Slightly more optimistic economic figures gives Scott Morrison and the Turnbull government a boost heading into 2018, as the charts explain.
Lukas Coch/AAP and The Conversation
Seven charts on the highlights from the government’s mid year update of the budget.
Fewer government welfare recipients due to higher than expected employment growth provides a slightly stronger budget outlook for the Turnbull government as they head into 2018.
Lukas Coch/AAP
The improvements in the government’s debt position are entirely because of revisions in economic assumptions, not fantastic fiscal management.
Watered down higher education measures, a stronger employment rate and lower than expected debt levels are the highlights for MYEFO 2017.
Lukas Coch/AAP
The 2017 budget update will show an improvement in the outlook for debt compared with projections in May.
It’s possible that CBA’s willingness to admit as much of its conduct as it has, signals the bank might resolve the class action through a settlement.
Dean Lewins/AAP
If Bitcoin is a bubble, it will be because its price rises are too great and can’t continue. If it isn’t, it will be because the Bitcoin market is still expanding. We just don’t know which one yet.
Westfield Burwood circa 1999, a year before being demolished to make way for a new Westfield building.
Wikimedia Commons (unknown author)
The fact that Westfield’s founders are moving out of physical store development to invest in innovative retail technology shows what’s to come in Australian retail.
Retail Food Group (RFG) Managing Director Andre Nell (right) and Chairman Colin Archer. The company has been the focus of the latest investigation into franchise problems.
Dan Peled/AAP
There are some hallmark problems within franchising in Australia and internationally and not all are within the franchisor’s or franchisees’ control to fix.
Demand is growing for aged care workers in regional areas and so policymakers should be focused on this rather than manufacturing jobs.
Paul Miller/AAP
Research shows investment in large events doesn’t pay off. There are thousands of community events across Australia that offer a better bang for buck.
The incidence of poverty among people over 65 is decreasing in part because of increased labour force participation.
Col Ford and Natasha de Vere/Flickr
Jenni Henderson, The Conversation; Josh Nicholas, The Conversation; Callum Halliday, The Conversation, and Eleanor Harrison-Dengate, The Conversation
Business Briefing: What happened to the price of Bitcoin? The truth behind big bubbles and crashes
The Conversation24.8 MB(download)
On this episode of Business Briefing we unpack great heights and crashing lows of a bubble and a crash.
Tourism businesses should start by communicating precisely what they are going to do about the situation to the customer - quickly and clearly, to reduce uncertainty and avoid confusion.
Gede Surya/AAP
Businesses worth their weight in salt should at least in principle have the capacity to remedy situations that go wrong, as part of their modus operandi.
The rush of dopamine upon opening a subscription box is similar to the one experienced by gamblers.
hectore/Flickr
Retailers are banking on some of our behavioural and emotional traits to get us to sign up to subscription boxes.
The bulk of potential new jobs associated with automation at Amazon are unlikely to happen in Australia - but rather where robots are developed and manufactured.
Joe Castro/AAP
Research shows that coaching employees makes them feel valued and empowered, and builds better relationships with management.
Young job seekers are more likely to be registered with Centrelink than older job seekers, while those aged 25 and over tended to rely more on social networks and employment agencies when looking for work.
Amtec Staffing/Flickr
Research shows social enterprises employ more people with disabilities, female managers and long-term unemployed than regular businesses. This will be key to a more inclusive economy.
Some sectors, like supermarkets, are not natural monopolies, but have significant economies of scale.
Sam Mooy/AAP