Keywords: Finance

There are more than 200 results, only the first 200 are displayed here.

  • 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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  • 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

    Learning from Timor-Leste’s experience for Victoria’s Yoo-rrook commission

    • Pat Walsh
    • 23 March 2021
    4 Comments

    Victoria’s Yoo-rrook Justice Commission, a truth-telling inquiry that will investigate injustices committed against Aboriginal Victorians since colonisation, rightly looks to similar models in South Africa and Canada. Each of these also had a clear Indigenous focus and addressed the ravaging impact of white settlement on traditional lands, cultures and communities in their respective countries.

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  • AUSTRALIA

    Property has a social license, too

    • Andrew Hamilton
    • 25 February 2021
    16 Comments

    Discussion of housing usually focuses exclusively on its relationship to the economy. Housing is seen as property, and the most important questions are seen as having to do with buying and selling. This transactional aspect is important. It needs, however, to be seen in the light of the larger human good. From that perspective housing in all the various forms it takes in different cultures is not a possession but a human need.

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  • ENVIRONMENT

    Not just climate adaptation, but genuine transformation

    • Cristy Clark
    • 10 February 2021
    4 Comments

    On a superficial level, it makes no sense to commit so strongly to managing the impacts of climate change (adaptation) on the one hand while refusing to significantly reduce emissions (mitigation) on the other. On the other hand, when you start to unpack the logic of so much adaptation policy, this contradiction fades away.

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  • ECONOMICS

    GameStopping the system

    • David James
    • 09 February 2021
    5 Comments

    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.

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  • AUSTRALIA

    Remember those in permanent quarantine

    • Andra Jackson
    • 15 December 2020
    5 Comments

    With all the congratulations that have been going around following Melbourne achieving zero COVID-19 cases there is one group that has been entirely overlooked. These particular people remain in a prolonged form of hotel quarantine, unable to mix with the general public. They are refugees and asylum seekers brought to Australia under the now defunct Medevac legislation from Nauru and Manus Island.

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  • ECONOMICS

    Finance needs common sense, not cleverness

    • David James
    • 10 December 2020
    1 Comment

    The world’s financial markets are afflicted by a deep irrationality that imperils their very existence. On the surface, finance looks logical enough with its numbers, charts, mathematics, forecasts, ‘modelling’ and so on. But this only masks the fact that the system itself has been working on underlying assumptions that are either contradictory — such as that you can ‘deregulate’ finance when finance consists of rules — narrow minded or absurd.

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  • ECONOMICS

    Until debt do us part

    • David James
    • 20 October 2020
    3 Comments

    The global economy was already teetering on the edge of such a debt crisis before the coronavirus hit. The economic shutdowns have accelerated the damage.

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  • RELIGION

    Susan Ryan, John Fahey and the Catholic story

    • John Warhurst
    • 08 October 2020
    39 Comments

    Recent weeks have seen the deaths of former NSW Liberal Premier and federal Finance minister, John Fahey, and former Labor federal minister, Senator Susan Ryan. They were both exemplary public figures who not only made a major contribution to Australian public life but did so in a way that drew praise from all sides of politics.  

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  • INTERNATIONAL

    Food insecurity, health privilege and COVID-19

    • Maddison Moore
    • 01 September 2020
    2 Comments

    The global impact of COVID-19 has further increased inequality in food security, with nations already facing widespread famine, malnutrition and food insecurity being hit the hardest.

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  • ECONOMICS

    The great economic rethink?

    • David James
    • 20 August 2020
    6 Comments

    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.

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