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AUSTRALIA
- Cristy Clark
- 10 November 2021
9 Comments
Peter Dutton has recently argued that funds for defamation actions should be a ‘workplace entitlement’ for Members of Parliament (MPs). I’d like to repeat that another way: the Honorable Peter Dutton, Commonwealth Minister for Defence, would like the taxpayer to fund MPs to sue members of the Australian public for defamation.
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ECONOMICS
- David James
- 08 November 2021
4 Comments
The Glasgow United Nations Climate Change Conference has been advertised as an effort to focus on sustainable environmental solutions. What got much less attention, if any, is that it is probably at least as much about having a sustainable financial system. Many noted that China, did not send its leader: Xi Jinping, president of the world’s greatest CO2 emitter. There was also another significant absence: the financiers who are hoping to profit from the trillions allocated into climate change projects.
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ARTS AND CULTURE
- David Rowland
- 01 November 2021
8 Comments
Ben Jonson is one of the great English Renaissance playwrights but he can also be challenging for the modern reader. When I first came to Jonson some years ago, I attempted a comedy from 1610, The Alchemist. I soon felt out of my depth. Conceding defeat, I put the book aside and told myself that there would be some ‘other time’. This year in Melbourne, with the theatres closed, the streets largely deserted, and travel restrictions firmly in place, that ‘other time’ arrived.
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ECONOMICS
- David James
- 12 October 2021
4 Comments
Over the last two years, money printing has created the illusion of strength in savings. But when reality resurfaces, and actual returns are required from actual economic and business activity, the global financial system will come under extreme stress.
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ARTS AND CULTURE
- Brian Matthews
- 06 October 2021
2 Comments
I’m reminded of George Orwell in smashed-up thoroughly locked-down, wartime London welcoming the first signs of spring amidst the ruins and winter’s lingering cold but wondering whether he should. ‘Is it wicked,’ he asks, ‘to take a pleasure in spring and other seasonal changes? To put it more precisely, is it politically reprehensible?’
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ARTS AND CULTURE
- Michael McGirr
- 20 September 2021
11 Comments
It’s not hard to understand why so many people are watching Ted Lasso (Apple TV), nor why it was nominated for twenty Emmy Awards and won seven. Believe it or not, it is twenty years since The Office first premiered on the BBC. Not since then has a comedy series cut so close to the bone of our cultural needs and anxieties.
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ECONOMICS
- David James
- 07 September 2021
4 Comments
There is a three-way battle looming over the future of money and the stakes could scarcely be higher. Conventional money, mainly debt created by banks — the ‘folding stuff’ is only a tiny proportion of the total — is in trouble. Total global debt is now so large relative to the world economy it cannot be serviced, which is why monetary authorities have resorted to dropping interest rates. When they almost hit zero, the next step was quantitative easing (QE): printing money by getting the central bank to buy back government and corporate bonds and putting them on its ‘balance sheet’.
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ARTS AND CULTURE
- Michael McGirr
- 02 September 2021
15 Comments
There is a curious world called LinkedIn, a social media site for people trying to nurture their careers. The problem with it is that the participants are expected to take themselves more seriously than they might in what we used to call real life. LinkedIn has a culture of self-importance that cracks me up every time. There is nothing quite as funny as utter humourlessness.
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RELIGION
One might submit that a Plenary Council is a cumbersome instrument to ascertain the genuinely representative views of the Catholic Church in Australia. Many of the canonical strictures regarding the membership, agenda and process of the Council will dampen the original enthusiasm for the Council that provoked over 17,500 submissions.
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AUSTRALIA
- Frank Brennan
- 17 August 2021
9 Comments
Last Wednesday, the Senate Standing Committee for the Scrutiny of Delegated Legislation chaired by the Government’s Senator Concetta Fierravanti-Wells tabled a report highlighting problems with a proposed new regulation affecting charities.
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ECONOMICS
- David James
- 12 August 2021
4 Comments
The biggest mystery of the financial markets is why, when the monetary authorities have been printing money with their ears pinned back, is inflation for the most part not a problem? What happens with inflation is crucial to the short-term survival of the whole system. Global debt, which is running at well over 300 per cent of global GDP, is only sustainable because interest rates are exceptionally low (the base rate in Australia is only 0.1 per cent). And interest rates are low because inflation is not a problem.
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ARTS AND CULTURE
- Brian Matthews
- 05 August 2021
4 Comments
In times of unexpected or inexplicable crisis, humans all over the globe regardless of race, religion, lineage or historical evidence, will often turn to myth, the occult, each other, to their until then untested and unimpressive leaders, or to a hoped-for apparent miracle to explain what seemed otherwise beyond explanation.
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