Search Results: financial crisis

There are more than 200 results, only the first 200 are displayed here.

  • ECONOMICS

    Why the rich are getting richer

    • David James
    • 19 November 2014
    6 Comments

    Investing capital in the production of goods and services may create jobs, but it's not the best way to make money. It's more profitable to manipulate the financial system to create more money from money, which is why the finance sector does so well. The polarisation of wealth is less extreme in Australia, but we have our own capital-driven Ponzi scheme - the residential property market, which has become an exercise in making money out of money. 

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  • AUSTRALIA

    Pope's G20 hospital pass to Abbott

    • Andrew Hamilton
    • 14 November 2014
    18 Comments

    The news that Pope Francis has written a letter to Tony Abbott makes one pause. It is usual for Popes to write such letters, and luckily this one is no shirtfront. Instead it will probably be treated as a hospital pass. The trouble with swerving away from hospital passes, though, is that the watchers may see you as cowardly.

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  • INTERNATIONAL

    West Africa needs more international help to defeat Ebola

    • Robert Vitillo
    • 10 November 2014

    There is a general sense of psychological trauma and anger among the people, and a fear of social unrest and a return to civil war. In the communities in which quarantine has been imposed, people do not have access to food, clean water, and other necessities. The countries are depending on increased international assistance will prevent further spread of the virus and a reduction of irrational fear, stigma, and discrimination in local communities.

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  • AUSTRALIA

    Red tape leaves Australia with compassion deficit

    • Michael Mullins
    • 20 October 2014
    14 Comments

    Australia has been unable to secure an ‘ironclad’ guarantee from a closer country that it would treat an Australian worker who contracted the Ebola virus in West Africa. Why would they open their hearts to West African Ebola victims and not to Australians?  Thinking that imposes red tape on Australian humanitarian workers with demands of ironclad guarantees defies the logic of compassion.

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  • AUSTRALIA

    Hervey Bay boat arrival from Ireland

    • Frank Brennan
    • 22 September 2014
    5 Comments

    Considering my indebtedness to the two Aborigines who met [my family's ship arriving in Hervey Bay from Ireland] 151 years ago, I owe it to all my fellow Australians to agitate these issues of law, morality and politics here in Ireland so that back in Australia, the homeland which, in my religious tradition, was known as the Great South Land of the Holy Spirit.

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  • ECONOMICS

    Australia's delayed GFC

    • David James
    • 08 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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  • MARGARET DOOLEY AWARD

    Our future is public

    • Andy Lynch
    • 27 August 2014
    9 Comments

    The kind of Australia we live in today can be directly attributed to the kinds of institutions built 150 years ago - schools, universities, libraries, museums, and more. But in 2014 is it even possible to carve out new public institutions or give new life to those that have waned in relevance?

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  • ECONOMICS

    SMSFs offer 'pension fund socialism'

    • David James
    • 13 August 2014
    1 Comment

    In 1976 management thinker Peter Drucker said the real owners of the stock market were workers, through their pension funds. A similar broadening of ownership has occurred in Australia since the creation of compulsory superannuation. But intermediaries called fund managers still stood between the people and ultimate control of their financial destiny, until the rise of the Self Managed Super Fund (SMSF).

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  • AUSTRALIA

    The Norfolk Island solution

    • Andra Jackson
    • 04 August 2014
    25 Comments

    While the Federal Government continues to cast around for other Pacific nations and Cambodia to take in refugees held on Manus Island and Nauru, it has one ready solution right on its own doorstep. It is a place that has been calling out for help to counter its falling population and its prolonged economic crisis. It is an Australian territory and one that is already receiving Australia's financial support.

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  • ECONOMICS

    Commbank plunder part of new world economic order

    • David James
    • 07 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

    Why the excluded are still waiting

    • John Falzon
    • 01 July 2014
    29 Comments

    The Government's McClure interim welfare report is predicated on the big lie that welfare is the problem and the market is the solution. The long wait of the excluded for some of the wealth and resources, for some of the hope to trickle down, is one of the most audacious con jobs in modern history. It is not misfortune. It is not a mistake. It is not the fault of the excluded. It is an attack against ordinary people who are made to bear the burden of inequality.

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  • ECONOMICS

    Super's evil empire on shaky ground

    • Brian Toohey
    • 11 June 2014
    15 Comments

    The superannuation industry inhabits a cosseted world in which the money pours in thanks to a combination of government compulsion and tax concessions. The foundations of this empire are criticised for how the tax concessions create an expensive form of upper class welfare, and for the harmful effect of compulsory super's artificial expansion of the finance sector. The Abbott Government shows scant concern about either aspect.

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