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Even at major NCAA Division I schools like Alabama, whether or not their athletic programs turn a profit varies by year. Tim Murphy/Flickr

Who actually funds intercollegiate athletic programs?

Parents, government officials, and tuition-paying students are all seeking solutions to the skyrocketing costs of higher education and the burden of student debt. Currently, public universities in America…
Cutting a dash. A 1957 Chevrolet. Randy von Liski

Hard Evidence: are we facing another financial crisis?

Taken at face value, David Cameron’s warning this week about risks in the global economy sounds like it might be wonderfully prescient. Here’s the country’s economic chauffeur, carefully checking his instrument…
How did US student loan debt get so big? Flickr/thisisbossi

Explainer: the US student loan problem and how we got here

The US student loan system is unique in age, size, and scope. Since 1958, the US has had some form of federally sponsored student loan system. Since inception, college and borrowing have become much more…
Angela Merkel has thus far closed her eyes to the need for more spending, at her country’s peril. Reuters

Germany may be the biggest loser if it doesn’t start spending

There’s growing pressure on Germany to spend more to support Europe – and for good reason. But it’s proving to be a hard sell to the country’s leaders. Germany’s budget is balanced and the government insists…
Ordinary people stand to lose if Argentina’s economy collapses. EPA/David Fernandez

Why Argentina matters for indebted countries everywhere

Another week, another proposal to deal with Argentina’s debt. The latest one, by the Argentine president, Cristina Fernández de Kirchner, is to launch a voluntary debt swap where investors holding defaulted…
In the eye of the beholders, dollar dominance rules. peasap

Why dollar dominance is secure despite growth of global rivals

In imploring the world to be less dependent on the US dollar for international transactions, French finance minister Michel Sapin is expressing a wish that many of the euro’s creators hoped would already…
The drive to privatise was popular during the Howard era. Alan Porritt/AAP

Asset recycling scheme looks more like policy recycling

The Abbott government is about to unveil a new A$10 billion infrastructure package in its first budget. Apparently it is to be funded by a “special immediate measure” in the form of a levy imposed on high-income…
Debt; dollar; deficit - the mantra for this year, amid a turbulent political period. AAP

2013, the year that was: Business and Economy

Debt. Dollar. Deficits. Three little words so close to the hearts of our contributors in a year dominated by a critical federal election, a waning mining boom and continuing international turbulence. The…
Will the credit card cover this? ben_osteen

Time to stop inflating the household debt bubble

Household debt in the UK recently hit a record high, surpassing the previous peak reached in September 2008. That was the month when Lehman Brothers collapsed, sparking off the global financial crisis…
Tony Abbott now faces the familiar issues of trust. AAP/Aman Sharma

Abbott digs himself into deeper Gonski hole

Tony Abbott enters the last parliamentary fortnight highly vulnerable on that familiar issue of “trust” – and it is all his own doing. The Prime Minister today added to the ammunition the opposition has…
How does Australia’s economy stack up when compared globally?

FactCheck: how strong is Australia’s economy?

“We have among the lowest of budget deficits and debt to GDP of any other major economies in the developed world… If it’s so bad, Mr Abbott, why have we been given by the three ratings agencies a AAA credit…

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