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The heroine of last week’s most diverting news story was a cow when she and her minders were refused entrance into St Peter’s Square in Rome. Ercolina’s mission was to protest against the low prices and excessive regulation of farming In Italy, highlighting how economically more efficient production has come at a cost to a way of life.
Sixty years ago today, on November 22, 1963, the world lost three towering figures of the 20th century. On their diamond jubilee, do I think it was the end of the world as we know it when these three died? Each one shaped the twentieth century in a unique way. Each one left us with much to think about still.
As Western economies grapple with soaring inflation rates, the once steady financial landscape is shifting, revealing looming challenges beneath mounting global debt. Amid 'Great Reset' calls, many face an uncertain future where the true cost of living is set to be redefined.
The work of Tony Rinaudo has contributed to the regeneration of over six million hectares of desertified land in Niger alone. Farmer Managed Natural Regeneration (FMNR), is an approach to reforestation has become a global movement and is gaining popularity as a tool in the fight against climate change.
What are the implications of widespread use of Metformin, Pembrolizumab, or Nivolumab, and what do they say about us? Featuring a humourless pharmacist and a thick wad of prescriptions, the story of our complicated relationship with pharmaceuticals is a meandering map of the human condition.
Financial markets are made up of human beings and human beings have always been storytellers — long before science, or modern finance, or accounting even existed. Accordingly, the main skill of successful analysts, advisers, financial gurus and commentators is the construction of compelling narratives. They are, if not exactly creators of fairy stories, not too far removed from it.
The world is facing cross-currents: a collapsing financial system that is balanced by the benefits of massive, long term improvements in production efficiencies, mainly because of technological advances. It is a bad news/good news story that can only be seen accurately if the intractable errors of contemporary economics are jettisoned. We are in a battle between finance fictions and reality.
For Europe, especially Germany, there should be enough gas in storage to limp through winter but by next spring there may be severe trouble. The leaders of Europe and the United States expected that they would win the economic war against Russia and force the invader to withdraw. Not only did that not happen, it is likely to lead to severe unintended economic consequences.
With $1 trillion of debt accumulating over the last seven years in attempts to establish a National Radioactive Waste Management Facility, the new Labor Government is facing mounting pressure to rethink the nuclear waste storage plan for Kimba.
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.
Behind the slick advertising and high-tech veneer of on demand apps and services lies a bleak, hazardous and often dangerous reality: tens of thousands of people are working at the fringe of the labour market as delivery riders and personal chauffeurs. When you remove all the tech, the sizzle and pop, it’s little more than modern day iteration of old-school precarious piece work arrangements.
Reading the government controlled Senate Committee recommendations regarding the current Social Security (Administration) Amendment (Continuation of Cashless Welfare) Bill 2020 and then the dissenting reports is like reading about two parallel universes.
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