Search Results: global financial crisis

  • AUSTRALIA

    The public, the Church, and asylum seekers

    • Frank Brennan
    • 13 August 2013
    1 Comment

    'Like many Australians, I had hoped that the dastardly plan announced on 19 July would stop the boats in the short term, as a stop-gap measure. It is dismaying to learn that appropriate consultations had not occurred with Indonesia with the result that the very people who were to receive the shock and awe message are yet to receive it. There’s only one thing worse than shock and awe; that’s shock and awe that doesn’t work because you haven’t done your homework.' 43rd Barry Marshall Memorial Lecture, Trinity College Theological School, 14 August 2013.

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  • ECONOMICS

    Which party really has the economic smarts?

    • David James
    • 13 August 2013
    3 Comments

    As the China boom fades Australia is experiencing a delayed version of the GFC, without the banking crisis. Until now we've been reasonably well served by both sides of politics, in terms of macro-economic strategy. Now we require a way of dealing with more mundane economic issues like productivity and efficiency. Neither side has many good ideas about how to achieve the required structural shifts.

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  • ECONOMICS

    Aussie dollar falls to fast money folly

    • David James
    • 03 July 2013
    4 Comments

    A currency's value is supposed to represent the state of the country's underlying economy. Yet very little changed about the Australian economy during a week in which the value of the dollar was substantially altered. It is a small instance of how rapidly change occurs in currency markets, sometimes to devastating effect, and another reason why the capital markets are ruling rather than serving.

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  • AUSTRALIA

    Rudd's second coming

    • Ray Cassin
    • 27 June 2013
    21 Comments

    Can Rudd fare any better? He is a formidable campaigner and consistently rates well above either Abbott or Gillard when poll respondents are asked who is their preferred prime minister. What is more, Labor has a success story to tell about the economy, which the Government thus far has failed to sell. Rudd tells this story without illusions.

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  • ECONOMICS

    How financial devils came to rule the universe

    • David James
    • 05 June 2013
    7 Comments

    Religious authorities may not spend a lot of time pondering the nature of global financial systems, but the Pope's recent comment that 'money has to serve, not rule' suggests it can be useful when they do. Given scope to become rule makers, rather than just people who know how to exploit the rules, financiers have moved themselves to a position of mastery.

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  • ECONOMICS

    Banksters' deadly game of Sheldon's three-person chess

    • David James
    • 01 May 2013
    3 Comments

    In The Big Bang Theory Sheldon invents a game of chess which 'utilises a three-sided board with transitional quadrilateral-to-triangular tessellation to solve the balanced centre combat-area problem'. This gobbledegook sounds suspiciously similar to the application of mathematical models to financial securities in derivatives markets.

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  • AUSTRALIA

    Margaret Thatcher versus the Scots

    • Duncan MacLaren
    • 10 April 2013
    72 Comments

    While any man's death diminishes me because I am involved in mankind', I must admit to pouring a glass of good malt at the news of Thatcher's passing. The Southern English may laud her as the greatest prime minister after Churchill but for us Scots she was a hate figure who in the last days of her premiership scarcely dared to cross the border for fear of being assassinated.

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  • ECONOMICS

    Don't bet on the Australian dollar

    • David James
    • 08 February 2013
    4 Comments

    This week the Australian dollar reached its lowest point in three months. Tangible factors such as interest rates and trade with China influence its strength. But what really determines the direction of our currency is the whim of the currency traders. In that sense, the Aussie is is arguably the most 'unreal', or virtual currency in the world.

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  • MARGARET DOOLEY AWARD

    Best of 2012: Catholic and Aboriginal 'listening revolutions'

    • Evan Ellis
    • 10 January 2013
    4 Comments

    St Benedict of Nursia knew about living in a dying world. He was born 25 years after the Vandals sacked Rome and died months after the Ostrogoths had their turn. He watched as old certainties went up in flame. As existing institutions were hollowed out or winnowed completely, Benedict started a revolution. Wednesday 12 September 

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  • ECONOMICS

    Best of 2012: The upside down world of global capital

    • David James
    • 09 January 2013
    1 Comment

    Money is not like water, that 'flows' around the world, reaching 'equilibrium', or experiencing 'volatility'. It is transactions between people, based on trust. It enables the cooperation that forms the basis of social life. Human beings should be at the centre. Yet that is the opposite of what is happening. Monday 27 August 

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  • ARTS AND CULTURE

    Stories about people who want to do better

    • Tim Kroenert
    • 20 December 2012
    3 Comments

    One man suffers the shame of sex addiction. For another, a quadriplegic, sex is a matter of dignity. Two couples meet for a civilised discussion about their children's behaviour, but civility collapses. An antihero embraces violence as a solution to exploitative American media. Eureka Street counts down its essential films of 2012.

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  • AUSTRALIA

    US gun law reform is biblical

    • Evan Ellis
    • 18 December 2012
    10 Comments

    Following the latest school massacre US President Obama cited Psalm 147, invoking God to 'heal the broken-hearted and bind up their wounds', and renewed a call for 'meaningful action'. He'll be judged not on his words, but on how he defines and delivers said 'action'. He'd do well to first revisit Psalm 147 in its entirety. 

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