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Keywords: Currency

  • ECONOMICS

    Teetering on the financial brink

    • David James
    • 08 June 2021
    4 Comments

    An often overlooked fact about the financial system is that it entirely depends on trust. When trust starts to evaporate, especially between the big players such as banks and insurance companies, the whole artifice is put into peril. Trust in the system is now at an extreme low and that points to extreme danger.

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  • AUSTRALIA

    Polls and trolls

    • Andrew Hamilton
    • 22 April 2021
    20 Comments

    It is axiomatic that all intelligent people consider polls on political intentions to be unreliable. That no doubt says something about the mental acuity of those of us who duly glance at the news poll every month or so. The breakdown of the figures of this and similar polls, however, was interesting. It showed that support for the Prime Minister had declined substantially among women, but had remained steady or increased among men.

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  • RELIGION

    Faith and reason, same-sex relationships and blessings

    • Ross Jones
    • 06 April 2021
    241 Comments

    The opening line of John Paul’s encyclical is memorable: ‘Faith and reason are like two wings on which the human spirit rises to the contemplation of truth.’ The recent pronouncement by the Vatican’s Congregation for the Doctrine of the Faith (CDF) on the blessing of same-sex unions certainly had people assessing its reasonableness as a so-called ‘deposit of faith’.

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  • INTERNATIONAL

    Masks save lives

    • Catherine Marshall
    • 21 January 2021
    8 Comments

    What will it take, I wonder, to change these people’s minds? In an era as politically divisive as the one Americans (and Australians, for that matter) are living through, nothing is likely to convince detractors that COVID is an omnipresent threat — except perhaps the only thing with tangible currency in this whole blasted catastrophe: the visceral consequences of the pandemic itself. 

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  • ECONOMICS

    Finance needs common sense, not cleverness

    • David James
    • 10 December 2020
    1 Comment

    The world’s financial markets are afflicted by a deep irrationality that imperils their very existence. On the surface, finance looks logical enough with its numbers, charts, mathematics, forecasts, ‘modelling’ and so on. But this only masks the fact that the system itself has been working on underlying assumptions that are either contradictory — such as that you can ‘deregulate’ finance when finance consists of rules — narrow minded or absurd.

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  • ECONOMICS

    Until debt do us part

    • David James
    • 20 October 2020
    3 Comments

    The global economy was already teetering on the edge of such a debt crisis before the coronavirus hit. The economic shutdowns have accelerated the damage.

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  • AUSTRALIA

    Putting a value on a human life

    • Andrew Hamilton
    • 01 October 2020
    7 Comments

    The response to COVID has invited reflection about the relative value of one human death (and so of one human life) as compared with another. This is a radical question because it makes us ask whether the value of a human life is defined by economic wellbeing and by potential contribution to the economy, or by deeper qualities.

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  • ECONOMICS

    Looking back, looking forward

    • David James
    • 30 June 2020
    3 Comments

    A commonly heard phrase, or rather media cliché, is that after the COVID-19 crisis ‘things will never be the same.’ It is an understandable sentiment, given the seemingly unprecedented nature of recent events. But how novel is what happened, and how much will actually change? 

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  • INTERNATIONAL

    Caesar Act ushers in a new phase of suffering for Syrians

    • Daniel Sleiman
    • 25 June 2020
    4 Comments

    America has lost the proxy war in Syria and is now looking at punishing ordinary Syrians for the actions of the Syrian government. The so called ‘Caesar Act’, officially known as the Caesar Syrian Civilian Protection Act, aims to cut off multilateral or direct commerce with Syria’s ruling Baath party, effectively inducing record inflation, poverty and market exclusion.

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  • ECONOMICS

    Taking a closer look

    • David James
    • 29 April 2020
    6 Comments

    The COVID-19 pandemic is starting to ease, but the economic and financial fall out has just begun. It is not as if the world economy was in good shape before economic activity was slashed and entire industries were shut down. Those fault lines are only going to worsen, and the consequences might be very dark.

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  • ARTS AND CULTURE

    Grounded

    • Catherine Marshall
    • 20 April 2020
    7 Comments

    So rapidly have I adapted to this surreal existence in which we now find ourselves, the sound which was once an inseparable part of my morning routine — jets announcing the dawn as they droned overhead — has now become disturbingly anachronistic.

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  • ECONOMICS

    The possible economics of COVID-19

    • David James
    • 01 April 2020
    4 Comments

    The world-wide chaos caused by the outbreak of the coronavirus has underlined a lesson that was only partly learned in the Global Financial Crisis of 2008. In a more interconnected world the understanding of system-wide risk needs to be much better than it is.

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