August 13, 2007

The Auguries

Rudd finally gets around to addressing housing supply-side, but botches the whole deal by throwing in a myriad of convoluted complexities, each of which, over the term of such a policy, would no doubt be subject to fiddling and diddling in relation to eligibility.

Encouraging the private sector to provide more low cost housing is good. Government control over who will be permitted to live in said housing is bad. If Rudd wants to control who becomes a tenant in the proposed new houses he should build government housing, otherwise the proposal loses its legitimacy.

(Think too of the job creation of public servants to administer this monster.)

With their IR and housing policies already on the table, we can expect to see additional and equally complicated and administratively burdensome policy proposals from the ALP.

Fed-Ex is going for full custody of the Fed-tots. Hands up anyone who would have picked dad as being the superior parent 18 months ago? One wonders what will become of Brit-Brit, a young woman who had everything, but gives all appearance of having a magnetic attraction to the gutter.

Insurance is the world’s largest industry, with annual revenues from premiums of more than $US3.5 trillion and another trillion in investment income.

Showing how adaptation to climate change can be a painless and business-boosting gig, the insurance industry is looking set to lead the pack with cheaper insurance premiums for hybrid cars. We can expect to see other carbon-reducing incentives that directly affect behaviors – personal and corporate – to be initiated by the insurance industry. See, it’s not so difficult or painful, is it? It's not even especially clever.

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