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Some of the soup van's clients collect cans to sell to a scrap dealer. The work supplements their welfare income and provides a sense of fulfillment. Since the global market crash business has been slow: 'China doesn't want aluminium now.'
During the financial turmoil this summer, images of fire have abounded. The economy is 'going into meltdown'. Shareholdings 'turn to ashes'. This weekend's bushfires make us ask instinctively what really matters.
On the day the markets bled we rushed to hear Stiglitz's diagnosis. The Nobel Laureate used to be Chief Economist of the World Bank, ending his term in fisty cuffs with the IMF and the US over their financial bullying of developing nations. Stiglitz had schadenfreude written all over his face. (October 2008)
This time of year is marked by a fraught pre-Christmas anxiety, exacerbated this year by the economic crisis. My daughter Rachel lost her part-time job last week. Her loss is slight compared to her employer's, a young mother who works in the finance industry.
As Kevin Rudd ends 2008 and his first year on a high, it seems he's every bit the trickster John Howard was. We're heading into one of the worst recessions in living memory, yet the government leapt to a six month high in last week's Newspoll.
After the 2001 Argentine economic disaster, workers' collectives organised to autonomously run their enterprises. The collapse of the ABC Learning empire should not be seen as a total calamity, despite the obvious potential for fallout.
The hand-in-glove nature of Perth business politics was hard to detect when money was cheap. Australia had a credit boom between 1983–1985, but the days of easy money faded. Then came the king wave: the sharemarket crash. (April 1991)
A fashion magazine proposed that 'blowing the budget on something outrageously extravagant will let you know you're still alive'. There is a place for fantasy during financial hard times, but there are also good reasons to act decisively.
The outcomes of the G20 meeting this month demonstrate the limited vision of many of the world's politicians in confronting the global financial crisis. If our leaders can't imagine a different future, it is up to us to do so.
Theological colleges increasingly need to turn to churches for underwriting, yet church congregations are dwindling, which affects them financially as well. Something has to give ... and in Brisbane, it already has.
'About half' was Pope John XXIII's reply to a visitor who asked how many people worked in the Vatican. The Vatican is reportedly updating its employment practices by offering incentive payments based on performance. But these devalue work and represent it purely as a financial transaction.
As individuals, we can make a difference through symbolic actions that embolden governments to take big steps. The financial crisis and the urgent needs of threatened island nations need to be factored into a calculation that ensures burdens fall most heavily on those most able to bear them.
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