This week’s budget was clearly highly political. The question is what its economic impact will be. My overall assessment is that the Abbott government has burnt too much political capital for too little…
- Dean of the Wharton School, University of Pennsylvania
Most commentary on the US government shutdown concerns the apparent disregard some pigheaded Republicans have for the harm it could do to the American and global economies. While the shutdown will likely…
Tony Abbott became prime minister on Saturday by promising to lead an adult government of competence and stability after years of Labor infighting and backflips. Policy details and bankable pledges were…
After beating up Kevin Rudd and Labor over debt and deficits for years, Tony Abbott has now dumped any return to surplus mantra, merely saying a Coalition government would beat Labor’s bottom line over…
New figures released from the US Bureau of Economic Analysis show the US economy has grown by an annualised rate of 1.7% in the third quarter, modestly above expectations. The IMF’s recent annual report…
The response to US Federal Reserve Ben Bernanke’s comments about the possibility of ending its policy of quantitatitive easing has helped evoke a global sell-off as markets question his upbeat assessment…
Finding bright spots in the US economy is a seemingly thankless task. The unemployment rate, despite dipping slightly in previous months, remains above 8%; last month, employers could only add 96,000 jobs…
Barack Obama has laid out a US$447 billion (A$421 billion) plan to cut payroll taxes and boost government spending to create jobs, in a bid to “jolt” the stalled US economy back to life. Obama told a joint…
Europe is on the decline. The US has its own problems. Meanwhile, China and India appear strong. But is it too soon pick the next global superpower? In this Q+A, Professor Geoffrey Garrett, CEO of the…
US President Barack Obama has released the long form of his birth certificate in order to quash questions of his legitimacy as President. Business and media identity Donald Trump had been key in questioning…
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