Keywords: Economy

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  • ENVIRONMENT

    The right to a healthy environment

    • Cristy Clark
    • 21 October 2021
    2 Comments

    On 8 October, at its 48th session, the United Nations Human Rights Council formally adopted a resolution recognising the human right to a clean, healthy and sustainable environment. It emphasises that ‘environmental degradation, climate change and unsustainable development constitute some of the most pressing and serious threats to the ability of present and future generations to enjoy human rights, including the right to life’.

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  • ECONOMICS

    A strange financial circus

    • David James
    • 12 October 2021
    3 Comments

    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. 

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  • AUSTRALIA

    Epidemiologists and unexpected lessons

    • Andrew Hamilton
    • 15 September 2021
    7 Comments

    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.

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  • INTERNATIONAL

    New Yorkers remember 9/11 twenty years later

    • Jim McDermott
    • 14 September 2021
    3 Comments

    Giovanna Slon was just beginning her third year at Fordham University in the Bronx when a plane hit the World Trade Center on Tuesday, September 11, 2001. ‘At 8:47am, my R.A. bangs on my door and tells me “You have to get up. There’s something happening.”’   

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  • ECONOMICS

    The battle for the future of money

    • David James
    • 07 September 2021
    4 Comments

    There is a three-way battle looming over the future of money and the stakes could scarcely be higher. Conventional money, mainly debt created by banks — the ‘folding stuff’ is only a tiny proportion of the total — is in trouble. Total global debt is now so large relative to the world economy it cannot be serviced, which is why monetary authorities have resorted to dropping interest rates. When they almost hit zero, the next step was quantitative easing (QE): printing money by getting the central bank to buy back government and corporate bonds and putting them on its ‘balance sheet’. 

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  • AUSTRALIA

    Coming out of Coronavirus  

    • Andrew Hamilton
    • 02 September 2021
    11 Comments

    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?

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  • ECONOMICS

    Labor’s embrace of Liberal tax policies leaves poor worse off

    • Chris Smith
    • 31 August 2021
    10 Comments

    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.

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  • ECONOMICS

    Homelessness is caused not by poverty but by wealth

    • John Falzon
    • 10 August 2021
    13 Comments

    When you put rising housing costs alongside stagnating wages, an alarming trend in normalising insecure work, persistent unemployment and underemployment, and statutory incomes that are going backwards in real terms, there’s good reason to be deeply worried about an increase in homelessness.

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  • ARTS AND CULTURE

    Tying off the threads of doubt

    • Brian Matthews
    • 05 August 2021
    4 Comments

    In times of unexpected or inexplicable crisis, humans all over the globe regardless of race, religion, lineage or historical evidence, will often turn to myth, the occult, each other, to their until then untested and unimpressive leaders, or to a hoped-for apparent miracle to explain what seemed otherwise beyond explanation.

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  • RELIGION

    St Benedict and communities: not to retreat from the world, but to engage deeply in it

    • Andrew Hamilton
    • 15 July 2021
    14 Comments

    Benedict’s rule anticipates and handles the weakness inherent in enthusiastic movements led by charismatic leaders to leave the world. They import into the communities the power-based relationships in the world that they left.

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  • AUSTRALIA

    Don’t be distracted by the individual blame game, focus on the system

    • Cristy Clark
    • 13 July 2021
    16 Comments

    Although there has been a reasonable level of attention paid to governance issues — such as the incredibly slow vaccine roll out, the ongoing problems with hotel quarantine, and the timing of the lockdown itself — Sydney’s current lockdown has also been marked by an unhelpful focus on individual actions.

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  • EDUCATION

    What's the point of schooling?

    • Tim Hutton
    • 29 June 2021
    62 Comments

    The question being asked, however, is one that puts the cart before the horse. The question of ‘What do you want to see in the national curriculum?’ presupposes the answer to another question: What even is the purpose of schooling?

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