Search Results: banks
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AUSTRALIA
- Glenn Loughrey
- 14 December 2022
1 Comment
In reflecting upon the Statement from the Heart, we need to explore what it is, what it is not, and how it works. The creative dynamic of the Statement is that it is a tool of justice and heart-healing. It is restorative justice writ large, involving the elements that make up the process leading to a resolution of the past and a creative response to the future by enacting justice in the present.
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AUSTRALIA
- Andrew Hamilton
- 24 November 2022
6 Comments
This year's International Day for the Elimination of Violence against Women is particularly significant because it follows shortly after the release of the National Plan to End Violence against Women and Children, a ten year project to eliminate violence against women in a generation. Of course, large initial hopes may be disappointed, but the implementation of plans is always the most difficult challenge.
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ECONOMICS
- David James
- 16 November 2022
1 Comment
Financial markets are made up of human beings and human beings have always been storytellers — long before science, or modern finance, or accounting even existed. Accordingly, the main skill of successful analysts, advisers, financial gurus and commentators is the construction of compelling narratives. They are, if not exactly creators of fairy stories, not too far removed from it.
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AUSTRALIA
- David Halliday
- 14 November 2022
How much financial strain can a system tolerate? With families simultaneously staring down the four horsemen of wage stagnation, higher prices of goods, higher bills, and higher mortgage repayments, something’s got to give.
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ARTS AND CULTURE
- Andrew Hamilton
- 11 November 2022
3 Comments
In Justice in Kelly Country, author Lachlan Strahan writes on the life of his great-great-grandfather, a policeman whose career stretched over thirty years. When a significant part of that story is intermeshed with such a fiercely contested story as Ned Kelly’s, telling it introduces the further complexities of the writer’s sympathies and judgments.
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ECONOMICS
- David James
- 18 October 2022
3 Comments
The world is facing cross-currents: a collapsing financial system that is balanced by the benefits of massive, long term improvements in production efficiencies, mainly because of technological advances. It is a bad news/good news story that can only be seen accurately if the intractable errors of contemporary economics are jettisoned. We are in a battle between finance fictions and reality.
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ENVIRONMENT
- Andrew Hamilton
- 01 September 2022
2 Comments
To address climate change demands concerned action that is built on people working together for the good of all. This in turn demands the recognition that the environment is not something different from us but part of us. Our personal good depends on the common good of our world.
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ECONOMICS
- David James
- 23 August 2022
4 Comments
Now that it is becoming hard to avoid just how much trouble the global financial system is in, it is interesting to speculate about what should be done about it. The first thing to understand about the global financial system is that the assumptions that were used to shape it are demonstrably false.
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ARTS AND CULTURE
- Cherie Gilmour
- 02 August 2022
4 Comments
We all know the Internet can be a seething cesspool of vitriol, so the presence of heart-warming videos of people slipping $20 into someone’s coat pocket or randomly complimenting a stranger, even the ubiquitous handing out of flowers, is largely welcome. But is this actually kindness? If an act of kindness happens and no one is there to film it, did it really happen?
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ECONOMICS
Monetary authorities are caught in an impossible situation. Inflation is rising: it is over 5 per cent in Australia and over 9 per cent in the United States. Inflation is often seen as a way out of excessive debt because it erodes the real value of money and therefore the real value of the debt. But what is increasingly being discussed are ways to cancel the debt.
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ECONOMICS
The question that should be posed is how effective has the Reserve Bank been at ‘managing’ the economy and financial system? ‘Not very’, has to be the answer. Not that the RBA is alone. The same pattern has been seen across the developed world. Central banks have one weapon at their disposal, the cost of money (the interest rate), and there is not much evidence they have used this tool to make their systems sustainable. Mostly, they have made matters worse.
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AUSTRALIA
Concern about political malfeasance in Australian politics was one of the issues that drove the influx of new members (mainly women) into the Australian Parliament on 21 May, and they are promising a raft of reforms. The astounding thing is that we managed to leverage the change of 21 May 2022 within the confines of a system that inherently favours the status quo, the preferential voting system tending to channel votes back to the major parties.
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