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Modern Monetary Theory and its challenge to Neoliberalism

After more than four decades of dominance, free-market capitalism is facing a challenge. Its rival, the rather blandly named Modern Monetary Theory, promises to return economic planning to a less ideological footing. It’s also keen to strike a blow against the “surplus fetish” that many economists now blame for declining public services and growing inequality.



  • Business
  • Economics and Finance
  • Government and Politics

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Fee-free overdue policy prompts library renaissance among young Tasmanians

Book-loving Tasmanians are bucking the trend and turning to libraries in their thousands, less than a year after the state became the first in Australia to abolish fines and processing fees for overdue books.




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Ipswich council allegedly used ratepayers' money to buy up memorabilia including boxing gloves

A south-east Queensland council with more than 700 memorabilia items the bulk of which is believed to have been bought with ratepayers' money is asking the community what should be done with the haul.





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Chinese national guilty of money laundering over 'large-scale prostitution ring' is spared jail

Hon Leung Chu, who laundered the proceeds of a nationwide prostitution ring from his apartment is spared jail, but could still face deportation.




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Counterfeit $100 notes circulating in Riverland trigger police warning about fake money

Businesses in SA's Riverland are urged to be on the lookout for fake $100 notes after one was passed at a bakery and two other incidents were reported to police.




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Muck-up day pranks result in graduation ceremony bans for Adelaide Year 12 students

More than a dozen Year 12 students from a prestigious Adelaide high school are banned from attending their graduation after tables were burnt and doors were glued shut.







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Paul Dale testifies at the Lawyer X royal commission on Monday

Disgraced former drug detective Paul Dale tells the Royal Commission into Management of Police Informants he has waited years to expose what he says is "corruption" within the highest ranks of Victoria Police over the use of Nicola Gobbo as a police informer.




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Squalid homes demolished, residents relocated from Aboriginal reserves, in shadow of big-money mines

People are living in squalor right next to the richest mines in the country, and no-one's prepared to take responsibility for maintenance.




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'Lonely, but a blessing': Muslims in Australia welcome the fasting month without social gatherings

In Australia, Muslims from different backgrounds are preparing for a fasting month of loneliness without social gatherings.




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Commonwealth ordered to pay more than $200,000 in costs over Biloela asylum seeker case

The Federal Government is ordered to pay $206,000 in legal fees for a two-year-old Tamil girl who has been embroiled in a high-profile legal battle to stay in Australia with her family.




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Unemployment spike sparks entrepreneurial spirit among regional youth

Youth unemployment has soared as a result of the coronavirus, prompting some young people to start their own businesses to try and claw their way back into the workforce.





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'The system has failed you': Immigrant receives apology after spending two months in jail

A magistrate has apologised to a man who spent months behind bars waiting to be dealt with by the courts for minor theft charges.




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Fred's mum's spending thousands to educate him during COVID-19. But the money will soon run out

With lines between school and home blurred, parents of students with disabilities are struggling with little or no extra support. Some have started dipping into their limited NDIS funds to get help.






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Drought forces Jamestown sheep market to cancel for the third month in a row for the first time ever

As the drought drives Australia's sheep flock to historic lows, a South Australian sheep sale has been called off three times due to a lack of animals.




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An ABC interview with Nancy and Jim Beaumont just before a Dutch clairvoyant was due to visit Adelaide




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Kirinari Hostel in high demand among Indigenous students eager for education and sport

While there is a push to close the gap on education, a NSW hostel for Indigenous boys has a waitlist that could take years to get through.




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Alek Schulha wants a monument at the site of the Greta Migrant Camp



  • 1233 ABC Newcastle
  • newcastle
  • Community and Society:History:World War 2
  • Community and Society:Immigration:All
  • Community and Society:Multiculturalism:All
  • Australia:NSW:Greta 2334

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Greta Migrant Camp kids return, lamenting lack of monument 70 years since first wave of arrivals

Children of post-war European migrants call for permanent monument at Greta Migrant Camp in the NSW Hunter Valley.




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Plastic Free July: What we learnt over the month (and what we couldn't live without)

When Chontelle Grecian took up the Plastic Free July challenge, she was looking for a simpler way of living. What she discovered was a way to save the household budget and have fun with the whole family.




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Teenage cyclist dies after being hit by school bus at Raymond Terrace

A high school in the Hunter region is offering counselling for students and staff who saw a student fatally struck by a bus while riding his bike to school.



  • 1233 ABC Newcastle
  • newcastle
  • Community and Society:Death:All
  • Disasters and Accidents:Accidents:Other
  • Disasters and Accidents:Emergency Incidents:All
  • Australia:NSW:Newcastle 2300
  • Australia:NSW:Raymond Terrace 2324

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Bushfire burning in Belmont, south of Newcastle, downgraded to watch and act

Firefighters are protecting properties in Belmont, south of Newcastle, as a bushfire fanned by strong winds continues to burn near homes.



  • 1233 ABC Newcastle
  • newcastle
  • Disasters and Accidents:Emergency Incidents:All
  • Disasters and Accidents:Fires:All
  • Disasters and Accidents:Fires:Bushfire
  • Australia:NSW:Belmont 2280

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Inquiry into alleged Catholic abuse cover-ups identifies credibility issues among senior church officials

Findings from a probe into alleged cover-ups of child abuse within the Catholic Church in NSW have identified credibility issues among members of its upper echelons.




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How a group of passionate locals are helping refugees find their 'home among the gum trees'

A coastal paradise town becomes a safe haven for refugees, despite being outside of a government-supported resettlement zone.




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Golden bowerbirds' building prowess helps scientists monitor climate change, and alarm bells are ringing

Researchers monitoring the impact of climate change say golden bowerbirds and other highland rainforest species are being pushed to higher altitudes by temperature rises and fear they'll eventually have nowhere left to go.




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Emergency services monitoring uncontained fires across NSW mid-north coast

Emergency services are keeping a close watch on large blazes at Middle Creek Road, Kangaroo Creek north of Coffs Harbour, and at Verges Creek north of Crescent Head in northern NSW, after residents were warned to seek shelter.




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Suicide strikes remote Kimberley community for second time in two months

The suicides of two young Indigenous women in two months have sparked calls for immediate action.





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Pink diamond tender dazzles at Rio Tinto's Argyle mine, one year out from 2020 closure

Diamonds so rare they never reach the open market are unveiled by Rio Tinto in a historic preview at the Argyle mine in Western Australia's far north.




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From widow to diamond dealer, a tale of perseverance in remote Australia

Survivor is a word thrown around fairly lightly, but in the case of German migrant Frauke Bolten-Boshammer, you can't help but feel she's earned the title 10 times over.





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Urgent review into Symmie and Sharyn's fight against WA Government ordered by Minister Simone McGurk

WA's Child Protection Minister orders an urgent review into her department's management of five-year-old Symerien Brooking, who has one of the rarest medical conditions on the planet.





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What could Newmont Mining's $14b merger with Goldcorp mean for Australian gold mines?

Two of the world's biggest gold mining companies have merged in a $14 billion deal. What does it mean for the Kalgoorlie Super Pit and other Aussie gold mines?




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Kal Queers' monthly event Queer Beers marks new era of greater visibility for LGBT people in Kalgoorlie-Boulder

Regional queer communities say being invisible makes people feel isolated and less likely to get support.





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Deep diving with 'monsters, amazing alien animals' what's it like 100m below the ocean's surface?

Scuba divers can reach depths of 40 metres, but there's a small group of hardcore divers who venture more than twice as deep. You just need a sense of adventure and the right gear.




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Farmers fear runoff from proposed Tassal salmon hatchery

A water scientist is backing Hamilton farmers' concerns about threats to a local lake from a proposed fish hatchery, including the threat of algal blooms.




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Giant salmon ships bound for Tasmania, as local sailors told to 'be on the look out'

With the imminent arrival of a new salmon processing ship in Tasmania, and another even larger ship next month, some in the local sailing community fear there is "an accident waiting to happen" on the already very busy waterways.




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Donna had 'no indication at all' she had breast cancer one month later she had a mastectomy

In just one month, Donna went from thinking she was "too young" to have breast cancer to having a mastectomy. Now she's decided to have her other breast removed.




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AFP seizes $17.3m worth of property in Victoria, Tasmania in Chinese money laundering probe

A mansion in Melbourne's east, newly constructed units and more than 3,000 acres of Tasmanian farmland are among the assets seized by Australian Federal Police as part of a two-year investigation into alleged money laundering by Chinese nationals.




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Monash IVF patients receive bogus emails after 'malicious cyber attack' on fertility company

A national fertility business attached to clinics in six Australian states and territories says its email system has been subjected to a "malicious cyber attack", with patients reporting receiving bogus messages that appear to be from the company.




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Common fruit flies are beginning to build a resistance to common insecticides

Researchers from the University of Melbourne find fruit flies in temperate areas of Australia are building a resistance to common insecticides.




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Eyre Peninsula's Murphy's Haystacks are among the oldest rocks in Australia but they're slowly eroding away

An 'island-rock' formation in South Australian is believed to have formed billions of years ago and while it is eroding, experts say it is not likely to disappear anytime soon.