Welcome to Eureka Street
Looking for thought provoking articles?Subscribe to Eureka Street and join the conversation.
Passwords must be at least 8 characters, contain upper and lower case letters, and a numeric value.
Eureka Street uses the Stripe payment gateway to process payments. The terms and conditions upon which Stripe processes payments and their privacy policy are available here.
Please note: The 40-day free-trial subscription is a limited time offer and expires 31/3/24. Subscribers will have 40 days of free access to Eureka Street content from the date they subscribe. You can cancel your subscription within that 40-day period without charge. After the 40-day free trial subscription period is over, you will be debited the $90 annual subscription amount. Our terms and conditions of membership still apply.
There are more than 200 results, only the first 200 are displayed here.
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 landscape has changed, and there is no going back. Individual journalists are now integrated into the ranks of pundits, urgers and persuaders who abound online. At their employers’ behest, they blog, they podcast, they ‘engage’ as the current jargon has it, with those who post comments to their articles online.
Even though I tried to count my blessings and to avoid my besetting sin of self-pity, migration was hard. And decades later I still think it was hard. Sometimes I wonder how I survived it.
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 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.
Throughout the summer I risked smoke, storms and sickness to escape into the embrace of the sea, until, one day after that final swim, places of worship were effectively closed, along with beaches, pools, and national parks across NSW.
The dweller in the bone attic holds countryside as home; thinks of food, safety, health and warmth for family, self and group. Frenetic scuffles rage in the brick canyons where the hunt is commerce and food constructed.
The COVID-19 pandemic is starting to ease, but the economic and financial fall out has just begun. It is not as if the world economy was in good shape before economic activity was slashed and entire industries were shut down. Those fault lines are only going to worsen, and the consequences might be very dark.
She is sitting on the edge of a mountain in the Annapurna, her face, away from the camera, her gaze, focused on the Lamjung peak, experiencing a moment of peace like many before and many after. The seconds could be hours could be days, the weather could be challenging or kind, she could be alone or surrounded by trekkers. It has taken careful hoarding of time and money to be sitting there framed by sky and snow.
In March we commemorate the 75th anniversary of the bombing of Tokyo in which over 300 planes stacked with incendiary weapons followed each other at regular intervals for three hours and killed an estimated 100,000 people — as many as those killed by either of the nuclear weapons in Japan.
At the next global financial crisis, when questions about what we want our monetary system to do for us become a matter of survival, why not devise a transactional system that is not just geared towards the consumption of goods and services, but involves monetary exchanges for social goods, such as sustainable production, or civic benefit?
37-48 out of 200 results.