Search Results: banks

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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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  • ARTS AND CULTURE

    Ten movies that really got to us this year

    • Tim Kroenert
    • 13 December 2016
    3 Comments

    Amid the noise of Batman battling Superman, the Avengers turning against each other, and middle aged fanboys whingeing about the Ghostbusters franchise being revitalised with an all-female lead cast, 2016 has actually been a pretty solid year for movies, both in and outside of Hollywood. We haven't had time to see them all (we have a magazine to publish, after all) but nonetheless here is a list of our ten favourite films reviewed in Eureka Street this year.

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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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  • ARTS AND CULTURE

    Finding yourself in the language of the Other

    • Tim Kroenert
    • 14 November 2016
    1 Comment

    In science fiction, stories of first contact typically have as much to say about humanity as they do about the extra-terrestrial creations of the author's imagination. Mary Doria Russell's 1998 novel The Sparrow explores the consequences of a Jesuit-led mission to a planet near Alpha Centauri, which are profound for the planet's sentient inhabitants and devastating for the human travellers. As in The Sparrow, language is central to Quebecois filmmaker Denis Villeneuve's philosophically piquant first contact story Arrival.

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  • INTERNATIONAL

    Understanding Trump the businessman President

    • David James
    • 09 November 2016
    17 Comments

    The first step for a business person is to make the sale, usually by over-promising and tapping into the emotional triggers of the customer. That is what Trump did. Over and over, he assured everyone that electing him would be 'fantastic'; he would deliver; customer-value is in the bag. The next step, once the sale is made, is for a hard financial logic to be applied. Trump's hype will be, at the very least, toned down. Once the customer has coughed up, business people typically become extremely pragmatic.

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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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  • CARTOON

    Piggy banks

    • Fiona Katauskas
    • 04 October 2016
    3 Comments

    This week's offering from Eureka Street's award winning political cartoonist.

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  • ECONOMICS

    Morality is back on the economic agenda

    • Andrew Hamilton
    • 19 September 2016
    4 Comments

    It is a welcome change to see budgets spoken of in moral terms. The government recently insisted on a moral responsibility to future generations to fix the deficit. And the Australian Catholic bishops welcomed on moral grounds the compromise that saw dropped from the budget measures which would further disadvantage vulnerable people. The difference was that the government's argument was focused on the budget, whereas the bishops' focused on particular groups of people.

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  • RELIGION

    Purifying language vital to renewing 'polluted' churches

    • Andrew Hamilton
    • 31 August 2016
    15 Comments

    Dowling, who was a victim of clerical abuse, offers a program of reflections that bring together scriptural themes and the effects of sexual abuse. Most striking is the extraordinary labour required to purify the language of a tradition that has become polluted. This is vital not simply as a therapeutic exercise but as a condition for renewal and reconciliation. It may also be pertinent to wider society, where Brexit and the Trump phenomenon have been characterised by a coarsening of public language.

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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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  • ECONOMICS

    Beyond Brexit doomsday myths

    • David James
    • 27 June 2016
    15 Comments

    Had Greece decided to exit the EU last year the consequences would have been far greater than Brexit, because Greece uses the euro, whereas Britain has the pound. British interest rates are not set in Brussels, they are set by the Bank of England. And it has an independent fiscal and budgetary system, to the extent that it is possible. The British government has been imposing 'austerity' measures because it subscribes to neoliberal orthodoxy, not because it is being told to do so by Brussels or Germany.

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  • AUSTRALIA

    'War on business' rhetoric echoes '07 union bashing

    • Brendan Byrne
    • 26 June 2016
    15 Comments

    Whether or not the person in the now notorious 'fake tradie' ad is or isn't a 'real' tradie is irrelevant. What is relevant is that it is a primary example of the co-option of the language of class struggle and economic justice that has so thoroughly poisoned economic debate in the industrialised West. Implicit within it is a patronising view of the working class that dismisses them as gullible dupes who can be made to entrench the privilege of the few in return for the paltry crumbs of consumer hedonism.

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