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Keywords: Shareholders

  • ENVIRONMENT

    When cricket, work and Catholic teaching collide

    • Andrew Hamilton
    • 07 June 2017
    5 Comments

    To consider cricket as work would strike many people as odd. They would see it as a hobby, a recreation, a game or a calling. Professional sportspersons receive little attention in Catholic social thought, which is a pity because a Catholic understanding of work provides a helpful perspective. Its crucial insight is that work is a human activity, and that each human being is precious, unique and needs to be respected. Neither people nor work can be seen as means to an economic end, or as expendable.

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  • AUSTRALIA

    Building social justice through shareholder advocacy

    • 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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  • ECONOMICS

    Morality is back on the economic agenda

    • Andrew Hamilton
    • 20 September 2016
    4 Comments

    It is a welcome change to see budgets spoken of in moral terms. The government recently insisted on a moral responsibility to future generations to fix the deficit. And the Australian Catholic bishops welcomed on moral grounds the compromise that saw dropped from the budget measures which would further disadvantage vulnerable people. The difference was that the government's argument was focused on the budget, whereas the bishops' focused on particular groups of people.

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  • MEDIA

    No moral mystery to 60 minutes child snatch disaster

    • Ray Cassin
    • 27 April 2016
    10 Comments

    There have been attempts by some in the media to mount a moral justification of 60 Minutes' actions. At least they were trying to do the right thing, by helping a mother who would not have been denied custody in Australia But that opens another slimy can of worms. Do we think 60 Minutes would fund a child abduction in Australia, rather than a Muslim country with religious courts, however much the parent they were purporting to help might seem to have been denied custody unfairly?

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  • MEDIA

    CommInsure exposé proves spin doesn't always win

    • David James
    • 16 March 2016
    7 Comments

    Most spin doctors are either former journalists, who have personal experience in how the industry works. If a story appears in the media, it is more often than not because some spin merchants want it to be there. Happily, there are exceptions. Gold Walkley winner Adele Ferguson did a brilliant exposé of the insurance industry that was definitely not on any spin doctor's agenda. Indeed it was a demonstration that spin has its limitations if the journalist is skilled enough to get beyond the wall.

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  • AUSTRALIA

    Count the human cost of Australia's overseas mining interests

    • Fatima Measham
    • 07 March 2016
    3 Comments

    In 2012, a pregnant woman and two of her children were killed in their own home in Tampakan, on the southern Philippine island of Mindanao. Tampakan is the site of a new mine with Australian interests. The woman was the wife of a B'laan tribal leader agitating against the mine. Over recent years indigenous peoples of Mindanao been harassed, displaced and killed by militias, some allegedly with the imprimatur of the Philippine army. Much of this has passed without notice in Australia.

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  • ECONOMICS

    New app will breed capitalists, and that might be a good thing

    • Lucas Smith
    • 14 August 2015
    4 Comments

    G. K. Chesterton said that 'too much capitalism does not mean too many capitalists, but too few capitalists'. In our young century, we have lost capitalists, and wealth has coagulated to a seemingly smaller and smaller number of financiers, oligarchs and corporations. The stock market is where entrenched wealth is kept and made. An industry-shattering share-trading app is set to help deepen our pool of capitalists.

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  • AUSTRALIA

    The Government's inconsistent ethical argument for coal

    • Andrew Hamilton
    • 27 July 2015
    15 Comments

    The Federal Government's ethical argument for coal is that it is the most readily available and cheapest resource for generating electricity for the development of poorer countries. The structure of this argument based on our duty to the poor is significant. It assumes that governments, mining companies, banks and the people who invest in them a duty to consider the effects of their actions on people both in their own nations and in other nations.

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  • AUSTRALIA

    My personal climate change bind

    • Fatima Measham
    • 26 May 2015
    16 Comments

    Most people think that the effects of climate change as dire but far off. I don't have that comfort. My seafarer father plays a role in generating wealth for miners who then use it as a means to influence politicians - coal, industrial salt, iron ore. I am deeply aware that my government is committed to doing as little as possible to address climate change and its lack of a coherent, internationalist policy in Australia costs countries that are climate change-vulnerable, including where my family lives back in the Philippines.

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  • AUSTRALIA

    The things you can't get for free

    • Michael Mullins
    • 24 November 2014
    7 Comments

    Thanks to Senators Jacqui Lambie and Ricky Muir, we can once again trust our financial advisers. There are some things that are worth paying for. If somebody else pays for something, it's likely that we will get what they want, not what we need.

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  • RELIGION

    Which bishop is challenging the bank on fossil fuels?

    • Jill Sutton
    • 12 November 2014
    3 Comments

    There has been an avalanche of divestment, including from the Rockefellers and the ANU, as they discern a lack of concern for environmental, social and governance issues. Shareholders attending Wednesday’s Commonwealth Bank AGM will hear a resolution requesting more transparency about the bank’s fossil fuel investments. But the bank’s response can seem like a game whose rules only become clear to its participants as they play it. Banks and other powerful organisations can still exploit any lack of clarity. 

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  • ECONOMICS

    Who will feel better after Medibank privatisation?

    • David James
    • 13 October 2014
    7 Comments

    Federal Finance Minister Mathias Cormann announced 'the scoping study found no evidence that premiums would increase as a result of the sale' of Medibank Private. But the sale is being presented as a way to make the fund more efficient. If successful, Medibank Private will become even more dominant than it is at present and there will be pressure to raise premiums to achieve its purpose of keeping shareholders happy.

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