Search Results: banking

  • AUSTRALIA

    Voters are awake to politics' game of yawns

    • Alana Schetzer
    • 14 June 2019
    6 Comments

    It's obvious — so clearly obvious — when politicians are avoiding being genuine and simply don't want to answer a question. It's tiresome. It's boring. And people are tired of politicians assuming they can't tell the difference between an honest answer and a slogan or 'blame game'.

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  • AUSTRALIA

    Don't move to New Zealand, stay and fight

    • Brenna Dempsey
    • 20 May 2019
    34 Comments

    My social media feeds were awash with posts from my friends — many of whom are queer, disabled or on low incomes — worrying about their futures and the future of our earth. I saw countless posts with people saying 'That's it, I'm moving to NZ'. I completely understand the desire people had to give up — I felt it too.

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  • AUSTRALIA

    Tech obsession leaves elderly on the sidelines

    • Michele Frankeni
    • 30 April 2019
    12 Comments

    It's not just government departments that are making life difficult for those without internet access. Many elderly people have the time and inclination to volunteer for different organisations and causes, but come up against a number of rules that block their ability to give their time.

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  • AUSTRALIA

    My Newstart conundrum

    • Andrew McAlister
    • 26 April 2019
    16 Comments

    My JAP informed me I was required to do 21 hours per week of Mutual Obligation activity, in addition to looking for work. They assured me the 21 hours would help me remain focused on the task of finding work. I replied I would now have to stop doing the things that were keeping me motivated to satisfy my Mutual Obligation requirements.

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  • ECONOMICS

    Charity is no substitute for justice

    • John Falzon
    • 22 March 2019
    13 Comments

    The work of charities, including the generous work of volunteers, should not be a means of letting governments off the hook. People do not want to have to rely on charity; they want to be able to count on justice. And charity is never a substitute for justice. But it becomes so when governments abrogate their responsibilities.

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  • ECONOMICS

    Breaking down Hayne's humanistic report

    • R. P. Lim
    • 07 February 2019
    2 Comments

    Hayne's report brings into play ideas surrounding collective humanistic values and goals, and natural law principles based on commonly understood ethics and moral standards. What is striking is how the financial services industry has dehumanised consumers, and those within the industry providing the services at the frontline.

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  • AUSTRALIA

    In praise of unsmiling Hayne

    • Moira Rayner
    • 07 February 2019
    9 Comments

    An academic friend of mine made a dilligent and well-argued case that Hayne had failed in his task to 'tackle bank structure'. With the greatest of respect, this was not the job Hayne had to do. To imagine otherwise is to misunderstand both the law, and what it is 'meant' to do in the hands of those who are judicially trained.

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  • AUSTRALIA

    Banks remain protected species

    • John Warhurst
    • 04 February 2019
    10 Comments

    Kenneth Hayne's royal commission into the financial sector has named, shamed and excoriated banks, regulators, insurance companies and other financial services businesses to the extent that you would think they are now extremely vulnerable and universally unloved. That would be a mistake.

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  • AUSTRALIA

    We need leaders who are smarter on data

    • Kate Galloway
    • 29 January 2019
    1 Comment

    Transitioning to a networked world replete with data is a challenging task. Our parliamentarians have a duty to appraise themselves of the basics of human rights, data ethics, and the technological frameworks that will deliver good governance. Until then, we will be left lurching from one technology omnishambles to the next.

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  • ECONOMICS

    What are banks for?

    • Colin Long
    • 18 January 2019
    6 Comments

    The opening of the finance sector to scrutiny provides an opportunity to examine its position in the structure of the Australian political-economy, and, most importantly, to make the changes necessary to place it at the service of the people, rather than allowing it to continue to prey on us.

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  • ECONOMICS

    On banks and bonuses

    • Andrew Hamilton
    • 16 January 2019
    6 Comments

    One of the issues raised at the royal commission into banks was the size of salaries and bonuses paid to senior staff. Subsequent discussion has tripped lightly around the issue. The larger question is whether it is in the best interests of financial institutions to offer to its senior officers huge salaries and bonuses.

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  • ECONOMICS

    The true lesson of capitalism

    • David James
    • 15 January 2019
    2 Comments

    One of the most basic distinctions in finance, with which any stockbroker or fund manager is familiar, is that between equity and debt. As the global economy teeters on the edge of a debt and banking crisis, with global debt more than 300 per cent of global GDP, the merits of equity is something that needs to be better understood.

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