Islamic Finance: Where Religion Meets Finance

May 26th, 2010

by Peter Verhoeven

Recently the Australian government announced that as part of its efforts to position Australia as a leading financial centre in Asia it will be pursuing opportunities to develop Islamic finance in this country. Naturally, this announcement has prompted mixed reactions. In the following essay Islamic finance is explained and some of the key issues surrounding this announcement are discussed.

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At Sixes and Sevens over New Retirement Policy

September 16th, 2009

by Tim Robinson

In its May budget Australia’s Rudd government announced that by 2023 a new retirement age will have been phased in. The new retirement age will increase from the current 65 years to 67 years. When the new policy is in place a raft of existing arrangements and mind-sets will change. Whether it be eligibility for the age pension, policies regarding self-funded retirees’ access to their superannuation balances, eligibility for seniors’ cards, or simply acceptance of a new bench-mark for what constitutes being over the hill, the new retirement age will usher in its own economic and social consequences.  

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Emissions Trading Furphy

August 6th, 2009

by Cameron Murray.

Is the Rudd Government’s proposed Carbon Pollution Reduction Scheme (CPRS) the most effective policy for controlling emissions that can be implemented at a national level?  Will it curtail our carbon footprint while minimising the impact on Australian business and households, as the delivery of the Government’s CPRS Green Paper (in July 2008) and White Paper (in December 2008) claims it does? Cameron Murray, an economics graduate of QUT’s Master of Business (Research) program, believes it can.

This brief essay aims to inform the curious onlooker of the theoretical arguments that have informed the political debate over the Rudd government’s proposed CPRS in recent times. There has been a fiery debate over whether the scheme inhibits the ability of households and businesses to take a proactive approach to reducing their own demands on emission producing energy sources.   Cameron Murray disagrees.

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The Upper Hand

May 26th, 2009

by David Johnston.

About 10 percent of the population is left-handed. However, five of the last seven U.S. presidents have been left-handed, as well as many high profile artists and scientists – from Paul McCartney and Lewis Carroll to Benjamin Franklin and Marie Curie. This large collection of gifted left-handers has led to a widely-held belief that left-handers have a higher propensity for genius and creativity than right-handers. Two recent economics studies have provided some limited support for this belief. Kevin Denny and Vincent O’ Sullivan find that left-handed men in Britain earn approximately 5 percent more than right-handed men, and Christopher Ruebeck and colleagues find a similar wage premium for left-handed men in the United States.
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