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Keywords: Banking Royal Commission

  • ECONOMICS

    Why debt forgiveness may be inevitable

    • David James
    • 25 July 2022
    3 Comments

    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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  • AUSTRALIA

    Can the Class of '22 fix Australian Democracy?

    • Tim Dunlop
    • 22 June 2022
    5 Comments

    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

    Are we respecting our elders?

    • 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

    AAP is a vital supplier of Australian journalism

    • 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

    Shaking faith: the Taylor and Westpac scandals

    • 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

    On power and Koreans' American fear

    • 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

    Voters are awake to politics' game of yawns

    • 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

    Breaking down Hayne's humanistic report

    • 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

    In praise of unsmiling Hayne

    • 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

    Banks remain protected species

    • 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

    What are banks for?

    • 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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  • ECONOMICS

    On banks and bonuses

    • Andrew Hamilton
    • 16 January 2019
    6 Comments

    One of the issues raised at the royal commission into banks was the size of salaries and bonuses paid to senior staff. Subsequent discussion has tripped lightly around the issue. The larger question is whether it is in the best interests of financial institutions to offer to its senior officers huge salaries and bonuses.

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