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Australia’s Reserve Bank mainly concentrates on keeping inflation within an acceptable range and maintaining a high level of employment. Social equity has never been considered to be part of its mandate. It should be. Interest rates have been the biggest cause of economic and social division in Australia, not just between rich and poor, but also between older and younger generations.
It should be troubling for anyone, religious, secular or agnostic, to be told that a human being wields anything approximating to ‘God like’ powers. That very suggestion implies a power unreviewable, unaccountable and at odds with the earthly rule of law.
The legal pursuit of Assange is disturbingly unique not only for using an archaic law against a non-US national; it is also the first instance of an international application of it against a publisher. The law, if applied in the way suggested by the charges, criminalise the receipt, dissemination and publication of national security information, irrespective of motive. If the US Espionage Act 1917 were applied in this way, it would appear to subvert the free press provision in the United States Constitution.
The time: Queen’s Birthday Monday 1992. The place: outside the Great Southern Stand of the MCG. The occasion: St Kilda versus Collingwood. One word, belonging to the world we all now live in, brings the scene vividly back to me … because the gathering throng is clearly going to be huge — much bigger than forecast — and because one section of the G, at least as I remember it, is closed off for some local temporary reason, a very large crowd will require more than routine management.
The abrupt change in public attitudes to the threat of COVID calls to mind an earthy Cambodian proverb. It describes someone who has begged a boat ride across a river and then goes on his way without thanking or paying the boatman. Roughly translated the proverb says, ‘Flash your bum and say good-bye’.
Does life have meaning? Or, as the new nihilists suggest, is life meaningless? A new book, The Sunny Nihilist, by writer and journalist, Wendy Syfret, puts the case for nihilism as an antidote to the obsessive search for meaning and purpose that many modern people experience.
In the Catholic calendar the Feast of St Francis of Assisi falls on next Tuesday. Although he gave up on wealth, power and influence Francis probably had a bigger effect on his world than any of his contemporaries. He continues to attract people to challenge the values of our society and to spark renewal in Christian institutions at the risk of going stale.
Walking down to the local Saturday morning street market, I wasn’t expecting to find myself amidst the beginnings of a violent protest. Seeing some police, I thought they were out and about to ensure the public weren’t taking too many liberties with the slightly eased restrictions that had come into effect for Melbourne the previous night. But half a dozen on each corner of Church St and Bridge Rd in inner-city Richmond suggested something more.
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.
The biggest test for the Plenary Council, now less than six months from its first meeting, is to reconnect with the Catholic community. The elongated nature of the lead up and growing apathy have made that difficult, yet it remains essential.
In its Christian context, Easter Sunday celebrates the rising of Jesus to life. It follows his brutal execution on Good Friday after rigged trials. Good Friday this year occurs at the beginning of April, a month which Pope Francis dedicated to prayer for ‘those who risk their lives while fighting for fundamental rights under dictatorships, authoritarian regimes and even in democracies in crisis’.
The COVAX (COVID-19 Vaccines Global Access Facility) scheme, touted as a levelling measure against inequalities in vaccine access, is looking increasingly faulty. But one suggested mechanism to assist in achieving vaccine equity lies in the field of intellectual property rights.
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