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As politicians and economists search for a simple solution to inflation, high debt, and rising interest rates, Australia's inequality has become a defining feature of its economy. As the fear of unintended consequences and the power of vested interests loom large, incremental reform may be the only way to reduce inequality and serve the common good.
The Robodebt Scheme's Royal Commission revealed ethical insensitivity and a disregard for the rule of law by administrators. Suicides of vulnerable people were ignored in the quest for revenue, which may indicate a more extensive corruption of government and administration.
The Robodebt Scheme promised billions in savings, but became a $1.8 billion failure labeled as 'a shameful chapter in public administration' by the Federal Court. The government was forced to settle a class action and wipe the debts of 381,000 people. Beyond the human cost, these failures point to a welfare system due for an upgrade.
Any discussion of the ethics of culture war should begin with the basic reality of human communication: to flourish, human beings rely on cooperation with other people. Speaking abusively about others weakens the necessary trust that lies at the foundation of a well-functioning society and inhibits the conversation about values necessary in a humane society.
University students across the country are using so-called ‘study’ sites to buy essays and answers for online assessments. Australia’s academic integrity regulator has since blocked scores of sites, but there are still work-arounds; experts say the problem is likely worse than we realise, and almost impossible to solve.
Despite rising interest rates and the recent dip in property values, Australia’s housing situation places it among the least affordable property market in the world. With a rise in homelessness and younger Australians locked out of an inflated housing market, what is the way forward for Australia?
Financial markets are made up of human beings and human beings have always been storytellers — long before science, or modern finance, or accounting even existed. Accordingly, the main skill of successful analysts, advisers, financial gurus and commentators is the construction of compelling narratives. They are, if not exactly creators of fairy stories, not too far removed from it.
In recent weeks it had become a foregone conclusion that the Democrats were going to post big losses in the midterms; it’s just the way American politics seems to work. The party in power loses seats halfway through a term. What are we to make of the fact that that didn’t happen, or that we didn’t see anything the protests and violence that ensued after the 2020 election?
In Justice in Kelly Country, author Lachlan Strahan writes on the life of his great-great-grandfather, a policeman whose career stretched over thirty years. When a significant part of that story is intermeshed with such a fiercely contested story as Ned Kelly’s, telling it introduces the further complexities of the writer’s sympathies and judgments.
The world is facing cross-currents: a collapsing financial system that is balanced by the benefits of massive, long term improvements in production efficiencies, mainly because of technological advances. It is a bad news/good news story that can only be seen accurately if the intractable errors of contemporary economics are jettisoned. We are in a battle between finance fictions and reality.
Now that it is becoming hard to avoid just how much trouble the global financial system is in, it is interesting to speculate about what should be done about it. The first thing to understand about the global financial system is that the assumptions that were used to shape it are demonstrably false.
With $1 trillion of debt accumulating over the last seven years in attempts to establish a National Radioactive Waste Management Facility, the new Labor Government is facing mounting pressure to rethink the nuclear waste storage plan for Kimba.
37-48 out of 200 results.