The receding waters of Lake Pamamaroo which makes up part of the Menindee Lakes system near the township of Menindee, Thursday, February 14, 2019.
Dean Lewins/AAP
Australia’s farming industry will need to take full account of its obligations to its workers, its customers, society and the environment if it is to prosper in the years to 2030.
The concept of a social licence is real, but proved too much for the Australian Securities Exchange.
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The reality is that companies are at risk without a social licence to operate, so why shy away from the term?
The EU’s data protection measures aspire to force companies to be more transparent around data collection.
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The European Union has enacted a systematic plan to give people more control over their personal data online. But despite these efforts, privacy agreements remain largely unreadable.
No-one would ask low earners to pay the same as high earners.
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Supertaxes on very high earners needn’t be a problem.
Newly-elected US Democrat Alexandria Ocasio-Cortez is co-author of the New Green Deal which proposes massively expanding the budget deficit as a way of supporting both the environment and the economy.
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There are limits on how much governments can spend without earning, although increasingly politicians are behaving as if there are not.
A US-China grand bargain makes sense on the mutually beneficial assumption it would lay the foundations for a bilateral world order.
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Trade wars are generally bad. But far worse for Australia is that the US and China make peace through a deal to establish a bilateral world order.
Premium subsidies encourage Australians to take out and keep private health insurance.
Subsidies for private health insurance premiums cost the government over A$6 billion a year. Is it time to scrap the rebate and redirect these funds elsewhere in the health system?
Treasurer Josh Frydenberg with Australian Securities and Investments Commission chair James Shipton. His new powers are imperfect, but they will help.
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Suddenly, ASIC is about to have real power. It’ll be easier to get prosecutions and they will hurt, even if the law remains less than completely clear.
Power imbalances are doing far more to change the way we work than are apps.
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Businesses and workers are at the mercy of mega-corporations.
Australia’s Foreign Influence Transparency Scheme Act obliges individuals to register if they act on behalf of “foreign principals”.
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Australia’s Foreign Influence Transparency Scheme Act is at least a step in the right direction.
It’s one thing to have money, it’s another to be able to spend it to best effect.
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Last time Australia got lucky. We are unlikley to get lucky again.
Unemployment and underemployment, as well as physical and mental health problems, were the most common experiences of people falling behind on debts.
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Australia’s first large-scale study on the experiences of people in financial hardship contradict the idea most debt problems are due to poor choices.
Good economic times have allowed us to become complacent, meaning conditions are ripe.
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It’s been 27 years since our last recession. Conditions are ripe for a populist revolt when the next one arrives.
About 13% of Australian worker are working 50 hours or more a week, putting themselves, and others, at greater risk.
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A maximum work week of 38 hours makes scientific sense. Working longer hours is bad for mental and physical health.
Woolworths is pushing up the price of milk. It’s normally no way to help farmers.
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Dairy farmers’ incomes are dependent on so much more than the retail price of fresh milk.
Tourism is putting some natural sites under increasing pressure.
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Can tourism ever be sustainable? Only if operators and consumers start looking beyond the idyllic postcard images and take undesirable consequences of tourism into account.
The Frank Gehry designed UTS business school, in Ultimo, Sydney. It is possible to teach ethics.
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In trying to be values-free (like physics & chemistry), business schools have succeeded in justifying amoral behaviour. No more! We’ve seen the results in the Banking Royal Commission.
Most mortgage brokers provide good service.
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The push against brokers might be right in theory, wrong in practice.
Amazon’s WiFi buttons enable you to instantly order specific branded products such as soft drinks, beer and condoms. You needn’t even get out of bed.
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Dash Buttons have been ruled illegal under Germany’s consumer rights law. They might also contravene Australian consumer law.
Labor wants young Australians defaulted into insurance the Productivity Commission says most don’t need.
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Labor’s proposed amendments to the Coalition’s Protecting Your Super Bill would have cost young Australians $400 million a year.
The decoy effect is the phenomenon where consumers swap their preference between two options when presented with a third option.
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Most pricing structures nudge us to spend more. But there’s a particularly cunning type of pricing that can get us to swap our preference from a cheaper to a more expensive option.
Australia’s two financial watchdogs have been criticised for their cuddly relationship with banks.
Do regulators act in the public interest, or in the interest of those they are meant to regulate?
Zip Co’s ‘buy now pay later’ service is growing in popularity. But because its business model avoids the responsible lending requirements, consumer advocates are worried.
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Easy credit services like Zip trade on the individual’s belief that their income rise in the future.
Most of the economists polled think better regulation can make banks put customers first. The rest think it will need more.
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There are things we can do, but the Economic Society’s poll finds that not all of them are part of the traditional economists’ toolkit.
In a survey of 1,000 Australians, 35.4% agreed banking and financial institutions show ‘no leadership for the greater good’.
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More than a third (35.4%) of respondents surveyed by the Australian Leadership Index believe banking and financial institutions show “no leadership for the greater good”.