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Keywords: The Financial

  • EDUCATION

    More to tertiary education shake-up than $100,000 degrees

    • Neil Ormerod
    • 25 July 2014
    3 Comments

    Christopher Pyne's proposed changes to tertiary education place many theological providers in an interesting situation. We have seen a number of theological colleges enter into relationships with universities to assist with their financial bottom line, in the face of falling support from their church constituencies. If private providers are to receive government funding directly, we could see some of these arrangements begin to fall apart.

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  • ECONOMICS

    Commbank plunder part of new world economic order

    • David James
    • 07 July 2014
    7 Comments

    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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  • RELIGION

    Church honours market over Gospel in abuse cases

    • Andrew Hamilton
    • 03 April 2014
    51 Comments

    It seems most Sydney Church leaders did not see Ellis primarily as a vulnerable person to whom they should reach out in compassion, but as a threat to the financial wellbeing of the Church. Even though it was recognised that he had been abused by a Catholic priest, the callous treatment he received was inspired by the desire to avoid large payouts. These leaders effectively accepted that human worth can be measured by economic price.

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  • ECONOMICS

    Financial advisers can be more than bookies

    • David James
    • 26 March 2014
    6 Comments

    Removing the requirement that financial advisers act in the best interest of their clients will reveal financial advisers for what they really are: salespeople for the banks' wealth management platforms. Tony Abbott argues that the changes will remove 'red tape' and declaimed: 'We're creating the biggest bonfire of regulations in our country's history.' This is a duplicitous use of language that misunderstands how the finance sector works.

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  • AUSTRALIA

    Ugly nationalism in support for Qantas bailout

    • Michael Mullins
    • 03 March 2014
    10 Comments

    In the face of the Federal Government's resolve to be unemotional in its attitude to financial assistance for Qantas, we have Bill Shorten warning us against 'waving goodbye to an Australian icon'. Underlying mention of Qantas as an 'Australian icon' could be the sentiment associated with the 1990s resurgence of nationalism and its racist undertones associated with Pauline Hanson.

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  • ARTS AND CULTURE

    The joke is on Wall Street

    • Tim Kroenert
    • 23 January 2014
    5 Comments

    If ultimately Belfort's comeuppance for his innumerable evils is modest, and his lessons remain unlearned, it is deeply and frighteningly ironic, in a way that has parallels in the real world. The global financial crisis resulted precisely from the kind of unbridled amorality that the characters in The Wolf of Wall Street gleefully embrace. Money is their morality. Lives are left battered and bruised, but the Wall Street party keeps raging on.

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  • ECONOMICS

    Life and death issues the election campaign missed

    • David James
    • 06 September 2013
    4 Comments

    Two of the most important issues to have been given scant attention in the election campaign are ageing and property. Even less noticed is the inter-relationship between the two. The effect of ageing on property prices will be arguably the most important financial challenge facing Australian governments over the coming decades.

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  • ECONOMICS

    How financial devils came to rule the universe

    • David James
    • 05 June 2013
    7 Comments

    Religious authorities may not spend a lot of time pondering the nature of global financial systems, but the Pope's recent comment that 'money has to serve, not rule' suggests it can be useful when they do. Given scope to become rule makers, rather than just people who know how to exploit the rules, financiers have moved themselves to a position of mastery.

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  • AUSTRALIA

    Flawed beauty in back-to-the-wall Budget

    • Paul O'Callaghan
    • 15 May 2013
    13 Comments

    The Treasurer has emphasised his belief that Labor's values and priorities are reflected in this Budget. He is keen to help the battler. Yet there is a sharp dissonance between the Government's promotion of a 'fair go' through big reforms and its evident disinterest in so many citizens whose financial struggles are profound.

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  • AUSTRALIA

    Black hole budget will penalise the poor

    • Brian Toohey
    • 07 May 2013
    9 Comments

    Labor is struggling with a $12 billion write down in anticipated revenue for 2012-13 after Treasury bungled the forecasts. It could cut back on government assistance to those who can fend for themselves. But it has chosen to penalise the poor, with those on the parenting payment being switched to the lower Newstart. 

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  • ECONOMICS

    Banksters' deadly game of Sheldon's three-person chess

    • David James
    • 01 May 2013
    3 Comments

    In The Big Bang Theory Sheldon invents a game of chess which 'utilises a three-sided board with transitional quadrilateral-to-triangular tessellation to solve the balanced centre combat-area problem'. This gobbledegook sounds suspiciously similar to the application of mathematical models to financial securities in derivatives markets.

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  • ECONOMICS

    Migrants and big bank theory

    • Andrew Hamilton
    • 07 February 2013
    8 Comments

    There is often a natural antipathy between the financial sector and the community sector. If you give the dog a bone, say the money men, he will only rub it in dirt and bury it. If you give the bank a bone, say the community workers, it will charge you interest on the transaction. But sometimes we are nudged to reconsider our reflexive prejudices.

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