Economy
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Bob Kinnaird. 750,000 temporary residents with work rights.
The recent Fairfax/ABC Four Corners reports exposing widespread exploitation and wage abuse of overseas students and other visa workers in 7-11 stores, horticulture and other sectors have been justly applauded as outstanding examples of investigative journalism. Their impact has been immediate, forcing 7-11 to set up an independent investigation panel chaired by Alan Fels and Continue reading »
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Wasteful costs in health.
Following the ABC Four Corners program on health costs in Australia, there have been a number of very good follow up articles. The first, in The Conversation on 29 September is by Ray Moynihan ‘Costly and harmful: we need to tame the tsunami of too much medicine’. https://theconversation.com/costly-and-harmful-we-need-to-tame-the-tsunami-of-too-much-medicine-48239 The second, in the AFR on 5 Continue reading »
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Mark Carney and climate change – an historic speech
The following are extracts from a speech given by Mark Carney, The Governor of the Bank of England at a Lloyd’s of London dinner on 29 September 2015 He outlines how climate change is a huge financial risk, particularly for investments in unburnable fossil fuel assets. He points out that the vast majority of these Continue reading »
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Michael Keating. Austerity, the Greek Economy and Grexit
Faced with an unenviable choice between more austerity and a Grexit from the Euro the Greek Government after six months of resistance caved in and reluctantly opted for more austerity. Two weeks ago in the recent elections the Greek people endorsed that choice, although the record low voter turn-out suggests with little enthusiasm and much Continue reading »
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John Menadue. The government just does not get it on Free Trade Agreements.
I hope readers are not getting tired that I have said many times that the government continues to exaggerate the benefits of bilateral FTAs, most recently with Japan, Korea and China. With so little to show after two wasted years – increased debt, increased deficits, and not ‘stopping the boats’ despite telling us of success Continue reading »
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Why the Rich are so much Richer in the US
Nobel Prizewinner Joseph E. Stiglitz has been at the forefront of the debate in the US and elsewhere about growing inequality. In a recent review in the New York Review of Books, James Surowiecki comments on three recent books by Stiglitz. He says: “The numbers are, at this point, woefully familiar: the top 1% of Continue reading »
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Ian McAuley. Economic Management, Lobbyists and the Coalition Government.
On Abbott’s political departure David Marr wrote in The Guardian “Within days of his fall he’s looking like a prime minister Australia once had a long time ago”. Most people and organisations who have given him unwavering support ever since his narrow win as Opposition Leader in 2009 were remarkably quick in endorsing Turnbull’s judgement Continue reading »
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John Menadue. The smoko continues.
I have posted many blogs on this subject – how we have failed to equip Australia for our future in Asia. We just do not have the Asian literacy and skills we need for our future in the region. See blogs. The smoko continues (3 December 2014) and Will the new Colombo Plan work? (12 Continue reading »
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David Charles. Innovation, Disruption, Growth and Jobs of the Future
What a difference a day makes to so many things including innovation. Immediately prior to the replacement of Tony Abbott by Malcolm Turnbull the Commonwealth Government barely had innovation, to say nothing of digital disruption and start ups, on its radar. Its major achievements in the area of funding for innovation were mostly notable for Continue reading »
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Michael Keating. Fiscal Repair – both Revenue and Expenditure.
With Federal Budget deficits projected to continue indefinitely, the one thing that is generally agreed is that fiscal repair and consolidation is absolutely necessary. Where there is debate, however, is about how much of the repair job must be achieved by expenditure savings and how much by increasing revenue. In this regard, the new Treasurer Continue reading »
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John Menadue. Transfield, Manus and Nauru
Transfield and its subcontractors are profiteering from lucrative contracts to run detention centres on behalf of the Australian government on Manus and Nauru. All the indications are that there is widespread abuse and oppression particularly on Nauru. It is a disgrace. Present policies on Manus and Nauru are unsustainable yet Minister Dutton remains as Minister Continue reading »
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Dean Ashenden. Could Turnbull give a Gonski?
Until last week, Gonski’s last hope – and an increasingly promising one – was a Labor victory in 2016. Now, that hope has dimmed, but another has appeared. It would make political, ideological and policy sense for the Turnbull government and its new education minister, Simon Birmingham, to go back to Gonski. The story so Continue reading »
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Bob Kinnaird. China FTA and a diplomatic appointment.
As the government’s exaggerated claims of economic benefit and job creation from ChAFTA are increasingly exposed, the lead DFAT negotiator on the China FTA is set to be appointed the next Australian Ambassador to China. According to reports in the Australian Financial Review and Crikey, Ms Jan Adams DFAT Deputy Secretary was nominated before the Continue reading »
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Harold Levien. Solving our Housing Problem.
The new Turnbull Coalition has the opportunity to rewrite the economic policy, or lack of it, of the previous Abbott-Hockey Government. This greatly exacerbated Australia’s housing problem and was pushing Australia into recession. The Reserve Bank’s Governor Stevens recently explained that repeated interest rate reductions were attempting to stimulate the depressed economy. He suggested the Continue reading »
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Lynne Strong. Climate change and farming.
Farming in partnership with nature. I live in a very special part of the world. The view from my front verandah has rolling green hills to the left, the ocean to the right and in front of me – the ocean. You can understand why I call it paradise. Our family has been farming in this region Continue reading »
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John Menadue. Slogans vs Facts.
In my post of 16 September, I referred to the continual exaggeration over the benefits of Free Trade Agreements. There has been quite a pattern of this type of exaggeration with slogans rather than facts. One example of slogans and one-liners has been the Abbott government’s claim that it ‘Stopped the Boats’. This is just Continue reading »
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The Exaggeration over Free Trade Agreements.
I have posted many blogs in the last couple of years concerning the Free Trade Agreements with the Republic of Korea, Japan and China. I have pointed out that the years of negotiation of these agreements occurred under the Rudd and Gillard governments. The Abbott government gave the agreements the final touch. The other issues Continue reading »
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John Menadue. Turnbull and Abbott
Bill Shorten aside, most Australians will welcome our new Prime Minister, Malcolm Turnbull. He offers a more rational, humane and consultative style of leadership. His main problem will be how to reconcile his own progressive views on such issues as climate change, a republic and gay marriage, with the hard-heads in the parliamentary Liberal party. Continue reading »
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Ian Marsh. What wrong with Australia’s political system?
Most readers of this piece will not need lessons about the power of economic incentives. They know that efficient price signals can channel investment into productive assets and these same signals will drain funds from unconstructive pursuits. The same process more or less works at individual levels. Both good and bad performance is demonstrated by Continue reading »
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Peter Dixon and Maureen Rimmer. What’s really at stake if the China FTA falls through.
Earlier this month Australian Prime Minister Tony Abbott sounded a warning on the impact to Australia’s economy if the recently signed China-Australia Free Trade Agreement were to fail. In a statement, Abbott said: “If Bill Shorten and the Labor Party try to reject the China-Australia Free Trade Agreement they will be sabotaging our economic future Continue reading »
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Rod Tucker. The NBN: why it’s slow, expensive and obsolete.
The Abbott Coalition government came to power two years ago this week with a promise to change Labor’s fibre to the premises (FTTP) National Broadband Network (NBN) to one using less-expensive fibre-to-the-node (FTTN) technologies, spruiking its network with the three-word slogan: “Fast. Affordable. Sooner.” But with the release in August of the 2016 NBN corporate Continue reading »
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Paul Budde. The NBN – from bad to worse.
I am sure that I am just as frustrated as most Australians – especially as month after month, year after year, it becomes clearer that what I, along with others, have been saying since 2011 – that a cheaper and faster NBN such as the Coalition Government is trying to install by retrofitting ageing copper Continue reading »
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Bob Kinnaird. China FTA and binding trade treaties are undemocratic.
The China FTA and all international trade agreements are essentially undemocratic because they are ‘binding’ on all future Australian governments. They provide incumbent governments with the opportunity permanently to limit the options open to the Australian people and to tie the hands of their political opponents when they take office. Most Australians and probably some Continue reading »
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Alex Wodak. Incarcerating Nations
In the 18th C Britain struggled to accommodate a growing prison population incarcerated for social reasons, mainly poverty. After the America revolution in 1776, Britain became unable to keep sending its excess prisoners to America. The solution was to establish a prison colony in Australia in 1788. Britain never learnt that incarceration is not a Continue reading »
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Luke Fraser. Rail infrastructure failure.
RAIL: FEWER SPENDING CHEERLEADERS, MORE JIMMY CARTER. In June the Australian Financial Review hosted an Infrastructure Summit of the great and good in Sydney. It heard about the need for much more infrastructure: Australia was ‘well behind’ other countries in such matters. Nobody dwelt on the possibility that in transport at least, Australia might suffer Continue reading »
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Bob Kinnaird. China FTA truth still elusive
Two months after releasing the China FTA text the Coalition government has still not told the Australian people the truth about the labour mobility provisions in ChAFTA. The result is confusion even among usually well-informed commentators. Greg Sheridan Foreign Affairs Editor for The Australian says ‘the clause in the FTA that says there is no Continue reading »
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Stephen Harper. The closing of the Canadian mind.
Canadian Prime Minister, Stephen Harper, has no greater foreign admirer than Tony Abbott who gushed about him when he visited Ottawa a year ago. Like Tony Abbott, Stephen Harper has attacked science and the media. He has weakened citizenship laws and supports polluters. It sounds very familiar. For an article in the International New York Continue reading »
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Clive Hamilton. Damned Lies, Minister Hunt and Climate Models.
If you believe what you read in the Daily Telegraph saving the planet must mean trashing the economy. That’s their story and they’re sticking to it, no matter what the evidence shows. If the numbers show the opposite, well, they have ways. And so last week the Murdoch tabloid took a bunch of numbers concocted Continue reading »
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Naval shipbuilding in South Australia is a waste of money.
In this blog on 19 August, I reposted an earlier blog from Jon Stanford on ‘The government’s new naval shipbuilding policy’. Hugh White, a columnist at The Age and Professor of Strategic Studies at the Strategic and Defence Study Centre, ANU, has written a recent article on the same subject. The article is consistent with Continue reading »
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Jon Stanford. The government’s new naval shipbuilding policy
I think this is an outstanding article on naval shipbuilding, industry policy and economic prospects in South Australia. Jon Staford suggests that in terms of industry policy, ‘continuing to prop up the car industry … would probably have been a much cheaper way of [creating jobs]’. In case you have missed it, I have Continue reading »