Search Results: debt

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

  • ECONOMICS

    Compound interest is the root of banks' evil

    • David James
    • 04 December 2018
    7 Comments

    The problem goes much deeper than a few crooked operatives and it will not be fixed by changing the corporate 'culture'. The fundamental evil is the arithmetic of compound interest. Interest on debt rises exponentially, while economic activity is linear. That means that sooner or later those in a weaker position are unable to pay.

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  • ARTS AND CULTURE

    God is love, so milk that dairy cow

    • Peta Yowie
    • 26 November 2018
    1 Comment

    As I sit in the Paris end of Collins street, I touch a poor woman's shoulder, and she looks up, her head wrapped in a veil, and I hand her some money. She clasps my hand, says thank you. Fingers count the rosary of coins. How will she know she is loved?

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  • AUSTRALIA

    Time to stop punishing the unemployed

    • El Gibbs
    • 21 November 2018
    10 Comments

    Australia’s income support system and employment services have shifted to an ever harsher regime of compliance and penalty, while failing to find work for hundreds of thousands of people. 

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  • ECONOMICS

    The shareholders shall inherit the earth

    • David James
    • 08 November 2018
    1 Comment

    So here is a question. Which are you? A customer, a shareholder, a worker, a citizen, or, well, a whole human being? If you answered 'customer' then congratulations, you are in line with contemporary economic orthodoxy, and boy, have we got a society for you. If you answered 'a human being' then that really is a problem, I'm afraid.

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  • RELIGION

    Christianity tells stories; Islam finds designs

    • Michael McGirr
    • 31 October 2018
    20 Comments

    My year ten class studies Islam, one of the most formative influences in the world that my students will inhabit and hopefully improve. I have a profound respect for Islam. Westerners often fail to acknowledge the debt they owe to Islam, a tradition that had a huge role in bringing Europe through the Dark Ages and into the Renaissance.

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  • AUSTRALIA

    A bill of rights for the age of technology

    • Kate Galloway
    • 29 October 2018
    2 Comments

    A robust human rights framework would hold government to account in its own deployment of technology such as 'robodebt'. It would also provide protections against the government's increasing attempts to control data through legislation — where data is collected and deployed using diverse technologies.    

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  • ECONOMICS

    Trump's thuggery is changing world finance

    • David James
    • 05 October 2018
    5 Comments

    That Trump is a narcissistic braggart was never in doubt. The more intriguing question was always how a businessman would behave once he became president. His administration sees business-style standover tactics as a thoroughly good option. The system-wide shifts that are resulting may have a lasting impact.

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  • ECONOMICS

    Lehman Brothers and the next GFC

    • Binoy Kampmark
    • 13 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
    • 03 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
    • 30 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
    • 14 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
    • 19 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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