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Prior to the conclave that elected Pope Francis, the Cardinals who met together identified the need for a reform of the Vatican finances and a broader reform of the Roman Curia. Shortly after Francis was elected, work began on the reform of the Roman Curia. There was wide consultation including with the various bishops’ conferences around the world.
If Australia does draw back from globalisation — as opposed to trade, which will continue — then there should be more focus on our primary sector and how it could be better financed. Australia’s long history as a primary producer constitutes what economists call a ‘comparative advantage’: an economic area in which a country does best while giving up the least.
The elevation of Dominic Perrottet to the Premiership of New South Wales caused a flurry of commentary about his religious faith. In many parts of the media his politics and personality were framed by his Catholicism. I watched on with a degree of discomfort, and with a sense of possibility. Could some of the bigoted characterisations invite a richer conversation about the ideals and deeper narratives that enliven our public leaders?
Recent weeks have seen the deaths of former NSW Liberal Premier and federal Finance minister, John Fahey, and former Labor federal minister, Senator Susan Ryan. They were both exemplary public figures who not only made a major contribution to Australian public life but did so in a way that drew praise from all sides of politics.
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.
We live in an era of hyper-transactionalism, whereby most of what we do is subject to the exchange of money and market pricing. Whereas in the past much of humanity was bound to a political system, now most of us are bound to a globalised monetary system.
Approaches to governance are in flux within church agencies, sectors, dioceses and at the national level, either driven by the demands of state regulations or in response to the challenging new situation the church finds itself in. There is so much change going on that it is difficult to follow.
A shift is afoot in the west's financial markets that represents the most important economic change since the emergence of the new financial instruments in the 1990s that ultimately led to the global financial crisis. It is likely to result in a new way of thinking about money, which will change the substructure of developed economies.
For our society to function responsively to what is now a dynamically changing context, we urgently need differently oriented governance. This will, no doubt, be unpalatable for some — both in government and in the general public. But without re-setting how we are governed, our land and our society will suffer further destruction.
The students might not have many rights back home, but they do in the western democracies in which they live. The violence against peaceful protestors not just in Hong Kong but in countries where Hong Kong students are exercising their basic rights is unsettling. Yet the response by unis all over Australia has been taciturn at best.
Opting for surveillance of migrants instead of rescue operations will result in death by drowning, or torture and possible deaths in Libya. For both scenarios, the EU has cultivated its own brand of impunity. Looking away has become politically acceptable, and the bloc can focus on funding the Libyan Coast Guard to do its dirty work.
The betting among many observers is that the current chaos will end in tears. The massing of troops at the border is one sign. But the biggest thing that suggests that the PLA will march in and declare martial law is that the Chinese Communist Party has what we call 'form'.
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