Search Results: financial crisis

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  • ECONOMICS

    Banksters' deadly game of Sheldon's three-person chess

    • David James
    • 30 April 2013
    3 Comments

    In The Big Bang Theory Sheldon invents a game of chess which 'utilises a three-sided board with transitional quadrilateral-to-triangular tessellation to solve the balanced centre combat-area problem'. This gobbledegook sounds suspiciously similar to the application of mathematical models to financial securities in derivatives markets.

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  • AUSTRALIA

    Margaret Thatcher versus the Scots

    • Duncan MacLaren
    • 09 April 2013
    72 Comments

    While any man's death diminishes me because I am involved in mankind', I must admit to pouring a glass of good malt at the news of Thatcher's passing. The Southern English may laud her as the greatest prime minister after Churchill but for us Scots she was a hate figure who in the last days of her premiership scarcely dared to cross the border for fear of being assassinated.

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  • ECONOMICS

    Don't bet on the Australian dollar

    • David James
    • 07 February 2013
    4 Comments

    This week the Australian dollar reached its lowest point in three months. Tangible factors such as interest rates and trade with China influence its strength. But what really determines the direction of our currency is the whim of the currency traders. In that sense, the Aussie is is arguably the most 'unreal', or virtual currency in the world.

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  • MARGARET DOOLEY AWARD

    Best of 2012: Catholic and Aboriginal 'listening revolutions'

    • Evan Ellis
    • 09 January 2013
    4 Comments

    St Benedict of Nursia knew about living in a dying world. He was born 25 years after the Vandals sacked Rome and died months after the Ostrogoths had their turn. He watched as old certainties went up in flame. As existing institutions were hollowed out or winnowed completely, Benedict started a revolution. Wednesday 12 September 

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  • ECONOMICS

    Best of 2012: The upside down world of global capital

    • David James
    • 08 January 2013
    1 Comment

    Money is not like water, that 'flows' around the world, reaching 'equilibrium', or experiencing 'volatility'. It is transactions between people, based on trust. It enables the cooperation that forms the basis of social life. Human beings should be at the centre. Yet that is the opposite of what is happening. Monday 27 August 

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  • ARTS AND CULTURE

    Stories about people who want to do better

    • Tim Kroenert
    • 19 December 2012
    3 Comments

    One man suffers the shame of sex addiction. For another, a quadriplegic, sex is a matter of dignity. Two couples meet for a civilised discussion about their children's behaviour, but civility collapses. An antihero embraces violence as a solution to exploitative American media. Eureka Street counts down its essential films of 2012.

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  • AUSTRALIA

    US gun law reform is biblical

    • Evan Ellis
    • 17 December 2012
    10 Comments

    Following the latest school massacre US President Obama cited Psalm 147, invoking God to 'heal the broken-hearted and bind up their wounds', and renewed a call for 'meaningful action'. He'll be judged not on his words, but on how he defines and delivers said 'action'. He'd do well to first revisit Psalm 147 in its entirety. 

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  • ENVIRONMENT

    Practical solutions to climate despair

    • Lyn Bender
    • 12 December 2012
    21 Comments

    The Doha climate talks have come and gone, and it is all business as usual. Actually, it is full steam ahead with coal, despite dire warnings from the World Bank that if we don't turn down the heat we face clear threats to our great god, The Economy. While denial and despair are tempting options at this point, there are healthier ways to respond.

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  • RELIGION

    Keating’s Timor and Carr’s Papua

    • Frank Brennan
    • 29 November 2012
    17 Comments

    Paul Keating this month reflected on his determination as Prime Minister 'to establish a new and durable' relationship with Indonesia' and lamented the Australian media and his predecessors' preoccupation with human rights abuses in East Timor. It'd be churlish to question these reflections if the current Foreign Minister were not on the cusp of making a similar mistake regarding Papua.

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  • RELIGION

    The Church is not beyond reproach

    • Frank Brennan
    • 22 November 2012
    1 Comment

    'Might not the chief problem with Church language in the public square be that we tend to come from a position of moral superiority, approaching those dreadfully compromised politicians who will do anything to be elected? The abuse crisis reminds us that the Church is not irreproachable.' Text from Fr Frank Brennan's presentation at the Anglican Church of Australia's Public Affairs Commission Conference, November 2012.

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  • AUSTRALIA

    Australia's bad job of asylum seeker policy

    • Andrew Hamilton
    • 14 November 2012
    11 Comments

    You can tell bad policy making by the trail of broken human lives it leaves behind it. The image of asylum seekers held in tents on Nauru, many on hunger strike and at least one now in risk of death, will surely be followed by images of people withering from depression and resentment and needing medical care.

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  • ECONOMICS

    Debunking the global financial con job

    • David James
    • 11 November 2012
    12 Comments

    Even after the most dangerous financial crises ever seen, finance industry lobbyists still argue that the sector should not be too heavily regulated as that would be counterproductive. This is nonsense. Money is rules. It is a question of who sets the rules and what kind of rules they should should be.

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