The Australian Crime Commission’s report on organised crime and drugs in sport has unleashed a storm amongst sports fans, particularly those who follow the clubs or codes so far implicated. Use of new…
More of the same: the UK government’s banking reform bill is merely another capitulation to the banking lobby.
AAP
Some four and-a-half years after the banking crisis that has resulted in massive public debt and a deep austerity program, the UK government has finally unveiled its Financial Services (Banking Reform…
Will stronger economic integration test the resilience of the Australia-New Zealand relationship?
AAP
Annmarie Elijah, Australian National University and John Leslie, Te Herenga Waka — Victoria University of Wellington
In March this year Australia and New Zealand will celebrate the 30th anniversary of a trade agreement known as Closer Economic Relations (CER). Few Australians and New Zealanders are likely to notice…
Social stability is the main driver behind the release of China’s reform guidelines on income equality, which contained frank admissions of the drivers of inequality.
flickr/svigier
For all the economic success that China has enjoyed in recent decades, such as record levels of poverty reduction and growth in real per capita consumption, a consistent conclusion of academic research…
A High Court ruling that Google did not engage in misleading conduct avoids a quagmire around the obligations of online and bricks-and-mortar publishers.
The High Court has ruled that Google did not engage in misleading and deceptive conduct when it published a number of advertisements created by its AdWords program. Does this mean that the advertisements…
Failures of compliance and culture have been attributed to the RBS’ misconduct in the LIBOR manipulation scandal.
AAP
The fallout from the London Interbank Offered Rate (LIBOR) scandal continues apace with the announcement on Wednesday that the Royal Bank of Scotland (RBS) had reached a $US612 million settlement with…
Fairness test: the Federal government has targeted the earnings of single parents while supporting wealthy superannuants.
AAP
It says much about the degeneration of the Australian Labor Party that its priority and target for budget “savings” is poor single mums. In order to save an estimated $723 million over four years, in January…
Founder of PC manufacturer Dell, Michael Dell, has announced that the company will go private in a $24.4 billion deal — the biggest leveraged buyout since the GFC.
AAP
Dell’s decision to sell itself to CEO Michael Dell and technology investment firm Silver Lake has sent analysts into a frenzy of deconstruction to try and make sense of what it actually means. Shareholders…
The government reacted swiftly last week to help Queensland flood victims, but the focus on “replacement” may have deleterious economic consequences for regional communities.
AAP
With predictions for more frequent and severe natural disasters in the future, it is imperative that we look further than the replacement of our physical infrastructure when rebuilding regional communities…
The European question: British PM David Cameron has put it to the public to decide whether Britain should stay in the EU.
AAP
The threatened renegotiation of Britain’s place in the European Union is considered by many to be a gamble for the UK. Forty years after the UK’s entry into the European Economic Community, this declaration…
Subprime ratings have come back to haunt Standard and Poor’s, which is now facing civil action from the US government.
AAP
Kevin Davis, Australian Centre for Financial Studies
Five billion dollars is a lot of money — and that is the amount which the US Justice Department claims were losses incurred by US banks and credit unions from investing in CDOs rated by Standard &…
If Tasmania is broken, maybe it’s because Tasmanians have no reason to fix it.
Gary Sauer-Thompson
Is Tasmania at a tipping point? Over the next two weeks The Conversation, in conjunction with Griffith REVIEW and the University of Tasmania, is publishing a series of provocations. Our authors ask where…
Assistive robots could help save Australia’s beleaguered manufacturing industry.
CSIRO
Amid the gloom about the prospects for manufacturing in Australia — and the difficulties facing an economy dominated by small businesses (nearly 90% of Australian manufacturing capacity) — there is some…
As investment in mining projects hits its peak, the Australian economy will undergo a transition to export-led economic growth.
AAP
Various explanations have been offered for Prime Minister Julia Gillard’s decision to announce the date of the 2013 federal election almost eight months in advance. Most commentators, both those who applaud…
Criticisms of secrecy around infrastructure tendering fail to properly acknowledge the realities of costing and managing major projects.
One of the initiatives in the Victorian government’s economic statement released late last year was a decision to change the arrangements for announcing the cost of major infrastructure projects. Until…
Evidence shows most people did not gamble away their carbon tax compensation, despite media claims at the time.
AAP
Like many policy issues in Australia, the public debate and media coverage on the relationship between government payments and spending at electronic gaming machines or ‘pokies’ is sensationalist and exaggerated…
The case for significant, productivity-enhancing tax reform has been made by the Henry Review - but the challenge will be for meaningful reform not to swallowed by pre-election noise.
AAP
Reform of Australia’s taxation system has to be high on the agenda to raise national productivity, for greater simplicity, and to improve equity. However, because of the magnitude of the challenges to…
A blunt instrument: the case for interest rates to rise is strengthened by rising unemployment and a persistently high Australian dollar which has defied previous cuts.
AAP
The Shadow Reserve Board, an initiative of the Centre for Applied Macroeconomic Analysis (CAMA) made up of eminent industry and academic economists, returns this month. Reserve Bank of Australia board…
The rollout of the NBN provides small businesses with an opportunity to actively embrace e-commerce.
AAP
Last Wednesday, Prime Minister Julia Gillard announced the start of what is set to be Australia’s longest election campaign. Set for the 14th of September, it will last approximately eight months. One…
Coal mining is crowding out industries that could bring more benefits to more Australians.
AAP Image/Dave Hunt
Last week, Greenpeace released a report calling for a halt to Australia’s burgeoning coal exports and pointing to the catastrophic climate impacts they would cause. In response, Mitch Hooke, chief executive…
Research in Motion has reinvented itself as BlackBerry — and has released two new phones to boot — but its smartphone market share will be far from peachy.
AAP
Research In Motion (RIM), who as of this week officially changed its name to BlackBerry, has come a long way since its beginnings in Waterloo, Canada in 1984. Started by two engineering students, Mike…
This election year, taxation, industrial relations and red tape will feature prominently on the business community’s agenda.
AAP
The business community was effectively sidelined at the last federal election, and they felt somewhat miffed about it. Business associations were caught flat-footed at the suddenness of Julia Gillard’s…
Australia’s disaster management policies are in need of reform. But is a permanent disaster fund the right way to go about it?
AAP
Disasters are a fact of life. We need to talk about them. Floods, fires, earthquakes and other misadventures will happen in spite of our best plans. Their impact will sometimes be severe simply because…
Now that Prime Minister Julia Gillard has announced the date of the federal election, can the business community expect more certainty about policy directions?
AAP
Julia Gillard has now confirmed what everyone already knew: there will be an election sometime in August or September this year. We now know the precise date: September 14. That is also the Jewish Day…
As LNG prices rise towards export parity, there have been calls from energy groups to implement a gas reservation scheme.
One Ten
Queensland is poised to become a major export hub for liquefied natural gas (LNG). Given the West Australian experience, where LNG is already exported to Asia, this will cause domestic gas prices to rise…