By Kim on August 8, 2011
On one hand, this whole global financial crisis (is that what we’re having again?) thing is horrendously complex. On the other, it’s quite simple. Let’s focus on the simple. The meltdown that followed the end of the credit and housing [...]
Posted in Economics, International, Politics | Tagged animal spirits, credit, debt, demand, Eurozone, financial markets, G20, GFC, gordon brown, international economics, Journey, Kevin Rudd, Keynes, Keynesianism, market rationality, New Labour, regulation, stock market, Tony Blair |
By Robert Merkel on June 30, 2010
Nick Gruen at Troppo is apparently a tad bored by yet another column by Paul Krugman on his fears of a “long depression” To quote Krugman: We are now, I fear, in the early stages of a third depression. It [...]
Posted in China, Economics, Europe, International | Tagged austerity, depression, G20, Paul Krugman, recession, stimulus |
By Brian on June 30, 2010
The Moving Finger writes; and, having writ, Moves on: nor all your Piety nor Wit Shall lure it back to cancel half a Line, Nor all your Tears wash out a Word of it. Of course, that’s the famous quatrain [...]
Posted in Climate change, Economics, Education, Energy, Environment, Government, Health, Politics, Water | Tagged education revolution, emissions trading system, G20, Henry Tax review, homelessness, Kevin Rudd, kyoto protocol, Murray Basin Authority, national curriculum, National Organ Transplant Authority, pacific solution, paid parental leave, regional cancer centres, renewable energy target, school libraries, social housing, stolen generations, The Rubáiyát of Omar Khayyám, trade centres, WorkChoices |
By Mark Bahnisch on January 26, 2010
Responding to the loss of Ted Kennedy’s Massachussetts Senate seat to Republican Scott Brown, Barack Obama is set to announce a three year discretionary spending freeze. (Note that military spending is apparently compulsory not discretionary.) Nate Silver at FiveThirtyEight.Com thinks [...]
Posted in Economics, International, Markets, USA | Tagged andrew leonard, Australian politics, barack obama, blue dog democrats, Brad DeLong, Coalition, deficits, Economics, Evan Bayh, firedoglake, G20, GFC, global financial crisis, growth, herbert hoover, ideology, Liberal Party, nate silver, Paul Krugman, Politics, recession, Robert Reich, Salon, spending freeze, stimulus, US politics |
By Mark Bahnisch on January 8, 2010
In a recent post, I observed that the momentum for systemic reform and coordinated international regulation of the financial sector, pursued through the G20 in the aftermath of the Global Financial Crisis, appeared to have stalled. In that context, it [...]
Posted in Economics, Elections, International, Markets, Politics, USA | Tagged banks, Capitalism, dominique strauss-kahn, G20, GFC, global finance, global financial crisis, IMF, inside story, John Langmore, Senate, tobin tax, transactions, US midterm elections 2010, US politics |
By Kim on July 9, 2009
If Kevin Rudd wanted to impress Pope Benedict with his support for Blessed Mary MacKillop’s canonisation, he might have picked the wrong topic. In the lead up to the G20 meeting, the Pontiff had other things on his mind – [...]
Posted in Developing world, Economics, Ethics, International, Politics, Religion | Tagged Capitalism, Caritas in Veritate, Catholic Church, Catholicism, Developing world, encyclical, finance, G20, global financial crisis, globalisation, Italy, Kevin Rudd, Mary Mackillop, Pope Benedict XVI, social teaching, social thought |
By Mark Bahnisch on April 14, 2009
[Via Rob Corr] John Quiggin, with his customary acuity and clarity of thought, has outlined a social democratic agenda post the Global Financial Crisis in a paper [pdf] for the Whitlam Institute. A social democratic response to the crisis must [...]
Posted in Disasters, Economics, International, Markets, Policy, Sociology, USA | Tagged AIG, barack obama, credit markets, credit swap defaults, derivatives, economic policy, equity markets, G20, GFC, global financial crisis, ideology, John Quiggin, Larry Summers, Markets, Michael Perelman, neo-liberalism, Obama administration, Policy, practices, regulation, risk, social democracy, Tim Geithner, US government, Wall Street, Whitlam Institute |
By Mark Bahnisch on April 4, 2009
It seems as if the G20 Summit did enough to give equity markets a rare moment of euphoria – as has become common during the Global Financial Crisis, “markets” get all excited whenever there’s more regulation and government takes on [...]
Posted in China, Consumerism, Economics, Europe, Foreign policy, International, Markets, Media, Sociology, USA | Tagged America, barack obama, Economics, G20, GFC, global financial crisis, gordon brown, ideology, Kevin Rudd, London, summit |
By Mark Bahnisch on April 1, 2009
As Kevin Rudd joined Gordon Brown in decrying “the false god” of “unfettered free markets” in London’s St Paul’s Cathedral, Janet Albrechtsen got her apoplexy in early, lamenting the fact that Kevin Rudd doesn’t read Hayek (apparently Ayaan Hirsi Ali [...]
Posted in China, Economics, Europe, History, International, Markets, Philosophy, Politics, Sociology, USA | Tagged Amartya Sen, Ayaan Hirsi Ali, Capitalism, G20, GFC, Giovanni Arrighi, global financial crisis, gordon brown, Hayek, Janet Albrechtsen, Karl Marx, Kevin Rudd, Keynes, London, Markets, Maurice Merleau-Ponty, neo-liberalism, political economy, public intellectual, public interest, social democracy, Sociology, sociology of knowledge, St Paul's Cathedral, St Paul's Institute |
By Mark Bahnisch on April 1, 2009
As Kim observed in a recent post, the big story on Kevin Rudd’s recent BBC appearance as far as the Australian media was concerned was why he wanted to sit next to UK Foreign Secretary David Miliband rather than the [...]
Posted in Books, Writers & Writing, Film, TV, Video etc, International, Media, Politics | Tagged Alastair Campbell, BBC, diaries, G20, gordon brown, Kevin Rudd, London, Media, political communication, political diaries, Politics, The Blair Years |
By Kim on March 31, 2009
As I’ve been implying, coverage of the preliminaries of the G20 summit has been distorted through the lens of domestic politics – of the most trivial kind. ABC tv news, tonight, for instance, was obsessed by whether Kevin Rudd’s decision [...]
Posted in China, Economics, Europe, International, Markets, Media, Poverty, Sociology, USA | Tagged abc, Amartya Sen, America, Angela Merkel, barack obama, China, David Miliband, Economics, G20, GFC, global financial crisis, gordon brown, ideology, income inequality, Kevin Rudd, Keynesianism, London, news, social market, Sociology, sub prime mortgage, summit |
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