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4 found

Worldwide sales of private jets have more than doubled since 2003, to $19.4 billion in 2007. The number of jets sold increased 28% between 2006 and 2007 alone, and sales are up sharply in the first quarter of 2008. Corporate jet ownership has increased by about 70% since the early 1990s. Demand for private jets is so high that a used jet bought in 2006 can now be sold at a handsome profit. But where luxury items like a fancy bottle of wine or a Picasso painting are simply a private extravagance, private jet use imposes real costs on everyone who isn't a high flyer - and on the planet...

Private and corporate jets give the super-rich not just ease and comfort, convenience and luxury - including an escape from the bothers of security lines and flight delays - but a way to distinguish themselves from everyone else. Private jet marketing explicitly emphasizes the elite status and conspicuousness of this consumption. And, because the ultra-rich are always eager to distinguish themselves from the very rich, private jets are becoming more luxurious and expensive...

To the extent that private jets are symbols of an economic system gone awry, remedying the problem will require big picture policy changes - steep wealth and income taxes and other measures to redress inequality, and comprehensive policies to address global warming. But soaring private jet use also demands its own response. Tax breaks for buying and flying private jets should be ended... And a hefty luxury tax should be imposed on private jet sales and flying. We shouldn't be supporting the High Flyers in their luxury indulgence. If such heavy-polluting opulence is to be permitted at all, the super-rich should pay a stiff price for the privilege. [More]

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Is Big Oil ripping off consumers? Are Wall Street speculators manipulating oil markets? What should be done? Whether or not Big Oil is improperly restricting refinery capacity, whether or not Wall Street traders are driving up the traded price of oil to heights completely disconnected from supply-and-demand fundamentals, a few things are clear about gas prices - and so is the most appropriate, immediate policy response.

The oil companies' staggering profits are a windfall of the purest sort (Websters' definition: "an unexpected, unearned, or sudden gain or advantage"). This is not a moral judgment about the oil companies, it is just a description of what's happening. A windfall profits tax could generate substantial government revenues. Allocated to investment in renewable energy, it could significantly increase funds directed to renewables, and be a small but important down payment on the massive investment needed in mass transit, energy efficiency and renewable energy...

Re-regulating energy markets, imposing margin requirements and lessening investors' ability to trade with borrowed money, and cracking down on market manipulation will all slow the Wall Street frenzy and limit price spikes. For the long term, however, oil demand will continue to shoot up and supply cannot keep up. Ultimately, new sources of oil may become available, including from deep water sites and tar sands and shale, but these will be more expensive to obtain. The world is likely witnessing a long-term, steady (if bumpy) and permanent rise in oil prices. This price increase will impose major economic hardships, unless there is a massive effort to shift to oil-displacing technologies and renewable energy. [More]

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The Iraq war has so far cost U.S. taxpayers $526 billion in direct costs and about $1.3 trillion to the economy. With fears of a recession looming, the war's economic impact is causing concern amongst U.S. voters.  . . read more
The Vatican is under scrutiny by the EU for being granted tax breaks by the Italian government from income on property, which stems from an agreement that dates back to 1929. But complaints have been received that the deal amounts to illegal state aid. . . read more
   
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In the last few days I have been researching a political organisation known as the nationalist alternative. From their ideologies it is not hard to jump from ultra conservative white-only party to radical neo-nazi party. I realised that many opposed to such racist groups are looking into a violent mirror. The nationalist alternative was attacked aggressively at an anti internet censorship rally in South Australia, a video on slackbastard depicted multicultural groups stomping the white only protestors heads, the lyrics to a song by Skarharrper called "nazi scum" has the lyrics "we gotta beat em in the street, there's a time to fight and that time has come, we're comin for ya nazi scum". How does one defend minorities by violently attacking one?
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4 mar

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Why has homepage started running so many nameless 100 word eds? Names are good for intellectual continuity, honesty and non-hypocrisy. - Terry McGee

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Re: Bale de Rua

We thought the Bale de Rua was aweful. Choreography was terrible - set design, music and costumes were lacklustre. The dancers however were very athletic and graceful. - Jules

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Re: In Praise of Mediocrity

I just wonder who decides if what ever you chose to do in life, is mediocre or not. Sounds like with standards like yours, this article with its poor structure and soap box appeal may also be considered by many as, in-fact, mediocre. - Khedra

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Re: The Assassins of Langley

Yes, Mr. Neville. Odious, heinous assassins sold body and soul to Luciferian entities who pull the strings (the last of them, I want to believe) from the shadows. Philip Aggeee and John Stockwell portrayed them quite well. They are NOT heroes, nor are the gangbangers of East Los Angeles who spray grafitti in Iraq, where they most certainly train for urban warfare on our streets. Good riddance to them all!

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Re: Hairy Legs: A Study of Female Art, Feminism and Femininity

 Looking forward to more of her articles. Hope she does plenty of Art Theory at SCA. Barbara Kruger and Judy Chicago are certainly powerful artists and it would be interesting to see what they are doing now.

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A hero's welcome for the famous Iraqi shoe thrower

Terrorist! Please do your research first before writing such dangerous things, we was insulting Bush by throwing the shoe as he was disgraced with him, not trying to topple the largest super power in the world by throwing a shoe. I cant believe you have put those words up. Ashamed

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Re: How to Report the News

Having worked as a TV news reporter I found Charlie's piece very amusing - some of us have long believed reporting like this is a rubbish way to do things! But even if a journalist wants to tell stories in a more authentic and engaging way, the constraints of the so-called "house style" in many news organisations make it difficult to achieve. What's needed is a massive culture shift and a complete re-think of what we understand quality broadcast news reporting is. And guess what? That's exactly what's happening, though you'd never believe it from what we're still mostly seeing on TV. Anyway, the new digital technologies, and shake up of "old school/old mainstream" journalism means new platforms and styles of "news" storytelling can now emerge. Let's hope fresh and appropriate ways of funding appear too, so we can kill off this dreadful formulaic reporting and delivery, and clear the way for more natural and interesting ways to treat stories and content.

Much love, Ian Aspin.
www.twitter.com/ianaspin

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Re: Pushing 60 With Pot

You're pushing 60, well I'm pushing 70 and still having to scrounge around for my pot. It's tragic that when I first came to Australia it was $30 an ounce, and now I have to pay nearly $350 - Peter

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Re: Textbook publishers dream of the tablet

Why can't this just be a program for PC and Windows? Why do they have to make us buy more hardware that's just going to disappoint? - Tyler J. Wilson

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Re: Killing Indian Students: Australia's Favourite New Sport!- by Sean Maguire

How about the indian guy who slashed his wife's throat, is still australia to blame for?..may be , for accenpting them to move over!I am an immigrant myself but I love this country, there is no perfect place on Earth but australia is one of the best! - Michael

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This entire fiasco is an incredible over reaction. Australia is an easy target. Why? because we are honest, transperant and we talk about our failings. Is there aggression and iolence in Australia? Sure, like any country. But we face it head on and we work to eliminate it. What about the stories of the 100’s of thousands of Indian workers who are treated as slaves in the middle east and nobody says anything? What about the fact that India still has entrenched pedophilia in terms of child brides? What about the crushing poverty embraced by more than 60% of the Indian people while this nation runs around building nuclear warheads? A storm in a teacup, an over reaction, and a diversion from some the really bad issues facing India. What is really happening here is that students are being unnecessarily frightened. meaning they will miss out on what could be the opportunity of their lifetime. - Daryl
 
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I couldn't agree with Sean Maguire's article more on the recent Indian attacks. For all those who like the pretend the attacks are merely based on coincidence, try to imagine how we would react if the boot were on the other foot and an uncharacteristic number of Australia's had been murdered in India. Would you push for a travel ban? Would you be scared for your children in a seemingly hostile environment so many miles away?  - Kara Jensen-Mackinnon

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