Search Results: banking

  • ECONOMICS

    The shareholders shall inherit the earth

    • David James
    • 08 November 2018
    1 Comment

    So here is a question. Which are you? A customer, a shareholder, a worker, a citizen, or, well, a whole human being? If you answered 'customer' then congratulations, you are in line with contemporary economic orthodoxy, and boy, have we got a society for you. If you answered 'a human being' then that really is a problem, I'm afraid.

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  • AUSTRALIA

    Harry and Meghan's Circus Oz

    • Megan Graham
    • 22 October 2018
    28 Comments

    I must admit, the royal family and all news related to them goes straight to the 'irrelevant' folder in my brain. A friend's Facebook post last week sums up my feelings about it. It was about people saying to her 'The royals are doing a wonderful job' and her rather perfect response: 'At what?!'

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  • EDUCATION

    A Catholic response to school funding fallacies

    • Dallas McInerney
    • 26 September 2018
    36 Comments

    If governments stopped supporting low-fee non-government schools, fees would rise. This would force parents to move their children to the free government school in the same suburb, and the non-government school would become unviable. Families would be denied their school of choice, and the bill for taxpayers would be greater.

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  • ECONOMICS

    Lehman Brothers and the next GFC

    • Binoy Kampmark
    • 13 September 2018
    2 Comments

    It has been a decade since the banking aristocracy Lehman Brothers filed for bankruptcy in what would be the chant of doom that became the Global Financial Crisis. Today, the legacy of Lehman Brothers and the crisis it helped precipitate supply warnings of the next shock.

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  • AUSTRALIA

    Banking on the common good

    • Andrew Hamilton
    • 15 August 2018
    7 Comments

    If trustees don't understand the meaning of trustworthiness, all the penalties in the world won't encourage them to act in a trustworthy manner. What is needed is conversion — the recognition that the good of each individual depends on their seeking the common good, and the determination to ensure that this vision permeates corporations.

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  • ECONOMICS

    Australia's deadly game of mates

    • David James
    • 14 August 2018
    6 Comments

    Murray and Frijters detail what they call Australia's 'grey corruption': the grubby nexus between 'James' (corrupt business people) and governments or regulators. The Jameses thrive at the expense of the 'Bruces': ordinary working people. The games of the corrupt elite now cost the 'Bruces' about half their wages.

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  • RELIGION

    Vatican pointers for banks royal commission

    • Andrew Hamilton
    • 30 May 2018
    15 Comments

    As the royal commission prepared to resume its hearings into financial services the Vatican released Oeconomicae et pecuniariae quaestiones, on the ethics of markets. Although written quite independently, passages of the document could have been mistaken for factual reporting of the royal commission.

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  • RELIGION

    A stringent critique of financial abuse

    • Bruce Duncan
    • 30 May 2018
    5 Comments

    The Vatican has launched a stringent critique of abuses in global economies, abuses that are driving astonishing inequality and threatening ecological sustainability. 'Oeconomicae et pecuniariae questiones' reiterates the call for an urgent dialogue between politics and economics to advance human life and wellbeing.

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  • RELIGION

    Accountability a virtue in churches and banks

    • John Warhurst
    • 22 May 2018
    33 Comments

    General apologies don't go far enough. Compensation is necessary, but also not enough. The reputation of the church would now be higher if there were more obvious signals of accountability by those in charge. The offer of resignation made as a group to Pope Francis by the entire Chilean hierarchy is a breath of fresh air.

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  • ECONOMICS

    Japan could lead the way in forgiving debt

    • David James
    • 14 May 2018
    4 Comments

    As the world economy groans under soaring levels of debt, the place to look is Japan, whose current government debt-to-GDP ratio is an eye watering 253 per cent. It is Japan, which led the developed world into this mess, that is likely to lead the world out of it by cancelling debt. The consequences of such a move would be far reaching.

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  • RELIGION

    Subverting idolatry in churches and banks

    • Andrew Hamilton
    • 02 May 2018
    31 Comments

    The banking royal commission has already come to resemble the earlier child abuse royal commission. To observers who share a personal and public-spirited interest in the decent functioning of institutions, the similarities invite reflection on why two apparently different forms of institution should behave in such similar ways.

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  • AUSTRALIA

    Turnbull's unfinished business for 2018

    • John Warhurst
    • 02 February 2018
    7 Comments

    There are opportunities for both sides of politics, government and opposition, in the leftovers from 2017. The balance looked to have shifted somewhat back towards the government in the final weeks of last year. The task of Malcolm Turnbull will be to begin the new year as he ended the last.

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