Search Results: banks

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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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  • AUSTRALIA

    Fraser Anning's enemy twin

    • Susan Connelly
    • 16 August 2018
    3 Comments

    We see the occasional extreme Muslim cleric railing against the west. This week we witnessed a similar incident in Parliament, with a senator calling for a return to the White Australia policy and a ban on Muslim immigration. An insight of René Girard's assists in interpreting this incident and the resentment and fear which lies beneath it.

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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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  • ENVIRONMENT

    Among the ghosts of Chernobyl

    • Catherine Marshall
    • 14 August 2018
    4 Comments

    The earthworms and bees were the first to know, wrote Nobel laureate and Belarusian native Svetlana Alexievich. The bees stayed in their hives; the worms buried themselves so deep that fishermen digging for bait on the banks of the Pripyat River were perplexed that they couldn't find any. The humans were slower to learn.

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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

    Why powerful people behave badly

    • Conor Wynn
    • 05 July 2018
    12 Comments

    Pinning all the blame for poor behaviour on deliberate individual choice is a fundamental attribution error. We need to rise above the salacious gossip and the spectacle of corporate beheadings to understand what drives behaviour in powerful people, take a more reasoned approach and achieve sustainable change.

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  • RELIGION

    The sentencing of Archbishop Wilson

    • Frank Brennan
    • 03 July 2018
    74 Comments

    Philip Wilson has been sentenced to 12 months' detention for concealing child sexual abuse. It's very likely that he will appeal his conviction and sentence. An appeal may well succeed, but that's not the end of the matter. This has been a six-year saga relating to events which occurred more than 40 years ago. Emotions are running high.

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  • AUSTRALIA

    Civilisation beyond the con of neoliberalism

    • Andrew Hamilton
    • 25 June 2018
    35 Comments

    Just in time to arrest ponderous musings about Western Civilisation, up jumps Denniss' cheeky funeral oration for the neoliberal settlement. His target is the assumption that an economy based on unregulated competition between individuals will benefit society. He does not spend time arguing with the theory, but points to the results.

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  • AUSTRALIA

    Independents and micro party success stories

    • John Warhurst
    • 17 June 2018
    6 Comments

    The contrast between success and failure shows that successful independents and minor parties cannot just be based on major party disillusionment, creative election campaigns, or attractive candidates, but also on deep listening to and engaging with their communities which enable a positive and grounded alternative to be offered to voters.

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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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  • RELIGION

    Accountability a virtue in churches and banks

    • John Warhurst
    • 21 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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