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World Economy Mar 23, 2026

Australia's Gas Industry Profits Soar as Households Struggle: A Case for a Fair Share Levy

The Albanese government is considering an extra levy on gas producers' high profits to buffer fuel …
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.
#gas #levy #share
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Sport Mar 23, 2026

ECB Faces Backlash for Retaining McCullum and Key Despite Ashes Debacle

The England and Wales Cricket Board (ECB) has decided to retain Brendon McCullum as men's head coac…
The England and Wales Cricket Board (ECB) has taken a significant risk by retaining Brendon McCullum as men's head coach and Rob Key as team director following a dismal Ashes series. The pair's contracts and the board's decision have sparked widespread criticism.McCullum's contract runs until the end of 2027, and terminating it would come at a substantial cost. The ECB appears to have opted for continuity, despite England's 4-1 defeat in Australia, which exposed several issues with the team's approach and strategy.The Test team holds a special place in the hearts of English cricket fans, and the recent performance has left many feeling frustrated. The ECB's decision to stick with McCullum and Key is seen as a bold move, but it also means that the duo must now work to regain the trust and support of the public.Richard Gould, the ECB chief executive, and Richard Thompson, the ECB chair, have acknowledged that the decision will not be popular. However, they seem committed to their strategy, citing a 25% increase in Test viewership over the past four years.The ECB's plans to revamp the team include introducing a bowling guru and a new selector. However, some critics argue that these changes do not go far enough to address the team's shortcomings. Rob Key emphasized the need for greater accountability for poor performance, but the specifics of how this will be implemented remain unclear.The team's performance under McCullum and Key has been inconsistent. While there have been some notable victories, the team has struggled in major Test series against Australia and India. The Ashes campaigns, in particular, have been approached with a casual attitude, with England only becoming more determined after falling behind 2-0 in 2023.To regain the public's trust, England must demonstrate improvement in several areas, including better engagement with the domestic game, more merit-based selection, and a clearer understanding between Ben Stokes and McCullum. The team's ability to adapt and evolve will be crucial in the coming months.
#not #mccullum #test
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Sport Mar 23, 2026

England Cricket Backs McCullum and Key Despite Ashes Defeat

The England and Wales Cricket Board (ECB) has expressed its support for head coach Brendon McCullum…
The England and Wales Cricket Board (ECB) has reaffirmed its support for head coach Brendon McCullum and managing director of cricket Rob Key, despite the team's dismal 4-1 Ashes defeat in Australia. This decision, while potentially unpopular among fans, is seen as the right course of action by the ECB.According to Richard Gould, the ECB's chief executive, the board's choice to stick with McCullum and Key is guided by 'good judgment and objective views,' rather than public sentiment. Gould emphasized that the leadership duo has shown a willingness to 'adapt' and 'evolve' their approach in the wake of the Ashes debacle.The ECB's internal review of the Ashes series highlighted several key areas for improvement, including better use of the performance system, enhanced long-term planning, and a more professional culture within the senior men's setup. These findings were presented to the media in the form of two slides with bullet points.One of the major talking points from the review was the team's culture and environment, which came under scrutiny following a mid-Ashes break in Noosa that generated headlines about player behavior. The situation escalated when Harry Brook was disciplined for a drunken altercation with a nightclub bouncer in New Zealand.Gould described the incident as 'significantly unprofessional,' while Key noted that Brook was given a second chance due to his previous clean record and the decision to prioritize England commitments over the Indian Premier League.In response to these challenges, the team has introduced a midnight curfew to formalize McCullum's stance on the importance of rest and discipline. Key also highlighted the recent appointment of Troy Cooley to oversee fast-bowling development as a positive step forward.Looking ahead, Key emphasized that the team will not undergo a major philosophical shift under McCullum and captain Ben Stokes, who have different but complementary outlooks. The focus will be on refining their existing approach rather than implementing drastic changes.
#not #mccullum #key
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Film Mar 23, 2026

The Last Blossom: A Poignant Anime Exploring Redemption and Human Conscience

The Last Blossom is a contemplative anime film that tells the story of an elderly former yakuza, Ak…
The Last Blossom, directed by Baku Kinoshita and written by Kazuya Konomoto, is a quiet, contemplative anime feature that rarely gets a theatrical release. The film opens in a lonely prison cell, where the elderly former yakuza Akutsu finds an unexpected confidant in a talking balsam flower.Over the course of one sleepless night, Akutsu's life story unfolds in bursts. Thirty years prior, another balsam flower grows in the back yard of Akutsu's humble house, which he shares with Nana and her baby son, Kensuke. The relationship between the taciturn man and the bubbly young woman is seemingly platonic; Kensuke is not his son. Yet there are hints of romantic attraction; they share bowls of piping hot ramen noodles, play endless rounds of Reversi, and join in harmonising the Ben E King classic Stand By Me.In contrast to this alternative nuclear family, the yakuza world is still strictly traditional, revolving around machismo and codes of brotherhood. When Kensuke is diagnosed with a heart condition, Akutsu is lured into a criminal plot, which leads to his incarceration. Though encompassing much bloodshed and even a hidden treasure subplot, The Last Blossom is most moving as an exploration of human conscience, where a capacity for violence and kindness coexist.The paradox is reminiscent of Shōhei Imamura’s Palme d’Or winner The Eel, starring Koji Yakusho as a wife-murderer who shelters a pregnant woman after his prison release. With his unassuming buzzcut, in stark contrast to his flamboyant yakuza peers, Akutsu bears a striking resemblance to Yakusho’s protagonist. Though a minor work compared to Imamura’s, The Last Blossom similarly questions conventional notions of justice, and the impossibility of weighing one’s good and bad deeds.The Last Blossom is in UK and Irish cinemas from 27 March, and in Australian cinemas from 23 April.
#his #last #blossom
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