Asbestos Misconceptions And Realities

You can download Asbestos Awareness Australia’s entire report here:

https://digitalfinanceanalytics.com/blog/wp-content/uploads/2021/10/Asbestos-Misconceptions-Vs-Realities-10-Oct.pdf

Around 4,000 people die each year from Asbestos related disease, including around 800 from mesothelioma, perhaps the most vile of the cancers. The asbestos ban in 2003 in Australia was ‘a significant victory for the trade union movement’ … [but] ‘unfortunately represented a story of the lack of political will by governments at Federal and State levels to act in the health interests of their community.’

Our survey of more than 43,000 Australian households found that knowledge about the following basic facts is very poor:

  1. The level of exposure to asbestos that is dangerous.
  2. The period of exposure to asbestos that is dangerous.
  3. The deadliness of exposure to asbestos.4. The annual death count from asbestos-related diseases in Australia.

Most Australian households have not been properly warned about the risks and impacts of legacy asbestos, do not know that their lives are at stake, and are not using licensed asbestos professionals. Further, most Australians readily exclude themselves from any of the ‘at risk” categories and most think the death count from asbestos-related diseases each year is below 50.

Overall, the survey findings are consistent with inadequate public information, education, and warnings in Australia on asbestos threats and consequences.

Our broader research points to longstanding key messages that have been promulgated by James Hardie Industries Ltd “James Hardie”, CSR Ltd “CSR”, and the federal and state governments in Australia to downplay the risks of asbestos exposure outside of workplaces and to mask the scale of deaths from asbestos-related diseases.

Messages that are commonly portrayed within official and public health sources in Australia include the following:Half Truths or Misconceptions:

  1. Instances of mesothelioma and other asbestos-related illnesses are rare and have peaked.
  2. The numbers of historical deaths from asbestos-related diseases are uncertain.
  3. Public health messaging on asbestos risks should be disseminated on a limited basis, so as not to scare the community.
  4. Current cases of asbestos-related disease result from historical settings that no longer exist today.
  5. The risks of asbestos-related diseases are largely confined to working-class older men.
  6. Asbestos-related diseases require (or usually involve) intense exposure over long periods.
  7. The risks of asbestos-related diseases are largely confined to people with occupational exposure to asbestos.
  8. Much of the exposure of the Australian population to asbestos (and the comparative incidental exposure levels used in scientific modelling) is caused by naturally occurring asbestos.
  9. Legacy asbestos products that are bonded or encased are safe and best left in position.
  10. It is safer to “manage” than to remove in situ asbestos.

In this show, Asbestos Awareness Australia discusses the first eight of the above messages.

The last two claims are more complex and will be debated in a future one. We ultimately categorise these messages as misconceptions or half-truths because they are incomplete and misleading when not conveyed with proper context.

And ask yourself, why are these misconceptions are still commonly used?

Public and unequivocal acknowledgement by the industry and the federal and state governments of the continuing risks of legacy asbestos in homes, and the associated deaths arising from exposure to asbestos outside of workplace settings, would have serious repercussions. Such public recognition of the asbestos crisis would bring asbestos concerns to the forefront of the public mind.

Asbestos Awareness Australia Ltd is a registered not-for-profit company limited by guarantee, is a registered charity, and has endorsement from the Australian Taxation Office as a gift deductible recipient. The company was set up:

  • To enhance public awareness and knowledge of the dangers of asbestos threats.
  • To promote measures and policies that prevent or minimise the harms from asbestos-related diseases.

To achieve these objectives, the company provides public access to widely sourced information on asbestos risks and impacts, including the associated medical, legal, and political debates.

https://asbestosawarenessaustralia.com.au/

The Worst Of Both Worlds: With Tarric Brooker

I am joined by Journalist Tarric Brooker for our Friday afternoon chat on economics and politics. Tarric shares his latest charts, and we discuss the big themes of the week. He can be found on Twitter @AvicCommentator.

Go to the Walk The World Universe at https://walktheworld.com.au/

Welcome To Financial Repression: With George Gammon

I caught up with George Gammon to discuss financial repression, inflation, asset prices, trust and who is driving the agenda. George Edward Gammon is a Real Estate Investor, entrepreneur and teacher of macro economics on YouTube.

https://www.georgegammon.com/about/
https://www.youtube.com/c/GeorgeGammon

Go to the Walk The World Universe at https://walktheworld.com.au/

Why Housing Affordability Is A Structural Issue

We discuss my submission to the current Housing Affordability inquiry which the Federal Government is running at the moment.

We have been tracking the ranks of inquiries into the housing market and housing affordability over this time-frame and note the considerable duplication of effort from the many inquiries which have been undertaken, but without real change.

The issue is clouded by self-interest, misdirection, and short-term political agendas. As a recent report put it “The scale of the housing market in the Australian economy and the diffuse, often disconnected, spread of policy powers that address different aspects of this system make the Parable of the Blind Men and the Elephant a perfect metaphor for our current predicament”

Access to housing should be regarded as a fundamental human right, not a commodity. Yet the reverse is the case.

https://digitalfinanceanalytics.com/blog/wp-content/uploads/2021/09/DFA-Housing-Affordabilty-Inquiry-Submission-2021.pdf

The housing affordability issue is a complex and politically charged one, with a convenient separation of accountabilities between States (mainly supply-side issues such as land release, planning and zoning and building standards) and Federal where initiatives such as Homebuilder, and additional first-time buyer incentives have featured alongside the tax settings. There is in fact little joined-up thinking.

Go to the Walk The World Universe at https://walktheworld.com.au/

It’s Fine Folks – Honest: The DFA Daily 22 Sept 2021

The latest edition of our finance and property news digest with a distinctively Australian flavour.

In today’s show we look at the latest from the markets, and consider in particular the torrent of assurances streaming from some of the biggest money managers in the world as they assume their investors, we are not facing a Lehman style collapse triggered by Evergrande. Or are they just talking their book? Meantime, a vaguely worded filing may suggest some bond holders have been placated.

Chinese shares fell less than feared Wednesday after a two-day holiday — bolstering global investor sentiment — amid plans for an interest payment by China Evergrande Group and signs of support from the country’s central bank.

Today’s post is brought to you by Ribbon Property Consultants.

If you are buying your home in Sydney’s contentious market, you do not need to stand alone. This is the time you need to have Edwin from Ribbon Property Consultants standing along side you.

Buying property, is both challenging and adversarial. The vendor has a professional on their side.

Emotions run high – price discovery and price transparency are hard to find – then there is the wasted time and financial investment you make.

Edwin understands your needs. So why not engage a licensed professional to stand alongside you. With RPC you know you have: experience, knowledge, and master negotiators, looking after your best interest.

Shoot Ribbon an email on info@ribbonproperty.com.au & use promo code: DFA-WTW/MARTIN to receive your 10% DISCOUNT OFFER.

Go to the Walk The World Universe at https://walktheworld.com.au/

DFA Live Q&A: HD Replay Robbie Barwick – It’s The Economy Stupid!

This is an edited version of our latest live event, as I discuss the latest political and economics news with Robbie Barwick National Research Director from the Citizens Party. https://citizensparty.org.au/

https://walktheworld.com.au/ .

Original live stream with chat replay is at https://youtu.be/6b49Kp6UlKE

FINAL REMINDER DFA Live 8pm Sydney Tonight – It’s The Economy Stupid!

Join us for a live Q&A as I discuss the latest political and economics news with Robbie Barwick National Research Director from the Citizens Party.

https://citizensparty.org.au/

You can ask a question live via YouTube.

Enter The September Swoon: The DFA Daily 21st Sept 2021

The latest edition of our finance and property news digest with a distinctively Australian flavour.

We look at the latest market developments, as China’s Evergrande, the world’s most indebted real estate company, is set to default when its next debt payments come due on Thursday. Welcome to the September Market Swoon!

Go to the Walk The World Universe at https://walktheworld.com.au/

Today’s post is brought to you by Ribbon Property Consultants.

If you are buying your home in Sydney’s contentious market, you do not need to stand alone. This is the time you need to have Edwin from Ribbon Property Consultants standing along side you.

Buying property, is both challenging and adversarial. The vendor has a professional on their side.

Emotions run high – price discovery and price transparency are hard to find – then there is the wasted time and financial investment you make.

Edwin understands your needs. So why not engage a licensed professional to stand alongside you. With RPC you know you have: experience, knowledge, and master negotiators, looking after your best interest.

Shoot Ribbon an email on info@ribbonproperty.com.au & use promo code: DFA-WTW/MARTIN to receive your 10% DISCOUNT OFFER.

Down The Rabbit Hole 6: Old Order, New Order…

https://youtu.be/p97jiEcXgbs

I am joined by my friend George for my philosophical Sunday show, as we discuss the nether regions of the economy, politics, and current social dynamics. Where are we headed, and who (if anyone) is pulling the strings? George has some strong views, some of which are at odds with some of mine, though there are areas where we are in heated agreement.

It is important to explore different stories. And thanks to George for helping out with the recording and editing.

This is the latest in our “Rabbit Hole” series. The others are:

Part 1 https://youtu.be/HRey3OqGVvA

Part 2 https://youtu.be/AyuUBhIPVRo
Part 3 https://youtu.be/qbVvkglLFzM
Part 4 https://youtu.be/chNkE1W1Slc

Part 5 https://youtu.be/1Gd1Rqd5gC8

Go to the Walk The World Universe at https://walktheworld.com.au/

Evergrande – Fragile Handle With Care – Market Update 18th Sep 2021

The latest edition of our finance and property news digest with a distinctively Australian flavour.

In today’s show we look at the latest market data, and focus in on the big questions around China Evergrande Group, as opinion is divided between those who think this could be a replay of Lehman Bros leading to a broader financial crisis, and those who think the CCP will ultimately save the day. It seems the international markets are not so worried, for now. But I would remind you September and October are witching months for financial crashes, and there is plenty of reasons to think this might be true in 2021. And meantime the FED has its own problems as it came to light that two Federal Reserve bank presidents had engaged in controversial stock trades. And then there is the failing iron ore price…

https://www.bloomberg.com/news/articles/2021-09-16/china-s-nightmare-evergrande-scenario-is-an-uncontrolled-crash

Go to the Walk The World Universe at https://walktheworld.com.au/