Are the Fama–French factors proxying news related to GDP growth? The Australian evidence.

Inspired by Vassalou (J Financ Econ 68:47–73, 2003), we investigate the contention that the Fama and French (J Financ Econ 33:3–56, 1993) model’s ability to explain the cross sectional variation in equity returns is because the Fama–French factors are proxying for risk associated with future GDP growth in the Australian equities market. To assess the validity of Vassalou’s findings, we augment the CAPM and the Fama–French model with a GDP growth factor and run system regressions of the GDP-enhanced models using the GMM approach. Our results suggest that news about future GDP growth is not priced in equity returns and that any ability that SMB and HML exhibit in explaining equity returns is not because they contain information about future GDP growth.

The illusory everyday : narratives of pleasure in Australian 'reality TV'

This thesis examines the paradox thai the popularity of 'reality TV' lies more in its construction and the pleasure of its reception as entertainment, than ils 'reality'. Through the integration of theoretical perspectives, and industry and viewer interviews, 'reality TV' is explored as an amoebic, amorphous genre, of multiple narratives, interpretations and pleasures.

Reinforcing the myth : constructing Australian identity in 'reality TV'

The current incarnation of ‘reality TV’ in Australia has a strong focus on the portrayal of everyday life. Although based on ‘real’ situations or people, there is a clear tension between ideas of authenticity and performance.  As a global phenomenon, ‘reality’ formats are produced for local audiences by highlighting aspects of the national culture and identity, with format popularity directly linked to identification and affirmation of the spectacle of ‘reality’. This paper will analyse the use of popular Australian myth in ‘reality’ formats by charting narrative and character construction as an ‘illusory everyday’, with reference to Bondi Rescue (Cordell Jigsaw). The paper will examine the representation of Australian identity through both myth and construction in ‘reality TV’ as the perpetuation of a cultural simulation. Implications for research on the genre and the industry are also discussed.

Constructing Australia : a companion to the ABC TV series

This engaging collection tells the story of how three of Australia's greatest man made-icons were built. The making of the Harbour Bridge, the creation of the Telegraph Line across Australia and the building of the pipeline from Perth to Kalgoolie.

The 1997 'top ten' survey : students' views of what makes news

Have you ever wondered how journalism students learn to differentiate the 'important' story from the daily dross that journalism inevitably throws up? We have. This paper examines the choices journalism students make when they're asked to nominate a 'top ten' from a finite list of stories. It suggests the possible news values they apply to their selection of the ten 'best' stories over a 12 month period. As a second measure of ability to comprehend and apply news values we also examine the students' ability to correctly locate countries on a map: a test of their 'political geography'. We offer some tentative conclusions about our students' willingness to engage with the 'difficult' stories about politics and economics, rather than the 'easy shot' news of celebrities, disasters and sporting heroes.