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.
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.
As commodity prices and inflation soar in the ‘real’ world we may be witnessing a prelude to another 2008-style crisis triggered by the foreign exchange markets. The risks certainly look similar and can be described with a simple question. Can the fictions produced by out-of-control financial actors survive reality?
I have always considered myself pro-life. It’s not something I’ve felt a need to wear as a badge of honour, rather it has always been a default position. But terminology matters. Indeed, frequently, calling myself pro-life has drawn the derision or raised eyebrows of people around me, nuns and priests and radical ratbags alike, it has connotations.
We are now three months into the Ukraine war. From an invasion it has turned into a war of attrition that has cost many lives, displaced civilians, destroyed cities, and led to sanctions and the making of alliances with effects that have spread suffering far beyond Ukraine. In this Roundtable, Andrew Hamilton SJ, David Halliday, Michele Frankeni and Dr Stewart Braun explore the ethics of the war and likely paths to peace.
I was invited to a party the night of the 2019 election. The night’s entertainment was invite-only, with long tables of bread and wine, and I stepped back from the sounds of celebration to hear the political coverage on my phone. Standing at the far window, I looked up to see people in the night below, out in the dark, silent. Behind me a party guest shouted over the noise ‘what happened?’ I looked away from those outside and answered: a loss.
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.
In the election campaign the need for an integrity commission has been a minor issue. Many independent candidates have supported it, but the major parties seem to have concluded that it will not significantly shape the way people vote. Yet given the evidence of a lack of integrity in behaviour by and within governing parties both at Federal and State level, the nature and importance of integrity in the processes of government deserve reflection.
On May 3, the Prime Minister of the Solomon Islands, Manasseh Sogavare, vented his fury in parliament at ‘the continual demonstration of lack of trust by the concerned parties, and tacit warning of military intervention in Solomon Islands if their national interest is undermined in Solomon Islands.’ The targets of the speech — Australia and the United States — were clear enough.
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.
Like the aged care sector more broadly, home care is in the process of transition as the federal government implements a system designed around the principles of consumer choice and efficiency. The push is driven by expectations that the number of Australians accessing aged care services will more than triple by 2050.
Recently the Government announced a special visa program for Ukrainians fleeing the war in their home country. The desperate situation in the Ukraine has dominated news for the last month, and already many tens of thousands of Ukrainians have fled their country seeking safety in nearby countries like Poland, Hungary and Rumania. Whilst Ukrainian migration to Australia is relatively small numerically, the response was quick and seemingly generous — a three-year visa with Medicare and work rights.
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.
169-180 out of 200 results.