Menu Close

Business + Economy – Articles, Analysis, Comment

Displaying 6476 - 6500 of 7441 articles

Some Republicans may be yearning for a return to the gold standard, but the idea has lost its lustre among the vast majority of economists. Image from www.shutterstock.com

The gold standard of truthiness: a bad idea that feels good (to some Republicans)

A few years back, mock-conservative TV pundit Stephen Colbert famously introduced the notion of “truthiness” into the political lexicon. As Colbert put it, truthiness pertains not to whether beliefs are…
Employment Minister Bill Shorten has ruled out an increase in the Newstart allowance - but would an increase really deter people from looking for work?

Will a Newstart boost actually deter jobseekers?

It’s been revealed that the Federal Government has been sitting on advice since 2009 showing the Newstart payment has dropped well behind other government allowances. The National Centre for Social and…
Chinese investment in smaller iron-ore suppliers in Western Australia not only presents challenges for the market power of the Big 3 mining companies, but also for the viability of iron ore projects in Australia. AAP

How China drives the Australian iron ore boom (and bust)

With several major mining projects being put on ice this week, talk has quickly turned to whether the Australian mining boom is about to go bust. Jumping on comments by the Resources Minister that “the…
When it comes to accounting for the carbon tax, accountants need to embrace a transdisciplinary approach. Image from www.shutterstock.com

Thinking outside the square: accountants have a role to play in a sustainable future

Can business and accountants guide us on the path to sustainability? Will business and accounting leaders of the future have the necessary skills to solve complex sustainability problems? How can new pathways…
News Ltd chief Kim Williams took aim at ISPs and the NBN over illegal downloads, but new copyright laws are not the answer. AAP

New copyright laws are not the answer to illegal downloads

Earlier this week, Kim Williams, CEO of News Limited, spoke at the Australian International Movie Convention on the Gold Coast and called for new copyright laws to better protect digital property rights…
Interim Australian Rugby League Commission Chief Executive Shane Mattiske (left) shakes the hand of Nine CEO David Gyngell after a five-year broadcasting deal was struck between the NRL, Fox Sports and Nine. AAP

The winners and losers in the NRL’s broadcasting rights deal

The new broadcasting deal struck this week by the Australian Rugby League Commission (ARLC) represents an outstanding result as well as a lost opportunity. The $1.025 billion that the Nine Network and…
BHP has blamed capital costs and market conditions for its decision to delay expansion of the Olympic Dam project. AAP Image/BHP

Olympic Dam delay is not the end of the world for South Australia

The prospect of a four kilometre long and one kilometre deep open pit mine captures the imagination. Think about a chasm as deep as Mount Everest is high. It was going to take years to remove the overburden…
A new social impact investing project in the US which aims to reduce recidivism in prisons has taken the original model further.

Will social impact investing finally pay dividends?

In April last year I wrote in The Conversation about an innovative financial investment mechanism called Social Impact Bonds, that was designed to address some of society’s wicked problems by engaging…
The Advertising Standards Bureau has ruled that comments and photos on the Facebook pages of VB and Smirnoff have breached the industry’s code of ethics. louisa_catlover

Ruling on alcohol brands’ Facebook sites will shake up social media marketing

Recently, the advertising regulator has made what have been called “landmark decisions” relating to the use of Facebook by two prominent alcohol brands. Two weeks ago, the Advertising Standards Bureau…
The closure of BlueScope’s no 6 Blast Furnace at Port Kembla was an acknowledgement that Australia simply cannot compete with our cheaper Asian rivals.

Glimmers of hope in the steel industry’s darkest hour

The $1 billion dollar annual loss announced by BlueScope Steel confirmed what is common knowledge: the Australian steel industry is in crisis and fighting for survival. The latest statistics show that…
Blue Scope Steel’s Paul O'Malley has sought to sidestep shareholder anger with his decision to forgo a performance bonus. AAP

Strike two and you’re out… it’s board spilling season

It’s reporting season and the interest in executive pay is heating up again. Alan Joyce is the latest CEO to forgo a bonus, joining a growing number of high profile business leaders including Rio Tinto’s…
A long wait: Lonmin miners - involved in a bloody clash with police with killed 34 people - are arguing for a greater share of wealth that has steadily flowed into foreign economies, most recently China. AAP

China and the shadow of colonialism still looming over Africa

Graphic pictures of South African police firing at striking black workers protesting for a living wage at the Lonmin platinum mine last week is a tragic reminder of Africa’s neo-colonial past, that never…
Mitt Romney’s running mate, Wisconsin Republican Paul Ryan, has articulated a bold - if perhaps inefficient - vision for the US economy. AAP

Paul Ryan’s path to recovery – or renewed financial crisis?

Much ink has been spilled over the budget proposals advanced by Mitt Romney’s choice as Vice Presidential running mate, Wisconsin Republican Paul Ryan. Acting as Chair of the House Budget Committee, Ryan…
The Manufacturing Taskforce has delivered 41 recommendations across all levels of of the economy: but the sheer breadth may prove hardest to implement. AAP

Some big ideas for manufacturing, but will they happen?

The recently released Report of the Non-Government Members of the Prime Minister’s Manufacturing Task Force provides a comprehensive and well-considered blueprint for the future of Australia’s manufacturing…
Manufacturing has a future in Australia - but only if it can reposition itself up the global value chain.

The blueprint for a smarter Australia starts with manufacturing

Can anything new be said about the future of manufacturing in Australia? Yesterday’s report, Smarter Manufacturing for a Smarter Australia submitted yesterday to Prime Minister Julia Gillard, is a detailed…
A former mortgage broker - who is now facing fraud charges - has blown the whistle on predatory lending practices in Australia’s financial services industry. Image from www.shutterstock.com

There are predators in our own backyard, but where are our financial watchdogs?

The level of sub-prime mortgages in Australia may be far in advance of what was previously assumed and provided for by banks. The story was broken on the ABC, and covered elsewhere. The revelations centred…
Australia’s mining companies have intensified their exploration of resources in Indonesia, much to the detriment of local communities. Jeff Lewis

The Australian assault on Indonesia’s riches

Not satisfied with the abundance of our own natural resources, Australian mining companies have spread their interests across the region. Many of these ventures— Ok Tedi, Bougainville, Freeport-Grasberg…
Cuts to the R&D tax incentives for Australian businesses - as proposed by the Business Tax Working Group - have significant implications for our future economic wellbeing. Image from www.shutterstock.com

Scrapping the R&D tax incentive is hardly a smart idea for economic policy

The Business Tax Working Group discussion paper’s suggestion to reduce the R&D tax incentive reveals a clear-cut attitude to policy aimed at Australia’s economic development: “It’s all about the tax…
NBN Co’s $1.4 billion over-run is the latest public infrastructure project blow-out - we need to scrutinise government tendering and contracting processes much more carefully.

Lift the veil of corporate secrecy on public projects and save the taxpayer

The $1.4 billion cost blowout reported by the NBN Co last week has focused attention once again on the seemingly regular occurrence of large government infrastructure projects being delivered late and…
A jugaad is not only the name for the jalopies driven by India’s rural poor; it also refers to a management technique that refers to that country’s capacity for indigenous innovation. lut4rp

All hail Jugaad? Understanding the latest management fad from India

What do India’s huge blackouts this month have to do with the latest fad for CEOs? Forget guanxi, the Chinese art of networking; forget the Japanese-inspired disciplinary regime, the Six Sigma way. The…
There are economy-wide gains to be made from lowering the corporate tax rate, but businesses will need to make concessions of their own. Image from www.shutterstock.com

Subsidies are standing in the way of corporate tax reform

Yesterday, the government’s business tax working group released its discussion paper on possibilities for tax reform. The paper makes a case for a broader base and lower tax rate (the corporate tax is…