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Big government is back, but not in Australia
Both the United States and the UK have recently announced policies to increase their tax rates, and spend the revenue on new social policies, as part of their economic response to the pandemic. But Australia is bucking the trend. Today, Mike Seccombe on what Australia’s economic recovery plan is, and who stands to benefit.
The crisis we should have seen coming
There are growing fears that homelessness could soon rise in Australia. One of the most at risk groups in the country is older women, who face both age and gender discrimination. Today, Kristine Ziwica on the homelessness crisis Australia should have seen coming.
Why is Australia’s vaccine rollout taking so long?
Australia’s Covid-19 vaccination rollout is already behind schedule, but while the headlines have focused on issues with supply and delivery, there are much deeper problems. Today, Mike Seccombe on the challenges to the federal government’s vaccination plan, and what’s at stake if we don’t get it right.
Why won’t house prices go down?
Australian property prices have just hit a record high -– despite predictions the market would crash during the pandemic. So what will it take for prices to go down?
The Liberal MP who wants to empty your super
The Coalition’s surprise win at the last federal election is largely attributed to a relentless campaign targeting Labor’s key economic policies, led by Liberal MP Tim Wilson. Now Wilson has launched a new campaign to reshape the four trillion dollar superannuation industry. Today, Rick Morton on the Liberal vision for our retirement savings, and how it would impact all of us.
The Australian Open has divided the country. But could it save sport?
While thousands of Australians are still stranded overseas, 1,200 tennis players, officials and support staff have flown into Melbourne to take part in the Australian Open. Today, Ben Rothenberg on the debate over the decision to go ahead with the tournament, and what it could mean for the future of global sports.
Yanis Varoufakis on making billionaires richer
The world is struggling to contain the fallout of the coronavirus, but has the pandemic exposed something more fundamentally broken about our economic system? Today, Yanis Varoufakis on where things went wrong, and how to envisage a fairer world.
Scott Morrison’s Labor obsession
As political battles over the government’s stimulus measures and proposed industrial relations reforms loom, Scott Morrison has been taking aim at the federal opposition. Today, Paul Bongiorno on how the prime minister is drawing influence from his political predecessors.
The people the government left behind
Experts have accused the government of failing to properly fund the aged care sector in this year’s federal budget. Advocacy groups are also concerned about the lack of support for young people, women, the unemployed and migrants. Today, Rick Morton on the groups left behind by the Morrison government’s recovery plan.
Albanese draws the political battlelines
In his budget reply speech last night Opposition leader Anthony Albanese outlined his response to the economic crisis and criticised the federal government for spending in the wrong places. Today, Paul Bongiorno on how the political battlelines between the major parties are being drawn.
Budget 2020: Getting on with the jobs
Josh Frydenberg’s second budget is a world away from the surplus he was predicting last year. Now, in the middle of a pandemic, debt is on track to hit $1 trillion and the Treasurer is talking up a jobs-led recovery.
“The most important budget since World War II”
As the Treasurer prepares the upcoming federal budget he’s facing pressure to spend big and keep the economy afloat. But can a government historically preoccupied with cutting spending invest more in economic stimulus? Today, Paul Bongiorno on the challenge facing Josh Frydenberg, and the country.
The cliff and the climate
The federal Opposition is seeking to capitalise on the current economic downturn by arguing that the government’s policies are making things worse. Meanwhile, the prime minister is pinning his hopes on a gas-led recovery. Today, Paul Bongiorno on how Labor fired up, and the political battle over energy policy.
The calm before the recession
Australia’s economy has taken its biggest hit since the Great Depression, but so far government stimulus measures have cushioned most people and businesses from the worst impacts. Those stimulus measures are about to dry up. Today, the upcoming danger zone for Australia’s economy, and how we can avoid it.
Death tax for booty
Inheritance taxes are a feature of most advanced economies, including the UK and the US. But in Australia they haven’t been levied for 40 years, and their abolition has contributed to growing inequality in the country. Today, James Boyce on why now is the right time to restart the conversation on death taxes.
Here comes the recession
The Treasurer Josh Frydenberg started this week by launching an extraordinary attack on Victorian Premier Daniel Andrews, and ended it by presiding over the biggest fall in economic activity in decades. Today, Paul Bongiorno on Australia’s economic predicament and who’s really to blame.
Profiting off the unemployment boom
As Australia grapples with an unemployment crisis corporate job agencies are benefiting from a boom in government payments. Some are being accused of pressuring those looking for work. Today, Rick Morton on who is profiting from Australia’s unemployment industry.
Snapback: Scott Morrison's pandemic optimism
For months the prime minister has been projecting a return to normality, but what kind of Australia is waiting for us on the other side of the pandemic? Today, Sean Kelly on the type of society Scott Morrison envisions, and what might lie ahead.
Supercharging the generational wealth gap
The federal government’s decision to give workers access to their superannuation accounts risks dramatically increasing Australia’s generational wealth gap. Today, Mike Seccombe on how the government is reshaping the fundamental purpose of superannuation.
Morrison’s coronavirus backdowns
While most of the focus has been on Victoria, behind the scenes the federal government has been sending mixed-messages on economic policy and state border closures. Today, Paul Bongiorno on whether Scott Morrison is accurately reading the mood of the electorate during this phase of the crisis.
Reaganomics is back, baby
As Treasurer Josh Frydenburg praises Margaret Thatcher and Ronald Reagan’s economic policies, a controversial recovery plan is gaining traction. In today’s episode, Mike Seccombe discusses whether Australia can spend its way out of the crisis.
How Morrison is using coronavirus to destroy his critics
What drives Scott Morrison? And what can we learn about his ideology from the way he’s governing during this moment? Today, Richard Cooke on how the Prime Minister is using the pandemic to fulfil his political objectives.
Coronavirus and the rise of "zombie charities"
With volunteers staying at home due to Covid and donations drying up, there are serious concerns about the viability of Australia’s charity sector. Today, Mike Seccombe on the challenges charities are facing, and what we might lose if they collapse.
Who is Neville Power, the man leading Australia's coronavirus recovery?
The Prime Minister has revamped the National Covid Coordination Commission, the body he tasked with leading Australia’s pandemic recovery. But what do we really know about Neville Power, the man in charge? Today, Margaret Simons on Power’s background, and what the Commission is actually doing.
The broke and the brittle
As the government reveals the extent of the budget deficit, Scott Morrison has become increasingly short in answering questions.
Scott Morrison and the invisible woman
The decision to pull subsidies from childcare has caused alarm in the sector - especially because it is the only industry where this has happened.
The Prime Minister for NSW
As the pandemic worsens in Victoria, Scott Morrison has been careful to distance himself from bad news.
Setting up for the second wave
With Victoria one week into its second shutdown, and NSW on high alert, there are new fears about what a second wave could mean for Australia’s coronavirus recovery.
Morrison to the virus: ‘Ich bin ein Melburnian’
As Victoria enters a second lockdown, Scott Morrison has offered an apolitical response to the Labor state.
The truth about Australia’s coal curse
Australia’s economy is at a crossroads. Its current dependence on coal has its roots in a model built on wool exports, and it needs to change.
Justin Hemmes, the treasurer and the $100m wages case
New details have emerged in the Justin Hemmes wages case, as the treasurer confirms he consulted the businessman over the country’s largest ever spending measure.
Morrison’s economy (unplugged)
Scott Morrison is strongly against further economic stimulus. But as a $60 billion hole shows up in the JobKeeper program, questions are being asked about whether enough is being spent.
Who is really planning Australia’s economic comeback?
The Prime Minister has appointed a panel of business leaders to develop a blueprint for the country’s economic recovery, but there are serious questions over how they were picked. Today, Mike Seccombe on the vested interests leading this panel and what they’re pushing for.
Back in black. Cough, cough.
As the federal government struggles to rebuild Australia’s battered economy, the threat of a trade war with China risks hampering our recovery. Today, Paul Bongiorno on the twin challenges of rebuilding the economy, and managing our relationship with our largest trading partner.
The generation “done over” by coronavirus
Younger workers are bearing the brunt of the current economic downturn, just like they did during the GFC. Today, Mike Seccombe on how the pandemic is fuelling generational inequality.
The surplus disease
The Morrison government is committed to a budget surplus above all else. But as Paul Keating points out, this commitment can be a kind of sickness.