Search Results: finance

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  • ECONOMICS

    Don't bet on the Australian dollar

    • David James
    • 07 February 2013
    4 Comments

    This week the Australian dollar reached its lowest point in three months. Tangible factors such as interest rates and trade with China influence its strength. But what really determines the direction of our currency is the whim of the currency traders. In that sense, the Aussie is is arguably the most 'unreal', or virtual currency in the world.

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  • AUSTRALIA

    Julie Bishop's pall of duty

    • Max Atkinson
    • 22 January 2013
    13 Comments

    On the question of whether Australia should support a higher UN status for Palestine, it appears Julie Bishop sees herself and fellow shadow ministers as obliged to accept Tony Abbott's opinions, regardless of the nation's interests, much less those of Israel and Palestine. This theory of duty must be rejected as profoundly irrational.

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  • ECONOMICS

    Best of 2012: The upside down world of global capital

    • David James
    • 08 January 2013
    1 Comment

    Money is not like water, that 'flows' around the world, reaching 'equilibrium', or experiencing 'volatility'. It is transactions between people, based on trust. It enables the cooperation that forms the basis of social life. Human beings should be at the centre. Yet that is the opposite of what is happening. Monday 27 August 

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  • ECONOMICS

    Debunking the global financial con job

    • David James
    • 11 November 2012
    12 Comments

    Even after the most dangerous financial crises ever seen, finance industry lobbyists still argue that the sector should not be too heavily regulated as that would be counterproductive. This is nonsense. Money is rules. It is a question of who sets the rules and what kind of rules they should should be.

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  • ARTS AND CULTURE

    Economic empire's unethical end

    • Tim Kroenert
    • 03 October 2012
    1 Comment

    Robert Miller has built an empire that is about to be sucked into the mire by a bad investment. Now he wants to offload it quickly before the purchaser realises anything is amiss. His practical obligations to his family and employees usurp his human obligations to those who become pawns in his efforts to maintain order.

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  • AUSTRALIA

    Tony Abbott's monsters

    • Michael Mullins
    • 23 September 2012
    35 Comments

    The Federal Coalition has taken to making monsters of its own MPs in the hope that their larger than life profiles will translate into electoral success. But with the Cory Bernardi gay marriage bestiality debacle, Tony Abbott might have finally learned the lesson of Mary Shelley's morality tale Frankenstein.

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  • ECONOMICS

    The upside down world of global capital

    • David James
    • 26 August 2012
    5 Comments

    Money is not like water, that 'flows' around the world, reaching 'equilibrium', or experiencing 'volatility'. It is transactions between people, based on trust. It enables the cooperation that forms the basis of social life. Human beings should be at the centre. Yet that is the opposite of what is happening.

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  • RELIGION

    The truth about the Vatican's money

    • Paul Collins
    • 14 August 2012
    35 Comments

    People often talk about the 'enormous wealth of the Vatican'. Some think the Vatican owns all the Church's worldwide real estate, others that all that art could be sold for the poor, others that the Vatican is corrupt and busy laundering vast sums of Mafia money through the 'Vatican Bank'. Now for the first time we have some hard facts.

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  • ARTS AND CULTURE

    Drowning rats of Wall Street

    • Tim Kroenert
    • 01 August 2012

    Eric Packer is 'the one per cent', who stoically discusses economics with his chief advisor even as an anti-capitalist protest broils outside his limousine; Occupy reimagined as animal anarchy, with protestors yielding spray-paint and dead rats; 'the 99 per cent' of the besieged city raging to reassert their worth.

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  • AUSTRALIA

    Those crazy Greens

    • Dustin Halse
    • 23 July 2012
    28 Comments

    New South Wales ALP General Secretary Sam Dastyari called the Greens 'extremists not unlike One Nation'. Paul Howes, the Australian Workers' Union National Secretary, denounced them as a 'fringe' party with 'extremist agendas'. But who better represents mainstream Australian values — the Greens or the ALP?

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  • AUSTRALIA

    Shaky surpluses and dirty nappies

    • Jen Vuk
    • 08 May 2012
    4 Comments

    You could you call it coincidence that the week I'm asked to write on budgets, ours blows out. I call it life. Such is the cyclic nature of our 1.5-incomes-and-two-kids lives that just when we think our savings are safe, a new enrolment fee is due, the kids' jeans are suddenly a size too small and I've run out of nappies.

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  • RELIGION

    Titanic lessons in the age of swagger

    • Andrew Hamilton
    • 12 April 2012
    9 Comments

    The Titanic has become the symbol of the end of a swaggering era marked by great self-confidence and belief in inevitable progress. It suggests that whenever swagger begins to walk the streets it is time to head for the lifeboats. We find it hard to apply this lesson to the circumstances of our own times.

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