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Keywords: Debt

  • AUSTRALIA

    Not such a super way to buy your first home

    • Francine Crimmins
    • 14 April 2017
    15 Comments

    As a millennial, I frequently find myself being told to stop complaining about housing affordability. It's all about working harder, saving more and, for goodness' sake, keeping off the avocado. As a young person, I'm concerned about using super, a system which was put aside for our economic welfare in retirement, as a savings account for instant gratification. The government is trying to solve the housing crisis not through direct action, but by encouraging young people into lifelong debt.

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  • AUSTRALIA

    The rule of law applies to government too

    • Kate Galloway
    • 20 March 2017
    17 Comments

    ACTU secretary Sally McManus' comments about the rule of law have sparked a lot of chatter on news and social media. While the rule of law arguably does assume citizens will obey the law, it also assumes government will behave lawfully. Further, it might be argued that the rule of law encompasses the principled application of government power. In this respect, the Australian government is itself falling well below adhering to the rule of law. I offer Centrelink #notmydebt as a case study.

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  • ARTS AND CULTURE

    We will never be free of all our debts

    • Sandra Renew
    • 20 February 2017
    4 Comments

    Observing the decades long incident is unbearable - although they have fallen beautifully time is not on their side, their ideals are consigned to fire. But do we care so little that when the fates convene and humans fail sumo-sized jelly fish and yellow crazy ants and ubiquitous spiders will be all that's left? Do we care so little and think we are free of all our debts? Did we think we were never so needy as to sell our dreams?

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  • AUSTRALIA

    Alternative facts in the Centrelink debacle

    • Kasy Chambers
    • 03 February 2017
    12 Comments

    Centrelink's new policy of automated online debt collection has been subject to conflicting reports. The Minister and the department head are sticking to the assertion that everything is working fine. Yet there is another version of the truth, seen in the growing list of people talking publicly about the distress caused to them by being falsely tageted. One difficulty with the process is that the adversarial manner that it set up is unlikely to allow Centrelink to learn from the cases it reviews.

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  • AUSTRALIA

    Pope Francis and the age of automation

    • Michael McVeigh
    • 20 January 2017
    7 Comments

    Many have called for the automated Centrelink debt collection system to be scrapped, but the government is standing by it. One of the reasons for this may be that the system is doing just what it's designed to do - trying to force people away from welfare reliance by making it more onerous. Pope Francis argues that far from a 'neutral' tool, technology creates a framework which conditions people and limits their possible options along lines dictated by the most economically and politically powerful.

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  • ECONOMICS

    Labor's negative gearing heroics alone won't save us

    • David James
    • 26 February 2016
    8 Comments

    It is not often that federal political parties exhibit courage. Labor's decision to change the rules on negative gearing is a rare instance. It targets what is most dangerous and unfair in our financial system. Expect howls of protests from powerful lobby groups if it ever looks like becoming policy. But these changes alone won't be enough to deal with the ills of the financial system. While they are designed to target the bias away from productive investment, they won't remove the attraction towards property.

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  • ECONOMICS

    Consequences loom for global debt binge

    • David James
    • 19 January 2016
    11 Comments

    Low interest rates tend to change the understanding of risk; having high debt seems to be less of a problem because the cost of servicing it is lower. This cavalier attitude has been especially evident in Australian households, which have racked up more debt relative to the size of the economy than any other country in the world. The massive appetite for debt has been replicated across the globe. The world may have survived the era of casino money - just - but it is now facing another crisis.

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  • AUSTRALIA

    The Americanisation of Australia's universities

    • Sarah Klenbort
    • 10 November 2014
    23 Comments

    The US, whose citizens owe more on student loans than they do on credit cards, is the land of deregulation. Australia’s Education Minister Christopher Pyne has the support of university management in his desire to see Australia to follow the US path. But it is clear to lecturers, tutors and researchers that this will only create more inequality, mainly by forcing people without money to either miss out all together on higher education or go into a huge amount of debt.

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  • AUSTRALIA

    Memories of Gough

    • Frank Brennan
    • 22 October 2014
    44 Comments

    What he did for me, he did for countless other Australians who dreamt of a better world and a nobler Australia. Even his political opponents are forever in his debt for having elevated the national vision and for having given us a more complete and generous image of ourselves. 

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  • AUSTRALIA

    Hervey Bay boat arrival from Ireland

    • Frank Brennan
    • 22 September 2014
    5 Comments

    Considering my indebtedness to the two Aborigines who met [my family's ship arriving in Hervey Bay from Ireland] 151 years ago, I owe it to all my fellow Australians to agitate these issues of law, morality and politics here in Ireland so that back in Australia, the homeland which, in my religious tradition, was known as the Great South Land of the Holy Spirit.

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  • EDUCATION

    Uni fee changes will erase egalitarianism

    • Paul Rodan
    • 03 June 2014
    13 Comments

    An unregulated fee regime will result in an increase in course costs and will mean substantially larger debts for students after their periods of study. The prestigious Group of Eight institutions can be expected to exploit their reputational positions to charge top dollar. How does a 17-year-old decide whether selecting the degree from the prestige university over the same course at a newer institution justifies an extra decade of debt?

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  • RELIGION

    Social justice with a smile

    • Andrew Hamilton
    • 20 February 2014
    7 Comments

    Social justice has to do with what we owe to others. No one likes to think of their debts. And when the debts are universalised so that they are owed by us as members of society, we do not want to know about them. No wonder it is more effective to appeal to our individual generosity than to our shared duty, and for religious leaders to be less comfortable speaking about justice than about love.

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