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The world’s financial markets are afflicted by a deep irrationality that imperils their very existence. On the surface, finance looks logical enough with its numbers, charts, mathematics, forecasts, ‘modelling’ and so on. But this only masks the fact that the system itself has been working on underlying assumptions that are either contradictory — such as that you can ‘deregulate’ finance when finance consists of rules — narrow minded or absurd.
There is a common error about economics that, if not corrected, has far reaching consequences. It is the widely held belief that economic growth and consumption are the same. They are not.
The UN describes itself as ‘a global forum where countries can raise and discuss the most difficult issues, including problems of war and peace’. Saving lives that would otherwise be taken in wars is the big-ticket item; the reason the body was formed. So, 75 years on, how would the UN be graded in terms of achieving those five tasks?
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.
The strange thing is that those chest-beating about terrorism rarely made an issue of when terrorists of the modernist Islamist variety (such as al-Qaeda, Jemaah Islamiyah and ISIL) attacked mosques, Muslim shrines and Muslim congregations. Nor do they report of just how fringe and hated these groups are in their own countries where the bulk of their attacks take place.
The China story, described this week by the ABC’s Director of News Gavin Morris as ‘the story of our times’, defies simplistic renderings, however much a significant part of Australian-based commentary masquerades as such. The rapid revolutions of the modern media cycle do not permit much nuance or lengthy historically informed pieces.
There will be Great Reset in finance and economics. It is inevitable because the shock has been so great. The first problem is what to do with global debt, which was already at unsustainable levels before the virus hit: over 320 per cent of global GDP. The only way to prevent system-wide failure has been to lower interest rates to near zero levels.
With all its good intentions and charming participants, Love on the Spectrum is for the neurotypical eye. Just like The Undateables, a similar show from the UK, it takes the inner machinations of disabled lives and creates entertainment for non-disabled viewers. Autistic representation on television is rare, which makes it all the more alienating when these few depictions exist purely for everyone else’s warm-n-fuzzies.
Ordinarily the last two days of July would for me be occasions of celebration. July 30 is the International Day of Friendship and July 31 is the feast day of Ignatius Loyola, the founder of the Jesuits. This July, in Victoria, at least, it is hard to summon energy to celebrate. We are in a time of endurance.
A commonly heard phrase, or rather media cliché, is that after the COVID-19 crisis ‘things will never be the same.’ It is an understandable sentiment, given the seemingly unprecedented nature of recent events. But how novel is what happened, and how much will actually change?
With churches closed throughout much of the world, many events and dedicated weeks have passed us by. One of those weeks was the Week of Prayer for Christian Unity. Catholics who paid attention to Pope Francis’ engagements may have noticed it through his references to the 25th anniversary of Pope John Paul’s Encyclical on Christian Unity, Ut Unum Sint.
121-132 out of 200 results.