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On February 16th 2024 Wendy and I set-forth on a 20 day trip, revisiting old haunts in SE Asia.
From Hong Kong we made a brief side-trip to Shenzhen in China then embarked on a Cruise, sailing down the east coast, south, to Singapore where we spent a few days, before returning home: [Hong Kong; Ha Long Bay/Hanoi; Hoi An; Ho Chi Min City (Saigon); Bangkok; Ko Samui; Singapore]
Spain is in the news.
Spain has now become the fourth Eurozone country, after Greece, Ireland and Portugal, to get bailout funds in the growing crisis gripping the Euro.
Unemployment is high and services are being cut to reduce debt and bring budgets into balance. Some economists doubt this is possible within the context of a single currency shared with Germany and France. There have been violent but futile street demonstrations.
My brother, Peter, is dead.
One of his body's cells turned rogue and multiplied, bypassing his body's defences. The tumour grew and began to spread to other organs. Radiation stabilised the tumour's growth but by then he was too weak for chemo-therapy, which might have stemmed the spreading cells.
He was 'made comfortable' thanks to a poppy grown in Tasmania, and thus his unique intelligence faded away when his brain ceased to function on Sunday, 22nd May 2022.
I visited him in the hospital before he died. Over the past decade we had seldom spoken. Yet he now told me that he often visited my website. I had suspected this because from time to time he would send e-mail messages, critical of things I had said. That was about the only way we kept in touch since the death of his daughter Kate (Catherine). That poppy again.
Thomas Carlyle coined this epithet in 1839 while criticising Malthus, who warned of what subsequently happened, exploding population.
According to Carlyle his economic theories: "are indeed sufficiently mournful. Dreary, stolid, dismal, without hope for this world or the next" and in 1894 he described economics as: 'quite abject and distressing... dismal science... led by the sacred cause of Black Emancipation.' The label has stuck ever since.
This 'dismal' reputation has not been helped by repeated economic recessions and a Great Depression, together with continuously erroneous forecasts and contradictory solutions fuelled by opposing theories.
This article reviews some of those competing paradigms and their effect on the economic progress of Australia.
