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Keywords: Bubble

  • ECONOMICS

    Dispelling lazy thinking on trade deals

    • David James
    • 20 March 2018
    6 Comments

    The recent furore about Donald Trump's imposing of tariffs on steel, from which Australian companies have been exempted, raises an interesting question about the economics discipline. Which is better, an oxymoron or a tautology?

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  • MEDIA

    Where are the Asians on Australian screens?

    • Tseen Khoo
    • 06 February 2018
    2 Comments

    Does watching this ridiculously premised film full of obnoxious characters, complete with smatterings of Singlish, make me feel culturally represented? Yes. There are threads of cultural recognition in the Southeast Asian locations and the Chinese customs that resonate, as well as the cultural mobility of various characters.

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  • AUSTRALIA

    Bursting Australia's monolingual bubble

    • Ann Deslandes
    • 15 January 2018
    6 Comments

    Over 250 languages were spoken across Australia at the time that English arrived with British colonisation. Since then, English has been a strict marker of the contours of Australianness. Were it reframed as a lingua franca rather than the mandatory language, the linguistic diversity in this nation would have more room to breathe.

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  • ECONOMICS

    Economic doom looms in Oz's game of homes

    • David James
    • 12 December 2017
    1 Comment

    It is not difficult to imagine a scenario where the game of musical chairs in Australia will come to a shuddering end, imperilling the banks and dragging the economy into a deep recession. As we saw in the GFC in America and Europe, government money will be thrown at the banks to rescue them at the expense of ordinary citizens.

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  • ECONOMICS

    In the end, debts cannot be paid

    • David James
    • 08 November 2017
    3 Comments

    Once upon a time, usury was considered a sin and lending was subject to strict controls. Now, the world is in the grip of usury. It cannot continue. At some point it will have to be retired, or swapped to equity. A good place to start is third world debt, which is the most immoral variant.

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  • ARTS AND CULTURE

    Our mothers called us little fish

    • Chelsea Candy
    • 02 November 2017
    2 Comments

    You'd swear a dinghy was alive. Sometimes she was sluggish and moody, refusing to set, dragging me along a grey sea. Or she hurtled like a stallion, not caring if we won or if we went over, me hanging off the side by my ankle straps, not knowing where we would end.

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  • INTERNATIONAL

    Letter from Yangon

    • Peta Fresco
    • 19 September 2017
    2 Comments

    Much has been reported on the plight of the Rohingya in Rakhine state in Myanmar's west, where violence has seen more than 400,000 Rohingya Muslims cross into Bangladesh. Elsewhere in the country, local villagers continue to suffer the effects of a four cuts strategy, and are targeted if they are suspected of helping ethnic armies. In the country's north, aid has been slow to reach 20,000 Kachin villagers living in former gambling dens and warehouses along the China border.

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  • AUSTRALIA

    High school racism in the merry old land of Oz

    • Tseen Khoo
    • 13 June 2017
    10 Comments

    I was told in grade nine I shouldn't bother trying out for the lead of our school play, The Wizard of Oz, because there's no way Dorothy would be Asian. Though I had no intention of trying out for the play, the fact that she told me not to bother made me arc up. The reason she gave - my incongruous Asianness - made me feel angry and ashamed. Angry because it was stupid and unfair. Ashamed because it felt somehow like it was my fault for not being white enough.

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  • ARTS AND CULTURE

    Another stranger on a tram

    • Peta Yowie
    • 05 June 2017
    5 Comments

    It's a no eye contact sport, when I see a girl I like. She's putting lip balm on her lips, as the morning scenery slips by like a young child getting out of his pyjamas. I stare at everyone but her, because her face is like a burning sun ... It's only as I go to get off she looks up and smiles. I smile back, I've done a few miles with these smiles. I'd like to peel the pastry off and eat the sweet thing underneath. I catch my breath like a butterfly in a net. She's another stranger I'll never know the destination of.

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  • ECONOMICS

    Budget's bank slug flouts the property precipice

    • David James
    • 10 May 2017
    3 Comments

    The $6.2 billion the government will raise through a levy on bank liabilities not only shows how out of favour banks have become, it is also, in effect, a de facto tax on property lending - a counterbalance to negative gearing and capital gains tax breaks. It is a tax on property lending because nearly all the banks' loans are mortgages for housing, or business loans secured with property. Of course the banks will pass the extra cost on to their customers, so it becomes a tax on borrowers.

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  • 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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  • ECONOMICS

    The bad business of privatisation

    • David James
    • 13 September 2016
    18 Comments

    The argument that putting government operations into private hands ensures that things will run better and society will benefit is not merely a stretch; it is in many respects patently false. The argument is based on the claim that the market always produces superior price signals. Yet one area where private enterprise definitely fails is long term stability. If there is an expectation that a privatised service should last in the long term, and usually there is, then selling it to business is a bad choice.

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