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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.
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.
The Society of Jesus in Victoria, Jesuit Communications Winter Raffle 2017. Drawn on Thursday 5 July 2018 (Permit No 10174/18 issued 16 April, 2018). Congratulations to the winners: 1st prize: Virginia Schneiders, VIC; 2nd prize: Peter Bowden, NSW; 3rd prize: Angela Widdison, VIC; and 4th prize: Ted Cotter NSW. Thank you to everyone who supported our Winter raffle. If you missed the opportunity to purchase raffle tickets but would like to support us financially, please consider making a donation.
Film buffs might regret there's not a more detailed technical breakdown of Bilcock's craft. Still it it is a warm-hearted tribute to the art of editing, the process by which a film takes its final form, often as different from what was shot as the footage isfrom the original script; and to one editor whose sense of character and audience is hailed by these directors as defining their films.
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.
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.
As the world economy groans under soaring levels of debt, the place to look is Japan, whose current government debt-to-GDP ratio is an eye watering 253 per cent. It is Japan, which led the developed world into this mess, that is likely to lead the world out of it by cancelling debt. The consequences of such a move would be far reaching.
On the surface budgets are exercises in financial accountability. At a deeper level they are best understood as a yearly ritual; one of the ways in which rulers acknowledge and try to manipulate truths about state power. We should evaluate these less on their stated intentions but with what the show of competence and generosity reveals.
The Turnbull government holds the view that tax relief for companies and middle-income earners is necessary to improve the economic prosperity of Australia, offering a financial hand up to households struggling to pay their bills. For those on Newstart, though, those same increased costs of living are being all but ignored.
While it is a matter of public record the Turnbull government blocked attempts to establish a royal commission into the financial services sector on multiple occasions, the question as to why, especially when it expeditiously facilitated a similar inquiry into corruption within the union movement, is of more than academic interest.
As the West flirts with starting World War III in Syria, it is worth examining some of the financial and business dynamics behind the US 'military industrial complex'. War may not be good business, but it is big business. And in contrast to Russia and China, the industry in the US is heavily privatised, including the use of mercenaries.
Whether Facebook fails or succeeds beyond the Cambridge Analytica scandal is somewhat beside the point - we are finally starting to have discussions about the desirability of their business model. Because of course, Facebook is not the only company that strip mines data with almost sociopathic disinterest.
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