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Keywords: The Financial

  • ECONOMICS

    Capitalism isn’t dead, it just smells funny

    • David James
    • 24 September 2019
    9 Comments

    It is easy to blame the financial sector — and the governments that were supposed to oversee the financial system but instead just washed their hands of it — for creating this global debt debauch. They certainly bear much of the responsibility. But in many ways the financial misbehaviour is as much symptom as cause.

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  • ECONOMICS

    Inside US and China's dodgy economies

    • David James
    • 07 September 2019
    6 Comments

    One of the ironies of the intensifying tariff war between America and China is that that neither of the two giants seems to have a viable economic model. Both countries' systems are based on dodgy financial engineering and printing money, or just inventing new types of money out of thin air.

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  • AUSTRALIA

    A common good frame for economic stimulus

    • Joe Zabar
    • 26 August 2019
    3 Comments

    While the current economic climate is cause for concern, it is not the time to panic. A more sensible alternative to austerity is for governments, business, unions and charities to look for ways we can together soften the impact of any global downturn. This will require bipartisan agreement to sacrifice some or all of the budget surplus.

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  • RELIGION

    Defend inclusiveness at Catholic Plenary Council

    • John Warhurst
    • 24 July 2019
    80 Comments

    Whatever the legitimate logistical and financial challenges, the Australian church leadership should move heaven and earth to put on an event in which delegates and observers, bishops, religious and laity, traditionalists and reformers are free to mingle and interact in the best spirit of collegiality and joint discernment about the future.

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  • ECONOMICS

    Breaking down Hayne's humanistic report

    • R. P. Lim
    • 07 February 2019
    2 Comments

    Hayne's report brings into play ideas surrounding collective humanistic values and goals, and natural law principles based on commonly understood ethics and moral standards. What is striking is how the financial services industry has dehumanised consumers, and those within the industry providing the services at the frontline.

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  • AUSTRALIA

    Banks remain protected species

    • John Warhurst
    • 04 February 2019
    10 Comments

    Kenneth Hayne's royal commission into the financial sector has named, shamed and excoriated banks, regulators, insurance companies and other financial services businesses to the extent that you would think they are now extremely vulnerable and universally unloved. That would be a mistake.

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  • ECONOMICS

    Venezuela beset by American dirty tricks

    • David James
    • 30 January 2019
    14 Comments

    If you wish to peer into the heart of darkness, the nexus between big oil and big money is a good place to start. Those who control the energy market and the financial markets control the world. The latest victim of this brutal intersection is Venezuela, a country that has made the mistake of having the biggest oil reserves in the world.

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  • ECONOMICS

    What are banks for?

    • Colin Long
    • 18 January 2019
    6 Comments

    The opening of the finance sector to scrutiny provides an opportunity to examine its position in the structure of the Australian political-economy, and, most importantly, to make the changes necessary to place it at the service of the people, rather than allowing it to continue to prey on us.

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  • ECONOMICS

    On banks and bonuses

    • Andrew Hamilton
    • 16 January 2019
    6 Comments

    One of the issues raised at the royal commission into banks was the size of salaries and bonuses paid to senior staff. Subsequent discussion has tripped lightly around the issue. The larger question is whether it is in the best interests of financial institutions to offer to its senior officers huge salaries and bonuses.

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  • ECONOMICS

    The true lesson of capitalism

    • David James
    • 15 January 2019
    2 Comments

    One of the most basic distinctions in finance, with which any stockbroker or fund manager is familiar, is that between equity and debt. As the global economy teeters on the edge of a debt and banking crisis, with global debt more than 300 per cent of global GDP, the merits of equity is something that needs to be better understood.

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  • ECONOMICS

    Common good key to reversing trust deficit

    • Joe Zabar
    • 26 November 2018
    7 Comments

    Whenever institutional interests are put ahead of the legitimate concerns of others, including the poor and marginalised, there develops a trust deficit. This deficit is gripping institutions here and overseas. Its impact is deep and destructive. Facets of Catholic Social Teaching point the way to reversing the downward trend.

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  • INTERNATIONAL

    Waking up to homelessness

    • Gillian Bouras
    • 19 October 2018
    11 Comments

    In London of the 1990s, I observed people sleeping under bridges, on doorsteps, in cardboard boxes. How they survived the winters, I never knew, and I suppose many didn't. Since the beginning of Greece's financial crisis in 2008 and the influx of refugees from the Middle East, similar scenes can now be seen in Athens.

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