Are the algorithms used in high frequency trading a threat to the markets themselves? ASIC says the danger is “overstated” but the FBI and the SEC have joined forces.
AAP
In language that is more in keeping with hackers and crime syndicates, the Financial Times reported last week that the FBI was going to assist securities regulators in the US to tackle “dark pools” and…
Despite regulatory uncertainty, business in the US and Australia is responding to climate change.
Flickr/KateAusburn
Despite the widespread scientific consensus regarding anthropogenic climate change, ideological rhetoric dominates the global political discourse. This is preventing the development of clear policy frameworks…
As a publicly traded company, Facebook faces a responsibility to increase its revenue. But is its revamped news feed a step in the right direction?
AAP
Late last week, Facebook broke the news of another major change to users’ news feeds, sparking interesting discussion across the globe. Described by Mark Zuckerberg as your new “personal newspaper,” the…
Tony Abbott faces new challenges as a prospective PM.
AAP/Alan Porritt
Tony Abbott reminded his party room this week that it was the 20th anniversary of the “unloseable election”. In 1993 John Hewson, for whom Abbott worked at the time, was defeated in a poll that almost…
The mining tax is fraught with significant design issues. But can it be fixed?
AAP
The Commonwealth government’s mining tax, the minerals resource rent tax (MRRT), has been a continuing source of controversy. It is easy to point to its significant problems, but a considerable challenge…
Foxconn will hold its first-ever democratic labour union election but freedom of association in China remains limited.
AAP Pictures
Apple’s China-based contractor, Foxconn, is following a trend of increasing unionisation at transnational corporations in China by holding its first-ever democratic labour union elections. As reported…
With cabinet appearing to have sat on the proposal for a privacy tort, Stephen Conroy’s move to refer it to the Australian Law Reform Commission may effectively consign it to oblivion.
AAP
Communications Minister Stephen Conroy has indicated the federal government will not be introducing a “privacy tort” in the near future. Instead, it will refer questions about the tort back to the Australian…
Extreme events such as Tasmania’s bushfires were devastating, but did not contribute to higher than normal property losses this year compared to previous ones.
Last week the Climate Commission released its latest report entitled The Angry Summer. It seeks to “provide a summary of the extreme weather of the 2012/13 summer and the influence of climate change on…
The government policy which moves sole parents onto lower paid Newstart benefits once their children turn eight has caught the attention of the United Nations Human Rights Council.
Flickr/Flickeringerbrad
Late last year, the United Nations’ Human Rights Council expressed its concern that moves to push sole parents onto a lower paid income support may breach our responsibilities under a number of human rights…
Mitt Romney’s presidential campaign thrust private equity into the spotlight.
AAP
It is increasingly difficult to find someone who is agnostic about private equity and hedge funds. Many in the financial industry champion these investment vehicles as a means to deliver absolute returns…
Stephen Conroy’s media reform package has led to cries of media censorship - but do even conservative spruikers really believe this?
AAP
Since the day in November 2011 that Justice Ray Finkelstein and University of Canberra Professor Matthew Ricketson held court in Melbourne, the mainstream media has been hostile to any suggestion of media…
External economic pressures, including a high Australian dollar, will pose challenges for the Napthine government.
AAP
The last two years for Victorians and the Baillieu government have been challenging, with a flat economy and tight budget constraints. The next few years for the Napthine government are likely to involve…
Senator Stephen Conroy did not have a mandate for significant change.
AAP/Lukas Coch
Yesterday, communications minister Senator Stephen Conroy finally presented the government response to the Convergence Review and Finkelstein review. It is hard to know how many drafts of this long-awaited…
Tax benefits have made family trusts an increasingly popular financial arrangement.
Image from www.shutterstock.com
Family trusts have featured heavily as part of recent media reporting of the circumstances of two very high-profile families: the Rineharts and the Obeids. Of course, these are not the only families that…
What’s the evidence linking inefficient planning approval processes to expensive housing in Sydney and other state capitals?
Nicole Gurran
Is Australia becoming a nation of renters, and are planners to blame? Newspaper headlines accompanying the release of a new report on housing supply and affordability, by the federal government’s independent…
Recent controversies in sport won’t keep the fans away.
Julie Edgley/Flickr
Despite the recent controversy arising from the ACC report into organised crime and drugs in sport, it is unlikely that substantial numbers of fans will stop supporting their sport. In fact, we are surprisingly…
There is again competition on the waterfront: but will inevitably lead to consolidation in the industry?
The arrival of Hutchison Port Holdings Australia as a third stevedore onto Australia’s waterfront is designed to provide increased competition but raises the vexed issue of whether three may be too many…
A big news week in Victoria has been a litmus test for the launch of Fairfax’s new compact size, with The Age squaring off against rival Herald Sun.
Fairfax launched its new compact size in a week where Victorian politics dominated the national agenda, making it a very good time to consider just how Melbourne’s former broadsheet, The Age, fared with…
Will a US$732 million penalty be enough to dissuade Microsoft from violating antitrust settlements in the future?
When large corporations can shrug off financial penalties and seem indifferent to reputational damage because they’ve captured the consumers, you might wonder about the true cost of broken promises in…
Australia is well-placed on the world stage to make a real difference to the lives of Afghanistan’s women.
Jalil Rezayee/EPA
Today, the world marks International Women’s Day, recognising the equal rights and status of women. This year, Australia is significantly placed on the world stage to make a real difference to women’s…
The style of Julia Gillard’s campaigning in western Sydney has dealt blows to her credibility.
AAP/Paul Miller
Julia Gillard should have stuck to her stated intention of “governing” rather than “campaigning” this far from the election. Despite her claims, there is no way her western Sydney barnstorming could be…
Bolstering services such as childcare will allow women to remain in the workforce and pursue ambitious career paths.
It’s accepted across the globe that women are under-represented in business leadership positions and that something should be done about it. To date, the focus has been on increasing the number of women…
Fortescue Metals’ High Court challenge to the Federal Government’s mining tax centres around the argument it breaches states’ rights under Australia’s constitution.
Fortescue Metals’ controversial challenge to the Federal Government’s mining tax began this week in the High Court. Legal counsel for Fortescue argue the tax, which is under pressure for raising just $126…
Under fire for manipulating the LIBOR rate, investment Bank UBS also tried to manipulate Australia’s local bill swap rate, say US regulators.
Many months after the event, the Australian financial press has woken up to the fact that there was a financial scandal happening elsewhere. Worse still, it may also have happened here. The tabloid-like…
The Peter Costello-led Queensland Commission of Audit has unveiled what Costello describes as an economic blueprint for conservative governments, as a confluence across jurisdictions looms.
If implemented, the recently delivered Queensland Commission of Audit - dubbed the Costello Report - will represent the biggest shake-up of Queensland’s public sector since the election of the Wayne Goss…