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Are the algorithms used in high frequency trading a threat to the markets themselves? ASIC says the danger is “overstated” but the FBI and the SEC have joined forces. AAP

The rise of the machines: High Frequency Trading and dark pools

In language that is more in keeping with hackers and crime syndicates, the Financial Times reported last week that the FBI was going to assist securities regulators in the US to tackle “dark pools” and…
Despite regulatory uncertainty, business in the US and Australia is responding to climate change. Flickr/KateAusburn

Global business responses to climate change: Where to now?

Despite the widespread scientific consensus regarding anthropogenic climate change, ideological rhetoric dominates the global political discourse. This is preventing the development of clear policy frameworks…
As a publicly traded company, Facebook faces a responsibility to increase its revenue. But is its revamped news feed a step in the right direction? AAP

The Facebook dilemma: how to raise revenue without being defriended

Late last week, Facebook broke the news of another major change to users’ news feeds, sparking interesting discussion across the globe. Described by Mark Zuckerberg as your new “personal newspaper,” the…
The mining tax is fraught with significant design issues. But can it be fixed? AAP

Reforming the mining tax: is it possible?

The Commonwealth government’s mining tax, the minerals resource rent tax (MRRT), has been a continuing source of controversy. It is easy to point to its significant problems, but a considerable challenge…
With cabinet appearing to have sat on the proposal for a privacy tort, Stephen Conroy’s move to refer it to the Australian Law Reform Commission may effectively consign it to oblivion. AAP

Reform that wobbles like jelly: A spineless approach to privacy protection

Communications Minister Stephen Conroy has indicated the federal government will not be introducing a “privacy tort” in the near future. Instead, it will refer questions about the tort back to the Australian…
Extreme events such as Tasmania’s bushfires were devastating, but did not contribute to higher than normal property losses this year compared to previous ones.

Weighing the toll of our ‘angry summer’ against climate change

Last week the Climate Commission released its latest report entitled The Angry Summer. It seeks to “provide a summary of the extreme weather of the 2012/13 summer and the influence of climate change on…
The government policy which moves sole parents onto lower paid Newstart benefits once their children turn eight has caught the attention of the United Nations Human Rights Council. Flickr/Flickeringerbrad

How can the government justify a policy that penalises working sole parents?

Late last year, the United Nations’ Human Rights Council expressed its concern that moves to push sole parents onto a lower paid income support may breach our responsibilities under a number of human rights…
Stephen Conroy’s media reform package has led to cries of media censorship - but do even conservative spruikers really believe this? AAP

From ‘hate media’ to another fine mess: How media reform got derailed

Since the day in November 2011 that Justice Ray Finkelstein and University of Canberra Professor Matthew Ricketson held court in Melbourne, the mainstream media has been hostile to any suggestion of media…
External economic pressures, including a high Australian dollar, will pose challenges for the Napthine government. AAP

Flat economy will continue to challenge the Victorian government

The last two years for Victorians and the Baillieu government have been challenging, with a flat economy and tight budget constraints. The next few years for the Napthine government are likely to involve…
Senator Stephen Conroy did not have a mandate for significant change. AAP/Lukas Coch

Low-key Conroy proposals are media reform lite

Yesterday, communications minister Senator Stephen Conroy finally presented the government response to the Convergence Review and Finkelstein review. It is hard to know how many drafts of this long-awaited…
Tax benefits have made family trusts an increasingly popular financial arrangement. Image from www.shutterstock.com

Time for policymakers to address tax benefits from family trusts

Family trusts have featured heavily as part of recent media reporting of the circumstances of two very high-profile families: the Rineharts and the Obeids. Of course, these are not the only families that…
What’s the evidence linking inefficient planning approval processes to expensive housing in Sydney and other state capitals? Nicole Gurran

Home truths: are planners really to blame for our housing “shortage”?

Is Australia becoming a nation of renters, and are planners to blame? Newspaper headlines accompanying the release of a new report on housing supply and affordability, by the federal government’s independent…
Recent controversies in sport won’t keep the fans away. Julie Edgley/Flickr

Drugs in sport? Why our memory of scandal fades so readily

Despite the recent controversy arising from the ACC report into organised crime and drugs in sport, it is unlikely that substantial numbers of fans will stop supporting their sport. In fact, we are surprisingly…
There is again competition on the waterfront: but will inevitably lead to consolidation in the industry?

Can Australian docks support a third stevedore?

The arrival of Hutchison Port Holdings Australia as a third stevedore onto Australia’s waterfront is designed to provide increased competition but raises the vexed issue of whether three may be too many…
A big news week in Victoria has been a litmus test for the launch of Fairfax’s new compact size, with The Age squaring off against rival Herald Sun.

The compact comes of ‘Age’ in Melbourne

Fairfax launched its new compact size in a week where Victorian politics dominated the national agenda, making it a very good time to consider just how Melbourne’s former broadsheet, The Age, fared with…
The style of Julia Gillard’s campaigning in western Sydney has dealt blows to her credibility. AAP/Paul Miller

Grattan on Friday: Gillard and Baillieu offer stark contrast

Julia Gillard should have stuck to her stated intention of “governing” rather than “campaigning” this far from the election. Despite her claims, there is no way her western Sydney barnstorming could be…
Bolstering services such as childcare will allow women to remain in the workforce and pursue ambitious career paths.

To reach the board, women need support to stay in the workforce

It’s accepted across the globe that women are under-represented in business leadership positions and that something should be done about it. To date, the focus has been on increasing the number of women…
Fortescue Metals’ High Court challenge to the Federal Government’s mining tax centres around the argument it breaches states’ rights under Australia’s constitution.

The mining tax court challenge explained

Fortescue Metals’ controversial challenge to the Federal Government’s mining tax began this week in the High Court. Legal counsel for Fortescue argue the tax, which is under pressure for raising just $126…
Under fire for manipulating the LIBOR rate, investment Bank UBS also tried to manipulate Australia’s local bill swap rate, say US regulators.

Don’t believe the hype; our own LIBOR scandal could be in the wings

Many months after the event, the Australian financial press has woken up to the fact that there was a financial scandal happening elsewhere. Worse still, it may also have happened here. The tabloid-like…
The Peter Costello-led Queensland Commission of Audit has unveiled what Costello describes as an economic blueprint for conservative governments, as a confluence across jurisdictions looms.

Pain or promise looms under Costello’s Queensland plan

If implemented, the recently delivered Queensland Commission of Audit - dubbed the Costello Report - will represent the biggest shake-up of Queensland’s public sector since the election of the Wayne Goss…