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…
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Articles on Debt
Displaying 261 - 280 of 290 articles
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 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…
“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…
“Mr Rudd can stand up and show us his chart and demonstrate that by comparison with some other countries, Australia’s debt and deficit position is not so bad. But it’s not what we’ve done, it’s where we’ve…
Britain is currently experiencing its longest and deepest economic slump in a century. But through new research we’re only just beginning to realise quite how dramatic the impact of this recession has…
The Federal Government’s new Farm Finance assistance package includes concessional loans to help farms restructure debt and invest in productivity. But this is a back-to-the-future response that carries…
Labor has said all options are on the table to address Australia’s structural deficit and falling tax revenues, following disclosure this week of a $12 billion revenue shortfall, just weeks from the federal…
The overhang of debt in Europe and the US has made recovery from the global financial crisis particularly tenuous. Is there a dramatic and simple way out of all this? Some argue that there is: a “debt…
At first sight it is surprising that neither the government nor the opposition, both seeking budgetary savings, is proposing to sell Medibank Private. When retiring Medibank Private chairman Paul McClintock…
Debt, it seems, is an idea with currency. Cities, states, nations and individuals are indebted, with creditors at the door, demanding repayment. This year, the US Federal Reserve even had David Graeber…
Every Australian is directly or indirectly affected by unfunded liabilities. Yes — even you. State and federal unfunded liabilities now total more than $200 billion and this amount is rising rapidly. Is…
Central banks everywhere - from Russia to the Czech Republic - are piling into Australian-dollar-denominated assets. This has limited the fall of the Australian dollar to around 3% from its peak even though…
Each year the budget is like an annual health check on a patient with many complexities. In a black coat, not a white one, the august Treasurer reports the nation’s temperature, provides much-needed tonics…
Treasurer Swan’s commitment to bring the government budget into surplus in 2012-13 may be a political imperative, but is not good economics. The focus for prudential fiscal management should instead be…
In November 2011, the Eurozone crisis reached a climax with interest rates on sovereign debt of Eurozone problem debtors soaring. Fear of sovereign defaults spilled over into the interbank markets as Eurozone…
Australian university graduates who move overseas to work for long periods have deprived the country of about $450 million in unpaid HECS debts since the payment scheme was introduced in 1989, according…
In the run-up to the Queensland state election, politicians are making all sorts of pledges to win over constituents, but few are willing to tackle a potentially paralysing problem: the spectacular growth…
Last week, the Reserve Bank defied market expectations to announce the 4.25% cash rate would remain unchanged. But the surprise decision by Australia’s Big Four banks to act independently of the Reserve…
The fall of the “Mighty” Sean Quinn from Ireland’s (and Forbes-listed) richest man to one of the world’s most indebted individuals is perhaps the biggest story of Ireland’s boom-to-bust recent economic…
Top contributors
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Dean of Business School, University of Southern Queensland
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Part-Time Professor of Economics, The New School
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Professor/Senior Research Fellow, Centre for Advancement of Scholarship, University of Pretoria
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Post Doctoral Researcher, Graduate School of Business (GSB), University of Cape Town
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Professorial Fellow, University of Canberra
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Professor of Economics, UNSW Sydney
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Associate Professor in Finance and Financial Planning, University of Canberra
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Senior Lecturer in Economics, The Open University
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Consulting Economist; and Senior Research Fellow University of Johannesburg, University of Johannesburg
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Professor of Social Policy, University of Birmingham
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Professor, Monash University
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Professor of Economics & Business, Allegheny College
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Honorary Professor of Economics, UCL
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Professor of Economics, University of Georgia
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Associate professor, University of Cape Town
