The ABCs of Economics and Finance, or How Not to Get Ripped Off


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Audio interview transcription — WBD044

First stop was iTunes, which lists a whopping 2, versions of Twinkle, Twinkle. So I had to hunt further back in history. I then discovered the first occasion when the melody was exploited as an advertising jingle. The song went on to become a classic Scottish folk song, and the sweet began to be remanufactured in by Dundee-based Ally Bally Bees Ltd. But again, no royalties from have ever been paid to our forgotten composer.

Australian Financial Review

Commercial exploitation of the melody was also taking place across the pond. In , Boston-based music publisher Charles Bradlee had the gall to copyright the song through an act of Congress. The lyrics he recorded were those of The Alphabet Song — as if the alphabet was copyrightable! He did give some credit on the melody to a composer called Louis Le Maire, who had conveniently died in There is no other evidence that Le Maire wrote the melody, but Bradlee prospered handsomely from his copyright stake.

There is no mystery around who wrote the English words to Twinkle, Twinkle. It was a year-old from Suffolk, England called Jane Taylor. In , she wrote a poem called The Star which was published in a book called Rhymes for the Nursery. There are actually five stanzas, which was a refreshing find, since the first one was getting tedious to have to sing it every night to my children.

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Jane Taylor, who died in , is unlikely to have seen any proceeds from her creation, and certainly had no idea of the millions of children she would end up delighting. One consolation for her, should she be smiling down from the firmament, is that Star Trek: Enterprise honoured her by naming a character after her. Continuing our journey to the source, we pause in , when Franz Liszt first performed a melody called Ah vous dirai-je, Maman.

Many people still believe that Mozart composed the tune. What is true is that Mozart wrote twelve variations on the theme, also called Ah vous dirai-je, Maman , some time between and , while he was staying in Paris. But Mozart was himself knocking off the melody from a song called Le Faux Pas , whose first line was "Ah! That ditty first appeared in , when Mozart was just six, in a collection of traditional French songs called Les Amusements d'une Heure et Demy , by M.

Nothing more is known of Mr Bouin. In no history of music, could I find any evidence to suggest that he composed the melody, nor of where he found it. The panpipe would have had all the necessary notes.


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In , a kindergarten principal called Patty Hill started singing the Happy Birthday tune to her class in Kentucky. It was called Good Morning to All then, and many have claimed the melody itself was knocked off another song, Happy Greetings to All , by Horace Waters. Either way, the song was so popular that Patty and her composer sister Mildred published it in a songbook called Song Stories for the Kindergarten. In , the melody was published for the first time to Happy Birthday lyrics, although no one knows who set it to those words first. Commercial exploitation grew, with the song appearing in the Broadway musical The Band Wagon and a Western Union telegram commercial.

She teamed up with a lawyer in , and secured the copyright on the song for her two sisters. Mildred was already dead by then. Jill would only have until to enjoy the proceeds of her creation before she too died, and both sisters had no children. Why is that fair? Bill Shorten always runs the language of wanting to go after those Australians who have worked hard, saved hard and done what they could to ensure they can look after their own needs in retirement.


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That is his track record, hitting them with higher tax. More than a million Australians who are self-funded retirees, many of them on pensions or part pensions will end up paying more tax… interrupted. This is the point, any pensioner or any self-funded retiree on a relatively modest income, who has invested in some shares, either directly or through their super fund will end up paying more tax under this policy… interrupted.

Any self-funded retiree who owns shares through their self-managed super fund will pay more tax… interrupted. They will not pay any tax, but they will not get a cash cheque back. What Bill Shorten is doing is bringing back double taxation for those Australians who are self-funded retirees, who are part pensioners, who have worked hard, saved hard all their life and put their money away and invested some of it in shares. In recognition of the fact that they have a low marginal tax rate or zero tax rate on the back of low income, they receive a refund of tax previously paid in the company that they part own.

That is an appropriate policy that was, as I say introduced with bipartisan support in the late 90s. Indeed Labor took it to the election in , somebody reminded me over the last 24 hours. This is just classic Shorten. He wants to spend money he has not got. He is going after one tax grab after the other. Increasing the tax burden in the economy will lead to less investment, less effort, lower growth, fewer jobs and lower wages.

Our plan in contrast, is all about strengthening growth , attracting more investment, generating stronger growth, more jobs and high wages. That is going to be the choice for the Australian people at the next election.

In many ways, it is a made-for-the-internet event. The political stakes are high, the dramatic story unspools tidbit by tidbit and the stark us-versus-them dynamics provide plenty of fodder for emotionally charged social media brawls. In each country, there is at least one political party or government agency using social media to shape public attitudes domestically.

Census Bureau. The last time a change in the metric was deemed statistically significant was when it grew from Send tips to Eli Okun and Garrett Ross at politicoplaybook politico. Jason Crow D-Colo. Kirsten Gillibrand D-N.

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Amtrak regional out of New York on Thursday. Ambassador to Germany Ric Grenell at a dinner with about 20 supporters of his global effort to decriminalize homosexuality at a private D. Michelle Lujan Grisham, Rep. Barbara Lee D-Calif.

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Debbie Wasserman Schultz D-Fla. Adriano Espaillat D-N. Ed Case D-Hawaii is 67 … former Rep. Peter Kostmayer D-Pa. Caitlyn Schneeweiss Ed Niles Saraid Donnelly Sam Raskin … Tim Traylor

The ABCs of Economics and Finance, or How Not to Get Ripped Off The ABCs of Economics and Finance, or How Not to Get Ripped Off
The ABCs of Economics and Finance, or How Not to Get Ripped Off The ABCs of Economics and Finance, or How Not to Get Ripped Off
The ABCs of Economics and Finance, or How Not to Get Ripped Off The ABCs of Economics and Finance, or How Not to Get Ripped Off
The ABCs of Economics and Finance, or How Not to Get Ripped Off The ABCs of Economics and Finance, or How Not to Get Ripped Off
The ABCs of Economics and Finance, or How Not to Get Ripped Off The ABCs of Economics and Finance, or How Not to Get Ripped Off
The ABCs of Economics and Finance, or How Not to Get Ripped Off The ABCs of Economics and Finance, or How Not to Get Ripped Off

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