Search Results: debt

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  • AUSTRALIA

    Flawed beauty in back-to-the-wall Budget

    • Paul O'Callaghan
    • 14 May 2013
    13 Comments

    The Treasurer has emphasised his belief that Labor's values and priorities are reflected in this Budget. He is keen to help the battler. Yet there is a sharp dissonance between the Government's promotion of a 'fair go' through big reforms and its evident disinterest in so many citizens whose financial struggles are profound.

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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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  • ECONOMICS

    The truth about middle class welfare

    • David James
    • 08 April 2013
    5 Comments

    Commentary on the proposed changes to tax on super has created the impression that the truly needy will miss out on extra cash as politicians pander to middle class voters. This is almost entirely false. In terms of where tax dollars are allocated, Australia has definitely concentrated on lower class welfare.

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  • ARTS AND CULTURE

    Living in the echo of suicide

    • Barry Gittins and Jen Vuk
    • 04 April 2013
    4 Comments

    I know and love people who struggle with depression. I've lost friends to suicide. Depression was my constant companion at times and suicide an alluring, far country. A recent novel delves into the life of a family reeling from the suicide of a child, and shows that even in the deepest recesses of grief, joy can interrupt.

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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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  • AUSTRALIA

    Broken shoes and dead ends in China's leadership transition

    • Binoy Kampmark
    • 13 November 2012
    1 Comment

    Australia's unimaginative perspective on China's growing power accords with Washington's. In Obama's terms, China can be an adversary or a partner. China is a complex leviathan, and the great challenge is how to integrate it into the global system without conflict.

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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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  • ECONOMICS

    Ways out of economic depression

    • Bruce Duncan
    • 17 October 2012
    8 Comments

    Tony Abbott warned that Australia could go the way of Greece with excessive debt. Such claims reflect a climate of exaggerated concern about debt. Instead Australia could be taking advantage of historically low interest rates and embarking on major infrastructure projects, increasing employment and laying the basis for sustained growth in productivity.

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  • ARTS AND CULTURE

    Alone in Obama's America

    • Tim Kroenert
    • 17 October 2012

    On a television in a grimy bar, Barack Obama waxes lyrical about the unity of the people. In the foreground, a brutal and enigmatic enforcer of the criminal underworld scoffs. America is not a community, he counters — it's a business. 'I'm living in America, and in America, you're on your own.'

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  • RELIGION

    An Anglican view of Vatican II

    • Charles Sherlock
    • 10 October 2012
    15 Comments

    My only contact with Catholics prior to 1963 was avoiding the local Catholic school when walking home, for fear of having stones thrown at me, in my state primary school uniform — sadly, some state schoolers did likewise to Catholic students. I remember it as a parable of pre-Vatican II Catholic-Protestant relationships in Australia.

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