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The Coalition Government falsely claims that Medicare co-payments and cuts to welfare and publicly funded institutions such as the CSIRO and the ABC are necessary to 'fix Labor's mess'. There are indeed structural problems with the economy, but essentially the plan is to strip the public sector by cutting universal access to a range of services that also includes tertiary education, to create a dominant free market that marginalises Australians on low incomes.
Religious authorities may not spend a lot of time pondering the nature of global financial systems, but the Pope's recent comment that 'money has to serve, not rule' suggests it can be useful when they do. Given scope to become rule makers, rather than just people who know how to exploit the rules, financiers have moved themselves to a position of mastery.
Even after the most dangerous financial crises ever seen, finance industry lobbyists still argue that the sector should not be too heavily regulated as that would be counterproductive. This is nonsense. Money is rules. It is a question of who sets the rules and what kind of rules they should should be.
London is burning. Throughout the rest of the world, stock markets are tumbling at a rate not seen since the 2008 global financial crisis. Unemployment in the US and parts of Europe is high and refuses to come down. What we are seeing in Britain could be just the beginning.
There’s not a spare parking spot to be had in the NSW central west town of Orange. Patrons spill from cafes onto pavements and queues trail in orderly ribbons from the gelato shop’s doorway. There’s no room at any inn, and restaurants are bursting at their (COVID-compliant) seams; forget about scoring a table if you haven’t booked ahead of time. Travel is back, and regional Australia is the big winner.
If society were a mine, refugees would be the canaries in it. Their condition reveals whether the currents of public air are pure or toxic. By that standard the present currents in Australia are noxious. They mark a change from the first generous response to the coronavirus to the meaner reconstruction of the economy.
A common argument is that publicly-funded artists take unnecessarily from the ‘average Australian’. In the current international crisis, this argument fails to recognise that artists and arts workers are just as deeply impacted financially by COVID-19 as the ‘average Australian’ in other industries.
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