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- SPENCER ZIFCAK. The Attorney-General, the ASIS Officer and his Lawyer: The Story of the Shameful Timor Prosecution
- PATRICIA EDGAR. The Circus that has been Government Policy on the ABC for Forty Years
- JOHN MENADUE. Sydney Metro: A Forty Billion Dollar Deception?
- EMMA ALBERICI. There’s no case for a corporate tax cut when one in five of Australia’s top companies don’t pay it.
- ERIC HODGENS. Storms and Synods.
- MUNGO MACCALUM. ACCC Report ignites squabbling. 17 July 2018
- GEOFF RABY. Lessons from China’s 40 years of reform – a very personal reflection 17 July 2018
- JOHN QUIGGIN. Australia’s failed energy policy needs more than just a Band-Aid (the Guardian 13.07.18) 17 July 2018
- KARL WILSON with Steve FitzGerald – Opening-up: The view from down under (China Daily 12/07/18) 17 July 2018
- PETER DAY: The Endarkenment 17 July 2018
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Category Archives: Economy
JOHN QUIGGIN. Australia’s failed energy policy needs more than just a Band-Aid (the Guardian 13.07.18)
The ACCC report is a mishmash of cognitive dissonance and half-baked suggestions for fixing the unfixable.
Falling levels of trust in Australian institutions is frequently raised in the media and other public discussions as a serious concern. Reports from the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry is providing an astonishing … Continue reading
JOHN MENADUE. The litany of anti social and failed privatisations. ( Edited repost from 21 July 2017)
Coalition politicians, bankers, accountants and lawyers still persist with their fixation with privatisation despite the fact that it is failing in one area after another and the electorate shows very clearly that it does not want it.
If something looks, walks and acts like a duck, it’s a duck. In the case of pharmacy giant Chemist Warehouse, however, it’s anything but.
The bill for decades of cynical politics is coming due.
The developed world’s economists have been racking their brains for explanations of the rich countries’ protracted period of weak improvement in the productivity of labour. I’ve thought of one that hasn’t had much attention.
Everyone knows the gap between high and low incomes has grown. But much of what we think we know about why it’s happened, and what the government has been doing about it, is probably wrong.
Allegations by whistleblowers about the way poker machines are operated at the casino in Melbourne have underlined how Victoria’s Casino Control Act allows pokies to operate in ways that encourage harmful gambling.
In the ‘debate’ over tax and the attacks on Bill Shorten, not one member of the Canberra Press Gallery could be bothered to explain to us that with dividend imputation the difference between a 25% and a 27% tax rate … Continue reading
Northern Australia is popularly defined as consisting of all Australian land north of the Tropic of Capricorn. The north has long struggled to secure the investment and development which the south-east of Australia has taken for granted, because it is … Continue reading
Mr Shorten has the right intentions about Western Sydney Rail but he needs to read Pearls and Irritations more carefully!
With the season of peak political bulldust already upon us, and the media holding a microphone to all the self-serving and often stupid arguments the politicians are having with each other, here’s a tip: if you want sense about our … Continue reading
We’re paralysed by a state of cultural anarchy that marks the decline of the Enlightenment Age and its class war that will see one percent of the world’s population owning over two thirds of all wealth by 2030. Do we … Continue reading
The real low and middle-income earners are being erased from the debate in an unhealthy and one-sided class war.
How bad, how dumb, how driven by internal political stupidities, how simply nonsensically odd are the electricity troglodytes pushing to keep the old Liddell coal-fired power station open for a few more years? Their case is destroyed by a single … Continue reading
Neither the politicians nor the media are helping the electorate to understand the issues around corporate taxation. Lowering the corporate tax rate for large companies would do hardly anything for Australian investors, but corporate executives, board members and foreign investors … Continue reading
CEDA survey “Community Pulse 2018 – Economic Disconnect” perhaps tells us what we already know: The vast majority feel that they have got less than a fair share of our years of growth, and our working conditions have worsened, and … Continue reading
CEDA (the Committee for Economic Development of Australia) has recently published a report (Community Pulse 2018: The Economic Disconnect) that shows that “there is a disconnect between Australia’s strong economic record and the community’s sense of having shared in the … Continue reading
STEVE LOHR China extends its lead as the top producer of supercomputers (New York Times 26 June 2018)
U.S. has world’s fastest, but rival surges ahead as the most prolific producer
The strange thing at the core of the Turnbull personal and company tax cuts is that the most important and controversial elements are so far away. And as John Kenneth Galbraith put it so succinctly ‘The modern Conservative is engaged … Continue reading
STEVE CANNANE. Banking royal commission: ‘Big four’ accountancy firms ‘heavily conflicted, should be under inquiry spotlight’ (ABC 25/6/2018)
Australia’s “big four” accountancy firms should be put under the spotlight of the banking royal commission, according to a British investigative journalist who has written an expose on their activities overseas.
Last week the Government got its personal income tax package through the Parliament. The Government estimates that these tax cuts will cost the Budget $144 billion over the next decade. The Government has not, however, provided us with convincing evidence … Continue reading
Australia’s wealthiest 5 per cent of taxpayers are set to receive a $7000 tax cut, after the Turnbull government’s income tax bill passed through the Senate with the help of Pauline Hanson’s One Nation.
Despite the debate and political rhetoric, most Australians have not been persuaded to support coal over renewables for the nation’s energy security. Almost all Australians remain in favour of renewables, rather than coal, as an energy source. In 2018, 84% … Continue reading
Thomas Piketty and his colleagues have used new data to track inequality and sharpen the choices we face.
Nowadays, we have people who are too rich,” he said. “In the United States you do not care so much about equality, but we care about it,” says Bodiou, a retired civil engineer.“It does not mean we all have to … Continue reading
The laws of supply and demand for labour are broken. The Australian economy is not getting the wage rises it needs and there’s no sign of that changing.
HANS HENDRISCHKE and WEI LI. Chinese investment in Australia falls as political debate hits confidence
Chinese direct investment in Australia has declined, according to a new report by the University of Sydney and KPMG. In 2017, the value of investment fell by 11% in US dollar terms, from $11.5 billion in 2016 (A$15.4 billion) to … Continue reading
The Financial Times has published a letter from Nicholas Gruen in response to Martin Wolf’s column about the Swiss ‘sovereign money’ referendum, previously reprinted on this blog). Mr Gruen’s letter is as follows: Given the resounding ‘no’ from the Swiss … Continue reading
JAMES FERNYHOUGH. Revealed: This is how much ordinary Australians really earn. (The New Daily June 8, 2018)
A casual glance at the news in recent months may have left you thinking the average Australian earns almost $85,000 a year. If that sounded insanely high to you, then your instincts were bang on. An ordinary Australian earns way, way less than … Continue reading