NAB CEO Andrew Thorburn and Chairman Ken Henry have both announced they have officially resigned from the company following the release of the Royal Commission report into the finance sector. Hayne’s final report, while it didn’t offer as much as some would have wanted, was a scathing review of the banking industry’s misconduct. But can resignation, undoubtedly accompanied by severance packages in the millions, with a plethora of opportunities for future endeavours, really be considered punishment? Apparently, yes.
Continue reading “Boards, Chairs, and Revolving Doors – It’s Like a Corporate IKEA”
Nationalism and Imperialism
In part 1, I talked about the possibility of a socialist revolution taking place today. The chances are quite small in my view, and one of the reasons for that is the ideological divides and how people perceive different –isms. In this piece, I just want to touch on nationalism and imperialism, with reference to ideas of Lenin’s quoted in Christopher Hill’s Lenin and the Russian Revolution.
Continue reading “Lenin and the Russian Revolution: A Reflection Pt.2”
Liam Neeson has made headlines over his story regarding a friend who was attacked by a black man a number of years ago. He admitted that he spent a week hoping to find them in a bout of instinctual rage. There is more to the story, but somehow that’s all that was picked up by some who are now threatening to boycott his latest movie.
Continue reading “Why Vilify Honest Reflection?”
It took longer than I intended (it was a relatively short book), but I have finally finished Christopher Hill’s brief book on the Russian Revolution, which spoke of it through the lens of Lenin’s ideas and actions. I’ll most definitely have to read some other books about the time period to have a more in depth understanding and context surrounding the Revolution as it was rather limited. Despite this, it did offer a fair amount of introductory insight to the years (approximately) 1903-1924, and there are ideas worth exploring.
Continue reading “Lenin and the Russian Revolution: A Reflection Pt.1”
The Final Report of the Royal Commission into the banking sector has officially been released, following an icy media op between Treasurer Josh Frydenberg and Commissioner Kenneth Hayne. Frydenberg tried to lighten the mood as photographers tried to urge them to shake hands, but Hayne refused to even look at the Treasurer – the utter contempt was palpable. Given the findings, and how most of the government voted north of 20 times to try and hold back from the RC, that comes as no surprise. (Link to the report below).
Continue reading “Culture of Greed: Banking Royal Commission Report Released”
It is rare in US politics that the real reasons for policy are admitted openly, and the recent statement by Senate Majority Leader Mitch McConnell is one of those occasions. He has accused the Democrats of a “power grab” by putting forward a bill that would ensure that Election Day in America would be a public holiday. God forbid the populace has the chance to actually vote.
Continue reading “McConnell (US) ‘Admits’ Voter Suppression, Should Be a Warning to Australia”
I spent a fair bit of today either out and about or with a migraine, so another late upload now I’ve gotten to it. I saw an article by Al Jazeera earlier about the Asian Cup, and while I’m not a sporting fan it’s a simple example to explain briefly the bias of media due to ownership and politics.
Continue reading “Media Scuffle Among Gulf States”
Over the last few days, the government’s cashless welfare cards have been introduced to Queensland in the next string of trials. They have been rolled out elsewhere across the country already, and despite what the government claims, it is already obvious that these cards do not achieve the policy goals they were set out for. Instead, they are (who would have guessed) another way to limit the poor.
Continue reading “Cashless Welfare Cards: They Don’t Work”
It is something that I intended to do for quite some time, but today I have officially closed my account with the Commonwealth Bank. I had been with them since primary school through the Dollarmite school banking program, and to me it was simply a place to store my money – I had no savings account, no wish to secure a loan or take up any other offer from them. My only association was just making transactions with my card. So given the revelations of the Royal Commission into the private banking sector, it was an easy choice to leave.
Continue reading “Why I Changed Banks”
In yesterday’s ‘quick quips’ piece, I mentioned the outrage against people (notably women, attacked by trash like the Murdoch press) who have, in one form or another, used profanity when referring to elected leaders. The results are what you would expect once all of this came tumbling out in the media.
Continue reading “Disrespecting the PM”