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Coronavirus, part three: the economics of a shutdown
With hundreds of thousands of Australians losing their jobs, the economic cost of coronavirus is becoming clear. Today, chief economist at The Australia Institute Richard Dennis on how we can get through the next 18 months.
The sniff, the scent of victory
As Labor responds to an internal review of its election defeat, some in the party feel they have already lost the next election.
The death toll of inequality
In Australia, the gap in life expectancy between the rich and poor has reached 10 years – the outcome of “savage capitalism”.
That won’t feed one cow
As Scott Morrison attempts to control the message on handling the drought, there is bad news for his claims to strong economic management.
Cash and the black economy
New legislation will restrict the way Australians use cash. But there are concerns the laws could jail people for using legal tender.
Spies and Chinese money
Australia’s relationship with Chinese investment has been remade in the past six years. David Uren on how ASIO helped transform the Foreign Investment Review Board.
Trump, Morrison, money and the drought
As Scott Morrison tried to shift Australia’s focus to the drought, and the cash rate fell below 1 per cent, Donald Trump’s paranoia followed the prime minister home.
What’s eating Philip Lowe
Philip Lowe is the governor of the Reserve Bank. He is a conventional person who’s been pushed by the economy to make unconventional choices.
The truth about wages
The reality of the wage debate in Australia is that companies are geared to pay dividends rather than to invest in growth – and the treasurer’s intervention does nothing to change that.
The case for raising Newstart
As the campaign to raise Newstart intensifies, details emerge of who is actually living on the payment and for how long.
Scott Morrison and the Laffer napkin
Scott Morrison’s tax cuts are based on an American theory of economics trialled in the 1970s, but the evidence since suggests it does not work.