keywords: Global Economic Crisis
There are more than 200 results, only the first 200 are displayed here.
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ARTS AND CULTURE
- Colm McNaughton
- 29 March 2010
10 Comments
It is becoming clear that we are probably not going to avert cataclysmic forms of climate change. The foundational Greek and Hebraic imaginaries, the mythical
narratives that frame western civilisation, can no longer contain,
inform and explain what
we experience. We need new stories.
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EUREKA STREET TV
- Peter Kirkwood
- 18 December 2009
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AUSTRALIA
- Gillian Bouras
- 27 April 2009
4 Comments
Australian Shareholders Association says the BrisConnections 'lifeline' offered by the Macquarie Group won't cover 'the bulk of desperate investors'. Sometimes bad things happen to good people at the mercy of the clever and the greedy.
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ECONOMICS
To date, most of the Morrison government’s economic packages could best be described as ‘economic welfare’. They are measures designed to limit the impact on the economy of the COVID-19 pandemic. The recovery phase will very much need to be about stimulating the Australian economy.
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ECONOMICS
- David James
- 01 April 2020
4 Comments
The world-wide chaos caused by the outbreak of the coronavirus has underlined a lesson that was only partly learned in the Global Financial Crisis of 2008. In a more interconnected world the understanding of system-wide risk needs to be much better than it is.
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ARTS AND CULTURE
- Deborah Singerman
- 15 March 2020
2 Comments
I still mainly look back. The bushfire legacy lives on. It acts as a benchmark for assessing tragedy and hope. I cannot get the searing images out of my head of red, angry skies, of flames raging frighteningly, embers flying, and firefighters miraculously persevering against the odds.
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AUSTRALIA
While the current economic climate is cause for concern, it is not the time to panic. A more sensible alternative to austerity is for governments, business, unions and charities to look for ways we can together soften the impact of any global downturn. This will require bipartisan agreement to sacrifice some or all of the budget surplus.
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ECONOMICS
While money can be transacted for things that are bad — air pollution, road deaths, cigarette ads — as long as more transactions occur, it creates the illusion the economy is growing, which, ipso facto, is good. Thus, Japan's GDP rose sharply after the tsunami disaster. New Zealand's initiative will track better what is really happening in the country.
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ECONOMICS
- David James
- 12 December 2017
1 Comment
It is not difficult to imagine a scenario where the game of musical chairs in Australia will come to a shuddering end, imperilling the banks and dragging the economy into a deep recession. As we saw in the GFC in America and Europe, government money will be thrown at the banks to rescue them at the expense of ordinary citizens.
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INTERNATIONAL
- David James
- 09 August 2016
15 Comments
The main legislative catalyst for the GFC was the repeal, in 1999 by Bill Clinton, of the Glass Steagall Act, which had prohibited commercial banks from engaging in the investment business. This allowed the investment banks to indulge in the debauch of financial invention that almost destroyed the world's monetary system. Trump has made the reinstatement of Glass Steagall official policy. Should that happen, it could be the most beneficial development in the global financial system for decades.
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ECONOMICS
- David James
- 19 January 2016
11 Comments
Low interest rates tend to change the understanding of risk; having high debt seems to be less of a problem because the cost of servicing it is lower. This cavalier attitude has been especially evident in Australian households, which have racked up more debt relative to the size of the economy than any other country in the world. The massive appetite for debt has been replicated across the globe. The world may have survived the era of casino money - just - but it is now facing another crisis.
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AUSTRALIA
Neoliberal economics underlies the recent Federal Budget and the major parties’ welfare policies. It proclaims the end of the age of entitlement and speaks of small government, as it embraces the privatisation of 'service delivery'. Faith based organisations are involved as agencies of the government, often forced to impose punitive measures rather than the promise of the 'carrot' that is their purpose.
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