Search Results: banks

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  • ECONOMICS

    Japan could lead the way in forgiving debt

    • David James
    • 13 May 2018
    4 Comments

    As the world economy groans under soaring levels of debt, the place to look is Japan, whose current government debt-to-GDP ratio is an eye watering 253 per cent. It is Japan, which led the developed world into this mess, that is likely to lead the world out of it by cancelling debt. The consequences of such a move would be far reaching.

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  • AUSTRALIA

    Budget's arts flagship is, well, a flagship

    • Esther Anatolitis
    • 08 May 2018
    9 Comments

    The flagship cultural measure in the budget is, strangely, a flagship: the Endeavour. The government announced '$48.7 million over four years to commemorate the 250th anniversary of James Cook's first voyage to Australia and the Pacific'. A permanent presence on the first site of local trauma is not a vision for a nation.

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  • ARTS AND CULTURE

    The meek find the violent absolute

    • Carolyn Masel
    • 06 May 2018

    Early traumas last, the experts say ... but memory can resemble an old wound that presages damp days or, like a sharp new line, make one gasp again. What violence do they endure who with nightmare slowness flee a wolfish past? And are theirs unexamined lives who have attained the modern armour-plated dream?

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  • RELIGION

    Subverting idolatry in churches and banks

    • Andrew Hamilton
    • 01 May 2018
    31 Comments

    The banking royal commission has already come to resemble the earlier child abuse royal commission. To observers who share a personal and public-spirited interest in the decent functioning of institutions, the similarities invite reflection on why two apparently different forms of institution should behave in such similar ways.

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  • AUSTRALIA

    History taints Turnbull's fight against corruption

    • Brendan Byrne
    • 30 April 2018
    10 Comments

    While it is a matter of public record the Turnbull government blocked attempts to establish a royal commission into the financial services sector on multiple occasions, the question as to why, especially when it expeditiously facilitated a similar inquiry into corruption within the union movement, is of more than academic interest.

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  • ENVIRONMENT

    The rosella's last walk (an eco parable)

    • Julie Perrin
    • 29 April 2018
    19 Comments

    The bushland forms part of the scant wild space remaining in coastland eroded by development. I speak my husband's name. 'Look,' I whisper. The bright green bird lies still in the late afternoon light, showing no signs of life. But the rosella is scrambling. No obvious cause of injury is visible.

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  • INTERNATIONAL

    Our flailing aid created a Pacific problem

    • Eliza Berlage
    • 18 April 2018

    China and India are rising global powers, thanks to a burgeoning middle class, huge export markets and military might. So why wouldn't they take the western retreat from the Pacific as an invitation to dance? But their support comes with a crippling debt levels and the potential for a favour to be called in down the line.

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  • ENVIRONMENT

    Abbott spruiking coal is a win for renewables

    • Greg Foyster
    • 12 April 2018
    16 Comments

    Every time the self-appointed Ambassador for the Little Black Rock fronts up to the cameras he reinforces the message that coal power is the technology of a bygone era. The Coalition old guard's thinking hasn't changed since Abbott's 'carbon tax' sloganeering of 2012 and 2013. But the landscape has changed considerably.

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  • AUSTRALIA

    Cricket cheats blind to the common good

    • Andrew Hamilton
    • 25 March 2018
    24 Comments

    As with any activity that involves many people, cricket is shaped by multiple relationships. I would not expect that cricketers be able to articulate what is entailed in these relationships. But I was surprised that some dim awareness of their importance did not make the players hesitate before launching on such a daft adventure.

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  • ARTS AND CULTURE

    Now that you're 12 I can't keep up

    • Jena Woodhouse
    • 18 February 2018
    1 Comment

    Fondly I remember Evie, aged approximately one, pumping her short, sturdy legs along the shore at Watson's Bay ... Now that you're 12 you lope on long, lithe legs, bronzed by the northern sun; you leap across the ballet stage in grands jetes, you dive and swim; on sports days, fleet as Atalanta, yours is the athletics track ...

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  • ARTS AND CULTURE

    The rust in trust

    • Anuforo Goodluck Eziokwu and D. G. Yntiso
    • 04 February 2018
    1 Comment

    To make a choice is one hard nut. To decide and stand, to point and dot ... What they will do with what they were given? See their pride and their selfish dictations. See them leave us in hell while they are in heaven, living the life and leaving us to die.

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  • ENVIRONMENT

    Bitcoin has a massive energy problem

    • Greg Foyster
    • 18 January 2018
    1 Comment

    The digital currency Bitcoin consumes more electricity per year than New Zealand. Yes, the entire country. Escalating energy intensity is actually a security feature of the currency. With the related carbon dioxide emissions from this escalating electricity consumption, Bitcoin is a formula for climate change catastrophe.

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