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Revolving Door (politics)
In politics, a revolving door is a situation in which personnel move between roles as legislators and regulators, on one hand, and members of the industries affected by the legislation and regulation, on the other, analogous to the movement of people in a physical revolving door.It also includes the movement of government personnel into lobbying firms working for these industries, and vice versa. In some cases, the roles are performed in sequence, but in certain circumstances they may be performed at the same time. Political analysts claim that an unhealthy relationship can develop between the private sector and government, based on the granting of reciprocated privileges to the detriment of the nation, and can lead to regulatory capture. The term has also been used in a different context, to refer to the constant switching and ousting of political leaders from offices such as in Australia (which changed Prime Ministers 6 times from 2007-2018) and Japan. Overview Previo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Politics
Politics (from , ) is the set of activities that are associated with making decisions in groups, or other forms of power relations among individuals, such as the distribution of resources or status. The branch of social science that studies politics and government is referred to as political science. It may be used positively in the context of a "political solution" which is compromising and nonviolent, or descriptively as "the art or science of government", but also often carries a negative connotation.. The concept has been defined in various ways, and different approaches have fundamentally differing views on whether it should be used extensively or limitedly, empirically or normatively, and on whether conflict or co-operation is more essential to it. A variety of methods are deployed in politics, which include promoting one's own political views among people, negotiation with other political subjects, making laws, and exercising internal and external force, includ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
OpenSecrets
OpenSecrets is a nonprofit organization based in Washington, D.C., that tracks data on campaign finance and lobbying. It was created from a merger of the Center for Responsive Politics (CRP) and the National Institute on Money in Politics (NIMP). History The ''Center for Responsive Politics'' was founded in 1983 by retired U.S. Senators Frank Church of Idaho, of the Democratic Party, and Hugh Scott of Pennsylvania, of the Republican Party. It was officially incorporated on February 1, 1984. In the 1980s, Church and Scott launched a "money-in-politics" project, whose outcome consisted of large, printed books. Their first book, published in 1988, analyzed spending patterns in congressional elections from 1974 through 1986, including 1986 soft money contributions in five states. It was titled ''Spending in Congressional Elections: A Never-Ending Spiral.'' In 2021, the CRP announced its merger with the National Institute on Money in Politics. The combined organization is known a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Civil Service
The civil service is a collective term for a sector of government composed mainly of career civil servants hired on professional merit rather than appointed or elected, whose institutional tenure typically survives transitions of political leadership. A civil servant, also known as a public servant, is a person employed in the public sector by a government department or agency for public sector undertakings. Civil servants work for central and state governments, and answer to the government, not a political party. The extent of civil servants of a state as part of the "civil service" varies from country to country. In the United Kingdom (UK), for instance, only Crown (national government) employees are referred to as "civil servants" whereas employees of local authorities (counties, cities and similar administrations) are generally referred to as "local government civil service officers", who are considered public servants but not civil servants. Thus, in the UK, a civil servant ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Treaty On The Functioning Of The European Union
The Treaty on the Functioning of the European Union (TFEU) is one of two treaties forming the constitutional basis of the European Union (EU), the other being the Treaty on European Union (TEU). It was previously known as the Treaty Establishing the European Community (TEC). The Treaty originated as the Treaty of Rome (fully the ''Treaty establishing the European Economic Community''), which brought about the creation of the European Economic Community (EEC), the best-known of the European Communities (EC). It was signed on 25 March 1957 by Belgium, France, Italy, Luxembourg, the Netherlands and West Germany and came into force on 1 January 1958. It remains one of the two most important treaties in the modern-day European Union (EU). Its name has been amended twice since 1957. The Maastricht Treaty of 1992 removed the word "economic" from the Treaty of Rome's official title and, in 2009, the Treaty of Lisbon renamed it the "Treaty on the Functioning of the European Union". F ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Liberal Party Of Australia
The Liberal Party of Australia is a centre-right political party in Australia, one of the two major parties in Australian politics, along with the centre-left Australian Labor Party. It was founded in 1944 as the successor to the United Australia Party and has since become the most successful political party in Australia's history. The Liberal Party is the dominant partner in the Coalition with the National Party of Australia. At the federal level, the Liberal Party and its predecessors have been in coalition with the National Party since the 1920s. The Coalition was most recently in power from the 2013 federal election to the 2022 federal election, forming the Abbott (2013–2015), Turnbull (2015–2018) and Morrison (2018–2022) governments. After the Liberal Party lost the 2022 Australian federal election, Morrison announced he would step down as leader of the Liberal Party. Deputy Leader Josh Frydenberg also lost his seat, making senior Liberal MP Peter Dutton ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Andrew Robb
Andrew John Robb (born 20 August 1951) is a former Australian politician. He was a member of the House of Representatives from 2004 to 2016, representing the Liberal Party. He served as Minister for Trade and Investment (2013–2016) in the Abbott and Turnbull Governments, and also briefly as Minister for Vocational and Further Education in the Howard Government in 2007. Before entering parliament, he was the federal director of the Liberal Party and oversaw the party's return to government at the 1996 federal election. While he was Minister for Trade and Investment, Robb approved Chinese company Shandong Landbridge Group to lease Port Darwin for 99 years. As soon as he left politics, Robb was hired by Shandong Landbridge on a $880,000 per year salary. In 2019, Robb left the position, shortly before a new foreign-interference law took effect. Background Robb, one of nine children, was born to Frank and Marie Robb, on a dairy farm in Epping which lies north of Melbourn ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Minister For Trade And Investment
The Minister for Trade and Tourism is a portfolio in the Government of Australia, falling within the Department of Foreign Affairs and Trade (DFAT). The position is currently held by Senator Don Farrell, sworn in as part of the Albanese ministry on 1 June 2022, following the Australian federal election in 2022. The minister is assisted by the Assistant Minister for Trade, held by Senator Tim Ayres. Portfolio In the Government of Australia, the minister and assistant minister(s) administer the portfolio through the Department of Foreign Affairs and Trade (DFAT) jointly with the Minister for Foreign Affairs. Other trade-related bodies for which the minister and assistant minister are responsible are: * Austrade * Export Finance Australia * Tourism Australia DFAT was created in 1987 through the merger of the Department of Foreign Affairs and the Department of Trade. In sequence, the trade portfolio has been administered by the following departments: * Department of Trade ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Northern Territory
The Northern Territory (commonly abbreviated as NT; formally the Northern Territory of Australia) is an Australian territory in the central and central northern regions of Australia. The Northern Territory shares its borders with Western Australia to the west ( 129th meridian east), South Australia to the south ( 26th parallel south), and Queensland to the east ( 138th meridian east). To the north, the territory looks out to the Timor Sea, the Arafura Sea and the Gulf of Carpentaria, including Western New Guinea and other islands of the Indonesian archipelago. The NT covers , making it the third-largest Australian federal division, and the 11th-largest country subdivision in the world. It is sparsely populated, with a population of only 249,000 – fewer than half as many people as in Tasmania. The largest population center is the capital city of Darwin. The archaeological history of the Northern Territory may have begun more than 60,000 years ago when humans first sett ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Port Darwin
Port Darwin is the port in Darwin, Northern Territory, in northern Australia. The port has operated in a number of locations, including Stokes Hill Wharf, Cullen Bay and East Arm Wharf. In 2015, a 99-year lease was granted to the Chinese-owned Landbridge Group, a transaction that has since ignited significant national security concerns. Locations Stokes Hill Wharf operated as the main location of Port Darwin, and has had three wharves. East Arm Wharf, opened in 2000. Panamax sized ships of a maximum length of 274 metres and a DWT of up to 80,000 tonnes are able to use the location. Privatisation Following the 2012 election of the Country Liberal party, the Territory sought to raise funds for unspecified purposes through the sale of public assets, including the Territory Insurance Office and Darwin Port. In order to accomplish the latter, the Territory made a request for expressions of interest in late 2014 and early 2015, resulting in thirty-three companies signalling the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Insider Trading
Insider trading is the trading of a public company's stock or other securities (such as bonds or stock options) based on material, nonpublic information about the company. In various countries, some kinds of trading based on insider information is illegal. This is because it is seen as unfair to other investors who do not have access to the information, as the investor with insider information could potentially make larger profits than a typical investor could make. The rules governing insider trading are complex and vary significantly from country to country. The extent of enforcement also varies from one country to another. The definition of insider in one jurisdiction can be broad, and may cover not only insiders themselves but also any persons related to them, such as brokers, associates, and even family members. A person who becomes aware of non-public information and trades on that basis may be guilty of a crime. Trading by specific insiders, such as employees, is commo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Member Of Parliament
A member of parliament (MP) is the representative in parliament of the people who live in their electoral district. In many countries with bicameral parliaments, this term refers only to members of the lower house since upper house members often have a different title. The terms congressman/congresswoman or deputy are equivalent terms used in other jurisdictions. The term parliamentarian is also sometimes used for members of parliament, but this may also be used to refer to unelected government officials with specific roles in a parliament and other expert advisers on parliamentary procedure such as the Senate Parliamentarian in the United States. The term is also used to the characteristic of performing the duties of a member of a legislature, for example: "The two party leaders often disagreed on issues, but both were excellent parliamentarians and cooperated to get many good things done." Members of parliament typically form parliamentary groups, sometimes called cauc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
