Keywords: Banking Royal Commission
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AUSTRALIA
- James Massola
- 14 July 2023
5 Comments
Catherine Holmes' Royal Commission report exposes the staggering mismanagement and human cost of Australia's Robodebt scandal. The scheme burdened over 500,000 Australians with non-existent debts and is linked to at least three suicides. This report unravels the culture behind the disaster and the potential repercussions ahead.
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AUSTRALIA
- Joe Zabar
- 14 February 2023
2 Comments
The Robodebt Scheme promised billions in savings, but became a $1.8 billion failure labeled as 'a shameful chapter in public administration' by the Federal Court. The government was forced to settle a class action and wipe the debts of 381,000 people. Beyond the human cost, these failures point to a welfare system due for an upgrade.
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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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AUSTRALIA
- Cristy Clark
- 26 November 2020
5 Comments
This past weekend, I visited my grandparents in their residential aged care home. As usual, it was both lovely and utterly heartbreaking. Lovely, because I feel so lucky to be able to spend time with them, that they are still alive, their home is accepting visitors, and they still remember who I am. But, also, heartbreaking, because aging is tough, and living in residential aged care is tougher still, and this year, well, this year has made it all so much harder.
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MEDIA
- Isabelle Oderberg
- 13 March 2020
6 Comments
Most restaurants don’t grow all their own food. Of course, they can and may grow some produce, but their expertise is on the preparation, cooking and plating of the dish. They look to farmers to supply the raw ingredients. This is a pretty good analogy for the role of the national newswire, Australian Associated Press (AAP), which will be closing mid 2020.
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AUSTRALIA
- Joe Zabar
- 04 December 2019
4 Comments
In light of the banking royal commission and the government's work in developing a plethora of transparency and integrity measures, it beggars belief how Brian Hartzer and Angus Taylor could bring upon themselves and their respective institutions so much unwanted publicity.
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INTERNATIONAL
- Christine Burke
- 04 November 2019
4 Comments
Anyone interested in social justice knows that structures and systems can bolster the worst tendencies of human nature, can incubate 'social sin'. Korean friends, when asked if they live in fear of North Korea, almost always tell me 'we fear America more'. To me that seemed a bit of an overstatement. Now I understand their response.
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AUSTRALIA
- Alana Schetzer
- 14 June 2019
6 Comments
It's obvious — so clearly obvious — when politicians are avoiding being genuine and simply don't want to answer a question. It's tiresome. It's boring. And people are tired of politicians assuming they can't tell the difference between an honest answer and a slogan or 'blame game'.
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ECONOMICS
- R. P. Lim
- 07 February 2019
2 Comments
Hayne's report brings into play ideas surrounding collective humanistic values and goals, and natural law principles based on commonly understood ethics and moral standards. What is striking is how the financial services industry has dehumanised consumers, and those within the industry providing the services at the frontline.
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AUSTRALIA
- Moira Rayner
- 07 February 2019
9 Comments
An academic friend of mine made a dilligent and well-argued case that Hayne had failed in his task to 'tackle bank structure'. With the greatest of respect, this was not the job Hayne had to do. To imagine otherwise is to misunderstand both the law, and what it is 'meant' to do in the hands of those who are judicially trained.
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AUSTRALIA
- John Warhurst
- 04 February 2019
10 Comments
Kenneth Hayne's royal commission into the financial sector has named, shamed and excoriated banks, regulators, insurance companies and other financial services businesses to the extent that you would think they are now extremely vulnerable and universally unloved. That would be a mistake.
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ECONOMICS
- Colin Long
- 18 January 2019
6 Comments
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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