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Over the last two years, money printing has created the illusion of strength in savings. But when reality resurfaces, and actual returns are required from actual economic and business activity, the global financial system will come under extreme stress.
Annabel Crabb’s ABC TV documentary series Ms Represented had us gasping, laughing and raging all at once. The series struck an achingly familiar chord as women from different political parties and generations voiced their common experience of sexism and misogyny in Australia’s parliament, elucidating just how hard it is for women to have a voice at the table in Australian institutions of power.
The Australian Government’s decision to buy nuclear-powered submarines has brought to the surface once again big questions around how governments should spend money, particularly during a pandemic. The Government has ditched a $90 billion plan for French submarines in favour of even more expensive boats from the United Kingdom or the United States.
There is a three-way battle looming over the future of money and the stakes could scarcely be higher. Conventional money, mainly debt created by banks — the ‘folding stuff’ is only a tiny proportion of the total — is in trouble. Total global debt is now so large relative to the world economy it cannot be serviced, which is why monetary authorities have resorted to dropping interest rates. When they almost hit zero, the next step was quantitative easing (QE): printing money by getting the central bank to buy back government and corporate bonds and putting them on its ‘balance sheet’.
The New York Times editorial on 15 August was all about tragedy in describing the fall of Kabul to the Taliban. ‘Tragic because the American dream of being the “indispensable nation” in shaping a world where the values of civil rights, women’s empowerment and religious tolerance rule proved to be just that: a dream.’
The debate about the future of work, and therefore UBI, was hijacked by a reductive media narrative around ‘the robot question’ and this has made it hard to recognise the complex nature of the changes underway.
The history of sport, with its varied and often conflictual relationships between local communities, money and administration, provides the context for understanding the Super League move. It also raises more important questions about the nature and importance of the local.
It is axiomatic that all intelligent people consider polls on political intentions to be unreliable. That no doubt says something about the mental acuity of those of us who duly glance at the news poll every month or so. The breakdown of the figures of this and similar polls, however, was interesting. It showed that support for the Prime Minister had declined substantially among women, but had remained steady or increased among men.
The COVAX (COVID-19 Vaccines Global Access Facility) scheme, touted as a levelling measure against inequalities in vaccine access, is looking increasingly faulty. But one suggested mechanism to assist in achieving vaccine equity lies in the field of intellectual property rights.
The young in Myanmar have no personal memory of those events of 1988 and 2007. They are Generation Z, raised on the internet and with new ways of communicating. Their emotions overcome fear. Gen Z meets the deadly threat with humour and creative protest.
What we have is a rare opportunity — in all likelihood a once-in-a-lifetime chance — to shape the future and emerge from the pandemic as a better, fairer nation.
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.
85-96 out of 200 results.