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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.
Despite the heavy focus on 'hard-hat' professions in our political discourse, Australia’s economy is dominated by its service sectors. If this is Australia’s first service sector recession, why is this not reflected in the focus of our recovery and job creation programs?
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.
In the choppy waters of public conversation, rulers have recently attracted much attention as they have bobbed along on its surface. This is not unusual, but in these months the attention has been more frenetic and perhaps harder to read. Whether it be Trump, Johnson, Andrews, Ardern, Berejiklian or Pope Francis, there have been unusual eddies about them that merit reflection.
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.
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.
A recent report from Jesuit Social Services’ Support after Suicide program reflects on the experience of people who have accompanied a friend or family member before, through and after their suicide. At the heart of the report is its insistence on the importance of the human face in health care.
Beyond the announcement of the corona supplement falling from $550 to $250 a fortnight in September, and the reintroduction of asset testing, there has been little in the way of a roadmap for our nation’s unemployed in a landscape where job seekers outnumber jobs 13:1.
61-72 out of 200 results.