Keywords: Finance
There are more than 200 results, only the first 200 are displayed here.
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ECONOMICS
- Collince Adienge
- 31 July 2017
7 Comments
When limitations are placed on an individual’s liberty some people will call it bureaucracy or tyranny; others will say that they have been denied an opportunity to make decisions. The common sense middle position is typically that freedoms should be protected if they do not infringe on other peoples’ rights.
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INTERNATIONAL
- Lesley Russell
- 22 July 2017
6 Comments
Obamacare, although imperfect, was soundly constructed and thoughtfully implemented. It has withstood constitutional challenges and survived endless Congressional votes to repeal and amend it. Republicans talk only about its problems and the Trump Administration has worked hard to sabotage it further, but the fact is that Obamacare is not in a 'death spiral'. It is working surprisingly well.
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ECONOMICS
One of the more interesting recent developments in finance has been the creation of Bitcoin and other crypto-currencies. They are being touted as a revolution in how we think and use money. Alternately, there are many who want to go in the opposite direction, back to the gold standard. Both sides have a common enemy: money whose value is determined by government dictate. Allowing governments to dictate in this way, they argue, is the core of the problem. To a significant extent, they are wrong.
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ECONOMICS
One thing that is rarely done is a literary-style analysis of the language used in finance and business. It can quickly reveal the sleight-of-hand, even outright deception, that plague these powerful sectors. To take one example, finance language heavily relies on water metaphors, which are deeply misleading. It is unlikely that this is done deliberately; it is more probably reification (making the intangible appear to be concrete). But its consequences have been, and remain, devastating.
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AUSTRALIA
- Ann Deslandes
- 26 May 2017
4 Comments
Wealth inequality in Australia is flourishing. The top one per cent of household wealth in Australia is moving toward being 20 per cent of total wealth, and the country is a preferred destination for millionaires. With a government that prefers to impoverish and vilify the disadvantaged and spend big on coal mines, this does not look likely to shift. But there are always other paths to social justice, and in Australia one may be through the millionaires - or at least the companies on which their fortunes are built.
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AUSTRALIA
I have never felt as uneasy in Australia as I do now. It extends through many areas of my life, from listening to the low level of our national debate about migration and refugees, to my long daily commute and the many high-profile incidents of racist incidents on public transport. The fact that 'micro parties' with overtly racist agendas are influencing major party messages, such as in Labor's recent 'Employ Australians First' advertisement, is concerning because it points to these parties' success.
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ECONOMICS
Fake news aside, increasingly, we live in a world of fake figures. There is a cliche in management that 'what gets measured gets done'. In public discourse that might be translated to 'what gets measured is considered real'. One obvious fake figure is GDP, which is taken as a measure of national wellbeing. In fact, it is just a measure of transactions. If money changes hands because something disastrous happens then GDP will rise. That is hardly an indicator of national wellbeing.
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AUSTRALIA
- Frank Brennan
- 10 April 2017
16 Comments
In an age of 'budget repair', social policy risks becoming just a sidebar to economic policy which is a contest of ideas about how best to grow the size of the pie thereby providing a slice for 'the deserving poor' without having to redistribute too much of the pie, while 'the undeserving poor' drop off the edge as they would have anyway. For those of us schooled in Catholic social teaching, the so-called 'undeserving poor' are the litmus test of our commitment to the human dignity of all persons.
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INTERNATIONAL
- Binoy Kampmark
- 10 March 2017
4 Comments
Each day is met by the same reports: electoral interference has supposedly taken place, instigated by Russian, or at the very least outsourced Russian entities, in the elections of Europe and the United States. Such claims assert, not merely the reality of these claims, but the nature of their influence. Such a stance detracts from one fundamental point: that the manipulation of electoral systems has been, and remains, common fare, irrespective of the finger pointing at Moscow.
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ENVIRONMENT
- Greg Foyster
- 23 February 2017
10 Comments
Australia's most politically contentious rock is back in the limelight after Prime Minister Turnbull spruiked 'clean coal' power stations in early February, and Scott Morrison brought a lump of the stuff to parliament. It was a juvenile act, but an effective one: here we are again, still talking about coal weeks later, when the real energy policy battle is over gas. But that's how it goes - a pitch for a new coal-fired power station in Australia is actually a clever exercise in repositioning gas as a greener fuel.
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AUSTRALIA
- Michael Walker
- 20 February 2017
20 Comments
The presidency of Donald Trump should bring a renewed focus on the dangers of unbridled capitalism. The Catholic Church has a rich trove of teachings on the subject that have been missing in action for the past 30 years. Now is the time for a well-articulated Christian message addressing such issues as widening wealth inequality fuelled by stagnant wage growth, the privatisation of public services, the financialisation of the economy (which fuels both of those trends), and tax justice.
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AUSTRALIA
- Kate Galloway
- 14 February 2017
7 Comments
The Australian Law Reform Commission inquiry into Indigenous incarceration in Australia recognises and validates widely held concerns. On the other hand, it also represents the abject failure of successive governments around the country to pay heed to what we do know about the incarceration of Aboriginal and Torres Strait Islander Australians, including the failure to implement the recommendations of the Royal Commission into Aboriginal Deaths in Custody.
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