Category Archives: Economy

BRIAN LAWRENCE. The Government’s tax package and Labor’s response: the perspective of a cleaner

The Government’s tax package is unfair to low paid workers. In response, the Labor Opposition has just announced that it will support Stage 1 of the package, within which is embeded much of that unfairness. How might we reduce the … Continue reading

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ANDREW PODGER. More Carefully Designed, a Stage Three Tax Measure Could Be a Responsible and Genuine Reform

At the time of last year’s budget, I wrote a [1] revealing how neither the Government’s nor the Labor Party’s then proposed tax changes would simplify the personal income tax system or offer genuine long-term reform. This was largely because … Continue reading

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JOHN WILLOUGHBY. Reflections on the average health of average people

I’m writing this, in the concluding years of a career in neurology and neuroscience, concerned for humanity. What do I conclude about the human condition at this time? In a nutshell: we are what we are: overbreeding mammals headed for … Continue reading

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MICHAEL KEATING. Lies, Damned Lies and [tax] statistics.

Last Saturday the Sydney Morning Herald (SMH) published an article, which purported to show that “Middle and high-income earners will face some of the highest tax rates in the English-speaking developed world unless the Morrison government’s $158 billion tax plan … Continue reading

Posted in Economy, Politics | 6 Comments

SATURDAY’s GOOD READING AND LISTENING FOR THE WEEKEND

A regular collection of links to writings and broadcasts in other media

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GAY ALCORN. Call to arms: how can Australia avoid a slow and painful decline? (The Guardian)

Australia has been warned it risks ‘drifting into the future’ if it fails to respond to challenges in a fast-changing world

Posted in Economy, Environment and climate | Comments Off on GAY ALCORN. Call to arms: how can Australia avoid a slow and painful decline? (The Guardian)

ROBIN SMIT, JAKE WHITEHEAD, NIC SURAWSKI. Australians could have saved over $1 billion in fuel if car emissions standards were introduced 3 years ago (The Conversation)

When it comes to road transport, Australia is at risk of becoming a climate villain as we lag behind international best practice on fuel efficiency.

Posted in Economy, Infrastructure | Comments Off on ROBIN SMIT, JAKE WHITEHEAD, NIC SURAWSKI. Australians could have saved over $1 billion in fuel if car emissions standards were introduced 3 years ago (The Conversation)

C.J. POLYCHRONIOU. Noam Chomsky: Trump’s “Economic Boom” Is a Sham (Truthout)

Donald Trump ran a campaign — and won the 2016 presidential election — based on unorthodox tactics, whereby he used irrational provocation to defy traditional political norms and make a mockery of established beliefs on both domestic and international issues … Continue reading

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SATURDAY’s GOOD READING AND LISTENING FOR THE WEEKEND  

A regular collection of links to writings and broadcasts in other media

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KATE FINLAYSON and TIM BUCKLEY. Queensland government about to make poor economic decision on Adani mine.

Following the Labor party’s defeat in May’s general election, the Queensland Labor government seems keen to approve the development of the Adani thermal coal mine as quickly as possible. However, a report released this week by the Institute for Energy … Continue reading

Posted in Economy, Environment and climate, Politics | 6 Comments

SANDI KEANE. The bank cat is out of the bag.

The cat is out of the bag. Bank shares have shot up since the surprise election result as new investors pile onto the great franking credits bandwagon.

Posted in Economy, Politics | 1 Comment

JOHN MENADUE. Spare us the details!

In the last election campaign I agreed with almost all of the ALP program, but clearly not enough of the public did. There was just too much to explain and communicate. The ALP did not succeed in telling it’s story … Continue reading

Posted in Economy, Politics | 14 Comments

TRACEY WEST. 3 lessons from behavioural economics Bill Shorten’s Labor Party forgot about (The Conversation)

The Australian Labor Party’s 2019 election campaign showed a depth and breadth of economic policies rare for an opposition party to present. Its policy agenda was boldly extensive. But in developing these policies over the past five years, it seems … Continue reading

Posted in Economy, Politics | 2 Comments

IAN McAULEY.  No wonder the real-estate agents went against Labor

A glance at movements in share prices since the election shows who expects to do well out of the Coalition’s win. (Spoiler –  it’s the finance sector.)

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JULIAN CRIBB. On the Need for an Earth Standard Currency.

In an age of existential emergency, when the future of human civilization depends on how successfully we manage to solve the ten global threats which are of our own making and which now confront us all, it is important for … Continue reading

Posted in Economy, International Affairs | 4 Comments

ROSS GITTINS. Morrison’s miracle election may turn out to be the easy bit. (SMH 19.5.2019)

The great risk from Scott Morrison’s miraculous victory is that it will lead politicians on both sides to draw conclusions that worsen our politics and our policies. Bill Shorten offered us a chance to change the government and change the … Continue reading

Posted in Economy, Politics | 2 Comments

MICHAEL KEATING. The Morrison Government’s Economic Policy

The Morrison Government has been returned – and it is the Morrison Government – which has been returned without the semblance of an economic policy. And this lack of a credible economic policy did not stop Morrison winning an election … Continue reading

Posted in Economy, Politics | 3 Comments

MICHAEL MAZENGARB. Global fossil fuel subsidies reach $5.2 trillion, and $29 billion in Australia (Renew Economy)

New analysis commissioned by the International Monetary Fund has shown that global fossil fuel subsidies continue to grow, despite the growing urgency of the need to decarbonise the global economy.

Posted in Economy, Environment and climate | 1 Comment

MICHAEL KEATING. This election offers a very real choice. Part 2

In a previous article (posted yesterday) I compared the Coalition and Labor fiscal plans. The credibility of these plans, as well as their value, depends significantly on whether the underlying economic parameters upon which the plans are based are sound, … Continue reading

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MARK CROSYBY. Trick question: who’s the better economic manager? (The Conversation)

In 1995 I co-authored a paper with Diane Brown and Louise Malady which examined economic outcomes under Labor and Liberal governments in Australia to that time.

Posted in Economy, Politics | 1 Comment

MICHAEL KEATING. This election offers a very real choice. Part I

The two major issues in this election are climate change and the economy and cost of living pressures. In both cases the two major parties are offering very different strategies. In these two articles I will focus on the economic … Continue reading

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MICHAEL PASCOE. Hey PM, you’re either lying or ignorant about the RBA’s forecasts. (New Daily, 12.5.2019)

Prime Minister Scott Morrison is either desperately lying or ignorant about the Reserve Bank seriously downgrading Australia’s economic outlook – a downgrade that could easily wipe out the government’s “back in black” surplus claim.  

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SATURDAY’s GOOD READING AND LISTENING FOR THE WEEKEND

A regular collection of links to writings and broadcasts in other media

Posted in Economy | 2 Comments

ELIZABETH SAVAGE. It’s hard to find out who Labor’s dividend imputation policy will hit, but it is possible, and it isn’t the poor. (The Conversation 8.5.2019)

Labor’s proposal to end cash refunds of unused dividend imputation credits is highly targeted. 

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CHRIS MILLS. Powering electric vehicles with ‘‘Swap-n-go” power packs

In Australia, a minuscule 0.3% of vehicles have electric propulsion, notwithstanding that those acknowledging the reality of anthropometric Global Warming recognise that transportation is the largest emitter of greenhouse gases.  Possible reasons for resistance to electric vehicle purchase include high … Continue reading

Posted in Economy, Environment and climate | 3 Comments

MARTIN WOLF. The politics of hope against that of fear (Financial Times 1.5.2019)

Charismatic politicians entice disillusioned people into giving them support. Some of those politicians are would-be despots. Others are scoundrels. Yet their siren songs are enticing. 

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SATURDAY’s GOOD READING AND LISTENING FOR THE WEEKEND 

A regular collection of links to writings and broadcasts in other media

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IOLA MATTHEWS. Bridging the gender pay gap, one case at a time (Sydney Morning Herald 26 April 2019)

The path to more equal pay for women is one issue that could be significantly affected by the result of the forthcoming federal election.

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SATURDAY’s GOOD READING AND LISTENING FOR THE WEEKEND

A regular collection of links to writings and broadcasts in other media

Posted in Economy | 2 Comments

JOCELYN PIXLEY. The Coalition’s Terms on Hayne’s Commission

When Morrison says, ‘Labor cannot manage money’, he must deny banks’ large-scale 2007-2011 crises – GFC – an outcome of Liberals’ mismanagement of money. Incoming Labor reversed looming depression in a brilliant world-first. The myth, john-menadue-the-myth-that-the-liberals-are-better-economic-managers/ P&I, relies on crucial cover–ups. Some are … Continue reading

Posted in Economy | 2 Comments