Keywords: Fina
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ARTS AND CULTURE
- Tim Kroenert
- 25 August 2016
War Dogs is the latest in a string of films from the past few years that are custom made for our cynical times; deeply ironic black comedies and dramas featuring antiheroes who profit to the point of excess off the misery of others. Where those films dealt with the finance industry and gained relevance from the backdrop of the Global Financial Crisis, this one shifts focus to the grimier world of arms dealing, in the context of Bush era conflict in Iraq and Afghanistan.
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INTERNATIONAL
- David James
- 09 August 2016
15 Comments
The main legislative catalyst for the GFC was the repeal, in 1999 by Bill Clinton, of the Glass Steagall Act, which had prohibited commercial banks from engaging in the investment business. This allowed the investment banks to indulge in the debauch of financial invention that almost destroyed the world's monetary system. Trump has made the reinstatement of Glass Steagall official policy. Should that happen, it could be the most beneficial development in the global financial system for decades.
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INTERNATIONAL
- Frank Brennan
- 26 July 2016
3 Comments
John traces the political ascent and descent of Sturzo whose first public office was as mayor of his own town. The chapter headings mark each step up and down the Everest of Italy's experiment with democracy and fascism: the emergence of political Catholicism in Italy; the dream takes shape; democracy without direction; democracy in decline; the search for a leader; the stick and the carrot; the voice of the watchman; and enter the night. Sturzo goes into exile; Mussolini takes over; and the Vatican is well pleased because the Roman Question is finally resolved in 1929 with the Lateran Treaties negotiated by Mussolini and Pope Pius XI, each of whom got what they were looking for.
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AUSTRALIA
- Catherine Marshall
- 24 June 2016
5 Comments
Facing his first election as leader of the Coalition, Turnbull announced that, if reelected, his party would spend $54 million on continuous glucose monitors for up to 4000 Type 1 diabetics under the age of 21. This impressive promise was a lightning rod to the children and small number of adults diagnosed each year with Type 1 diabetes. But it comes too late for Donna Meads-Barlow, who has campaigned tirelessly for government funding for CGMs, and upon whose efforts the government has finally taken action.
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ECONOMICS
There is little doubt that the means to dramatically reduce the amount of pollution produced by developed economies is already theoretically available. It is perfectly possible to redesign industrial systems so that they do not pollute and do not consume finite resources at a rate that is unsustainable. But it requires a radical shift - and the biggest barrier to that shift occurring, the financial markets, is barely even mentioned in discussions of the challenge.
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ARTS AND CULTURE
- Suvi Mahonen
- 01 June 2016
5 Comments
'Hi,' the text began. 'Just letting you know there's no pilates tonight. We're all going to The Hub to C an indie music jam. C U next week?' I put my phone down and stared numbly around my kitchen. Dirty dishes jammed the sink. My toddler's banana was smeared all over the fridge door, but I couldn't gather the energy to wipe it clean. I knew I was lucky to have everything I'd worked for - family, a new apartment, financial stability - but I also knew I had never felt so lonely. 'C U next week.'
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RELIGION
- Andrew Hamilton
- 19 May 2016
13 Comments
The bishops speak less trenchantly than Pope Francis, who criticises sharply the assumptions and practices of neoliberal economics. But in the context of this election, they add their voice to that of those who are concerned about economic assumptions that enrich the few and exempt corporations and business from social responsibility. Their statement will encourage those who see the now notorious behaviour of banks, finance business and corporations as symptomatic of a vicious economic ideology.
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AUSTRALIA
- John Warhurst
- 06 May 2016
12 Comments
It was a political budget in a special sense, given the forthcoming election. Yet it turned out to be neither an election-winning nor election-losing budget. It was more continuity than change. In that sense it probably was the best the government could hope for given the nation's economic and financial circumstances. However it falls far short of the sort of budget that might have been expected from a prime minister like Malcolm Turnbull whose image is one off a 'big picture man'.
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AUSTRALIA
- Frank O'Shea
- 22 April 2016
18 Comments
What is the biggest number you can visualise? You can probably picture a crowd of 100,000, either because you were once part of such a crowd or have seen shots of a full MCG on Grand Final day. But what about ten times as many, or 1000 times ten times? Now we are talking billions, and your mind has likely gone into what computer programmers call overflow. So when we read that the cost of replacing our six subs with 12 new ones will be $20 billion, it means little to us: it's just a number.
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ECONOMICS
- David James
- 18 April 2016
11 Comments
Three finance-related events are currently gaining great attention in the media. One is the so-called Panama Papers. Another is the proposal to have a royal commission into the banks. And a third is the furore over the unaffordability of homes and the debate over negative gearing. On the surface they would seem to be quite separate issues. But all three issues demonstrate yet again that banks are, if not the most malign organisations on the planet, then certainly among the most dangerous.
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AUSTRALIA
- Frank Brennan
- 15 April 2016
21 Comments
The royal commission into Aboriginal deaths in custody, which signed off on its final reports 25 years ago this Friday, definitely improved the systems for supervision of persons in detention, reducing the risk of deaths in custody. It also led to better coronial procedures. But it failed to reverse Indigenous imprisonment rates and it did little to counter the underlying causes of Indigenous imprisonment. Back then, Patrick Dodson saw police as the main problem. Now, he thinks it's the legislators.
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AUSTRALIA
- John Falzon
- 30 March 2016
11 Comments
The Prime Minister wants us to be clever. Well how about we make sure everybody's got a place to call home? The problem of homelessness and the shortage of social and affordable housing is so huge that we need a massive solution and a massive financial commitment if we want to lay claim to being civilised and fair, let alone smart and innovative. This is why, among things such as reforms to negative gearing and capital gains tax, we need a $10 billion social and affordable housing fund.
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