Welcome to Eureka Street
Looking for thought provoking articles?Subscribe to Eureka Street and join the conversation.
Passwords must be at least 8 characters, contain upper and lower case letters, and a numeric value.
Eureka Street uses the Stripe payment gateway to process payments. The terms and conditions upon which Stripe processes payments and their privacy policy are available here.
Please note: The 40-day free-trial subscription is a limited time offer and expires 31/3/24. Subscribers will have 40 days of free access to Eureka Street content from the date they subscribe. You can cancel your subscription within that 40-day period without charge. After the 40-day free trial subscription period is over, you will be debited the $90 annual subscription amount. Our terms and conditions of membership still apply.
There are more than 200 results, only the first 200 are displayed here.
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.
Some weeks ago I wrote about the taking of human life and of the loss of its sacred connotations. I argued that the decisive consideration governing recent legislation in such issues as abortion and assisted dying has been the appeal to individual choice, supported by compassion for people who suffer from their denial. Whether we welcome this trend or regret it, as I do, we all have an interest in asking what effect it will have on society. In this article I would like to explore this question in a way that opens rather than closes conversation.
Does life have meaning? Or, as the new nihilists suggest, is life meaningless? A new book, The Sunny Nihilist, by writer and journalist, Wendy Syfret, puts the case for nihilism as an antidote to the obsessive search for meaning and purpose that many modern people experience.
In the Catholic calendar the Feast of St Francis of Assisi falls on next Tuesday. Although he gave up on wealth, power and influence Francis probably had a bigger effect on his world than any of his contemporaries. He continues to attract people to challenge the values of our society and to spark renewal in Christian institutions at the risk of going stale.
A striking feature of the Australia’s path through Coronavirus has been the coming out of epidemiologists and social biologists. From being little known members of small institutes they became rock stars, invited to press conferences, deferred to by politicians, selectively chosen for comment by the media, but also resented by representatives of big business and defenders of individual freedom.
I have never paid much attention to the Olympics or Paralympics. The games always seemed too patriotic while simultaneously being too individualistic. Plus, I don’t enjoy watching people push themselves so hard for something to the point where they need to throw up. That said, I’m in Melbourne in lockdown, I’m working from home, and living alone and I need to have something on in the background while I work, or I feel too lonely. If I play music, I get distracted. So I decided to tune into the games and have them on in the background, volume low, to see if it helped me focus.
Clive Palmer is one Australian wanting to smash border restrictions during this time of pandemic. He is threatening to go back to the High Court seeking recognition of his right as an Australian citizen to travel freely between the States. In particular he claims the right to enter Western Australia where he has significant mining interests.
In recent weeks the value of human life has become a topic of public conversation in different contexts. Proposed legislation on abortion and assisted dying has continued to focus attention on it. Debate about loosening COVID restrictions has also balanced the risk of death from the disease with risks to health and economic welfare from lockdowns. In Afghanistan the victory of the Taliban has again raised questions about the morality of the war and the killing involved by both sides.
As restrictions drag on and the number of infections rises, more Australians are asking when lockdowns can cease. Federal politicians and business leaders have argued the case for a quick ending while claiming the authority of scientists. Science being science, the relevant questions have been tied to numbers. They have asked: how few cases should there be in the community before leaving lockdown? What percentage of the community must be vaccinated before the lifting of restrictions? What number of deaths should be tolerated for the gains of opening the economy? And when precisely should the opening of Australia take place?
In July, Anthony Albanese announced a significant change of stance on Labor tax policy which was disappointing, if not surprising. An elected Labor government, Albanese promised, would keep the coming high income tax cuts he previously opposed. This decision to not oppose the government proposal to restructure the income tax system through reduced marginal rates is supporting a government policy that will lead to a significant redistribution of wealth towards high income earners.
The New York Times editorial on 15 August was all about tragedy in describing the fall of Kabul to the Taliban. ‘Tragic because the American dream of being the “indispensable nation” in shaping a world where the values of civil rights, women’s empowerment and religious tolerance rule proved to be just that: a dream.’
The biggest mystery of the financial markets is why, when the monetary authorities have been printing money with their ears pinned back, is inflation for the most part not a problem? What happens with inflation is crucial to the short-term survival of the whole system. Global debt, which is running at well over 300 per cent of global GDP, is only sustainable because interest rates are exceptionally low (the base rate in Australia is only 0.1 per cent). And interest rates are low because inflation is not a problem.
181-192 out of 200 results.