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- ROD TIFFIN. Murdoch and Stokes 19 September 2018
- JENNY HOCKING. ‘Bullying, betrayal and backstabbing’: Can the Liberal party survive? 19 September 2018
- WAYNE SWAN. Ten years after the crash, tax competition threatens global economies and democracies. 19 September 2018
- ANDREW PROBYN. What did Rupert Murdoch and Kerry Stokes have to do with the Liberal leadership spill? (ABC News, 18.09.18) 19 September 2018
- JOE ASTON. Rupert Murdoch to Kerry Stokes: “Malcolm has to go.” (AFR 18.9.2018) 19 September 2018
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Category Archives: Economy
Ten years ago, the global financial system was rocked by the largest crisis since the Great Depression.
The mystery revealed. Consider this: how does the Morrison government cut income and company taxes and avoid big cuts in government spending, but still project ever-rising budget surpluses and ever-falling net public debt over the next decade? With publication of … Continue reading
DAVID STEPHENS. The Australian War Memorial admits receiving $1,271,473 over three years in donations from military and defence firms.
During Budget Estimates hearings, then Greens Senator Lee Rhiannon (NSW) asked Dr Brendan Nelson, Director of the Australian War Memorial, how much the Memorial had received in donations from military and defence firms. The answer covered the years 2015-16, 2016-17, … Continue reading
“No one would remember the Good Samaritan if he’d only had good intentions; he had money as well.”
JOHN MENADUE. Beyond the political rhetoric,hard hats and akubras what do our political ‘leaders’ really believe.
Power does reveal substance. It tells us quite quickly about the values that drive political parties and political leaders. Scare tactics are always a sure sign that the values and policy cupboard is bare.
A regular collection of links to writings and broadcasts covered in other media.
How much is our disillusionment with politicians, governments and even democracy the result of our pollies’ 30-year love affair with that newly recognised mega-evil “neoliberalism”? To a considerable extent, according to Dr Richard Denniss, of the Australia Institute, in the … Continue reading
Never mind the fines and compensation building up, what about retail fund managers losing more than $20 billion of assets in the June quarter?
People are generally living longer than previous generations across most parts of the world. Rising life expectancy is a result of advances in medicine as well as improving living standards and healthier lifestyles. But while this should be celebrated for … Continue reading
The bullish speculations by Mark Carnegie (see below) about industry super funds clawing back their share of the superannuation market from the banks, and potentially capturing a quarter of Australia’s mortgage and business lending, certainly got attention. It is worth … Continue reading
JOHN QUIGGIN. Our financial system only works for the 1%. It will take another crash to fix it (The Guardian, 03.09.18)
The royal commission into banks has uncovered fraud and misconduct on a massive scale, amounting to nearly $1bn and perhaps more. The usual defences of “bad apples” and “rogue advisers” have fallen apart as it becomes evident the problems are … Continue reading
The AFR reports Mark Carnegie of the Superannuation Trustees saying that their funds could move into High Street banking as the Big Four retreat after being found with their hands in the cookie jar. Even Auspost could pile into the … Continue reading
As the 10th anniversary of the start of the global financial crisis approaches, a wave of retrospective reviews is bearing down on us. Many of them will try to answer the Big Question: Has the financial system been fundamentally reformed, … Continue reading
Whether the U.K. crashes out from the E.U. or retains some residual connections with the Customs Union it will need to negotiate ab initio its position as an independent, free-standing member of the WTO. Indeed the U.K. is placing much … Continue reading
In 1988, with the Hawke government successfully carrying through a program of profound economic reform while avoiding the social divisiveness that characterised Margaret Thatcher’s not dissimilar policies in Britain, and with John Howard’s toe in the water on a return to … Continue reading
Mine is the lucky generation – our parents endured hardship, enjoyed unsurpassed economic growth and shielded us from the past. But what will be our legacy?
Wealthy people are stuffing their kitchen cupboards with donated goods and their sheds with free hay while animal welfare is being ignored and low-paid rural workers go without favours.
It is clear to almost everyone that new coal fired generators will be not only very polluting but much more expensive to operate than the generation of power from renewables. But the Coalition keeps pressing the case for coal . … Continue reading
The Hayne Royal Commission has, so far, found not just “misconduct”, but a long list of dubious activities over previous money laundering and insider trading cases. Such tactics are common to the largest finance centres, Wall Street and the City … Continue reading
The Liberal Party has a new “leader”, but there is still a dearth of the leadership in the Liberal Party, which seems to be unable to deal with hard issues, such as meeting our emissions target and coping with the … Continue reading
After failing with his National Energy Guarantee, Josh Frydenberg rushed to Melbourne to get some tips from Peter Costello about handling his new Treasury portfolio. In fawning style over coffee, Frydenberg described Costello as ‘the greatest living Treasurer’. It is … Continue reading
The list of failures continues to grow, the list of official bodies too weak, too chummy, too lacking fire-in-the-belly to help the millions of Australians unknowingly stuck in under-performing superannuation funds.
There are two explanations for the withering of Australian Political Science: the increasing shift in domestic student preferences away from studying local issues and towards International Studies, and the impact of universities maximising the economic benefits to be derived from … Continue reading
JOHN MENADUE. The failure of the National Party on rural poverty and rural health. Repost from 23 February 2018
Country electorates have the most disadvantaged people, the poorest health and inferior health services. But the National Party does very little about it. Does it care? The National Party record on climate change,NBN and irrigation is appalling.I have written previously on … Continue reading
The National Energy Guarantee can possibly be made to work – to improve the reliability of power supplies, to reduce emissions, and to reduce people’s power bills – but not in its present form.
The National Party remains highly sceptical of climate change and its effect on farmers. Yet the science is clear that global warming has contributed to the current drought. Some farmers are pointing to the failure of the National Party to … Continue reading
PETER SMALL. Mulesing; Have we convinced ourselves of our own rhetoric to the wool industries detriment?
It is five years since I first went to China and I heard the plea of wool processors for Australia to do something to increase the availability wool from non-mulsed sheep. I responded with the well-worn rhetoric as to why … Continue reading
IAN McAULEY. Don’t rush to endorse the National Energy Guarantee: There’s an election in a few months.
The best outcome for electricity consumers would be for state governments to kill the National Energy Guarantee when the COAG energy council meets on Friday. Having gone nine years without a well-grounded energy policy we can wait a few months … Continue reading
Years of cat-herding by those who actually know and care about Australia’s electricity market will come to fruition this week with the meeting of COAG energy ministers to discuss the National Energy Guarantee, and possibly make a decision about it. … Continue reading
President Trump’s protectionist policies have been widely criticised and rightly so. What is more surprising is the lack of analysis as to why America has a long-standing trade deficit, and the contradictory and self-defeating nature of President Trump’s overall economic … Continue reading