May, 2018

New Zealand shows the path ahead on wages growth — and it’s not upward

and , May 03, 2018

14
The New Zealand economy is at full employment but wages aren't budging -- suggesting the optimism about wages growth in Australia is ill-founded.

How the government helped the Commonwealth keep its breach secret

, May 03, 2018

27
The Commonwealth Bank would have been forced to disclose its mammoth data breach if the government had fulfilled its promise of requiring companies to report breaches. But instead the government took three years to do it.

The Liberal Party’s deep, rich connections with the banks and financial planning

, May 02, 2018

15
The links between the Liberal Party, the big banks and the financial planning sector seem to go beyond the ordinary relationships between business and politicians.

Thanks, Donald: Apple hands out a $100 billion taxpayer-funded windfall

and , May 02, 2018

11
Apple has used the Republicans' company tax cuts in the US to announce a $100 billion share buyback and a massive increase in its dividend - demonstrating yet again that the tax cut is flowing only to shareholders.

Commonwealth’s rotten culture exposed as bank cops huge penalty

and , May 01, 2018

11
The Commonwealth Bank, from the board down, had a poor culture that ignored risk and bad customer outcomes and rewarded poor behaviour. Now the prudential regulator has hit it with a $1 billion penalty.

Liberals owe more than an apology on royal commission. A lot more.

, May 01, 2018

44
At every stage over the last decade, the Liberals have tried to protect big banks and financial planners at the expense of ordinary Australians. And they knew the harm it was causing to people.

Bloodletting in the AMP boardroom hides wider culpability

and , Apr 30, 2018

17
AMP chair Catherine Brenner is gone in the continuing fall-out from the banking royal commission. But what about the big banks -- when will their directors face some accountability?

Why the Australian arts sector could be in for a major reckoning

, Apr 26, 2018

10
There's a dense web of influence between our finance sector and cultural institutions. After the royal commission, does it make sense for bankers to head arts organisations anymore?

How did it all get so dark and stormy for Blue Sky?

, Apr 24, 2018

3
The flailing Queensland company have been overvaluing investments left and right. How long can they last?

Breaking up the banks is a terrible solution

, Apr 24, 2018

15
"Breaking up the banks" takes us backward; it uses the powers of the state to try and create a Jurassic Park of big beasts, freezing capitalist development at a certain stage, which is taken to be the natural order.

The biggest banking rip-off is still to come

, Apr 24, 2018

13
The biggest rip-off in financial services is the huge fees charged by retail superannuation funds, which flow to the big banks and AMP for delivering poorer performance.

Imagine if ASIC actually did its job

and , Apr 23, 2018

12
If we want decent corporate regulation, we need to look to the United States, where companies fear regulators who do their jobs properly.

Turnbull can use lessons from the royal commission to fix live exports

, Apr 23, 2018

17
If the government is smart, it won't make the same mistake it made about a banking royal commission on live exports.

Facebook downplays dominance as ACCC submissions are filed

, Apr 23, 2018

Facebook is intent on denying it has a monopoly on the market. Is that going to fly with the competition regulator?

The wisdom of Jeff Bezos includes handstand advice

, Apr 20, 2018

1
Memo writing tips and handstand perfecting stories are important for Amazon shareholders to know about, apparently.

AMP attempts damage control in wake of royal commission debacle

and , Apr 20, 2018

6
AMP has dumped its CEO and stood aside its senior lawyer to try to control the damage from the banking royal commission, but it won't be enough. And why is the Business Council so quiet?

Morrison too little, too late effort on the royal commission won’t convince

, Apr 20, 2018

54
The government's get-tough act on the banks is a hasty and inadequate catch-up and fails to address competition issues.

Schwab: fans are the losers in Cricket Australia’s broadcasting deal

, Apr 19, 2018

3
The winners in Cricket Australia's most recent rights deal are easy to spot: they're the ones smiling to the camera.

Rundle: the finance sector must be socialised

, Apr 19, 2018

13
The finance sector is a social resource. In a modern society it is an essential utility, as much as the water or power system is.

The royal commission isn’t exposing flaws in the system — this IS the system

, Apr 19, 2018

39
The revelations of the banking royal commission reflect deeper issues about policymaking in Australia than just the structure of the finance industry.