“As banking insiders describe it, the share price rises reflected the industry’s response to Hayne’s decision not to tear them apart – ‘phew’.”
In the wake of the Hayne royal commission, the big banks’ share prices rose, raising questions of how much the culture of greed is threatened by its recommendations.
“I am 74 and acutely aware that our planet is hotter than when I was a boy, due to the burning of fossil fuels. Storms, droughts and bushfires are all the worse, as predicted 30 years ago. Yet the rate of burning of fossil fuels is still growing in 2019, as is the consequent heating. Now is not the time to give in to despair. Now is the time to take action.”
“This latest militarised push-back is being led by A new generation of Papuans with deeply held frustrations about perceived exploitation of their lands by the Indonesian government.”
West Papuan rebels have declared their province a war zone and appealed to the United Nations for assistance, as they vow to violently resist Indonesian rule until independence talks are entered into.
“I hadn’t realised the depths to which a once proudly independent news organisations had sunk in its attempts to appeal to the right wing. Some have argued this shift to the right is a result of Fairfax’s merger with Nine, a deal that was completed in December last year. But the change in political culture at Fairfax began long before the television network set its sights on establishing a newspaper presence, and my story is just a small example of it. ”
“Morrison’s hyperbolic warning – that any show of compassion to the 1000 or so refugees still holed up on Manus and Nauru will destroy the border protection regime and lead to a new influx of boats – is of the same genre as his repeated warnings against a banking royal commission. And while he can chalk up ‘stopping the boats’ as an achievement, the government’s handling of the banks is an entirely different matter.”
The appointment of a new chair for the ABC is in the wind. Names of the contestants have been handed in a sealed envelope to SloMo and the Human Toilet Brush. Speculation suggests the final three are Fairfax’s beloved Greg Plywood, Danny Gilbert from law shop Gilbert + Tobin and ex-Murdoch man Kimbo Williams. Plywood, we know, was in tune with Lord Moloch’s playbook – harping about the free digital news content of the ABC stealing the lunch of newspapers and commercial TV networks.
Letters, Poem & Editorial
he calls them
the prime minister-unelect
who got the job with a dirty knife
and a smug lopsided smile
Award for Manus journalist
Congratulations to Behrouz Boochani for winning the Victorian Prize for Literature and to The Saturday Paper for bringing his disturbing and powerful book No Friend But the Mountains: Writing …
Whether singing about the bloody past of the country of her birth in metal band High Tension, or in the wordless growls and screams of Speechless, a new opera about the Forgotten Children, Karina Utomo finds catharsis in unleashing her powerful voice. Etched into her memory is the burning down of a music store, which sold cassettes because CDs remained a luxury item. The shop, she says, was targeted because it was owned by Chinese Indonesians, the long-time targets of racist scapegoating. “Buying music with my father was a treat. That was somewhere we had gone every week and it symbolised access to music, to engage in a culture with which I connected.”
“We are at OzHarvest headquarters in Sydney’s Alexandria, overlooking the industrial space where donated food is stored, cooked and distributed. Downstairs, outside the kitchen, the walls are painted yellow, the fridge is yellow, the delivery van parked on the concrete floor is yellow. There are yellow signs saying: ‘Did you know? OzHarvest saves 100 tonnes of food from landfill each week’, and, ‘If food waste were a country it would be the third largest emitter of greenhouse gas after USA and China.’”
Sexual abuse at the hands of a brother or sister is not as uncommon as society would like to believe. But it is a crime that must be acknowledged – by parents and authorities – in order to help both victims and perpetrators.
Its children. (Bonus point: Germany.)
Cucumber and yoghurt.
United Arab Emirates.
“Geoff and Tim do share a mutual love for the mighty Melbourne Demons.”
The embattled MP explains his relationship with fund manager Geoff Wilson. Some would say using your parliamentary committee chairmanship to help a relative is a sign of bad judgement; others would say the same thing of supporting Melbourne.
“No wonder the share prices of the big banks are on the up.”
The Australian columnist reflects on why traders may have snapped up stocks in the Big Four before the banking royal commission’s report was released. Insider trading, we can be assured, had nothing to do with it.
“This does my heart and my soul good. This is real.”
The Aerosmith singer, who once took guardianship of a 16-year-old, only to impregnate her, opens a refuge for abused girls.
“I don’t want to give a dollar to Adani.”
The shadow treasurer explains Labor will allow the Adani mine to proceed because it doesn’t want to compensate the company for a breach of contract. Which makes about as much sense as letting a national magazine do a “gym-themed” photoshoot with you, just because you agreed to a profile piece.
“It’s very important to remember that going to the bank is not like going to the doctor.”
The journalist says banks have a duty to their shareholders. Unlike doctors, banks can keep charging after you die.
“I behaved like an idiot on a parliamentary exchange last year and I recognise how inappropriate my actions were.”
The Liberal MP apologises for his actions towards a female RAAF member. Described as a “known hugger”, Buchholz last made news for offering Kelly O’Dwyer unsolicited breastfeeding advice.