Welcome to Eureka Street

back to site
Forgot your password?
Subscribe

Keywords: Stock Market

  • AUSTRALIA

    The problem with CEO pay rises

    • Joe Zabar
    • 25 June 2024

    For decades, unchecked corporate power and policy failures have driven up Australia's cost of living, leaving many Australians struggling. As corporate interests dominate, CEO pay increases dramatically while wages stagnate, and inflation rises. This influence of corporate Australia has eroded economic safeguards, dismantling the guardrails that once protected the common good.

    READ MORE
  • EDUCATION

    Are international students really to blame for soaring rents?

    • Erica Cervini
    • 11 June 2024

    The Labor government’s plans for managing overseas student numbers seem to be heavily influenced by the belief that these students are at least partly responsible for hikes in rents, housing shortages, and pressure on infrastructure.

    READ MORE
  • INTERNATIONAL

    Elon Musk’s Twitter bid exposes ‘financially strange’ media ecosystem

    • David James
    • 19 April 2022
    2 Comments

    Elon Musk’s proposed hostile takeover of Twitter will be a fascinating battle that will have consequences far beyond the stock market. It is exposing just how financially strange social media and conventional media have become. 

    READ MORE
  • ECONOMICS

    Best of 2021: Why corporatism, not capitalism, is the root of social harm

    • David James
    • 04 January 2022
    3 Comments

    There really is no such thing as ‘capitalism’ — or rather there are so many capitalisms that the word is altogether too imprecise to be useful. A much better term to identify the problems, even evils, of modern developed economies is ‘corporatism’. This can be precisely identified and its transgressions and general harm are getting worse.

    READ MORE
  • ECONOMICS

    Why inflation isn't higher

    • David James
    • 12 August 2021
    4 Comments

    The biggest mystery of the financial markets is why, when the monetary authorities have been printing money with their ears pinned back, is inflation for the most part not a problem? What happens with inflation is crucial to the short-term survival of the whole system. Global debt, which is running at well over 300 per cent of global GDP, is only sustainable because interest rates are exceptionally low (the base rate in Australia is only 0.1 per cent). And interest rates are low because inflation is not a problem.

    READ MORE
  • ECONOMICS

    Why corporatism, not capitalism, is the root of social harm

    • David James
    • 06 July 2021
    16 Comments

    There really is no such thing as ‘capitalism’ — or rather there are so many capitalisms that the word is altogether too imprecise to be useful. A much better term to identify the problems, even evils, of modern developed economies is ‘corporatism’. This can be precisely identified and its transgressions and general harm are getting worse.

    READ MORE
  • ARTS AND CULTURE

    A few crumbs from a table of plenty

    • B. N. Oakman
    • 09 October 2017
    2 Comments

    He's not difficult to find. Black men stand out in rich barrios. He'll be standing outside the supermarket, smiling, a self-appointed doorman selling a magazine nobody buys. His name is Samuel. He's from Ghana. His father is dead. He sends what money he can to his mother. He has no papers and no work because he has no papers. Madrilenos offer small change after shopping.

    READ MORE
  • ECONOMICS

    Chinese economy a work in progress

    • David James
    • 14 September 2015
    1 Comment

    The recent ructions in the Chinese stock market set off great consternation in global financial markets, but for the most part this was a display of ignorance. One of the reasons China’s influence on global markets has been so beneficial, since at least 2007, is that its economy and financial markets are so different.

    READ MORE
  • ECONOMICS

    New app will breed capitalists, and that might be a good thing

    • Lucas Smith
    • 14 August 2015
    4 Comments

    G. K. Chesterton said that 'too much capitalism does not mean too many capitalists, but too few capitalists'. In our young century, we have lost capitalists, and wealth has coagulated to a seemingly smaller and smaller number of financiers, oligarchs and corporations. The stock market is where entrenched wealth is kept and made. An industry-shattering share-trading app is set to help deepen our pool of capitalists.

    READ MORE
  • ECONOMICS

    SMSFs offer 'pension fund socialism'

    • David James
    • 13 August 2014
    1 Comment

    In 1976 management thinker Peter Drucker said the real owners of the stock market were workers, through their pension funds. A similar broadening of ownership has occurred in Australia since the creation of compulsory superannuation. But intermediaries called fund managers still stood between the people and ultimate control of their financial destiny, until the rise of the Self Managed Super Fund (SMSF).

    READ MORE
  • AUSTRALIA

    Britain's riots and the new financial crisis

    • Michael Kelly
    • 11 August 2011
    5 Comments

    London is burning. Throughout the rest of the world, stock markets are tumbling at a rate not seen since the 2008 global financial crisis. Unemployment in the US and parts of Europe is high and refuses to come down. What we are seeing in Britain could be just the beginning.

    READ MORE
  • ARTS AND CULTURE

    Stockbrokers with souls

    • Tim Kroenert
    • 30 September 2010
    1 Comment

    The financial crisis threatens to engulf them. But Money Never Sleeps is less interested in financial wheeling and dealing than the ways in which the lunges and plunges of the market impact upon the characters' lives and relationships.

    READ MORE