Search Results: Commonwealth Bank

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  • AUSTRALIA

    Bob Ellis the gifted troublemaker

    • Binoy Kampmark
    • 04 April 2016
    7 Comments

    Ellis' work is a prime example of the notion advanced by the French existentialist philosopher Jean-Paul Sartre: that committed literature, and the act of writing, are political and ethical acts. Even in a film script, one can ponder social political change. Always of the left, but never formally the structured party man of faction and following, the dishevelled, sometimes wild Ellis proved contrarian even to Labor stalwarts. There were never pious reflections, or unqualified praises.

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  • MEDIA

    CommInsure exposé proves spin doesn't always win

    • David James
    • 15 March 2016
    7 Comments

    Most spin doctors are either former journalists, who have personal experience in how the industry works. If a story appears in the media, it is more often than not because some spin merchants want it to be there. Happily, there are exceptions. Gold Walkley winner Adele Ferguson did a brilliant exposé of the insurance industry that was definitely not on any spin doctor's agenda. Indeed it was a demonstration that spin has its limitations if the journalist is skilled enough to get beyond the wall.

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  • RELIGION

    Meeting Pope Francis

    • Frank Brennan
    • 24 January 2016
    22 Comments

    Hailing from Argentina, Francis puts his trust neither in ideological Communism nor in unbridled capitalism. We need to enhance international security, building the rule of law within multilateral organisations, and fostering the climate for investment sensitive to the triple bottom line - economic, social and environmental. I return from Rome grateful that we have a pope prepared to open these questions, accompanied by senior prelates happy to mix it with business and community leaders.

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  • The insights of Pope Francis in shaping Catholic health and aged care

    • Frank Brennan
    • 25 August 2015
    7 Comments

    When addressing Italian doctors last November, Pope Francis quoted St. Camillus de Lellis who suggested that the most effective method in caring for the sick was simply to 'Put more heart into those hands.' Let's do something to change the market settings and political settings here in Australia to modify the behaviour of all Australians in the future, and let's attend to our own Franciscan interior ecological conversion with our care for the vulnerable.

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  • AUSTRALIA

    How super hurts the poor and middle income earners

    • Brian Toohey
    • 26 March 2015
    6 Comments

    Although the age pension will cost about $49 billion in 2017-18, it is means tested. In contrast, superannuation concessions are heavily biased in favour of high income earners. Both sides of politics pander to the wealthy and the cosseted finance sector, which want certainty that nothing will stand in the way of their super bonanza.

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  • AUSTRALIA

    Political roadblock stalls remote kidney disease treatment

    • Brian Stacey
    • 17 March 2015
    6 Comments

    In 2011 the Commonwealth set aside $10 million for the NT Government to provide for dialysis patients from remote communities in Central Australia. But the funds remain in the Commonwealth’s bank account, while the need is acute. Community organisations and others including Vinnies and Caritas are helping, but it’s shameful that the needs of one of Australia’s most vulnerable groups are still unmet long after funding has been allocated.  

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  • RELIGION

    Which bishop is challenging the bank on fossil fuels?

    • Jill Sutton
    • 11 November 2014
    3 Comments

    There has been an avalanche of divestment, including from the Rockefellers and the ANU, as they discern a lack of concern for environmental, social and governance issues. Shareholders attending Wednesday’s Commonwealth Bank AGM will hear a resolution requesting more transparency about the bank’s fossil fuel investments. But the bank’s response can seem like a game whose rules only become clear to its participants as they play it. Banks and other powerful organisations can still exploit any lack of clarity. 

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  • ECONOMICS

    Australia's delayed GFC

    • David James
    • 07 September 2014
    7 Comments

    What is only now starting to come into focus is the extent to which the whole economy is in hock to house prices. A sharp fall in the housing market will put intense pressure on our major lending institutions, leading to a deeply depressing effect on all parts of the economy. The regulators, as ever, are taking a hands-off approach.

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  • ECONOMICS

    Commbank plunder part of new world economic order

    • David James
    • 06 July 2014
    7 Comments

    As the Pope and economist Thomas Pikkety have observed in recent times, the inequity created by capitalism is a growing concern. But the problem with this argument is that 'capitalism' is too broad a term. The attack would be far better directed against the financialisation of developed economies. A new type of sovereign has emerged, and like all rulers they are cheerfully engaging in acts of plunder.

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  • AUSTRALIA

    Aboriginal victims of Tennant Creek's addiction

    • Mike Bowden
    • 18 November 2013
    21 Comments

    Jordan Jenkins, owner of the Tennant Creek Hotel, let the cat out of the bag: Tennant Creek is addicted. 'I mean, we are not going to go bankrupt so police can present stats to people,' he said. It seems the police are doing their job too well. Alcohol sales are declining. Profits are at risk. And so the liquor licensees of this remote town with a large Aboriginal population are pulling out of an alliance designed to reduce alcohol related harm.

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  • ECONOMICS

    Australia's Noah's Ark economy

    • David James
    • 04 November 2013
    2 Comments

    Australia is very much the 'Noah's Ark' economy: two of everything. Consider the spate of industry sectors in which only two companies dominate: airlines (Virgin and Qantas); paper and packaging (Visy and Amcor); print media (News Corporation and Fairfax). The Federal Government's announcement that it will be launching a 'root and branch' review of Australia's competition law will, at the very least, make for a fascinating spectacle.

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  • AUSTRALIA

    Labor's light on the hill

    • Frank Brennan
    • 01 November 2013
    7 Comments

    'There have been innumerable post-mortems and words of advice as to how the party with new structures, election rules, and policies can pick itself up, dust off, and win the next election. Sadly some of those post-mortems have come with more coatings of spite and loathing. It is no part of my role in the public square as a Catholic priest to offer such advice.' Frank Brennan's address to the Bathurst Panthers Club, 2 November 2013.

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