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Keywords: Economist

  • AUSTRALIA

    Australia's game of rigged Monopoly

    • Paul O'Callaghan
    • 03 September 2013
    8 Comments

    Being born in Australia is a huge advantage. And having parents with money, a good education and connections always helps. Some of us have an advantage before we've even started school. But like the players in American psychologist Paul Piff's 'rigged Monopoly' experiments, those of us who do well tend to think we've earned our good fortune through hard work, talent and creativity.

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  • AUSTRALIA

    Australians are not doing it tough

    • Greg Foyster
    • 02 September 2013
    19 Comments

    Throughout the election campaign, both major parties have pledged to address 'cost of living' pressures. But a quick comparison with the economies of other industrialised nations confirms that Australians have nothing to complain about. If prices rise by 5 per cent but incomes rise by 10 per cent, households are better off, even if the cost of a petrol reaches a new pinnacle.

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  • INTERNATIONAL

    The distraction of red lines in Syria

    • Evan Ellis
    • 27 August 2013
    5 Comments

    In some ways the intense focus on chemical weapons and red lines is diversionary. Enough blood has been spilt to paint a thousand red lines. 100,000+ people have been killed already. Is it somehow easier on the International Community’s conscience to think of families being ripped apart by artillery shells than dying from chemical warfare? 

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  • ECONOMICS

    Boost budget by chopping charities' tax take

    • David James
    • 27 August 2013
    3 Comments

    Australia is one of only a few countries in the world that has a franking credit system. Though it is designed to stop 'double taxation' on company tax, in many cases it ends up being a 'double reward' for entities that already have tax favoured status. Last year the Tax Commissioner generously refunded over $500 million to charities and not-for-profits on dividends because they pay no tax.

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  • AUSTRALIA

    Inconvenient advice for a business-friendly prime minister

    • Michael Mullins
    • 08 July 2013
    4 Comments

    One of Kevin Rudd's key points of difference with Julia Gillard lies in his determination to project a business-friendly image for himself and the ALP. This may have something to do with his decision to dump former parliamentary secretary Andrew Leigh, who is Australia's leading inequality expert and clearly unsympathetic to the demands of big business on government.

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  • ECONOMICS

    How financial devils came to rule the universe

    • David James
    • 05 June 2013
    7 Comments

    Religious authorities may not spend a lot of time pondering the nature of global financial systems, but the Pope's recent comment that 'money has to serve, not rule' suggests it can be useful when they do. Given scope to become rule makers, rather than just people who know how to exploit the rules, financiers have moved themselves to a position of mastery.

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  • ECONOMICS

    Banksters' deadly game of Sheldon's three-person chess

    • David James
    • 01 May 2013
    3 Comments

    In The Big Bang Theory Sheldon invents a game of chess which 'utilises a three-sided board with transitional quadrilateral-to-triangular tessellation to solve the balanced centre combat-area problem'. This gobbledegook sounds suspiciously similar to the application of mathematical models to financial securities in derivatives markets.

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  • AUSTRALIA

    Turkey's Kurdish Spring

    • William Gourlay
    • 12 April 2013
    3 Comments

    A public letter from the imprisoned leader of the outlawed Kurdistan Workers Party (PKK), declared that PKK insurgents should forego armed struggle against the Turkish military. An end to terror is one thing, but there is a way to go before Turkey's Kurds have the rights and freedoms they've long hankered for. 

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  • ENVIRONMENT

    Climate change and Australia's weather on steroids

    • Paul Collins
    • 04 February 2013
    38 Comments

    Foreign Minister Bob Carr has said that, coming from Australia where climate change denial 'fills the air', he finds it significant that world leaders see climate change as the world's most important concern, even more than the economy. Recent extreme weather events, including the floods in Queensland, are symptoms of long-term climate change.

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  • AUSTRALIA

    Immigration for sale

    • Patrick McCabe
    • 24 October 2012
    3 Comments

    Proponent of an immigration 'free market' Gary Becker would accommodate poor migrants by allowing businesses to lend them the 'immigration fee' in exchange for their labour upon arrival. Poor migrants tend to be unskilled, so this scheme would remain largely unutilised. Moreover, this arrangement might amount to indentured servitude.

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  • ECONOMICS

    Ways out of economic depression

    • Bruce Duncan
    • 18 October 2012
    8 Comments

    Tony Abbott warned that Australia could go the way of Greece with excessive debt. Such claims reflect a climate of exaggerated concern about debt. Instead Australia could be taking advantage of historically low interest rates and embarking on major infrastructure projects, increasing employment and laying the basis for sustained growth in productivity.

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  • ARTS AND CULTURE

    The epiphanies of our lives

    • B.N. Oakman
    • 10 July 2012
    4 Comments

    I want  you to list the epiphanies in your lives, says the lecturer. We'll build poems around them...  I ponder, but cannot manage to think of one. Does he really believe people have several? My extra years are like binoculars peered through from the wrong end, shrinking past significance to present inconsequence.

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