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Global financial crisis

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We bailed out the banks – our food is worth even more, but working out exactly how much more is tricky. Louise Docker/Wikimedia Commons

If dollars rule the world, why don’t the bees get a bailout?

Is it worth trying to put a price on the natural world, when things like water and food are priceless? Yes, says Paul Sutton - without knowing the value of the environment, we might not value it at all.
Graham Beal led the Detroit Institute of Arts through the city’s financial crisis. Les Ward

Rescuing Detroit’s art museum: an interview with director Graham Beal

Graham Beal, the Director of the Detroit Institute of Arts, recently announced that he will be retiring after fifteen years at the helm. Two of his achievements particularly stand out. The first is his…
Syriza leader Alexis Tsipras is odds-on favourite to emerge as the next prime minister in Greece. EPA/Orestis Panagiotou

Syriza surges ahead of January election as Greek voters reject austerity

The snap election called in Greece for January 25 has renewed speculation about the country’s uncertain future as left-of-centre Syriza looks likely to capitalise on the unprecedented unpopularity of the…
The collapse of Lehman Brothers was a pivotal moment in the most recent financial crisis. The next crash may feature another bank failure. Reuters

What will the next financial crisis look like – and are we ready?

The subprime crisis and the subsequent failure of Lehman Brothers came as such a shock – and the repercussions were so severe that when the time came to mount a response, policy makers were as surprised…
Shifting bank risk to taxpayers is deeply unpopular, and there is an alternative. Lisa Norwood/Flickr

Explainer: too big to fail and the push for ‘bail ins’

In the last decade or so, the global financial landscape has endured two major shocks - the first with the 2007 collapse of the sub-prime mortgage market in the United States, and the second emanating…
Lending standards are so tight that even former Fed Chairman Ben Bernanke, center, who until recently was one of the most powerful people in the world, can’t refinance his mortgage. Reuters

Ben Bernanke among borrowers paying the price for knee-jerk home loan rules

It’s clear mortgage standards have gotten too tight when even a former Federal Reserve chairman who makes as much as US$250,000 per speech cannot refinance his home. Ben Bernanke complained about his inability…
Oxford’s dons need to get ready for some new thinking. lukecanvin

After the financial crisis, we need a new way to teach PPE

When it comes to debating the rights and wrongs of public policies, economists have always held a privileged position. While citizens and less respected social scientists must strive to get their voices…
What is the true state of Australia’s economy? Image sourced from www.shutterstock.com

The state of Australia: the economy

In the lead up to the budget, the story of crisis has been hammered home, but there’s more to a country than its structural deficit. So how is Australia doing overall? In this special series, ten writers…
Is Australia on its own ‘Great Gatsby curve’? Victoria Pickering/Flickr

The Great Gatsby days of inequality and social polarisation

In the popular novel of F. Scott Fitzgerald, James “Jimmy” Gatz (The Great Gatsby) climbs from his poor, rural North Dakotan origins to New York’s high society. His parties are as glamorous as they get…
Correcting Eire: the Irish state is serious about modernising. William Murphy/Flickr

Ireland’s post-crash reforms promise more than just recovery

The Republic of Ireland’s calamitous recent years of financial crisis and government dysfunction look to be coming to an end, with an economic recovery gathering pace and a new administration that seems…

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