Search Results: debt

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  • AUSTRALIA

    State elections the biggest opinion poll of all

    • John Warhurst
    • 03 March 2015
    6 Comments

    The Victorian state election that ushered out the Napthine Coalition government last November was a wake-up call for the Federal government. The amazing Queensland state defeat for Campbell Newman in late January brought on on the Spill against Tony Abbott. But the NSW election at the end of this month is an ambiguous marker.

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  • ECONOMICS

    Oil and gas redraw world strategic alliance map

    • David James
    • 15 February 2015
    3 Comments

    Sanctions against Russia have pushed Russia and China much closer together. Russia is set to provide two fifths of China’s gas needs after the completion of two massive pipelines. This will easily replace what they have lost in supplying Europe and deliver what the Chinese most crave: security of supply. Meanwhile, Russia has cut off 60 per cent of its supplies of gas into Europe, re-routing it to Turkey, and saying that Europe will have to build its own infrastructure to transport it to the Continent.

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  • AUSTRALIA

    The financial crisis the Government wants us to have

    • Colin Long
    • 08 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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  • EDUCATION

    Return to higher education elitism

    • Bill Uren
    • 22 January 2015
    16 Comments

    We can sympathise with the university Vice-Chancellors who support fee deregulation. Over many years Government financial support for higher education has been eroded in real terms, and maintaining international rankings depends upon deregulation. But do we want the major metropolitan universities to return to the financial exclusivity that characterised the early history of Australian tertiary education?

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  • AUSTRALIA

    Australia turns its back on a world in need

    • Paul O'Callaghan
    • 11 December 2014
    14 Comments

    As we prepare to mark the tenth anniversary of the Boxing Day tsunami, Australia's proud achievement in being the largest per capita provider of overseas aid at the time is being overshadowed by reports of further devastating government cuts to our aid program. Successive cuts - including 20 per cent in the May Budget - mean that we are starting to be seen as a country turning inwards. 

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  • ECONOMICS

    Hapless Joe Hockey

    • David James
    • 09 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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  • INTERNATIONAL

    Putting Putin's record into perspective

    • Justin Glyn
    • 16 November 2014
    17 Comments

    Amid talk of whether Vladimir Putin would leave the G20 early and numerous reports of frosty encounters between him and other summit leaders, Western media coverage has portrayed him as an erratic and dangerous dictator whose rule damages the once-great country he leads. But it would be foolish to pretend that the West did not take advantage of the weakness of the former Soviet states in the 1990s. Russia was looted of its assets, many of which found their way abroad.

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  • AUSTRALIA

    The Americanisation of Australia's universities

    • Sarah Klenbort
    • 09 November 2014
    23 Comments

    The US, whose citizens owe more on student loans than they do on credit cards, is the land of deregulation. Australia’s Education Minister Christopher Pyne has the support of university management in his desire to see Australia to follow the US path. But it is clear to lecturers, tutors and researchers that this will only create more inequality, mainly by forcing people without money to either miss out all together on higher education or go into a huge amount of debt.

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  • AUSTRALIA

    G20's opportunity to nail multinational tax dodgers

    • Angela Owen
    • 06 November 2014
    3 Comments

    The media has reported that Swedish furniture company IKEA's Australian arm has earned an estimated $1 billion in profits since 2003, almost all of which has been exported tax-free. Action to crack down on tax avoidance is on the agenda of next week's G20 in Brisbane, but it remains to be seen if the interests of developing countries will be looked after.

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  • AUSTRALIA

    Memories of Gough

    • Frank Brennan
    • 21 October 2014
    44 Comments

    What he did for me, he did for countless other Australians who dreamt of a better world and a nobler Australia. Even his political opponents are forever in his debt for having elevated the national vision and for having given us a more complete and generous image of ourselves. 

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  • ARTS AND CULTURE

    If Jesus was gay

    • Barry Gittins
    • 20 October 2014
    5 Comments

    Hope for unseen vistas Peace for travelled paths. Joy for slaughtered innocence. Love for aftermath. Grace for unsought trials. Faith for visions fouled.

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  • ECONOMICS

    Who will feel better after Medibank privatisation?

    • David James
    • 12 October 2014
    7 Comments

    Federal Finance Minister Mathias Cormann announced 'the scoping study found no evidence that premiums would increase as a result of the sale' of Medibank Private. But the sale is being presented as a way to make the fund more efficient. If successful, Medibank Private will become even more dominant than it is at present and there will be pressure to raise premiums to achieve its purpose of keeping shareholders happy.

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