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As I walk the streets of Manhattan, things seem much the same as always. Yet newspapers are peppered with references to the market 'cratering', a term that conjures the desolate landscape of the moon. A friend suggested another interpretation: 'A crater is what's left after a massive explosion.'
The 'trickle down' of wealth proclaimed by neo-liberalism is debatable, and hardships flowing from sub-prime activities descend on the disadvantaged with the finesse of a freight train. Some economists have demanded the GDP measure be replaced by goods and services data that promote the common good.
In his keynote message to the World Food Summit Pope Benedict XVI called for new strategies to promote food production. Feeding the world population in the coming decades is as big a challenge as climate change, and no less important.
While the reputation of cricket has survived match fixing, doping, secret commissions and money laundering in the past, its status as the gentleman's game appears to be relegated to history. An editorial in Sri Lanka's Daily News asked whether cricket will come to be regulated on the stock market.
In October 1998, the writer raided departmental library budgets in order to place in his university library, $27,000 worth of books he believed it should own. Before leaving his job, he inspected the books in the library and was convinced he had "done good by doing bad".
In the early 1990s, a young politician Donald Tusk seemed so Westernised that his chances of ever becoming Polish prime minister were nearly non-existent. Now his moment has arrived.
Investors are buyers of financial products and services and this affords them a unique opportunity to shape the nature of markets and financial institutions. They should not be shy to use their power to promote sustainability.
Jigalong is a remote community in WA, best known for its association with the Rabbit Proof Fence. Remote Aboriginal communities suffer greatly from undeveloped nature of their economies, and the institutional barriers created to prevent them developing.
The battle for the living rooms of 21st century consumers has begun, and all the big players know it. Google, with its stockpile of $A13.5 billion, has gambled on YouTube delivering market supremacy in the online video arena.
It’s fascinating what travel does for food prejudices. Tripe, abhorrent back in Australia, off-white spongy mounds in parents’ horror stories of post-Depression childhood, was trippa con spinaci on Taverna Guila’s menu.
Are we writing too many of them? Is there a crisis of relevance in Austlit? No, argues Delia Falconer.
David Ferris on the mysteries of the global economy.
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