Welcome to Eureka Street

back to site
Forgot your password?
Subscribe

Search Results: GDP

  • AUSTRALIA

    Look to Finland for housing solutions

    • Dustin Halse
    • 07 August 2019
    7 Comments

    Robert Harris' The Gang of One ranges through Harris' five published books and a number of uncollected poems. Early work grows from his occasionally lonely, knockabout life and reveals not only a talent for catching the essence of fleeting memories and perceptions but also a mordant touch that gives edge to memory.

    READ MORE
  • ECONOMICS

    NZ's riposte to modern economic myths

    • David James
    • 02 July 2019
    5 Comments

    While money can be transacted for things that are bad — air pollution, road deaths, cigarette ads — as long as more transactions occur, it creates the illusion the economy is growing, which, ipso facto, is good. Thus, Japan's GDP rose sharply after the tsunami disaster. New Zealand's initiative will track better what is really happening in the country.

    READ MORE
  • ECONOMICS

    Lines drawn for Trump's economic war

    • David James
    • 07 June 2019
    5 Comments

    The globe is being split into two, with Australia nervously sitting between the two sides: America and China. At least we have a trade deficit with America so are not an immediate target. But we might want to consider becoming more self-sufficient and broadening our industrial base.

    READ MORE
  • ECONOMICS

    Could Labor fuel a property revolution?

    • David James
    • 07 May 2019
    5 Comments

    The Australian economy rests on a decades-long property gamble that has disenfranchised younger generations. It is why the differing policies of the two major parties at the federal election take on an unusual significance. The voters' choice will go a long way towards determining if that generational split will get better or worse.

    READ MORE
  • ARTS AND CULTURE

    Enjoying myself alone, if only for once

    • Lu Piao
    • 04 March 2019
    1 Comment

    Racing along the Shenyang-Hainan Island Freeway alone. Going across the Hangzhou Bay alone. Playing amidst the Zhoushan Archipelago alone. Staying in a mountain village alone. Occupying a presidential suite alone. Using eight dinner sets alone. Drinking three hundred glasses alone.

    READ MORE
  • ECONOMICS

    The true lesson of capitalism

    • David James
    • 15 January 2019
    2 Comments

    One of the most basic distinctions in finance, with which any stockbroker or fund manager is familiar, is that between equity and debt. As the global economy teeters on the edge of a debt and banking crisis, with global debt more than 300 per cent of global GDP, the merits of equity is something that needs to be better understood.

    READ MORE
  • ECONOMICS

    Compound interest is the root of banks' evil

    • David James
    • 04 December 2018
    7 Comments

    The problem goes much deeper than a few crooked operatives and it will not be fixed by changing the corporate 'culture'. The fundamental evil is the arithmetic of compound interest. Interest on debt rises exponentially, while economic activity is linear. That means that sooner or later those in a weaker position are unable to pay.

    READ MORE
  • AUSTRALIA

    The incoherence of MPs' migration mentality

    • Fatima Measham
    • 11 October 2018
    7 Comments

    New South Wales premier Gladys Berejiklian's call to halve the state's migrant intake, and Federal minister for cities Alan Tudge's proposed a mandatory five-year regional settlement scheme for migrants, have both left policy observers scratching their heads. And with good reason.

    READ MORE
  • ECONOMICS

    Australia's deadly game of mates

    • David James
    • 14 August 2018
    6 Comments

    Murray and Frijters detail what they call Australia's 'grey corruption': the grubby nexus between 'James' (corrupt business people) and governments or regulators. The Jameses thrive at the expense of the 'Bruces': ordinary working people. The games of the corrupt elite now cost the 'Bruces' about half their wages.

    READ MORE
  • INTERNATIONAL

    All hail Queen Jacinda

    • Morgan Godfery
    • 02 July 2018
    3 Comments

    New Zealand’s Jacinda Ardern is a global celebrity: a prime minister on parental leave and a social democrat who can actually win elections. But is New Zealand really the left-wing paradise the global left wants it to be?

    READ MORE
  • 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.

    READ MORE
  • ECONOMICS

    Tax cuts good politics, but not good policy

    • Joe Zabar
    • 12 May 2018
    2 Comments

    The proposed tax cuts will create long-term structural changes to government revenue sources, which may prove to be economic folly in future-proofing Australia against global economic shocks, and in dealing with current unmet needs of poor and vulnerable Australians.

    READ MORE