Economy
OECD report shows LNP climate irrelevance, while Safeguard Mechanism among least effective emissions reduction schemes in world
The report demonstrates that Australia’s safeguard mechanism remains one of the least effective programs for reducing emissions, and relies the most on carbon credits.
Don’t hobble Victoria with complaints about taxes, debt and deficit
Big business never tires of saying taxes are bad, yet those same companies thrive on the very services taxes pay for.
Genuine economic reform is long overdue
Seven radical changes to create an economics that serves planet and people.
Overall unemployment falls, but the jobs market remains weak
The fall in unemployment rate effectively rules out any remaining chance of an interest rate cut when the Reserve Bank monetary policy board meets next month
Economists are pressing the RBA to prioritise unemployment data more and stop operating in “continual fear of inflation”
Indicators suggest that unemployment is going to keep going up, and the RBA's decisions aren't helping.
ANZ is last of the big bad banks to report their profit
The big four have now all reported their obscene profits for 2025 as they continue to dominate the Australian market
The Senate is about to have an inquiry into the leading driver of expensive housing
The Greens, with the support of the Coalition, have established a Senate inquiry into the capital gains tax (CGT) discount. The CGT discount is an enormous tax concession that goes to people who buy investment properties.
Free electricity: AGL and the other retailers will fight to keep their outrageous markups on electricity
Solar power is producing more electricity than needed in the middle of the day when the sun is strongest. In turn that has reduced prices to zero in the middle of the day.
The Reserve Bank still thinks the labour market is tight. What evidence does it need?
Yesterday the Reserve Bank of Australia announced no change in official interest rates. Among other reasons it said “measures of labour underutilisation remain at low rates, job vacancies are still at a high level and business surveys and liaison continue to suggest that a significant share of firms are experiencing difficulty sourcing labour.”
