Welcome to this In Conversation between Liberal Senator Arthur Sinodinos and Macquarie University politics expert Craig Mark. Sinodinos is a political paradox: he’s the newest member of the Australian…
Personal loans should be used to fund major infrastructure projects, like the National Broadband Network.
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The Global Financial Crisis should be called the Global Debt Crisis. Too much debt has been created and there is not enough productive capacity to pay the interest on the debt, let alone repay the loans…
The Irish have seen their booming economy implode. Is it a good lesson for Australia?
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When Treasurer Wayne Swan finger-wagged at the recent set of G20 events, scolding his European colleagues and telling them to get their act together, he had more of a point than perhaps the Australian…
The rise of extreme wealth has gone hand-in-hand with absolute poverty in the US.
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The rediscovery of inequality is one of the more startling realisations of the post-global financial crisis, post-globalisation world. A Berkeley University professor Emmanuel Saez with colleagues has…
Former Goldman Sachs and Procter & Gamble director Rajat Gupta faces securities fraud charges.
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The Department of Justice in the United States has significantly broadened the reach of its investigation into insider trading. The charging of a former director of Goldman Sachs and Procter & Gamble…
After the global financial crisis, a more restrained and open-minded approach to economics is needed.
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Confidence in economics has been dented by the global financial crisis. But what is reasonable to expect of economists? People joke about economists disagreeing, but is it feasible for there to be one…
Protests continue - but are global economies now bound inextricably together?
Remember globalisation? It’s not a term that’s much in vogue any more. Here at Flinders University, our globalisation program closed down last year. But if you were around in the 1980s and 1990s, you might…
Banks such as NAB are reportedly positioning themselves to use covered bonds to raise funds.
Australian banks are positioning themselves to take advantage of new laws allowing them to use the new instrument of covered bonds to raise funds. Our large banks especially have enthusiastically welcomed…
Slovakian Prime Minister Iveta Radikova’s government was a political victim of the continuing Euro debt crisis.
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The Central European country of Slovakia has finally ratified the EU bailout fund – but not before its initial refusal caused a spill of the Slovakian government and highlighted the deep political divisions…
A reduction in Arctic sea ice isn’t just a problem for polar bears, it’s a problem for all of us.
Carlos Duarte
A few weeks ago, NASA announced that the area of Arctic ice is now almost as low as it was in 2007, its historic minimum. The extent of ice has reduced to 4.33 million km² compared to the mean (1979 to…
London trader Alessio Rastani has told the BBC he “dreamed” of recession. But traders often don’t know how they’ll react to losses.
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Trading in financial securities has sometimes been regarded as a “black box”. This is particularly the case in markets where there is increased uncertainty. The current world economy is a prime candidate…
World Bank chief Robert Zoellick and IMF head Christine Lagarde have doubts about global growth.
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Global markets have tumbled again this week, following the downgrading of Italy’s debt rating and a series of negative comments from leaders of the world’s financial institutions. International Monetary…
Italy’s Silvio Berlusconi wants closer ties with China - but Europe shouldn’t believe this will save the EU.
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Earlier this week, reports emerged that Italian finance officials had held talks with their Chinese counterparts regarding the possibility of China making significant purchases of Italy’s public debt…
The British banking sector is facing a major shakeup in the wake of the global crisis.
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Major proposals designed to reform Britain’s banking sector after its spectacular 2008 crash have been described as one of the biggest shakeups in a generation. But they are likely be inadequate for a…
If Greece’s economy collapses, it could easily lead to a breakdown of civil order.
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Global markets look set for a rough week amid new concerns that Greece could default on its massive debt. The Australian share market has spent most of the day down 3% after reports that Germany could…
China may appear strong now compared to the troubled US, but still lags behind in technology and per-capita wealth.
Flickr/futureatlas.com
Europe is on the decline. The US has its own problems. Meanwhile, China and India appear strong. But is it too soon pick the next global superpower? In this Q+A, Professor Geoffrey Garrett, CEO of the…
Unless the US can address structural problems, there no end in sight to this financial crisis.
AAP
Global share markets were faltering even before the decision by Standard & Poor’s to downgrade the US government’s debt. The slump in share markets over the past week reflects a weaker outlook for…
How safe is your nest egg from share market fluctuations?
Flickr/peregrinari
Think the share market volatility doesn’t affect you? Guess again. With almost 60% of Australian superannuation funds invested in shares, anyone paying compulsory super contributions has something to lose…
The share market is often driven back into the black by canny investors looking for a bargain.
AAP
After falling by almost 20% in week-long sell-off, the Australian share market has bounced back and began trade today up more than 3.5%. The market’s recovery follows a strong comeback on Wall Street overnight…
As a new global financial crisis looms, Australia shouldn’t overestimate its dependence on China.
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Amidst the widening global financial turmoil, a strong Chinese economy is certainly one positive for the Australian economy. But should we believe it is only factor that will save the day? The answer is…