Posts about Articles (20)

News out this morning that ASIC Chairman James Shipton has greenlit the prospect of tactical taskforces to be embedded in our banks (for up to 8 weeks at a time) in an attempt to address the surging and endemic misconduct present in our banking system.

Fairfax has been running a series of articles (see here and here) on the collapse of Great Southern and the hardships it has caused, a timely reminder of the perils of mixing debt, investment and tax breaks. Almost every case consists of investors borrowing to invest on the advice of a trusted ...

From the AFR:

Source: Commsec

Via The Australian:

Correlation doesn't equal causation. But sometimes it does. I would like to know whether the board of Macquarie are Freakonomics listeners or just unwitting participants in a glass cliff experiment - Australian edition.

Vested interests are everywhere, chipping away at the moral fibre of politicians, tilting taxes in their favour and diverting resources. In a more diversified economy, the vested interests compete with each other for government favours - a waste of money I'm sure, but there is some benefit in that ...

A fascinating story of David v. Goliath has emerged in REST super member, Mark McVeigh taking the $50 billion superannuation fund to Federal Court after some frustrated attempts to find out what the fund is doing to protect his retirement savings from the risks of climate change.

ASIC's report into fees and costs has landed, just as our own superannuation solution nears release to our clients. It largely supports our experience in developing our new superannuation solution - the fee comparisons in most PDS's are a nightmare.

I belatedly found this slide deck from a GMO presentation from earlier in the year talking about climate change and investing at the LSE: http://www.lse.ac.uk/GranthamInstitute/news/the-mythical-peril-of-divesting-from-fossil-fuels/

Good breakdown by Credit Suisse (via the Wall Street Journal) on where the US earnings growth is coming from:

The shoe is on the other foot for a change with a Chinese company (recently listed Contemporary Amperex Technology - the world's largest EV battery manufacturer) announcing a new factory in Germany yesterday. From Bloomberg:

Last night on ABC News - The Business Damien comments on the recent events in the Banking and Financial Planning Industry.