Kim Wingerei blog posts

“Without idealists, the pragmatists would have nothing to do…”

Banana Shire takes AUKUS by storm. What’s the scam?

Banana Shire takes AUKUS by storm. What’s the scam?

The by-now mythical figure of $368 billion for the AUKUS submarine mirage is creating a frenzy. So far, we’ve seen some of those billions go to shipyards in the US and the UK, but now Queensland’s Banana Shire wants their own slice of the action. What’s the scam? The...

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War, what is it good for? Not for news anymore, it seems

War, what is it good for? Not for news anymore, it seems

Israel struck a Mosque in Gaza yesterday, a kindergarten too, fired rockets into Lebanon and raided the West Bank, but if you read today’s mainstream media headlines, the Middle East might as well be at peace. Like the war in Ukraine, it’s no longer front-page news in...

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Westpac cops puny fine for insider trading. What’s the scam?

Westpac cops puny fine for insider trading. What’s the scam?

Westpac has been fined a paltry $1.8 million for a trade that netted the bank over $20M in behaviour akin to insider trading. Federal Court Justice Michael Lee found their conduct “risible.” What’s the scam? The scam was all in a day’s work back in September 2016 for...

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The housing crisis we didn’t have to have, and how to fix it

The housing crisis we didn’t have to have, and how to fix it

Alan Kohler’s Quarterly Essay is a valiant attempt to put the housing crisis into a historical and macroeconomic perspective. He offers solutions, but there are no quick fixes. Kim Wingerei with the review. It’s the crisis everyone wants to talk about that politicians...

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David Collard’s financial innovations – VAT’s the Scam?

David Collard’s financial innovations – VAT’s the Scam?

Scale Facilitation’s CEO, David Collard, is alleged to have issued a grossly inflated invoice to boost the VAT refund his company could claim in the UK, adding to his long list of financial ‘innovations’. Scrambling to find money to pay late wages and make overdue...

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ASIC. Big fat cash-cow or world-class regulator?

ASIC. Big fat cash-cow or world-class regulator?

ASIC is back with new ways to ‘fix things’ following damaging testimony in yet another Senate Estimates hearing this week. Whatever the fix might be, holding Big 4 accountants or big corporates to account is still not in the corporate regulator’s plans. Michael West...

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