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The referendum result was a disaster for the country and a tragedy for First Australians and there has been little appetite for public discussion about lessons to be learnt from this abject failure. If we are to move forward, it’s time to begin the conversation about past mistakes.
To close the year for Eureka Street, the editorial team wanted to nominate who we considered to be the Eureka Street ‘person of the year’ based on this year's newsmakers.
You might think that, if anyone could pull off the establishment of a treaty, a great poet and a great policy maker, working in harmony, would surely have the best chance. But this was not the case: when Judith Wright and H.C. Coombes advocated for a treaty throughout their lifetimes, they were unsuccessful.
Red gum, this ‘smooth-barked large tree that gives watercourses all over Australia their Australian feel’, seemed intent on bobbing up in my life one way or another, sometimes as a result of sheer luck or coincidence. (From 2021)
Amid Australia's unprecedented housing crisis, there's an urgent need for increases in social housing. However, political wrangling hampers the progress of crucial legislation. With 640,000+ Australians facing housing stress, advocates stress the need for immediate action as a starting point towards comprehensive reform that treats housing as a basic human right.
Dr. Eve Vincent's book, 'Who Cares? Life on Welfare in Australia', provides an in-depth exploration of the intricate dance between power, control, and social policy, unearthing unsettling truths about our society's inherent power structures. This discourse further underscores the urgent need for a radical reimagining of our socio-economic systems.
In a year defined by surging living expenses, RBA Governor Philip Lowe finds himself the object of public ire, his failed rate predictions and aggressive anti-inflation measures becoming a litmus test for the enduring effects of a global crisis. Will the Labor party dare sever ties with Lowe, or will they allow him to continue wielding the hammer, regardless of the mounting human cost?
Jim Chalmers’ second budget marks the moment the federal Labor government takes full ownership of the national economy. This budget shapes as a more ambitious document and a more authentically Labor one, too. Chalmers is seeking to look after those who are less well-off, while balancing that against the need to avoid overspending.
As the collapse of Silicon Valley Bank, Signature Bank, and Credit Suisse poses a renewed threat to the global financial system, the question arises: how can we manage out-of-control debt? With global debt exceeding 230 per cent of GDP, could nationalising banks be the solution to the ongoing crisis, or will the debt merry-go-round continue to spin out of control?
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.
Financial markets are made up of human beings and human beings have always been storytellers — long before science, or modern finance, or accounting even existed. Accordingly, the main skill of successful analysts, advisers, financial gurus and commentators is the construction of compelling narratives. They are, if not exactly creators of fairy stories, not too far removed from it.
How much financial strain can a system tolerate? With families simultaneously staring down the four horsemen of wage stagnation, higher prices of goods, higher bills, and higher mortgage repayments, something’s got to give.
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