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Keywords: Recession

  • AUSTRALIA

    Where have all the arts ministers gone?

    • Eliza Berlage
    • 02 March 2018
    1 Comment

    Is it any wonder that when I came to work in the press gallery I was cynical about arts policy? In those lockup hours scouring budget papers it was clear yet again the arts would not see any wins. It wasn't always this way. Prime ministers and arts ministers of yesteryear produced arts policy informed by their personal and political interest.

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  • ECONOMICS

    No economy of exclusion and inequality

    • Joe Zabar
    • 27 February 2018

    'Francis' statement is not one merely for theological or academic contemplation. It is in effect Francis' call to establish a new benchmark for our economy, one where exclusion and inequality are no longer a natural and accepted consequence of its operation.' Director of Economic Policy for Catholic Social Services Australia addresses the CSSA annual conference in Melbourne, February 2018.

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  • ARTS AND CULTURE

    At St Brendan's

    • Grant Fraser
    • 15 January 2018
    7 Comments

    On days like this, with blisters of tar already softening on the road, the nuns would curdle in the heat, shifting their stays by habit; sometimes, a bead of sweat would tempt their brows. Cooped in our desks, we steered our wilful pens over acreages of white pages.

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  • ECONOMICS

    Economic doom looms in Oz's game of homes

    • David James
    • 12 December 2017
    1 Comment

    It is not difficult to imagine a scenario where the game of musical chairs in Australia will come to a shuddering end, imperilling the banks and dragging the economy into a deep recession. As we saw in the GFC in America and Europe, government money will be thrown at the banks to rescue them at the expense of ordinary citizens.

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  • MEDIA

    There is no such thing as capitalism

    • David James
    • 27 October 2017
    14 Comments

    In literary studies, one of the most important requirements is the need to define one's terms accurately. It has always come as a shock to me that economics is almost completely devoid of such precision. Much of the terminology of the 'discipline' of economics is either nonsense, or thinly disguised tautologies.

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  • INTERNATIONAL

    The Bernie Sanders Factor in US and Australian elections

    • Fatima Measham
    • 05 February 2016
    9 Comments

    The Bernie Sanders phenomenon in the US, like Corbyn in the UK and Podemos in Spain, demonstrates the rhetorical potency of renewal; of politics not as usual. It is the sort of thing that resonates with disaffected young people. While it is not entirely sensible to extrapolate developments in the US to Australia, it is worth speculating on the impact of our own changing demographics. Are the major parties equipped to take advantage of these shifts? Are they appealing to a new Australia that is already here?

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  • ECONOMICS

    Consequences loom for global debt binge

    • David James
    • 19 January 2016
    11 Comments

    Low interest rates tend to change the understanding of risk; having high debt seems to be less of a problem because the cost of servicing it is lower. This cavalier attitude has been especially evident in Australian households, which have racked up more debt relative to the size of the economy than any other country in the world. The massive appetite for debt has been replicated across the globe. The world may have survived the era of casino money - just - but it is now facing another crisis.

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  • ECONOMICS

    New world order of gas and finance

    • David James
    • 15 December 2015
    3 Comments

    In the early 1990s, America, Europe and Japan accounted for about 90 per cent of world GDP. Now, they account for less than half. The BRICs and other developing nations have grown steadily (in China's case spectacularly) while Europe has stagnated and America has sputtered at best. Recent developments in the geopolitics of fossil fuels and in finance confirm the perception that the rise of China and the developing world spells the end of US global hegemony. Against this backdrop, the narrative of the West has grown increasingly incoherent.

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  • ARTS AND CULTURE

    My own personal recession

    • Isabella Fels
    • 18 November 2015
    5 Comments

    My recession digs deep. In many ways I cannot take a leap as I would if I had heaps of money. How I would love to buy all sorts of goodies and never deny myself anything! How I wish I could be given a handout and make easy money, and throw money around everywhere I go! I feel myself learning the value of money the more I yearn for the dollar. In many ways it makes me feel stronger to make my money last longer, rather than constantly being lured by the dollar, and being easy fodder.

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  • ENVIRONMENT

    Paris climate talks offer real/last hope for meaningful action

    • Fatima Measham
    • 11 November 2015
    6 Comments

    The UN Climate Change Conference in Paris is set to become the last opportunity for meaningful global action. The signs so far bear optimism, as the impetus for a binding international agreement to tackle the severity and effects of climate change has taken a turn. In order to better understand why, and appreciate the difference that a few years can make, it is worth revisiting why Copenhagen was such a disaster. The most meaningful difference between then and now involves leaders.

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  • AUSTRALIA

    Unskilled immigration is good for Australia

    • Gabriela D'Souza
    • 09 November 2015
    10 Comments

    George Megalogenis describes a protest rally in 1849 organised by residents of Sydney against arrivals of more convict boats. Workers who 'wanted to maintain their high-wage society' made 'the first of countless calls that would be made against migrants who threatened to undercut their standard of living'. It is a familiar refrain today. In a world where three-fifths of a person's income is determined by their place of birth, it defies logic that we place restrictions on people's movement to preserve our standard living.

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  • AUSTRALIA

    The Archbishop of Canterbury's advice for Joe Hockey

    • Michael Mullins
    • 09 February 2015
    8 Comments

    As a former business executive, the Archbishop of Canterbury Justin Welby speaks with particular authority on economic issues. He has just given a landmark speech on the ‘Good Economy’ in which he stresses that everybody including the marginalised has a role to play. As our Coalition MPs undergo soul searching in order to reconnect with the Australian people, they might consider the virtues of a reduced pace of economic growth that has more universal benefit.    

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