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Title : The Macro View – Health, Financial And Political News Relevant To E-Health And The Health Sector In General.
link : The Macro View – Health, Financial And Political News Relevant To E-Health And The Health Sector In General.
Title : The Macro View – Health, Financial And Political News Relevant To E-Health And The Health Sector In General.
link : The Macro View – Health, Financial And Political News Relevant To E-Health And The Health Sector In General.
The Macro View – Health, Financial And Political News Relevant To E-Health And The Health Sector In General.
August 17, 2017 Edition.
On the overseas front we now see President Trump not only beating up on North Korea but now thinking about having a go at Venezuela for some bizarre reason.
Trump seems to have developed a taste for international meddling because he is having so little domestic success!
One gets the feeling this may not end as well as we hope! Time will tell.
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In Australia Labor continues to lead in the polls and letting same sex couples marry is causing havoc in the Coalition to the extent we are now having a postal plebiscite – subject to the High Court agreeing. Energy policy, tax policy and a few others are also seemingly up in the air.
Thursday Update - Trump has gone off the reservation backing Neo-Nazis etc. and Pauline Hanson has been wandering around the Senate in a burqa. The world seems to be badly adrift.
Thursday Update - Trump has gone off the reservation backing Neo-Nazis etc. and Pauline Hanson has been wandering around the Senate in a burqa. The world seems to be badly adrift.
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Here are a few other things I have noticed.
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National Budget Issues.
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- Updated Aug 6 2017 at 8:54 PM
Cost of living, 'fake' politicians drive voter disenchantment: research
House prices are by far the biggest concern among swing voters in Australia's two largest cities according extensive focus group research which also reveals widespread disillusionment with federal political parties and their leaders.
It finds a general sense of disappointment with Malcolm Turnbull, a lack of trust and belief in Bill Shorten, and anger against Tony Abbott who was generally described as a "sook" and a "spoiler".
This extended beyond the major parties with no-one in the four groups tested being able to name the Greens leader, Richard Di Natale.
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Bill Shorten's argument on inequality isn't new, but it could prove effective
Nick O'Malley
Published: August 7 2017 - 12:15AM
For over a year, Bill Shorten has been preparing to fight an election campaign based on his argument that inequality – and attendant wage stagnation – has reached the point in Australia that it is not only hurting middle-class families, but threatening the nation's social fabric.
Such an argument is not new for opposition parties, particularly those of the left. Leading the Labor Party, Mark Latham once startlingly promised to "ease the squeeze".
But the political weapon Shorten has been forging may prove to be particularly effective in the current environment, not only because he plans to deploy it against the richest man ever to serve as Australia's prime minister, but because it is fortified by a growing international consensus in economic theory.
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Pressure for royal commission rises on CBA laundering scandal
Clancy Yeates
Published: August 7 2017 - 12:00AM
Prime Minister Malcolm Turnbull faces a new round of pressure for a royal commission into the banks after last week's explosive claims the Commonwealth Bank broke anti-money laundering laws, allegations Labor says are "extremely serious and deeply concerning".
The step-up in Labor's rhetoric came as powerful cross-bench senator Nick Xenophon said a bank royal commission was "all but inevitable" in the next parliamentary term at the latest, and pushed for tougher penalties for reckless bankers.
Amid the mounting political pressure and a sell-off in CBA shares before its results this week, chief executive Ian Narev on Sunday broke his public silence, seeking to downplay the push for a royal commission.
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Fairfax-Ipsos focus groups: Turnbull and Shorten have reason to fear the depth of discontent
Tony Wright
Published: August 7 2017 - 12:00AM
Crawling west in Sydney along motorways and tunnels crammed with bellowing trucks, through suburbs where the most modest houses carry price tags of more than $1 million, it wasn't difficult to predict frustration lay behind front doors.
We expected something similar in suburban Melbourne, the nation's second-largest but fastest-growing city, with fast-rising house prices and clogged roads, too.
But it was worse than frustration, our research found: Prime Minister Malcolm Turnbull and Opposition Leader Bill Shorten have reason to fear the depth of discontent that has taken root in both suburban Sydney and Melbourne.
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Fairfax-Ipsos focus groups: voters most angry about housing affordability
Peter Hartcher
Published: August 6 2017 - 11:41PM
Unaffordable housing has surged to the top of the list of undecided voters' concerns in western Sydney, trumping the long-standing priorities of health, education and jobs, according to new focus group research.
And while the problem angered younger voters unable to buy a home, it also troubled an older generation who feared for their children's future.
Foreign investors and immigrants were blamed; neither of the main political parties were seen as having the solution.
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Bill Shorten's 'inequality' pitch appeals to the neglected, vulnerable worker
Mark Kenny
Published: August 6 2017 - 12:00AM
It stands to reason that in the absence of credible solutions to persistent problems, unhappy voters will seek alternatives, look for someone to blame. It's not rocket science.
Despite the practical limits to what governments can do (outside of a mining boom) they must at least offer hope – a believable prospect of better times ahead, and a sense that contemporary struggles will lighten.
Sustained wage stagnation which is as endemic since the GFC as the original crisis, coupled with rising energy and housing costs, are however, testing these limits. All the more so, when politicians' boast of good times, and of economic policy settings that are just right.
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Low wage growth is what the Coalition wanted
Peter Martin
Published: August 6 2017 - 12:01AM
It's better sometimes when we don't get to touch our dreams.
The incoming Coalition government wanted low wage growth, badly.
Within weeks of taking office in 2013 employment minister Eric Abetz upbraided "weak-kneed employers" whom he said were unable to "just say no".
They were all for the carrot, but saw no role for the stick.
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The time bomb in the Australian electorate the major parties can't afford to ignore
Peter Hartcher
Published: August 8 2017 - 12:05AM
What do Australians think of Donald Trump's presidency so far? Based on focus groups of undecided voters in marginal seats in Melbourne and western Sydney, we can say three things. First, there's scant approval of the way he's doing his job, and only one voter out of 30 thought he was accomplishing anything. "I don't agree with what he has done," said an older woman in Melbourne, "but he has done stuff." And even that one, when challenged by others in her group to name an achievement, could not. He'd built a wall, she said, but the others had to let her down with the news that he hadn't, not yet at least.
Second, there's a fair bit of apprehension. "He's going to get us all bombed," said a Sydney woman who described herself as an Avon lady.
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Malcolm Turnbull has little chance of keeping energy bills under control
Ross Gittins
Published: August 9 2017 - 8:06AM
It's never my policy to feel sorry for any politician, so let's just say I wouldn't like to be in Malcolm Turnbull's shoes when he meets the electricity retailers he's summoned to Canberra on Wednesday.
His hope is to persuade them to do more to help their customers find the best prices on offer, so that any savings customers make reduce, to some extent, the further big price rises that are on the way.
Trouble is, it's long been the practice of many big businesses – telcos, internet service providers, electricity retailers – to make it as hard as possible for their household customers to find the "plan" that meets their needs most economically, and also to take advantage of any trusting customer on a more expensive plan than they need.
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Here are 3 billion more reasons to vote 'yes' to same sex marriage
Jessica Irvine
Published: August 12 2017 - 11:45PM
Spring is coming. Remember that, folks, and take heart. Yes, the winter of 2017 has seemed bitterly cold, and dark, at times. White-walkers didn't invade, as feared by Game of Thrones fans, but the vengeful sprit of a Trump presidency seemed to cast a shadow across the world, culminating in this week's threat of "fire and fury" against Pyongyang.
And now we face an emotionally fraught and potentially divisive postal vote – of dubious constitutional and statistical validity – to attempt to resolve the question of same-sex marriage. Many will feel that the extension of a basic human right to all citizens is reason enough for a "yes" vote in the upcoming "voluntary survey". But for any still undecided, there is another significant – and entirely selfish – reason to vote yes.
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Health Budget Issues.
Medibank calls for patient consent, fee disclosure
- The Australian
- 12:00AM August 7, 2017
Sarah-Jane Tasker
Medibank is calling on the Turnbull government to increase transparency in the healthcare system and force providers to publicly disclose fees and introduce patient consent on costs before non-emergency procedures.
The health insurance giant said greater transparency would significantly increase competitive pressures in the health system, put downward pressure on prices and lead to better results.
Medibank, in its submission to a senate inquiry on private health insurance, has argued that there are no requirements for providers to obtain informed financial consent from consumers and there was little, if any, price transparency for consumers or referring doctors.
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Public scrutiny mooted for private hospitals
- The Australian
- 12:00AM August 7, 2017
Sean Parnell
Private hospitals are set to come under the same scrutiny as public hospitals, and be required to report their performance at the same time, after health ministers recognised a need to align quality benchmarks and transparency across the system.
As several states outsource elective surgery to the private sector, Queensland Health Minister Cameron Dick recommended on Friday that the Council of Australian Governments Health Council ensures consistency in performance reporting.
A discussion paper released by the Queensland government noted the “high level of variance in regard to what and how indicators are presently reported in Queensland, and in other Australian and international jurisdictions, (which) makes it difficult for stakeholders to meaningfully use this information”.
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High cost puts many off consulting medical specialists
John Collett
Published: August 9 2017 - 12:15AM
Five years ago Debra Balhatchet underwent surgery in a private hospital to remove a life-threatening tumour. Despite having top-tier private medical cover, the surgery cost her $10,000.
Debra, 38, from the Gold Coast, says she would have opted for a public hospital if she had been made aware of the "gap" expenses that she would incur by going private.
She recalls the first question the radiologist asked her immediately after examining the scan was whether she had private medical cover.
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International Issues.
The decline in America leadership predates Donald Trump
Tom Switzer
Published: August 6 2017 - 12:00AM
The other day an American friend told me something rather disconcerting: when he travels to Europe later this year, he expects to be treated like "a visitor from a planet that has been taken over by wild beasts".
Why? Because Donald Trump – with all the chronic chaos and plain weirdness he brings to the White House – has dealt a huge blow to America's global standing.
And yet my friend, like many friends of America, takes solace in assuming Trump is an aberration. Normal programming will resume, they say, whenever the 71-year-old buffoon leaves office and a more conventional president reaffirms American global leadership that upholds the multilateral rules-based order.
Perhaps. But what if the decline of US prestige and influence that has accompanied Washington's freak show is a sign of things to come? What if America's crisis of confidence goes beyond Trump?
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That whoosh? It's the Great Chinese Property Pullback
Nisha Gopalan
Published: August 8 2017 - 10:03AM
That whoosh you just heard? It's Chinese money pulling back from property in London to Sydney to New York.
Capital centres globally should brace for tumbling real-estate prices as Beijing manages to do what Brexit and higher interest rates haven't.
Reflecting tighter regulations, China overseas direct property investment could drop 84 per cent to $US1.7 billion ($2.15 billion) this year and about another 15 per cent to $US1.4 billion in 2018, according to Morgan Stanley.
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Emmanuel Macron's honeymoon comes to a halt
Adam Nossiter
Published: August 8 2017 - 1:45PM
Paris: President Emmanuel Macron, who upended France's political establishment with his election in May, is breaking ground again, but in an unwelcome way: a rapid and nearly unequalled drop in the polls.
The young president lost 10 points in one month in one poll, 8 in another and 7 in a third. Not since the first months of Jacques Chirac in the mid-1990s has any president fallen so far so fast.
Macron, at the head of a fledgling political movement, marked a victory that was always as tenuous as it was momentous. A former investment banker, he bested France's traditional political parties and fashioned himself as something of a centrist, giving both left and right reason to support him, but also ample room to regard him with suspicion.
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North Korea threatens missile strike after reports it has nuclear warhead
August 9, 20178:58am
North Korea will be met with 'fire and fury' if threatens again: Trump
NORTH Korea has retaliated to Donald Trump’s warning of “fire and fury like the world has never seen” by threatening a missile strike on US Pacific territory Guam.
The reclusive state announced it was “carefully examining” a plan to attack Guam, just hours after the US President issued his apocalyptic warning following reports North Korea had produced a missile-ready nuke.
In a statement released by North Korea’s state-run KCNA news agency today, a spokesman for the Korean People’s Army said the strike plan would be “put into practice in a multi-current and consecutive way any moment” once leader Kim Jong-un made a decision.
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Foreign Minister Julie Bishop warns North Korea confrontation could escalate, calls for calm
Peter Hartcher
Published: August 9 2017 - 1:21PM
The North Korean confrontation could escalate and Australia is within range of any intercontinental ballistic missiles, but Australia is not a primary target, Foreign Affairs Minister Julie Bishop says.
"We are not a primary target but we have a deep interest in seeing this resolved," Ms Bishop told Fairfax Media in an interview. "It's evident that it could ramp up into a more serious conflict."
She called on all parties to step back from the escalating crisis. She declined to comment on the rhetoric used by US President Donald Trump, who said on Tuesday US time that North Korean threats would be met with "fire and fury like the world has never seen".
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Market jitters over Donald Trump's 'fire and fury' threat are justified
Ambrose Evans-Pritchard
Published: August 10 2017 - 8:45AM
The line dividing North and South Korea was drawn by two young colonels in the middle of the night on August 11, 1945. They were thrust into a room, given a map, and told to come up with a solution within half an hour.
The Koreans were not consulted, and nor were the British or the Chinese. US military planners were focused solely on the surrender of Japan and the rush to pre-empt the Soviet Red Army coming down from the North.
One of the colonels happened to be Dean Rusk, a Rhodes Scholar who would become US secretary of state in the 1960s. He drew the line through the 38th Parallel because it "would place the capital city in the American zone".
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Donald Trump's 'fire and fury' threat to North Korea was improvised
Peter Baker and Glenn Thrush
Published: August 10 2017 - 2:52AM
President Donald Trump delivered his "fire and fury" threat to North Korea on Tuesday with arms folded, jaw set and eyes flitting on what appeared to be a single page of talking points set before him on the conference table at his New Jersey golf resort.
The piece of paper, as it turned out, was a fact sheet on the opioid crisis he had come to talk about, and his ominous warning to Pyongyang was entirely improvised, according to several people with direct knowledge of what unfolded. In discussions with advisers beforehand, he had not run the specific language by them.
The inflammatory words quickly escalated the confrontation with North Korea to a new, alarming level and were followed shortly by a new threat from North Korea to obliterate a US air base on Guam. In the hours since, the president's advisers have sought to calm the situation, with Secretary of State Rex Tillerson assuring Americans that they "should sleep at night" without worrying about an imminent war.
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Tony Abbott calls for Australia to urgently consider missile defence shield
Peter Hartcher
Published: August 11 2017 - 12:15AM
Tony Abbott has called for Australia urgently to consider a missile defence shield to protect against attack by nuclear-armed North Korea.
This means that Australia's two most recent former leaders – one Labor and one Liberal – have now made such a call in the last four weeks.
Australia has no defence against intercontinental ballistic missiles. The government has yet to indicate any interest in acquiring one.
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Donald Trump says language on North Korea might not be tough enough
Published: August 11 2017 - 5:35AM
Bedminster, NJ: President Donald Trump on Thursday escalated his rhetoric on North Korea, saying his "fire and fury" comment might not be "tough enough."
"Maybe that statement wasn't tough enough," Trump told reporters as he prepared to meet with top national security advisers. "If anything, that statement may not be tough enough."
Trump would not say whether he is considering a preemptive strike on North Korea, and while he said he was open to negotiating with Pyongyang, he said talks over the years had done little to halt the country's nuclear program.
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North Korean shouting match could provoke Trump into over-reacting
Ambrose Evans-Pritchard
Published: August 11 2017 - 8:31AM
The line dividing North and South Korea was drawn by two young colonels in the middle of the night on August 11, 1945. They were thrust into a room, given a map, and told to come up with a solution within half an hour. The Koreans were not consulted, and nor were the British or the Chinese. US military planners were focused solely on the surrender of Japan and the rush to pre-empt the Soviet Red Army coming down from the North.
One of the colonels happened to be Dean Rusk, a Rhodes scholar who would become US secretary of state in the 1960s. He drew the line through the 38th Parallel because it "would place the capital city in the American zone".
Rusk feared that Seoul was indefensible, and he was right: the city was overrun within days when the North attacked in the Korean War. His fateful line is why so much of this great metropolitan area of 24 million people is today within artillery and rocket range, regularly threatened with a "sea of fire" by the Communist Kim dynasty.
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Trump steps up threats on North Korea
- The Australian
- 10:00AM August 11, 2017
Cameron Stewart
A defiant Donald Trump has further stepped up his attack on North Korea, warning Pyongyang “isn’t getting away with” its threats to launch missiles at Guam.
Speaking after a security meeting, the US President told reporters Kim Jong-un had been “disrespecting” the US with its nuclear missile threats.
“Let’s see what he does with Guam. If he does something, it will be an event the likes of which no one has seen, what will happen in North Korea,” he said.
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We will enact ANZUS over North Korea: Turnbull
- The Australian
- 9:13AM August 11, 2017
Rosie Lewis
Malcolm Turnbull says Australia would enact the ANZUS Treaty and “come to the aid of the United States” if North Korea launched an attack against the western superpower.
The Prime Minister’s declaration of support follows escalating threats between America and North Korea, who earlier this week threatened to launch a multi-missile strike in the waters off the US Pacific territory of Guam.
“The United States has no stronger ally than Australia. We have an ANZUS agreement and if there is an attack on Australia or the United States then each of us will come to the other’s aid,” Mr Turnbull told 3AW radio.
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Paul Keating: North Korea could collapse if it gives up nuclear weapons
James Massola, Fergus Hunter
Published: August 12 2017 - 10:03AM
Paul Keating has warned that North Korea will never abandon its nuclear weapon program and that this new reality will have to be addressed in the same way as the west sought to contain the former Soviet Union.
The former prime minister, one of Australia's most-respected foreign policy thinkers and a strong advocate for a more independent foreign policy, has disagreed strongly with the language and approach being taken by the US President Donald Trump towards the rogue state.
On Friday, US President Donald Trump reiterated his bellicose warning to North Korea, suggesting that his threat to unleash "fire and fury" may not have gone far enough.
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Donald Trump threatens Venezuela with 'military option'
James Oliphant
Published: August 12 2017 - 9:57AM
Bedminster, NJ: US President Donald Trump threatened military intervention in Venezuela, a surprise escalation in Washington's response to Venezuela's political crisis.
Venezuela has appeared to slide toward a more volatile stage of unrest in recent days, with anti-government forces looting weapons from a military base after the installation of an all-powerful new legislative body.
"The people are suffering and they are dying. We have many options for Venezuela including a possible military option if necessary," Trump told reporters on Friday.
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August 12 2017 - 11:18AM
US allies, adversaries urge caution on North Korea
London: World leaders expressed alarm at the bellicose language emanating from North Korea and the United States, but also some support for President Donald Trump, as they sought to allay their citizens' fears of a nuclear war on the Korean Peninsula.
"I am convinced that a verbal escalation will not contribute to a resolution of the conflict," Chancellor Angela Merkel of Germany told journalists in Berlin. "I also see no military resolution to the conflict."
Any North Korean attack on the United States will be met by aid and support from Australia, says Prime Minister Malcolm Turnbull.
Russia's foreign minister, Sergey Lavrov, said that Moscow was "very alarmed" by talk of pre-emptive military action by the United States. "Unfortunately, the rhetoric in Washington and Pyongyang is now starting to go over the top," Lavrov said. "We still hope and believe that common sense will prevail."
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US military is 'locked and loaded': Trump's latest warning to North Korea
John Wagner
Published: August 12 2017 - 12:38PM
Washington: US President Donald Trump issued a new threat to North Korea, saying the US military was "locked and loaded" as Pyongyang accused him of driving the Korean peninsula to the brink of nuclear war and world powers expressed alarm.
The Pentagon said the United States and South Korea would proceed as planned with a joint military exercise in 10 days, an action sure to further antagonise North Korea.
Trump, vacationing at his Bedminster, New Jersey, golf resort, again referred to North Korea's leader in his latest bellicose remarks Friday evening Australia time. "Military solutions are now fully in place, locked and loaded, should North Korea act unwisely," he wrote on Twitter. "Hopefully Kim Jong Un [sic] will find another path!"
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I look forward to comments on all this!
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David.
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