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Keywords: The Financial

  • 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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  • AUSTRALIA

    Who wants to be a capitalist?

    • Moira Rayner
    • 31 October 2014
    11 Comments

    Affordable housing ought to be a hot election issue. Sadly it’s not a government priority, with ordinary people being taught to be entitled to look to capital growth in bricks and mortar as the best path to financial security. That is producing a housing price bubble and public housing is being squeezed. As a result, an increasing number of Australians can’t afford to put a roof over their head.

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  • ARTS AND CULTURE

    Kabul love story

    • Tim Kroenert
    • 30 October 2014
    1 Comment

    Orphan Abdul loves Fatemeh, but her father is demanding a prohibitive dowry for her hand. The financial wrangling between Abdul's guardian Mahboba and Fatemah's father Nik, and all this implies about the ways in which young women's futures can be sold and traded as part of an archaic cultural norm, seems crass and is more than a little disturbing to witness.

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  • AUSTRALIA

    Weighing ANU's coal play

    • Andrew Hamilton
    • 30 October 2014
    11 Comments

    When the ANU sold its shares in coal companies recently, it received a mixed response. Critics said investment decisions should be made solely on financial grounds. But investing is done by human beings, who should be guided by their effects of their investment on other human beings, not simply by the profit it brings them. 

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  • AUSTRALIA

    Ending feminised poverty

    • Kate Galloway
    • 11 September 2014
    14 Comments

    Despite historical gains for women in terms of formal equality, structural issues - wage gap, superannuation gap, childcare, unpaid caring, inequitable income distribution - have not gone away. I do not see why my older women friends should be burdened with accumulated poverty simply because they are women. They carry a material burden because their unpaid work was considered to be performed 'for love', undeserving of financial security.

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  • 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).

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  • AUSTRALIA

    The Norfolk Island solution

    • Andra Jackson
    • 04 August 2014
    25 Comments

    While the Federal Government continues to cast around for other Pacific nations and Cambodia to take in refugees held on Manus Island and Nauru, it has one ready solution right on its own doorstep. It is a place that has been calling out for help to counter its falling population and its prolonged economic crisis. It is an Australian territory and one that is already receiving Australia's financial support.

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