Superannuation Funds Management in Crisis
“The economics of superannuation are simple – sacrifice today for a higher standard of living in the future. But the psychology of superannuation is complex, fragile and finely balanced.” (John...
View ArticleMilton Friedman Remembered
Milton Friedman, who died in 2006, has been widely regarded as the foremost free-market economist of the post-war era. One of Friedman’s often quoted sayings (paraphrased) is that the social...
View ArticleAUD$ Parity – let’s not forget history
I have been amazed at all the recent media attention about the value of the Australian dollar relative to the US dollar. The Australian dollar is currently the fifth most traded currency. Newspapers...
View ArticleLiving the Asian century
Despite the financial strains in the US and more particulalry in Europe, many Asian business leaders and investors remain confident that we are in the “Asian Century”. The current global financial...
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Family Fun Day
Sometimes in our lives we miss the obvious. We have a number of part-time students whose families, especially the younger children, must wonder what mum or dad get up to when they skip off to class at...
View Article‘Two-strikes’ rule is placing remuneration practices under the spotlight
On 20 June 2011 the Senate approved the Corporations Amendment (Improving Accountability on Director and Executive Remuneration) Bill and the legislation took effect from 1 July 2011. Under this new...
View ArticleBring Back the Glass-Steagall Act
In 1999 this 1933 Act was repealed and this allowed a single bank holding company to expand its scope of activities to include retail and investment banking along with other insurance and other allied...
View Article“I don’t understand Finance”, say ex bank director!
Returning from an recent trip to Dubai I was reading some of the international press in the airport lounge as you do. The Times newspaper (dated 8th November, 2012 at page 29) reported that one Merceds...
View ArticleFederal Government limits work-related education expense claims to $2,000
The Federal Government have set a $2,000 cap on how much people can claim on work related expenses for education. Treasurer Wayne Swan has stated that he is concerned that hitherto such deductions were...
View ArticleFinance texts offer theoretical frameworks for company valuations but theory...
All too often, when it comes to acquisitions, the purchaser pays too much. Last week there was a deal of discussion about the price paid by Facebook’s Mark Zucherberg for Whatsapp. The price was...
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