Search Results: Five Billion Years

  • AUSTRALIA

    Australia turns its back on a world in need

    • Paul O'Callaghan
    • 12 December 2014
    14 Comments

    As we prepare to mark the tenth anniversary of the Boxing Day tsunami, Australia's proud achievement in being the largest per capita provider of overseas aid at the time is being overshadowed by reports of further devastating government cuts to our aid program. Successive cuts - including 20 per cent in the May Budget - mean that we are starting to be seen as a country turning inwards. 

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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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  • 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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  • ECONOMICS

    SMSFs offer 'pension fund socialism'

    • David James
    • 13 August 2014
    1 Comment

    In 1976 management thinker Peter Drucker said the real owners of the stock market were workers, through their pension funds. A similar broadening of ownership has occurred in Australia since the creation of compulsory superannuation. But intermediaries called fund managers still stood between the people and ultimate control of their financial destiny, until the rise of the Self Managed Super Fund (SMSF).

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  • INTERNATIONAL

    The beautiful game needs better stewards

    • James O'Brien
    • 02 July 2014
    6 Comments

    FIFA World Cup Brazil 2014 is in the knockout stages. Brazil’s team is through to the quarter finals, much to the joy and delight of home fans. Yet to what extent can Brazilians actually celebrate? The tournament has come at much social and economic cost.

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  • ECONOMICS

    Super's evil empire on shaky ground

    • Brian Toohey
    • 11 June 2014
    15 Comments

    The superannuation industry inhabits a cosseted world in which the money pours in thanks to a combination of government compulsion and tax concessions. The foundations of this empire are criticised for how the tax concessions create an expensive form of upper class welfare, and for the harmful effect of compulsory super's artificial expansion of the finance sector. The Abbott Government shows scant concern about either aspect.

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  • AUSTRALIA

    Australia slips in generosity ranking

    • Paul O'Callaghan
    • 23 May 2014
    6 Comments

    Last week the Federal Government committed to a much smaller and 'just in our neighbourhood' aid program for the long term. This major shift sent a perplexing signal to the world, with Australia abandoning Africa's poorest at a time when Australian mining investment in Africa continues to boom.

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  • INTERNATIONAL

    The trust deficit is international

    • Evan Ellis
    • 20 May 2014
    2 Comments

    Despite the bloodletting of last week's budget, the Australian Government could still find  some 12 billion dollars for 58 Joint Strike Fighters. This is part of the reality of the Asian Century. Australia will need statesmen and women of the highest calibre, but ultimately a lasting peace requires all nations to act together to create an international order that is actually ordered.

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  • RELIGION

    Thinking Christians spurn hammy creationism

    • Chris Middleton
    • 18 February 2014
    33 Comments

    Australian-born creationist Ken Ham argues that every human is descended from Adam and Eve, that God created man and all land animals on the same day 6000 years ago, and that there were dinosaurs on Noah's Ark. The relationship between faith and reason goes to the credibility of being a Christian in the modern world. A minority view within Christianity should not be allowed to frame a false dichotomy between religion and science.

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  • AUSTRALIA

    Gasploitation in Queensland

    • Lily O'Neill
    • 20 January 2014
    6 Comments

    The WA Government recently acquired 3414 hectares at James Price Point near Broome, in the continuing saga to develop the region's liquefied natural gas reserves. Meanwhile, the building of four LNG processing plants on Curtis Island, off Gladstone, Qld, is proceeding smoothly. While the traditional owners of James Price Point have received international attention, traditional owners in Gladstone have barely been heard.

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  • AUSTRALIA

    Best of 2013: Watching as Iraq crumbled

    • Donna Mulhearn
    • 07 January 2014

    I sat with my Iraqi friend in his photo store. I was his last customer, he said; the bombs would begin tomorrow. And then he began to weep. I remember thinking that his life, and the lives of others like him, would not be given a second's thought once the invasion started. The next day, the bombs began.  

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  • AUSTRALIA

    Why miners will backflip on tax

    • John Menadue
    • 18 October 2013
    1 Comment

    Some miners must be wondering whether they took the right course in opposing the Rudd Government's Resources Super Profits Tax, in which taxes would be levied on the profitability of the enterprise rather than royalties. Higher state mining royalties, lower commodity prices and higher costs will put the squeeze on the mining companies. It will be quite delicious to see them then urging a tax based on profits/losses rather than royalties.

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