Welcome to Eureka Street
Looking for thought provoking articles?Subscribe to Eureka Street and join the conversation.
Passwords must be at least 8 characters, contain upper and lower case letters, and a numeric value.
Eureka Street uses the Stripe payment gateway to process payments. The terms and conditions upon which Stripe processes payments and their privacy policy are available here.
Please note: The 40-day free-trial subscription is a limited time offer and expires 31/3/24. Subscribers will have 40 days of free access to Eureka Street content from the date they subscribe. You can cancel your subscription within that 40-day period without charge. After the 40-day free trial subscription period is over, you will be debited the $90 annual subscription amount. Our terms and conditions of membership still apply.
There are more than 200 results, only the first 200 are displayed here.
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’.
It took 438 desperate human beings upon the overladen wooden fishing boat, the KM Palapa, to present Australia’s Howard government in August 2001 with an electoral opportunity. At first, there was feigned ignorance from Canberra about any signs of desperation. The vessel, lacking power, lay some 100km off Christmas Island. Despite a coast guard plane noting men jumping up and down on the roof in a frenzy, nothing was initially done.
Among Australian Catholics the Plenary Council and the preparations for the Synod in Rome on Synodality have aroused hope and stirred scepticism. It is clear that a Church diminishing in numbers of participants in its public life and in its financial resources, and discouraged by the extent of child abuse by its officers, must find new ways. But that the processes of the Council and the Synod will spark fresh energy for change is not a given.
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.
Whatever one thinks of the Census21 campaign, I agree with the implicit aim: all people should be honest in answering the Census questions. It doesn’t matter whether one is affiliated to a major religion, no religion, or has another spirituality not listed, it is crucial that we give compete answers that reflect our real lives.
Last month, a man and a woman were sentenced to between six and eight years in jail for intentionally possessing and exercising the right of ownership over a slave between 2007 and 2015 in Mount Waverley, Victoria. After arriving in Australia from the Tamil Nadu province in India on a 30-day tourist visa, the woman’s passport was taken from her and she was forced to cook, clean and care for the couple’s three children on an average $3 per day.
The tidal movement from treating children as persons each with their own dignity, and worthy of respect and of encouragement to a good future, to treating them as adult and incorrigible criminals worthy only of punishment is both irrational and injurious of society as well as of the children themselves. Yet it is deeply rooted in the mindset of all Australian Governments.
169-180 out of 200 results.