Further happy economic signs. Any fears that yesterday’s national income figures reflected but an historical record of good economic times now passed can surely be dismissed. Today’s employment report from the Australian Bureau of Statistics indicates an economy still growing well.
The employment trend is up and but for an apparent increase in the number of people encouraged to re-enter the workforce the headline unemployment number would have dropped. As it is the ABS’s trend unemployment rate figure is still heading down.
The statistician’s broadest measure of what is happening the labour force shows the underutilisation rate steady at 12.6%.
What fiscal austerity means in practice. The only hospital on the southern Aegean Greek island of Leros stopped providing food to patients yesterday as suppliers halted all deliveries due to unpaid bills.
A welcome comeback. Crime writer Ian Rankin has announced the return from retirement of Inspector John Rebus.
An alternative view. As child care costs become the issue of the day in Australia, the International Herald Tribune this morning highlights the latest German approach:
A lecture on how to write. Author Ray Bradbury, who died this week aged 91, regales his audience with stories about his life and love of writing in “Telling the Truth“, the keynote address of The Sixth Annual Writer’s Symposium by the Sea, sponsored by Point Loma Nazarene University in April 2001.
A quote of the day
“Everyone must leave something behind when he dies, my grandfather said. A child or a book or a painting or a house or a wall built or a pair of shoes made. Or a garden planted. Something your hand touched some way so your soul has somewhere to go when you die, and when people look at that tree or that flower you planted, you’re there.
It doesn’t matter what you do, he said, so long as you change something from the way it was before you touched it into something that’s like you after you take your hands away. The difference between the man who just cuts lawns and a real gardener is in the touching, he said. The lawn-cutter might just as well not have been there at all; the gardener will be there a lifetime.”
— Ray Bradbury, Fahrenheit 451
Some news and views noted along the way.
- The west is in a contained depression while policy makers are making huge errors.
- Passion for raising taxes on the poor.
- Nearly 15 of work email is gossip.
- An Estonian Rhapsody by Paul Krugman produces an Estonian presidential twittering response.
- A taste for Scotch.
- California’s foie gras deathwatch begins.
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