Keywords: Financial Crisis
There are more than 200 results, only the first 200 are displayed here.
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RELIGION
- Bruce Duncan
- 10 July 2015
37 Comments
In a series of articles, The Australian newspaper has strongly criticised the new encyclical Laudato Si', with editor-at-large Paul Kelly charging that the Pope has 'delegitimised as immoral' pro-market economic forces. This is wrong. Pope Francis is not opposed to the free market in principle, but insists that it be well regulated to ensure social justice for all involved.
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ECONOMICS
International Monetary Fund prescriptions have a long history of failing, and countries that ignore them are often the ones that do surprisingly well. Few have been asked to be more servile than the Greeks. When the IMF came in with what is amusingly referred to as its austerity 'plan', the Greek economy was expected to grow at over 2 per cent. After the 'plan' had taken effect, the country’s economy had shrunk by a quarter.
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AUSTRALIA
- Philip Mendes
- 17 March 2015
2 Comments
There are currently two national inquiries into the experiences of children in out-of-home care. Yet neither is specifically exploring what happens to young people transitioning from care. This is like a football team putting in a good performance in the first half but neglecting the second, which decides the outcome.
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ARTS AND CULTURE
- Tim Kroenert
- 05 March 2015
Abel's life is pointedly contrasted with Peter's, a young truck driver who has been the victim of several violent assaults on the job. Peter idolises Abel, for whom the Dream has apparently come true — if Abel can make it, so too can Peter. The problem is that Abel's Dream stands on the backs of ordinary workers like Peter. Peter is a tragic antihero coming to learn that for many, the Dream will remain just that.
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AUSTRALIA
- Colin Long
- 09 February 2015
19 Comments
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.
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ECONOMICS
- David James
- 10 December 2014
12 Comments
One of the fascinating aspects of Australia's political pantomime is the manner in which the Federal Treasurer is forced to metamorphose into a used car salesman who is spruiking the Australian economy. One reason for the relative impotence of the Treasurer is that the Federal government only has control over fiscal policy. Monetary policy, the interest rate, is set by the Reserve Bank, not the government.
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ECONOMICS
- David James
- 19 November 2014
6 Comments
Investing capital in the production of goods and services may create jobs, but it's not the best way to make money. It's more profitable to manipulate the financial system to create more money from money, which is why the finance sector does so well. The polarisation of wealth is less extreme in Australia, but we have our own capital-driven Ponzi scheme - the residential property market, which has become an exercise in making money out of money.
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AUSTRALIA
- Andrew Hamilton
- 14 November 2014
18 Comments
The news that Pope Francis has written a letter to Tony Abbott makes one pause. It is usual for Popes to write such letters, and luckily this one is no shirtfront. Instead it will probably be treated as a hospital pass. The trouble with swerving away from hospital passes, though, is that the watchers may see you as cowardly.
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INTERNATIONAL
- Robert Vitillo
- 10 November 2014
There is a general sense of psychological trauma and anger among the people, and a fear of social unrest and a return to civil war. In the communities in which quarantine has been imposed, people do not have access to food, clean water, and other necessities. The countries are depending on increased international assistance will prevent further spread of the virus and a reduction of irrational fear, stigma, and discrimination in local communities.
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AUSTRALIA
- Frank Brennan
- 22 September 2014
5 Comments
Considering my indebtedness to the two Aborigines who met [my family's ship arriving in Hervey Bay from Ireland] 151 years ago, I owe it to all my fellow Australians to agitate these issues of law, morality and politics here in Ireland so that back in Australia, the homeland which, in my religious tradition, was known as the Great South Land of the Holy Spirit.
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ECONOMICS
- David James
- 08 September 2014
7 Comments
What is only now starting to come into focus is the extent to which the whole economy is in hock to house prices. A sharp fall in the housing market will put intense pressure on our major lending institutions, leading to a deeply depressing effect on all parts of the economy. The regulators, as ever, are taking a hands-off approach.
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MARGARET DOOLEY AWARD
- Andy Lynch
- 27 August 2014
9 Comments
The kind of Australia we live in today can be directly attributed to the kinds of institutions built 150 years ago - schools, universities, libraries, museums, and more. But in 2014 is it even possible to carve out new public institutions or give new life to those that have waned in relevance?
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