Australia’s Capitalist Finance Sector: Deception, Exploitation and Misdirection of Financial Resources
by Trotskyist Platform / May 11th, 2021
In recent years, the ripping off of customers, deceit and even outright fraud practiced by Australian finance sector businesses has gained much attention. Four years ago it was revealed how CommInsure, the insurance arm of the Commonwealth Bank of Australia (CBA), had refused to make promised life insurance payments to heart attack survivors. They “justified” this by using a definition of a heart attack that was so dodgy that even some people who had
such a severe heart attack that they had to be resuscitated were denied their entitled pay outs! Such devious practices have been undertaken by finance sector enterprises big and small – from the big four banks and insurance giants to brokers and loan enablers and to retail businesses that hand out loans. As a result the banks, insurance companies and the brokers and others connected t
What drives Judith Neilson? Inside an astonishing Sydney art empire
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Elizabeth FarrellyColumnist, author, architecture critic and essayist
February 12, 2021 5.00pm
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The Australian art wars are a lop-sided affair. Against: the federal government; the state government; universities; the Murdoch press; the mining, roads and tobacco industries; the think tank IPA; the Packers and arguably all other developers (until they want to buy respectability) aside from Stanley Quek. And the fors: a host of impoverished creatives, a few underfunded institutions and Judith Neilson.
Sydneysiders are fascinated by anyone with money. Almost everything written about Neilson drools over the numbers: the size of her art collection, her property portfolio, her bank balance. At the same time, we’re told, the art world is currently enchanted not by young men, but by older women. All
Buy, hold, sell: Fund managers No.1 stock picks for 2021
Jan 8, 2021 – 4.04pm
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Matthew Kidman: Here we are, it s the holy grail. Who is going to tip the best stock for 2021? Everyone wants to be standing on the podium, and everyone wants to be a gold medal winner. You re going to hear it first here.
James Marlay: Small caps have been the right place to be in Livewire s fundies tips for the past few years. What s your number one pick for 2021 and why do you like it?
Olivia Salmon, Lennox Capital
Corporate Travel Management – it was our number one pick for the re-opening trade when we were getting bullish again on equities. I think that the market s fears that Zoom calls or phone calls will be the way of the future and no one will travel anymore is overblown.