rental Affordability Snapshot lays bare a harsh reality: affordable rentals are almost non-existent for those on income support, and scarce for full-time minimum wage earners. 

The report also shows increases to rental supply in parts of the country hasn’t made renting more affordable.  

Everybody’s Home spokesperson Jennifer Kirkaldy said more social housing is key to easing the housing crisis.

“Every year the Rental Affordability Snapshot serves as a sobering reminder: the housing crisis deepens the longer that the government fails to act,” Ms Kirkaldy said.

Offsetting into oblivion with George Monbiot

 — Organisation: The Australia Institute — 

On this episode of Follow the Money, George Monbiot, Guardian columnist and co-author of The Invisible Doctrine: The Secret History of Neoliberalism, joins the Australia Institute’s Polly Hemming to discuss the impact of neoliberalism on our climate, the folly of carbon offsets, and why “bollocks” incrementalism won’t lead to systemic change.

Join President José Ramos-Horta at 6pm AEDT, Tuesday 8 October for an evening of conversation at the Sydney Opera House, presented by the Australia Institute as part of its 30 Years of Big Ideas.

This discussion was recorded live on Thursday 19 September 2024 and things may have changed since recording.

Guest: George Monbiot, author, columnist and environmental campaigner // @GeorgeMonbiot

Host: Polly Hemming, Climate & Energy Director, the Australia Institute // @pollyjhemming

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

Show notes:

The Invisible Doctrine: The Secret History of Neoliberalism by Peter Hutchison and George Monbiot (June 2024)

Longlist for the 2024 Australian International Political Economy Network (AIPEN) Journal Article Prize

 — Publication: Progress in Political Economy — 

The selection committee for the Australian International Political Economy Network (AIPEN) Richard Higgott Journal Article Prize is pleased to announce the articles nominated by AIPEN members for the longlist for the 2023 prize, now celebrating its 10th year.

The prize will be awarded to the best article published in 2023 (online early or in print) in international political economy (IPE) by an Australia-based scholar.

The prize defines IPE in a pluralist sense to include the political economy of security, geography, literature, sociology, anthropology, post-coloniality, gender, finance, trade, regional studies, development, and economic theory, in ways that can span concerns for in/security, poverty, inequality, sustainability, exploitation, deprivation and discrimination.

The overall prize winner will be decided by the selection committee, comprised of AIPEN members. Before that decision can be made, we now require AIPEN members to vote on the longlist to establish the final shortlist of four articles for deliberation.

Voting is being conducted online through Election Buddy and is open to all members of the AIPEN e-list. Voting is open from 9am on Monday 23rd September and closes 5pm on Friday 18th October (AEDT).

Assessment of ASX Clearing and Settlement Facilities – September 2024

 — Organisation: Reserve Bank of Australia (RBA) — 
Media release number 2024-19: The Reserve Bank of Australia today released the 2024 Assessment of the ASX Clearing and Settlement Facilities. This assesses the performance of the ASX CS Facilities against the Bank's Financial Stability Standards.

Lessons from European Election 2024: Toolkits for Organic Social Media

 — Organisation: The Commons Social Change Library — 

Introduction

Learn how the ECDA team used Sosha, a social media engagement tool, in this year’s EU elections, and how your organization or political party can also use organic social media to win.

This article has been adapted from the original with consent which was published on SoSha by Areti Livanos, Email Communications Lead at SoSha.

Using SoSha to build Toolkits

Ahead of the 2024 European Union elections, ECDA set out to support progressive organizations across Europe to engage their communities and mobilize support for critical issues such as women’s rights, environmental protection, workers’ rights, and the rights of refugees.

Shifting algorithms make it difficult for followers to see much of the content produced from their connections, let alone attract new supporters. Additionally, legislation in many countries protects private data, complicating the generation of new email lists.The ECDA team used SoSha to build toolkits, collections of ready-made posts, for anyone on the internet to share on their own accounts with their followers. These toolkits were instrumental in petition and fundraising efforts leading up to the EU elections in early June.

2025 AIPEN Workshop: Call for papers

 — Publication: Progress in Political Economy — 

15th Annual Australian International Political Economy Network (AIPEN) Workshop

Adelaide University / Flinders University, February 6-7 2025

The world economy is increasingly challenged by wicked problems and acute questions produced by overlaps and tensions between security, knowledge, finance and production. These include: what security/investment trade-offs should be made to secure access to critical materials and protect critical infrastructure? How much data surveillance are we willing to give to the market in exchange for better knowledge and security? What is the most politically viable path to a renewable energy strategy? How are changes in global value and wealth chain management transforming the treatment of labour and environmental resources? How are trends toward derisking and the rise of private finance transforming inclusive growth? How will climate breakdown force a revaluation of assets?  AIPEN 2025 is looking for answers to these and similar questions and invites papers on the above themes or any issues related to change in the international political economy. AIPEN is a broad church and welcomes a range of approaches across the social sciences, as well as engagement with those crafting policy.

Organisers: Tim Legrand (Adelaide University) and Leonard Seabrooke (Copenhagen Business School & Adelaide University)

Disinformation vs Misinformation: Definitions & Types

 — Organisation: The Commons Social Change Library — 

Introduction

Disinformation is confusing! In order to respond we need to make sense of what is happening. The Commons Librarians have collated definitions, types of misinformation and disinformation, and common tactics used to spread them. You may like to use these materials to start conversations in your community, run training sessions, or inform planning. 

Definitions: Disinformation, Misinformation and Malinformation 

Wardle and Derakhshan provide the following definitions in their report “Information Disorder” (2017):

  • Dis-information – Information that is false and deliberately created to harm a person, social group, organization or country. 
  • Mis-information – Information that is false, but not created with the intention of causing harm. 
  • Mal-information – Information that is based on reality, used to inflict harm on a person, organization or country (2017: 20).

Shout Out UK produced this short video to explain the differences:

Daily Femail: Catholic Political Advocacy Organization Spreads Ads That Don't Make Sense

 — Publication: Assigned Media — 
 

A Catholic advocacy group spreads anti-trans ads using misleading data.

Revealed: The Federal Reserve’s Secret 1973 Plan to Bailout the Saving & Loan Industry That Very Nearly Happened

 — Author: Nathan Tankus — Publication: Notes on the Crisis — 
Revealed: The Federal Reserve’s Secret 1973 Plan to Bailout the Saving & Loan Industry That Very Nearly Happened

An update on my major project of the moment: launching my 30,000 page database of FOIA minutes. All of the minutes have been uploaded to my website, but generating an accessible and searchable database of these pdf files has taken significantly longer than expected. Expect the database to go live over the next two weeks. In the meantime, I’m covering some of the most explosive secrets these documents have to offer. There is so much juicy material in this treasure trove, so stay tuned!

6 Design Relationships That Create Great Places

 — Organisation: Strong Towns — 

This article was reposted, in slightly different form, from the Practice of Place blog, which focuses on the art and science of creating thriving public and shared places. It is shared here with permission. All images were provided by the author.

Open Letter Calls on Government to Set Timeline for End of New Fossil Fuel Projects

 — Organisation: The Australia Institute — 

A group of Australia’s leading climate and environment organisations have signed an open letter, coordinated by the Australia Institute and published today in the Sydney Morning Herald, The Age, and The Canberra Times, calling on the federal government to tell Australians when it will stop approving new coal, oil and gas projects.

The open letter comes as world leaders convene this week at the 79th session of the UN General Assembly in New York, to accelerate efforts to prevent the most dangerous impacts of climate change.

To ensure Australia is doing its fair share for a safe climate, the open letter signatories are calling on the government to:

  • Tell Australians and the rest of the world when Australia will stop approving new coal, oil, and gas projects.
  • Stop offsets being used to justify new fossil fuel projects.
  • End native forest logging.

“Even though the world’s climate scientists and the UN Secretary-General have all declared that new fossil fuels are incompatible with a safe climate future, the Australian government is stubbornly continuing to approve new coal, oil and gas projects” said Rod Campbell, Research Director at the Australia Institute.

“Just yesterday, the federal government approved three new coal mines out to the 2060s, which will produce over 1.3 billion tonnes of emissions.

“To approve huge new coal mines while world leaders meet to discuss the most dangerous impacts of climate change is absurd, but also consistent with Australia’s disappointing track record on the issue.

End‑of‑Month Liquidity in the Treasury Market

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

Trading activity in benchmark U.S. Treasury securities now concentrates on the last trading day of the month. Moreover, this stepped-up activity is associated with lower transaction costs, as shown by a smaller price impact of trades. We conjecture that increased turn-of-month portfolio rebalancing by passive investment funds that manage relative to fixed-income indices helps explain these patterns.

Coal Mine Approvals Undermine Climate Goals, Government Rhetoric

 — Organisation: The Australia Institute — 

The approval of three new coal mines in the Hunter Valley, during a rapidly escalating climate crisis, is shocking given the federal government’s stated commitment to climate action, the Australia Institute has said.

Key Points:

“These approvals are inconsistent with Australia’s climate goals and reinforces our country’s reputation as one of the world’s major fossil fuel exporters,” said Rod Campbell, Research Director at the Australia Institute.

Statement by the Reserve Bank Board: Monetary Policy Decision

 — Organisation: Reserve Bank of Australia (RBA) — 
At its meeting today, the Board decided to leave the cash rate target unchanged at 4.35 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.25 per cent.

Skill Up: Learn to Identify Disinformation with Games and Courses

 — Organisation: The Commons Social Change Library — 

Introduction

Learn to identify disinformation and misinformation with games and courses collated by the Commons Library. Disinformation is often intentionally confusing! Having creative ways to learn can help you prepare for the real life battle around truth and meaning.

Prevention, not cure, may be a more effective way to combat misinformation. – Source

Games


Harmony Square

The church of Trump with Don Watson

 — Organisation: The Australia Institute — 

Don Watson joins Dr Emma Shortis on this episode of After America to discuss the cult-like support Donald Trump has manufactured, the “mad” AUKUS agreement, and his latest Quarterly Essay, ‘High Noon: Trump, Harris and America on the Brink’.

This discussion was recorded on Friday 20 September 2024 and things may have changed since recording.

Guest: Don Watson, author of ‘High Noon: Trump, Harris and America on the Brink’

Host: Emma Shortis, Senior Research for International & Security Affairs, the Australia Institute // @EmmaShortis

Show notes:

‘High Noon: Trump, Harris and America on the Brink’ by Don Watson, Quarterly Essay (September 2024)

American Journeys by Don Watson (January 2018)

‘Enemy Within: American Politics in the Time of Trump’ by Don Watson, Quarterly Essay (September 2016)

Theme music: Blue Dot Sessions

Undermining Resistance

 — Publication: Progress in Political Economy — 

To mark PPE@10 this feature continues a series of posts to celebrate ten years of Progress in Political Economy (PPE) as a blog that has addressed the worldliness of critical political economy issues since 2014. 

I have always been fascinated by the place of mining in capitalist development. Growing up West Australian in the 2000s, I witnessed first-hand the incredible wealth generated next to the inequality, violence and environmental devastation of the last mining boom. I soon came to understand that studying mining sharpens our focus on a bigger tension at the heart of global capitalism – the ever-present tension between modernisation and destruction mediated by social conflict and resistance.

Supporters and detractors of mining both recognise the rapid economic, social and political change that mining brings can completely transform societies. If this is true in Australia, it is certainly so in Indonesia, where the research for my new book Undermining Resistance: The governance of participation by multinational mining corporations took place.

My research for the book was motivated by a simple question: How can people affected by mining shift the uneven distribution of impacts and benefits?

Has Treasury Market Liquidity Improved in 2024?

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

Standard metrics point to an improvement in Treasury market liquidity in 2024 to levels last seen before the start of the current monetary policy tightening cycle. Volatility has also trended down, consistent with the improved liquidity. While at least one market functioning metric has worsened in recent months, that measure is an indirect gauge of market liquidity and suggests a level of current functioning that is far better than at the peak seen during the global financial crisis (GFC).

AnnouncementCall for papers – When finance becomes tech

 — Organisation: Just Money — 

Call for papers "Finance and Society". Abstracts due October 1, 2024


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Call for papers – When finance becomes tech

AnnouncementCall for Papers – 7th Law & Macroeconomics Conference

 — Organisation: Just Money — 

University of Michigan, January 6-7, 2025. Papers due October 13, 2024


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Call for Papers – 7th Law & Macroeconomics Conference

Featured ArtistAbelardo Morell: $5

 — Organisation: Just Money — 

^^Click to View^^
Permission to display image granted by Mr. Abelardo Morell
in memory of Gerald E. Frug, Louis D. Brandeis Professor of Law, Emeritus, Harvard Law School

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Abelardo Morell: $5

Announcement Online Expert Panel : Financing the ecological transition

 — Organisation: Just Money — 

Panel on June 12 hosted by the UCL Institute for Innovation and Public Purpose


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Online Expert Panel : Financing the ecological transition

Announcement Call for Papers! Finance and society conference 2024

 — Organisation: Just Money — 

University of Sheffield, 12-13 September. Applications due May 1


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Call for Papers! Finance and society conference 2024

Announcement Faculty and Graduate Student Fellowships – Robert L. Heilbroner Center for Capitalism Studies

 — Organisation: Just Money — 

Opportunity for faculty and graduate students whose work engages with capitalism as an analytic concept and/or as an object of social, political, or historical inquiry and critique


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Faculty and Graduate Student Fellowships – Robert L. Heilbroner Center for Capitalism Studies