During the election campaign widespread support emerged for the call by former ANZ Chief, Will Bailey, for the major parties to support a public inquiry into the effects of bank deregulation after 16 years, and into the feasibility of establishing a new government-backed development bank. Despite political pundits saying the issue would get buried in…
Former ANZ Chief calls for inquiry into “People’s Bank” Will Bailey, former chief executive of the ANZ Bank, has called for a major public debate and inquiry into the establishment of a new government-backed “people’s bank” to service hundreds of thousands of Australians left behind from the deregulation of the financial system. He called on…
The terrorist attack on the US was an attack on the world financial system. In the week after the attack, the US stock market suffered its largest collapse since the 1930s. The critical question now is, how much will the instability in the financial system affect the real economy of the US and the rest…
Over 200 people representing rural industries manufacturing and small business enthusiastically launched the Federation of Australian Business and Agriculture (FABA) recently in Brisbane. The organisation has been formed because of economic hardship facing many industries, and out of frustration with the major political parties and peak industry councils that have pursued the free trade, economic…
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