Search Results: debt

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  • ECONOMICS

    Lehman Brothers and the next GFC

    • Binoy Kampmark
    • 12 September 2018
    2 Comments

    It has been a decade since the banking aristocracy Lehman Brothers filed for bankruptcy in what would be the chant of doom that became the Global Financial Crisis. Today, the legacy of Lehman Brothers and the crisis it helped precipitate supply warnings of the next shock.

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  • INTERNATIONAL

    Dress sense or political statement? It's a tie

    • Gillian Bouras
    • 02 September 2018
    10 Comments

    Collars and ties, or lack of them, can have a specific political application. In 2007 Robert Mugabe, fearsome Zimbabwean dictator, was invited to an EU summit in Lisbon. The Anglican Archbishop of York, John Sentamu, cut up his clerical collar on television and vowed to replace it only after Mugabe had gone.

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  • AUSTRALIA

    Au pair visa saga shows the rot runs deep

    • Fatima Measham
    • 29 August 2018
    11 Comments

    Perhaps we couldn't care less about what happens to an au pair or the person who let her in. But to know that there is rot in the ceiling — embodied in relationships of mutual benefit between those in office and those with money — and still be fine retiring to bed underneath, does not really bode well for anyone.

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  • ECONOMICS

    Australia's deadly game of mates

    • David James
    • 13 August 2018
    6 Comments

    Murray and Frijters detail what they call Australia's 'grey corruption': the grubby nexus between 'James' (corrupt business people) and governments or regulators. The Jameses thrive at the expense of the 'Bruces': ordinary working people. The games of the corrupt elite now cost the 'Bruces' about half their wages.

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  • ENVIRONMENT

    Not owning but belonging to the land

    • Fatima Measham
    • 18 July 2018
    7 Comments

    There are severe limitations in the western ways we tend to think about land. Land is conceived in terms of ownership and property — ideas that are implicated not just in colonial histories, but in extractive industries and concentrations of wealth. In this model, land is a fulcrum of power.

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  • INTERNATIONAL

    All hail Queen Jacinda

    • Morgan Godfery
    • 01 July 2018
    3 Comments

    New Zealand’s Jacinda Ardern is a global celebrity: a prime minister on parental leave and a social democrat who can actually win elections. But is New Zealand really the left-wing paradise the global left wants it to be?

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  • RELIGION

    A stringent critique of financial abuse

    • Bruce Duncan
    • 29 May 2018
    5 Comments

    The Vatican has launched a stringent critique of abuses in global economies, abuses that are driving astonishing inequality and threatening ecological sustainability. 'Oeconomicae et pecuniariae questiones' reiterates the call for an urgent dialogue between politics and economics to advance human life and wellbeing.

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  • ECONOMICS

    Japan could lead the way in forgiving debt

    • David James
    • 13 May 2018
    4 Comments

    As the world economy groans under soaring levels of debt, the place to look is Japan, whose current government debt-to-GDP ratio is an eye watering 253 per cent. It is Japan, which led the developed world into this mess, that is likely to lead the world out of it by cancelling debt. The consequences of such a move would be far reaching.

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  • ECONOMICS

    Tax cuts good politics, but not good policy

    • Joe Zabar
    • 11 May 2018
    2 Comments

    The proposed tax cuts will create long-term structural changes to government revenue sources, which may prove to be economic folly in future-proofing Australia against global economic shocks, and in dealing with current unmet needs of poor and vulnerable Australians.

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  • INTERNATIONAL

    Our flailing aid created a Pacific problem

    • Eliza Berlage
    • 18 April 2018

    China and India are rising global powers, thanks to a burgeoning middle class, huge export markets and military might. So why wouldn't they take the western retreat from the Pacific as an invitation to dance? But their support comes with a crippling debt levels and the potential for a favour to be called in down the line.

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  • ARTS AND CULTURE

    Clay feet

    • Barry Gittins
    • 15 April 2018
    1 Comment

    Mohandas was a lawyer and a saviour, who took his beatin's and refused to eat; Mahatma won, the Union Jack was flaggin’, then one of his own dropped Gandhi at his feet. Jesus was a rabbi and a dreamer, who talked and stirred and gave up carpentry; Mary cried as spearpoint slid past femur, godson egressed into mystery.

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  • AUSTRALIA

    Policy solutions to bonkers housing costs

    • Gabriela D'Souza
    • 05 April 2018
    5 Comments

    I was in Sydney recently, and within less than an hour of my arrival of the airport, I was thrust into a conversation about how completely unaffordable the city was becoming. 'Bonkers' was the general consensus. But how did it get this bad and what can be done to repair the current state of affairs?

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