How Senator Bilyk’s Dad found paradise in Australia @Catbilyk

An old Uni mate’s dad was rounded up by the Nazis in the Polish Ukraine in 1941 and carted off as a slave in factories in Germany. He survived the war. He ended up in a refugee camp. He met and married a Dutch lass.

He did not want to go back to the Ukraine because that part of the Ukraine was now Russian under Stalin. That part of the Ukraine was Polish before the war.

Australia was the first country to accept them as refugees. He raised a family in Tasmania, working in a factory to support them.

I knew one of his two sons who became economists both at the University of Tasmania and in Canberra. One of his daughter’s was elected to the Australian Senate in the 2007 general election.

After such a rough start in life, my old mate’s dad must regard Australia as paradise for him, his wife and their family.

@NZGreens @GreenpeaceNZ #NEWZEALAND best prepared for #climatechange almost

Teenage alcohol consumption across countries

The Antiscience Left and GMOs

Longest time without a recession

The trouble with boys

The Bootleggers and Baptists alliance between big tobacco and anti-smoking lobbyists on e-cigarettes

Do the @NZGreens care about the fuel poverty consequences of carbon taxes?

The Molotov-Ribbentrop Pact was signed #OnThisDay 1939

The next Australian election will be much more competitive than I thought

The Left used to be socially liberal

 

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How big is Uber

via Summer of Uber: Everything you need to know about the upstart ride-sharing service.

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Marginal tax rates of 2-income couples with 2 children in USA, UK, Australia and New Zealand since 2000

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Source: OECD StatExtract.

Canberra should go off the grid

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Why some billionaires are bad for growth, and others aren’t

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…Bagchi and Svejnar carefully went through the lists of all the Forbes billionaires, and divided them into those who had acquired their wealth due to political connections, and those who had not. This is kind of a slippery slope — almost all billionaires have probably benefited from government connections at one time or another.

But the researchers used a very conservative standard for classifying people as politically connected, only assigning billionaires to this group when it was clear that their wealth was a product of government connections. Just benefiting from a government that was pro-business, like those in Singapore and Hong Kong, wasn’t enough.

Rather, the researchers were looking for a situation like Indonesia under Suharto, where political connections were usually needed to secure import licenses, or Russia in the mid-1990s, when some state employees made fortunes overnight as the state privatized assets.

…The negative effects of wealth inequality are largely being driven by politically connected wealth inequality. That seems to be the primary channel that drives this relationship…

a 3.72 percent increase in the level of wealth inequality would cost a country about half a percent of real GDP per capita growth. That’s a big impact, given that average GDP growth is in the neighbourhood of two percent per year

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