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Keywords: Gdp

  • ECONOMICS

    Dollar bulletproofs US economy

    • David James
    • 04 October 2013
    1 Comment

    America is fond of claiming exceptionalism, which is usually little more than an indication of its attitude to moral accountability. But in one area America definitely is exceptional: the global currency markets. There is no risk of the market for American dollars drying up, which means that a default by the American government is, while significant, not especially relevant to what happens with the global trade in US dollars.

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  • ARTS AND CULTURE

    Philosophy of falling

    • Ailsa Piper
    • 18 September 2013
    9 Comments

    Waters fall. So does night. We fall asleep, sometimes because staying awake is too painful. Soldiers fall, and we mourn them. They are boys, many of them, so fall-able. We fall into love, and out of it again, like it is some dark hole. We forget that love should be about rising, because we have fallen back onto cliché. We go through life as though we will always be upright, and when we fall, it hurts.

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  • ECONOMICS

    Life and death issues the election campaign missed

    • David James
    • 06 September 2013
    4 Comments

    Two of the most important issues to have been given scant attention in the election campaign are ageing and property. Even less noticed is the inter-relationship between the two. The effect of ageing on property prices will be arguably the most important financial challenge facing Australian governments over the coming decades.

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  • AUSTRALIA

    Australians are not doing it tough

    • Greg Foyster
    • 02 September 2013
    19 Comments

    Throughout the election campaign, both major parties have pledged to address 'cost of living' pressures. But a quick comparison with the economies of other industrialised nations confirms that Australians have nothing to complain about. If prices rise by 5 per cent but incomes rise by 10 per cent, households are better off, even if the cost of a petrol reaches a new pinnacle.

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  • AUSTRALIA

    Australian democracy needs an intrusion of the excluded

    • John Falzon
    • 19 August 2013
    24 Comments

    Kevin Rudd says we need a 'new politics' or a 'new way'. Tony Abbott says we'll only get a new way by electing a new government. What is missing in both statements is the recognition that what we actually need is a new kind of economic democracy: a reconfiguration of our economic prioritising away from individualism towards the common good, and towards the participation of all rather than the exclusion of many.

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  • ECONOMICS

    Which party really has the economic smarts?

    • David James
    • 13 August 2013
    3 Comments

    As the China boom fades Australia is experiencing a delayed version of the GFC, without the banking crisis. Until now we've been reasonably well served by both sides of politics, in terms of macro-economic strategy. Now we require a way of dealing with more mundane economic issues like productivity and efficiency. Neither side has many good ideas about how to achieve the required structural shifts.

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  • INTERNATIONAL

    Australia's human dumping ground Nauru

    • Walter Hamilton
    • 07 August 2013
    13 Comments

    Welcome to Nauru. Land area: 21 square kilometres. Permanent population: around 10,000. Chief economic activity: human dumping ground. Nauru has joined PNG in the Cohort of the Willing — willing, that is, to take dollops of Australian money to hide away an Australian problem. Substitute 'asylum seekers' for 'convicts' and it recalls the way Australia was used by Great Britain in the 18th century to dispose of a British problem.

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  • ENVIRONMENT

    A reading list for climate change deniers

    • Greg Foyster
    • 30 July 2013
    29 Comments

    With the release of some frightening reports over the last 12 months, those who deny the scientific consensus on climate change will have to expand their list of 'alarmists' to include some unlikely suspects — the World Bank, PricewaterhouseCoopers and the International Energy Agency. When accountancy firms start sounding like environmental campaigners, the future looks very alarming indeed.

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  • AUSTRALIA

    Inconvenient advice for a business-friendly prime minister

    • Michael Mullins
    • 08 July 2013
    4 Comments

    One of Kevin Rudd's key points of difference with Julia Gillard lies in his determination to project a business-friendly image for himself and the ALP. This may have something to do with his decision to dump former parliamentary secretary Andrew Leigh, who is Australia's leading inequality expert and clearly unsympathetic to the demands of big business on government.

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  • INTERNATIONAL

    Turkish democracy gets the shake-up it needs

    • William Gourlay
    • 12 June 2013
    5 Comments

    Turkey's increasingly dictatorial prime minister Recep Tayyip Erdogan paid little heed to last week's violent demonstrations, dismissing protesters as looters and blaming social media for inflaming the situation. The protests are hardly on par with Egypt's government-toppling anti-Mubarak demonstrations, yet may still lead to a rejuvenation of Turkish democracy.

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  • ECONOMICS

    How financial devils came to rule the universe

    • David James
    • 05 June 2013
    7 Comments

    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.

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  • RELIGION

    Aged care and the business of gift

    • Andrew Hamilton
    • 09 May 2013
    9 Comments

    In our care of the aged, not only their health and security are at stake but also their self-respect and dignity. It is impossible not to sympathise with the argument that the high skills this requires from carers should be better remunerated. But in the business of business and remuneration, love is the skill that dares not speak its name.

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