Donald Trump has resorted to tariffs, imposed against friend and foe alike. There are no compromises or special deals because it’s not about favours for friends, or compliance, or punishment. Tariffs are part of a desperate bid to stave off insolvency. Presidential adviser Elon Musk has provided an important insight into the slew of seemingly Continue reading »
Economy
I don’t know if you noticed, but the federal election campaign began on Sunday. The date of the election has yet to be announced – it may be mid-April or mid-May – but hostilities have begun. And they began with an issue that’s been big in election campaigns for 50 years: Medicare. On Sunday, Anthony Continue reading »
Peanut Butter is a staple diet for many of us living busy lives and seeking tasty nutrition in a jar. And for those like me who love Bega’s brand of (Smooth) PB (see how it naturally aligns with ‘Personal Best’?), we can be doubly proud that the Australian-owned company behind this brand is part of Continue reading »
As a quick study in the psychology of Australia-US relations, last week had it all. There was the sound of cash registers ringing in Washington as Canberra handed over the first cheque for the US nuclear submarine production base. There was the self-aggrandisement of Richard Marles at the Pentagon, chuffed at being the first defence Continue reading »
With this year’s federal budget supposedly brought forward to 25 March, the seasonal peak in business bulldust has come early. Last week, Canberra kicked off an annual ritual little noticed in real-world Australia, the call for “pre-budget” submissions on what the government should do in its budget. I’ve never known any of that free advice Continue reading »
The decline in manufacturing jobs is common to most developed economies and is not unique to the US. Further, Donald Trump is nothing if not delusional, and his tariffs will only damage both the US economy and others as well. Employment in US manufacturing peaked a long time ago back, in June 1979. Since then, Continue reading »
I am not suffering from what some of President Donald Trump’s more fervent supporters — both in the US and in Australia — like to call “Trump derangement syndrome”. That is, I’m not disputing that he won the presidential election held last November “fair and square”, as did the Republican Party in both the House Continue reading »
In Australia at the federal level of government, we have some of the shortest election cycles in the world: often barely three years. This mitigates against even medium-term planning. A new government takes a year to learn the ropes of office, another year to govern before preparing for re-election in the third. And even if Continue reading »
Well, they did it! The Reserve Bank of Australia Board decided, at its meeting conducted over the past two days, to cut its official cash rate by 25 basis points to 4.10%, after having held it at 4.35% since November 2023, and having raised it by 425 basis points over the preceding 18 months. Today’s Continue reading »
Right now, the prospect of much improvement in being able to afford a home of your own isn’t bright. We don’t look like solving the problem any time soon. But I’ve been watching and writing about the steady worsening in housing affordability for the best part of 50 years, and I’m more optimistic today than Continue reading »