Search Results: financial crisis

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

  • AUSTRALIA

    Why we aren't more shocked by Nauru revelations

    • Tim Robertson
    • 05 August 2015
    13 Comments

    The politicians have an excuse: they have vested interests. But what about the rest of us? Has the rape and torture of asylum seekers, many of them children, in institutions established at the behest of Canberra, become so commonplace that it no longer shocks? It's not that empathy is an emotion particularly lacking in Australia. But there remains a disconnect between 'us' and asylum seekers.

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  • ECONOMICS

    Rich retirees may need the aged pension

    • David James
    • 31 July 2015
    6 Comments

    There has been great pressure on both of the major political parties to stop giving so-called rich retirees partial pension income. The conventional view has become that retired millionaires should not be feeding off the public teat. But in terms of income, many of those 'rich retirees' would actually be better off on the pension.

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  • AUSTRALIA

    The Government's inconsistent ethical argument for coal

    • Andrew Hamilton
    • 27 July 2015
    15 Comments

    The Federal Government's ethical argument for coal is that it is the most readily available and cheapest resource for generating electricity for the development of poorer countries. The structure of this argument based on our duty to the poor is significant. It assumes that governments, mining companies, banks and the people who invest in them a duty to consider the effects of their actions on people both in their own nations and in other nations.

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  • RELIGION

    Encyclical's groundbreaking critique of technology

    • Paul Collins
    • 15 July 2015
    9 Comments

    While Francis has no time for technological solutions and 'fixes' for complex ecological problems, he is no techo-Luddite. What he does is link technological knowledge to power and says that those with this knowledge and the economic resources to use it, gain 'an impressive dominance over the whole of humanity and the entire world.'

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  • RELIGION

    'The Australian' gangs up on Pope Francis

    • Bruce Duncan
    • 10 July 2015
    37 Comments

    In a series of articles, The Australian newspaper has strongly criticised the new encyclical Laudato Si', with editor-at-large Paul Kelly charging that the Pope has 'delegitimised as immoral' pro-market economic forces. This is wrong. Pope Francis is not opposed to the free market in principle, but insists that it be well regulated to ensure social justice for all involved.

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  • ECONOMICS

    The IMF has failed Greece

    • David James
    • 01 July 2015
    6 Comments

    International Monetary Fund prescriptions have a long history of failing, and countries that ignore them are often the ones that do surprisingly well. Few have been asked to be more servile than the Greeks. When the IMF came in with what is amusingly referred to as its austerity 'plan', the Greek economy was expected to grow at over 2 per cent. After the 'plan' had taken effect, the country’s economy had shrunk by a quarter.

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  • AUSTRALIA

    Young people not supported after they leave care

    • Philip Mendes
    • 17 March 2015
    2 Comments

    There are currently two national inquiries into the experiences of children in out-of-home care. Yet neither is specifically exploring what happens to young people transitioning from care. This is like a football team putting in a good performance in the first half but neglecting the second, which decides the outcome.

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  • ARTS AND CULTURE

    The dark side of a migrant's American Dream

    • Tim Kroenert
    • 05 March 2015

    Abel's life is pointedly contrasted with Peter's, a young truck driver who has been the victim of several violent assaults on the job. Peter idolises Abel, for whom the Dream has apparently come true — if Abel can make it, so too can Peter. The problem is that Abel's Dream stands on the backs of ordinary workers like Peter. Peter is a tragic antihero coming to learn that for many, the Dream will remain just that.

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  • Soul-destroying refugee policy shames Australia

    • Aloysious Mowe
    • 25 February 2015

    Just before Christmas last year, the United States Senate Select Intelligence Committee released its report on the CIA's Detention and Interrogation Program, and its use of torture on detainees between 2002 and 2006. Among the report's key findings was the fact that the brutality of the torture and the harshness of the detention regime went beyond what the CIA. had reported to policy-makers (in other words, the CIA deliberately misled its Senate overseers); that the CIA's claims for the effectiveness of torture to obtain information that was vital for national security were inaccurate and unfounded; that the torture regime had damaged the standing of the United States, and resulted in significant costs, monetary and otherwise; that personnel were rarely reprimanded or held accountable for violations, inappropriate activities, and systematic and individual management failures. Read more

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  • AUSTRALIA

    The financial crisis the Government wants us to have

    • Colin Long
    • 09 February 2015
    19 Comments

    The Coalition Government falsely claims that Medicare co-payments and cuts to welfare and publicly funded institutions such as the CSIRO and the ABC are necessary to 'fix Labor's mess'. There are indeed structural problems with the economy, but essentially the plan is to strip the public sector by cutting universal access to a range of services that also includes tertiary education, to create a dominant free market that marginalises Australians on low incomes.

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  • ECONOMICS

    Hapless Joe Hockey

    • David James
    • 10 December 2014
    12 Comments

    One of the fascinating aspects of Australia's political pantomime is the manner in which the Federal Treasurer is forced to metamorphose into a used car salesman who is spruiking the Australian economy. One reason for the relative impotence of the Treasurer is that the Federal government only has control over fiscal policy. Monetary policy, the interest rate, is set by the Reserve Bank, not the government.

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  • ECONOMICS

    Why the rich are getting richer

    • David James
    • 19 November 2014
    6 Comments

    Investing capital in the production of goods and services may create jobs, but it's not the best way to make money. It's more profitable to manipulate the financial system to create more money from money, which is why the finance sector does so well. The polarisation of wealth is less extreme in Australia, but we have our own capital-driven Ponzi scheme - the residential property market, which has become an exercise in making money out of money. 

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