Regularly, Western media claims that China’s run is near an end and that collapse is just around the corner. So constant has this become, it is like a broken gramophone record. Recently predictions of this collapse have been couched around the indebtedness of some major players in the Chinese property market. The ‘inevitable collapse’, however, Continue reading »
Economy
Anyone who thinks so is just plain dumb. It has obviously been stunningly successful. It has produced huge increases in wealth, for instance in the last few years the three richest people in Australia doubled their wealth. It has worked like a dream. The trouble is that it does not and is not designed to Continue reading »
The Productivity Commission has released a damning report on Australia’s worsening public and community housing disaster. Needs have increased, supply has not and the various announced policies stretching out in the distance aren’t enough to make a significant difference. However bad you think the Australian public and community housing crisis is, it worsened over the Continue reading »
A new report by the Public Accounts Committee lambasts the Treasury for being 'too passive' in chasing up the cash, resulting in inaccurate figures
Anthony Albanese risks being the man who did what Scott Morrison couldn’t – easing the tax burden of the rich. I have no inside info on whether Anthony Albanese will stick to his oft-repeated promise to deliver the stage 3 tax cuts intact on July 1, or change them in some way because the cost-ofliving Continue reading »
On Monday the US launched its eighth wave of airstrikes in its new war against Yemeni forces, which it has now formally titled “Operation Poseidon Archer”. The strikes are aimed at breaking a Red Sea shipping blockade which the de facto authorities in Yemen have implemented to pressure Israel and its allies into ceasing the Continue reading »
As Australia Day looms it’s not surprising that Peter Dutton has yet again found another culture war to prosecute – this time against Woolworths’ decision not to stock Australia Day themed goods. The approach worked with the Voice campaign but if this is going to be his main tactic in the year or so to Continue reading »
The science is in. The European Union’s Copernicus Climate Change Service has overnight confirmed that 2023 was the earth’s warmest year on record: 0.16°C warmer than the previous record year (2016); 0.6°C warmer than the 1991-2020 average; 1.48°C warmer than the pre-industrial period. The report from Copernicus notes that each month from June to December Continue reading »
America insists on treating China as an economic threat, but the reality is that China’s economic advancement has benefited us all. Instead, the stagnation of wages and manufacturing job losses experienced by Trump supporters in the US largely reflects the impact of technological change. For the best part of forty years, from the late 1970s Continue reading »
In a recent speech, the Federal Treasurer hastily bundled together three things that he felt superannuation funds ought to invest in: renewable energy, defence and housing. It was a classic ‘sandwich’ communication: bracket the unpleasant item between two that sound good. I agree that super funds investing in renewable energy makes good investment sense and Continue reading »