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Keywords: Fina

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  • AUSTRALIA

    How super hurts the poor and middle income earners

    • 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

    The financial crisis the Government wants us to have

    • Colin Long
    • 09 February 2015
    19 Comments

    The Coalition Government falsely claims that Medicare co-payments and cuts to welfare and publicly funded institutions such as the CSIRO and the ABC are necessary to 'fix Labor's mess'. There are indeed structural problems with the economy, but essentially the plan is to strip the public sector by cutting universal access to a range of services that also includes tertiary education, to create a dominant free market that marginalises Australians on low incomes.

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  • ARTS AND CULTURE

    Luther's flawed hardware decisions

    • Brian Doyle
    • 28 January 2015
    27 Comments

    Martin Luther was absolutely correct and right philosophically when he nailed his Ninety-Five Theses to a chapel door in Wittenberg. The Catholic Church was rife with greed and corruption and scandal and lies and theft and devious financial plots, as it still is, and probably always has been. But I maintain that Luther was utterly wrong and incorrect in his choice of tools.

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  • EDUCATION

    Return to higher education elitism

    • Bill Uren
    • 23 January 2015
    16 Comments

    We can sympathise with the university Vice-Chancellors who support fee deregulation. Over many years Government financial support for higher education has been eroded in real terms, and maintaining international rankings depends upon deregulation. But do we want the major metropolitan universities to return to the financial exclusivity that characterised the early history of Australian tertiary education?

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  • RELIGION

    Joe Hockey's prize orchid

    • Marcelle Mogg
    • 17 December 2014
    11 Comments

    In his Mid Year Financial Economic Outlook statements this week, Treasurer Joe Hockey construed 'The Economy' as a rare prized orchid, requiring careful nurturing. The orchid is to be admired, and the gardener more so for the skill, expertise and craft that gives rise to such a beautiful creation. The trouble with treating The Economy like a prized bloom is that we fail to recognise that the it exists to serve people. 

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  • AUSTRALIA

    The things you can't get for free

    • Michael Mullins
    • 24 November 2014
    7 Comments

    Thanks to Senators Jacqui Lambie and Ricky Muir, we can once again trust our financial advisers. There are some things that are worth paying for. If somebody else pays for something, it's likely that we will get what they want, not what we need.

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  • AUSTRALIA

    The ABC is not a business

    • Binoy Kampmark
    • 21 November 2014
    25 Comments

    Governments are  tempted to use budgetary accountability as a neat cover for corporatisation of public utilities. As public broadcasters, the ABC and SBS do not inhabit the same philosophical territory as Sky News or Channel 7. The ABC's cuts are based on an efficiency report prepared by a financial officer from the commercial media. It does not seem relevant that balanced budgets do not deliver educated audiences.

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  • ECONOMICS

    Why the rich are getting richer

    • David James
    • 19 November 2014
    6 Comments

    Investing capital in the production of goods and services may create jobs, but it's not the best way to make money. It's more profitable to manipulate the financial system to create more money from money, which is why the finance sector does so well. The polarisation of wealth is less extreme in Australia, but we have our own capital-driven Ponzi scheme - the residential property market, which has become an exercise in making money out of money. 

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