Search Results: financial crisis

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  • INTERNATIONAL

    Scenes from a city picked clean by investors

    • Francine Crimmins
    • 02 March 2017
    4 Comments

    An unread newspaper tumbles and breaks apart in the wind. A man sits alone on a park bench wondering what it would be like to hear children riding bicycles through the park. As darkness settles the city's workers commence their long journeys home. Not even the music of the street performers is heard anymore. They were all relocated. Car engines hum and airplanes roar. Somehow the city ecosystem continues despite the investment predators having eaten up all other types of life.

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  • INTERNATIONAL

    Trump moves against vulnerable women

    • Catherine Marshall
    • 24 January 2017
    30 Comments

    No-one doubted Trump's ascendancy would deeply fracture the world as we know it. But few of us could have anticipated the swiftness with which his orders would impact some of the world's most disadvantaged citizens: vulnerable, impoverished women. With just one signature, the newly-installed president snatched from these women access to services that are essential to their physical and mental wellbeing and their economic prospects - and, in so doing, endangering countless lives.

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  • INTERNATIONAL

    Bread and circuses in modern Australia and America

    • Julie Davies
    • 23 January 2017
    11 Comments

    I can understand the Trump phenomenon. Hard-working Americans and many Australians are blaming various minorities as responsible for their decline. They are being blinded to the real culprits: our own governments and their wealthy backers. Juvenal's 'bread and circuses', designed to keep the people docile and distracted in Ancient Rome, have been updated to Maccas and manufactured news. And hatred. Are we so easily manipulated? Is the American model the future Australia wants for itself?

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  • ECONOMICS

    Hollowed out labour market stymies equal opportunity

    • Veronica Sheen
    • 12 December 2016
    5 Comments

    Over the last two decades we have seen a process of job polarisation. There has been growth in high end jobs, but mostly in low end jobs, the outcome of which has been the hollowing out of middle level jobs. This hollowing out of the middle also relates to greater wealth polarisation, as French economist Thomas Piketty has brought to light. The labour market is under a lot of pressure from many angles, so what does this mean for the project of women's equal opportunity in employment?

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  • AUSTRALIA

    Bond notes bode ill for Zimbabwe's currency calamity

    • Tariro Ndoro
    • 06 December 2016
    2 Comments

    Last week, the much dreaded bond notes were released into the economy, in a move hoped to alleviate the cash crisis. Most citizens are negative about the move, with good reason - the last time Zimbabwe had its own currency was 2009, when inflation was so high the currency had to be dropped to salvage the economy. Most Zimbabweans remember that time well: every other month citizens had to drive to Botswana to put food on the table because the country's own shops were empty.

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  • ENVIRONMENT

    Ethical reflections on seeking sustainable development for India

    • Frank Brennan
    • 27 November 2016

    'No matter what the economic, political and legal problems confronted by modern day India, our response can be improved by an application of the key principles and norms developed in the international law of trade and human rights, helping to enunciate the realm of law, regulation and political accountability, enhancing public scrutiny providing the right environment for doing business.' Frank Brennan presents the 25th JRD Tata Oration, Xavier School of Management, Jamshedpur, India, 26 November 2016.

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  • AUSTRALIA

    The unique labour conditions of millennials

    • Sonia Nair
    • 27 November 2016
    11 Comments

    Belonging to a generation where I was constantly told I could do anything I set my mind to, I was carted off to every class imaginable as a young child - art class, violin class, music theory class, English literature tutoring and so forth. But the advent of unparalleled choices that was constantly peddled to me did not coincide with an increase in the spaces that are available for young people to excel, or much less be employed, in the fields of their choice.

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  • ECONOMICS

    It will take more than a royal commission to tame the banks

    • David James
    • 09 October 2016
    2 Comments

    The strategy of the Big Four banks' appearance in parliament was clear enough. Blame the whole thing on a need to improve impersonal 'processes', imply that there have been a few bad apples but overall things are fine, and promise to do better in the future. The greatest challenge was probably to hide the smirks. A royal commission is being held up as an alternative, and no doubt it would be more effective. But a royal commission would not address the main issue.

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  • INTERNATIONAL

    Athenian taxi driver's keys to happiness

    • Gillian Bouras
    • 06 October 2016
    6 Comments

    The man's grandparents were from Ithaca, the storied isle, but he himself had always lived in Athens. I learned he had not been driving a cab for very long, but had taken to it when his business failed because of the continuing financial crisis. A familiar tale in the Greece of today, alas. But he acknowledged he was lucky to have a job at all, and went on to say that he had no complaints, because he had realised his ambition. I asked what this was. He replied: 'I have educated my children.'

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  • ENVIRONMENT

    Australian churches off the pace on clean energy switch

    • Thea Ormerod
    • 08 September 2016
    10 Comments

    With the grip of climate change tightening, few seem to understand the urgency of the crisis. This is why the announcement of over 3500 churches in the UK switching to clean power is so significant. At last, a solution presented by religious communities that matches the scale of the problem. They are providing the kind of leadership for the needed transition to an ecologically sustainable future. Unfortunately, one reason why it is so exciting is that we're nowhere near this in Australia.

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  • ARTS AND CULTURE

    Antiheroes of the Bush-Cheney arms boom

    • Tim Kroenert
    • 24 August 2016

    War Dogs is the latest in a string of films from the past few years that are custom made for our cynical times; deeply ironic black comedies and dramas featuring antiheroes who profit to the point of excess off the misery of others. Where those films dealt with the finance industry and gained relevance from the backdrop of the Global Financial Crisis, this one shifts focus to the grimier world of arms dealing, in the context of Bush era conflict in Iraq and Afghanistan.

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  • INTERNATIONAL

    The merits of Trump's economic agenda

    • David James
    • 08 August 2016
    15 Comments

    The main legislative catalyst for the GFC was the repeal, in 1999 by Bill Clinton, of the Glass Steagall Act, which had prohibited commercial banks from engaging in the investment business. This allowed the investment banks to indulge in the debauch of financial invention that almost destroyed the world's monetary system. Trump has made the reinstatement of Glass Steagall official policy. Should that happen, it could be the most beneficial development in the global financial system for decades.

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