
GDP is not what you think it is, which is no accident
Richard Denniss
This is an edited extract of More Fool Me (Vantage Point Issue 6) by Richard Denniss, published by The Australia Institute. Available from the 4th of August.

Richard Denniss
This is an edited extract of More Fool Me (Vantage Point Issue 6) by Richard Denniss, published by The Australia Institute. Available from the 4th of August.

There have been some recent claims that the Journalism Assistance Fund is funnelled toward left-wing outlets, but this is not true.

From today, with the end of the cut in the fuel excise, petrol is back at full price. And over the past month, Australians have experienced economic pain equivalent to around one and a half RBA rate rises.

Oil and gas giant Woodside has reported $6 billion in revenue over the past three months, an increase of nearly 30 per cent. It has led some media outlets to label the fossil fuel company as “one of Australia’s biggest winners” from war in the Middle East.

The good news is that headline inflation went down to 3.8%, (from 4% last month) with the trimmed mean (the inflation rate with the most volatile bits removed) unchanged at 3.6%. Both of these were below what the market and the RBA were predicting.

Queensland’s controversial laws banning two phrases used in pro-Palestine demonstrations will be tested in the High Court, with a group of activists arguing the legislation unlawfully restricts political communication.

What could the romantic poets of the Eighteenth Century possibly teach us about modern politics? For those struggling to convince people to question existing practices and consider new ways of doing things, the answer is: quite a lot.

It isn’t always easy to keep up with what’s happening in the US. “Shorter America” is a series where Dr Emma Shortis loops you in on what’s going on in America and shares news and analysis that you can trust.

Australia risks being left with billions of dollars in stranded assets if it continues expanding fossil fuel projects while key Asian markets continue shifting towards renewable energy.

Young Australians who experience homelessness are far more likely to face financial hardship, poor mental health and disruptions to their education, with new research revealing the compounding disadvantage that comes with housing instability.

Australia’s biggest conservation organisations have united behind a call to end native forest logging, arguing governments should protect forests for their environmental value rather than use them to offset fossil fuel emissions.
