Sunday 26-04-2026 12:53am

One of the best rollout attending this morning's Murrurundi Dawn Service estimated at 230. The main service and parade is scheduled for 11:00.

Europe: less bluster, more action

Secretary of War Pete Hegseth bashes Europe as "free riders" and tells them to stop having "fancy conferences" and "get in a boat" to help open the Strait of Hormuz. "Our blockade is only growing and going global, and as the president said, we have all the time in the world." The time of Europe and Asia "free-riding" off America's protection is over, Pete Hegseth declared. "America and the free world deserve allies who are capable, who are loyal and who understand that being an ally is not a one way street, it is a two-way street," the US Defence Secretary said. "We are not counting on Europe but they need the Strait of Hormuz much more than we do and might want to do less talking and have less fancy conferences in Europe and get in a boat. This is much more their fight than ours".


 SPORT:

Gratitude for how bloody lucky we are

Melbourne was never in any doubt defeating Richmond 126-72 and in the NRL the Broncos rolled over the Bulldogs 32-12 while the cowboys were too slick for the Sharks 46-34. But today … [click to read more]

Will Swanton in the Oz reckons there’s something deeply profound about The Ode and the stillness of the Last Post and the intense silence preceding the bugler’s first toots of The Rouse and the formality and decency of the soldier’s uniforms and the revelrous Australian flags in the grandstands and the confronting, haunting truth of the sacrifices made to allow us the freedom of watching a game of footy on Anzac Day.

My friends, this is one of the great days.

Sobering. Spine-tingling. Respectful. Celebratory.

It’s commemoration and community. Achingly impactful.

The breathless AFL blockbuster between Collingwood and Essendon at the MCG; a furious NRL engagement between the Dragons and Roosters at Allianz Stadium. The best day of Aussies Rules and rugby league outside their grand finals.

There’s the fathomless, funereal noiselesslessness before kick-offs.

The riderless horses. The romp-a-pomp-pomp of marching bands. Someone will play Waltzing Matilda.

The parades of young cadets, brave youthful souls stepping into the great unknowns of military service. We'll reflect. Tip our hats. Salute the fallen and their families.

Attempt to comprehend the losses of these human lives. The enormity of the personal costs. There will be goosebumps. Throat-lumps.

National pride for those who've fought the good fight. Gratitude for how bloody lucky we are. Australia ain't perfect but mate, there’s worse places to be.


 STOCKMARKET:

Stocks high but Trump down

The S&P 500 and Nasdaq closed at record highs on Friday, bolstered by optimism for possible negotiations between the U.S. and Iran to end their war and a surge in Intel shares that extended the rally in semiconductor stocks, Reuters updated on today's website. [click to continue reading]

Pakistani government sources said Iran’s foreign minister, Abbas Araqchi, was expected in the Pakistani capital, Islamabad, on Friday to discuss proposals for restarting peace talks.

In addition, White House Press Secretary Karoline Leavitt said in an interview with Fox News that President Donald Trump’s special envoy Steve Witkoff and son-in-law Jared Kushner will travel to Islamabad on Saturday morning for talks with Iran mediated by Pakistan.

Markets had rallied in recent weeks on hopes that a resolution to the Iran war was on the horizon, along with expectations of strong corporate earnings, but gains have been tempered this week as optimism for a peace deal dimmed, with the Strait of Hormuz remaining shuttered.

The Iran thing feels kind of tenuous, we've had a lot of back and forth. I assume that will continue, but for now, some rays of sunlight, said Jed Ellerbroek, portfolio manager at Argent Capital Management in St. Louis, Missouri.

The Dow Jones Industrial Average fell 79.61 points, or 0.16%, to 49,230.71, the S&P 500 gained 56.68 points, or 0.80%, to 7,165.08 and the Nasdaq Composite gained 398.09 points, or 1.63%, to 24,836.60.

For the week, the S&P 500 gained 0.55%, the Nasdaq rose 1.5%, and the Dow fell 0.44%.

Semiconductors, one of the market’s strongest performers on the year, continued to rally. The Philadelphia SE Semiconductor Index advanced 4.32% to extend its record run of gains to 18 consecutive sessions.

Intel surged 23.65% to close at a record $82.57 and was the best performer on the benchmark S&P index, following a better-than-expected revenue forecast for the second quarter.

All the doubts and fears about the (return on investment) on the AI CapEx from the big tech companies — Amazon and Google and Microsoft and Meta, — those concerns are fading real fast, and that’s propelling the chip stocks and the contractors and all the industrial companies, said Ellerbroek.

Fellow chipmakers AMD and Arm both shot higher by about 14%. Megacap Nvidia climbed 4.32% and also closed at a record as it neared the $5 trillion market valuation again.

The S&P 500 technology index rose 2.46% and was the best-performing of the 11 major S&P sectors. Tech stocks also managed to shrug off DeepSeek’s preview of its highly awaited new model.

The S&P 500 and the Nasdaq recorded a fourth consecutive week of gains, their longest streak since the fourth quarter of 2024. The Dow, however, snapped a three-week run higher.

Attention is also shifting to the Federal Reserve meeting next week, which will be scrutinized for clues on rate cuts and the central bank’s leadership succession.

The U.S. Justice Department is closing its investigation into Fed Chair Jerome Powell, clearing an obstacle to the confirmation of Kevin Warsh, Trump’s pick to lead the central bank.

Markets were pricing in a roughly 39% chance for a cut of at least 25 basis points at the Fed’s December meeting, according to CME’s FedWatch Tool, up from about 23% in the prior session.

A strong start to earnings season has helped buttress stocks against volatile Iran news. Earnings growth expectations for the first quarter now stand at 16.1%, according to LSEG data, up from 14.4% at the start of April.

Advancing issues outnumbered decliners by a 1.47-to-1 ratio on the NYSE and by a 1.38-to-1 ratio on the Nasdaq.

The S&P 500 posted 34 new 52-week highs and 8 new lows while the Nasdaq Composite recorded 126 new highs and 90 new lows.

Volume on U.S. exchanges was 17.81 billion shares, compared with the 18.39 billion average for the full session over the last 20 trading days.


 NEWS:

💰 Capital gains
tax faces
culling

The 50% capital gains tax discount would be axed in favour of inflation indexation on new investments across every asset class but current investors would be protected by partial grandfathering, under a budget tax overhaul the Albanese government is close to finalising, reports The Australian today's website. [click to read more]

Labor’s expenditure review committee is making its final deliberations on key budget decisions which are likely to include negative gearing changes. But instead of considering caps on the number of properties allowed, the focus is now on full removal of the tax break on existing properties, inclusive of grandfathering.

Firming up the two key tax policies is essential for Jim Chalmers and Anthony Albanese in selling the May 12 budget as a win for intergenerational equality, tax reform, lifting productivity growth, boosting housing supply and realigning the treatment of capital with income.

A senior source close to the detailed deliberations said the concessional grandfathering of CGT across all assets could help the government deal with the fallout of removing such tax breaks.

Property lobby groups and investors have warned that the move could hurt investment, house or share prices and force behavioural changes such as premature selling.

Major windfalls in the budget are expected from higher commodity tax revenues driven by the Middle East conflict, with key data on Friday showing that the budget was already $17bln better off. With such a revenue boost that would help the government grandfather the tax changes.

A Treasurer’s office spokesman said no decisions on the budget had been finalised but The Australian understands inflation-linked indexation would be applied for all assets from budget night with some partial exemption for older assets.

Under an inflation-indexation model, the capital gain on an asset is adjusted down for inflation and the remainder is then taxed. Economists have differing views on the use of such a method for calculating capital gains tax. E61 senior research manager Matt Nolan said: A return to indexation of capital gains would be a fairer way to compensate households for the effects of inflation than the current discount. Importantly, it opens the door to future, broader reforms to stop the taxation of inflation.

Some property investors fear that, given inflation over the past 30 years has run at about 3% a year, while house prices in major cities have grown by up to 8% annually, that would equate to less than a 40% discount in year one, not the present 50%.

However in some years, such as this year, inflation could well be higher than the growth in an asset and therefore providing a much bigger discount in that year than the 50%.

Among housing investors between 2008 and 2025, those with low returns made at least a 1.6% real loss while those with high returns made over a 5% real gain, Mr Nolan said.

Such a spread implies individuals would need very different discounts to account for inflation costs, something that the 50% discount and many of the proposed reform options fail to account for.

An indexation-based system would improve the treatment of capital gains. By taking into account the unique circumstances of the investor, indexation is a fairer and less distortionary way of taxing capital gains.

Some economists insist that whatever the change to the CGT it should be part of a package including changes to negative gearing. Westpac chief economist and former Reserve Bank assistant governor Luci Ellis said: The issue is not negative gearing on its own but the way it interacts with concessional tax on capital gains.

On Friday, Ms Ellis presented a version of how the indexation CGT could work. One could consider the simplified version we suggested in 2023, where the adjustment is 2.5% per year the asset is held ∼ the midpoint of the RBA’s inflation target ∼ regardless of actual inflation over the holding period.

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 LOCAL CHATTER:

No Kevin, No Bram, just John and a demounted Dell representing the Light Horse, at the dawn service which will be followed by a parade down Mayne Street at 11:00 this morning. Events are on at the Bowling Club while the local oval is running hot with dogs chasing sheep. Willowtree and Wallabadah sheep dogs trials are postponed for various reasons.
♦♦♦♦
Tomorrow is market day in town. The markets will also be on May 31 along with the Big Morning Tea. Stallholders will then have a respite for June and July (too bloody cold) restarting in August.
♦♦♦♦
Don't forget— double demerits over the long weekend.

 NEWS:

📚 Need to
remind kids
of history

Education Minister Jason Clare warns young Australians are forgetting their history and the fight against fascism as he blasts neo-Nazis on the streets, the Daily Telegraph newspaper today reports.

Mr Clare made the passionate remarks to a group of top history students in a speech on March 24, renewing his calls to cement Australian values in the curriculum.

On Anzac Day we say, 'Lest we forget', Mr Clare told the Simpson Prize history students at a ceremony in Canberra.

I worry that we have forgotten. Not you — but some have. [click to read more]

How else do you explain people walking down the street pretending to be Adolf Hitler?

Mr Clare said he worried the generation of students did not have the strong influence of relatives, like both his grandfathers who fought in World War II, to explain the sacrifices they made to build the Australia we cherish today.

When I see images of people dressed up like neo-Nazis walking in the streets of Australia, I think to myself — that would never have happened when I was a kid, he said.

Mr Clare said without relatives to remind them, updates to the curriculum were crucial for Australian students.

It is so important that we understand history, because the values we take for granted as Australians come from it, he said.

That’s why we're doing a big piece of work around the curriculum — to better recognise, teach and cherish Australian values, grounded in this history.

Two of the top students in the audience, Rhylan Walters, 16, from Tasmania, and Bethany Raine, 15, from Melbourne, (pictured above) agreed more could be done to improve students' understanding of Australian history.

Rhylan said he hoped Australian students would learn more about individual stories, rather than the big events, to better relate to Australia’s history.

In the classroom we learn the key events, timelines and major outcomes that helped build Australia today, he said.

But it’s more focused on the big picture, rather than the individual experiences.

Individual experiences help us connect and understand how traumatic those experiences were and the impact it had on each individual which shaped the country.

Bethany said she feared Australians had forgotten about the sacrifices men and women made in war.

History such an important subject because there’s people walking around heiling Hitler and spreading anti-Semitism, Bethany said.

“It’s crazy to see people are actually doing that.

“Maybe they don't know what it is, maybe they didn't have enough history education at school to truly understand.

We need to better educate and make sure students actually understand, not just nod along.





A once-famous ‘lady in black’ ushers shoppers into a David Jones sale. Pic: Dean Martin.

🖕 Shoppers
mourn the
demise of
women in black

All the panicking David Jones bean counters, analysts and private equity prats can officially call time on their hand-wringing. Any idiot ∼ and certainly any customer ∼ can tell you why we are witnessing the tragic death spiral of Australia’s once great lady of retail reports the news.com.au website today. [click to read more]

It’s not the cost of living. And it’s not the tough retail market. And it’s not the steady march of consumers fleeing in favour of online shopping. Or at least it’s not really (or just) these things — and we know it’s not because some bricks and mortar retailers have never been more popular.

Whoever is running this herringbone hellscape can dress the windows with overpriced aspirational apparel as much as they like but the truth is that today’s David Jones is rotten on the inside.

They can reorient the escalators, adjust the lighting, polish the floors and try every trick sold at an unattended Hail Mary cosmetic counter but no amount of surface concealer can hide the pox that has poisoned Australia’s premier department store.

In happier times, David Jones was an oasis of style and charm. It was the object lesson in old fashioned etiquette and deportment, an exemplar of certain principles that were as timeless as they were true and which boil down to this: the most beautiful girl in the world will never be queen if she’s mean.

And make no mistake. The David Jones of 2026, despite all that glitters, is downright mean. It’s also desperately unpopular as a result, if its sales figures are anything to go by. But the uglies moved in long ago — you can date the whole steaming dropped pie to the ill-fated day they decided to decentralise customer service.

Just last week, I ducked in after work hoping to replace a MAC lip pencil I lost at a wedding the previous Saturday night during a spirited retro spin to Murder on the Dance Floor. With the song still bouncing in my mind, I looked around David Jones and realised I was looking at murder on the ground floor instead.

Back in its decades-long heyday, David Jones' customer service was rightly legendary. A visit to David Jones when I was a kid and into my 20s was almost like visiting a venerable public institution, so esteemed was the store. It was so effortlessly elegant in a way few things were anymore, an elegance that elevated everyone who entered its hallowed halls.

And the fatal misunderstanding of all these money men who have jointly signed David Jones' death warrant in this long winter of discontent seems to stem from what was once its greatest asset other than the impressive downtown real estate holdings: the women in black.

Perhaps by their very professionalism, discretion and valour, they remained a little unseen. Perhaps, in their modesty, their critical importance was missed. Because for the millions of Australians of multiple generations who remember our beloved David Jones stores the way they once were, we know the truth: it’s the women in black who themselves must now be mourned.

These smooth, black-clad professionals manned their departments with military precision, impeccable manners and a deep knowledge of every item for sale on their watch.

They knew the range of products ∼ whatever the brand ∼ inside out. They would gracefully, swiftly cross the floor to render assistance. They would listen carefully, with an almost forensic acuity, then guide you with skill across the vast array of apparel to deliver you with precision to the very thing you were looking for, sometimes without even knowing it, your satisfied purchase a foregone conclusion. They moved at a pace set to a speed that was soothing instead of unseemly, in which the customer was propelled but never pushed.

Really, they practised an art form of sorts. They were body artists, moving in space through David Jones stores across the country in a way that suggested they weren't simply in the place but were of it, entirely inseparable from their retail church and its true believers.

Well, they've been separated from it now, that’s for sure. Or bluntly severed, I should say, like a decapitated head leaving a body as heavily and suddenly as an apple falling from a tree.

Who are these women now, who dare to wear the signature black? These sour impostors, masquerading as women in black but the poorest possible imitation of them. An insult to those peerless professionals upon whose slim shoulders they now slouch.

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Great Wall Motors’s Haval Raptor Plus on show in Beijing on Friday. Photo: Tingshu Wang/Reuters

🚘 No one
behind
the wheel

Look, no hands': China chases the driverless dream at Beijing car show. As domestic sales slow, manufacturers are investing in AI and seeking growth in technology and in overseas markets reports the The Guardian website. [click to read more].

At the world’s biggest car fair, which opened in Beijing on Friday, there were hundreds of manufacturers, more than 1000 vehicles, hundreds of thousands of enthusiasts — and hardly anyone behind a wheel.

China’s car companies have cornered the domestic electric vehicle market, and are increasingly visible on the global stage. Now they are turning their attention to what they are betting is the future of mobility: autonomous driving.

At the Beijing Auto Fair, a huge industry event that covers 380,000 square metres on the outskirts of the capital, the country’s carmakers showed off a range of intelligent driving technologies.

In China’s cut-throat domestic market, nearly every big carmaker is investing heavily in the software and computing power needed to make hands-free driving a reality as they compete to offer additional perks and find new ways to generate revenue.

And Huawei, the telecommunications group, revealed this week that it would be investing up to 80bln yuan (£8.7bln) over the next five years to develop its autonomous driving software and computing power.

The fact that almost every automaker has some version of intelligent driving makes it different to almost any market in the world, said Tu Le, the managing director of Sino Auto Insights, a consultancy.

Le said that the Chinese market was so competitive that merely selling passenger vehicles domestically was no longer a viable way for Chinese companies to make money. Additional perks, such as leasing AI-powered software, are needed to boost revenues.

The EV maker Xpeng said its latest AI model allows drivers to give the car commands - such as, park near the entrance to the shopping centre - rather than a specific spot on a map.

An AI-powered operating system from Xiaomi, an appliance and phone maker, allows drivers to make restaurant reservations, compile notes while driving and place coffee orders. It can also detect when drivers seem stressed or agitated and adjust the lighting and music for their arrival at home.

Domestic car sales in China have fallen sharply in recent months. The number of passenger vehicles sold in China dropped by 17% in the first three months of this year as the government phased out a subsidy programme.

BYD, the leader of China’s EV industry and the company seen as a bellwether for the sector, has reported seven consecutive months of declining sales.

China’s exports, meanwhile, soared by more than 60% in the first quarter.

China’s largest car exporter, Chery, has recently set its sights on the UK market. Since launching in the UK in August 2025, it has become one of the country’s fastest-growing car brands, with 13,500 cars sold between September 2025 and March 2026.

On Friday, the company announced a goal for 10m global annual sales by 2030, up from 5m in 2025. Farrell Hsu, the UK country director for Chery, said: This exceptional growth underlines Chery UK’s position as a key contributor to the overall business growth by 2030.

The focus on overseas sales was evident at the fair as the carmaker Geely announced plans to deploy thousands of driverless taxis globally next year through its ride-hailing arm, Caocao. Chinese companies are looking to compete with US robotaxi firms such as Waymo, which have proven successful in San Francisco and Los Angeles.

Robotaxis have already been rolled out in several Chinese cities, but their widescale adoption has been limited by regulatory barriers as much as technical ones.

Last week the government concluded a public consultation on a proposed new set of safety standards for autonomous cars. There are no nationwide guidelines and Beijing has been cautious about allowing unfettered access for driverless cars on its roads.

Last month several of Baidu’s Apollo Go robotaxis stalled in the middle of the road in Wuhan, leaving riders stranded for hours.

Chinese companies are expected to account for one in every 10 new cars sold in Britain in 2025.

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 COMMENT:

Murrurundi Times news site with items covering national news and Upper Hunter region including the township of Murrurundi
Chris Bowen has claimed oil drilling decisions should be based on economics and engineering, despite his government creating barriers that Vikki Campion says make new projects impossible writes Vikki Campion in Daily Telegraph yesterday. [click to read more]

Drilling for oil in Australian territory is the equivalent of dropping every last dollar into the dusty arcade claw machine while the entire Labor cabinet cheers go for it!, knowing the whole game is rigged.

When Climate Change Minister Chris Bowen this week said that decisions about whether to drill should be based on the economics and the engineering and if it meets the environmental approvals, then it can happen and should happen, it was as if he had had nothing to do with the economics or the environmental approvals.

Look at the first budget of the Albanese government, which cancelled a swag of grants announced for diesel storage and petroleum drilling and instead decided to fund the Environmental Defenders Office, which then took Beetaloo drilling projects approved by former Resources Minister Keith Pitt to the NT Supreme Court.

A new anti drilling bureaucracy

Last year, they brought in reforms so that businesses need to deliver a net gain for biodiversity, a new bureaucracy in a federal Environmental Protection Agency with the power to issue stop-work orders, and forced abatement of carbon emissions under the guise of a carbon tax masquerading as the Safeguard Mechanism.

Bowen and the rest of the Albanese government, who went on to spend the next four years talking about reducing emissions, know the system has been gamed so much, with everything stacked against any new proponent, only a fool would try.

Bowen blames engineering as the issue. Any drilling must pass those economics and engineering tests, he says. But it wasn't too hard for them to drill in the 1970s in the Bass Strait, one of the world’s most dangerous stretches of water, home to the roaring forties and shipwrecks galore, and its oil production softened Australia’s exposure to the last global petroleum crisis.

Just too difficult in Oz

But, now in 2026, Mr Bowen wants us to believe that drilling is just too difficult in Australia.

Australia’s oceans are apparently scarier than they were 50 years ago. More terrifying than Russian icy seas or the deep swell off the Gulf of Mexico, where some of the deepest oil rigs produce millions of barrels of oil.

In the 1970s, we produced 70% of our own petroleum from local oil and refineries.

Now we rely on imports and there’s no guarantee we'll have fuel past mid-May.

The government measures fuel security by counting empty service stations, even though these aren't the main suppliers for big buyers like farmers or miners.

Zelots making sure we don't drill

It has everything to do with the government, which forced existing wells to be capped, who armed those who oppose petroleum on ideological grounds with taxpayer-funded court cases and who provide minimal transparency in relation to activist groups masquerading as charities.

Zealots staff environmental departments, industry super funds are forced to buy politically correct investments, and geologists find themselves busier with paperwork than getting dirty, forced to deal with both state and federal departments to handle what is a state resource.

Australia’s oil is both attainable and comparable to the best reserves in the world. The biggest impediment is not sub-arctic temperatures or deep oceans, but the government itself. No investor is going to sink billions into the Albanese claw machine for drilling, knowing that they will never win.

One-eyed passion

Bowen insists projects need to stack up environmentally, while disregarding foreign companies dynamiting pristine forests for wind turbines or NSW’s EnergyCo, in its one-eyed passion for building transmission towers spanning thousands of kilometres, no matter how much biodiversity goes under the bulldozer.

The game works for them — they get the prize. If we eased environmental approvals, as we do for transmission lines, sped up payments and granted landowners underground rights, we could produce Australian oil within six months.

Mr Bowen says any development needs to stack up economically but one must ask the question: with crude oil prices surging toward $144 a barrel and domestic fuel security evaporating, how exactly does refusing to develop our own resources make good economic sense?

The game was never meant to be won. It has been rigged to ensure the only people walking away with any plush toy from behind the glass are the ones Mr Bowen has already decided should win.

We have skills, technology and the guts to claim the prize for oil. The only thing we don't have is a government that’s prepared to let us play a fair game.

It’s easier to see the bite in the small towns, on the quieter streets, because when the shop shuts, it doesn't reopen; darkened windows sit as an empty reminder of what used to bring people together between the post office and the IGA.

Another day older and deeper in debt!

Over the coffee machine in one cafe, the owner confides that he thinks his business is done because he can't sell enough lattes and eggs to pay the four-figure power bill; even with the crowd out front, and the line at the till, with good staff and good food, every month he goes deeper into debt.

You see it in statistics from the Australian Securities & Investments Commission which show that 14,722 businesses entered insolvency in the 2025 financial year.

Statistics from the Australian Energy Regulator released this week show that more than 6200 electricity customers were disconnected in the last quarter, with the average account holder owing $2600 at the time of disconnection.

Thousands of businesses are going insolvent, and thousands of people are being disconnected from power.

And they tell us it's betting cheaper

Yet the same bureaucrats tell us power is getting cheaper and assure us renewables will send bills down. Just not before we go out of business.

The smart ones try to get out quickly, listening to their heads rather than their entrepreneurial hearts. They watch their plans fall apart — how they turned a shabby old house into a lively spot for coffee and tea, a place where the lonely or elderly could meet and talk, a bit of sophistication in a town where the only other choice is the pub.


Murrurundi Times news site with items covering national news and Upper Hunter region including the township of Murrurundi
At dawn in the high summer of 413BC, when the Peloponnesian War was in its 18th year, two trophies faced each other across the narrow strait at the mouth of the Corinthian Gulf. The day before, a Corinthian fleet had met an Athenian squadron and for the first time had struck the Athenians more forcefully than they could strike back, Henry Ergas writes in the The Australian today. [click to read more]

The Corinthians knew the Athenians' larger fleet and masterly seamanship gave them a crushing advantage. To counter it, they modified their ships' prows, making them shorter and stouter to withstand ramming. Having neutralised their adversaries' superiority by departing from the conventional Greek ship design, they raised their victory trophy at Erineus on the Achaean shore.

But despite extensive damage, the Athenians held the water at the fighting’s end, recovered the wrecks and the dead and, according to traditional standards, were the victors. In the hours that followed, they rowed across the Gulf and planted a counter-trophy at Molycrian Rhion, on the Aetolian side.

By the early morning light the two trophies therefore came clearly into view only three kilometres apart. Longstanding rules, that awarded victory to one side or the other, had been breached; but it was something far deeper that lay broken at Erineus.

German intellectual historian Hans Blumenberg ∼ who had experienced the rise of Nazism ∼ put it best. Human beings, he argued, are constitutionally incapable of living in unfiltered contact with reality, exposed to the overwhelming, undifferentiated threat of a world that offers no given orientation, no protection. We therefore connect ourselves to it through the mediating tissue of myth and ritual, metaphor and story.

These do not give us access to the world as it is; they render it intelligible by investing events with significance and placing them within a widely understood frame. And what makes a society viable is sufficient overlap between its members' mental maps to allow them to manage their differences.

When the common repertoire of memories, symbols and words breaks down, that connective tissue is not merely strained; it is torn apart. The result is what Thucydides called stasis: a condition in which conflict can no longer be contained by the civic order, driving society towards rupture.

The war, as Erineus revealed, had shredded the Greek world’s shared frame of significance — undermining ritual, dissolving trust and corroding alliances once deemed secure.

However, the process ran not only between poleis but within them. And nowhere was the descent into stasis more disastrous than in Thucydides' beloved Athens.

Against stasis, Athens had, at the war’s outset, one extraordinary bulwark: the city as Pericles had taught his generation to see it. What distinguished the Athenians, Pericles said in the Funeral Oration, was that they loved life and lived it fully, yet were ready to die for their city, precisely because the city gave them so much.

But claiming love of, and loyalty to, the city was easy when both were without cost. Once the plague descended on Athens in 430BC, bringing sudden and unpredictable death, Athenians began to live for the moment, placing present appetite above future concerns.

Soon after, with Pericles dying while the plague raged, his demagogic successors devoted their specious rhetoric to inflaming division rather than fostering collective purpose.

It was, however, the war that consummated the rupture into opposing camps. War, Thucydides writes, filches away the easy provision of the everyday. The civic decencies proved dependent on peace and plenty; when citizens were forced to bear even the slightest hardship, the thinness of the civic compact was exposed.

By then, dialogue had collapsed and the factions were hermetically enclosed in their own myths, entrenching the hatreds between them. The war had come home. It was only a matter of time before external enemies administered the coup de grace to a body that had already lost its capacity to cohere. Thucydides' formula is terse: the Athenians did not succumb to Sparta; they succumbed to one another.

Thucydides, with what Nietzsche praised as his courage in the face of reality, diagnosed the disease as its victim lay dying. But he did far more than that. His history is itself a compensatory act of significance-making in the face of significance’s dissolution.

By giving the war a shape, a language, a set of themes that still organise political thought, Thucydides produced a ktêma es aiei, a possession for all time. He wrote, he tells us, so that future men, when they see similar tragedies looming ∼ and the nature of human affairs makes their recurrence inevitable ∼ may recognise the risks and act accordingly.

Two and a half millennia later, his warning resonates. Once again, we are in a war marred not only by the clash of arms but by a cacophony of contradictory claims.

War, by its nature, shrouds gains and losses in secrecy, deception and misrepresentation. Worse still, assessments of its likely course are vitiated by the inherent unpredictability of action and reaction: what Thucydides called to astathmëton — the irreducible contingency of a world that can be acted upon but never fully mastered.

But despite those factors, which urge caution, there is an extraordinary rush to judgment, pronouncing outcomes and anointing victors, before they are decided. And no less extraordinary is the vehemence with which opposing views are held, assigning all success (and tactical shrewdness) to one side and all failure (and strategic folly) to the other.

The barely disguised schadenfreude of Donald Trump’s haters and the matching ire of his supporters, are, no doubt, part of the explanation. They are, however, symptoms rather than causes, visible manifestations of the stasis Thucydides acutely analysed: the withering, here as throughout the West, of the common repertoire of values and practices through which contending arguments can be advanced, differences addressed, tensions however imperfectly contained.

And yet the crowds at the Anzac Day dawn service ∼ one of the few occasions on which Australians still gather the frayed threads of historical significance ∼ show the longing for a shared framework of meaning persists.

Inaugurated in another time of bitter division, after the searing antagonisms of the conscription referendums, the dawn service’s ritual centre, with its They shall grow not old, as we that are left grow old, says nothing of the dead’s relation to eternity; it speaks instead of the living’s relation to the dead, conferring enduring meaning on events that unfolded more than a century ago in war’s all-enveloping fog.

The Last Post is sounded into the dark; the silence is kept; the Rouse follows as the sky begins to brighten. Between the two lies a held breath in which the nation briefly becomes, once more, a community.

That is a pause, not a cure. But if, in those few moments, we can resolve to remember not only the fallen but the achievements, now so often derided, of the nation for which they fought and died; to refuse the continued perversion of truth and the escalation of hatred; and to renew the capacity ∼ when the reckoning comes, as it will ∼ to stand-to at dawn beside those who stand with us, then this will be a country that has merited their sacrifice.



 OVERSEAS:

Sam Sifton writes in The New York Times The White House says that Iran's seizure of two ships in the Strait of Hormuz is not a deal-breaker for peace negotiations. And senators didn't get much sleep. They were up well past midnight voting on budget proposals. Fun. I grew up reading the Harper's Index, a collection of statistics that has run in Harper's Magazine since 1984. There's something both spare and illuminating about each one. The collected facts amount to a kind of poetry, as these three stanzas from the May 2026 issue suggest: Percentage of Americans who say that, as children, they knew a compassionate, nonjudgmental adult: 35;m; Percentage of these Americans who say that their mother was such a person: 50; That their father was: 5. As the cease-fires in Iran and Lebanon tremble, my colleague Evan Gorelick and I thought an index would be a useful way to examine the war. Numbers can help us understand what's happening in the region and in the world beyond it, as the U.S. and Iran jockey for control of the Strait of Hormuz and Pakistani officials try to nudge diplomats from Washington and Tehran toward the negotiating table in Islamabad. Oil and transit: ● The share of the world's oil that passed through the Strait of Hormuz before the war: one-fifth. ● The number of ships that sailed through the strait on any given day before the war: 130. ● The number of ships that did so Tuesday: 1. ● The increase in the price of diesel fuel since the war began: 45 percent. ● The number of flights Lufthansa Group, the German airline, said it would cut over the next six months to save jet fuel: 20,000. Politics and diplomacy: ● Days since the U.S. and Israel began joint strikes against Iran: 54. ● The number of targets the U.S. military says it has struck: more than 13,000. ● The number of days until President Trump's authority to wage war without congressional action ends: 8. The toll: ● The number of senior Iranian officials Israel says it has killed: more than 250. ● The number of U.S. military service members killed in the war, according to Central Command: 13. ● The number of people killed in Iran during the war, according to Iranian state media and a U.S.-based rights group: more than 3,000, including 1,700 civilians. ● The number of people killed during Israeli strikes on Lebanon, according to Lebanese officials: nearly 2,300. ● The number of people killed in Israel by missiles fired from Iran and Lebanon, according to Israel's ambulance service: 23. And finally: ● The number of items ∼ including articles, videos, blog posts, opinion essays and interactive features, maps and trackers ∼ that The Times has published about the Iran conflict and its ramifications, as of yesterday afternoon: 2,023.






The Murrurundi Times is owned, compiled and written by Des Dugan. Email