Search Results: financial crisis

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

  • ECONOMICS

    Abbott and Hockey more Prince John than Robin Hood

    • David James
    • 05 May 2014
    11 Comments

    In politics, one should never opt for a balanced and thoughtful description of the truth when wild exaggerations will do. Especially when you want to take from the poor and give to, if not exactly the rich, at least the investor class. The dire pronouncements from the Abbott Government in response to the Commission of Audit's 86 recommendations reflect not only the PM's relentless negativity, but also more than a whiff of class war.

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  • ECONOMICS

    Financial advisers can be more than bookies

    • David James
    • 26 March 2014
    6 Comments

    Removing the requirement that financial advisers act in the best interest of their clients will reveal financial advisers for what they really are: salespeople for the banks' wealth management platforms. Tony Abbott argues that the changes will remove 'red tape' and declaimed: 'We're creating the biggest bonfire of regulations in our country's history.' This is a duplicitous use of language that misunderstands how the finance sector works.

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  • RELIGION

    Church abuse crisis and the law

    • Carmel Ross
    • 14 March 2014
    23 Comments

    Reports from the Royal Commission this week have focused on the efforts of John Ellis to have his experience of sexual abuse as a teenage boy, perpetrated by a Catholic priest, acknowledged and adequately addressed by the Church. The finding by the High Court that Australian law as it stands does not allow an individual to sue the Catholic Church is an untenable situation if our nation believes justice for individuals is important.

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  • ENVIRONMENT

    Coal hard facts for religious investors

    • Neil Ormerod
    • 11 February 2014
    12 Comments

    The international movement to divest from investment in fossil fuels is gathering momentum. Investors are starting to realise that as governments act to restrain fossil fuel consumption, fossil fuel companies will find their assets being written down. This is particularly pertinent to Australia, the second largest coal exporter. And it raises questions for Australian religious bodies about the prudent and moral use of their resources.

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  • ECONOMICS

    Don't rob the poor to pay the rich

    • Bruce Duncan
    • 04 February 2014
    14 Comments

    The budget problems are not caused by Newstart or disability pensions, which have been declining as a proportion of economic activity. Had the Howard Government not been so generous with its tax cuts to upper and middle income groups, there would today be no budget deficit.

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  • ARTS AND CULTURE

    The joke is on Wall Street

    • Tim Kroenert
    • 23 January 2014
    5 Comments

    If ultimately Belfort's comeuppance for his innumerable evils is modest, and his lessons remain unlearned, it is deeply and frighteningly ironic, in a way that has parallels in the real world. The global financial crisis resulted precisely from the kind of unbridled amorality that the characters in The Wolf of Wall Street gleefully embrace. Money is their morality. Lives are left battered and bruised, but the Wall Street party keeps raging on.

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  • AUSTRALIA

    Best of 2013: Australian democracy needs an intrusion of the excluded

    • John Falzon
    • 16 January 2014
    1 Comment

    Kevin Rudd says we need a 'new politics' or a 'new way'. Tony Abbott says we'll only get a new way by electing a new government. What is missing in both statements is the recognition that what we actually need is a new kind of economic democracy: a reconfiguration of our economic prioritising away from individualism towards the common good, and towards the participation of all rather than the exclusion of many.

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  • INTERNATIONAL

    Best of 2013: Margaret Thatcher versus the Scots

    • Duncan MacLaren
    • 10 January 2014

    While any man's death diminishes me because I am involved in mankind', I must admit to pouring a glass of good malt at the news of Thatcher's passing. The Southern English may laud her as the greatest prime minister after Churchill but for us Scots she was a hate figure who in the last days of her premiership scarcely dared to cross the border for fear of being assassinated.

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  • AUSTRALIA

    Without jobs we're Scrooged

    • Michael Mullins
    • 16 December 2013
    9 Comments

    Pope Francis says: 'Work means dignity, work means taking food home, work means loving!' Some commentators criticise the government for taking an active role in maintaining employment through subsidising unprofitable industries. They miss the point that it's the government's job to promote the wellbeing of the people, and having a job is so fundamental to living in modern society.

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  • AUSTRALIA

    Who killed the car industry?

    • Ray Cassin
    • 13 December 2013
    33 Comments

    The immediate responsibility for this looming economic disaster rests with the Abbott Government, and not merely because of its use of a bullying speech in Parliament by the Treasurer, Joe Hockey, to goad Holden into announcing a decision that its masters in Detroit had probably already taken. In the longer term, this should be seen as a bipartisan disaster. What happened this week was the culmination of a process that began under Hawke.

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  • AUSTRALIA

    Victoria's path to child sex abuse prosecution

    • Ray Cassin
    • 14 November 2013
    10 Comments

    If the Catholic Church is mentioned frequently in the report of the Victorian parliamentary inquiry into the sexual abuse of children, Catholics and their leaders can hardly complain. Among the churches scrutinised by the committee, only the Salvation Army has an even remotely comparable record of abuse. The Napthine Government should implement the inquiry's recommendations — with one exception.

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  • RELIGION

    This time in the Church

    • Frank Brennan
    • 12 November 2013
    5 Comments

    'Having thrown off the shackles of compulsion endured by pre-Vatican II Catholics, we relish that we come to the table not because we are forced, not because of social expectations, not because of the mindset of the mob, but because we are graciously called and freely responding.' Frank Brennan's Camino Address, Parish of Our Lady of the Way North Sydney, 12 November 2013

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