Keywords: Global Economic Crisis
There are more than 200 results, only the first 200 are displayed here.
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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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ENVIRONMENT
- Greg Foyster
- 03 August 2016
6 Comments
The neoliberal right is losing political power to the populist right, which isn't filled with the same ideological zeal for free-market capitalism. Suddenly debates can expand beyond the narrow confines of economic growth. Moral and social arguments won't be relegated to the intellectual fringes anymore. Mainstream parties of the left and right, both of which bought into the neoliberal agenda, will have to break their bipartisan dismissal of discontent with the side effects of globalisation.
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ENVIRONMENT
- Thea Ormerod
- 21 June 2016
4 Comments
An accelerating number of institutions and individuals are moving their money out of planet-heating fossil fuels and into climate solutions. The total assets guided by some form of divestment policy was $3.4 trillion at 2 December last year, 50 times more than what was up for divestment 12 months earlier. It sounds like a lot, but it's a small amount compared to the $100 trillion-plus invested in the usual way. That's our money, in banks and super funds, managed funds and insurance companies.
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AUSTRALIA
Living within the United Nations community I've witnessed Australia fall from a well-respected international citizen, to becoming the spoilt, sneaky brat of international relations. Even the most blasé glance at the geo political currents moving through the planet reveal complexities this election pretends don't exist. Australians fighting about jobs and growth in the corner comes across as deeply deluded isolationism. The Great Barrier Reef is dying. The world is watching. Hello Australia? Anybody home?
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ECONOMICS
- David James
- 18 April 2016
11 Comments
Three finance-related events are currently gaining great attention in the media. One is the so-called Panama Papers. Another is the proposal to have a royal commission into the banks. And a third is the furore over the unaffordability of homes and the debate over negative gearing. On the surface they would seem to be quite separate issues. But all three issues demonstrate yet again that banks are, if not the most malign organisations on the planet, then certainly among the most dangerous.
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ECONOMICS
- David James
- 26 February 2016
8 Comments
It is not often that federal political parties exhibit courage. Labor's decision to change the rules on negative gearing is a rare instance. It targets what is most dangerous and unfair in our financial system. Expect howls of protests from powerful lobby groups if it ever looks like becoming policy. But these changes alone won't be enough to deal with the ills of the financial system. While they are designed to target the bias away from productive investment, they won't remove the attraction towards property.
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INTERNATIONAL
- J. R. Hennessy
- 19 February 2016
24 Comments
The aftershocks of the late-century push for liberalisation and the GFC have bred generations of dislocated voters who seek answers outside of the limited solutions of centrist governance. This provides ample opportunity for true progressive change, as seen in Europe and Latin America, and now the US and UK. Where's Australia? Nowhere to be seen. It is hard to imagine a truly progressive candidate emerging from our ossified political structures. There are a few reasons for this.
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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
- Justin Glyn
- 14 December 2015
4 Comments
There is a new proposal from Prime Minister Malcolm Turnbull that those convicted of terrorism offences are to be remanded in jail even after they finish serving their sentences. Given that the pressing of terrorism charges has already proven to be a highly subjective practice, there is good reason to fear that any new powers to detain people beyond the expiration of their sentences for terrorism offences will, like the offences themselves, be applied in a politically selective manner.
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ENVIRONMENT
- Fatima Measham
- 11 November 2015
6 Comments
The UN Climate Change Conference in Paris is set to become the last opportunity for meaningful global action. The signs so far bear optimism, as the impetus for a binding international agreement to tackle the severity and effects of climate change has taken a turn. In order to better understand why, and appreciate the difference that a few years can make, it is worth revisiting why Copenhagen was such a disaster. The most meaningful difference between then and now involves leaders.
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ENVIRONMENT
- Frank Brennan
- 06 November 2015
1 Comment
Francis does not pretend to have answers to the big questions which will confront world leaders when they gather in Paris. But he does think the science is IN, and the evidence is clear that much of the climate change, loss of biodiversity and water shortages are the result of human action. We are blessed to have a pope who speaks to all the world about the prudence, justice and empathy required so that more people on our planet might enjoy integral human development.
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AUSTRALIA
- Frank Brennan
- 23 October 2015
4 Comments
Francis knows there are all sorts of issues inside and outside the Church where for too long people with power have tried to keep the lid on, in the hope that the problems and complexities will go away, often by parodying those who see the problems or complexities as small 'l' liberals or cafeteria Catholics. He delights in being joyful and troubled while contemplating big problems, calling people of good will to the table of deliberation reminding them of the kernel of the Christian gospels. He has the faith and hope needed to lift the lid without fear and without knowing the answers prior to the dialogue occurring.
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