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Chapter 5 examines the bubble that occurred in Australia in the late 1880s. During 1887 and 1888, there was a major bubble in the price of suburban land, particularly in Melbourne. In addition, companies involved in the financing and development of urban land were created at this time and during the first half of 1888, their share prices doubled. After the peak in October 1888, the share prices of these companies and urban land prices fell sharply. We then explain why it took several years for the liquidation of the land boom to affect the wider economy. The chapter then moves on to discuss how the bubble triangle explains this episode. In particular, this was the first major bubble where investors were speculating with other people’s money, provided ultimately by the country’s banks. The spark which ignited the land boom was the liberalisation in 1887 of the restriction on banks’ lending on the security of real estate. This was the final act in a 25-year liberalisation process. The chapter concludes by examining the dire consequences of the bubble. In 1893, the Australian banking system collapsed and, as a result, Australia experienced a very long and deep economic recession
Chapter 10 zooms in on resistance in public-housing estates, a most unlikely setting because residents are transient and vulnerable. The chapter presents two pairs of cases, in Toronto and Melbourne, each city displaying a success and a failure in both mobilization and impact. The Toronto cases show how cultural producers engaged in boosterish programming that distracted public opinion from ongoing displacement in one site, while, in the other, experiential tools and preexisting networks combined to foster a strong residents’ voice in revitalization plans and prevented displacement. The analysis of Melbourne’s estates confirms the powerful role of union support and shows how a councillor’s ideology gains salience in the context of multimember districts.
There is much diversity in the models of services for parents who have a mental illness, but a visit to programmes in several countries shows that all service models share a unity of purpose. This chapter describes five such programmes in three countries. The Family Legal Support Project in Marlboro, Massachusetts addresses the need that parents with a mental illness have in negotiating a complex legal system. In New Haven, Connecticut, a fruitful partnership has developed between two organizations who had previously served their own specific community groups for many years. The Children in Families Affected by Mental Illness Project in Sydney, Australia, overcame initial barriers existing between adult mental health and child mental health services. The Parents in Partnership Project in Melbourne illustrates the process of building step by step. The Building Bridges Project in Lewisham, UK illustrates how serendipity works.
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