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There is a great deal of commentary about the growing importance of artificial intelligence, or AI, especially in business circles. To some extent this is a self-fulfilling prophecy — if people think something will have a seminal effect then it probably will. But if the supposed commercial benefits are significant, the dangers are potentially enormous.
There really is no such thing as ‘capitalism’ — or rather there are so many capitalisms that the word is altogether too imprecise to be useful. A much better term to identify the problems, even evils, of modern developed economies is ‘corporatism’. This can be precisely identified and its transgressions and general harm are getting worse.
If Australia does draw back from globalisation — as opposed to trade, which will continue — then there should be more focus on our primary sector and how it could be better financed. Australia’s long history as a primary producer constitutes what economists call a ‘comparative advantage’: an economic area in which a country does best while giving up the least.
I own my proclivities and short comings / I own the transgressions of those which have inflicted wounds some unhealed / I own the sublime moments of subjective joy / I own little but I am rich in compassion / I own not the land it owns me
Every Australian diocese and parish already has its particular subcultural identity that inflects its liturgy. Celebration, being the authentic hallmark of a liturgy that reflects identity, must keep pace with a theology that also incorporates the diverse cultural space that the young inhabit.
The Glasgow United Nations Climate Change Conference has been advertised as an effort to focus on sustainable environmental solutions. What got much less attention, if any, is that it is probably at least as much about having a sustainable financial system. Many noted that China, did not send its leader: Xi Jinping, president of the world’s greatest CO2 emitter. There was also another significant absence: the financiers who are hoping to profit from the trillions allocated into climate change projects.
Writers inevitably learn bitter lessons, including one about readers who will be wounded, hurt, or at least deeply offended by their work. There is usually more than one group of these, for people become upset for reasons that are many and varied. Such is the case in the reaction to Jeanine Cummins’ fourth book, American Dirt. Cummins has been variously accused of stereotyping, racism, narcissism, and of lacking in empathy.
After an excruciating few weeks of negotiations with the Nationals — and far too many hours subjected to Barnaby Joyce’s ramblings — the Morrison government has finally announced their predictably underwhelming plan to reach net zero emissions by 2050.
One of the challenges facing churches today has to do with tradition. Tradition is a sometimes charged word, but it refers to an everyday social need. It has to do with how a community passes on its way of life and its understanding of authoritative writings that shape it. The word itself can refer both to what is passed on and to the process of passing it on. The challenge of passing on a tradition is perennial. Both ways of living and writings reflect the culture of their own time and so need to be translated into the changing languages of later cultures.
Over the last two years, money printing has created the illusion of strength in savings. But when reality resurfaces, and actual returns are required from actual economic and business activity, the global financial system will come under extreme stress.
There is a three-way battle looming over the future of money and the stakes could scarcely be higher. Conventional money, mainly debt created by banks — the ‘folding stuff’ is only a tiny proportion of the total — is in trouble. Total global debt is now so large relative to the world economy it cannot be serviced, which is why monetary authorities have resorted to dropping interest rates. When they almost hit zero, the next step was quantitative easing (QE): printing money by getting the central bank to buy back government and corporate bonds and putting them on its ‘balance sheet’.
Stopped at two stones, I languish beneath this vault tarnished with heaven. The tangle of these paths are in possession of my blindness. Nothing is more squalid than my monotony.
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