Letters to the editor: Ignore the populist bait of an uneconomical manufacturing dream – The Australian Financial Review

We need better performance from our politicians, and that requires us to ignore the populist bait on offer. And to reward the politicians who act against their own interests to benefit the country.

Graeme Bennett, Artarmon, NSW

Ed Shann would have us continue business as usual and go with our strengths (Forget Made in Australia, do what we already do well). But what of energy security, and the need to decarbonise?

We have recently witnessed Australias dependence on imports, whether in the 90 per cent of our imported oil supplies at risk due to conflicts elsewhere or a pandemic that isolated the very industries Mr Shann believes are our strengths: education and tourism.

As for subsidies, the Australia Institute reported that in 2022-23, Australian governments provided fossil fuel industries with $11.1billion in spending and tax breaks: This years figure represents a 5 per cent decline on last years, but subsidies in the forward estimates have increased from $55.3 billion to a record $57.1 billion.

The focus on returns to fossil fuel shareholders needs to shift to a focus on making renewables work for the environment and for an equitable transition to cheaper energy sources. This will require investment.

On a micro level, millions of Australians have worked this out already. New home battery installations rose 21 per cent last year. According to the Climate Council, rooftop solar is now providing 11.2 per cent of our nations total power supply after 314,507 households installed solar panels last year, bringing online 2.9GW of new generation.

Fiona Colin, Malvern East, Vic

It was pleasing to read rational commentary detailing criteria necessary to boost investment (Four ways we can lift investment in local manufacturing).

It was all about fundamentals: approvals; build times; competitive input costs; skilled workforce. The only mention of tax was the sensible suggestion for faster depreciation of manufacturing investments.

Improved depreciation rates can apply across all industries. Developing and purchasing computer software is part of everyday business and necessary to drive productivity and revenue. It is like employing people to achieve outcomes. All software expenditures should be able to be written off as incurred rather than depreciated.

Graeme Troy, Wagstaffe, NSW

I offer a counter to the self-serving views of the Minerals Council of Australia as presented by chief executive Tania Constable (Dont make stuff Australia has no edge in, says MCA).

Ms Constable seems to have no idea there is much more to a manufacturing sector than raw inputs and outputs. For a start, there is the whole can do mindset that a thriving manufacturing sector can engender. Ms Constable probably cant conceive that there might be thousands of young Australians who would much rather spend their work time actually making things and gaining practical skills than answering emails and moving numbers around on a screen all day.

Can I suggest she read Identity: The Demand for Dignity and the Politics of Resentment by Francis Fukuyama and pause for a moment to consider the lasting damage to society that can occur when considerations of individual dignity and respect are simply cast aside for the narrow economic benefit of the nation?

Fraser Faithfull, Caulfield South, Vic

The AFR View is right to say the tragedy at Bondi Junction at the weekend would be 10 times worse if the perpetrator had a gun (Bondi Junction tragedy brings out the best). The reason Australians rush to help is that we dont think a gun is involved; the first thing Americans do is run away for fear of being shot.

While it is comforting to see all politicians and media condemn this monstrous act and understand the publics need for full and continuous disclosure, this period will soon end. We will then want to see real change, and real action.

This is where our political leaders could easily let us down. Labor is often criticised for being soft on crime, and time will tell if NSW Premier Chris Minns and Prime Minister Anthony Albanese fall into this category.

As The AFR View rightly points out, drugs are pernicious and a scourge; we need tougher action on drug dealers (especially ice, which seems to be in every suburb, and destroys too many lives), greater focus on reducing male violence towards women, reducing domestic violence, and fast action on mental health. We must support the police use of firearms in these situations, look at technology (artificial intelligence and CCTV), the carrying of mace by women made legal, and stab vests and tasers for security guards (with appropriate training and checks).

It is time for our political leaders to realise that laying flowers and sharing updates is important to help unite people and to grieve, but its 1 per cent of the job; taking effective action is the other 99 per cent.

Glen Frost, Darlington, NSW

The news that KIA is marketing a super-sized diesel vehicle specifically for the Australian market says a lot about our mind set. The world is in a climate emergency yet we are partying like there is no tomorrow.

When I drive to the local shopping centre, my little Corolla is dwarfed by a sea of Rams, Rangers and Range Rovers. They are excessive for doing the weekly shopping and school run.

What does it take to shake Australians from their complacency? We are all in this together, folks.

Barry Lizmore, Ocean Grove, Vic

I had no idea CPI was running at 20 per cent until I bought a copy of AFR Weekend in Adelaide on Saturday with a new cover price of $6, up from $5. No doubt Rear Window will shortly do a forensic analysis. After all, the Fins preoccupation with transparency is legendary.

John Bridgland, Adelaide, SA

We are always interested to hear your views on current topics.

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Letters to the editor: Ignore the populist bait of an uneconomical manufacturing dream - The Australian Financial Review

Citi: Smart gaming tables to organically grow Macau GGR without need for higher footfall – Inside Asian Gaming

The implementation of smart gaming tables and RFID chips into Macaus casinos is expected to organically grow gaming revenues without the need to increase footfall, according to a research note from Citibank.

Observing that smart table technology has become one of the hottest topics in the local gaming industry in recent months, Citi analysts George Choi and Ryan Cheung said the ability to speed up games was one of the key benefits of utilizing the technology, which they estimate can translate into organic GGR growth of 5.9% for every five seconds saved per game of baccarat.

Adding that around 10% of all tables in Macau are currently smart tables, they wrote, If the use of smart gaming tables becomes more widespread we will be much more confident than we already are in the long term growth prospects of the Macau gaming industry.

Inside Asian Gaming understands that operators are broadly planning to implement the technology across all baccarat tables, with some to complete the rollout by the end of this year.

According to Citi, other benefits of smart gaming tables and RFID chips include the ability to capture data on players betting patterns, which allows more accurate valuation on these players and more cost-effective player comping.

For example, it makes sense for casinos to increase their comps on players who consistently spend 10% of their baccarat wages on the Lucky 6 exotic bet as these players are on our estimates worth 125.5% more than players who strictly do main bets, they wrote.

The technology can also prevent the use of counterfeit chip use for many years a significant issue in Macaus casinos while allowing operators the ability to introduce new exotic and higher hold bets.

On the current state of rollout, Citi said, Based on observations in our latest monthly table survey, we believe all must baccarat tables at the two MGM China casinos are smart gaming tables.

We saw 140 smart gaming tables at the mass concourse at the Londoner casino of Londoner Macau. We also saw 24 smart gaming tables at the grind mass area at Wynn Macau, but we did not see any at Wynn Palace.

Galaxy, Melco and SJM have already placed orders with smart gaming table suppliers per management comments during their most recent earnings calls.

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Citi: Smart gaming tables to organically grow Macau GGR without need for higher footfall - Inside Asian Gaming

Investment starting to pay returns for women’s football in Oceania nations – Friends of Football

Efforts to help improve womens football in the Oceania region are bearing fruit, say football leaders.

FIFA Chief Womens Football Officer and former Samoa international Dame Sarai Bareman says the shining example was the 2023 FIFA Womens World Cup, co-hosted by New Zealand and Australia.

Its clear that the impact stretched far beyond the two hosts and into the wider Oceania region, she said.

FIFAs provision of a range of on and off-field development activities in recent years has helped fast-track growth, and led to more examples of progress at OFC Womens Olympic Qualifier tournament in Samoa.

From infrastructure upgrades notably at the hosts Football Federation Samoa Football Stadium to the provision of high-performance coaches, and financial packages supporting the national teams, the support has been broad and wide-ranging.

Main photo: Solomon Islands Ileen Pegi was one of the emerging players at the OFC Womens Olympic Qualifier Tournament in Samoa. Photo: Shane Wenzlick / Phototek.

Dame Sarai said it was pleasing to see so many competitive matches and such a lift in the quality of football at the tournament.

Its a testament to the hard work that is being done by OFC and its member associations.

Major competitions play such a crucial role in the growth of womens football. Last year, we saw Papua New Guinea come so close to qualifying for the FIFA Womens World Cup.

The levelling of competition across the confederation reflects the commitment to improvement from both the world governing body and the respective member associations.

FIFA has delivered 77 programmes to Oceanian nations since first launching the Womens Development Programmes in the region.

Notably, FIFA launched a pilot programme to help Pacific national teams prepare for the OFC Womens Nation Cup 2022.

This turned into a fully-fledged programme that supported a range of identified nations to prepare for the 2023 FIFA Womens World Cup.

Samoa, for instance, is enjoying a significant period of growth.

In February 2024, experienced administrator Ronna Lee Galumalemana became the new CEO at Football Federation Samoa (FFS), one of the few women to lead a member association in the region.

FFS President Sam Petaia says FIFA has invested more than USD$5 million for infrastructure in the past few years. Such investment has allowed FFS to host several OFC tournaments over the coming year.

Apia Park will be the main FFS administrative headquarters, while the existing Tuanaimato facility will be developed into a high-performance centre.

As part of FIFA 3.0 the academy will be developed with a gym, training pitches and player accommodation, sports science and anti-doping being housed on the site.

FIFA, through their infrastructure assistance, have given us a platform, that our Federation can challenge rugby, Petaia said.

Its about giving opportunities to kids. [Football is] the most well-funded, and the most popular grassroots programme in the country. But when they transition from primary school to secondary school, that is when we tend to lose a lot of the football players to rugby.

We have systems in place that we will make sure we try to hold onto our players, so they know theres something for them when they leave primary school. So its about us building programmes we can sustain. In five to 10 years look out, that landscape can change.

FFS Technical Director Ravinesh Kumar said: I think the FIFA Womens World Cup had a great impact on the young people, young girls as well.

We had our holiday programmes in December and we could clearly see that there is a link, between the FIFA Womens World Cup brought to Oceania and the interest it creates in our local kids. And now the Olympic qualifiers have backed up that interest, in our girls especially.

We could see a lot of girls have come in to watch the Olympic qualifiers.

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Investment starting to pay returns for women's football in Oceania nations - Friends of Football

Civic Nebraska hosts AI and democracy summit at UNL ahead of legislative hearing – Nebraska Examiner

LINCOLN Just days before lawmakers consider the possible impacts of artificial intelligence on Nebraskas upcoming elections, at least one state senator says the conversations are just beginning.

State Sen. Tom Brewer, who represents north-central Nebraska, joined Civic Nebraskas community forum Saturday on AI and democracy, stating bluntly that AI is scary and that multiple University of Nebraska professors, who detailed possible impacts of the technology, scared the hell out of me.

Theyre talking about things that if you stop, pause and think about, how do you stop it? Brewer told a group of about three dozen people at the University of Nebraska-Lincoln.

Heidi Uhing, director of public policy for Civic Nebraska, moderated the event. She pointed to January robocalls using President Joe Bidens voice to trick voters ahead of the New Hampshire primary. In 5,000 AI-generated calls, people were discouraged from voting.

That was sort of the first shot over the bow when it comes to artificial intelligence used in our elections, Uhing said.

Brewer, a two-time Purple Heart recipient who chairs the Legislatures Government, Military and Veterans Affairs Committee, suggested lawmakers come together to learn more about AI after the 2024 session and after the May primary election to examine whether there are any issues.

He suggested that the Government and Judiciary Committees should investigate AI, possibly providing momentum to propel 2025 legislation up the food chain.

We need smart folks all along the way to make sure as we build it, as we write it, that end product is good to go, Brewer said.

Brewer said there is a chance but a remote one that AI-related legislation could become law in 2024, since none of the bills has been prioritized.

Gina Ligon, director of the University of Nebraska at Omahas National Counterterrorism Innovation, Technology and Education Center, said Saturday that NCITE has started to examine how terrorist or non-state actors might be using AI.

Previous thinking was terrorists needed specific expertise for attacks, but AI is closing the gap.

Ligon said terrorists are using AI to find information, and in just the last week shared manuals of how to use it on the dark web among terrorist organizations.

U.S. election hardware and systems are methodical and more protected than elsewhere in the world, Ligon said, but she cautioned that election officials and workers are not protected.

If you get enough of these threats, enough of these videos made about you, youre maybe not going to volunteer to be an election official anymore, Ligon said.

Thats what keeps me up at night is how we can protect election officials here in Nebraska from what I think is an imminent concern of how terrorists are going to use this technology, Ligon continued.

NCITE has also been looking at threats to election officials, with a record number in 2023, double from when the center started investigating a decade ago. However, Ligon said, thats just the tip of the iceberg through federal charges focused on violence.

Ligon said Nebraska lacks specific language related to election worker harassment, which could degrade and erode election workers ability to come to work and to protect elections. She said she would like to see enhanced penalties should someone attempt to harass an election official.

Local threats to local officials, to me, is national security, Ligon said.

Nebraska election officials in 2022 said their jobs were more stressful and under the spotlight.

Douglas County Election Commissioner Brian Kruse said Saturday his biggest concern is bad actors attempting to use AI to sow misinformation or disinformation about elections, such as changes to voting deadlines or polling places.

The only thing that has changed is we now have voter ID in Nebraska, Kruse said.

Its always good to have the conversation about election safety, Kruse said, because he and his office try to be proactive. He added that in daily journals he reads, not a day goes by without an AI-related article.

Legislative Bill 1390, from Lincoln State Sen. Eliot Bostar and endorsed by Civic Nebraska, would prohibit deep fakes, or deceptive images or videos, of election officers. It also would crack down on threats and harassment of election officials or election workers and requires an annual report. It will be considered at a Government Committee hearing Wednesday.

LB 1203, by State Sen. John Cavanaugh of Omaha, will also be considered Wednesday. It would have the Nebraska Accountability and Disclosure Commission regulate AI in media or political advertisements.

UNL Professor Matt Waite, who taught a fall 2023 course on AI and journalism, said it might be impossible to escape the damage that AI could cause and said the field is changing so fast his course was like flying a plane with duct tape and prayer.

I get six different AI newsletters a day, and Im not even sure Im keeping up with it, Waite said.

In one example, Waite described creating an AI-generated clip of UNL radio professor Rick Alloway for his class. He and students asked dozens of people to listen to two audio clips of the same script and decide which was AI-generated and which was read by Alloway.

About 65% of those responding to the poll had heard Alloway before or had taken one of his classes. More than half, 55%, thought the AI-generated clip was actually the professors voice.

The AI inserted breath pauses you can hear the AI breathing, Waite said. It also went um and ah twice.

The Nebraska Examiner published the findings of a similar experiment with seven state lawmakers last month. Senators similarly expressed concern or hesitation with where to begin to address AI issues.

Waite said lawmakers are in an arms race that you cannot possibly win and have tried to legislate technology before but have often run aground on First Amendment or other concerns.

Its not the AI thats the problem, Waite said. Its the disruption of a fair and equitable election.

Professor Bryan Wang, who teaches public relations at UNL and studies political advertising, explained that social media has created echo chambers and niche connections, which complicates AI use.

AI is already changing the production, dissemination and reception of information, Wang said, such as users in a high choice environment where they may choose to avoid political information incidentally being exposed and sharing information within their bubble.

That process isnt random, Wang continued, as social media works off algorithms that feed off peoples distrust, which extends to all sectors of life.

We also need to work on restoring that trust to build more empathy among us, to build more data and understanding among us, Wang said. Research does show that having that empathy, having that dialogue, does bridge gaps, does help us understand each other and does see others views as more legitimate that way.

Kruse said the mantra of see something, say something also applies to elections and said his office and others around the state stand ready to assist voters.

Wang said theres a need for media literacy, too.

State Sen. Tony Vargas of Omaha introduced LB 1371, to require media literacy in K-12 schools and set a graduation requirement. The Education Committee considered the bill Feb. 20.

At the end of the event, Uhing and panelists noted that AI is not all bad in the realm of democracy. Waite said AI could expand community news, which has been shrinking nationwide, or could be used to systematically review voter rolls.

Kruse said voters in Douglas County recently asked for a remonstrance petition to stop local government from doing something. AI could help teach staff about such a petition.

He also said quasi-public safety tools could review Douglas Countys 13 dropboxes and associated cameras to identify a suspect should there be an issue.

I dont have the staff, the time or the funds to sit there and monitor my cameras 24/7, Kruse said.

Waite said AI is not all evil and encouraged people to play around with it for themselves.

Youre not giving away your moral soul if you type into a chat window, Waite said. Try a few things out and see what happens.

Editors note: Reporter Zach Wendling was a student in Waites fall class on AI.

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Civic Nebraska hosts AI and democracy summit at UNL ahead of legislative hearing - Nebraska Examiner

Spillover effects from private equity acquisitions in the health care sector – Brown University

The health care sector is witnessing a significant transformation as private equity (PE) firms step up their acquisition of physician practices. This trend reflects a broader shift within the health care industry of corporate investors acquiring health care providers, driven by the allure of short-term profitability and efficiency gains. It also raises questions about the implications for health care quality, accessibility and the overall impact on the U.S. health care system.

A new study led by Yashaswini Singh, assistant professor of health services, policy, and practice and a member of Browns Center for Advancing Health Policy Through Research, will explore this phenomenon and the effects of PE acquisitions on health care accessibility. Funded by the National Institute for Health Care Management Foundation, the study, Spillover Effects of Private Equity Acquisitions of Physician Practices on Local Market Competitors: Implications for Access to Care, represents a pioneering investigation into a critically under-examined area.

Singhs prior research shows that PE acquisitions of physician practices often lead to increased health care spending and utilization, changes in workforce composition and a reshaping of services based on profitability. Yet the extended impact of these changes, especially the spillover effects on competing practices within the same locale, remains largely unexplored.

Singhs new study will consider a core concern: the propensity of PE firms to prioritize short-term financial gains, potentially at the expense of offering comprehensive care. This strategy may lead to the curtailment or discontinuation of less lucrative services, disproportionately burdening independent medical practices, as they may have to accommodate an increased demand from patients turned away from PE-owned offices.

Singh and her study co-author, Durgar Borkar, assistant professor of ophthalmology at Duke University, are focusing on the field of ophthalmology, merging hand-collected data on PE ownership with longitudinal medical claims data. Their work is set to make a significant contribution to the field, providing the first policy-relevant empirical evidence on the market-wide effects of PE acquisitions.

We spoke to Professor Singh about her upcoming study.

Over the last decade, theres been a rapid increase in institutional investors, such as private equity funds, acquiring physician practices, primarily through consolidation. Private equity aims to generate approximately 20% annual returns over short investment periods of three to seven years. This raises concerns about whether private equitys financial incentives can coexist with physician incentives to deliver affordable, accessible, high-value care for patients.

In the past five years, acquisitions have occurred in several specialties, including dermatology and ophthalmology, and more recently, primary care. A growing body of literature is examining the impact of these acquisitions on health care spending, quality and access outcomes, which is the focus of my research and this grant.

Thats in the ballpark, indicating a rapid trend in corporate consolidation in the last five to ten years. However, specific numbers are hard to confirm due to the private nature of these transactions. Private equity companies are exempt from Securities and Exchange Commission disclosure requirements, and most physician practice acquisitions go unreported to antitrust authorities like the Federal Trade Commission.This lack of transparency is a key policy issue, making it hard for researchers, policymakers, physicians and patients to understand the real magnitude of these trends.

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Spillover effects from private equity acquisitions in the health care sector - Brown University

Astronaut Mary Cleave, the first woman to fly on NASA’s space shuttle after Challenger disaster, dies at 76 – Orlando Sentinel

Mary Cleave, the NASA astronaut who in 1989 became the first woman to fly on a space shuttle mission after the Challenger disaster, has died at the age of 76.

NASA did not give a cause of death, the space agency announced last week.

Im sad weve lost trail blazer Dr. Mary Cleave, shuttle astronaut, veteran of two spaceflights, and first woman to lead the Science Mission Directorate as associate administrator, said NASA Associate Administrator Bob Cabana in astatement. Mary was a force of nature with a passion for science, exploration, and caring for our home planet. She will be missed.

Cleave who died Nov. 27 in Annapolis, Maryland, according to the statement was a native of Great Neck, New York, but had lived in Annapolis since 1991. She studied biological sciences at Colorado State University before going on to earn her masters in microbial ecology and a doctorate in civil and environmental engineering from Utah State University.

Cleave had been inducted into the Maryland Womens Hall of Fame in 2022.

In addition to being one of the first American women in space, Cleave helped develop and lead projects to gather critical information about the effects of climate change.

Always fascinated by airplanes, Cleave said in a March interview with The Capital that she started flying lessons as a 14-year-old, which she funded with her babysitting money.

Although Cleave had a strong interest in aviation, she was too short to be a flight attendant at 5-foot-2 at the time. Instead, she applied to veterinarian school at Cornell University but was not accepted.

They used to discriminate based on gender at all the professional schools vet school, law school, medical school. When Title IX went through, they had to stop that, Cleave said in March. It made a huge difference.

She was accepted to Colorado State Universitys pre-vet program, but when it came time to apply for vet school, she ran into the same roadblock; the programs didnt accept women. She switched her focus to botany.

After Cleave obtained her bachelors degree in biological sciences at Colorado State and her masters degree from Utah State University, the schools dean of the College of Engineering asked her to consider a doctorate in engineering. With Title IX law, there was a new world of options for Cleave to explore.

Partway through her doctorate, a colleague told her about an advertisement at the local post office. For the first time, NASA was recruiting women, people of color and nonmilitary personnel for the astronaut class of 1978. It was a dream job for Cleave flying and science together.

NASA representatives told Cleave they wanted her to complete her doctorate first, which she did before joining the next astronaut class in 1980. The decision meant she missed out on joining the countrys first co-ed astronaut class and the chance to become the first American woman in space, a title held by Sally Ride, but she was glad she finished her degree.

On her first mission, flying on NASAs Space Shuttle Atlantis in 1985, Cleave became the 10th woman to travel into space. On the mission, she served as a flight engineer and helped operate the shuttles robotic arm.

Between her two flights, the Challenger disaster in 1986 had occurred, and Cleave went to work on crew equipment issues following the mission. On the second shuttle flight, as she looked down on the Amazon rainforest, she had a realization that she wanted to return to environmental research.

Cleaves second flight in 1989, STS-30, also on Atlantis, came after NASA had reverted to flying all-male crews for three missions in the wake of the Challenger explosion.

Looking at the Earth, particularly the Amazon rainforest, the amount of deforestation I could see, just in the five years between my two space flights down there, scared the hell out of me, Cleave said in March.

Jeffrey F. Bill/Capital Gazette

In 1991, Cleave moved to Annapolis to be closer to her aging parents, which led her to NASAs Goddard Space Flight Center, home of the agencys environmental spacecraft programs.

At Goddard, Cleave managed a project to measure all the phytoplankton in the ocean via spacecraft, developing models to understand carbon dioxide building up in the atmosphere.

Cleave went on to do other work gathering data from space to help scientists better understand climate change. She also briefly worked on redesigning the proposal for the International Space Station, after which she was asked to work at NASA headquarters in Washington.

She retired from NASA in 2007. She was a member of the Annapolis Rowing Club and Anne Arundel County Bird Club, and volunteered with the Anne Arundel County League of Women Voters. She also mentored students through the Astronaut Scholarship Foundation.

Baltimore Sun Media journalists Dana Munro and Jay Judge, and CNN Wires Service contributed to this article.

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Astronaut Mary Cleave, the first woman to fly on NASA's space shuttle after Challenger disaster, dies at 76 - Orlando Sentinel