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Keywords: Sanctions

  • ECONOMICS

    Ballooning risks of finance fictions

    • David James
    • 14 March 2023

    Was Russia's removal from the SWIFT system the moment when the global financial system detached itself from reality? The financial system is at risk from unpayable debt and the delusion that money can be created out of money itself, and wider trust underpinning finance is steadily evaporating.

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  • INTERNATIONAL

    Ukraine, one year on

    • David Halliday
    • 28 February 2023
    3 Comments

    One year on from Russia's invasion of Ukraine, the world is left with a sense of unease. As the worst state-on-state aggression in Europe since World War Two, it has had global, cascading effects on inflation, energy prices, and food security. So how will it end?

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  • ECONOMICS

    Russia sanctions reveal growing split in the global financial system

    • David James
    • 14 December 2022

    What the failed attempt to crush Russia’s economy has revealed is that America’s and Europe’s dominance of the global financial system is something of an illusion; more like money changing hands in a giant casino rather than actual wealth. 

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  • ECONOMICS

    In finance, story matters most

    • David James
    • 16 November 2022
    1 Comment

    Financial markets are made up of human beings and human beings have always been storytellers — long before science, or modern finance, or accounting even existed. Accordingly, the main skill of successful analysts, advisers, financial gurus and commentators is the construction of compelling narratives. They are, if not exactly creators of fairy stories, not too far removed from it. 

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  • AUSTRALIA

    New gambling slogans unlikely to curb social losses

    • Julian Butler
    • 08 November 2022
    3 Comments

    In the midst of the spring racing carnival, online betting companies have been told their advertising will next year need to include warnings about the risk of gambling. The new requirements fall well short of regulation that might meaningfully curb what is become a social norm and cultural marker for many.

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  • AUSTRALIA

    Three-lie leeway

    • Michele Frankeni
    • 24 October 2022

    How do we go from insisting our children tell the truth, even if it leads to punishment for breaking rules, to casually accepting a lack of veracity from societal ‘leaders’? Why in this age of social media when the mildest of heterodox comments cause a storm of protest do blatant untruths cause not even a ripple? 

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  • ECONOMICS

    Blowback to Russia sanctions in Europe as gas crisis looms

    • David James
    • 03 October 2022
    5 Comments

    For Europe, especially Germany, there should be enough gas in storage to limp through winter but by next spring there may be severe trouble. The leaders of Europe and the United States expected that they would win the economic war against Russia and force the invader to withdraw. Not only did that not happen, it is likely to lead to severe unintended economic consequences.

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  • INTERNATIONAL

    The cost of living and the cost of principles

    • Max Jeganathan
    • 15 August 2022
    3 Comments

    Despite a post-pandemic bull-run, both the national and international economy are now stalling. Interest rates are going up. Markets are going down. Inflation seems unstoppable. While many factors are to blame for the rising cost of living, a catalysing force continues to be our response to the war in Ukraine.

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  • AUSTRALIA

    Deliver us from our necessities

    • Andrew Hamilton
    • 16 June 2022

    After the Election media focus has now switched from the fresh personalities and style of the new Government to the difficulties that face it. These include the financial pressures created by heavy debt and inflation, the constraints imposed by pledges made before the election, an energy crisis, international conflicts and their effects on trade, and differences within the Party. Faced by such challenges the Government is unlikely to be able to fulfil its promises and its supporters’ hopes.

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  • ECONOMICS

    Can financial fictions survive reality?

    • David James
    • 31 May 2022
    2 Comments

    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? 

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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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  • INTERNATIONAL

    The war in Ukraine: A Roundtable

    • Andrew Hamilton, David Halliday, Michele Frankeni, Stewart Braun
    • 19 May 2022
    5 Comments

    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.  

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