Patrick J. Byrne

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Election 2001: When will the parties support a new bank?

PoliticsNovember 3, 2001

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 major political parties to make a commitment, before the Federal election, into holding a public inquiry next year. Mr Bailey was head of the ANZ bank for most of the 1980s, deputy chairman of Coles Myer from 1992-95, and as a member of the…

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ECONOMY: Terror weakens a softening market

UncategorizedOctober 6, 2001

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…

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National Affairs: New business and agriculture lobby launched (FABA)

National AffairsAugust 25, 2001

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 rationalist policies for the past 20 years. Largely ignored by the political process, these groups are seeking to band together to work for a new economic agenda and to defend each other’s industries. FABA argues that protracted adherence of free market ideology has resulted in:…

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The companies driving US-Australia free trade agreement

UncategorizedAugust 11, 2001

About 60 major US and Australian corporations and business organisations have formed the “America-Australia Free Trade Agreement Coalition” to promote the proposal. More than 100 are expected to eventually join this formidable pressure group. Eighteen of the US corporations are among the world’s top 200 corporations with annual sales of $US1,327 billion, which is more…

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