Search Results: finance

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  • AUSTRALIA

    'Vigilante' applies to the government more than environmentalists

    • Fatima Measham
    • 23 August 2015
    10 Comments

    The epithets used against environment groups have been extraordinary after a judge of the Federal Court set aside Environment Minister Greg Hunt's approval of the Adani thermal coal mine. Perhaps legislation has always been an instrument for ideological agendas, but the compulsion and ease with which the Coalition has taken to the law to restrict scrutiny doesn't bode well for us. 

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  • AUSTRALIA

    Nanny state Australia could learn from Europe

    • Cam Hassard
    • 20 August 2015
    17 Comments

    After almost two years living abroad in Germany, I have observed a stark difference in how European societies strike a balance between legislative oversight and individual freedom. More or less anything is tolerated here, as long as you respect the rights and freedoms of others. Tolerance and 'least intervention' thrive on personal responsibility and eschew knee-jerk intervention. 

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  • ECONOMICS

    New app will breed capitalists, and that might be a good thing

    • Lucas Smith
    • 13 August 2015
    4 Comments

    G. K. Chesterton said that 'too much capitalism does not mean too many capitalists, but too few capitalists'. In our young century, we have lost capitalists, and wealth has coagulated to a seemingly smaller and smaller number of financiers, oligarchs and corporations. The stock market is where entrenched wealth is kept and made. An industry-shattering share-trading app is set to help deepen our pool of capitalists.

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  • Homily for the Feast of St Ignatius Loyola

    • Frank Brennan
    • 02 August 2015
    1 Comment

    I am one of those Jesuits who sometimes has been perceived as not being sufficiently loyal to the church hierarchy. From time to time, people of good will have urged me to consider Ignatius' rules for thinking with the Church which are appended to his Spiritual Exercises. The stereotypical view of those rules is often summed up by quoting the first sentence of the 13th rule: 'To keep ourselves right in all things, we ought to hold fast to this principle: What I see as white, I would believe to be black if the hierarchical Church would thus determine it.' But life was not ever that simple, even in the time of Ignatius. Feast of St Ignatius homily by Frank Brennan

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  • ECONOMICS

    Rich retirees may need the aged pension

    • David James
    • 30 July 2015
    6 Comments

    There has been great pressure on both of the major political parties to stop giving so-called rich retirees partial pension income. The conventional view has become that retired millionaires should not be feeding off the public teat. But in terms of income, many of those 'rich retirees' would actually be better off on the pension.

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  • AUSTRALIA

    Political donations reform is not so easy

    • Jack Maxwell
    • 28 July 2015
    5 Comments

    Political donations give privileged access to powerful public officials to those who are wealthy. But public funding does little to reduce parties’ reliance on private money and radical control measures can fall foul of the Constitution. A 2013 High Court judgment finding that a ban on donations infringed the constitutional freedom of political communication.

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  • AUSTRALIA

    Pope's pungent pontification against greed

    • Andrew Hamilton
    • 19 July 2015
    14 Comments

    As high level negotiators left the air foetid in Europe and Australia, South America was scented rather more freshly, with Pope Francis ahead in the stakes of providing hope for humanity. He delivered a fiery denunciation of modern capitalism, declaring modern capitalism's 'unfettered pursuit of money' the 'dung of the devil' and accusing world leaders of 'cowardice' for refusing to defend the earth from exploitation.

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  • The challenge of education for social justice

    • Frank Brennan
    • 07 July 2015
    3 Comments

    I suspect Pope Francis had some of our Jesuit alumni in mind when he wrote in his encyclical Laudato Si: 'A politics concerned with immediate results, supported by consumerist sectors of the population, is driven to produce short-term growth... True statecraft is manifest when, in difficult times, we uphold high principles and think of the long-term common good. Political powers do not find it easy to assume this duty'.

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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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  • AUSTRALIA

    Fossil fuel divestment economics in line with morality

    • Michael Mullins
    • 31 May 2015
    3 Comments

    The Norwegian Parliament has just ordered its $A1.15 trillion Sovereign Wealth Fund to divest from coal. This represents the largest single divestment from fossil fuels in human history, and our biggest sign yet that the age of coal is over and the financial case for investing in fossil fuels is likely to disintegrate. Australia will crash and burn both economically and morally if we do not follow suit.

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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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