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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 the midst of the spring racing carnival, online betting companies have been told their advertising will next year need to include warnings about the risk of gambling. The new requirements fall well short of regulation that might meaningfully curb what is become a social norm and cultural marker for many.
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.
We celebrate wordsmiths, minor and major, whose gift it is to write the world for us / To create the nourishing broth, the alphabet soup, of words to work their magic / Words that exhort and advocate / That calm and soothe / Words on which to float away / Words for strength on another day.
The Queen’s life of overt public religion — which led her to become perhaps the twentieth century’s greatest Christian evangelist — was grounded in her conviction in the Gospels’ truth. And she interpreted Jesus’ story generously and ecumenically, broadening her role from the narrow Anglican identity of Supreme Governor of the Church of England to become an advocate by example for faiths of every kind.
Two months into a 10-month prison sentence, I was placed in solitary confinement after having a nervous breakdown. I’d originally made a fruitless attempt to keep my breakdown to myself, because I’d been told what would happen if Corrective Services found out I was having mental health issues. One of the first friends I made in prison, like many of the inmates, was suicidal. ‘The best advice I can give you if you’re struggling with your mental health’, he told me, ‘is to do everything you can to keep it from the officers.’
While the church in East Timor has its hands full serving its large membership, a big challenge is to work out what its role should be in post-war Timor. Rather than entrench its comfortable status quo, Cardinal Virgilio, educated in the Philippines and from an order skilled in youth education, must ensure that the church’s new status is used to move it towards the model advocated by Pope Francis.
It was Christmas morning of... many years ago. I was about eight years old but, despite my advanced age, I remained a dogged believer in Father Christmas. This belief was maintained in the face of cynicism and derision from the youthful toughs I consorted with and despite my own unspoken qualms in moments of inconvenient rationality.
The Asia Pacific region has some of the world’s poorest and most disadvantaged communities. Supporting our regional family through increased aid and development will be important, but so too is the respect we show to the leaders of those nations which surround us.
There is an Australia that many people seldom encounter and its citizens number in the millions. These citizens live in all cities and regional towns, often in sub-standard yet costly housing, and struggle to survive week to week on low wages or inadequate government assistance.
When millions of Australians look back on this Federal Election campaign, they will recall it as one dominated by ‘gotcha’ moments and scare campaigns. Personal attacks, loud and in-your-face advertising campaigns and so-called missteps by politicians have provided countless hours of talkback content. Regrettably, this has taken the focus of too many away from nuanced conversations about the kind of society in which we want to live, and the policies and vision needed to take us there.
As the election campaign mercifully comes to an end, many of us have been musing on what the new Government should do when it comes into office. It is a difficult question to answer because both Parties have excluded any radical action to address the clear and pressing needs of Australians. Fires, floods and insurance costs highlight the need for immediate and shared action to address climate change. The simultaneous high cost of housing, the inadequate benefits available to the disadvantaged, and lack of accommodation for people in need testify to the need to address the growing inequality in Australian society.
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