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Keywords: Black Hole

  • ECONOMICS

    Why inflation isn't higher

    • David James
    • 12 August 2021
    4 Comments

    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.

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  • ECONOMICS

    Teetering on the financial brink

    • David James
    • 08 June 2021
    4 Comments

    An often overlooked fact about the financial system is that it entirely depends on trust. When trust starts to evaporate, especially between the big players such as banks and insurance companies, the whole artifice is put into peril. Trust in the system is now at an extreme low and that points to extreme danger.

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  • AUSTRALIA

    Rule of lucre

    • Martin Pike
    • 01 June 2021
    13 Comments

    The fact is that money still buys a better service from the legal system, and to claim otherwise is to throw out the most basic principles of an economy. After all, if there were no benefit to be gained from backing up a truck full of money and tipping 30 or 40 grand a day into a team of silks, junior barristers and top tier solicitors, why would those with the means do it? To argue the contrary beggars belief. And if the observation is accepted, what does that tell us about the rule of law?

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  • ARTS AND CULTURE

    Mates, spies and silence

    • Brian Matthews
    • 30 March 2021
    4 Comments

    The military police were waiting for us in Gallipoli and they were not happy. Approaching in darkness, when we rolled to a stop we were immediately surrounded by uniformed figures. A group of men playing cards outside a café watched this drama unfold and one shouted something which made them all laugh. The military police, however, did not laugh.

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  • RELIGION

    A skeleton for the Plenary Council agenda

    • John Warhurst
    • 25 March 2021
    108 Comments

    Continuing the Journey, the working document (or instrumentum laboris), is another stepping stone towards the Plenary Council (PC). How you view this document, provided explicitly both to those few hundred called to be PC participants and to the whole Catholic community, depends very much on your expectations.

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  • ARTS AND CULTURE

    Learn to live with a mountain between us

    • Wally Swist
    • 27 October 2020

    We might have learned that we can no longer feed on the leaves at the tops of the crowns, but need to bend our long necks, which we carry on our small body and relatively short legs, and we have retrained ourselves to consume the leaves on the lower limbs.

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  • AUSTRALIA

    The continuum of spatial justice in Australia

    • Cristy Clark
    • 22 October 2020
    4 Comments

    It would be really easy to ‘both-sides’ these debates, but that would present a false equivalence. Surely, if we have learned anything from this year’s lockdowns, we should have gained a far greater appreciation of the importance of community access to outdoor space — and, therefore, of spatial justice?

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  • ARTS AND CULTURE

    Spring is a hard season for the lonely

    • Peter Mitchell
    • 13 October 2020
    1 Comment

    Three plover chicks prow Torkina Park, parents at their helm: their heads alert, their eyes sails. If these were waters, the kookaburra in the grevillea branches above would be a shark.

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  • AUSTRALIA

    An age of communal and civic responsibility?

    • Andrew Hamilton
    • 06 August 2020
    12 Comments

    If they are to enlist the support of their people in acting responsibly in the face of coronavirus, governments must themselves practice responsibility. They must look to the good of the whole community, and especially to disadvantaged people who are at the greatest risk of contracting the coronavirus.

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  • ENVIRONMENT

    Solidarity with land and environmental defenders

    • Bree Alexander
    • 06 August 2020
    1 Comment

    While the world is largely focused on COVID-19, a recent report from Global Witness revealed that murders of land and environmental defenders, defined as people who take a stand for land and environment in a peaceful manner, reached a high in 2019.

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  • AUSTRALIA

    Community in the face of insecurity

    • Andrew Hamilton
    • 09 July 2020
    9 Comments

    For Victorians this last week has been taxing. It began with rising numbers of COVID-19 infections, moved to the lock-down of housing commission towers enforced by hundreds of police and has continued with the lockdown of the whole Melbourne area for six weeks and exclusion from other States.

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  • AUSTRALIA

    We need to go beyond Australians First thinking

    • John Warhurst
    • 28 April 2020
    13 Comments

    We have done a lot right as a nation during the pandemic, but on the whole we have not treated foreigners as well as we might have. The inequality of treatment has been in evidence during the twin health and economic crises brought on by COVID-19.

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