Search Results: global financial crisis

  • ECONOMICS

    The crash of the can market

    • Julian Butler
    • 18 February 2009
    6 Comments

    Some of the soup van's clients collect cans to sell to a scrap dealer. The work supplements their welfare income and provides a sense of fulfillment. Since the global market crash business has been slow: 'China doesn't want aluminium now.'

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  • ECONOMICS

    The chuckling economist

    • Brownyn Lay
    • 05 January 2009
    3 Comments

    On the day the markets bled we rushed to hear Stiglitz's diagnosis. The Nobel Laureate used to be Chief Economist of the World Bank, ending his term in fisty cuffs with the IMF and the US over their financial bullying of developing nations. Stiglitz had schadenfreude written all over his face. (October 2008)

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  • AUSTRALIA

    Turnbull's problematic leadership

    • John Warhurst
    • 18 December 2008
    2 Comments

    Last Christmas, rookie Prime Minister Rudd could not afford to take a holiday. This year, following dismal December opinion polls, it's Turnbull who may need to forgo a break as he gets the Coalition house in order.

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  • ECONOMICS

    A frugal Christmas story

    • Margaret Rice
    • 16 December 2008
    3 Comments

    This time of year is marked by a fraught pre-Christmas anxiety, exacerbated this year by the economic crisis. My daughter Rachel lost her part-time job last week. Her loss is slight compared to her employer's, a young mother who works in the finance industry.

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  • AUSTRALIA

    Rudd's random acts of political kindness

    • Michael Mullins
    • 15 December 2008
    3 Comments

    As Kevin Rudd ends 2008 and his first year on a high, it seems he's every bit the trickster John Howard was. We're heading into one of the worst recessions in living memory, yet the government leapt to a six month high in last week's Newspoll. 

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  • ARTS AND CULTURE

    The sinking of WA Inc.

    • Mark Skulley
    • 03 December 2008
    1 Comment

    The hand-in-glove nature of Perth business politics was hard to detect when money was cheap. Australia had a credit boom between 1983–1985, but the days of easy money faded. Then came the king wave: the sharemarket crash. (April 1991)

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  • ECONOMICS

    Workers' solution for fallen childcare empire

    • Cameron Durnsford
    • 03 December 2008
    4 Comments

    After the 2001 Argentine economic disaster, workers' collectives organised to autonomously run their enterprises. The collapse of the ABC Learning empire should not be seen as a total calamity, despite the obvious potential for fallout.

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  • AUSTRALIA

    Fashion fix won't mend failed states

    • Michael Mullins
    • 01 December 2008
    1 Comment

    A fashion magazine proposed that 'blowing the budget on something outrageously extravagant will let you know you're still alive'. There is a place for fantasy during financial hard times, but there are also good reasons to act decisively.

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  • ECONOMICS

    Imagination spent on global financial solutions

    • Colin Long
    • 27 November 2008
    20 Comments

    The outcomes of the G20 meeting this month demonstrate the limited vision of many of the world's politicians in confronting the global financial crisis. If our leaders can't imagine a different future, it is up to us to do so.

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  • INTERNATIONAL

    Pol Pot and the repentant Swede

    • Binoy Kampmark
    • 24 November 2008
    1 Comment

    Gunnar Bergstrom returned to Cambodia last week hoping to atone for his one-time approval of the Khmer Rouge's Year Zero. In 1978 he and his comrades from the Sweden-Kampuchea Friendship Association were hosted by a gracious and grateful Pol Pot.

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  • ENVIRONMENT

    Economic troubles will not ease climate pain

    • Andrew Hamilton
    • 17 November 2008
    4 Comments

    As individuals, we can make a difference through symbolic actions that embolden governments to take big steps. The financial crisis and the urgent needs of threatened island nations need to be factored into a calculation that ensures burdens fall most heavily on those most able to bear them.

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  • ECONOMICS

    Bankers conspire to cover their assets

    • Les Coleman
    • 22 October 2008
    3 Comments

    Circumstantial evidence suggests that during the past few weeks we have seen a massive manipulation of monetary policy to support US bank stocks. The manipulation has been played out in plain view, which, of course, is the best place to hide a secret.

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