Search Results: financial crisis

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

  • ECONOMICS

    What are banks for?

    • Colin Long
    • 18 January 2019

    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

    The true lesson of capitalism

    • David James
    • 15 January 2019
    1 Comment

    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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  • ECONOMICS

    Compound interest is the root of banks' evil

    • David James
    • 04 December 2018
    7 Comments

    The problem goes much deeper than a few crooked operatives and it will not be fixed by changing the corporate 'culture'. The fundamental evil is the arithmetic of compound interest. Interest on debt rises exponentially, while economic activity is linear. That means that sooner or later those in a weaker position are unable to pay.

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  • INTERNATIONAL

    Waking up to homelessness

    • Gillian Bouras
    • 19 October 2018
    11 Comments

    In London of the 1990s, I observed people sleeping under bridges, on doorsteps, in cardboard boxes. How they survived the winters, I never knew, and I suppose many didn't. Since the beginning of Greece's financial crisis in 2008 and the influx of refugees from the Middle East, similar scenes can now be seen in Athens.

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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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  • INTERNATIONAL

    Dress sense or political statement? It's a tie

    • Gillian Bouras
    • 03 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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  • RELIGION

    Policy vs penance amid US church crisis

    • Jim McDermott
    • 21 August 2018
    22 Comments

    The idea of some sort of communal action by bishops does speak to the deepest desire of many if not most US Catholics: that leaders of the US Church might finally take responsibility for their actions, and demonstrate that the pastoral needs of their people and the Church are more important than their own status or position.

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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

    Catholic churches confront housing crisis

    • Claire-Anne Willis and Denis Fitzgerald
    • 20 July 2018
    4 Comments

    The demand for social housing and the substantial Church investment in land means that housing should remain a significant priority of the Catholic Church in Australia. It is an injustice for some to have more than enough while others lack bare necessities. Compassionate and fair leadership needs to drive social change.

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  • ECONOMICS

    Trump's trade attack is off track

    • David James
    • 18 July 2018
    2 Comments

    Trump's destruction of the architecture of international trade agreements and reversion to protectionism will expose the complexity of globalisation, but is unlikely to have the effect he is aiming at, which is to bring investment capital, and jobs, back to his country.

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  • INTERNATIONAL

    New responses to global humanitarian crises

    • Denis Dragovic
    • 29 June 2018
    3 Comments

    A few years ago, I travelled back to the war zones where I had worked providing humanitarian assistance to see what happened to the people and projects. I realised then that some things need to change. One of them is that we need to give communities who have borne the brunt of wars more time to recover.

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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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