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From Moscow to Beijing, a change in global finance looms, set to challenge the long-standing economic hegemony. This imminent shift could redefine global power structures, disrupt currency markets and international trade. Amidst this uncertainty, one thing is clear: the game of geopolitical chess is no longer played on a Western-centric board.
Amid the rise of 'no religion' among young Australians, there is a nuanced narrative of spirituality with demonstrated potential to alleviate some mental health concerns. With a prominent strain of individualism pervading today's culture, might revisiting spiritual connectedness provide young people with a needed respite?
Who wields the most power in the world? If one follows the money trail, it becomes clear that Western societies have become ruled by a new type of aristocracy: a management aristocracy.
We need to be able to do more than simply give notional assent to the Uluru Statement. We need to be able to contribute to the hard thinking and difficult discussions to be had if the overwhelming majority of our fellow Australians are to be convinced of the need for a Voice in the Constitution.
The Asia Pacific region has some of the world’s poorest and most disadvantaged communities. Supporting our regional family through increased aid and development will be important, but so too is the respect we show to the leaders of those nations which surround us.
On May 3, the Prime Minister of the Solomon Islands, Manasseh Sogavare, vented his fury in parliament at ‘the continual demonstration of lack of trust by the concerned parties, and tacit warning of military intervention in Solomon Islands if their national interest is undermined in Solomon Islands.’ The targets of the speech — Australia and the United States — were clear enough.
Whoever is Prime Minister after the election on May 21, he will need to address the question of Indigenous recognition in the Australian Constitution. This is the sixth election in a row when the question has been a live, unresolved issue during the election campaign. The patience of Indigenous leaders is understandably wearing thin. Trust is waning. There is still no clear path ahead. So where to from here?
The debate among American bishops around whether President Biden and other Catholic politicians should be denied Holy Communion because of their policies on abortion is an important and unsettling one. Let me say I think it would be a tragedy if the bishops were to venture down this path.
The controversy over the shares of US video game company GameStop has again exposed what has long been obvious: there is something seriously rotten in the state of the world’s financial markets. It was a battle between a hedge fund, Melvin Capital, which manages $US13 billion, and a small group of ‘amateur’ investors who communicated with each other on a Reddit forum called WallStreetBets.
There will be Great Reset in finance and economics. It is inevitable because the shock has been so great. The first problem is what to do with global debt, which was already at unsustainable levels before the virus hit: over 320 per cent of global GDP. The only way to prevent system-wide failure has been to lower interest rates to near zero levels.
During his speech at the World Economic Forum, Brazil's right-wing President Jair Bolsonaro was adamant that throughout his tenure, the country would be open to global investors. Absent from the equation were the indigenous people of Brazil, who represent a major obstacle for the planned exploitation of territory and natural resources.
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