Search Results: debt

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  • ARTS AND CULTURE

    David v Goliath in the beautiful British countryside

    • Megan Graham
    • 15 August 2017

    One lone man daring to interfere with the evil plans of the rich and powerful: it’s not exactly a new angle, but there are a few scraps of satisfaction to be found in Joel Hopkin’s latest film Hampstead – just not in the realm of originality. It’s a sleepy story that meanders along with a mildly pleasant mediocrity.

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  • ECONOMICS

    Of murderers, bastards and inequality: neo-liberalism's failure

    • Andrew Hamilton
    • 15 August 2017
    18 Comments

    Cometh the hour, cometh the third murderer. So now inequality is in the spotlight and is being booed off the stage. It is blamed for the rise of populist politics, and more fundamentally for economic stagnation. The economic neo-liberal orthodoxy, that so implausibly claimed that economic competition unfettered by government regulation would benefit all of the citizens, has produced the gross inequality that hinders economic growth. 

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  • ECONOMICS

    Where is money headed?

    • David James
    • 29 July 2017
    2 Comments

    The daily fluctuations of financial markets and the fractious debates over economic policy are concealing something deeper and much more disturbing. The future of money itself is in question. A decade after world banking almost collapsed in the global financial crisis, the questions raised have not been answered.

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  • RELIGION

    NAIDOC Week homily

    • Frank Brennan
    • 02 July 2017

    There is no point in proceeding with a referendum on a question which fails to win the approval of you, the First Australians. Neither is there any point in proceeding with a referendum which is unlikely to win the approval of the overwhelming majority of the voting public, regardless of when they or their ancestors first arrived in Australia. Given that you Indigenous Australians have spoken strongly through your representatives at Uluru in support of a First Nations Voice, it is now for the Referendum Council to recommend to government a timetable for constitutional change with maximum prospects of a 'Yes' vote.

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  • ECONOMICS

    Bitcoin revolution is a matter of trust

    • David James
    • 29 June 2017
    2 Comments

    One of the more interesting recent developments in finance has been the creation of Bitcoin and other crypto-currencies. They are being touted as a revolution in how we think and use money. Alternately, there are many who want to go in the opposite direction, back to the gold standard. Both sides have a common enemy: money whose value is determined by government dictate. Allowing governments to dictate in this way, they argue, is the core of the problem. To a significant extent, they are wrong.

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  • RELIGION

    Reconciliation and mission

    • Frank Brennan
    • 14 May 2017

    The reconciliation of this vertical relationship is possible only through the mediation of Jesus who embodies, lives and dies the reality of this reconciliation. He puts us right with our God and thereby establishes the basis for right relationship with each other. In many countries such as Australia, Timor Leste and South Africa, the public rhetoric and programs for reconciliation have, at least in part, been informed and underpinned by this theological perspective.

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  • ECONOMICS

    Budget's bank slug flouts the property precipice

    • David James
    • 09 May 2017
    3 Comments

    The $6.2 billion the government will raise through a levy on bank liabilities not only shows how out of favour banks have become, it is also, in effect, a de facto tax on property lending - a counterbalance to negative gearing and capital gains tax breaks. It is a tax on property lending because nearly all the banks' loans are mortgages for housing, or business loans secured with property. Of course the banks will pass the extra cost on to their customers, so it becomes a tax on borrowers.

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  • RELIGION

    Finding meaning in a chaotic/changing world

    • Frank Brennan
    • 07 May 2017
    1 Comment

    Our Church is presently a strained, outdated social institution with an exclusively male hierarchy and clergy. But it is also the privileged locus for us to be called to the banquet of the Lord sharing theology and sacrament which have sustained the hearts and minds of similar pilgrims for two millennia. Thank God for Pope Francis who is showing us the way, helping us to find meaning in our changing and chaotic world, putting a fresh spring in the step of all those Catholics holding in tension the prophetic and the practical, the theological and the humanist, the tradition and the contemporary reality.

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  • AUSTRALIA

    Seeking a fair go on budget night

    • Frank Brennan
    • 06 May 2017
    7 Comments

    Part of the cost of the double dissolution election last July has been the creation of a Senate with the largest, most diverse group of crossbenchers ever. This will make the passage of any new contested Budget measures difficult, particularly given the Prime Minister’s vulnerability on his right flank, and the Labor Party's propensity to mimic the Opposition tactics adopted previously by Tony Abbott. The government needs to create a clear narrative as to how it will achieve equitable and sustainable growth through this Budget.

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  • INTERNATIONAL

    Unis share blame for profit motive funding model

    • Binoy Kampmark
    • 02 May 2017
    14 Comments

    For various reasons, 'free' education in Australia has been qualified by HECS, which actually serves to wedge the liquid incentive of government and educational institutions on the one hand with the need for students to obtain affordable education on the other. Even that balance is now under threat, with a pre-budget announcement suggesting cuts to university funding and increasing costs to student degrees are in the offing. Universities are far from blameless in the present distorted funding model.

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  • PODCAST

    ChatterSquare S01E07: Good or bad debt, the first 100 days of Trump, and Pope Francis talks TED

    • Podcast
    • 01 May 2017

    Is there such a thing as bad debt when it comes to national budgets? Is infrastructure spending a great idea by default? We also take a glance at the first 100 days of the Trump presidency. As an antidote, we finish with a quick reflection on the latest moves by Pope Francis.

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  • AUSTRALIA

    We are all neoliberals now

    • Tim Robertson
    • 19 April 2017
    13 Comments

    One of the challenges for progressive parties is to look beyond the existing neoliberal framework for solutions to the current malaise. Labor is so steeped in neoliberal orthodoxy that, even if it was willing to evolve, it's likely incapable of doing so. And while much of the intellectual heavy lifting in forming a picture of what a post-neoliberal future may look like will be done outside organised politics, Labor remains completely unengaged with almost all of these debates.

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