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Keywords: Market Crash

  • AUSTRALIA

    Australia's dysfunctional housing quagmire

    • Peter Mares
    • 12 April 2024
    1 Comment

    The ABC’s recent Q+A housing special left many questions unasked and unanswered. Labor, Coalition and Green MPs all say they want more people to be able to buy their own homes. The most obvious way to achieve that would be to reduce the price of housing. Yet no politician will make that an explicit policy aim.

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  • INTERNATIONAL

    In times of crisis, strengthening Greek-Turkish connections

    • William Gourlay
    • 23 March 2023
    1 Comment

    The tragic train crash in Greece that claimed 57 lives has sparked an unexpected show of solidarity from Turkey. This is not the first time these two nations have come together in times of crisis, and despite a history of conflict and mistrust, recent events have brought the Greeks and Turks closer together, and intercommunality may be on the rise.

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  • ECONOMICS

    Can financial fictions survive reality?

    • David James
    • 31 May 2022
    2 Comments

    As commodity prices and inflation soar in the ‘real’ world we may be witnessing a prelude to another 2008-style crisis triggered by the foreign exchange markets. The risks certainly look similar and can be described with a simple question. Can the fictions produced by out-of-control financial actors survive reality? 

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  • AUSTRALIA

    It's time for a native title reckoning

    • Kate Galloway
    • 27 March 2019
    5 Comments

    In the wake of the Timber Creek Decision, state and territory governments should be looking to implement negotiations with traditional owner groups around the nation to seek to settle the property claims — comprehending economic and non-economic losses. It is in no one's interest to engage in a court process for every single claim.

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  • ECONOMICS

    Compound interest is the root of banks' evil

    • David James
    • 04 December 2018
    7 Comments

    The problem goes much deeper than a few crooked operatives and it will not be fixed by changing the corporate 'culture'. The fundamental evil is the arithmetic of compound interest. Interest on debt rises exponentially, while economic activity is linear. That means that sooner or later those in a weaker position are unable to pay.

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  • AUSTRALIA

    Not such a super way to buy your first home

    • Francine Crimmins
    • 14 April 2017
    15 Comments

    As a millennial, I frequently find myself being told to stop complaining about housing affordability. It's all about working harder, saving more and, for goodness' sake, keeping off the avocado. As a young person, I'm concerned about using super, a system which was put aside for our economic welfare in retirement, as a savings account for instant gratification. The government is trying to solve the housing crisis not through direct action, but by encouraging young people into lifelong debt.

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  • ARTS AND CULTURE

    Eviction porn has ethical foundations

    • Tim Kroenert
    • 12 November 2015
    1 Comment

    Against the backdrop of the crash of the US housing market, we linger on the lurid details of families' removal from the brick boxes that have been their homes for decades. We can only watch as they cycle through stages of denial, bargaining, fury and grief. These are well meaning people who have innocently fallen foul of a system that deals in laws and dollars, not humanity. It is a system so corrupt it turns the exploited into exploiters; where its desperate victims embrace corruption in turn as a means of survival.

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  • AUSTRALIA

    Petrol price plunge won’t arrest car decline

    • Greg Foyster
    • 06 February 2015
    3 Comments

    After years of writing pain-at-the-pump puns, journalists are giddy at the prospect of prices heading south for once. The low price is a boon for motorists and regional tourism operators. But it won't change the face that we've hit 'peak car' and are driving less. Young people now prize access over ownership.

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  • MEDIA

    Turnbull's bone for the News Corp behemoth

    • Ray Cassin
    • 24 March 2014
    17 Comments

    Malcolm Turnbull is unusual among Australian politicians in having a keen regard for the role of journalism in a democracy. That makes his blithe disregard of the prospect of handing Rupert Murdoch even greater influence over Australian politics all the more puzzling. It is unsurprising that some observers see the foreshadowed change to media ownership laws as a pay-off for News Corp's support of the Coalition in the 2013 election.

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  • ARTS AND CULTURE

    The heroes and villains of Michael Moore's world

    • TIm Kroenert
    • 12 November 2009
    9 Comments

    Michael Moore makes documentaries only in the sense that Today Tonight does investigative journalism. That's not to say he doesn't land a few well-deserving kicks while he's at it.

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  • RELIGION

    Fallen markets linked to fallen human beings

    • Andrew Hamilton
    • 22 October 2009
    9 Comments

    While knowledge of the economy is important, we already have the more essential knowledge we need — about how fallen human beings behave, and about how to control the effects of such behaviour. The tranquillity of greed must not be left undisturbed.

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  • AUSTRALIA

    Renewed acquaintances: Australia and Russia

    • Luke Fraser
    • 09 September 2009

    The relationship between Australia and Russia is over 200 years old. It began with great promise, but relations cooled following the Russian Revolution. The financial crisis presents an opportunity for both countries to look to each other with optimism once again.

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