Keywords: Sub-Prime Crisis
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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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MARGARET DOOLEY AWARD
- Harry Maher
- 20 August 2014
14 Comments
Inequality is dangerous. And inequality is at a near all-time high. At its core, the Government’s recent budget not only engenders but actively exults in the creation and maintenance of inequality, a phenomenon rapidly expanding not just in Australia, but around the world.
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ECONOMICS
- Catherina Toh
- 03 August 2009
8 Comments
An ethos of tough love balks at taxpayer subsidies for
anyone foolish or unlucky enough to make the wrong investment decision. In Australia we prefer to see people as victims and expect the government to clean up the mess.
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ECONOMICS
- Julian Butler
- 18 February 2009
6 Comments
Some of the soup van's clients collect cans to sell to a scrap dealer. The work supplements their welfare income and provides a sense of
fulfillment. Since the global market crash business has been slow: 'China doesn't want aluminium now.'
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ECONOMICS
- Bronwyn Lay
- 05 January 2009
3 Comments
On the day the markets bled we rushed to hear Stiglitz's diagnosis. The Nobel Laureate used to be Chief Economist of the World Bank, ending his term in fisty cuffs with the IMF and the US over their financial bullying of developing nations. Stiglitz had schadenfreude written all over his face. (October 2008)
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ECONOMICS
- Les Coleman
- 22 October 2008
3 Comments
Circumstantial evidence suggests that during the past few weeks we have seen a massive manipulation of monetary policy to support US bank stocks. The manipulation has been played out in plain view, which, of course, is the best place to hide a secret.
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ECONOMICS
- Bronwyn Lay
- 13 October 2008
16 Comments
On the day the markets bled we rushed to hear Stiglitz's diagnosis. The Nobel Laureate used to be Chief Economist of the World Bank, ending his term in fisty cuffs with the IMF and the US over
their financial bullying of developing nations. Stiglitz had schadenfreude written all over his face.
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ECONOMICS
- John Wicks
- 23 September 2008
9 Comments
The 'trickle down' of wealth proclaimed by neo-liberalism is debatable, and hardships flowing from sub-prime activities descend on the disadvantaged with the finesse of a freight train. Some economists have demanded the GDP measure be replaced by goods and services data that promote the common good.
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AUSTRALIA
- Robert Salter
- 02 September 2008
4 Comments
Many low-paid workers experience stress and illness due to jobs that are dangerous, arduous or powerless. Perhaps it is they who should be compensated with higher pay, rather than those who perform interesting, high-status work.
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AUSTRALIA
It is not just Joe and Jo Suburbia that have a lot riding on real
estate. Taking the heat out of house price
inflation is extremely difficult, because the whole system is based on
the expansion of credit and consumption that house price inflation
allows.
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