Michael Lewis’s new book tells the remarkable story of the rise and fall of a very contemporary tycoon.
- Senior lecturer, Canberra School of Government, University of Canberra
Hayden investigated floating the dollar a decade before Labor did it, and he cut taxes and slashed spending growth, putting Labor on a new course.
This is why no one is buying your cartoon ape.
The new paper says closer to 2.8 million Australians are in some way unemployed, equivalent to one-fifth of the current workforce. That’s much more than the official unemployment total of 539,700.
Official data confirms what we are all experiencing - the cost of most things has jumped. So how is this measured and where are the biggest increases?
Inflation has slipped faster than the Reserve Bank thought it would, and the underlying rate is down to 5.4%. The bank is likely to tread cautiously from here on.
For measures of wellbeing to be useful to the budget process, they will need to be both timely and capture more than the ‘average’.
Barely 2% of Australians or Americans use Bitcoin for its intended purpose: to buy things. Should we even call it a cryptocurrency?
Unless we boost productivity, wages growth could sink back to 2-3%. The Productivity Commission has some good solutions – and we’d argue redesigning the Stage 3 tax cuts should be on the list too.
Per person, gross domestic product shrank 0.2% in the three months to March, the most outside of a COVID downturn since 2016.
The RBA’s latest forecasts assume no further rate rises will be needed. There’s nothing in the budget that should change that.
Australia’s inflation data for the March quarter suggests the central bank will impose one or two further increases to meet its policy objectives.
The chances of any bank in Australia or New Zealand following the trajectory of Silicon Valley Bank and Credit Suisse is effectively zero.
Australia faces an unpredictable global outlook, rising interest rates and wages not keeping up with the cost of living.
Reserve Bank of Australia governor Philip Lowe is unrepentant about the prospect of further interest-rate rises. In fact, he says there’s a risk the bank is not doing enough.
While breaking with one “tradition”, an Indigenous motif on Australia’s $5 banknote will restore another.
The Whitlam government’s economic performance was certainly not perfect. But it deserves a better reputation than it has.
Victoria’s real gross state product has grown by 5.6%, while New South Wales has fallen to 1.8%.
Problems in yet another crypto-related company have raised further doubts about the sector.
It’s not just the numbers that have changed in Jim Chalmers’ first budget. There is an emphasis on climate change and wellbeing, too.
What if we could direct where our taxes went and see the invoices paid. It’s a serious suggestion.
Australia’s first major time-use survey since 2006 shows unpaid domestic and caring responsibilities are still principally done by women.
Presiden El Salvador Nayib Bukele berpikir menjadikan Bitcoin alat pembayaran resmi akan merevolusi ekonomi negaranya. Sayangnya, dia salah.
El Salvador’s President Nayib Bukele thought making Bitcoin legal tender would revolutionise his country’s economy, He was wrong.
Australia’s economy grew unusually strongly in the year to June, when interest rate increases were yet to bite.
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