Search Results: banks

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  • RELIGION

    Coal warriors targeting Pope Francis

    • Neil Ormerod
    • 14 July 2015
    29 Comments

    It is not surprising that The Australian should be leading the local pushback on the environmental encyclical Laudato Si'. What is surprising is that a Catholic priest - Fr James Grant - should be joining the chorus against the encyclical, initially in an IPA media release. His more recent contribution to The Australian is right out of the briefing notes supplied by the coal industry in its global public relations efforts to shore up its waning reputation. 

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  • ARTS AND CULTURE

    Two goats, a sheep and Grexit

    • Gillian Bouras
    • 30 June 2015
    4 Comments

    In the early hours of Saturday, Prime Minister Alexis Tsipras had announced a referendum for July 5. Whether the average Spiro and Soula has much idea of the macroeconomic issues seems doubtful. I certainly haven’t. And there is not much time for them or me to learn. Spiro and Soula and I are naturally concerned about the supply of ready cash.

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  • ECONOMICS

    The IMF has failed Greece

    • David James
    • 30 June 2015
    6 Comments

    International Monetary Fund prescriptions have a long history of failing, and countries that ignore them are often the ones that do surprisingly well. Few have been asked to be more servile than the Greeks. When the IMF came in with what is amusingly referred to as its austerity 'plan', the Greek economy was expected to grow at over 2 per cent. After the 'plan' had taken effect, the country’s economy had shrunk by a quarter.

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  • ARTS AND CULTURE

    Greeks suffer as leaders quarrel

    • Gillian Bouras
    • 22 June 2015
    6 Comments

    My youngest son, who lives in central Athens, is on the phone. ‘What do you think I should do with my money?’ he asks. The New York Times likens Europe and Greece to two prize-fighters, but I suspect that this is a male take on the matter. The women on the scene, Chancellor Angela Merkel and IMF chief Christine Lagarde, are more or less playing the part of the firm mother to naughty, quarrelling boys.  

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  • ARTS AND CULTURE

    Dubious revolutionary Russell Brand takes it to the banks

    • Tim Kroenert
    • 17 June 2015
    3 Comments

    Few would deny the comedian and self-styled revolutionary has fire in his belly. He wonders why, in the wake of recent financial crises, more bankers have not gone to prison. These are salient questions, and Brand doesn't baulk. But there is a touch of Bono about Brand: wealthy and egotistical, you have to wonder how much of his invective against 'the one per cent' is a case of the pot calling the kettle black.

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  • AUSTRALIA

    Roman holiday's graffiti highlight

    • Catherine Marshall
    • 04 June 2015
    1 Comment

    You can never see a city again for the very first time, and so instead I observe my son as the Rome he's heard about comes alive before his own eyes. His greatest fascination is not its stand-alone antiquities, but the graffiti that blooms all around them. To me, these are displays of vandalism; to him they are cultural constructs as important to modern subversives as gladiatorial contests were to the Romans.

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  • AUSTRALIA

    PM's super pitch needs solid policy foundation

    • Michael Mullins
    • 24 May 2015
    1 Comment

    Tony Abbott has warned voters that Bill Shorten has his eye on their retirement savings. He once praised the Nationals' Barnaby Joyce as a 'uniquely gifted retail politician'. But more attention to wholesaling - i.e. policy resources - would help to get both pensions and super concessions on to a more sustainable footing.

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  • AUSTRALIA

    Pope Francis' public shaming strategy

    • Michael Mullins
    • 12 April 2015
    10 Comments

    Francis is always ready to criticise unbridled capitalism, but he makes a point of not shaming particular tax dodgers or profiteers. Targeting individuals has become a thing in the age of social media, but those who are left alone are more likely to come forward and join the public conversation. Warren Buffett, one of the world's richest persons, did this when he declared that he paid less tax than his employees, and that he and his wealthy friends have been 'coddled long enough by a billionaire-friendly Congress'.

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  • AUSTRALIA

    The financial crisis the Government wants us to have

    • Colin Long
    • 08 February 2015
    19 Comments

    The Coalition Government falsely claims that Medicare co-payments and cuts to welfare and publicly funded institutions such as the CSIRO and the ABC are necessary to 'fix Labor's mess'. There are indeed structural problems with the economy, but essentially the plan is to strip the public sector by cutting universal access to a range of services that also includes tertiary education, to create a dominant free market that marginalises Australians on low incomes.

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  • ENVIRONMENT

    Australia out of step with Pope's climate action mission

    • Thea Ormerod
    • 26 January 2015
    33 Comments

    It is no coincidence that Pope Francis chose to visit the Philippines before he releases his encyclical on the environment, and that he made a point of visiting Tacloban, which was ground zero for super typhoon Haiyan. This follows the recent UN climate talks in Lima, where Australian negotiators so regularly blocked consensus that they won us the 'colossal fossil' award for 2014 from environmental observers.       

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  • AUSTRALIA

    Disruption of government business as a good

    • Andrew Hamilton
    • 26 November 2014
    15 Comments

    President Obama stole the G20 show with his mesmerising Queensland University address, after having dominated APEC with Xi Jinping and their climate change agreement. Such unrelated events challenge the belief that agendas can be centrally controlled, and that good governance is constituted by discipline and sole ownership of the agenda. More recently, the Senate has managed to call the shots and give priority to human good over ideology.

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  • AUSTRALIA

    The things you can't get for free

    • Michael Mullins
    • 23 November 2014
    7 Comments

    Thanks to Senators Jacqui Lambie and Ricky Muir, we can once again trust our financial advisers. There are some things that are worth paying for. If somebody else pays for something, it's likely that we will get what they want, not what we need.

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