Search Results: finance

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  • ECONOMICS

    Lehman Brothers and the next GFC

    • Binoy Kampmark
    • 12 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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  • INTERNATIONAL

    Dress sense or political statement? It's a tie

    • Gillian Bouras
    • 02 September 2018
    10 Comments

    Collars and ties, or lack of them, can have a specific political application. In 2007 Robert Mugabe, fearsome Zimbabwean dictator, was invited to an EU summit in Lisbon. The Anglican Archbishop of York, John Sentamu, cut up his clerical collar on television and vowed to replace it only after Mugabe had gone.

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  • AUSTRALIA

    Banking on the common good

    • Andrew Hamilton
    • 14 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
    • 13 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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  • AUSTRALIA

    When healthcare is a remedy for cruelty

    • Sheila Ngoc Pham
    • 29 July 2018
    3 Comments

    Australia's healthcare system reflects some of our best values, which surely demands we think about how we can make it work better. We need to ensure care is extended beyond our immediate communities, because we're all interconnected — including asylum seekers on Manus and Nauru.

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  • EDUCATION

    Academics tangle with managerial oppressors

    • David James
    • 13 June 2018
    15 Comments

    The imposition of 'managerialism' or 'marketisation' on universities is disastrous. So why are academics so passive when their working lives are being immiserated by the imposition of ideas, mostly derived from business or economics, that are either patently false or poor?

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  • RELIGION

    Vatican pointers for banks royal commission

    • Andrew Hamilton
    • 29 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
    • 29 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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  • AUSTRALIA

    Budget slights domestic violence services

    • Eliza Berlage
    • 14 May 2018
    6 Comments

    Every year around the International Day for the Elimination of Violence Against Women, politicians with white ribbons pinned to their suits deliver passionate speeches about protecting women from domestic violence. But when it comes to implementing life saving measures, their lack of action speaks louder than words.

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  • ENVIRONMENT

    Renters suffer rooftop inequality

    • Greg Foyster
    • 13 May 2018
    9 Comments

    This is Australia's looming inequality issue. Those who can take advantage of the energy revolution will have lower bills and more comfortable living conditions during the frequent extreme weather events we'll experience with climate change. Those who can't will be left reliant on a dirty, aging and increasingly expensive electricity grid.

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  • ECONOMICS

    Japan could lead the way in forgiving debt

    • David James
    • 13 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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  • ENVIRONMENT

    The fight to make water a human right

    • Cristy Clark
    • 02 May 2018
    2 Comments

    In 2010, the UN General Assembly and Human Rights Council recognised a human right to water, guaranteeing access for everyone to 'sufficient, safe, acceptable, physically accessible and affordable water for personal and domestic uses'. Eight years on, it is past time that Australia incorporated this right into domestic law.

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