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For Europe, especially Germany, there should be enough gas in storage to limp through winter but by next spring there may be severe trouble. The leaders of Europe and the United States expected that they would win the economic war against Russia and force the invader to withdraw. Not only did that not happen, it is likely to lead to severe unintended economic consequences.
What can the pacifist do when confronted with naked tyranny? With Putin’s invasion of Ukraine, pacifists are faced with the dilemma of either helping Ukrainians defend themselves ― and what spirit and courage they have shown, led by their unlikely president ― or letting Putin have his way. If diplomacy stood a chance, it would be the alternative option for pacifists; but does it?
The word ‘Catholic’ is derived from the Greek Καθολικός (katholikos) meaning universal, of the whole, and the entire tradition is the very opposite of sectarian, particularist, narrow. It is most truly itself when it’s embracing and inclusive.
Greatness for the Soviet Union’s last leader, Mikhail Sergeyevich Gorbachev, was not to be found at home. Commentary on his passing is as much a statement of positions, endorsed by admiring beneficiaries, and loathed by those who fell off the train of history. The millions who delighted seeing the collapse of the Soviet Union and, as a result, a power vacuum and weaker Russia, toast him, eyes filled with emotion.
We need to be able to do more than simply give notional assent to the Uluru Statement. We need to be able to contribute to the hard thinking and difficult discussions to be had if the overwhelming majority of our fellow Australians are to be convinced of the need for a Voice in the Constitution.
Much has recently written about the doctrine of discovery and its bearing on the treatment of Indigenous peoples, particularly in the United States where it grounded an early legal decision. The doctrine enshrined in law claims that the discovery of underpopulated and cultivated lands conferred on the discoverers the right to ownership, and was used to justify colonial occupation of territory in the Americas, Asia and Africa.
Monetary authorities are caught in an impossible situation. Inflation is rising: it is over 5 per cent in Australia and over 9 per cent in the United States. Inflation is often seen as a way out of excessive debt because it erodes the real value of money and therefore the real value of the debt. But what is increasingly being discussed are ways to cancel the debt.
If there is another civilisation out there peering into the skies like us, what would they see as they catch a glimpse of life on Earth in the 21st century? I wonder what they would make of our preoccupations, and what they might see through their powerful lenses that we ourselves cannot?
Indicating the Vatican will be stepping up its climate diplomacy, the Holy See is now a formal party to the UN Framework Convention on Climate Change and has declared it intends also to formally join the 2015 Paris Agreement. The Holy See announced that it would be acceding to the Paris Agreement as soon as that treaty’s ‘legal requirements’ allow.
The subjugation of the world’s First Nations people was enshrined in the Doctrine of Discovery, a series of papal decrees made by Pope Alexander VI in 1493, where any land not inhabited by Christians was available to be ‘discovered,’ claimed, and exploited by Christian rulers. The Doctrine of Discovery legitimised Christian explorers’ claims to land uninhabited by Christians, promoting and fortifying Christian domination, and forcing original inhabitants into Christianity.
In a recent meeting Pope Francis met the editors of European Jesuit cultural magazines. As usual in such meetings he did not give an address but invited the participants to ask questions. The questions ranged across a wide area, reflecting the different readership and religious culture of the magazines. Underlying the Pope’s responses lay a challenging and coherent approach to the Jesuit mission and to communication that invites self-reflection also among Jesuit magazines and their readers outside Europe.
The question that should be posed is how effective has the Reserve Bank been at ‘managing’ the economy and financial system? ‘Not very’, has to be the answer. Not that the RBA is alone. The same pattern has been seen across the developed world. Central banks have one weapon at their disposal, the cost of money (the interest rate), and there is not much evidence they have used this tool to make their systems sustainable. Mostly, they have made matters worse.
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