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Staniforth Ricketson
Staniforth Ricketson (1 August 1891 – 6 December 1967) was an Australian stockbroker, financier, and political figure. Early life Ricketson was born in Malvern, Victoria, to Sophia Henrietta (née Sheppard) and Henry Joseph Ricketson. He was named after his paternal grandmother Georgina Staniforth. He had ties to stockbroker Jonathan Binns Were on both sides of his family – Were was his mother's maternal grandfather and his father's step-grandfather. Education Ricketson attended Prahran North State School, where he was dux#education, dux in 1905. He subsequently attended Wesley College, Melbourne, Wesley College for two years on scholarships, before leaving school in 1907. He worked as a Jackaroo (trainee), jackaroo for a period and then became a correspondence clerk with the Australian Mercantile Land & Finance Company. In 1909, Ricketson moved to King Island (Tasmania), King Island with his brother Lancelot. They ran the Ricketson Bros. general store and Staniforth edited ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Malvern, Victoria
Malvern () is a suburb of Melbourne, Victoria (Australia), Victoria, Australia, 8 km south-east of Melbourne's Melbourne city centre, Central Business District, located within the City of Stonnington Local government areas of Victoria, local government area. Malvern recorded a population of 9,929 at the 2021 Australian census, 2021 census. History The area of Malvern was first settled by Europeans in 1835. John Gardiner (Australia), John Gardiner was one of its first European settlers. A small hamlet known as "Gardiners Creek" (1851 Melbourne Postal Directory) was settled, but it diminished with the gold rush. The Gardiners Creek, nearby creek was also named Gardiners Creek. Gardiners Creek Road (now Burwood Highway, Toorak Road) ran from South Yarra, east to the junction of Gardiners Creek and onto the Gardiner Homestead, which is now the site of Scotch College, Melbourne, Scotch College. In the 1860s the Road districts of Victoria (Australia), Gardiners Creek Roads Boar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
JBWere
National Australia Bank (abbreviated NAB, branded nab) is one of the four largest financial institutions in Australia (colloquially referred to as "The Big Four") in terms of market capitalisation, earnings and customers. NAB was ranked 21st-largest bank in the world measured by market capitalisation and 52nd- largest bank in the world as measured by total assets in 2019. , NAB operated 3,500 Bank@Post locations—including 7,000+ ATMs across Australia, New Zealand, and Asia—and served 9 million customers. NAB has an "AA-" long-term issuer rating by Standard & Poor's. History Early history National Australia Bank was formed as National Commercial Banking Corporation of Australia Limited in 1982 by the merger of National Bank of Australasia and the Commercial Banking Company of Sydney. The resulting company was subsequently renamed National Australia Bank Limited. The expanded financial base of the merged entity triggered significant offshore expansion over ensuing years. R ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1931 Australian Federal Election
The 1931 Australian federal election was held in Australia on 19 December 1931. All 75 seats in the House of Representatives and 18 of the 36 seats in the Senate were up for election. The incumbent first-term Australian Labor Party (ALP) government led by Prime Minister James Scullin was defeated in a landslide by the United Australia Party (UAP) led by Joseph Lyons. To date, this is the last time that a sitting government at federal level has been defeated after a single term. The election was held at a time of great social and political upheaval, coming at the peak of the Great Depression in Australia. The UAP had only been formed a few months before the election, when Lyons and a few ALP dissidents joined forces with the Nationalist Party and the Australian Party. Although it was dominated by former Nationalists, Lyons became the merged party's leader, with Nationalist leader John Latham as his deputy. Scullin's position eroded further when five left-wing Labor MPs from New ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Australia Party
The United Australia Party (UAP) was an Australian political party that was founded in 1931 and dissolved in 1945. The party won four federal elections in that time, usually governing in coalition with the Country Party. It provided two prime ministers: Joseph Lyons ( 1932–1939) and Robert Menzies ( 1939–1941). The UAP was created in the aftermath of the 1931 split in the Australian Labor Party. Six fiscally conservative Labor MPs left the party to protest the Scullin Government's financial policies during the Great Depression. Led by Joseph Lyons, a former Premier of Tasmania, the defectors initially sat as independents, but then agreed to merge with the Nationalist Party and form a united opposition. Lyons was chosen as the new party's leader due to his popularity among the general public, with former Nationalist leader John Latham becoming his deputy. He led the UAP to a landslide victory at the 1931 federal election, where the party secured an outright majority in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian Labor Party Caucus
The Australian Labor Party Caucus comprises all the elected members of the Australian Labor Party (ALP) in both Houses of the national Parliament. The Caucus determines some matters of policy, parliamentary tactics, and disciplinary measures against disobedient MPs. It is alternatively known as the Federal Parliamentary Labor Party (FPLP). The Caucus is also involved in the election of the federal parliamentary leaders from among its members, as well as his or her dismissal. The leader has historically been a member of the House of Representatives, but though by convention a prime minister is the person who has the support of a majority in the House of Representatives, in the ALP all members (including senators) have an equal vote in the election of the leader, who may then become prime minister. Since October 2013, a ballot of both the Caucus and by the Labor Party's rank-and-file members has determined the party leader and the deputy leader. Bill Shorten was the first leader el ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian Labor Party
The Australian Labor Party (ALP), also simply known as Labor, is the major centre-left political party in Australia, one of two major parties in Australian politics, along with the centre-right Liberal Party of Australia. The party forms the federal government since being elected in the 2022 election. The ALP is a federal party, with political branches in each state and territory. They are currently in government in Victoria, Queensland, Western Australia, South Australia, the Australian Capital Territory, and the Northern Territory. They are currently in opposition in New South Wales and Tasmania. It is the oldest political party in Australia, being established on 8 May 1901 at Parliament House, Melbourne, the meeting place of the first federal Parliament. The ALP was not founded as a federal party until after the first sitting of the Australian parliament in 1901. It is regarded as descended from labour parties founded in the various Australian colonies by the emerging la ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Joseph Lyons
Joseph Aloysius Lyons (15 September 1879 – 7 April 1939) was an Australian politician who served as the List of prime ministers of Australia by time in office, 10th Prime Minister of Australia, in office from 1932 until his death in 1939. He began his career in the Australian Labor Party (ALP), but became the founding leader of the United Australia Party (UAP) after the Australian Labor Party split of 1931. He had earlier served as Premier of Tasmania from 1923 to 1928. Lyons was born in Stanley, Tasmania, Stanley, Tasmania, and before entering politics worked as a schoolteacher. He was active in the Labor Party from a young age and won election to the Tasmanian House of Assembly in 1909. He served as Treasurer of Tasmania (1912–1914) under John Earle (Australian politician), John Earle, before replacing Earle as party leader in 1916. After two elections that ended in hung parliaments, Lyons was appointed premier in 1923 at the head of a minority government. He pursued mode ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Robert Menzies
The name Robert is an ancient Germanic given name, from Proto-Germanic "fame" and "bright" (''Hrōþiberhtaz''). Compare Old Dutch ''Robrecht'' and Old High German ''Hrodebert'' (a compound of ''Hrōþ, Hruod'' ( non, Hróðr) "fame, glory, honour, praise, renown" and ''berht'' "bright, light, shining"). It is the second most frequently used given name of ancient Germanic origin. It is also in use Robert (surname), as a surname. Another commonly used form of the name is Rupert (name), Rupert. After becoming widely used in Continental Europe it entered England in its Old French form ''Robert'', where an Old English cognate form (''Hrēodbēorht'', ''Hrodberht'', ''Hrēodbēorð'', ''Hrœdbœrð'', ''Hrœdberð'', ''Hrōðberχtŕ'') had existed before the Norman Conquest. The feminine version is Roberta (given name), Roberta. The Italian, Portuguese, and Spanish form is Roberto (given name), Roberto. Robert is also a common name in many Germanic languages, including English ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Debt Restructuring
Debt restructuring is a process that allows a private or public company or a sovereign entity facing cash flow problems and financial distress to reduce and renegotiate its delinquent debts to improve or restore liquidity so that it can continue its operations. Replacement of old debt by new debt when not under financial distress is called "refinancing". Out-of-court restructurings, also known as s, are increasingly becoming a global reality. Motivation Debt restructuring involves a reduction of debt and an extension of payment terms and is usually less expensive than bankruptcy. The main costs associated with debt restructuring are the time and effort spent negotiating with bankers, creditors, vendors, and tax authorities. In the United States, small business bankruptcy filings cost at least $50,000 in legal and court fees, and filing costs in excess of $100,000 are common. By some measures, only 20% of firms survive Chapter 11 bankruptcy filings. Historically, debt restruc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Default (finance)
In finance, default is failure to meet the legal obligations (or conditions) of a loan, for example when a home buyer fails to make a mortgage payment, or when a corporation or government fails to pay a bond which has reached maturity. A national or sovereign default is the failure or refusal of a government to repay its national debt. The biggest private default in history is Lehman Brothers, with over $600 billion when it filed for bankruptcy in 2008. The biggest sovereign default is Greece, with $138 billion in March 2012. Distinction from insolvency, illiquidity and bankruptcy The term "default" should be distinguished from the terms "insolvency", illiquidity and " bankruptcy": * Default: Debtors have been passed behind the payment deadline on a debt whose payment was due. * Illiquidity: Debtors have insufficient cash (or other "liquefiable" assets) to pay debts. * Insolvency: A legal term meaning debtors are unable to pay their debts. * Bankruptcy: A legal finding tha ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Great Depression In Australia
Australia suffered badly during the period of the Great Depression of the 1930s. The Depression began with the Wall Street Crash of 1929 and rapidly spread worldwide. As in other nations, Australia suffered years of high unemployment, poverty, low profits, deflation, plunging incomes, and lost opportunities for economic growth and personal advancement. The Australian economy and foreign policy largely rested upon its place as a primary producer within the British Empire, and Australia's important export industries, particularly primary products such as wool and wheat, suffered significantly from the collapse in international demand. Unemployment reached a record high of around 30% in 1932, and gross domestic product declined by 10% between 1929 and 1931. There were also incidents of civil unrest, particularly in Australia's largest city, Sydney. Though Australian Communist and far right movements were active in the Depression, they remained largely on the periphery of Austra ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Insider Trading
Insider trading is the trading of a public company's stock or other securities (such as bonds or stock options) based on material, nonpublic information about the company. In various countries, some kinds of trading based on insider information is illegal. This is because it is seen as unfair to other investors who do not have access to the information, as the investor with insider information could potentially make larger profits than a typical investor could make. The rules governing insider trading are complex and vary significantly from country to country. The extent of enforcement also varies from one country to another. The definition of insider in one jurisdiction can be broad, and may cover not only insiders themselves but also any persons related to them, such as brokers, associates, and even family members. A person who becomes aware of non-public information and trades on that basis may be guilty of a crime. Trading by specific insiders, such as employees, is commonl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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