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THURSDAY 5TH MAY 2011
Radical changes to the media model are causing pain for some,
but they also offer opportunities, writes Dr Cullen Habel.
A FEW weeks ago, ABC TV’s Media Watch ran an interview with the
CEO of Fairfax Media, Greg Hywood. Given its impressive stable
of media properties (The Age, Sydney Morning Herald and the
Australian Financial Review), Mr Hywood’s reflection on the value
of “content” is worth noting.
The old model used classified advertising as a sort of “magic pudding”. A newspaper
page of black and white on a Saturday might be worth $40,000. A hundred pages
means revenue of $4 million per week. Mr Hywood declared the model dead. Gone
to the internet. Bad if you’re a classified-only publication such as The Trading Post,
but it changed its model years ago. Fairfax, too, is restructuring hard... Read more
JULIA Gillard is trying to shift attention to
education and training as the theme of this
year’s federal budget. That’s far firmer ground
for Labor than the two more obvious themes –
how it will balance the books with not enough
revenue coming in, and the bewildering lack of
accounting for the carbon and minerals taxes
due to commence operation in 2012.
So the “education budget” it shall be.
On Monday, Gillard named the amounts
the nation’s best teachers could expect to
see in the budget as performance bonuses.
Depending on their individual level of
remuneration, teachers will get between
$5000 and $8000 for being in the top 10 per
cent of teachers. The scheme will cost $425
million over the next four years, and the first
cheques will change hands (during smiling
photo-ops) in 2014.
This is in addition to funding announced with
the mid-year economic and fiscal outlook
(MYEFO) of $164.8 million over four years to
provide “reward grants to government and
non-government schools that have shown the
most improved performance over 12 months”.
That plan was created as part of a deal struck
with independent Rob Oakeshott during
negotiations to form a minority government
Both schemes have been criticised for relying
on simplistic measures of ... Read more
A CONTROVERSIAL new report by British and
Australian researchers claims government policy
hinders innovation rather than helping it.
Titled “State of Uncertainty” the report says
innovators are often hampered by not knowing
what opportunities may exist for their ideas or what
regulatory and other barriers lie in their path – and
it lays the blame on government.
“Innovation policy would work better, we suggest,
if modelled on experimental science and directed
to the task of minimising the uncertainty that
entrepreneurs face in the
discovery of opportunities
and constraints, ” say
researchers Hasan Bakhshi,
Alan Freeman and Jason
underpins our modern
civilisation; it should be the
basis of innovation policy
Click here to read their full
ROB BURGESS/BUSINESS SPECTATOR
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Beauty turns beastly
fake nails? What
waxing and teeth
to the world of American child beauty
pageants, which are now sparking debate in
Australia as organisers prepare to bring the
events to our shores. Social commentator
Nina Funnell writes that aside from
concerns regarding the sexualisation of
young girls, it also highlights the ongoing
Americanisation of Australian culture. Read
her article at smh.com.au.
Back to schools
State of Uncertainty
Germany aerospace agency DLR has a robot called Rollin’ Justin which it has
programmed to catch objects on the fly – including two balls at once!
ROLLIN’ JUSTIN’S ON THE BALL
PHOTO: Alan Porritt/AAP Image
Any insider information?
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