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Monetary authorities are caught in an impossible situation. Inflation is rising: it is over 5 per cent in Australia and over 9 per cent in the United States. Inflation is often seen as a way out of excessive debt because it erodes the real value of money and therefore the real value of the debt. But what is increasingly being discussed are ways to cancel the debt.
How is it that Lismore, one of the most flood-prone towns in Australia, can be so ill-prepared and so badly affected by floods this year? Flood frequency is critical information, so you might expect that such guidance was based on the best available data – but this does not appear to be so.
The leaders of the past are often referred to as a measuring stick for evaluating the present. Australian prime ministers are routinely compared to John Curtin or Robert Menzies. This coming week calls to mind another leader against whom we might measure others. July 18 marks Mandela Day, an annual international day in honour of Nelson Mandela, the first Black President of South Africa. Mandela had the quality, rare today, of being born to rule.
Last week at the Plenary Council Second Assembly, it seems many of Australia’s bishops, for whatever reason, wanted to bury the talents available to them. They voted down motions related to the equality of dignity between men and women. The reaction according to commentators was visceral with members, not just women, upset and angry. It is likely the anger was more potent for the fact that the motions had become so anodyne that many assembly members are probably regretting the parsing and pruning.
In a recent meeting Pope Francis met the editors of European Jesuit cultural magazines. As usual in such meetings he did not give an address but invited the participants to ask questions. The questions ranged across a wide area, reflecting the different readership and religious culture of the magazines. Underlying the Pope’s responses lay a challenging and coherent approach to the Jesuit mission and to communication that invites self-reflection also among Jesuit magazines and their readers outside Europe.
Last month’s Federal election has delivered what is being considered as the most progressive parliament that Australia has witnessed for some time. Such a change represents a shift in values, experiences and priorities held by everyday Australians. As the Australian Catholic Church continues its process of self-examination through the Plenary Council, what can it discern from this election result?
The question that should be posed is how effective has the Reserve Bank been at ‘managing’ the economy and financial system? ‘Not very’, has to be the answer. Not that the RBA is alone. The same pattern has been seen across the developed world. Central banks have one weapon at their disposal, the cost of money (the interest rate), and there is not much evidence they have used this tool to make their systems sustainable. Mostly, they have made matters worse.
Should women be considered for ministry as deacon? Should Pope Francis authorise such ministry? This topic often raises emotions, and strong views either for or against. This is one of the questions posed by Motion 54 to the Church’s July Plenary Council session, where members will amend and vote on 105 motions, prompted by the question, ‘What do you think God is asking of us in Australia at this time?’ Motion 54 is one to watch.
The Asia Pacific region has some of the world’s poorest and most disadvantaged communities. Supporting our regional family through increased aid and development will be important, but so too is the respect we show to the leaders of those nations which surround us.
There’s nothing wrong with us enjoying a quiet breakfast and admiring the beauty of a winter city steeped in recovery. If we can’t also see the people sleeping on cold concrete, or sitting half-dressed, with no hope, peering through unfocused eyes, then we’re not getting the whole picture.
Bernie Finn is not a figure I would naturally warm to. He has a rambunctious, contrarian persona that grates. A few months ago, if you had said to me that he would be expelled from the Victorian Liberal Party, I would have imagined it would be for some position or action I find egregious. Instead, he has been expelled for a position I essentially share.
As I was reading the illuminating contributions to Class in Australia I had to confront my attitudes to Marxist analysis, to the claims of sociology, social work and psychology to be sciences, to the relative importance of inequality based on wealth, gender and race, and to any claim that canonises individual choice while claiming to be value free.
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