It's perched on a perilous fault-line but California can't blame the San Andreas for this big black bottomless pit. It's a frightening financial hole engulfing the most populous state in the USA and there seems no way to fill it. Time to think outside the square. Or, just out of it. Let's call it Califloracation. Or supplier-side economics. Groaning under the crushing weight of a multi-billion dollar deficit, California is dreaming up novel ways of paying its bills. And like a slacker's cry in a Judd Apatow stoner film or a punch line in Cheech and Chong sketch - a bright idea: What about drugs!
If life's two certainties are death and taxes then who blinks first in a face-off between God and The Taxman? Italians are buckling up for very bumpy, very bleak ride into economic gloom and doomdom but many are asking if everyone's paying their way - particularly the very wealthy. The Catholic Church for instance. As a get-tough Government doles out some harsh medicine, it has at least signalled the Church may need to toss a lot more into the collection plate. But will it come to pass?
Panellists include: Josh Frydenberg - Assistant Treasurer, Andrew Leigh - Shadow Assistant Treasurer, Miriam Margolyes - Star of Harry Potter and champion of English novelist Charles Dickens, Trisha Jha - Centre for Independent Studies and Jamila Rizvi - Editor-in-chief of Mamamia.
Panellists: Cassandra Goldie, Head of Australian Council of Social Service; Warren Mundine, Chair of the Indigenous Advisory Council; Sir Michael Marmot, President of the World Medical Association; Christine Bennett, School of Medicine, The University of Notre Dame; and Deborah Cobb-Clark, Professor of Economics , University of Sydney.
Panellists: Sally McManus, secretary, ACTU; Chris Richardson, economist and chair of Deloitte Access Economics; Heather Ridout, businesswoman and former RBA board member; James Pearson, CEO, Australian Chamber of Commerce and Industry; and Stephen Mayne, Crikey founder.