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Keywords: Rba

  • AUSTRALIA

    The Australian housing crisis: A Roundtable

    • David Halliday, Peter Mares, John Falzon, Nicola Nemaric, Rae Dufty-Jones
    • 18 November 2022
    1 Comment

    Despite rising interest rates and the recent dip in property values, Australia’s housing situation places it among the least affordable property market in the world. With a rise in homelessness and younger Australians locked out of an inflated housing market, what is the way forward for Australia? 

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  • AUSTRALIA

    Matters of interest

    • David Halliday
    • 14 November 2022

    How much financial strain can a system tolerate? With families simultaneously staring down the four horsemen of wage stagnation, higher prices of goods, higher bills, and higher mortgage repayments, something’s got to give.

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  • INTERNATIONAL

    Holy fools and flawed titans: The legacy of Mikhail Gorbachev

    • Binoy Kampmark
    • 08 September 2022
    3 Comments

    Greatness for the Soviet Union’s last leader, Mikhail Sergeyevich Gorbachev, was not to be found at home. Commentary on his passing is as much a statement of positions, endorsed by admiring beneficiaries, and loathed by those who fell off the train of history.  The millions who delighted seeing the collapse of the Soviet Union and, as a result, a power vacuum and weaker Russia, toast him, eyes filled with emotion. 

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  • INTERNATIONAL

    Nicaragua’s Catholic Church: A nuanced conflict

    • Antonio Castillo
    • 01 September 2022
    2 Comments

    In Nicaragua, Catholic priests and institutions are under siege. In the last five months, the Ortega regime has increased its persecution of the Church, accusing them of being ‘terrorists.’ The conflict has been further exacerbated by the detention of Bishop Rolando Álvarez, the most outspoken critic of Ortega. In less than four years, the Church has suffered 190 attacks, including a fire in the Cathedral of Managua. However, the crisis in Nicaragua is not as clear-cut as it might seem.

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  • ECONOMICS

    Why debt forgiveness may be inevitable

    • David James
    • 25 July 2022
    3 Comments

    Monetary authorities are caught in an impossible situation. Inflation is rising: it is over 5 per cent in Australia and over 9 per cent in the United States. Inflation is often seen as a way out of excessive debt because it erodes the real value of money and therefore the real value of the debt. But what is increasingly being discussed are ways to cancel the debt.

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  • ARTS AND CULTURE

    Race relations

    • Gillian Bouras
    • 29 June 2022
    10 Comments

    What causes racism? How does it start? Perhaps that’s at the heart of the matter: the difference, and the fear of it. Historically, we have tried to manage the fear via labels and categories: think of the ancient Greeks and their idea that anybody who did not speak Greek was a barbarian because of the bar-bar sounds that they made.

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  • ECONOMICS

    Rising interest rates point to a larger problem

    • David James
    • 28 June 2022
    3 Comments

    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. 

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  • INTERNATIONAL

    Stalin’s patriarchate

    • Stephen Minas
    • 23 May 2022
    3 Comments

    ‘We removed him from the mausoleum’, wrote the Soviet poet Yevgeny Yevtushenko. ‘But how do we remove Stalin from Stalin’s heirs?’ The poem was published in 1962 but it’s still a good question. Today one of Stalin’s heirs commands a barbaric war against Ukraine with the enthusiastic cheerleading of another such heir – the leader of the Moscow Patriarchate reestablished by Stalin.

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  • ECONOMICS

    Supply to survive

    • Julian Butler
    • 31 March 2022
    1 Comment

    In 2020 as the Covid-19 pandemic raged globally, as Australia shut its borders and some states shut in their people, massive government income support was introduced. The government was a little slow coming to recognise the need for such measures. Once they had, they wanted the support rolled out as quickly as possible. Frydenberg, Scott Morrison and their colleagues recognised that a demand side boost was absolutely necessary to sustain economic activity. The government was uncomfortable, though, with this approach.  

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  • ECONOMICS

    What will rising interest rates mean for wealth inequality?

    • David James
    • 01 March 2022
    3 Comments

    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. 

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  • AUSTRALIA

    The unequal pandemic

    • Brigid Meney
    • 31 January 2022
    18 Comments

    When COVID-19 first arrived, it was described as the great equaliser. Infection could happen to anyone. Your race, creed, or the balance of your bank account didn’t matter to the virus that was spreading. But after a summer of dodging the virus and hunting for rapid tests, it is abundantly clear this isn’t a pandemic of equals. Now we have the data which quantifiably measures just how Australia's socio-economic fault lines were exposed and exacerbated by COVID-19.

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  • ARTS AND CULTURE

    To journey without travel

    • Catherine Marshall
    • 20 April 2021
    4 Comments

    Sitting at my garden table one warm February day watching birds dash from paperbark to Tasmanian blue gum to palm tree, I realised with a satisfying jolt that I had been present for every season of this singular year; I had journeyed in sync with my surroundings on their year-long journey around the sun.

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