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Are Australian Stock Markets Efficient Essay. Role Model Essays! The Efficient Market Hypothesis (EMH) was developed by Professor Eugene Fama at the University Of Chicago Graduate School Of Business. The basic concept of market efficiency is that a market is efficient when current prices are representative of latest research on wireless communication, all the information about a security which is available to model essays father, the public. He described an thesis writing, efficient market in his famous work, #8220;Efficient Capital Markets: A Review of Theory and Empirical Work#8221; as #8220;a market in which firms can make production-investment decisions, and investors can choose among the securities that represent ownership of firms#8217; activities under the role father, assumption that security prices at any time #8220;fully reflect#8221; all available information. A market in which prices always #8220;fully reflect#8221; available information is called #8220;efficient. In this essay, we attempt to analyze the Australian Stock Exchange in the context of the essay meaning, EMH and find out if it is efficient or not. The paper starts by role model, introducing the EMH and the Australian Stock Exchange and then identifying if the EMH is to copy corsica, applicable or not. The Efficient Market Hypothesis: The EMH states that constantly being ahead of the market and outperforming it by role essays father, employing information that is already common in the market is a fire essay, not possible, except if one counts sheer luck to role model father, be the determinant of this outcome. In the context of the dt coursework help, EMH, information refers to anything which can have an impact in prices, that is not and role model essays father can not be known in the present, but appears suddenly later on. One of the requirements of the EMH is that agents have rational expectations: agents#8217; expectations are correct on average, and expectations are upgraded to include any new, relevant information as soon as they get to know about it. This is different from the requirement that agents act rationally, this is about rational expectations.
Simply, EMH warrants that the reactions of investors to new information are random, instantaneous and essays about unbiased, and model essays father assume a normal distribution pattern, because of help, which the net impact on market prices can not be exploited to reap a massive profit, and role model essays father old information cannot be used to a fire essay, predict future changes in price. There exist three versions of the EMH, which are distinguished on the basis of the level of information available, and have different implications for the operations of the markets. They are: weak form efficiency, semi-strong form efficiency and role model father strong form efficiency. In weak-form efficiency, the current prices of assets are representative of the past information about price and volume. Essays About Rodeo! It is given the name of weak form because in such a market, the security prices are very easily available for public access, and are the best and most unbiased reflection of the value of the security. In this state of the market, the role, general implication is that it will not be possible for any one person to outperform the market since everyone is privy to the same information. However, proponents of weak form efficiency assert that fundamental analysis can be a useful resource to find out help, which stocks are under- and over-valued.
Yet, this does not deter financial analysts from father, studying the sequence of prices and trade volume information from the past to try and essay meaning generate excess returns. This research is known as technical analysis, and role model father the EMH pronounces it a useless method for foretelling future changes in essays price and thus, consistently producing profits. The semi strong form of EMH affirms that asset prices are reflective of father, all publicly available information. In this context, publicly available information is inclusive of not just historical price data, but also of information from the financial statements of the thesis writing, company, announcements and press releases, economic factors and other information. Here as well, the general implication is that it will not be possible for model, any one person to outperform the market since everyone knows the dt coursework help, same information. Essays Father! Additionally, changes in share prices occur within a very small time frame and in an unbiased way whenever new information is publicly available, hence, this information can not be used to essays to copy corsica, earn excess returns.
Unlike the weak-form EMH, advocates of semi strong EMH state that fundamental analysis will not be of model father, any use in attempting to generate profits as they will not facilitate the thesis writing, forecasting of future price changes. The strong form of EMH states that all information, public, private or even insider information, is instantaneously reflected in role essays father current share prices and hence, no one can use this information to earn abnormal returns. This means that insider trading will not be able to result in gains even if the essays corsica, information is for example, of a takeover which has been finalized mere minutes earlier. Role Model! To justify this, proponents of this form support their theory by essay meaning, stating that market#8217;s expectation of role model, future development lacks bias, and hence incorporates information into share price in a more objective manner than insiders. The EMH has advocates and thesis writing critics like.
Its proponents believe that markets can be efficient even if a large number of market participants are irrational and even is role, stock prices reflect a higher volatility level than can be attributed to corsica, factors such as earnings and dividends. Their belief in efficiency is strong simply because they #8220;view markets as amazingly successful devices for reflecting new information rapidly and, for the most part, accurately. Above all, we believe that financial markets are efficient because they don’t allow investors to earn above-average risk adjusted returns. Role Model! #8221; Critics however argue about the efficacy about the theory when according to thesis writing, them, there exist some obvious reasons for inefficiency such as the longer time frame that is required for diffusion of information than proposed by the EMH, and hence lack of instantaneous incorporation into essays share prices, the clout which some market participants have and employ, such as financial institutions and the inherent expertise of participants such as the sophisticated professional investors. The Australian Stock Exchange: The Australian Stock Exchange – commonly referred to as the ASX – is a publicly listed exchange formed in the year 1987. It was constituted through the amalgamation of six independent stock exchanges located in the state capitals of each of Australia’s states and is #8220;co-regulated#8221; by the Australian Securities and Investments Commission. The major stocks traded in ASX include BHP Billiton, Commonwealth bank of Australia, Telstra Corporation, Rio Tinto, National Australia Bank and Australia and essay meaning New Zealand banking group. These stocks are the role model, biggest vis-a-vis market capitalization in the ASX.
Figures at March 30, 2007 showed that there were 2014 stocks listed on the ASX, and total market capitalization was AU$1. 39 trillion. Efficiency and the ASX: When aggregate share price index data (from the period 1975-92) was used to thesis writing, conduct tests of both weak and semi-strong forms of the EMH for Australia, it was found that past returns did have predictive power for essays father, current returns, which is inconsistent with the weak EMH. However, the degree of thesis writing, predictability was low, the results were robust, but the correlation was stronger in daily data as compared to weekly and monthly returns, and was visibly lesser in role model the latter part of the sample period of this study. For testing semi-strong efficiency, the researcher used the techniques of cointegration and Granger causality.
Findings regarding cointegration were in essay meaning line with market efficiency as it was found that the indexes of Australia and New Zealand were not cointegrated, in scenarios of daily, weekly and monthly data. There was predictability of results, but similar to the test for model essays, weak form, the degree of this was small. Hence, according to this particular research, for thesis writing, the most part, future returns could not be gauged from past trends in stock prices. Another study attempted to role essays, ascertain whether stock prices for Australia were consistent with the EMH by finding out whether they could be characterized by a unit root. If they can be, then this means that returns of its stock market can not be predicted from previous changes in price, which satisfies the premise of the EMH. Help! Monthly data was used of the country#8217;s stock price index, ASX All Ordinaries, over the period 1964:06 to role model essays father, 2003:04. It was found that Australian stock prices were characterized by a unit root, which means that the efficient market hypothesis was very much applicable to this market, as returns could not be forecasted using data of previous price changes. A contribution to the empirical literature on market efficiency was made by Nicolaas Groenewold and Kuay Chin Kang when they tested the Australian share market for weak (which is a necessary condition for semi strong) and semi strong efficiency using data from the 1980s. They tested the latter using macro data such as inflation, the money stock, exchange rates etc as opposed to other studies which employed micro data such as company-specific announcements. None of the three tests of weak efficiency led to the rejection of the weak EMH and thesis writing therefore could not debar the semi strong tests.
Data was consistent with semi-strong efficiency and the researchers concluded that their results #8220;support market efficiency in the sense that lagged returns or lagged values of the unexpected values of explanatory variables have no significant joint explanatory power in regressions for role model essays father, share returns although an occasional individual term was significant. #8221; Another study used takeover bids as a source of information (since takeovers are frequent and significant events in Australia) and studied the adjustment of Australian share prices to this information source in the context of the EMH. A Level! Its data set consisted of model essays father, all 572 takeover bids for more than 50% of the outstanding ordinary shares of the offeree, which was an Australian listed company, made between 1 January 1966 and 31 December 1972, and weekly closing share prices for latest on wireless, all firms involved in successful and unsuccessful bids from role father, 1 January 1964 and 31 December 1974. Similar to the study mentioned above, it also found the Australian share market to be semi strong efficient as advocated by the pioneer of thesis writing, Eugene Fama, i. Role Father! e. , #8220;information made public during takeover negotiations is rapidly and essays rodeo without bias incorporated into share prices#8221;. A research paper which analyzed the validity of two classes of simple technical trading rules in the ASX used standard t-tests and role model essays father bootstrap methods on data from 1 January 1980 to 31 December 2002 also found that the ASX was #8220;informationally efficient#8221; and particularly in a fire essay the period after 1991, had become more efficient than in the period before. To ensure valid and stable results, tests were conducted on the full sample, as well as on four non-overlapping sub-samples which were representative of a different stage in the development of the Australian financial economy. The full sample showed some evidence of predictability but the sub-sample tests reflected a complete loss of predictive power of all technical rules examined, and especially so after 1991. Hence, this study concluded that the usefulness of technical trading rules as forecasting tools for the investor declined as the efficiency of the ASX increased in the latter part of the sample period.
Conclusion: The efficient market hypothesis has been hotly debated and a body of evidence has been developed that supports it. Yet, there is also ample research which explores situations and factors which render this a naive theoretical concept, with rare applicative value in today#8217;s complex financial world. However, most research on the Australian stock market has found that it is an efficient market where conditions for the EMH were tested and results showed the market to role model father, be consistent with weak form and semi strong efficiency. This has important implications for investors as well as financial managers as it shows that in most scenarios, stocks are fairly valued. University/College: University of California. Type of paper: Thesis/Dissertation Chapter.
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RACF release 2.6 lets you specify: ALU userid NOEXPIRED PASSWORD(password) so that the next time the user logs on, he or she doesn't have to a fire essay change the password. (The opposite of NOEXPIRED is of course EXPIRED.) This is useful for userids which don't represent current users, for example userids predefined for CICS terminals, RJE and model NJE userids, and userids which have just been converted from ACF2 or TopSecret. Note that NOEXPIRED is different from essays rodeo NOINTERVAL. NOINTERVAL says that the userid doesn't have to have its password changed every so many days. NOEXPIRED says that the user can logon without changing the password, even though someone else has reset the password. Father. You can use the FACILITY class rule described next to a level permit someone to use the NOEXPIRED operand without giving him or her SPECIAL or Group SPECIAL. Model Father. New Way to Let Your Helpdesk LISTUSER and latest papers communication ALU NOEXPIRED. Again as of RACF release 2.6, you can delegate these abilities by permitting someone to a FACILITY class rule named: IRR.LISTUSER. A user or group with READ or higher permission to this rule can issue the LISTUSER command for all userids EXCEPT those userids with SPECIAL, OPERATIONS, or AUDITOR. A user with UPDATE or higher permission to this rule can issue ALTUSER .. NOEXPIRED for any userid EXCEPT those with SPECIAL, OPERATIONS, or AUDITOR.
Here are the RACF commands to let the Helpdesk issue LU and ALU. NOEXPIRED for any userid without SPECIAL, OPERATIONS, or AUDITOR, and to let a userid GEORGE list any such userid: RDEF FACILITY IRR.LISTUSER UACC(NONE) OWNER(OWNERGRP). Role Model. PE IRR.LISTUSER CLASS(FACILITY) ACC(UPDATE) ID(HELPDESK) + PE IRR.LISTUSER CLASS(FACILITY) ACC(READ) ID(GEORGE) (Note that the RESET is to a level be used only on the first PERMIT command to this rule, since it clears the entire permit list of the rule before adding the new entry. This is to clear out the entry that permits the role, userid which created the rule to have ALTER access to thesis writing it. You don't need this if you have specified SETR NOADDCREATOR.) A Tip on How to Handle Lower Case Characters for the OMVS Segment. Roy McCollough passes this one on through the RACF list server: If you need to enter lower case characters in RACF commands (for example, to specify info for the OMVS segment), you can put single quotes around the data. The single quotes tell TSO not to translate the characters to upper case.
For example: 'keep this in lower case'. (To include a single quote in the information, enter three single quotes. For example: 'don'''t make this upper case'. Role Model Father. Check your TSO guides for more info. Thanks, Roy. ITSS Adds Features to RACF Password Cracker Program. Thesis Writing. For a few years now, Kurt Meiser and the other crack consultants at ITSS have given us a wonderful, free tool: their RACF password cracker program. Role Essays Father. This program let us see how many of the passwords in our installations were easily guessable. Essay Meaning. Using this program let us evaluate the quality of role model essays, passwords in our shop.
It also helped us to build a case to our management on the need for a training program to teach users how to make passwords easy to remember, but difficult to guess. Auditors have found this a wonderful tool for a fire essay generating easy audit findings. (Talk about model essays, a tool you should run yourself before the auditors do it to you!) This program was well designed to papers prevent abuse by unauthorized users. Essays. ITSS is a fire essay, about to role model upgrade this tool, adding these features: Removal of the restriction of latest on wireless communication, a maximum of 1,000 dictionary elements Selectivity of execution, for example, privileged userids, specific groups Additional report fields and a summary report An exhaustive guessing mechanism (brute force approach) Unhashing of hashed passwords if found Retrieval of clear text passwords from the TSB if found. The new version of the cracker program should be available 1Q1999. (We understand that it will be Y2K compliant.) It will no longer be free, but ITSS deserves to make a profit after giving us this free gift for so long. See Permanently Interesting Products later in this issue to contact ITSS. More Re-Structuring of RACF Software Industry. In addition to the industry changes described last issue, we have learned that ASPG has a new release of ERG, Easy RACF Query (which used to be called Essential Software Products). ASPG is also developing a multi-platform security administration and reporting tool. ASPG also has an agreement in place to continue supporting all current RA/2 customers for role essays the next couple of essay meaning, years. See Permanently Interesting Products for contact info.
See also other products under Interesting Product below. Fifteen Minute Project to Improve Your RACF Ask your JES system programmer for role essays father a list of all the latest, NJE and RJE connections into your computer, and the physical location of role model essays, each. Thesis Writing. Each of these represents a path into your system through which four things can enter: batch jobs to be executed, operator commands, printouts to be printed, and punched decks to model essays father be punched. Conduct your own risk assessment (for example, would we have a problem if someone at help, another site submitted a batch job or an operator command to execute on our system? What do we have to essays father protect against it (for example BATCHALLRACF)? How much can we trust the other site? Is it connected by a leased or dial-up line?) Where needed, use resource classes such as those described in essay meaning the Golf Shirt contest described on page 1, and consider using FACILITY class rules to force the sites to log on through RACF. Questions and Answers. Q I want to model father find out all the dataset rules to which USER02 has any permissions at all. How can I do this in RACF?
A This is easy. Use the latest papers communication, SEARCH command: SR USER(USER02) NOMASK CLASS(DATASET) (Yes, we know that the default for CLASS is DATASET, but we show it here, so that readers will be ready for the next question, which we have invented, just to make a point.) Please note that this command could affect system performance, since it results in a call to essays father RACF for every dataset rule in a fire essay the RACF database. Q I want to essays father find out all the FACILITY class rules to which USER02 has any permissions at all. How can I do this in dt coursework RACF? A This is easy. Use the SEARCH command: SR USER(USER02) NOMASK CLASS(FACILITY) Q I want to find out the dataset rules to role model father which USER02 has any permissions at latest research, all. However I only want to do this for dataset rules whose names start PROD.PAY and role model essays father which contain the characters JANFEB anywhere else in the name. Don't I need to put quote marks around the a level help, the PROD.PAYROLL, since in contains a period? By the way, I only want to list the role essays father, names of such dataset rules if they have WARNING turned on. A This is easy; and you must NOT put quote marks there. Dt Coursework. Use the SEARCH command: P SR USER(USER02) MASK(PROD.PAY JANFEB) WARNING.
NYRUG (New York RACF Users Group) and BWRUG (Baltimore/ Washington RUG) NEWS. NYRUG: At Our Next Meeting. Mark Nelson of model, IBM will speak on a topic which will be something like Secrets of the RACF Wizards: or How to Take Advantage of Under-Used and essay meaning Under-Appreciated RACF Facilities to Make Your Life as an Administrator Easier. If you want to learn tricks with the SEARCH command, and other ways to be cleverly lazy, then don't miss this goldmine of role model essays father, little known secret techniques. If time permits, Stu Henderson may describe how to prepare to use the Mainframe Firewall tool, a follow-on to his recent What Mainframers Need to Know and Do About TCP/IP. As always, we will have a question and answer session with some of the keenest RACF minds in the State to answer questions. Time: Wednesday, January 13, 1999 from 1PM until it's too late to go back to rodeo the office. Place: Bank of New York, 101 Barclay St (one block North of the World Trade Center), 10th Floor East Auditorium (Please check in with guards at lobby desk to get a pass.) BWRUG (Baltimore/Washington RUG): The BWRUG will not meet this quarter. Please mark your calenders for model essays April 15, 1999. We expect to have a presentation then on a level dt coursework help the new features of the latest release of RACF. Interesting Products Column.
We have not evaluated these, but think every RACF shop should know about them. MegaSolve Security Server Administrator provides these functions: super generic searches, CICS and TSO direct administration functions to role model father support decentralization (for example to let a CICS user reset passwords), an a fire essay, access simulator, extensive resource monitor, customizable reports and command generation, and a fully automated scheduler. The vendor states that SSA has numerous features not found in competing products. The SSA product has modular pricing to let you buy just what you need and want. For info, call toll-free (888) 798-4388. RtoR (Rexx to RACF) is a system programmers' toolkit loaded with frequently requested solutions.
RtoR lets you make quick work of specialized programming tasks which otherwise would need to be done in assembler language. RtoR can eliminate the need to code your own ICHEINTY macros. It also provides many TSO/ISF command extensions and displays. RtoR provides built-in levels of role model father, authority (scoping), limiting capabilities for example to a given department. For info, call Rosalie Eckhaus at essays rodeo, (407) 788- 6389. Father. Permanently Interesting Products Column. We have not evaluated these, but think every RACF shop should know about them. Essays Rodeo. ASPG's ERG (Easy RACF Query). Call Cathy Thompson at model father, (800) 662-6090 or email@example.com for more info.
MegaSolve's Security Server Administrator. Phone Bill Tomlinson at (818) 887-4994 for more info. CONSUL/RACF Call Brent Phillips at (800) 323-0880 for information. On the Internet: http://www.consul.com RACF Password Cracker Program, no longer free, but with more features than the free version (see related article earlier in this issue). Email Kurt Meiser at firstname.lastname@example.org or mail request to ITSS, 11 Phillips Road, Poughkeepsie, NY 12603 USA. RA/2. Call Mario Labita at Software Engineering of America at (516) 328-7000. ICU MVS Penetration Analysis Tool from Janus Associates.
Phone Rick Peterson at (301) 605-0507 for more info. RtoR from Open Software Technologies. Call Rosalie Eckhaus at a fire essay, (407) 788-6389 or http://www.open-softech.com/rtor.htm for info. TOOLKIT. Call Palace Guard Software (562) 491-4600 for more info.
Beta System's software for RACF administration. Role Father. Call (800) 777-9864 for more info. Vanguard's Administrator and Sysdata' RIOVISION. Call (714) 939-0377 for more info. Essay Meaning. SecurePass from role Proginet to link RACF with Windows NT security.
Call (516) 248-3366 for more info. HG RACF and latest papers on wireless communication Security Training 1998 Schedule: The Henderson Group offers its RACF and role essays computer security/audit seminars around the country and about on-site too. Essays Father. See the details below or call (301) 229-7187 for a free seminar catalog. RACF User Services (Key Phone Numbers / Addresses) Technical support hotline, Meetings, Free Newsletter subscription, Seminar Catalogs: Stu Henderson - (301) 229-7187 5702 Newington Rd, Bethesda, MD 20816 NYRUG Computer Security Policy Sharing Libary. Ms. Terry Shoback of Alliance Capital, 1345 Avenue of the Americas, New York, NY 10105, phone (212) 969-6461. (Call to get copies of latest research communication, other companies' policies for your review. Contribute your own company's policy for others to role essays father share.) RACF List Server on the Internet. To join, send E-mail to essay meaning the administrator for father the server. (Don't send it to the server itself or your request will be routed to every subscriber.) For example, if your name is thesis writing, John Smith and you want to subscribe, then send this E-mail: subscribe racf-l john smith. to the address: LISTSERV@uga.cc.uga.edu or LISTSERV@UGA.BITNET.
The reply will include directions on how to get info such as a list of all subscribers, an model essays, index to previous comments, and a command summary.
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exhibition essay Throughout the 1980s Hazel Hawke's voice struck a chord in the public ear. What she represented and the manner of role essays father her delivery was respected and accepted by bipartisan audiences. This has been sustained beyond her Lodge years and by 1995 one broadcaster, Neil Mitchell, flippantly though warmly, closed an interview with: 'You're a very popular person. Essay Meaning! Why don't we make you Governor General.'  When Hazel Hawke entered the Lodge in 1983 she resisted 'an engineered view'  of the role essays father, role. She claims to have had few expectations and was open-minded about what would be presented to her. From the essay meaning, beginning she did recognise it as a job, however, and looked toward where she felt she could make a difference and by implication where she felt her attitudes and values could be most relevant.  It was widely regarded that Hawke embraced a significantly heavy workload.  Throughout her years in the Lodge she undertook some 60 Patronages.  Her profile became so prevalent and essays father so regarded, that she was asked regularly by journalists and broadcasters as to her own political aspirations.
Hawke's speeches and writings reveal that she did not see things as naturally polarised, or black or white. Dt Coursework Help! She recognised that no one solution or answer was usually sufficient. Understanding came from probing and progressive thinking. Role Father! Cause, effect and panacea of social ills and issues were all considered accumulatively. Yet while this may have defined her approach to life and learning it did not preclude her from thesis writing, being prepared to speak out, to share opinion and to take a position in a declarative manner. She was ever mindful to not directly address government policy, though she was prepared to offer thoughts and ideas regarding certain matters of social justice with relation to women, indigenous Australia, immigration, the environment and the broad spectrum of the disadvantaged. Role Essays! All of thesis writing which were in some way on the government agenda in the 1980s. Much that she espoused was underlined by the principles of role model essays father a sense of latest papers on wireless fair mindedness and equivalence in society and role essays father the importance of having choice: ' Let us look forward to a future where there is real equal opportunity for a fire essay, women, where women may realistically choose - and I emphasise choose, not 'feel obliged' - to role, participate together with men in essay meaning all walks of life, contributing talents for the benefit of all Australian society.'  And, on another occasion: 'I have no doubts about our responsibility. Father! The quality of our whole society is enhanced if all its parts are healthy and viable, so we could even choose to look at it in terms of self-interest that we work towards and essay meaning contribute to a better life for everyone.'  'No society functions properly unless everyone is able to live his or her life without constant fear, frustration or trauma.' 
Fair mindedness had been fundamental in Hawke's upbringing and, if it had needed re-energising, this would have occurred during her time with the Brotherhood of model St Laurence followed by her formal studies in Welfare.  Furthermore, she was a product of her own life's experiences as a wife and mother re-evaluating her worth and existence against thesis writing a backdrop of burgeoning feminism in the 1970s. All of this had helped hone Hazel's values and opinions, which in role model turn helped her shape the position of 'Prime Ministerial Wife'. The women's movement had many guises in Australia in a fire essay the 1970s. Though not a member Hazel Hawke welcomed the impact of the Women's Electoral Lobby  and the resources to be found in self initiated 'sisterhoods or boilerhood as she referred to them. For many in Australia the role model father, impact of rodeo community networks proved critical not only for women but for varied groups trying to mobilise change or recognition. The parallel rise of role model political poster collectives in Australia in the 1970s played a critical role in essay meaning illustrating the voices calling for change and recognition. Posters provided a means that helped to essays, ignite and shape conscience and ideals. Some emanated from essay meaning, disaffected artists wanting to make visible their stand, while clients for national campaigns or community advertising commissioned others. Hawke's informed interest in model essays father the humanist and social themes of life, and her willingness or desire to make these central to her role in the Lodge meant that through her voice she can be seen to have had something in research papers common with the bold and impassioned messages and imagery emblazoned on essays father art posters across the country. In an exhibition tracing the history of poster art in Australia Roger Butler wrote: 'Artists (or art workers) active since the 1960s also have the belief that art has a social purpose….Through their posters they seek to communicate knowledge about to copy, contemporary society and its structure, and to role essays father, suggest ways in which it might be improved.'  And former Collective Member and researcher Julia Church observed: 'Community-based organisations have carried new ideas across Australia, introducing concepts like disarmament, human rights, aboriginal land rights, feminism and gay rights into on wireless communication the vernacular.
Cooperative presses have acted as a mouth-piece for these issues and they have been vital to the development of Australian literature and art, publishing the work of role father experimental writers and artists when commercial printers and publishing houses refused to rodeo, do so. The presses have championed the right of role model people to shape their world.'  The poster medium and the some times covert nature of its production afforded the artists greater freedoms in their use of language, imagery and ideology. Corsica! By their very nature posters were designed and produced to startle. The predominant use of fluorescent colour or the red, black and yellow derived from the Aboriginal flag, was combined with provocative and sometimes witty annotations or cartoon style imagery. The posters in this exhibition have been selected in part for artistic inventiveness, stridency of their commentary or for their relevance to matters of public debate. The rise of Hazel Hawke's public voice and her relationship with the media. When Hazel Hawke joined Bob Hawke on the dais upon the election of the Australian Labor Party on the 5 March 1983, there had been only minor indication that she would become a media savvy and influential advocate for role, critical issues facing Australia in the ensuing decade. Previously, it had been her shunning of the media that had been well documented, which on occasion, given the essays about, absence of her public voice seemed to be confused with an inability to have a public voice. As Bob Hawke's profile strengthened during the tumultuous years at the ACTU in the late 1970s, the decision as to whether he would stand for the Federal Seat of Wills was analysed in the media.
Hazel Hawke was repeatedly referred to as intelligent and media-shy. She had herself written to the Melbourne Age in 1977 seeking respect for the privacy of the families of politicians and public figures, which in action, despite its plea does not suggest someone shy of role media. It was not surprising that when Bob Hawke did decide to essay meaning, run for the Federal Seat of Wills in 1979 and the press 'leap frogged' him into the Prime Ministership, the focus on Hazel was how she would publicly handle this role. Role Essays Father! The question was asked of Bob before it was asked of Hazel. 'It's clear that Hazel - how shall I put it? doesn't have social pretensions. She derives her pleasures in a fire essay very normal sort of way. Essays Father! But if that position ever arose I'm sure she'd discharge whatever responsibilities went with it. And she'd do it in a very, very unostentatious way.'  At times journalist seemed bemused in their speculations: 'She wears earrings proclaiming No Dams counts feminist activists amongst her closest friends, meditates - and eats brown rice. On some subjects her views are more radical than those held by women half her age.' 
With regard to about rodeo, any misconceptions about her ability versus her will in essays the public role, Hazel herself made telling remarks some five years later in 1987 in an interview with ABC journalist Geraldine Doogue. Common to many assessments of Hazel by that time Doogue began by commenting on Hazel's 'growth' in the job. She responded, 'I assiduously avoided being a public figure but I didn't feel overawed.'  Her occasional frosty handling of the media was respected. 'She answers the essay meaning, first two questions but then asks if the interview is about her or her husband. Her disdain shows that timidity will not be tolerated.'  Her stoicism in the face of drug use within her own family and her choice to confront it publicly through the role father, media was widely praised. 'Although the thesis writing, pressure must have been tremendous, Mrs Hazel Hawke made the disclosure with dignity and composure, proving again, if proof were needed, that she is one of the heroic survivors of our time.'  As the decade progressed she became what would now be termed a media darling. Hawke was invited and accepted to guest host the popular commercial program, The Midday Show, guest host the role essays father, Michael Schulberger radio broadcast in Melbourne and write her own column for latest papers on wireless communication, the Sydney Telegraph newspaper. Media engagements that would have been unprecedented from residents of the Lodge.
However, the earliest and most critical turning point in how she grasped the model father, job and essays corsica how she was received in it came with her formidable presentation to the National Press Club on the occasion of Australia Day 1984. It was this occasion (another first for a wife of a Prime Minister) that made many take note and in which she set the agenda for the issues that she was to address repeatedly and unwaveringly during her term in model essays father the Lodge in Canberra.  A turning point: The National Press Club Address, Australia Day 1984. In response to a brief, the 1984 National Press Club speech is roaming in nature, moving between observations of research communication life at the Lodge, revelations about her own her personal negotiations of role model essays father being a wife and corsica mother, and her view of politics and role essays society. Critically, she singled out three issues on which she expanded; Welfare, Women, Aboriginal Women. Dt Coursework! She outlined 'the four powers' of relationship, resources, information and father decision-making as being crucial for a fire essay, positive and creative living, so defined by the Action and model essays Resource Centre at essay meaning the Brotherhood. Powers from which she considered 'as a group women have in varying degrees been excluded'.
In the Press Club Address Hawke's comments on welfare are in essence didactic, perhaps as a residue of her recent academic studies, but there is no question to the conviction of her words: 'From the process of rehabilitation or learning to cope with and improve one's position of disadvantage, whether its physical or psychological or material, one must feel a participant and role essays not that it is being done to a level, one or for one by others. This gives a positive feeling of some power and control in ones own life.'  In an earlier speech on The Spirit of Volunteerism  the seeds of role model essays father this had been evident. She spoke of the confidence building virtue of volunteer work and its contribution to self-esteem. In her own experience voluntary work with the Brotherhood of St Laurence had led her to paid work and to thesis writing, higher study. She returned to these ideas in numerous subsequent speeches. She advocated welfare as a global responsibility and essays father linked it with the inestimable value of self-esteem, seeing this as the key to the improvement of one's position of disadvantage. From this premise Hawke frequently extrapolated to speeches on women, children, Aborigines and migrants. In 1983 at thesis writing the launch of a Seminar on Children's' Week Hawke stated: 'You will grow into added responsibility if your commitment and self- esteem are intact.
Self esteem is important … there's nothing more debilitating for children than a mother who folds up or who becomes a martyr in the business of essays father mothering.'  In the Press Club Address she welcomed the essay meaning, Sex Discrimination Bill of 1984 while suggesting that in the longer term it would be preferable if such legislation weren't necessary. 'Of course there's been much progress since grandma's day, it seems to me though that real flexibility and choice will only come when the whole of society is comfortable with the attitudinal change which is necessary, and until that occurs, some battles are won and some are lost, but the war continues.'  In 1988 on role the day after the fourth anniversary of the Sex Discrimination Act, Hawke in an interview with Jane Singleton reiterated the sentiment of that day, 'Can't change attitudes with legislation but can give them a kick along.'  Hazel Hawke was never fearful of an opportunity to address the status of women. Although she was later to describe it as 'entering the lion's den' in 1985 she addressed in Melbourne the Column Club on thesis writing Women and Advertising. She was present for the launch of role father Fair Exposure, the Government Publication from the newly formed Office of the Status of Women and she spoke of women and employment at the launch of From Margin to to copy corsica, Mainstream Conference Speech.
Interestingly in this speech Hazel Hawke quoted Charlotte Pekins Gilman who in model 1923 had written; 'Work is human. It is not feminine, though women began it. It is not masculine though men have taken it. But because men have kept women out of essay meaning it for role model essays, so long it has shared in the disadvantage of excessive masculinity.' On Aboriginal Australia Hazel Hawke was arguably at her most impassioned and unrelenting. She did not mince words or beliefs with regard to the impoverished status of many in Aboriginal society and the impending conundrum of the Bicentennial in Australia. In the Press Club Australia Day speech: 'Today we celebrate the a fire essay, coming of non-aborigines to Australia - invaders is I suppose the stringent word.'  Earlier she spoke at greater length: 'Its tragic to see the ramifications of the overlay of our white law. This includes of course the way we have legislated one of the most significant elements in their lives, the land in which they live away from role essays, their use.
And therefore threatened their material survival and their spiritual fulfilment.'  And, 'I hope very much that by 1988 when we celebrate the thesis writing, 200th anniversary of white occupancy of model Australia, we relative newcomers will have developed a greater understanding of the historical process which has interfered with a viable, strong culture and therefore have a more sensitive and informed set of attitudes instead of a fire essay a knee jerk emotional reaction to a dilemma in the too hard basket.'  Community Initiative and the Poster Collectives in Australia. On many occasions Hazel Hawke spoke of the community as a 'very nourishing thing'. She saw and valued the way groups could tackle life's day to day issues and make a difference. Poster art in the 1970s and into the 1980s was borne of similar imperatives and idealism. Members of cooperatives and collectives banded together, practically to share resources and role model conceptually to share ideologies.
The poster as an to copy art form in this period owed a debt to model essays, the 1960s where 'technological advances made mass communications more accessible. People now had the means to spread news, ideas and information that the commercial media would not broadcast or print.'  Throughout the thesis writing, 1970s this created an environment for change. Community newspapers, broadcasting stations, cartoons and posters cooperatives flourished. The cooperative model for presses and print workshops emerged not only for role essays, resource reasons but also as a means to promote skills to others. It was predominantly art school graduates who gravitated to the presses. 'Co-operative presses became focal points for the exchange of not only the printed matter but of technical, organisational and social skills.' It was democratically conceived and intentionally non-hierarchical although Julia Church has reflected: 'Our expectations were very high, assuming we all showed an equal level of assertiveness, competence and honesty.
And sometimes our youth and thesis writing inexperience caused us to sacrifice individual sensitivities for role model essays, what was seen to be the greater need of the collective, the community or the funding body.  The evolution of poster collectives was organic. There was cross fertilisation of artists and presses. A number of individuals moved between or helped establish different workshops in thesis writing and across the model, states. A Level Dt Coursework Help! The early established Earthworks Collective of Sydney greatly influenced a number of presses in role model father Victoria and the Progressive Art Movement of South Australia has been linked to the establishment of essays rodeo Canberra's Megalo and ACME Print through the transfer of model essays individuals. The collectives were not confined only to major cities. Many regional centres such as Wollongong and Warnambool proved productive and about influential. In Fremantle Praxis seeded the Poster Workshop and hosted several political poster exhibitions some of which were on a touring circuit of alternative art spaces.  The Earthworks Collective became increasingly more political and specific in their agendas - Aboriginal land rights, gay and lesbian rights, the women's movement, anti-nuclear stance, the environment and model father unemployment. Earthworks Poster Collective 'reflected social concerns of the time ' and essays their posters are often inscribed with slogans such as 'Earthworks for the Good of the Community' and 'Another Social Reality by Earthworks Poster Collective'.
Roger Butler further outlines the imperative and immediacy that often drove the production of posters underlining their social and political intent describing the frequently underground nature of the essays father, activity: 'Pasted up at night around Sydney, these posters helped politicise a generation.'  The poster collective pervasion was a product of a period and mobilised by social and essays political circumstance. By the Bi-Cententary in 1988 Julie Ewington in model essays an essay for the significant Adelaide Festival exhibition Right Here, Right Now Australia 1988 was able to evaluate the importance of the activity of collectives and poster art in the previous fifteen years: 'Works in this exhibition contribute to the increasingly rich stocks of essays corsica divergent imageries in contemporary Australian life, using both older and more recent cultural stocks in Australia, whether iconographic, emotional or political. But there is a special history which brought printmakers to their current degree of sophistication, which, as it were, prepared them for the demands of this Bicentennial year.'  The scope and profile of poster art diminished as the 1980s progressed although some dedicated artists maintain their preferred print medium in their practice. Role Model! Campaigns and artist driven messages are still abundant in the free post cards found in cafes across the country and sometimes on billboards. Essays To Copy! Others have claimed that a subliminal artistic influence has occurred in graphic design, film, videos and books as previous poster artists take up roles in art direction and production management. With the benefit of hindsight it is possible to consider poster art as quite a raw and role essays coarse form of essays corsica political art, although this does not necessarily dilute its effectiveness, purpose or artistic worth and what it may have spurned.
It is also possible to reflect that Hazel Hawke's relationship with the media and her attitude to her role was similarly formative, beginning tentatively and flourishing in a way that the Labor Party itself realised it exceeded expectations or understanding. A different benchmark was set. When asked in role model father 1994 about a level dt coursework help, what might be a successful life or how would a successful life be measured Hawke claimed that she 'couldn't make a statement about that ' considering it too complex and then in her customary way scrolled through apparent opposites- positives, sadness's, difficulties, opportunities for growth. She claimed the worst thing is to be 'stuck' . Her sentiments that the most modest shift can bring change was reiterated. Ten years earlier after the delivery of her 1984 National Press Club address when asked whether she saw herself as a family woman or career woman, she answered to considerable applause 'I don't classify myself'.  This is why one of the role, most profound effects Hazel Hawke had as a persona in the 1980s was that she led by example and offered a seemingly successful model for women who had previously felt alienated or denied by the women's movement.
She was not an extremist but a person of a fire essay substantial open views while managing to role model essays father, maintain and celebrate her status as a mother, wife, grandmother. On a personal level it could be suggested that the role in the Lodge came to Hazel Hawke at an optimum time for her to be able to embrace it and bring to bear upon it an energy and hitherto unrealised potential. There was a coincidental synergy with the spirit of the times. There was a bearing of the soul of thesis writing Australia itself as it came to terms with a hollow celebration and role model essays a maturing of its place on the world stage. A Fire Essay! Whilst being undeniably giving in the role Hawke often acknowledged that she would not be so keen were it forever…she welcomed it as a phase only. Most revealing is the extent that issues discussed and which fuelled and were pictorialised by the poster makers then, remain relevant today, though the dialogue of today is possibly more controlled, cautious and classified for essays father, and by a fire essay the media. Without Classification enables us to reflect upon this and to revisit the impact of Hazel Hawke as a significant voice of the 1980s and as a representative in the Lodge who refused to role model, be 'engineered or classified'. Latest Research Papers Communication! The extent of role her impact is yet to be fully measured and perhaps can only be in the context of consideration of many residents of the Lodge and comparative times in Australian history. Perhaps this is immeasurable, something that is implausible to quantify. Empirically, there seems a pattern of individuals for certain times and Hazel Hawke coincided with a time of considerable social growth in Australia. Notably she was cognisant of this and up to essay meaning, it.
From almost diametrically opposite points in the social spectrum of Australia - Hazel Hawke in the Lodge and the Poster Collectives dotted around the role model father, country in thesis writing makeshift or recycled premises - each mediated distinct rites of role model essays father passage in the freedom of speech and expansion of ideas for a generation of Australians.
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