Search Results: debt

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  • AUSTRALIA

    What is a brown body worth?

    • Somayra Ismailjee
    • 02 February 2016
    6 Comments

    A perception of Muslims as 'savage' and antithetical to peace accounts for incidents where overtly racist people can rejoice easily at the loss of human life, to little negative reaction. When a person is deemed unworthy or bereft of humanity, their death becomes gruesomely welcome. While Islamophobia itself does not define racism, Muslim people exemplify ideas of a cardinal threat against the Anglocentric West, which laterally affects how brown non-Muslim minority groups are treated.

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  • ECONOMICS

    Consequences loom for global debt binge

    • David James
    • 18 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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  • ECONOMICS

    New world order of gas and finance

    • David James
    • 14 December 2015
    3 Comments

    In the early 1990s, America, Europe and Japan accounted for about 90 per cent of world GDP. Now, they account for less than half. The BRICs and other developing nations have grown steadily (in China's case spectacularly) while Europe has stagnated and America has sputtered at best. Recent developments in the geopolitics of fossil fuels and in finance confirm the perception that the rise of China and the developing world spells the end of US global hegemony. Against this backdrop, the narrative of the West has grown increasingly incoherent.

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  • AUSTRALIA

    Are corrupt bankers terrorists?

    • Justin Glyn
    • 13 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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  • RELIGION

    Pope Francis and the face of mercy

    • Frank Brennan
    • 08 December 2015
    2 Comments

    'I joined the Jesuits in 1975 just as the previous 32nd General Congregation (GC32) was concluding. Pedro Arrupe was at the height of his powers. That Congregation asked the question: 'What is it to be a companion of Jesus today?' and answered unequivocally, 'It is to engage, under the standard of the Cross, in the crucial struggle of our time: the struggle for faith and that struggle for justice which it includes.' I have always regarded myself as a GC32 Jesuit. Many of those who gathered for GC33 thought that the GC32 mission was a little too one-dimensional. I suspect Bergoglio was one of those.' Frank Brennan on the eve of the Catholic Church's Jubilee Year of Mercy.

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  • AUSTRALIA

    What led to the trashing of Christmas Island

    • Andrew Hamilton
    • 25 November 2015
    6 Comments

    Questions remain regarding the recent death and disturbance on Christmas Island, posed by the responses by New Zealand and Australian government ministers to the unrest. New Zealand Internal Affairs Minister Peter Dunne compared the Christmas Island regime to Guantanamo Bay. Australian Minister for Immigration Peter Dutton emphasised the $10 million damage to property. Both responses were partial. At a deeper level the riot was the predictable outcome of a brutal government policy.

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  • ARTS AND CULTURE

    My own personal recession

    • Isabella Fels
    • 17 November 2015
    5 Comments

    My recession digs deep. In many ways I cannot take a leap as I would if I had heaps of money. How I would love to buy all sorts of goodies and never deny myself anything! How I wish I could be given a handout and make easy money, and throw money around everywhere I go! I feel myself learning the value of money the more I yearn for the dollar. In many ways it makes me feel stronger to make my money last longer, rather than constantly being lured by the dollar, and being easy fodder.

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  • AUSTRALIA

    Housing fantasy quashed by culture of entitlement

    • Ellena Savage
    • 05 November 2015
    23 Comments

    When I was a child, the house I longed for in my adult future was blonde-bricked, double-storied, concrete-paved, white-carpeted. Now I am older, and renting a room in such a house is possible, if I share the place with six other paying adults. Because it is 2015, I live in Melbourne (the sixth-least affordable city to live in in the world), and am not a merchant banker. No concrete plot will ever by mine, I say in tune with the million other people my age who have just assimilated that knowledge.

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  • AUSTRALIA

    Contours and prospects for Indigenous recognition in the Australian constitution

    • Frank Brennan
    • 15 October 2015
    2 Comments

    I acknowledge those Aborigines and Torres Strait Islanders who insist that they have never ceded their sovereignty to the rest of us. I join with those Aborigines and Torres Strait Islanders who hope for better days when they are recognised in the Australian Constitution. As an advocate for modest constitutional recognition for Indigenous Australians, I respect those Aborigines and Torres Strait Islanders who question the utility of such recognition. But I do take heart from President Obama's line in his Charleston eulogy for the late Reverend Clementa C. Pinckney: 'Justice grows out of recognition'.

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  • AUSTRALIA

    Shorten and Clinton's joust with the past

    • Jim McDermott
    • 21 September 2015
    3 Comments

    US presidential hopeful Hillary Clinton is not just an astonishingly brilliant candidate; she is the wife of President Bill Clinton, who flamed out spectacularly in the late 1990s over revelations that he was having an affair with an intern. He has been mostly nowhere to be seen so far in the campaign, and that's undoubtedly an intentional move meant to keep that complicated, messy past out of the conversation. The past haunts Australian Opposition Leader Bill Shorten in a different but no less significant way.

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  • Reshaping the public space: Lessons for Australian refugee, Aboriginal and climate policy

    • Frank Brennan
    • 17 September 2015

    Pope Francis's concerns are not narrowly dogmatic or pedagogical but universally pastoral. He knows that millions of people, including erstwhile Catholics, are now suspicious of or not helped by notions of tradition, authority, ritual and community when it comes to their own spiritual growth which is now more individual and eclectic. He wants to step beyond the Church's perceived lack of authenticity and its moral focus on individual matters, more often than not, sexual. He thinks the world is in a mess particularly with the state of the planet — climate change, loss of biodiversity and water shortages, but also with the oppression of the poor whose life basics are not assured by the operation of the free market, and with the clutter and violence of lives which are cheated the opportunity for interior peace. He is going to great pains to demystify his office. He wants all people of good will to emulate him and to be both joyful and troubled as they wrestle with the probl

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  • AUSTRALIA

    Operation Fortitude aftershocks

    • Andrew Hamilton
    • 06 September 2015
    9 Comments

    Actions taken in the Immigration Detention Centre after the 28 August aborted Border Force operation involved the use of force and intimidation on people who are being detained. Not for their misdeeds or any threat they pose, but for the convenience of the Department. And they disclose what happens when ABF officers are permitted to to use any force they think necessary without proper accountability.

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