Search Results: financial crisis

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

  • ECONOMICS

    Labor's negative gearing heroics alone won't save us

    • David James
    • 26 February 2016
    8 Comments

    It is not often that federal political parties exhibit courage. Labor's decision to change the rules on negative gearing is a rare instance. It targets what is most dangerous and unfair in our financial system. Expect howls of protests from powerful lobby groups if it ever looks like becoming policy. But these changes alone won't be enough to deal with the ills of the financial system. While they are designed to target the bias away from productive investment, they won't remove the attraction towards property.

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  • INTERNATIONAL

    Why Australia is missing the revolution

    • J. R. Hennessy
    • 19 February 2016
    23 Comments

    The aftershocks of the late-century push for liberalisation and the GFC have bred generations of dislocated voters who seek answers outside of the limited solutions of centrist governance. This provides ample opportunity for true progressive change, as seen in Europe and Latin America, and now the US and UK. Where's Australia? Nowhere to be seen. It is hard to imagine a truly progressive candidate emerging from our ossified political structures. There are a few reasons for this.

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  • ECONOMICS

    Consequences loom for global debt binge

    • David James
    • 19 January 2016
    11 Comments

    Low interest rates tend to change the understanding of risk; having high debt seems to be less of a problem because the cost of servicing it is lower. This cavalier attitude has been especially evident in Australian households, which have racked up more debt relative to the size of the economy than any other country in the world. The massive appetite for debt has been replicated across the globe. The world may have survived the era of casino money - just - but it is now facing another crisis.

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  • AUSTRALIA

    Are corrupt bankers terrorists?

    • Justin Glyn
    • 14 December 2015
    4 Comments

    There is a new proposal from Prime Minister Malcolm Turnbull that those convicted of terrorism offences are to be remanded in jail even after they finish serving their sentences. Given that the pressing of terrorism charges has already proven to be a highly subjective practice, there is good reason to fear that any new powers to detain people beyond the expiration of their sentences for terrorism offences will, like the offences themselves, be applied in a politically selective manner.

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  • ENVIRONMENT

    Paris climate talks offer real/last hope for meaningful action

    • Fatima Measham
    • 11 November 2015
    6 Comments

    The UN Climate Change Conference in Paris is set to become the last opportunity for meaningful global action. The signs so far bear optimism, as the impetus for a binding international agreement to tackle the severity and effects of climate change has taken a turn. In order to better understand why, and appreciate the difference that a few years can make, it is worth revisiting why Copenhagen was such a disaster. The most meaningful difference between then and now involves leaders.

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  • AUSTRALIA

    Breaking the silence in the kingdom of the sick

    • Ellena Savage
    • 09 October 2015
    7 Comments

    While suffering from cancer, Susan Sontag suggested that it, like tuberculosis the previous century, was a disease shrouded in metaphor, morality, and silence. As time passed and the AIDS epidemic raged, she expanded her analysis to include that virus. What would she think of today's culture around mental illness? Like allergies, some of the origins of mental illnesses are societal. And the social and political conditions which produce illness are not generally a part of the medical project.

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  • ECONOMICS

    Chinese economy a work in progress

    • David James
    • 14 September 2015
    1 Comment

    The recent ructions in the Chinese stock market set off great consternation in global financial markets, but for the most part this was a display of ignorance. One of the reasons China’s influence on global markets has been so beneficial, since at least 2007, is that its economy and financial markets are so different.

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  • AUSTRALIA

    A moment of compassion and solidarity that nurtures hope

    • Andrew Hamilton
    • 11 September 2015
    16 Comments

    A fortnight ago political conversation about asylum seekers had to do with turning back the boats, the links between terrorism and religious identity, exporting our Stop the Boats policy to Europe, the seductive dangers of compassion, and attempts to wedge other parties on the basis of their softness. Now it appears we have moved on, and for that Mr Abbott deserves our ungrudging gratitude, whatever side of politics we stand on.

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  • AUSTRALIA

    Why calls for compassion for refugees don't work

    • Tim Robertson
    • 09 September 2015
    3 Comments

    Writing in The Australian this week, Chris Kenny declares: 'Emotion, moral vanity, political posturing and good intentions won't be much of a guide when it comes to making the right decisions and delivering the best results'. He and like minded opinion writers get so much traction because they're essentially correct. Compassion alone is not enough.

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  • The insights of Pope Francis in shaping Catholic health and aged care

    • Frank Brennan
    • 26 August 2015
    7 Comments

    When addressing Italian doctors last November, Pope Francis quoted St. Camillus de Lellis who suggested that the most effective method in caring for the sick was simply to 'Put more heart into those hands.' Let's do something to change the market settings and political settings here in Australia to modify the behaviour of all Australians in the future, and let's attend to our own Franciscan interior ecological conversion with our care for the vulnerable.

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  • AUSTRALIA

    Coalition tactics on marriage and climate change risk self-destruction

    • Andrew Hamilton
    • 17 August 2015
    25 Comments

    The consequences of the present Coalition manipulation will be that the hostility between opponents and proponents of legalisation is likely to be intensified, and the proper way to resolve the issues involved seen to lie in the untrammelled exercise of power and not in reasoned conversation. In such a climate, any appeal to other values at stake in legislation, such as religious freedom, will be regarded simply as self-interest, and will be overridden by the principle of non-discrimination.

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  • AUSTRALIA

    Politicians' cognitive dissonance over blaming the system

    • Fatima Measham
    • 11 August 2015
    12 Comments

    Words like rorter, bludger and leaner only ever seem to apply to those who apply for welfare. A politician who draws down unreasonably on entitlements or a banker who earns stratospheric bonuses are seen as passive beneficiaries of the system. It seems the case that only those with power or capital are allowed to blame systems. The rest of us get to be individuals who make choices.

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