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Keywords: The Financial

  • ECONOMICS

    Lehman Brothers and the next GFC

    • Binoy Kampmark
    • 13 September 2018
    2 Comments

    It has been a decade since the banking aristocracy Lehman Brothers filed for bankruptcy in what would be the chant of doom that became the Global Financial Crisis. Today, the legacy of Lehman Brothers and the crisis it helped precipitate supply warnings of the next shock.

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  • AUSTRALIA

    Banking on the common good

    • Andrew Hamilton
    • 15 August 2018
    7 Comments

    If trustees don't understand the meaning of trustworthiness, all the penalties in the world won't encourage them to act in a trustworthy manner. What is needed is conversion — the recognition that the good of each individual depends on their seeking the common good, and the determination to ensure that this vision permeates corporations.

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  • ECONOMICS

    Australia's deadly game of mates

    • David James
    • 14 August 2018
    6 Comments

    Murray and Frijters detail what they call Australia's 'grey corruption': the grubby nexus between 'James' (corrupt business people) and governments or regulators. The Jameses thrive at the expense of the 'Bruces': ordinary working people. The games of the corrupt elite now cost the 'Bruces' about half their wages.

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  • AUSTRALIA

    Why powerful people behave badly

    • Conor Wynn
    • 06 July 2018
    12 Comments

    Pinning all the blame for poor behaviour on deliberate individual choice is a fundamental attribution error. We need to rise above the salacious gossip and the spectacle of corporate beheadings to understand what drives behaviour in powerful people, take a more reasoned approach and achieve sustainable change.

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  • AUSTRALIA

    Winter Raffle 2018 Winners

    • Staff
    • 05 July 2018

    The Society of Jesus in Victoria, Jesuit Communications Winter Raffle 2017. Drawn on Thursday 5 July 2018 (Permit No 10174/18 issued 16 April, 2018). Congratulations to the winners: 1st prize: Virginia Schneiders, VIC; 2nd prize: Peter Bowden, NSW; 3rd prize: Angela Widdison, VIC; and 4th prize: Ted Cotter NSW. Thank you to everyone who supported our Winter raffle. If you missed the opportunity to purchase raffle tickets but would like to support us financially, please consider making a donation.

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  • RELIGION

    Vatican pointers for banks royal commission

    • Andrew Hamilton
    • 30 May 2018
    15 Comments

    As the royal commission prepared to resume its hearings into financial services the Vatican released Oeconomicae et pecuniariae quaestiones, on the ethics of markets. Although written quite independently, passages of the document could have been mistaken for factual reporting of the royal commission.

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  • RELIGION

    A stringent critique of financial abuse

    • Bruce Duncan
    • 30 May 2018
    5 Comments

    The Vatican has launched a stringent critique of abuses in global economies, abuses that are driving astonishing inequality and threatening ecological sustainability. 'Oeconomicae et pecuniariae questiones' reiterates the call for an urgent dialogue between politics and economics to advance human life and wellbeing.

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  • ECONOMICS

    Japan could lead the way in forgiving debt

    • David James
    • 14 May 2018
    4 Comments

    As the world economy groans under soaring levels of debt, the place to look is Japan, whose current government debt-to-GDP ratio is an eye watering 253 per cent. It is Japan, which led the developed world into this mess, that is likely to lead the world out of it by cancelling debt. The consequences of such a move would be far reaching.

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  • AUSTRALIA

    Gods, emperors and the ritual of federal budgets

    • Andrew Hamilton
    • 12 May 2018
    2 Comments

    On the surface budgets are exercises in financial accountability. At a deeper level they are best understood as a yearly ritual; one of the ways in which rulers acknowledge and try to manipulate truths about state power. We should evaluate these less on their stated intentions but with what the show of competence and generosity reveals.

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  • AUSTRALIA

    Newstart needs a new start

    • Frank Brennan
    • 01 May 2018
    12 Comments

    The Turnbull government holds the view that tax relief for companies and middle-income earners is necessary to improve the economic prosperity of Australia, offering a financial hand up to households struggling to pay their bills. For those on Newstart, though, those same increased costs of living are being all but ignored.

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  • AUSTRALIA

    History taints Turnbull's fight against corruption

    • Brendan Byrne
    • 01 May 2018
    10 Comments

    While it is a matter of public record the Turnbull government blocked attempts to establish a royal commission into the financial services sector on multiple occasions, the question as to why, especially when it expeditiously facilitated a similar inquiry into corruption within the union movement, is of more than academic interest.

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  • ECONOMICS

    The big, bad business of America's war industry

    • David James
    • 20 April 2018
    6 Comments

    As the West flirts with starting World War III in Syria, it is worth examining some of the financial and business dynamics behind the US 'military industrial complex'. War may not be good business, but it is big business. And in contrast to Russia and China, the industry in the US is heavily privatised, including the use of mercenaries.

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