Liu Bin, chief expert of China Automotive Technology & Research Centre (CATARC), explained that raising the temporary tariff rate on imported cars with large engines can further accelerate the green transition in China’s auto industry; and an article analysing the Biden Administration’s Section 301 Tariffs on China by a think tank affiliated with China’s Ministry Continue reading »
Economy
Russian weakness has enabled China to emerge as Eurasia’s dominant power. But it also limits the partnership of the two. Visits by heads of state to each other are cloaked in symbolism. But insensitivity to cultural or historical nuances can see the best of intentions go awry. In March 2013, when Xi Jinping made his Continue reading »
We are confronting a deep structural crisis in our society. We have confused the idea of democracy with the institutions of political parties and representative democracies. The major parties have become structures representing economic and security elites to which only second rate personalities flock, incapable of navigating the huge challenges we face globally. Meanwhile, the Continue reading »
Tranche 2 Anti Money Laundering and Counter Terror Financing Laws Protect Us All. In 1988, I was a trainee detective with the Australian Federal Police working in Sydney, when Australia passed the Cash Transaction Reports Act 1988 (later renamed the Financial Transaction Reports Act). This was the beginning of the introduction of Australia’s Anti-Money Laundering Continue reading »
Those who curb real trade and expand financial sanctions don’t seem to understand the likeliness of a destructive outcome for all. The West is wrecking the foundations of its prosperity. The United States has struck another blow at free trade. This week, US President Joe Biden announced wide-ranging tariff increases, including to 100 per cent Continue reading »
Relations between great powers and their neighbouring regions are often fraught. The cases of the United States and Latin America, or the European Union and North Africa, come to mind. For instance, tensions related to immigration from Latin America and North Africa, has led to the rise of right wing populism in the United States Continue reading »
The increasing number of Grandparents paying private school fees has enabled elite schools to evade Commonwealth parent income tests determining the rate of taxpayer funding that goes to society’s most wealthy and least in need students. Some private schools have acknowledged that many grandparents pay school fees. In effect, this is an admission that they Continue reading »
Brexit will cost British firms £7.5 billion a year in new costs, according to a new report, with hundreds of millions wasted on border facilities that were never used
Every element of Australia’s health system is in trouble. But you’d never know it from looking at this year’s budget. Every previous Labor government since the second world war had good reasons to boast of its performance in health policy. The Albanese government, on the evidence, does not. The 2024-25 budget leaves the nation’s crumbling Continue reading »
After considering Opposition criticisms, this article concludes that this Budget reflects Labor’s competent economic management. However, a more ambitious tax reform agenda is needed to adequately provide all the services that Australians expect. Labor’s macroeconomic strategy Essentially Labor faced a difficult balancing act with this budget. The challenge was to improve the cost of living Continue reading »