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Bill Gates embraces Facebook’s Mark Zuckerberg during an announcement of the Chan Zuckerberg Initiative to ‘cure, prevent or manage all disease’ by the end of the century. Beck Diefenbach/Reuters

Philanthropy’s tech billionaire reboot could be good for policymaking

The priorities of science are being influenced less by government policy and academia, and more by the priorities of the philanthropic giver.
Proponents of the universal basic income overlook its potential to be a reverse Robin Hood scheme. Ibai/Flickr

Universal basic income: the dangerous idea of 2016

The present Australian social security and welfare system can be viewed as a UBI scheme with exceptions for people who don’t need it.
Commonwealth Bank CEO Ian Narev got a 50% pay rise despite scandals involving the bank in 2016. Dan Himbrechts/AAP

ASIC gives the banks cause for Christmas celebration

Just before everyone sits down for their Christmas dinner ASIC has handed two of Australia’s big four banks a big present.
MYEFO leaves Treasurer Scott Morrison with the difficult task of managing Australia through a period of both sluggish GDP growth and a persistent budget deficit. Mick Tsikas/AAP

There are two big political problems buried in the latest budget update

Next year GDP will grow at the second-slowest rate in 16 years, according to MYEFO. This has big implications for unemployment and the deficit.
MYEFO is more positive about the 2016-17 budget bottom line than previous expectations. However, projections over the forward estimates have worsened. Lukas Coch/AAP

2016-17 MYEFO experts’ response: more of the same is not good enough

While MYEFO discussion focuses on the budget deficit, experts say it also serves as a stark reminder of the need for bigger policy ideas in Canberra.