Welcome to Eureka Street

back to site
Forgot your password?
Subscribe

Keywords: Stock Market

  • RELIGION

    Catholic churches confront housing crisis

    • Claire-Anne Willis and Denis Fitzgerald
    • 20 July 2018
    4 Comments

    The demand for social housing and the substantial Church investment in land means that housing should remain a significant priority of the Catholic Church in Australia. It is an injustice for some to have more than enough while others lack bare necessities. Compassionate and fair leadership needs to drive social change.

    READ MORE
  • ECONOMICS

    Trump's trade attack is off track

    • David James
    • 18 July 2018
    2 Comments

    Trump's destruction of the architecture of international trade agreements and reversion to protectionism will expose the complexity of globalisation, but is unlikely to have the effect he is aiming at, which is to bring investment capital, and jobs, back to his country.

    READ MORE
  • ECONOMICS

    Japan could lead the way in forgiving debt

    • David James
    • 14 May 2018
    4 Comments

    As the world economy groans under soaring levels of debt, the place to look is Japan, whose current government debt-to-GDP ratio is an eye watering 253 per cent. It is Japan, which led the developed world into this mess, that is likely to lead the world out of it by cancelling debt. The consequences of such a move would be far reaching.

    READ MORE
  • RELIGION

    Bringing humanity back to the cult of numbers

    • Andrew Hamilton
    • 14 March 2018
    16 Comments

    At the heart of Pythagoras' contribution was wonder at a world in which human intelligence could understand and handle such different phenomena as music, architecture and the stars through mathematics. The cult of numbers in a cruder form remains characteristic of public life today. The most revered numbers are economic.

    READ MORE
  • ECONOMICS

    Economic doom looms in Oz's game of homes

    • David James
    • 12 December 2017
    1 Comment

    It is not difficult to imagine a scenario where the game of musical chairs in Australia will come to a shuddering end, imperilling the banks and dragging the economy into a deep recession. As we saw in the GFC in America and Europe, government money will be thrown at the banks to rescue them at the expense of ordinary citizens.

    READ MORE
  • MEDIA

    There is no such thing as capitalism

    • David James
    • 27 October 2017
    14 Comments

    In literary studies, one of the most important requirements is the need to define one's terms accurately. It has always come as a shock to me that economics is almost completely devoid of such precision. Much of the terminology of the 'discipline' of economics is either nonsense, or thinly disguised tautologies.

    READ MORE
  • ARTS AND CULTURE

    A few crumbs from a table of plenty

    • B. N. Oakman
    • 09 October 2017
    2 Comments

    He's not difficult to find. Black men stand out in rich barrios. He'll be standing outside the supermarket, smiling, a self-appointed doorman selling a magazine nobody buys. His name is Samuel. He's from Ghana. His father is dead. He sends what money he can to his mother. He has no papers and no work because he has no papers. Madrilenos offer small change after shopping.

    READ MORE
  • ECONOMICS

    Bitcoin revolution is a matter of trust

    • David James
    • 30 June 2017
    2 Comments

    One of the more interesting recent developments in finance has been the creation of Bitcoin and other crypto-currencies. They are being touted as a revolution in how we think and use money. Alternately, there are many who want to go in the opposite direction, back to the gold standard. Both sides have a common enemy: money whose value is determined by government dictate. Allowing governments to dictate in this way, they argue, is the core of the problem. To a significant extent, they are wrong.

    READ MORE
  • ECONOMICS

    Budget's bank slug flouts the property precipice

    • David James
    • 10 May 2017
    3 Comments

    The $6.2 billion the government will raise through a levy on bank liabilities not only shows how out of favour banks have become, it is also, in effect, a de facto tax on property lending - a counterbalance to negative gearing and capital gains tax breaks. It is a tax on property lending because nearly all the banks' loans are mortgages for housing, or business loans secured with property. Of course the banks will pass the extra cost on to their customers, so it becomes a tax on borrowers.

    READ MORE
  • MEDIA

    Gambling on the fat dollar

    • Rachel Woodlock
    • 23 March 2017
    3 Comments

    Elite athletes wear Nike. Celebrities wear Nike. Beautiful people. People who take their sports seriously. Well, that's what decades of advertising around the little swooshy tick and 'Just Do It' trademark told us. Fat girls don't deserve to wear Nike because they are supposed to feel ashamed of their ample girths. They should exercise, of course, but in sackcloth and ashes, with downcast faces, signalling they understand their moral depravity. Some people, it seems, still feel that's the way it should be.

    READ MORE
  • INTERNATIONAL

    History comes to strife in Stratford-upon-Avon

    • Patrick McCabe
    • 29 November 2016
    3 Comments

    Someone I read in high school, so probably Shakespeare, once said 'The past is a foreign country, they do things differently there.' Well, whoever it was clearly hadn't been to Stratford-upon-Avon (so maybe not Shakespeare then). Here, you truly can visit the past, without a passport. As one peruses the shops, houses, supermarkets and ATMs, one cannot help but speculate as to the links between Shakespeare's works and what must have been the commonplaces of his everyday life.

    READ MORE
  • ECONOMICS

    The bad business of privatisation

    • David James
    • 13 September 2016
    18 Comments

    The argument that putting government operations into private hands ensures that things will run better and society will benefit is not merely a stretch; it is in many respects patently false. The argument is based on the claim that the market always produces superior price signals. Yet one area where private enterprise definitely fails is long term stability. If there is an expectation that a privatised service should last in the long term, and usually there is, then selling it to business is a bad choice.

    READ MORE