Welcome to Eureka Street
Looking for thought provoking articles?Subscribe to Eureka Street and join the conversation.
Passwords must be at least 8 characters, contain upper and lower case letters, and a numeric value.
Eureka Street uses the Stripe payment gateway to process payments. The terms and conditions upon which Stripe processes payments and their privacy policy are available here.
Please note: The 40-day free-trial subscription is a limited time offer and expires 31/3/24. Subscribers will have 40 days of free access to Eureka Street content from the date they subscribe. You can cancel your subscription within that 40-day period without charge. After the 40-day free trial subscription period is over, you will be debited the $90 annual subscription amount. Our terms and conditions of membership still apply.
Despite a post-pandemic bull-run, both the national and international economy are now stalling. Interest rates are going up. Markets are going down. Inflation seems unstoppable. While many factors are to blame for the rising cost of living, a catalysing force continues to be our response to the war in Ukraine.
It has been a decade since the banking aristocracy Lehman Brothers filed for bankruptcy in what would be the chant of doom that became the Global Financial Crisis. Today, the legacy of Lehman Brothers and the crisis it helped precipitate supply warnings of the next shock.
Studies have found that in Australia, groups with the poorest financial awareness and skills are those under 25, those with no formal post-secondary education, those on low incomes and working 'blue collar occupations', and women. While it makes sense to provide these groups with financial information on home loans and super, this wouldn't have helped my mother when she had to decide between, say, buying groceries for the week or getting the car serviced.
Francis knows there are all sorts of issues inside and outside the Church where for too long people with power have tried to keep the lid on, in the hope that the problems and complexities will go away, often by parodying those who see the problems or complexities as small 'l' liberals or cafeteria Catholics. He delights in being joyful and troubled while contemplating big problems, calling people of good will to the table of deliberation reminding them of the kernel of the Christian gospels. He has the faith and hope needed to lift the lid without fear and without knowing the answers prior to the dialogue occurring.
The siege at the Lindt chocolate shop in Sydney's Martin Place is frightening for all Australians. It also obscures the progress of relations between Muslims and other Australians, as such events have such an unfortunate polarising 'us and them' effect.
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.
The Australian Government needs to be less cavalier and reticent to subsidise local manufacturers, who are obliged to be transparent about their work practices and bear the costs of this. When our politicians praise workplace efficiency in other countries, they are promoting manufacturing processes that often exploit workers.
The Double proffers a nightmare vision in which the human spirit is no match for the corrupt and corrupting power of a society obsessed with productivity and material achievement. In a week where we have seen an Australian Budget that gives favour to economic rationalism and the wellbeing of the wealthy, over that of some of our society's most needy citizens, such cynicism resonates powerfully. That is a tragedy.
It is hard not to smile over Woolworths' and Coles' 'voluntary' adoption of a code of conduct. Now that the duopoly has decided to mend its ways, it seems it can occupy the moral high ground and preach to everyone else. The Western world has been subject to a quarter of a century of propaganda about the virtues of deregulation. A closer consideration of the supermarket giants' promise to do the right thing offers little reason for confidence.
In the 1980s computer journalists used to refer to the 'FUD factor' and its impact on computer purchases. FUD — Fear, Uncertainty and Doubt. Tony Abbott has become the master of the FUD factor in the debate over climate change and the carbon tax.
When we think of pin-up girls from the '40s and '50s, we might assume they were desperate women who unwittingly participated in an industry that exploited them. In her new book, Madeleine Hamilton argues they were in fact 'trailblazers of the sexual revolution'.
The problems besetting Wall Street investment banks seem a long way from life in downtown Australia. The need to know the context of the economic crisis, and to keep a clear head, has never been more important.
1-12 out of 17 results.