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NSW Treasurer Andrew Constance with the 2014 budget. An economic analysis has found electricity revenues have been crucial to keeping the NSW budget in surplus in recent years. Paul Miller/AAP

Power privatisation is bad for the NSW budget bottom line

We found that without state-owned electricity revenues, the NSW Coalition government would have struggled to avoid recording deficits in every budget since its election in 2011.
Research ethics panels could benefit from more people with skin in the game. Image sourced from shutterstock.com

A new model for research ethics reviews

If all researchers were required to serve time on an ethics committee, not only would the system look entirely different, human research subjects might get greater protection.
Journalist George Megalogenis takes an affectionate journey through the milieu of Australia’s economic reform in a new ABC documentary, Making Australia Great. ABC TV

Making Australia Great despite themselves: PMs stake rival claims

A line-up of former prime ministers stake their rival claims to making Australia great, in a new series by journalist George Megalogenis.
Since the founding members signed on to the the Asian Infrastructure Investment Bank in China last October, more Western powers have agreed to join. Takaki Yajima/EPA/AAP

Australia has little to lose from joining Asian infrastructure bank

It makes sense for Australia to join Britain and New Zealand in the newly created AIIB, but it’s unlikely we will have any significant influence over the organisation.
The importance of data and “just-in-time” decision-making may mean the background of CEOs could change. Image sourced from www.shutterstock.com

Is CIO the new route to chief executive’s suite?

Finance backgrounds have traditionally been the preferred skills for an aspiring chief executive. But in the age of Big Data, that may be changing.
The federal and NSW governments have thrown their support behind the WestConnex toll road, but are they looking at the wrong numbers on projected usage? AAP Image/Paul Miller

Why fewer drivers are likely to use WestConnex than predicted

Australia has a history of over-predicting the usage of roads, a fact worth remembering when you hear the NSW government say 120,000 cars a day will use Stage 3 of the WestConnex.
Then NSW treasurer and now Premier Mike Baird, shaking hands in 2013 to mark the handover of Port Botany under a 99-year lease – the same period as has been proposed to lease state electricity assets to private operators. Dan Himbrechts/AAP

NSW can pay for the infrastructure it needs without privatisation

Privatising public assets is like a tradesperson selling her or his tools when facing a temporary income shortfall. Much better to borrow at low interest rates and productively invest those funds.
Allowing people to raid their superannuation early is likely to have significant unintended consequences. Image sourced from shutterstock.com

We need to talk about super, not just first home buyers

Australia’s retirement income system is unsustainable, and there seems little political appetite to tackle the big issues.
Traffic congestion in the major cities is expected to cost Australians A$20.4 billion a year by 2020. Image sourced from Shutterstock.com

The tenuous link between population and prosperity

Linking population growth with productivity and labour participation is problematic, just one of many questionable assumptions made in the Intergenerational Report.
The supply side of information security professionals is not keeping up with the demand. Image sourced from Shutterstock.com

Cyber security winners will be those that nurture talent

As the US and UK look to the opportunities presented by cybersecurity, Australia is still dealing with a critical skills shortage.