This report concludes that business pricing has added significantly to inflation in recent times.
âProfit pushâ or âsellers inflationâ has occurred against a background of high corporate concentration and is
reflected in the surge of corporate profits and the rise in the profit share of Gross Domestic Product. There
is much support for the view that prices have added much to inflation. This is to be found in research from
OECD, IMF, BIS, European Commission, European Central Bank, US Federal Reserve Bank, Bank of England
and many think tanks globally and locally and many detailed research studies. Claims that the rise in profit
share in Australia as explained by mining do not hold up. The profits share excluding mining has risen and
energy and other prices associated with mining have been a very significant contributor to Australian inflation.
Linkage
Things Katy is reading.
Why are peaceful protesters treated like terrorists, while actual terrorists (especially on the far right, and especially in the US) often remain unmolested by the law? Why, in the UK, can you now potentially receive a longer sentence for âpublic nuisanceâ â non-violent civil disobedience â than for rape or manslaughter? Why are ordinary criminals being released early to make space in overcrowded prisons, only for the space to be refilled with political prisoners: people trying peacefully to defend the habitable planet?
Thereâs a simple explanation. It was clearly expressed by a former analyst at the US Department of Homeland Security. âYou donât have a bunch of companies coming forward saying: âI wish youâd do something about these rightwing extremists.ââ The disproportionate policing of environmental protest, the new offences and extreme sentences, the campaigns of extrajudicial persecution by governments around the world are not, as politicians constantly assure us, designed to protect society. Theyâre a response to corporate lobbying.
The American Psychological Association and 61 other health care providersâ organizations signed a letter in 2021 denouncing the validity of rapid-onset gender dysphoria (ROGD) as a clinical diagnosis. And a steadily growing body of scientific evidence demonstrates that it does not reflect transgender adolescentsâ experiences and that âsocial contagionâ is not causing more young people to seek gender-affirming care. Still, the concept continues to be used to justify anti-trans legislation across the U.S.
âTo even say itâs a hypothesis at this point, based on the paucity of research on this, I think is a real stretch,â says Eli Coleman, former president of the World Professional Association for Transgender Health. Coleman helped create the organizationâs most recent standards of care for trans people, which endorse and explain the evidence for forms of gender-affirming care.
The economic and cultural case is strong enough, but the significance of grassroots music venues doesnât end there.
These creative spaces also offer a vital escape from an occasionally harsh and misunderstanding reality faced by too many in our society.
The Music For The Many campaign has sought to champion these spaces as an absolute essential to building solidarity networks and battling underrepresentation of marginalised groups. Walk into any grassroots music venue in any town or city and, amongst promotions for upcoming shows and memorabilia from past concerts, you will see posters for LGBTQ+ advocacy, opportunities for BAME creators and vital mental health support for people of all ages.
These creative spaces allow for so much more than simply expression.
Following a pattern of jury acquittals of environmental defenders and anti-genocide activists, which exposes the media fiction that the British governmentâs âcrackdown on protestâ is in any way democratic, the Court of Appeal has today backed the Attorney Generalâs call to remove what was for many their last remaining line of legal defence.
It has ruled that mass loss of life from climate breakdown and the governmentâs failure to act on the science are irrelevant to the circumstances of an action, for the purposes of the defence of consent to damage to property (Criminal Damage Act 1971, s.5(2)(a)). That is â protesters deeply-held and factual beliefs are no defence.
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In the absence of any defence, some judges, such as Judge Silas Reid at Inner London Crown Court, have taken to banning activists from explaining their motivations to the jury and banning them from using words such as âclimate changeâ and âfuel povertyâ in their courtroom. Judge Reid has sent 3 people to prison just for using those words in court.
Such measures prompted an extraordinary intervention by the UN Special Rapporteur, Michel Forst, earlier this year:
"I was ⊠alarmed to learn that, in some recent cases, presiding judges have forbidden environmental defenders from explaining to the jury their motivation for participating in a given protest or from mentioning climate change at all.
"It is very difficult to understand what could justify denying the jury the opportunity to hear the reason for the defendantâs action, and how a jury could reach a properly informed decision without hearing it, in particular at the time of environmental defendersâ peaceful but ever more urgent calls for the government to take pressing action for the climate."
In the one hundred fifty days after October 7, Israel killed thirty-one thousand Palestinians, injured seventy-two thousand, displaced 1.7 million, and razed or damaged more than half of Gazaâs buildings. Joe Biden sent over one hundred weapons shipments to Israel during the same stretch. In a recent classified briefing, US officials told members of Congress that the Biden administration approved and delivered more than one hundred separate weapons sales to Israel in the one hundred fifty days after October 7, âamounting to thousands of precision-guided munitions, small diameter bombs, bunker busters, small arms and other lethal aid,â the Washington Post reported on Wednesday. That works out to one new arms deal every thirty-six hours, on average.
These transfers are classified as sales, but very few of them meet that definition in the conventional sense. The vast majority are funded through State Department grants. Biden made just two of these publicly funded sales to Israel public, and the only reason he did is because he had to. Section 36 of the Arms Export Control Act (AECA) requires the president to notify Congress when a proposed arms sale exceeds a certain value. The notification threshold depends on the type of matĂ©riel (for âsignificant military equipmentâ itâs $14 million; for other military articles and services, $50 million; for military construction services, $200 million), but also the recipient. For NATO countries and South Korea, Australia, New Zealand, Japan, and Israel, the notification thresholds for these three categories are considerably higher ($25 million, $100 million, and $300 million, respectively).
While Biden is loud and proud about arming Ukraine, he prefers to arm Israel in secret. The quantity of sales since October 7 is case in point. By spreading his military support for Israel across more than one hundred sales, Biden kept pretty much all of them âunder thresholdâ per the AECA, thereby avoiding congressional and public scrutiny.
Predictably, not everyone has been happy about it. Critics have included local planners, politicians and, especially, residents of Kitsilano Point, a rarified beachfront neighbourhood bordering the reserve. And thereâs been an extra edge to their critiques thatâs gone beyond standard-issue NIMBYism about too-tall buildings and preserving neighbourhood character. Thereâs also been a persistent sense of disbelief that Indigenous people could be responsible for this futuristic version of urban living. In 2022, Gordon Price, a prominent Vancouver urban planner and a former city councillor, told Gitxsan reporter Angela Sterritt, âWhen youâre building 30, 40-storey high rises out of concrete, thereâs a big gap between that and an Indigenous way of building.â
The subtext is as unmissable as a skyscraper: Indigenous culture and urban lifeâlet alone urban developmentâdonât mix. That response isnât confined to SenÌĂĄáž”w, either. On Vancouverâs west side, the Musqueam, Squamish and Tsleil-Waututh Nationsâthrough a joint partnership called MST Development Corp.âare planning a 12-tower development called the Heather Lands. In 2022, city councillor Colleen Hardwick said of that project, âHow do you reconcile Indigenous ways of being with 18-storey high-rises?â (Hardwick, it goes without saying, is not Indigenous.) MST is also planning an even bigger development, called IyÌĂĄlmexw in the Squamish language and ÊÉyÌalmÉxÊ· in Halkomelem. Better known as Jericho Lands, it will include 13,000 new homes on a 90-acre site. At a city council meeting this January, a stream of non-Indigenous residents turned up to oppose it. One woman speculated that the late Tsleil-Waututh Chief Dan George would be outraged at the âmonstrous development on sacred land.â
To Indigenous people themselves, though, these developments mark a decisive moment in the evolution of our sovereignty in this country. The fact is, Canadians arenât used to seeing Indigenous people occupy places that are socially, economically or geographically valuable, like SenÌĂĄáž”w. After decades of marginalization, our absence seems natural, our presence somehow unnatural. Something like SenÌĂĄáž”w is remarkable not just in terms of its scale and economic value (expected to generate billions in revenue for the Squamish Nation). Itâs remarkable because itâs a restoration of our authority and presence in the heart of a Canadian city.
The Beatlesâ first LP, âPlease Please Me,â had been released the previous March, and the single âShe Loves Youâ had come out in August. That summer, the four of them had moved from Liverpool to a hotel in Londonâs upscale Bloomsbury neighborhood. Screaming girls were fainting at their performances. âI Want to Hold Your Handâ would be released in November, and by December, the Beatles would have released four singles and two albums, all while appearing regularly on the BBC and playing almost 200 concerts in 1963 alone. For the first time in their young lives, the four working-class boys whoâd grown up in a bombed-out city had money, and demands on their time were piling up. Needing a break from touring and recording, in September Paul McCartney and Ringo Starr visited Greece. John Lennon and his wife went to Paris. George chose to visit his sister, in Benton, Illinois (pop. 7,000).
His two weeks there, starting on September 16, might have been the last carefree moments of an increasingly hectic, difficult and arguably tragic life. In America, no one knew who George was or cared. He was just Louise Caldwellâs skinny little brother, a 20-year-old with a weird haircut, who said he played the guitar and sang a little, and was gaga for American cars, especially ones with tail fins.
I was at the recording of this, and quite awestruck by Stephanie's skill as a communicator.
When governments say they can't afford to fix climate change or lift kids out of poverty are they speaking the truth? American economist Stephanie Kelton challenges economic orthodoxy in her book The Deficit Myth: Modern Monetary Theory and the Birth of the People's Economy. She joins Natasha Mitchell in conversation.