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Did the Advent of Finance Facilitate Democracy?

roman coins

Athens is famous for being the birthplace of modern day democracy but a recent post on TheAtlantic.com questioned whether finance actually gave rise to this democracy.

Athens use to pay its citizens for various civic duties, some say priming them into the mindset that made possible the participatory government.

The article goes on to explain without financial innovation, the “experiment” of democracy may not have been the success it became.

Read more at http://www.theatlantic.com/business/archive/2016/05/athenian-finance-democracy-william-goetzmann/484397/

 



Australia’s First ‘Green’ Bond

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Australia has its first green  bond which just made solar heating more affordable.

The Australian based credit finance group FlexiGroup, has made a landmark issue of green Asset Backed Securities, a bond raising $50 million to refinance residential rooftop solar systems in the first issue of their type.

As an article on Reneweconomy.com.au highlighted, the significance of this is great. Rooftop solar can now enter the mainstream bond market in Australia for the first time. It also provides a way of cheaper finance for this and other renewable energy technologies.

Read more at: http://reneweconomy.com.au/2016/rooftop-solar-gets-cheaper-finance-with-first-green-bond-in-australia-82008



Financial Week Ahead and Impact on Jobs

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According to the latest financial reports, job growth is solid in Australia and is expected to remain so.

Economists are positive about the future of employment with 15,000 new jobs being added in March.

There has also been an increase in the  number of people looking for a job, which may increase unemployment figures from February’s 5.8 per cent.

The Reserve Bank will publish its semi-annual Financial Stability Review (FSR) on Friday. Find out more at: http://www.abc.net.au/news/2016-04-10/focus-on-chinese-growth,-australian-jobs-and-us-profits/7314086



Accountants Called in to Train Next Gen Private Equity Leaders

trainingAn accounting firm has reached an agreement with the Australian Private Equity and Venture Capital Association (AVCAL) to train future venture capitalists.

Through the partnership, the accounting company Crowe Horwath agreed to provide foundation level private equity education to AVCAL members. The ‘Private Equity 101’ program has been described as critical to the industry.

In an article on MoneyManagement.com.au the importance of the program was discussed, preparing the next generation of leaders for the industry also helping them foster strong networks for the duration of their career.

Find out more at http://www.moneymanagement.com.au/news/accounting/accountants-called-train-next-gen-private-equity-leaders



High Wage Increase no Good for Australian Youth, ACCI Warns

min wageThe Australian Chamber of Commerce and Industry (ACCI) has urged the Fair Work Commission to increase the minimum wage by no more than 1.2 per cent or $7.90 per week which would make the minimum weekly wage $664.80.

Thousands of unemployed Australians, most of them young people will be disadvantaged if the minimum wage is raised too high, the ACCI explained.

The peak body has called for a more “job-friendly” approach to the minimum wage to avoid impeding access to jobs or training opportunities.

Youth unemployment is at 12.2 per cent, which is twice the national unemployment rate of 5.8 per cent.

The Fair Work Commission’s decision on the new minimum wage will come into effect from July 1.

Find out more at https://au.finance.yahoo.com/news/wage-increase-no-good-youth-011951097.html



Could Finance Field Attract the Most Psychopaths ?

ceoSomeone sat down and researched which profession actually attracts the most psychopaths and its CEOs followed by lawyers.

Although psychopaths make up only 1 per cent of the population, they appear to be most common at higher levels of corporate organisations particularly in positions where their actions can have a ripple effect.

The Hare psychopath checklist, developed in the seventies, says psychopaths are identifiable by their lack of remorse for destructive acts and lack of empathy. They also tend to be impulsive, manipulative and sexually promiscuous.

They are likely to be found in places where they can asset their dominance such as in the courtroom or the operating theatre. They are often CEOs, salespeople and media personalities.

Source: https://au.finance.yahoo.com/news/10-professions-which-attract-the-most-psychopaths-034144524.html



Study Reveals Sexism Common in Financial Sector

women moneyAccording to a new study of accounting firms, gender discrimination is rife in the financial sector, with women often passed over for promotions based on their gender.

The study was conducted by the University of New England’s business school and found that females were perceived as unreliable because of their family commitments.

Male heads of companies in the sector often showed concern that child-rearing may result in disruption so they prefer to promote men over women.

Read more: http://www.smh.com.au/nsw/une-study-finds-sexism-rife-in-financial-sector-20160312-gnhlps.html#ixzz430oIit62 

 

 



These Are the Top 5 Personal Finance Apps

elearning mobileHere are the latest apps to help you stay on top of your finances,

  1. Women’s Money Toolkit (free)
  2. Wally – Smart Personal Finance (free)
  3. Unsplurge (Free)
  4. The Trolley Saver app (free or $2.99 per year with extra features)
  5. My Prosperity (free or $15per month for premium service)

To learn how these apps help you manage your money smarter, visit http://thenewdaily.com.au/money/2016/03/06/top-five-personal-finance-apps-need-download/

 



We Need More Gender Diversification in Top Finance Jobs

moneyThere aren’t enough women in Australia’s financial industry, particularly in top jobs, according to new research.

Recent research highlights that Australia’s top 100 companies employ about half the number of female chief financial officers than their international counterparts do.

There is still a gender disparity according to the new research. While women hold just as many jobs in the accounting and finance industry workforce as men, they aren’t holding the top positions.

According to research there were 6 female chief financial officers at Australia’s 100 biggest listed companies in February compared with 11 in the 100 largest companies globally.
Read more: http://www.afr.com/news/gender-diversity-in-top-australian-finance-roles-lagging-world-20160301-gn7krq#ixzz42Fv2IOA4 



Are We Heading for 2008-Like World Crisis?

worldThere are major concerns that we are heading back into a 2008-esk global financial crisis, if we aren’t already there, so this article on TheGuardian.com is particularly interesting.

The good news is that experts’ answer to this is a resounding “no”, however the recent global financial market turmoil is more serious now with a number of issues fuelling concerns.

Volatility is being fuelled by the Eurozone crisis, the Federal Reserve “taper tantrum,” a possible Greek exit from the eurozone and decline of the Chinese market.

Find out more here.




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