Keywords: Commonwealth Bank
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ARTS AND CULTURE
- Yuan Changming
- 03 May 2016
6 Comments
No belief without a lie. No business without sin. No character without an act. No coffee without a fee. No courage without rage. No culture without a cult. No entrance without a trance. No epicenter without an epic. No Europe without a rope. No freedom without a reed. No friendship without an end. No fundamentalism without mental fun.
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RELIGION
- Andrew Hamilton
- 07 April 2016
19 Comments
How do good people sink to this? The answer lies in the mutation of economic ideology from the crude buccaneering spirit of doing whatever it takes to get rich into a more urbane form. People see themselves as competing, not only for their own economic benefit, but for that of the company. This means greed can mask itself as altruism in serving a larger good. And as in the case of churches, identification with the company provides reason for protecting the company's reputation at all costs.
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MEDIA
- 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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RELIGION
- Frank Brennan
- 25 January 2016
22 Comments
Hailing from Argentina, Francis puts his trust neither in ideological Communism nor in unbridled capitalism. We need to enhance international security, building the rule of law within multilateral organisations, and fostering the climate for investment sensitive to the triple bottom line - economic, social and environmental. I return from Rome grateful that we have a pope prepared to open these questions, accompanied by senior prelates happy to mix it with business and community leaders.
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AUSTRALIA
- Brian Toohey
- 27 March 2015
6 Comments
Although the age pension will cost about $49 billion in 2017-18, it is means tested. In contrast, superannuation concessions are heavily biased in favour of high income earners. Both sides of politics pander to the wealthy and the cosseted finance sector, which want certainty that nothing will stand in the way of their super bonanza.
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AUSTRALIA
- Brian Stacey
- 18 March 2015
6 Comments
In 2011 the Commonwealth set aside $10 million for the NT Government to provide for dialysis patients from remote communities in Central Australia. But the funds remain in the Commonwealth’s bank account, while the need is acute. Community organisations and others including Vinnies and Caritas are helping, but it’s shameful that the needs of one of Australia’s most vulnerable groups are still unmet long after funding has been allocated.
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RELIGION
- 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
- David James
- 08 September 2014
7 Comments
What is only now starting to come into focus is the extent to which the whole economy is in hock to house prices. A sharp fall in the housing market will put intense pressure on our major lending institutions, leading to a deeply depressing effect on all parts of the economy. The regulators, as ever, are taking a hands-off approach.
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ECONOMICS
As the Pope and economist Thomas Pikkety have observed in recent times, the inequity created by capitalism is a growing concern. But the problem with this argument is that 'capitalism' is too broad a term. The attack would be far better directed against the financialisation of developed economies. A new type of sovereign has emerged, and like all rulers they are cheerfully engaging in acts of plunder.
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AUSTRALIA
- Mike Bowden
- 19 November 2013
21 Comments
Jordan Jenkins, owner of the Tennant Creek Hotel, let the cat out of the bag: Tennant Creek is addicted. 'I mean, we are not going to go bankrupt so police can present stats to people,' he said. It seems the police are doing their job too well. Alcohol sales are declining. Profits are at risk. And so the liquor licensees of this remote town with a large Aboriginal population are pulling out of an alliance designed to reduce alcohol related harm.
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ECONOMICS
- David James
- 05 November 2013
2 Comments
Australia is very much the 'Noah's Ark' economy: two of everything. Consider the spate of industry sectors in which only two companies dominate: airlines (Virgin and Qantas); paper and packaging (Visy and Amcor); print media (News Corporation and Fairfax). The Federal Government's announcement that it will be launching a 'root and branch' review of Australia's competition law will, at the very least, make for a fascinating spectacle.
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AUSTRALIA
- Tony Smith
- 06 February 2013
11 Comments
The Labor Party's ethical problems are deep seated. Once it adopted pragmatism as its first principle, policy debates lost meaning. The ideological vacuum was filled by enslavement to poll driven politics and media images. The Left struggled to retain its influence and Labor's heart vanished. We should expect much more from our politicians.
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