Welcome to Eureka Street

back to site
Forgot your password?
Subscribe

Keywords: Rba

  • ARTS AND CULTURE

    Race relations

    • Gillian Bouras
    • 29 June 2022
    10 Comments

    What causes racism? How does it start? Perhaps that’s at the heart of the matter: the difference, and the fear of it. Historically, we have tried to manage the fear via labels and categories: think of the ancient Greeks and their idea that anybody who did not speak Greek was a barbarian because of the bar-bar sounds that they made.

    READ MORE
  • ECONOMICS

    Rising interest rates point to a larger problem

    • David James
    • 28 June 2022
    3 Comments

    The question that should be posed is how effective has the Reserve Bank been at ‘managing’ the economy and financial system? ‘Not very’, has to be the answer. Not that the RBA is alone. The same pattern has been seen across the developed world. Central banks have one weapon at their disposal, the cost of money (the interest rate), and there is not much evidence they have used this tool to make their systems sustainable. Mostly, they have made matters worse. 

    READ MORE
  • INTERNATIONAL

    Stalin’s patriarchate

    • Stephen Minas
    • 23 May 2022
    3 Comments

    ‘We removed him from the mausoleum’, wrote the Soviet poet Yevgeny Yevtushenko. ‘But how do we remove Stalin from Stalin’s heirs?’ The poem was published in 1962 but it’s still a good question. Today one of Stalin’s heirs commands a barbaric war against Ukraine with the enthusiastic cheerleading of another such heir – the leader of the Moscow Patriarchate reestablished by Stalin.

    READ MORE
  • ECONOMICS

    Supply to survive

    • Julian Butler
    • 31 March 2022
    1 Comment

    In 2020 as the Covid-19 pandemic raged globally, as Australia shut its borders and some states shut in their people, massive government income support was introduced. The government was a little slow coming to recognise the need for such measures. Once they had, they wanted the support rolled out as quickly as possible. Frydenberg, Scott Morrison and their colleagues recognised that a demand side boost was absolutely necessary to sustain economic activity. The government was uncomfortable, though, with this approach.  

    READ MORE
  • ECONOMICS

    What will rising interest rates mean for wealth inequality?

    • David James
    • 01 March 2022
    3 Comments

    Australia’s Reserve Bank mainly concentrates on keeping inflation within an acceptable range and maintaining a high level of employment. Social equity has never been considered to be part of its mandate. It should be. Interest rates have been the biggest cause of economic and social division in Australia, not just between rich and poor, but also between older and younger generations. 

    READ MORE
  • AUSTRALIA

    The unequal pandemic

    • Brigid Meney
    • 31 January 2022
    18 Comments

    When COVID-19 first arrived, it was described as the great equaliser. Infection could happen to anyone. Your race, creed, or the balance of your bank account didn’t matter to the virus that was spreading. But after a summer of dodging the virus and hunting for rapid tests, it is abundantly clear this isn’t a pandemic of equals. Now we have the data which quantifiably measures just how Australia's socio-economic fault lines were exposed and exacerbated by COVID-19.

    READ MORE
  • ARTS AND CULTURE

    To journey without travel

    • Catherine Marshall
    • 20 April 2021
    4 Comments

    Sitting at my garden table one warm February day watching birds dash from paperbark to Tasmanian blue gum to palm tree, I realised with a satisfying jolt that I had been present for every season of this singular year; I had journeyed in sync with my surroundings on their year-long journey around the sun.

    READ MORE
  • AUSTRALIA

    The digital divide in a new normal

    • Nicola Heath
    • 23 February 2021
    3 Comments

    For those of us who already regularly shopped, banked, studied and worked via the Internet, it was easy to adapt to telehealth appointments with doctors and video calls with friends and family. Of course, these activities require access to the Internet — something 2.5 million Australians are without. A further 4 million access the Internet solely using a mobile connection. For these citizens, the pandemic exacerbated the existing digital divide.

    READ MORE
  • 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.

    READ MORE
  • ECONOMICS

    Class and COVID-19

    • David James
    • 17 September 2020
    5 Comments

    The issue of class, economic inequality, has for some time been conspicuously absent in contemporary political debate. In the wake of COVID-19, which will greatly exacerbate income and wealth disparities, such inattention must be addressed.

    READ MORE
  • ARTS AND CULTURE

    Friends and Rivals and the ocean in the shell

    • Andrew Hamilton
    • 01 May 2020
    1 Comment

    In Friends and Rivals Brenda Niall brings together four significant Australian women writers. Between them they published works from the 1890s to the 1950s. Ethel Turner and Barbara Baynton were from NSW. Nettie Palmer and Henry Handel Richardson were from Victoria, both schooled at Presbyterian Ladies College.

    READ MORE
  • AUSTRALIA

    AFLW continues to make history

    • Kirby Fenwick
    • 13 February 2020
    5 Comments

    Footy returned to our radios, televisions and suburban grounds right around the country last weekend as the fourth season of the AFLW kicked off. It was a weekend of history making moments but it was also a weekend that highlighted some of the very real challenges facing the competition.

    READ MORE