A generation to recover…from this?

October 18, 2012

From John Roskam

It will take ‘a generation to recover‘ from Gillard government budget cuts to the public service according to its union.

The IPA’s Julie Novak shows what a reduction from 261,637 last year to 258,563 this year looks like. You can see all the details here – thank goodness the ABC does not lose a single job!

It will take those balaclava-wearing, molotov cocktail-throwing Europeans a generation to stop laughing after the EU got the Nobel Peace Prize. For reaction there’s an embarrassment of riches to choose from: Boris Johnson and Dan Hannan in The Telegraph, and Andrew Roberts in Bloomberg.

This is how the New Yorker reported the reaction from the UK Independence Party – don’t read it if you’re Belgian or a bank clerk.

Children around the world would have cheered had France got the Nobel Prize for this bright idea – reported in the Wall Street Journal on Monday. But the bright ideas don’t stop at France. In America surveillance cameras now watch other surveillance cameras.

The WSJ has this good and understandable explanation of the work of Alvin Roth and Lloyd Shapley who won the Nobel Prize for economics this week. For an explanation you can’t understand without a PhD in mathematics read this in Marginal Revolution.

If you’re in the mood for more economic theory there’s this from The Washington Post last month on how currencies operate in online games.

Bert Kelly was one of the most influential Australian politicians of the twentieth century. He was an MP for 20 years and a minister for 2 years. On Thursday, 25 October the IPA is hosting the launch of his biography The Modest Member – The Life and Times of Bert Kelly from Connor Court Publishing. Book here to attend. To find out more about Bert Kelly and his achievements go to the Bert Kelly Research Centre.

Here’s what else the IPA said this week: