Search Results: financial crisis

There are more than 200 results, only the first 200 are displayed here.

  • RELIGION

    Accountability a virtue in churches and banks

    • John Warhurst
    • 22 May 2018
    33 Comments

    General apologies don't go far enough. Compensation is necessary, but also not enough. The reputation of the church would now be higher if there were more obvious signals of accountability by those in charge. The offer of resignation made as a group to Pope Francis by the entire Chilean hierarchy is a breath of fresh air.

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  • ECONOMICS

    Japan could lead the way in forgiving debt

    • David James
    • 14 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

    The radical state of being content

    • Fatima Measham
    • 12 April 2018
    10 Comments

    How comfortable does anyone really need to be? The amounts of money that get quoted in remuneration packages or property portfolios is incomprehensible to many Australians who manage to survive, even thrive, on so much less. Inequality seems to be driven by an incapacity to recognise what is enough and to stop.

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  • AUSTRALIA

    Exploiting the housing crisis

    • Sue Stevenson
    • 16 March 2018
    10 Comments

    The struggle of workers has changed a lot since the 1850s, when stonemasons won the right to an eight-hour day. With the rise of contract work and the hustle of the gig economy, a lot of the fights won by workers don't even make much sense. Consider the following Facebook ad an outer Melbourne resident: FREE ROOM IN EXCHANGE FOR HELP.

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  • ECONOMICS

    No economy of exclusion and inequality

    • Joe Zabar
    • 27 February 2018

    'Francis' statement is not one merely for theological or academic contemplation. It is in effect Francis' call to establish a new benchmark for our economy, one where exclusion and inequality are no longer a natural and accepted consequence of its operation.' Director of Economic Policy for Catholic Social Services Australia addresses the CSSA annual conference in Melbourne, February 2018.

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  • ECONOMICS

    Welcome to the Matrix of materialism

    • David James
    • 27 January 2018
    7 Comments

    A visitor from an earlier time would be stunned to see how much we understand the world using monetary measures. Finance has come to be considered the first reality, not defined by, or reflecting, reality. To see how this creates distortions, consider GDP, which is taken to be a reliable measure of national wellbeing, but in fact is anything but.

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  • ECONOMICS

    Economic doom looms in Oz's game of homes

    • David James
    • 12 December 2017
    1 Comment

    It is not difficult to imagine a scenario where the game of musical chairs in Australia will come to a shuddering end, imperilling the banks and dragging the economy into a deep recession. As we saw in the GFC in America and Europe, government money will be thrown at the banks to rescue them at the expense of ordinary citizens.

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  • INTERNATIONAL

    Undermining NZ: Dutton's refugee ploy

    • Binoy Kampmark
    • 20 November 2017
    9 Comments

    These sprinklings of poison through the press, with occasional mentions in New Zealand, serve two purposes: to show Australian refugee policy as sound, and offshore detention and resettlement in an unsuitable third country as appropriate; and to deflect attention from the discharge of obligations under the UN Refugee Convention.

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  • ECONOMICS

    In the end, debts cannot be paid

    • David James
    • 08 November 2017
    3 Comments

    Once upon a time, usury was considered a sin and lending was subject to strict controls. Now, the world is in the grip of usury. It cannot continue. At some point it will have to be retired, or swapped to equity. A good place to start is third world debt, which is the most immoral variant.

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  • ECONOMICS

    World trade is now America versus China (and Russia)

    • David James
    • 23 August 2017
    4 Comments

    The anti-Russian frenzy in the United States amounts to little more than a great deal of evidence that the intelligence community suspects there might be a great deal of evidence that the Russians have been meddling. It has to rank as one of the biggest, and most orchestrated, blind alleys of modern media coverage. When a journalist says an anonymous ‘respected source’ thinks the Russians are up to something, this writer is always left wondering: respected by whom? His dog?

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  • ENVIRONMENT

    The renewables debate is won, but we may still lose the war

    • Greg Foyster
    • 17 August 2017
    9 Comments

    In the last few years, vested interests have changed their strategy for opposing action on climate change. Where they once focused on denying the problem, they’re now putting their efforts into sabotaging the solutions. Instead of funding fake experts to say the ‘science isn’t settled’, fossil fuel companies and their political backers have been running a smear campaign against renewable energy technologies like wind turbines, solar panels and batteries.

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  • ECONOMICS

    Where is money headed?

    • David James
    • 30 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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