Search Results: finance

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  • ENVIRONMENT

    Environmentalists' potential allies on the populist right

    • Greg Foyster
    • 03 August 2016
    6 Comments

    The neoliberal right is losing political power to the populist right, which isn't filled with the same ideological zeal for free-market capitalism. Suddenly debates can expand beyond the narrow confines of economic growth. Moral and social arguments won't be relegated to the intellectual fringes anymore. Mainstream parties of the left and right, both of which bought into the neoliberal agenda, will have to break their bipartisan dismissal of discontent with the side effects of globalisation.

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  • ECONOMICS

    Beyond Brexit doomsday myths

    • David James
    • 28 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
    • 27 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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  • AUSTRALIA

    Elder abuse thrives on silence

    • Andrew Hamilton
    • 16 June 2016
    12 Comments

    We all know elderly people who are healthy, active, and blessed with loving families. But the image represents only part of the reality of old age. Many elderly people are ill, have lost their partners, live alone with little connection to their families, suffer from incipient dementia, and are dependent on others for the daily business of living. If they appear at all in the media, it is usually in bad news stories. They are seen as people different from us. A significant minority of older people, too, suffer from abuse.

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  • AUSTRALIA

    A closer look at the AFP's shady Labor raid

    • Justin Glyn
    • 01 June 2016
    14 Comments

    It has puzzled me that the constitutional implications of the AFP's raid on the offices of the official opposition and one of its senators two weeks ago has not been explored in more detail. The uncomfortable fact is that the leaks about which NBN Co is complaining are not damaging because they relate to competition nor to national security, but because they expose cost overruns and reflect badly on the government of the day - the same government which holds all the shares in NBN Co.

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  • AUSTRALIA

    Setting subeditors' slights to rights

    • Brian Matthews
    • 25 May 2016
    6 Comments

    Under election campaign pressure, some names have been misprinted. Mr Malcolm Ternble of Naracoorte wishes to point out that he has not made any public statements on negative gearing and is unsure what negative gearing means. The error was made by a Gen Y subeditor and should have read 'Prime Minister Malcolm Ternbull'. The Foreign Minister was cited as Ms Julia Bishop. The correct nomenclature is Ms Julia Bronwyn. Ms Bronwyn was inaccurately described as a part-time helicopter pilot.

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  • RELIGION

    Catholic bishops deliver election year ethical wedge

    • Andrew Hamilton
    • 19 May 2016
    13 Comments

    The bishops speak less trenchantly than Pope Francis, who criticises sharply the assumptions and practices of neoliberal economics. But in the context of this election, they add their voice to that of those who are concerned about economic assumptions that enrich the few and exempt corporations and business from social responsibility. Their statement will encourage those who see the now notorious behaviour of banks, finance business and corporations as symptomatic of a vicious economic ideology.

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  • ARTS AND CULTURE

    Swept into the milky past

    • Pat Walsh
    • 17 May 2016
    2 Comments

    The sound of my old yard broom, worn bristles rasping the brick path, wet with last night's rain, picks at a faint memory that grows louder with each stroke, and carries me back across borders of seasons, lives and landscapes, to a time of rubbing gumboots sucking through the quickmud, hands hugging mugs of steaming tea, the uphill heartbeat of the engine, the baby bleating of hungry calves, voices cussing and coughing, and the scrape of yard brooms pushing back the tide of muck ...

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  • ECONOMICS

    Negative gearing is the end of the Australian Dream

    • Kate Galloway
    • 28 April 2016
    14 Comments

    Historically, having a largely home-owning population has ensured both the social benefit of housing, and an economic benefit through enforced saving with long-term growth. In contrast, the negative gearing push splits the cultural and economic meaning of home ownership, because it focuses on investment. Negative gearing promotes property ownership but not home ownership. Thus the social benefits of home ownership that we have come to expect give way to bare economic indicators.

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  • ECONOMICS

    Serfs sucked dry in the kingdom of banks

    • David James
    • 18 April 2016
    11 Comments

    Three finance-related events are currently gaining great attention in the media. One is the so-called Panama Papers. Another is the proposal to have a royal commission into the banks. And a third is the furore over the unaffordability of homes and the debate over negative gearing. On the surface they would seem to be quite separate issues. But all three issues demonstrate yet again that banks are, if not the most malign organisations on the planet, then certainly among the most dangerous.

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  • ENVIRONMENT

    Sulphur sunshade is a stupid pollution solution

    • Greg Foyster
    • 14 April 2016
    10 Comments

    Geoengineering means intervening in the Earth's climate to offset global warming. It's hacking the planet on a monumental scale. The most widely studied proposal is spraying sulphate particles into the upper atmosphere to reflect sunlight, cooling the planet. The idea comes from huge volcanic eruptions, which can blast millions of tonnes of sulphur into the stratosphere, creating a kind of chemical sunshade. After decades of being taboo, this outlandish scheme is now being taken seriously.

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  • ARTS AND CULTURE

    Singing and subverting White American history

    • Tim Kroenert
    • 14 April 2016
    1 Comment

    The show's implicit subversiveness runs deep. It is embodied in the fact that its cast consists of mostly Black and Latino performers portraying White characters, using a vernacular and musical styles popularly associated with these cultural groups. It thus stands as a riposte to the history of black/brownface and whitewashing in popular entertainment. Crucially, in a show about 'founding fathers', it is the story's women who not only provide its emotional core but are also the most fundamentally heroic.

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