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In purely economic terms, the upcoming Federal election is extremely unusual. The shut down of the Australian economy for almost two years because of health measures really has no precedent in our history. Only war can produce that type of shock. The Federal government’s financial response was as extreme as the state of emergency measures, including a sharp increase in Australian government debt. It remains to be seen, however, if the government gets much credit for injecting so much free money into the economy. It is unlikely.
It seems every fifteen years or so Eureka Street has something to announce. There was 1991, when Eureka Street launched, 2006 with the switch from print to digital, and now, the next chapter in the Eureka Street journey. After 15 years of being a free digital magazine, we are quietly overjoyed to be launching Eureka Street Plus, an expanded content offering for paid subscribers.
The quality of Niall’s writing is evident in An Accidental Career, though easily unnoticed. It lies in the clarity of her thought, her exact choice of words, the alternation of anecdote and reflection and the self-effacement that creates a direct link between the reader and the work itself. Her writing has the rare gift of simplicity. The precision of the title is characteristic of the book as a whole.
Edward Cole understood that books encouraged community. The businessman could rub shoulders with the tramp in his Arcade. Now, in an age of division and isolation, more than ever we need spaces which facilitate community; light-filled cathedrals dedicated to the love of knowledge and stories, and their power to cross borders, politically, ideologically and culturally.
Elon Musk’s proposed hostile takeover of Twitter will be a fascinating battle that will have consequences far beyond the stock market. It is exposing just how financially strange social media and conventional media have become.
A house bursts into flames as it’s submerged in floodwaters. A doctor tells a cameraman filming a dying Ukrainian child to send the footage to Putin. A newspaper delves into the murder of a young woman. It’s like a fever dream: a pandemic bleeds into the edges of a global war. The news presents information, and it has no moral duty to tell us how we should feel about it or help us untangle the knot of feelings which emerge.
As this conflict unfolds, many governments commit necessary life-saving support for vulnerable people. However, these measures may not reach all citizens and groups, at least equitably. These include frail aged persons, children traveling without parents and those who live an intellectual and developmental disability (IDD).
Russia’s invasion of Ukraine has led to severe financial sanctions being imposed on the country that are likely to have lasting consequences. Problem is, they may not be the ones the sanctioners are expecting. They may even come to regret what they have done.
One of the most memorable scenes in Russian literature relates the thoughts of a man lying on the ground staring at the sky in the middle of a major European battle. Prince Andrei Bolkonsky is wounded. He is placed in a situation where, instead of running, fighting, and thinking every moment might be his last, he is suddenly met with silence, grandeur, tranquillity.
Australia’s Reserve Bank mainly concentrates on keeping inflation within an acceptable range and maintaining a high level of employment. Social equity has never been considered to be part of its mandate. It should be. Interest rates have been the biggest cause of economic and social division in Australia, not just between rich and poor, but also between older and younger generations.
There is a great deal of commentary about the growing importance of artificial intelligence, or AI, especially in business circles. To some extent this is a self-fulfilling prophecy — if people think something will have a seminal effect then it probably will. But if the supposed commercial benefits are significant, the dangers are potentially enormous.
There really is no such thing as ‘capitalism’ — or rather there are so many capitalisms that the word is altogether too imprecise to be useful. A much better term to identify the problems, even evils, of modern developed economies is ‘corporatism’. This can be precisely identified and its transgressions and general harm are getting worse.
109-120 out of 200 results.