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With very little public debate or consultation, Victoria has repealed almost all laws relating to prostitution. Alone among all recreational activities, sex for payment is now unrestricted, even regarding health and safety. If we really care what happens to people, what place does sex work have in our society?
The world is facing cross-currents: a collapsing financial system that is balanced by the benefits of massive, long term improvements in production efficiencies, mainly because of technological advances. It is a bad news/good news story that can only be seen accurately if the intractable errors of contemporary economics are jettisoned. We are in a battle between finance fictions and reality.
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.
Now that it is becoming hard to avoid just how much trouble the global financial system is in, it is interesting to speculate about what should be done about it. The first thing to understand about the global financial system is that the assumptions that were used to shape it are demonstrably false.
Journalist and author Elle Hardy spent 15 months researching and writing her 2021 work Beyond Belief: How Pentecostal Christianity is Taking Over the World. She notes the estimation that by 2050, one billion people around the world (one in 10 humans) will be a Pentecostal follower of Jesus (and their pastor).
Former detainee, Kurdish-Iranian refugee Mostafa ‘Moz’ Azimitabar, seeks compensation from the Federal Government for what he alleges was unlawful detention. Detained offshore in Papua New Guinea (PNG) and in Australia for almost eight years, Moz is seeking compensation in the Federal Court of Australia for the physical and emotional toll of his detention, particularly from the final 14 months of detention in two Melbourne based hotels.
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.
Ozark is, at heart, an unflinching look at evil. I’ve always known I’d come back to each new release of episodes in part because the darkness is made watchable by the likeable faces of Jason Bateman and Laura Linney. They play the couple at the centre of a family amidst sinister violence and corruption. Indeed, the juxtaposition between the content and those faces is a key part of what makes the show so intriguing.
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.
After four years, the Fifth Plenary Council of Australia is nearly at a close with the second and final assembly in July. So what has been the significance of the Plenary Council so far, and what can we expect from the final session? In this Roundtable, Geraldine Doogue, John Warhurst, Greg Craven and Julian Butler reveal their hopes and expectations for the process and discuss likely outcomes.
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