Search Results: imf

  • AUSTRALIA

    Politics of shame

    • John Falzon
    • 16 May 2019
    8 Comments

    I do not believe that most people do accept these violations of dignity, these instigations of shame. But the fact that we as a nation have tolerated these settings for so long makes it look like neoliberalism has crept into our souls, that we accept the institutionalisation of fear and shame.

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  • 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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  • INTERNATIONAL

    Trump, turtles and the new nuclear threat

    • Justin Glyn
    • 24 October 2018
    5 Comments

    While nuclear weapon stockpiles have reduced massively since the 1980s, the major arms controls treaties have been gradually eroded. At the same time, and even more dangerously, the world has seen a repudiation of the diplomacy which limited the numbers of nuclear weapons and which has prevented their accidental use.

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  • ECONOMICS

    Japan could lead the way in forgiving debt

    • David James
    • 14 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

    No economy of exclusion and inequality

    • Joe Zabar
    • 27 February 2018

    'Francis' statement is not one merely for theological or academic contemplation. It is in effect Francis' call to establish a new benchmark for our economy, one where exclusion and inequality are no longer a natural and accepted consequence of its operation.' Director of Economic Policy for Catholic Social Services Australia addresses the CSSA annual conference in Melbourne, February 2018.

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  • RELIGION

    Seeking a true new start for all job seekers and workers

    • Frank Brennan
    • 08 November 2017

    'We need to recommit to work for all those who are able and willing. We need to recommit to social assistance for all those who are not able. We need to ensure that a life of frugal dignity is within the grasp of all citizens.' 2017 Rerum Novarum Oration by Fr Frank Brennan SJ

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  • ECONOMICS

    In the end, debts cannot be paid

    • David James
    • 08 November 2017
    3 Comments

    Once upon a time, usury was considered a sin and lending was subject to strict controls. Now, the world is in the grip of usury. It cannot continue. At some point it will have to be retired, or swapped to equity. A good place to start is third world debt, which is the most immoral variant.

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  • ECONOMICS

    Towards an economy that works for all

    • Frank Brennan
    • 18 October 2017
    10 Comments

    The promise of riches from the trickle-down effect is at best patchy for many Australians, and non-existent for others. Continuing with the same economic and social policy settings will exacerbate the already growing divide between the rich and the poor and eventually damage the economy to such an extent that it has a detrimental effect on everyone.

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  • INTERNATIONAL

    East Timorese heroes of Australian wars

    • Susan Connelly
    • 24 April 2017
    20 Comments

    Fearful of the southward thrust of the Japanese, the Australian government entered East Timor against the wishes of its Portuguese colonisers. The move was not to protect the Timorese, but to thwart possible attacks on Australia. A band of intrepid Australian soldiers, never numbering more than 700, successfully held off thousands of Japanese in Timor, but only because they had the support of the local people. Between 40,000 and 60,000 Timorese died as a result of Japanese reprisals.

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  • AUSTRALIA

    Bond notes bode ill for Zimbabwe's currency calamity

    • Tariro Ndoro
    • 07 December 2016
    2 Comments

    Last week, the much dreaded bond notes were released into the economy, in a move hoped to alleviate the cash crisis. Most citizens are negative about the move, with good reason - the last time Zimbabwe had its own currency was 2009, when inflation was so high the currency had to be dropped to salvage the economy. Most Zimbabweans remember that time well: every other month citizens had to drive to Botswana to put food on the table because the country's own shops were empty.

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  • ENVIRONMENT

    How to relieve poverty in India without endangering the planet

    • Frank Brennan
    • 02 December 2016
    9 Comments

    Neither India nor Australia can go it alone when confronting a global issue such as climate change. India cannot disregard the effects on other nations when it adopts laws and policies for alleviating the poverty of the poorest of the poor. Australia cannot disregard the effects on other nations when it considers restricting the availability of resources for export such as coal which might help provide electricity for the world's poorest citizens.

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  • ENVIRONMENT

    Ethical reflections on seeking sustainable development for India

    • Frank Brennan
    • 28 November 2016

    'No matter what the economic, political and legal problems confronted by modern day India, our response can be improved by an application of the key principles and norms developed in the international law of trade and human rights, helping to enunciate the realm of law, regulation and political accountability, enhancing public scrutiny providing the right environment for doing business.' Frank Brennan presents the 25th JRD Tata Oration, Xavier School of Management, Jamshedpur, India, 26 November 2016.

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