Search Results: banking

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  • INTERNATIONAL

    Finagling free trade in the Pacific

    • Jemma Williams
    • 15 August 2013
    2 Comments

    Many Pacific Island nations question what they will gain from PACER-Plus, the free trade agreement that is being negotiated this week between these nations, Australia and New Zealand. If Australian and New Zealand really want to achieve development in the Pacific, why are they pushing these islands to reduce their barriers to trade in a manner which could restrict their achievement of human development goals?

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  • ECONOMICS

    Which party really has the economic smarts?

    • David James
    • 12 August 2013
    3 Comments

    As the China boom fades Australia is experiencing a delayed version of the GFC, without the banking crisis. Until now we've been reasonably well served by both sides of politics, in terms of macro-economic strategy. Now we require a way of dealing with more mundane economic issues like productivity and efficiency. Neither side has many good ideas about how to achieve the required structural shifts.

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  • ECONOMICS

    Aussie dollar falls to fast money folly

    • David James
    • 02 July 2013
    4 Comments

    A currency's value is supposed to represent the state of the country's underlying economy. Yet very little changed about the Australian economy during a week in which the value of the dollar was substantially altered. It is a small instance of how rapidly change occurs in currency markets, sometimes to devastating effect, and another reason why the capital markets are ruling rather than serving.

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  • ECONOMICS

    How financial devils came to rule the universe

    • David James
    • 04 June 2013
    7 Comments

    Religious authorities may not spend a lot of time pondering the nature of global financial systems, but the Pope's recent comment that 'money has to serve, not rule' suggests it can be useful when they do. Given scope to become rule makers, rather than just people who know how to exploit the rules, financiers have moved themselves to a position of mastery.

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  • ECONOMICS

    Banksters' deadly game of Sheldon's three-person chess

    • David James
    • 30 April 2013
    3 Comments

    In The Big Bang Theory Sheldon invents a game of chess which 'utilises a three-sided board with transitional quadrilateral-to-triangular tessellation to solve the balanced centre combat-area problem'. This gobbledegook sounds suspiciously similar to the application of mathematical models to financial securities in derivatives markets.

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  • ARTS AND CULTURE

    How an advertiser toppled a dictator

    • Tim Kroenert
    • 17 April 2013

    Pinochet's supporters are, with good reason, banking on the populace's fear and willingness to maintain the status quo. Enter brash young advertising executive René Saavedra. His rusted-on socialist colleagues are at first aghast but gradually persuaded by his conviction that rather than wallowing in negativity, they should be selling optimism.

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  • MEDIA

    Caucusing cardinals trump greedy media

    • Ray Cassin
    • 14 March 2013
    10 Comments

    The media abhor a vacuum, and thus we got to hear about, among other things, the cabal of anonymous gay clerics who are allegedly at the heart of the Vatileaks and banking scandals. UFOs and monsters from space didn't appear in these stories, but if the Church had endured another week of sede vacante they probably would have.

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  • ENVIRONMENT

    Does mining cost more than it's worth?

    • Justin Glyn
    • 11 February 2013
    15 Comments

    While mining is a source of great wealth for Australia, its socio-ecological benefits are mixed. Yet the sheer power of the industry means a balanced conversation on these issues is yet to start. Both major parties are beholden to the industry and fear the advertising power its money can buy. Two examples demonstrate the problem.

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  • AUSTRALIA

    Beyond the Obama euphoria

    • Jim McDermott
    • 07 November 2012
    29 Comments

    In recent weeks the US Catholic bishops insisted letters be read at Mass pushing congregations to vote Republican. That approach has been repudiated twice now. At some point they would be wise to reconsider their approach. A voice in the wilderness has its place, but so does reasoned, respectful discourse.

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  • MEDIA

    Puncturing Australia's cult of the mind

    • Zac Alstin
    • 16 September 2012
    25 Comments

    Half a million Australians have an intellectual disability and 600,000 are projected to have dementia by 2030. Yet our lives increasingly depend upon advanced cognitive activity, seen in the proliferation of online social networking, banking and shopping. Can the fullness of life really be encompassed by our immersion in the life of the mind?

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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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  • AUSTRALIA

    G20 is also about food security

    • Jack de Groot
    • 20 June 2012
    2 Comments

    With the crisis in Europe, it's understandable that this week's G20 meeting has focused on international financing. But it gave less attention to the needs of the world's most vulnerable, who could benefit from greater food security that comes with better regulation of markets.

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