Welcome to Eureka Street

back to site
Forgot your password?
Subscribe

Keywords: Treasury

  • AUSTRALIA

    Abbott's night of the short knives

    • Tony Kevin
    • 20 September 2013
    6 Comments

    Under the US revolving door model, top public service jobs are held by staff who are openly politically affiliated. When government changes, they go back to their jobs as special interest Washington lobbyists. Australians have made clear we don't like that system. It is open to corruption, and when our governments flirt with it, they usually come to regret it.

    READ MORE
  • INTERNATIONAL

    Lessons for Labor from across the Tasman

    • Cecily McNeill
    • 18 September 2013
    2 Comments

    As the Australian Labor Party embarked on its month-long process towards a grassroots election of a leader to replace Kevin Rudd, the New Zealand Labour Party was ending its long and sometimes brutal election of a new leader. The lesson from across the Tasman is that a grassroots election of a leader can broaden the base of those with a say in the party's destiny, and steer it back towards a more traditional social democratic stance.

    READ MORE
  • AUSTRALIA

    Australian democracy needs an intrusion of the excluded

    • John Falzon
    • 19 August 2013
    24 Comments

    Kevin Rudd says we need a 'new politics' or a 'new way'. Tony Abbott says we'll only get a new way by electing a new government. What is missing in both statements is the recognition that what we actually need is a new kind of economic democracy: a reconfiguration of our economic prioritising away from individualism towards the common good, and towards the participation of all rather than the exclusion of many.

    READ MORE
  • ECONOMICS

    Which party really has the economic smarts?

    • David James
    • 13 August 2013
    3 Comments

    As the China boom fades Australia is experiencing a delayed version of the GFC, without the banking crisis. Until now we've been reasonably well served by both sides of politics, in terms of macro-economic strategy. Now we require a way of dealing with more mundane economic issues like productivity and efficiency. Neither side has many good ideas about how to achieve the required structural shifts.

    READ MORE
  • RELIGION

    Pope's Catholic health check

    • Andrew Hamilton
    • 01 August 2013
    31 Comments

    Both Francis and Benedict emphasise Christian faith in the Catholic Church as the privileged way of finding meaning in life. But where Benedict might picture the Church as a treasury of all the beliefs, relationships, liturgical details and traditions, Francis might imagine it as like a dispensary from which health workers go out to share their life saving medicines.

    READ MORE
  • AUSTRALIA

    Wage inequality leaving workers in poverty

    • Brian Lawrence
    • 28 May 2013
    6 Comments

    The rivers of gold into Treasury have dried up and programs that have provided some relief to struggling families are being wound back. Whether or not large cohorts of workers and their families continue to live in poverty depends on the decisions of the Fair Work Commission in the current Annual Wage Review.

    READ MORE
  • AUSTRALIA

    Black hole budget will penalise the poor

    • Brian Toohey
    • 07 May 2013
    9 Comments

    Labor is struggling with a $12 billion write down in anticipated revenue for 2012-13 after Treasury bungled the forecasts. It could cut back on government assistance to those who can fend for themselves. But it has chosen to penalise the poor, with those on the parenting payment being switched to the lower Newstart. 

    READ MORE
  • ENVIRONMENT

    Does mining cost more than it's worth?

    • Justin Glyn
    • 12 February 2013
    15 Comments

    While mining is a source of great wealth for Australia, its socio-ecological benefits are mixed. Yet the sheer power of the industry means a balanced conversation on these issues is yet to start. Both major parties are beholden to the industry and fear the advertising power its money can buy. Two examples demonstrate the problem.

    READ MORE
  • AUSTRALIA

    Philanthropy should be a condition of tax relief

    • Michael Mullins
    • 11 February 2013
    6 Comments

    Business Council of Australia president Tony Shepherd justifies superannuation tax concessions for the wealthy: 'We go to work, we get paid. The money is ours.' In the USA, philanthropy is common among self-made men. There is no such tradition here, where taxes are needed to fund welfare and other projects for the common good.

    READ MORE
  • ECONOMICS

    Debunking the global financial con job

    • David James
    • 12 November 2012
    12 Comments

    Even after the most dangerous financial crises ever seen, finance industry lobbyists still argue that the sector should not be too heavily regulated as that would be counterproductive. This is nonsense. Money is rules. It is a question of who sets the rules and what kind of rules they should should be.

    READ MORE
  • AUSTRALIA

    Electricity price hike won't give us clean energy

    • Brian Toohey
    • 02 July 2012
    16 Comments

    For most Australians, Government compensation for the carbon tax won't cover the steep rise in the cost of electricity caused by unrelated investment in infrastructure. That was not its intention. But the carbon tax will still not ensure the price of 'dirty' electricity is high enough to make coal-fired generators uncompetitive and force a 'clean energy future'.

    READ MORE
  • AUSTRALIA

    The age pension was fairer than super

    • Brian Toohey
    • 02 April 2012
    8 Comments

    Paul Keating says he changed superannuation from an elite system to one which would include 'the bloke running behind the garbage truck'. But a new elite has left the garbo in the dust. Labor's core constituency and the economy would be much better off with the age pension rather than super. 

    READ MORE