Search Results: debt

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  • ECONOMICS

    Hapless Joe Hockey

    • David James
    • 10 December 2014
    12 Comments

    One of the fascinating aspects of Australia's political pantomime is the manner in which the Federal Treasurer is forced to metamorphose into a used car salesman who is spruiking the Australian economy. One reason for the relative impotence of the Treasurer is that the Federal government only has control over fiscal policy. Monetary policy, the interest rate, is set by the Reserve Bank, not the government.

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  • INTERNATIONAL

    Putting Putin's record into perspective

    • Justin Glyn
    • 17 November 2014
    17 Comments

    Amid talk of whether Vladimir Putin would leave the G20 early and numerous reports of frosty encounters between him and other summit leaders, Western media coverage has portrayed him as an erratic and dangerous dictator whose rule damages the once-great country he leads. But it would be foolish to pretend that the West did not take advantage of the weakness of the former Soviet states in the 1990s. Russia was looted of its assets, many of which found their way abroad.

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  • AUSTRALIA

    The Americanisation of Australia's universities

    • Sarah Klenbort
    • 10 November 2014
    23 Comments

    The US, whose citizens owe more on student loans than they do on credit cards, is the land of deregulation. Australia’s Education Minister Christopher Pyne has the support of university management in his desire to see Australia to follow the US path. But it is clear to lecturers, tutors and researchers that this will only create more inequality, mainly by forcing people without money to either miss out all together on higher education or go into a huge amount of debt.

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  • AUSTRALIA

    G20's opportunity to nail multinational tax dodgers

    • Angela Owen
    • 07 November 2014
    3 Comments

    The media has reported that Swedish furniture company IKEA's Australian arm has earned an estimated $1 billion in profits since 2003, almost all of which has been exported tax-free. Action to crack down on tax avoidance is on the agenda of next week's G20 in Brisbane, but it remains to be seen if the interests of developing countries will be looked after.

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  • AUSTRALIA

    Memories of Gough

    • Frank Brennan
    • 22 October 2014
    44 Comments

    What he did for me, he did for countless other Australians who dreamt of a better world and a nobler Australia. Even his political opponents are forever in his debt for having elevated the national vision and for having given us a more complete and generous image of ourselves. 

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  • ARTS AND CULTURE

    If Jesus was gay

    • Barry Gittins
    • 21 October 2014
    5 Comments

    Hope for unseen vistas Peace for travelled paths. Joy for slaughtered innocence. Love for aftermath. Grace for unsought trials. Faith for visions fouled.

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  • ECONOMICS

    Who will feel better after Medibank privatisation?

    • David James
    • 13 October 2014
    7 Comments

    Federal Finance Minister Mathias Cormann announced 'the scoping study found no evidence that premiums would increase as a result of the sale' of Medibank Private. But the sale is being presented as a way to make the fund more efficient. If successful, Medibank Private will become even more dominant than it is at present and there will be pressure to raise premiums to achieve its purpose of keeping shareholders happy.

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  • AUSTRALIA

    Hervey Bay boat arrival from Ireland

    • Frank Brennan
    • 22 September 2014
    5 Comments

    Considering my indebtedness to the two Aborigines who met [my family's ship arriving in Hervey Bay from Ireland] 151 years ago, I owe it to all my fellow Australians to agitate these issues of law, morality and politics here in Ireland so that back in Australia, the homeland which, in my religious tradition, was known as the Great South Land of the Holy Spirit.

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  • ARTS AND CULTURE

    A Woman from the Provinces

    • Xiao Xiao
    • 16 September 2014
    2 Comments

    The woman from the provinces must have disturbed someone. Listen: the noise from below the Square. Countless faces aslant, breathing heavily. Rusting in the shell of broken words.

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  • AUSTRALIA

    Ending feminised poverty

    • Kate Galloway
    • 11 September 2014
    14 Comments

    Despite historical gains for women in terms of formal equality, structural issues - wage gap, superannuation gap, childcare, unpaid caring, inequitable income distribution - have not gone away. I do not see why my older women friends should be burdened with accumulated poverty simply because they are women. They carry a material burden because their unpaid work was considered to be performed 'for love', undeserving of financial security.

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  • ECONOMICS

    Australia's delayed GFC

    • David James
    • 08 September 2014
    7 Comments

    What is only now starting to come into focus is the extent to which the whole economy is in hock to house prices. A sharp fall in the housing market will put intense pressure on our major lending institutions, leading to a deeply depressing effect on all parts of the economy. The regulators, as ever, are taking a hands-off approach.

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  • MARGARET DOOLEY AWARD

    Inequality matters

    • Harry Maher
    • 20 August 2014
    14 Comments

    Inequality is dangerous. And inequality is at a near all-time high. At its core, the Government’s recent budget not only engenders but actively exults in the creation and maintenance of inequality, a phenomenon rapidly expanding not just in Australia, but around the world.

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