Streaming services like Spotify and Pandora pay many millions of dollars each year for the rights to the music they play. But how much of this ends up back with artists and songwriters? The answer: not…
US Treasury Secretary Jacob Lew will need to write the book on technical and ethical challenges if no agreement is reached on raising the debt ceiling.
EPA/Jim Lo Scalzo
Financial markets must be confident that the US will not default on its sovereign debt, otherwise those markets would have plummeted by now. But is that confidence justified? Markets participants are comforted…
Good for a holiday, but other institutions are overtaking APEC as a useful diplomatic forum for Australian trade interests.
EPA/Mast Irham
The Asia Pacific Economic Cooperation (APEC) forum concluded last night as leaders, foreign ministers and trade delegations wrapped up a week in Bali. You’d be forgiven for not noticing. There are two…
Sometime in the not too distant future we won’t go through the hassle of negotiating how to split a lunch bill. We’ll do it through an app. Or pay your portion with your credit card, your online ID, or…
Oil and gas production is growing in the US, mainly thanks to unconventional production methods.
EPA/Jim Lo Scalzo
A recent article in the Wall Street Journal (WSJ) reported: The U.S. is overtaking Russia as the world’s largest producer of oil and natural gas, a startling shift that is reshaping markets and eroding…
Music sales have been falling for some time, but this should not attributed to piracy alone.
Tracey Nearmy/AAP Image
Fact: worldwide sales of recorded music have declined significantly over the last decade. Fact: there has also been an increase in the use of P2P file-sharing technologies over the last decade. While there…
Sharia-compliant products are growing in popularity around the world, especially in Malaysia, Iran and Saudi Arabia, with huge potential for growth, according to Standard & Poor’s.
AAP/Lukas Coch
Kevin Davis, Australian Centre for Financial Studies
A topic which warrants inclusion in Joe Hockey’s planned Financial System Inquiry – but probably won’t make it in – is the regulatory and institutional impediments to Islamic finance. The 2% of the Australian…
Languishing: the Newleaf housing project in south west Sydney shows the pitfalls of the NSW government’s love affair with public private partnerships.
Author
With the Coalition government abolishing the Major Cities Unit and the NSW planning system in disarray, last week’s International Society of City and Regional Planners congress, ‘Frontiers of Planning…
Odds are Republicans will decide to, once again, raise the debt ceiling rather than face sovereign default. But what lies beyond the vote for Obama?
AAP
Most commentary on the US government shutdown concerns the apparent disregard some pigheaded Republicans have for the harm it could do to the American and global economies. While the shutdown will likely…
Twitter’s deal with the NFL will open a new stream of revenue in the lead up to their IPO.
Shutterstock.com
Twitter’s IPO filing has today revealed a loss of $US69 million on $US254 million in revenue in the first half of the year - which is up on the US$49 million loss in the same period last year. With results…
Shinzo Abe’s decision to increase Japan’s consumption tax from 5% to 8% next year is part of a plan to reassure investors the country’s debt is under control.
EPA/Franck Robichon
Japan’s Prime Minister Shinzo Abe announced Tuesday a significant increase in the country’s consumption tax and unveiled a ¥5 trillion ($54.5 billion) stimulus package to mitigate the higher levy’s negative…
Tony Abbott has promised public sector cuts - but research suggests there are more effective ways to improve productivity.
AAP
One of Prime Minister Tony Abbott’s most steadfast election promises was the axeing of 12,000 public sector jobs. Indeed, his first act after being sworn in was to sack three senior public service “mandarins…
Sellers on anonymous web store Silk Road shipped illegal drugs and weapons worldwide.
Shutterstock/guynamedjames
The arrest of the man who appears to be behind the Silk Road – the infamous online black marketplace – comes as a welcome surprise. Ross William Ulbricht, known as “Dread Pirate Roberts”, was arrested…
Despite the shutdown of anonymous illegal goods market Silk Road, its currency - the Bitcoin - recovered its losses.
Flickr/Zach Copley
In a blow for the burgeoning economy of black markets on the Internet’s so-called “Deep Web”, trading site the [Silk Road](http://en.wikipedia.org/wiki/Silk_Road_(marketplace) has been shut down by US…
Despite rapid growth, Indonesia’s middle class doesn’t match the consumption capacity of developed countries, or even those we would consider poor.
AAP
Since its election, the Abbott government has presented Indonesia as a huge opportunity based on its growing middle class and long-term growth prospects. The recent economic narrative has been an attempt…
Property investment advisers do not need a licence - in fact, no qualifications are required.
Image sourced from www.shutterstock.com
Record low interest rates are stoking Australia’s property market, with some expressing concern that property spruikers are targeting self managed superannuation funds investing in the sector. Providing…
Retail trade is up by a “surprisingly robust” 0.4%, and business confidence continues to grow.
AAP/Yvette Kelly
The national survey of business expectations for the December quarter is out and it’s certain to bring happy smiles to the newly-elected government. Businesses are expecting sales to increase in the coming…
Fairfax Media has confirmed 25 staff from its business media unit will be made redundant as Fairfax moves toward further integrating its metropolitan mastheads.
AAP/Dean Lewins
Yesterday’s announcement of another 45 jobs to go at Australia’s second largest newspaper proprietor Fairfax Media is yet another marker in the decline of Australia’s print media news sector. In an email…
What happens now for the reputation of the Reserve Bank of Australia?
AAP/Alan Porritt
Media reports about alleged involvement of subsidiaries of Australia’s premier financial institution and regulator, the Reserve Bank of Australia, in bribery cases would disturb every right-minded Australian…
“It is surprising that the RBA is hosing down talk of a housing bubble when experience of the early 2000s suggests that the RBA can be wise to jawbone down the housing market.”
AAP/Lukas Koch
With uncertainty surrounding the recent federal election subsiding and positive economic news from abroad, several Shadow Board members worry that the Reserve Bank of Australia’s loose monetary stance…
Note Printing Australia whistleblower Brian Hood says he has never been contacted by the corporate regulator.
ABC Four Corners program
Last night it was claimed in a joint ABC Four Corners /Fairfax Media investigation that the Australian Companies and Securities Commission (ASIC) missed an important opportunity in not investigating key…
Australia’s property market is heating up; but what role have self-funded superannuants played?
Self managed superannuation funds (SMSFs) have come under criticism from regulators amid concerns that the sector is over-investing in the residential property sector. The profession has hit back at the…
Some 95 years after the last Sherlock Holmes story was published, several parties are locked in a landmark US litigation case.
Flickr/Tom Margie
Sherlock Holmes faces his greatest challenge – since his fight to the death with Professor James Moriarty at Reichenbach Falls. Who owns Sherlock Holmes, the world’s greatest detective? Is it the estate…
The fall in labour’s income share can be attributed entirely to mining, where commodity prices have increased faster than wages.
AAP/Energy Resources Australia
New research shows workers are taking home a smaller portion of income in the economy now than at the beginning of the last decade. Some would like to see increased wages to restore that share - despite…
President Barack Obama’s health care bill is behind a looming US government shutdown by Republicans.
AAP
The dysfunctions of America’s federal government, primarily caused by Republican intransigence, have created a menagerie of strange new political beasts: fiscal cliffs, sequestrations, nuclear options…