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Keywords: Money

  • ECONOMICS

    In the end, debts cannot be paid

    • David James
    • 08 November 2017
    3 Comments

    Once upon a time, usury was considered a sin and lending was subject to strict controls. Now, the world is in the grip of usury. It cannot continue. At some point it will have to be retired, or swapped to equity. A good place to start is third world debt, which is the most immoral variant.

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  • ARTS AND CULTURE

    Among the gods of the Melbourne Cup

    • Andrew Hamilton
    • 03 November 2017
    9 Comments

    More recently, Mammon has dominated the Melbourne Cup. It has been targeted by wealthy international owners and stables who buy up the most likely stayers in order to buy the result. It has also been used by corporations to fuel their engines of misery that suck money and life out of many Australian families.

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  • ARTS AND CULTURE

    A few crumbs from a table of plenty

    • B. N. Oakman
    • 09 October 2017
    2 Comments

    He's not difficult to find. Black men stand out in rich barrios. He'll be standing outside the supermarket, smiling, a self-appointed doorman selling a magazine nobody buys. His name is Samuel. He's from Ghana. His father is dead. He sends what money he can to his mother. He has no papers and no work because he has no papers. Madrilenos offer small change after shopping.

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  • RELIGION

    Citizenship and the Common Good

    • Frank Brennan
    • 30 August 2017
    6 Comments

    'There was one controversy in which Lionel Bowen was involved that does provide good lessons for the contemporary Catholic considering the desirable law or social policy on a contested issue - lessons for the citizen weighing what is for the common good. Back in 1979 there was debate in the Parliament on a motion which was framed to stop Medicare funding of abortions. Bowen, a strict Catholic, was strongly opposed to the motion. He did not think the motion was about abortion. He thought it was about money.' Frank Brennan's 2017 Lionel Bowen Lecture

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  • ECONOMICS

    Where is money headed?

    • David James
    • 30 July 2017
    2 Comments

    The daily fluctuations of financial markets and the fractious debates over economic policy are concealing something deeper and much more disturbing. The future of money itself is in question. A decade after world banking almost collapsed in the global financial crisis, the questions raised have not been answered.

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  • AUSTRALIA

    The manor and the workhouse in modern Australia

    • Andrew Hamilton
    • 05 July 2017
    17 Comments

    A regular feature in Australian politics is the attempt to save money by penalising people who are struggling with life. It is usually accompanied by disparagement of the groups who are targeted. The strategy has a long history that provides a context. In 19th century England, a system was established that would encourage people to seek work by deterring them from seeking help. Central to this was the establishment of workhouses where the conditions would be more unpleasant than in any form of work.

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  • ECONOMICS

    Bitcoin revolution is a matter of trust

    • David James
    • 30 June 2017
    2 Comments

    One of the more interesting recent developments in finance has been the creation of Bitcoin and other crypto-currencies. They are being touted as a revolution in how we think and use money. Alternately, there are many who want to go in the opposite direction, back to the gold standard. Both sides have a common enemy: money whose value is determined by government dictate. Allowing governments to dictate in this way, they argue, is the core of the problem. To a significant extent, they are wrong.

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  • ECONOMICS

    What lies beneath the finance industry's water words

    • David James
    • 05 June 2017
    10 Comments

    One thing that is rarely done is a literary-style analysis of the language used in finance and business. It can quickly reveal the sleight-of-hand, even outright deception, that plague these powerful sectors. To take one example, finance language heavily relies on water metaphors, which are deeply misleading. It is unlikely that this is done deliberately; it is more probably reification (making the intangible appear to be concrete). But its consequences have been, and remain, devastating.

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  • ECONOMICS

    Millennials want to change the world through their work

    • Rachel Kurzyp
    • 15 May 2017
    3 Comments

    Kids these days. We can't hold down a job, we expect to be promoted before we've proven ourselves and we put our career needs before the needs of an organisation. We're the largest age group, making up 37 per cent of the Australian workforce, yet we're expected to shut up and wait our turn. What is it about millennials that has everyone scared? People claim the stereotype is based on generational cohort, not age. But for young Australians in the workforce, they are one and the same thing.

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  • ECONOMICS

    Beyond fake news lies the fog of fake figures

    • David James
    • 02 May 2017
    6 Comments

    Fake news aside, increasingly, we live in a world of fake figures. There is a cliche in management that 'what gets measured gets done'. In public discourse that might be translated to 'what gets measured is considered real'. One obvious fake figure is GDP, which is taken as a measure of national wellbeing. In fact, it is just a measure of transactions. If money changes hands because something disastrous happens then GDP will rise. That is hardly an indicator of national wellbeing.

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  • ARTS AND CULTURE

    Daniel Berrigan's rebel spirit

    • Juan Garrido-Salgado
    • 27 March 2017
    1 Comment

    Pain is a cold food like garbage left, no compassion ... Compassion, bread and old wine, waste in a temple to worship money and power. Mankind has lost its root system thirst for happiness. Our bread is autumn leaf tossed into the branches as the bird dies. They make wine from the waters of these rivers suffering bloodied by the blood of Syrian children. Wine is the blood of indifference on the streets of Palestine. The wine is the blood of cruelty in Nauru ... why are you silent?

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  • RELIGION

    Larger principles underpin Pope's beggar belief

    • Andrew Hamilton
    • 09 March 2017
    27 Comments

    We often find ourselves invited to respond to people who ask us for money on the street - beggars, homeless people and so on. We can respond in different ways: give them something, decline as a matter of course, decline as a matter of principle, or not notice them. Last week Pope Francis recommended that we always give coins. To many this will seem to be too categorical. However as has so often been the case, Francis' throwaway lines illuminate much larger social issues.

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