Oz Blog News Commentary

Articles from The Australian Independent Media Network

Scottie Morrison Was Right – The Banking Royal Commission Was A Waste Of Time!

October 5, 2018 - 09:41 -- Admin

While I’m sure some of you having been taking an avid interest in the Banking Royal Commission, there’ll be others who haven’t quite kept up. One of the shocking takeaways so far is the discovery that banks are putting profits before their customers. Of course, when I say “shocking” I’m only refering to handful of…

Fixing the mess in the Financial Industry

October 4, 2018 - 18:44 -- Admin

Kenneth Hayne’s Interim Report on The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry was no less shocking in its findings than we all expected. Greed – the pursuit of short-term profit at the expense of basic standards of honesty was his central conclusion, a conclusion that explains how the disgraceful mess in which the financial…

Different strokes for different folks – our non-egalitarian society

October 4, 2018 - 11:28 -- Admin

In his interim report into the banking Royal Commission, Commissioner Hayne pointed out that “Over the 10 years to 1 June 2018, ASIC’s infringement notices to the major banks have amounted to less than $1.3 million.” Meanwhile, the other “tough cop on the beat”, the Australian Building and Construction Commission (ABCC), has imposed fines totalling…

When Sputnik went ballistic

October 4, 2018 - 06:00 -- Admin

As its 61st anniversary approaches it is worth pondering the lasting impact on popular culture of a polished metal sphere whose 21-day orbit ushered in the space race and tightened the ratchet on the cold war. The sphere, known as Sputnik, marked the commencement of a new era. On the 4th October 1957, citizens of the…

The incestuous relationship between government, the financial sector, the regulators, and the legal firms they use

October 3, 2018 - 07:06 -- Admin

When our new Environment Minister, Melissa Price, gave her first speech in parliament in December 2013, she mentioned that she was one of three members of the Clayton Utz Perth alumni in Canberra, the other two being Julie Bishop and our new Attorney-General Christian Porter. Matthias Cormann’s wife Hayley is also a Senior Associate at…

Nostalgia and Sunshine: Bruce Beresford’s Ladies in Black

October 1, 2018 - 22:37 -- Admin

This effort seems to be a bit of camping out on the part of director Bruce Beresford, whose list of cinematic achievements include Driving Miss Daisy and Breaker Morant. There are many smiles, a few distributed tears and occasional sighs of regret, but generally speaking, little by way of controversial stings.  Ladies in Black, in…

Abbott and Nuclear War

October 1, 2018 - 17:25 -- Admin

Ex-PM Abbott has stated he wants to stay in Parliament for another six years. Abbott is quoted in an ‘exclusive’ interview with Fairfax: “…he had no intention of spending less time on the national stage, and predicted Liberal Party forces plotting to oust him from the blue ribbon Sydney seat of Warringah would “struggle” to find a…

Bridging the Generational Gap

October 1, 2018 - 14:15 -- Admin

By Cal Sorensen-Karklis  What is clear in the hearts and minds of society today is the growing divide in generational thinking, both for better and worse. It doesn’t take a rocket scientist to figure out that the youth of today are generally not interested by political parties, community groups, churches, and trade unions. Yes there…