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Failure to further strengthen the compulsory super system would be disadvantageous to many future retirees and be an added burden on a later generation of taxpayers. Shutterstock

Grattan on Friday: How ‘guaranteed’ is a rise in the superannuation guarantee?

Liberal senator Andrew Bragg is one of the Coalition backbenchers who oppose the scheduled superannuation guarantee rise to 12%. They are looking to the retirement incomes inquiry to leverage change.
Glencore’s lawyers argued anything about the company in the Paradise Papers was “privileged” and the tax office should be prevented from using that information. www.shutterstock.com

Australia’s tax office can use global data leaks to pursue multinationals, High Court rules

The High Court of Australia has given the Australia Taxation Office a green light to use leaked information about Glencore and offshore tax havens.
Insurers have to protect themselves against foreseeable risks. For insurers of fossil fuel projects, those risks are growing. Shutterstock

Adani beware: coal is on the road to becoming completely uninsurable

The decision of Suncorp to dump coal, just months after the re-election of the Morrison government, makes it clear that insurers can’t afford wishful thinking.
Reserve Bank Deputy Governor Guy Debelle, Governor Philip Lowe, and assistant governors Luci Ellis and Michele Bullock at Friday’s parliamentary hearing in Canberra. Lukas Coch/AAP

RBA update: Governor Lowe points to even lower rates

The Reserve Bank’s best case scenario is that its forecasts are wrong.
Barneys, Madison Avenue, New York. Department stores that were once the pinnacle of middle-class aspiration are losing out to discount shops and luxury retailers. www.shutterstock.com

Death of the department store: don’t just blame the internet, it’s to do with a dwindling middle class

Department stores are collapsing. The internet is part of the problem, but so too is the hollowing out of the middle class.
Australia and Russia could soon be the last remaining developed nations without fuel efficiency standards, with New Zealand proposing new rules and financial incentives to get more people driving cleaner cars. www.shutterstock.com

New Zealand poised to introduce clean car standards and incentives to cut emissions

New Zealand has proposed new fuel standards, along with a consumer rebates for cleaner cars – paid for by higher costs for high-polluting cars – to cut its rising transport emissions.
More than 60% of Victorian young adults live with their parents, followed by 56% in New South Wales and about 53% in the other four states. In Queensland, the proportion of young adults living at home rose from 31% in 2001 to 52% in 2017. Shutterstock

Over 50% of young Australian adults still live with their parents – and the numbers are climbing faster for women

In 2017, 56% of men aged 18 to 29 lived with one or both parents, up from 47% in 2001. And over the same period, the proportion of women aged 18 to 29 living with their parents rose from 36% to 54%.