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There are more than 200 results, only the first 200 are displayed here.
Low interest rates tend to change the understanding of risk; having high debt seems to be less of a problem because the cost of servicing it is lower. This cavalier attitude has been especially evident in Australian households, which have racked up more debt relative to the size of the economy than any other country in the world. The massive appetite for debt has been replicated across the globe. The world may have survived the era of casino money - just - but it is now facing another crisis.
The UN Climate Change Conference in Paris is set to become the last opportunity for meaningful global action. The signs so far bear optimism, as the impetus for a binding international agreement to tackle the severity and effects of climate change has taken a turn. In order to better understand why, and appreciate the difference that a few years can make, it is worth revisiting why Copenhagen was such a disaster. The most meaningful difference between then and now involves leaders.
The US unipolar moment is ending. Real multipolarity is upon us, with Russia, China, India, Brazil, South Africa and Iran testing new multipolar arrangements for sharing world power. The US fears these changes, and would prefer to corral everybody back into the familiar bipolar camps of the past. This would be a disaster. Australia will benefit from a stable rules-based multipolar world, and our foreign policy can help build it. But we are going to have to take a few calculated risks along the way.
Environmental justice will be part of the discussion in Paris this month. The principle of justice says each person is of equal value no matter which nation or ethnic group they belong to. Each Australian contributes 16 tonnes of carbon dioxide per year, while each Bangladeshi contributes a little more than a third of a tonne. If the principle of justice is applied, Australia will have to move from 16 tonnes per person to about a third of a tonne, roughly equivalent to what a Bangladeshi emits now.
The epithets used against environment groups have been extraordinary after a judge of the Federal Court set aside Environment Minister Greg Hunt's approval of the Adani thermal coal mine. Perhaps legislation has always been an instrument for ideological agendas, but the compulsion and ease with which the Coalition has taken to the law to restrict scrutiny doesn't bode well for us.
Iran’s nuclear deal with the UN represents a major breakthrough that could lead to more peace and stability in the region, despite what the critics say. Its policy towards Islamic State is actually much closer to that of the US and the UK than any other country in the region. Convergence of interest against this common enemy could open other doors of dialogue with the West and start a relationship that is no longer hostage to the nuclear issue.
In a series of articles, The Australian newspaper has strongly criticised the new encyclical Laudato Si', with editor-at-large Paul Kelly charging that the Pope has 'delegitimised as immoral' pro-market economic forces. This is wrong. Pope Francis is not opposed to the free market in principle, but insists that it be well regulated to ensure social justice for all involved.
On Saturday, a Victory Parade will commemorate the 70th anniversary of the final defeat of Fascist Germany. It is a fitting tribute to the heroism of the Russian people for their huge sacrifices and sufferings in a common cause with the west. Many leaders including US President George W. Bush attended the 60th, but a specious rationale is dictating a boycott this time around.
In his State of the Union address last week, President Obama drew rare bipartisan applause with his anti-Russian rhetoric when he said the US was ‘upholding the principle that bigger nations can’t bully the small’. The Cold War ended 25 years ago, yet the desire to weaken Russia has never gone away. This is nonsense. Russia poses no threat to the west. It is just another country trying to make its own way in an unfriendly world.
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.
President Obama stole the G20 show with his mesmerising Queensland University address, after having dominated APEC with Xi Jinping and their climate change agreement. Such unrelated events challenge the belief that agendas can be centrally controlled, and that good governance is constituted by discipline and sole ownership of the agenda. More recently, the Senate has managed to call the shots and give priority to human good over ideology.
Abbott's best G20 moment was his closing media conference, where he gave an outlined the meeting's achievement of a 2.1 per cent global economic growth plan over the next few years. But on two important matters – climate change and Ebola - the dynamic of the meeting got out of his control and produced outcomes clearly not to his liking. Abbott's counter-strategy – quite successful in retrospect – was to set media hounds running to the side-drama of Vladimir Putin.
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