Keywords: Gfc

  • ARTS AND CULTURE

    The joke is on Wall Street

    • Tim Kroenert
    • 23 January 2014
    5 Comments

    If ultimately Belfort's comeuppance for his innumerable evils is modest, and his lessons remain unlearned, it is deeply and frighteningly ironic, in a way that has parallels in the real world. The global financial crisis resulted precisely from the kind of unbridled amorality that the characters in The Wolf of Wall Street gleefully embrace. Money is their morality. Lives are left battered and bruised, but the Wall Street party keeps raging on.

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  • AUSTRALIA

    Best of 2013: Gillard's game of thrones

    • Jim McDermott
    • 16 January 2014
    1 Comment

    Were you not there when I appointed Lord Slippery to the most honourable office in the land? Were you not there when I travelled to Western Sydney to be with my people and then did only carefully controlled media events? I do not need to make sense. I am Queen! Now, send me my Guild of Faceless Men.

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  • ECONOMICS

    Supermarket self-regulation is a joke

    • David James
    • 10 December 2013
    15 Comments

    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.

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  • ECONOMICS

    Which party really has the economic smarts?

    • David James
    • 13 August 2013
    3 Comments

    As the China boom fades Australia is experiencing a delayed version of the GFC, without the banking crisis. Until now we've been reasonably well served by both sides of politics, in terms of macro-economic strategy. Now we require a way of dealing with more mundane economic issues like productivity and efficiency. Neither side has many good ideas about how to achieve the required structural shifts.

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  • AUSTRALIA

    Kevin's bounce

    • John Warhurst
    • 08 July 2013
    17 Comments

    No one knows whether Kevin Rudd's positive impact on Labor's vote will last. While the potential bounce was long predicted by the opinion polls they could never tell us why. But then again he has always been an enigma. His immediate record of popularity after becoming Opposition Leader in 2006 was equally astounding. As the Rudd-Tony Abbott contest begins afresh there is a lot more that we need to know. 

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  • ECONOMICS

    How financial devils came to rule the universe

    • David James
    • 05 June 2013
    7 Comments

    Religious authorities may not spend a lot of time pondering the nature of global financial systems, but the Pope's recent comment that 'money has to serve, not rule' suggests it can be useful when they do. Given scope to become rule makers, rather than just people who know how to exploit the rules, financiers have moved themselves to a position of mastery.

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  • AUSTRALIA

    Wage inequality leaving workers in poverty

    • Brian Lawrence
    • 28 May 2013
    6 Comments

    The rivers of gold into Treasury have dried up and programs that have provided some relief to struggling families are being wound back. Whether or not large cohorts of workers and their families continue to live in poverty depends on the decisions of the Fair Work Commission in the current Annual Wage Review.

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  • AUSTRALIA

    When it comes to work and welfare, market rules Labor's roost

    • Luke Williams
    • 27 May 2013
    10 Comments

    If I was a long-term unemployed person, how would I answer the question, 'What has the ALP done for me?' 'Lots, and not much.' The Gillard Government's commitment to developing workforce skills suggests it values decent work, not just jobs, but in positing productivity as the path to prosperity it seems more Reagan than Keynes.

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  • AUSTRALIA

    Gillard's game of thrones

    • Jim McDermott
    • 28 March 2013
    12 Comments

    Were you not there when I appointed Lord Slippery to the most honourable office in the land? Were you not there when I travelled to Western Sydney to be with my people and then did only carefully controlled media events? I do not need to make sense. I am Queen! Now, send me my Guild of Faceless Men.

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  • ECONOMICS

    Migrants and big bank theory

    • Andrew Hamilton
    • 07 February 2013
    8 Comments

    There is often a natural antipathy between the financial sector and the community sector. If you give the dog a bone, say the money men, he will only rub it in dirt and bury it. If you give the bank a bone, say the community workers, it will charge you interest on the transaction. But sometimes we are nudged to reconsider our reflexive prejudices.

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  • ECONOMICS

    Best of 2012: The upside down world of global capital

    • David James
    • 09 January 2013
    1 Comment

    Money is not like water, that 'flows' around the world, reaching 'equilibrium', or experiencing 'volatility'. It is transactions between people, based on trust. It enables the cooperation that forms the basis of social life. Human beings should be at the centre. Yet that is the opposite of what is happening. Monday 27 August 

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  • ARTS AND CULTURE

    Stories about people who want to do better

    • Tim Kroenert
    • 20 December 2012
    3 Comments

    One man suffers the shame of sex addiction. For another, a quadriplegic, sex is a matter of dignity. Two couples meet for a civilised discussion about their children's behaviour, but civility collapses. An antihero embraces violence as a solution to exploitative American media. Eureka Street counts down its essential films of 2012.

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