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Calls by AWU chief Paul Howes for a “grand compact” are fanciful, but he’s right we need to shift our thinking away from a focus on yet another round of IR reform. AAP

Howls of horror understandable, but Howes half right about IR reform

It is easy to see why media coverage of Paul Howes’ National Press Club address has focused on his claims that wage growth has been too high in some areas and that the adversarial industrial relations…
Farm debt is increasing in Australia, but will writing it off make more farms viable? Grenville Turner/AAP

Farmers are in debt, and more debt won’t help

Farm debt in Australia has increased by almost 75% over the past decade, from A$40.3 billion in 2004 to an estimated A$70 billion in 2014. Barnaby Joyce, the Federal Minister for Agriculture, has argued…
Facebook, the world’s biggest social network with 1 billion users, celebrates its first decade this February, but challenges remain in the coming years. EPA/How Hwee Young

Facebook turns 10, no longer a minnow, no longer ‘new media’

Facebook turns ten this month, but so what? Google celebrated its 15th anniversary last year. Even though it has been through several redesigns and relaunches, MySpace is already 11, having been established…
Prime Minister Tony Abbott’s free market, small government leaning overlooks the real issue of social inequality. Lukas Coch/AAP

Why Abbott can’t delete ‘society’ from his economic growth script

Prime Minister Tony Abbott’s address to the World Economic Forum in January delivered a plain, pragmatic message. The best remedy for the uneven recovery of the world economy, according to Abbott, is a…
Australians of all ages are lining up to tap the equity in their home, but as a policy solution for welfare it comes with many risks. Julian Smith/AAP

Your home as an ‘ATM’: home equity a risky welfare tool

Perceptions of the family home have changed dramatically in recent years. Once viewed as a tool to ensure low housing costs in old age, a more complex and wide-ranging welfare role for home ownership has…
Emerging economies like India are pushing ahead on innovation measures, while advanced economies see productivity declines. World Bank/Flickr

Demystifying the global productivity puzzle

The Conference Board’s latest productivity measure shows efficiency remains a problem for the global economy - and interestingly that innovation, despite occurring, may not be helping. The business research…
Australia’s economic position remains uncertain, which may prompt the Reserve Bank to hold interest rates. AAP

Waiting game on economy means RBA should hold

Without a clear direction of where the Australian economy is heading, the consensus to keep the cash rate at its current level of 2.5% remains strong. Uncertainties surrounding the domestic and foreign…
Under the current tax regime, investors and cashed up owner occupiers are bidding up the cost of housing. Dean Lewins/AAP

Explainer: why negative gearing is bad policy

In an ideal (and economically efficient) world, tax policy would not influence the investment or consumption choices taxpayers make. In reality, this neutrality is rarely achieved. External factors influence…
Can anger in the workplace be beneficial? Image sourced from www.shutterstock.com

The upside of anger: why workers should express their emotions

Anger has traditionally been considered an emotion to be avoided at work as it is often linked to a lack of personal control. Anger at work is often seen as unprofessional; an uncontrolled response linked…
A shift towards fresh food and improved consumer protections in China provides opportunities and threats for Australian food producers. dcmaster/Flickr

SPC Ardmona and the cheap Chinese food challenge

The political lobbying accompanying the government decision to withhold financial support from SPC Ardmona has overshadowed the big structural issues facing Australia’s preserved food industry. The two…
The fact is there may only be room for one full-service department store in Australia. AAP

What does the future hold for our traditional department stores?

Years of buy-outs, takeovers, mergers and rebranding have whittled a once plentiful landscape of department store competitors down to two major players, Myer and David Jones. Now, despite David Jones confirming…
The Productivity Commission has recommended the car industry should receive no additional government funding. AAP

No sacred cows: Productivity Commission targets Toyota

Ford and Holden gone. SPC Ardmona in jeopardy. Toyota under threat. The Productivity Commission’s (PC) position paper on automotive industry support fires a clear shot across the bows of the manufacturing…
Prime Minister Tony Abbott and Industry Minister Ian Macfarlane have drawn a line in the sand on industry assistance…or have they? Alan Porritt/AAP

SPC Ardmona decision is fiscal policy disguised as industry policy

Announcing the decision to refuse assistance to SPC Ardmona, Industry Minister Ian Macfarlane said: “I think it is a clear delineation of where this government believes we need to go with industry policy…
New York and California are considering ways of regulating Bitcoin and making it easier to access, but those already using the virtual currency say over regulation could drive people away. Department for Communities and Local Government

For Bitcoin, regulation may kill the golden goose

It seems governments are finally coming around to the idea that virtual currencies are here to stay. Backed by a business community eager to utilise innovations like Bitcoin, California and New York are…
The Saturday Paper will be the first new print paper in several decades, and editor Erik Jensen hopes to find a profitable niche in an industry that is quickly shedding circulation and staff. Phil Gyford

In Conversation with Erik Jensen: “We’re a niche product with mass market aspirations”

Businessman and publisher Morry Schwartz’s decision to appoint a 25-year-old, relatively unknown journalist to edit the first serious newspaper launched in Australia in more than four decades might be…
The Saturday Paper will be the first new print paper in several decades, and editor Erik Jensen hopes to find a profitable niche in an industry that is quickly shedding circulation and staff. Phil Gyford

In Conversation with Erik Jensen: full transcript

Bill Birnbauer: Is this a serious business proposition or is it an act of philanthropy to an ailing newspaper industry? Erik Jensen: It’s certainly there to aid an ailing newspaper industry but it’s not…
The government plans to re-introduce work for the dole, but does it work? Shutterstock

Work for the Dole doesn’t work – but here is what does

The Work for the Dole program could again become a core element of welfare policy for the unemployed in Australia, but there is a considerable body of evidence which shows it is unlikely to help people…
Employment minister Eric Abetz’s assertion of a risk of a wages explosion isn’t backed by facts. AAP

“Wages explosion” risk not based on facts

In a speech appropriately titled Industrial relations after the 30 years war, employment minister Senator Eric Abetz made the controversial and widely reported claim that “we risk seeing something akin…
The CFMEU says corruption within the building industry should be referred to the police for prosecution, but the government is looking to a revived ABCC. Julian Smith/AAP

Bikies, unions … and the ABCC? Spinning the policing of work

Recent investigations into the Construction Forestry Mining and Energy Union (CFMEU) by the ABC and Fairfax have revealed relationships between rogue union officials, underworld figures and outlaw motorcycle…
Obama promises to address inequality through his executive powers if the US Congress won’t. EPA/Larry Downing

Obama’s year of action on inequality couldn’t come soon enough

US President Barack Obama is preparing to move on inequality after several long years of frustrated reform, if we are to believe his State of the Union address. This year, according to Obama, is a “year…
Special Economic Zones such as Shenzhen provided the policy basis for Chinese growth. AAP

Looking past doomsday rhetoric: China’s free trade zones

As markets commence the new year in a sense of panic on the back of an uncertain outlook for China’s economy, I am brought back to a bookshop discovery I made in 2001 and the pending doom and gloom which…
Verizon, Comcast and other providers have been fighting against net neutrality rules since 2005, when the Federal Communication Commission first introduced such measures. Steve Rhodes

Australia’s net neutrality lesson for the US

A US court ruling meaning broadband internet service providers will no longer have to follow principles of network neutrality has sparked predictions the internet will end as we know it. Some predict it…