Harry Clarke

commentary on economics, politics & other things

Sunday, March 29, 2009

New site

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I have a new site at WordPress : http://www.harryrclarke.com/ Readers please adjust your browser settings. It is goodbye Blogger for ...
4 comments:
Saturday, March 28, 2009

What the Welsh do at night

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This is power shepherding .  Literally brilliant. Thanks Bernd

Joel Fitzgibbon

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Defence Minister Joel Fitzgibbon's friendship links with a Chinese national seem to have gone well beyond the point of occasional, frien...
6 comments:

Accident-prone Liberals

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This pessimistic - though I think accurate - piece from conservative columnist/journalist Doug Conway appeared in today's Manly Daily : ...
5 comments:
Thursday, March 26, 2009

H.E. Seyed Mohammad Khatami

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I heard this remarkable man - ex president of Iran 1997-2005 - speak at La Trobe University this evening.  Mr Khatami is a Muslim cleric who...
2 comments:

World trade collapse

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The value of world trade will fall 9% in 2009 compared to growth of a miserable 2% (not 4.5% as forecast) in 2008 the WTO said on Monday.  ...
2 comments:
Wednesday, March 25, 2009

Visualising the financial crisis

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Jonathon Jarvis provides this exceedingly clear view of the global financial crisis .  One of the best I have seen.
2 comments:
Tuesday, March 24, 2009

Stuff white people like

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This is a fun blog that has been operating for a bit more than a year .  I'll add it to the blogroll. Moleskine notebooks - expensive ...
2 comments:
Monday, March 23, 2009

US vs. China on climate change

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Given that the US has been so slow to come to the party to even think of seriously addressing climate change it seems almost hypocritical o...
2 comments:

In praise of economics

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Both of my university-age kids are studying economics.  When intelligent young people ask for advice on what to study at university I often ...
6 comments:
Sunday, March 22, 2009

More nostalgia - Fairport Convention

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Fairport Convention is one of my all-time favourite bands. They still perform although their early album with Sandy Denny Liege and Lief r...
4 comments:
Saturday, March 21, 2009

Labor to be returned in Queensland

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7.59pm : Despite some good swings to the new LNP I believe Labor will be returned with a much-reduced majority.  In the old Parliament Labor...
5 comments:

Long pictures

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I enjoyed this oldie from BoingBoing .

Einfeld goes to jail

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Former head of Human Rights Commission and perennial liar Marcus Einfeld has gone to jail for at least two years.  The left loved him as a...
13 comments:
Thursday, March 19, 2009

Nostalgia - Norman Gunston & Frank Zappa

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I had forgotten how good both of them were . Here goes Zappa on the Illinois Enema Bandit . And a totally disgusting version (with Captain B...
1 comment:

Tiger Woods to come to Oz

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Tiger Woods will play in the Australian Open this year in Victoria.  He will be paid $4.5 million for his 3 day effort half of which will be...
13 comments:
Wednesday, March 18, 2009

Martin Feldstein & AIG (& Mankiw)

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The famous Harvard-based economist Professor Martin Feldstein is on the board of the American insurer AIG that received $200 billion in han...
11 comments:

1992 St Hubert's Cabernet

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Last year I reviewed one of the best wines I drank that year, a 1991 St Hubert's Cabernet .  I thought I had exhausted my stock of these...

Executive remuneration

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Here are the Terms of Reference for the Productivity Commission inquiry into executive remuneration in Australia.  It is a sensible inquir...

Papal bull

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The Pope has reiterated his opposition to the use of condoms in AIDs ravaged Africa . The inhumanity of the Pope's position is self-evid...
9 comments:
Tuesday, March 17, 2009

Jokes

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A former boss of mine ( now deceased )* collected jokes. He wrote them down and filed them and, on having enjoyed a few drinks, could recite...
Monday, March 16, 2009

Chinese debt worries

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China is 'worried about' its $1trillion holding of US Treasury Bills .  The Chinese Prime Minister, Mr Wen, complains that the US ha...
8 comments:
Saturday, March 14, 2009

Bushfire damage

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I drove along the Hume Highway going to and from Albury over the past two days following a teaching assignment there. The fire damage along...
2 comments:

Commercial-in-confidence

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For the right to operate the Australian Grand Prix in two weeks time the Victorian Government will pay Bernie Ecclestone $47 million .  In ...
7 comments:
Thursday, March 12, 2009

Newspaper futures

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A lot of printer's ink has been spilt on the issue of the future of newspapers.  I buy three each day (The AFR , The Australian and (on...
1 comment:

Rejected submission on lemons

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In my youthful past when I sent an article to an academic journal and it was rejected my reaction was often one of fury.  This was often amp...
9 comments:

Capitalism beyond the crisis

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An elegant and incisive attempt to put the current financial crisis in perspective is provided by Amartya Sen .  How should 'capitalism...
1 comment:
Wednesday, March 11, 2009

Asymmetric libidos & the right to say no

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I am interested in - though rather late in responding to - Bettina Arndt's view that a few year's after having children 'most...
2 comments:
Tuesday, March 10, 2009

Rudd Government - a bad joke

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The Rudd Government was elected in November 2007 with a me-tooist approach to policy. Policies were replications of those of John Howard. T...
12 comments:

Labor's job destruction package

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Julia Gillard's moves to reregulate Australian labour markets should be rejected by the Senate. The proposed moves helps trade unions ...
2 comments:
Monday, March 09, 2009

Climate change policy pessimism & policy

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Its only a small sample but 78% of Australians still have climate change concerns despite the economic crisis - only 35% want action deferre...
1 comment:
Saturday, March 07, 2009

Earthquake in Melbourne

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I'd got back from Canberra last night about 8-30pm.  It had been a long day and I was wearily sitting in my office at home in the north...
1 comment:
Friday, March 06, 2009

Gloom in the markets

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The extraordinary massacre on US equity markets continued Thursday with a 4% decline to levels not seen for 11 years. The Aussi market (abo...
11 comments:
Wednesday, March 04, 2009

Cricket & terrorism

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The attacks on the Sri Lankan cricket team in Lahore cannot be condemned too forcefully .  Very plausibly it is Islamic terrorists who have ...
9 comments:
Tuesday, March 03, 2009

Mitigation contagion

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An issue I have addressed in some of my recent research is whether having an additional country commit to mitigating their carbon emissions ...
Monday, March 02, 2009

Gillard's use of our tax dollars to promote the ALP

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I've praised Julia Gillard's abilities in the past but, at core, she is just a politician. In fact a politician who seeks to use our...
7 comments:
Sunday, March 01, 2009

Creeping socialism in America?

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I don't agree with the gist of the message here - the US need a more inclusive healthcare system, probably need more public spending on ...
10 comments:
Saturday, February 28, 2009

World economic growth

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(Correctly measured, quarter-to-quarter) Chinese economic growth in final quarter 2008 was zero or negative .  The US economy shrunk at an a...
1 comment:
Friday, February 27, 2009

Carcinogen sales remain strong

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Despite the global financial crisis sales of carcinogens remain strong with BAT profits growing 20% in  the year to December 31 .  BAT is ...
Thursday, February 26, 2009

Limits of redistribution

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Barack Obama has an enormously expansionary fiscal program to get demand moving but promises to halve the budget deficit by the end of his (...
6 comments:
Wednesday, February 25, 2009

Barack Obama's speech to Congress

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I heard the economist Professor Ed Leamer's rapturous appreciation of the Obama speech (& here , here , here , here ) (on the 7-30 ...
1 comment:
Tuesday, February 24, 2009

Sri Lanka & the defeat of the LTT?

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My colleague Prof Sisira Jayasuriya made some sensible and balanced remarks on the current disasterous situation facing the Tamils in Sri La...
3 comments:

Scrapping private health insurance rebates a poor proposal

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The Age reports this morning that the Government has been urged to scrap the 30% private health insurance rebate and to, instead, spend the...
13 comments:
Monday, February 23, 2009

Instrument instability & the global economic crisis

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Robert Holbrook in 1972 drew attention to the issue of policy instrument instability .  Essentially an economic policy can become infeasible...
11 comments:

Wong not wrong on case for an ETS

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Generally I found Penny Wong's support for an Emissions Trading Scheme (ETS) based on 'cap and trade' to achieve a specific leve...
5 comments:
Saturday, February 21, 2009

Auckland & its traffic

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I am visiting Auckland New Zealand for the 27th Economic Theory Workshop at Massey University . The weather is humid and warm and the coas...
4 comments:
Wednesday, February 18, 2009

Costello is right on Rio

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Despite some silly protestations over at Catallaxy I think Peter Costello is quite right to oppose the deal by Chinalco to purchase key Rio...
11 comments:

Thoughts of depression fade to long white clouds

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I haven't been posting as trying to prepare for my teaching year - research and golf had high priorities this summer and the procrastina...
1 comment:
Monday, February 16, 2009

Bushfire insurance

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I was intrigued to learn from a current affairs show that those insured in the bush-fire crisis paid about 40% of their property insurance p...
8 comments:
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