Breaking AI & Tech News Analyzed

The Albanese government is likely to introduce an extra levy on gas producers' high profits in response to the Iran crisis driving up energy costs for Australians. The prime minister's department has requested Treasury modelling of additional levies on gas companies, stating that energy producers 'should not benefit from high international prices at the expense of domestic customers'.Australia's gas industry is reaping extraordinary profits while households and businesses struggle with high fuel prices. This has sparked calls for a fair share levy to ensure gas companies pay their fair share of tax. The levy, based on Norway's taxation model, would see Australia share around 50% of profits, much more in line with world standards.Currently, Australia shares only 27% of fossil fuel profits, with some estimates as low as 18% when profit is defined in cashflow terms. In contrast, other major fossil fuel exporting countries typically share between 75% and 90% of profits.The fair share levy would provide significant and immediate cost-of-living relief if some of the revenue raised was returned to households. Research shows 87% of voters support a fair share levy, with only 3% disagreeing.Despite potential outrage from the gas industry, the levy is designed to not increase gas prices or deter investment, as seen in Norway's successful implementation. A stable, long-term commitment to the fair share levy would provide investment certainty.

The documentary 'Breaking the Cycle' shines a light on Thanathorn Juangroongruangkit, a charismatic Thai politician and pro-democracy activist, who has captured the nation's attention with his progressive vision.As the founder of the Future Forward Party (FFP), Juangroongruangkit's message of correcting past wrongs and securing a brighter future resonated with students, working-class, and rural voters in Thailand.The FFP's campaign in the 2019 general election led to a stunning result, with the party securing the third-most seats in parliament, despite facing an onslaught of court cases from the ruling party.While the documentary provides an inspiring look at the progressive movement in Thailand, it could have benefited from a deeper analysis of Juangroongruangkit's policies and other key figures in the FFP.Nevertheless, 'Breaking the Cycle' serves as a vital reminder that progressive movements are thriving globally, even in the face of far-right rhetoric.