Sunday, 27 September 2009

Happy 11th Birthday Google!


Google's 11 th birthday logo on 27 September 2009

Google Inc was created way back in 1998 off the back of the founders' earlier foray into search engines, BackRub, and the fledgling company set up in a Santa Monica garage in September of that year.

You may be getting older, suffer from the occasional hiccup and have a few aches and pains around the Gmail area, but you are still the world's favourite first stop for information searches.

So happy birthday, Google and may you have many more.

Casino and Grafton winners in house price growth according to ANZ September 2009 rural & regional quarterly report


Snapshot from ANZ Rural and Regional Quarterly 23 September 2009

According to the ANZ Rural and Regional Quarterly 23 September 2009 non-residential and residential building approvals are weak across the NSW North Coast and are falling back towards 2001 levels. Existing dwelling slae prices have also fallen in Coffs Harbour and Byron Bay.

However, the median house price in Casino and Grafton has risen by 5-6% in the last twelve months. In part due to the fact there appears to be more housing stock on the market under $350,000 potentially attracting buyers eligible for the First Home Buyers Grant.

State of Play 2009: Indigenous Land Corporation


The Australian Institute of Aboriginal and Torres Strait Islander Studies has published a 2009 discussion paper on Policy Change and the Indigenous Land Corporation.

According to National Native Title Tribunal Library Services:

Policy change and the Indigenous Land Corporation / Patrick Sullivan

The Indigenous Land Corporation (ILC) was established in 1995 by the Keating Government as one element of its three-part response to the Mabo judgment. The first part was the Native Title Act (1993), which validated past grants of land to settlers and set up a process for claiming and registering surviving rights of native title. The second part was the creation of an Indigenous Land Fund, established by successive appropriations over ten years, after which it was to be self-sustaining.The ILC was set up at the same time to receive part of the allocation each year to buy alienated land for Indigenous groups. The third part of the Keating response, a Social Justice Package, was never implemented.

This discussion paper investigates changes in ILC policy from its inaugural period, when land was bought and divested to Indigenous groups rapidly, to the present day, when the ILC controls application procedures more tightly, divests under strict conditions, and augments its income from its own operations and investments. The paper suggests the ILC has shifted its focus from the direct benefit of land ownership towards joint programs with other government agencies for training, education and employment. The paper suggests this policy change has occurred without widespread consultation and communication, which has resulted in the dissatisfaction of Indigenous groups. The paper also discusses ILC finances, finding that it has faced considerable challenges since 2004 when it began funding itself entirely from the earnings of the Land Fund and its own investments.

Full research paper PDF here.

Anyone else just a mite suspicious of the G20's motives?


The G20 has been around since 1999. It's a group of finance ministers and central bank governors. Many of the same ministers and bankers who sat complacently by while the global financial crisis grew into a tsunami which threatens to widen the gap between the developed and developing world, between rich and poor, between those countries with enough resources to buffer against climate change and those that will simply sink into the ocean or blow away on the wind.
One or two of its members countries have also been on record in the past as wanting to sideline the United Nations as an international forum and decision making body.
I think that the dynamic duo, Kev and Wayne from Nambour, need to be careful here because in this group of twenty they will still be mice in bed with at least two elephants - the USA and the European Union.
Even though Australia is now considered a developed country by those heavies participating in setting G20 policy, the
International Monetary Fund and the World Bank; it's still privately rated as something of a wannabee.
When I look at how things went down at Pittsburgh this month I can't help feeling that what I'm really seeing is the international banking and business world shoring up the status quo and trying to kick the UN off the field.


Pic from Financial Axis

Update:
Mungo MacCallum writing over at Crikey believes that the G20 Pittburgh Summit is a true change in the world economic order:
"It is almost impossible to overstate the significance of the events last week in Pittsburgh.
The acceptance by all the major players of the role of the G20 as a rule maker for the conduct of the financial systems of member nations quite literally ushers in a new world economic order.
And this is not some kind of Orwellian nightmare in which a conspiracy of plutocrats (or Jews, or Masons, or Martians) use their might to enslave the wretched of the earth, but a genuine democratisation that directly includes two thirds of the world’s population and indirectly gives a voice to the rest.
The London meeting of the G20 in April proved that the new organisation could actually work; that the diverse array of interests could co-operate in reforms to a system in desperate need of them. Now the process has been formalised and we have a long-overdue representative body with the power and the will to lead the world out of the global economic crisis and towards a better and fairer model of interdependence for the future.
Unsurprisingly, the Australian media have made much of the fact that Australia, as an active member of the club, now has a seat at the top table and this is indeed a cause for rejoicing. But far more important is the part Australia played in its construction, which is a matter for genuine and bipartisan pride."