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The biggest mystery of the financial markets is why, when the monetary authorities have been printing money with their ears pinned back, is inflation for the most part not a problem? What happens with inflation is crucial to the short-term survival of the whole system. Global debt, which is running at well over 300 per cent of global GDP, is only sustainable because interest rates are exceptionally low (the base rate in Australia is only 0.1 per cent). And interest rates are low because inflation is not a problem.
Whatever one thinks of the Census21 campaign, I agree with the implicit aim: all people should be honest in answering the Census questions. It doesn’t matter whether one is affiliated to a major religion, no religion, or has another spirituality not listed, it is crucial that we give compete answers that reflect our real lives.
Critical Race Theory, which has recently been banned ineffectively by the Australian Senate from the National Curriculum, has everything going for it as a lightning rod. It has an acronym (CRT), opacity and an air of self-importance. It is also associated with a controversial social movement: Black Lives Matter. The theory does not need to be understood before generating heat.
The despair induced by daily infection and death tallies would be, in normal times, ameliorated to some extent by one’s workaday routine. And the crisis would be borne in togetherness — an impossible response, since the pandemic calls on us to withdraw into ourselves rather than draw together.
The late Donald Rumsfeld, twice US Secretary of Defense, a Fortune 500 CEO, and congressman for three terms, did not let evidence and the firmness of facts trouble him. If he had a cause to pursue he would. Morality was merely an impediment to service.
Australian governments and judges have been playing catch up for a long time trying to deal with the backlog of claims for migrant visas. A couple of recent judgments highlight the frustration at work in the system.
The atrocities committed in the Taliban siege of Mazar-i-Sharif in the late 1990s have not been forgotten. Nevertheless, the ‘progress’ brought by the invading forces — after twenty years’ hard fighting against the forces which they themselves had previously armed and trained against the Soviets — is equally debatable.
There really is no such thing as ‘capitalism’ — or rather there are so many capitalisms that the word is altogether too imprecise to be useful. A much better term to identify the problems, even evils, of modern developed economies is ‘corporatism’. This can be precisely identified and its transgressions and general harm are getting worse.
The debate among American bishops around whether President Biden and other Catholic politicians should be denied Holy Communion because of their policies on abortion is an important and unsettling one. Let me say I think it would be a tragedy if the bishops were to venture down this path.
We are all beholden to our story of origin and the systemic realities we are born into. Regardless, now and historically, politicians, preachers and pundits sporadically look to reintroduce the discredited dichotomy between the ‘deserving poor and the undeserving poor’. The embodiment of that second label, historically, has been the Jobseeker (Newstart) recipient.
Our economy is 1.1 per cent larger than a year ago. Yet, as the situation in Victoria reminded us, none of us are safe unless all of us are safe. And we cannot be safe while work remains increasingly insecure, while social security payments are inadequate and while our public infrastructure is found wanting.
The landscape has changed, and there is no going back. Individual journalists are now integrated into the ranks of pundits, urgers and persuaders who abound online. At their employers’ behest, they blog, they podcast, they ‘engage’ as the current jargon has it, with those who post comments to their articles online.
181-192 out of 200 results.