Search Results: financial crisis

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

  • 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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  • AUSTRALIA

    Pope's G20 hospital pass to Abbott

    • Andrew Hamilton
    • 14 November 2014
    18 Comments

    The news that Pope Francis has written a letter to Tony Abbott makes one pause. It is usual for Popes to write such letters, and luckily this one is no shirtfront. Instead it will probably be treated as a hospital pass. The trouble with swerving away from hospital passes, though, is that the watchers may see you as cowardly.

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  • INTERNATIONAL

    West Africa needs more international help to defeat Ebola

    • Robert Vitillo
    • 10 November 2014

    There is a general sense of psychological trauma and anger among the people, and a fear of social unrest and a return to civil war. In the communities in which quarantine has been imposed, people do not have access to food, clean water, and other necessities. The countries are depending on increased international assistance will prevent further spread of the virus and a reduction of irrational fear, stigma, and discrimination in local communities.

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  • AUSTRALIA

    Red tape leaves Australia with compassion deficit

    • Michael Mullins
    • 20 October 2014
    14 Comments

    Australia has been unable to secure an ‘ironclad’ guarantee from a closer country that it would treat an Australian worker who contracted the Ebola virus in West Africa. Why would they open their hearts to West African Ebola victims and not to Australians?  Thinking that imposes red tape on Australian humanitarian workers with demands of ironclad guarantees defies the logic of compassion.

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  • AUSTRALIA

    Hervey Bay boat arrival from Ireland

    • Frank Brennan
    • 22 September 2014
    5 Comments

    Considering my indebtedness to the two Aborigines who met [my family's ship arriving in Hervey Bay from Ireland] 151 years ago, I owe it to all my fellow Australians to agitate these issues of law, morality and politics here in Ireland so that back in Australia, the homeland which, in my religious tradition, was known as the Great South Land of the Holy Spirit.

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  • ECONOMICS

    Australia's delayed GFC

    • David James
    • 08 September 2014
    7 Comments

    What is only now starting to come into focus is the extent to which the whole economy is in hock to house prices. A sharp fall in the housing market will put intense pressure on our major lending institutions, leading to a deeply depressing effect on all parts of the economy. The regulators, as ever, are taking a hands-off approach.

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