Search Results: banks

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  • ENVIRONMENT

    The renewables debate is won, but we may still lose the war

    • Greg Foyster
    • 16 August 2017
    9 Comments

    In the last few years, vested interests have changed their strategy for opposing action on climate change. Where they once focused on denying the problem, they’re now putting their efforts into sabotaging the solutions. Instead of funding fake experts to say the ‘science isn’t settled’, fossil fuel companies and their political backers have been running a smear campaign against renewable energy technologies like wind turbines, solar panels and batteries.

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  • ECONOMICS

    Where is money headed?

    • David James
    • 29 July 2017
    2 Comments

    The daily fluctuations of financial markets and the fractious debates over economic policy are concealing something deeper and much more disturbing. The future of money itself is in question. A decade after world banking almost collapsed in the global financial crisis, the questions raised have not been answered.

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  • ECONOMICS

    Bitcoin revolution is a matter of trust

    • David James
    • 29 June 2017
    2 Comments

    One of the more interesting recent developments in finance has been the creation of Bitcoin and other crypto-currencies. They are being touted as a revolution in how we think and use money. Alternately, there are many who want to go in the opposite direction, back to the gold standard. Both sides have a common enemy: money whose value is determined by government dictate. Allowing governments to dictate in this way, they argue, is the core of the problem. To a significant extent, they are wrong.

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  • AUSTRALIA

    Cashless Cards and other salvos in the war on the poor

    • Michele Madigan
    • 05 June 2017
    11 Comments

    In 1978 Kaurna/Narungga woman, Georgina Williams, said to me that Aboriginal people tend to be first on the receiving end of governmental oppressive practices and, when that works, the practices are extended to other poor Australians. Thirty-nine years later, almost every day brings new evidence of a relentless campaign against the poor, of which Cashless Cards are but one particularly vindictive example.

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  • ARTS AND CULTURE

    Finding my grandfather

    • Wally Swist
    • 28 May 2017
    2 Comments

    There is the photograph of my father's father in military uniform, an Austrian, serving in the Polish cavalry in WWI, standing ramrod straight. It is he whom I think of when I find myself dowsing my genome for answers regarding my origin, the deep pull that draws me to the late symphonies of Mozart, Rilke's angelic mysticism, and, as a child, to Krapfen and Apfelstrudel ... That grandfather died shortly after returning to his farm from the results of having been a victim of a mustard gas attack in the war.

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  • AUSTRALIA

    Building social justice through shareholder advocacy

    • Ann Deslandes
    • 25 May 2017
    4 Comments

    Wealth inequality in Australia is flourishing. The top one per cent of household wealth in Australia is moving toward being 20 per cent of total wealth, and the country is a preferred destination for millionaires. With a government that prefers to impoverish and vilify the disadvantaged and spend big on coal mines, this does not look likely to shift. But there are always other paths to social justice, and in Australia one may be through the millionaires - or at least the companies on which their fortunes are built.

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  • CARTOON

    Modern fairy tales

    • Fiona Katauskas
    • 15 May 2017
    3 Comments

    This week's offering from Eureka Street's award winning political cartoonist.

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  • ECONOMICS

    Budget's bank slug flouts the property precipice

    • David James
    • 09 May 2017
    3 Comments

    The $6.2 billion the government will raise through a levy on bank liabilities not only shows how out of favour banks have become, it is also, in effect, a de facto tax on property lending - a counterbalance to negative gearing and capital gains tax breaks. It is a tax on property lending because nearly all the banks' loans are mortgages for housing, or business loans secured with property. Of course the banks will pass the extra cost on to their customers, so it becomes a tax on borrowers.

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  • AUSTRALIA

    Marr withers 'White Queen' Pauline

    • Irfan Yusuf
    • 04 April 2017
    16 Comments

    Hanson doesn't pretend to be religious. Her anti-Islam agenda isn't inspired by some rightwing evangelical passion like Danny Nalliah's nor by a conservative moralistic Catholicism like Cory Bernardi's. But she clearly can feel the pulse of many in the electorate who worry about terrorism and national security. Hanson's politics really only work when there is a 'them' for 'us' to worry about. But where does she get this idea that Islam is not a religion but an ideology?

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  • ECONOMICS

    Deconstructing the privatisation scam

    • David James
    • 03 April 2017
    12 Comments

    It is increasingly evident how pernicious the privatisation myth is. Two recent examples have underlined it: the failings in Australia's privatised energy grid and the usurious pricing in airport car parks. Both demonstrated that it is folly to expect a public benefit to inevitably emerge from private profit seeking. The purpose of government funded public infrastructure is not to make profits but to lower the cost of doing business, sometimes called the socialisation of the means of production.

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  • AUSTRALIA

    Rethinking and reconstructing youth justice

    • Terry Laidler
    • 23 March 2017
    12 Comments

    Many of the kids in the juvenile justice system have been abused, come from dysfunctional families or state care, or have untreated behavioural or mental health problems. Warehousing them in punishing idleness and expecting passive compliance, let alone any recovery, is fanciful. I have begun to think about how we could respond to these kids in a holistic way, with a strong emphasis on prevention and diversion. These proposals relate to current the system in Victoria, but generalise easily.

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  • AUSTRALIA

    Japan's Olympic dream disrupts disaster recovery

    • Pepi Ronalds
    • 05 March 2017
    3 Comments

    This week marks the anniversary of the triple disaster (earthquake, tsunami and nuclear meltdown) that hit northern Japan on 11 March 2011. The event took over 18,000 lives, and initially displaced 470,000 people. Six years on, 127,000 are still without a permanent home. Delays have been caused by the sheer physical scope, pre-existing regulations and other restrictions. These are all understandable. What is less easy to accept are the disruptions caused by the 2020 Olympics in Tokyo.

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