The Center for Economic and Policy Research (CEPR) just published a study about: The Human Consequences of Economic Sanctions. The results are as any observer of such acts would expect. Sanctions are used too broadly. They hardly ever serve their supposed original purpose and do not reach their aims. They hurt the poor more than Continue reading »
Economy
The way mercenary leader Yevgeny Prigozhin and his private army have been waging a significant part of Vladimir Putin’s war in Ukraine has been well covered in the American media, not least of all because his firm, the Wagner Group, draws most of its men from Russia’s prison system. Wagner offers “freedom” from Putin’s labor camps only to send Continue reading »
It is a big week for ‘but’ and ‘however’, delivered with some vehemence in responses to the Federal Budget. It is also a timely reminder that simple things matter, like our tone of voice in private and public conversations. We may all be happier and more grateful if we were carefully attentive to how we Continue reading »
The Government has announced the 2023-24 migration program will be set at 190,000 places – in headline terms a 5,000 place reduction on the 2022-23 migration program. Note the permanent migration program counts visas granted irrespective of whether the person is already in Australia or not. It is very different to net migration which counts Continue reading »
Labor has produced a responsible Budget that balances the need to advance traditional Labor priorities while also bringing inflation down. But there remains more to do. As was telegraphed weeks in advance, this Budget had two primary objectives. First, to help bring down inflation. Second, the Government wanted to provide support for living standards, targeted Continue reading »
In January, the Finance Secretary Paul Chan went to Davos as part of an effort to encourage the world to join the government in its “embrace of a new start” for Hong Kong and to sell its numerous inherent strengths. Combined with efforts that coincided with the full opening-up of Hong Kong and recent visits Continue reading »
A housing policy bonanza it most certainly was not, but related announcements in Budget 2023 included some modestly positive steps that supplement the Albanese Government’s existing array of housing initiatives. These included pledged new spending to ease cost of living pressures for hard-pressed renters, and to fund dwelling energy efficiency upgrades in social housing. On Continue reading »
The Government’s treatment of climate change in the 2023 Budget is a vast improvement on their conservative predecessors. That said, it continues a pattern of reluctance to face reality on the really big issues which will determine our future as a nation, notably on climate. At a micro level, the budget has much to commend Continue reading »
There were four major changes for health care in the 2023-24 budget: prioritising primary care, funding to strengthen Medicare, cheaper access to common medicines, and new funding to keep the digital health system going. Many of these changes were foreshadowed in recent weeks. The big news on budget night was a tripling of the bulk-billing incentive, a Continue reading »
The best word for this budget is “complacent”. There’s nothing wrong with it; it’s keeping us from getting further into trouble. But it’s doing little to deal with the many troubles we already have: the transition to renewable energy, declining home ownership, the rental crisis, and problems with Medicare and education. And that’s before you Continue reading »