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Almost anything can be labelled ‘innovation’ - invention is a little harder. Shutterstock

What if we had a ‘National Invention System’?

Australia’s Senate Economics Committee is currently undergoing a review of the National Innovation System in light of the “challenges to Australian industries and jobs posed by increasing global competition…
Feeling guilty about your frequent flying? It may not be all about you… Image sourced from www.shutterstock.com

Three ways to feel less guilty about frequent flying

If you are worried about the impact of your flying on climate change but keep flying anyway, you might be addicted. At least, this is the finding of recent research from the universities of Bournemouth…
With 457 visa reform, the Coalition is retracing old and risk-laden territory. Stefan Postles/AAP

457 visa reformers should remember our shady skilled migration history

Temporary labour migration in Australia is a highly vexed issue. On the one hand those advocating a rethink of the 457 visa are accused of “turning away skilled, net-contributors to the Australian project…
Apple Pay could help make contactless payments mainstream. Monica Davey/EPA/AAP

With Apple Pay, Apple just took payment security to the banks

Today’s launch of the Apple Pay mobile payments service has the potential to eliminate the need for us to carry payment cards in our purses or wallets - but as always converting potential to reality is…
Are Australians blaming the wrong people for skyrocketing house prices? Dan Peled/AAP

Seven things keeping house prices high (and foreign investment isn’t one of them)

Further reading: Little hard data in the area of foreign investment Don’t be misled on Chinese foreign investment: read the facts Don’t blame foreign investment for rising house prices Explainer: why negative…
Businesses run the risk of hiring clones when they seek people who ‘fit’. Pasukaru76/Flickr

Hiring today, for tomorrow: the risks of hiring people who ‘fit’

The costs associated with recruiting the wrong person are always high, not only in financial terms but emotionally as well. So the prospect of administering a personality test that accurately indicates…
Is the government sending signals on the speed of broadband Australians should accept? Steven Depolo/Flickr

Broadband projections fail reality test

In their cost-benefit analysis of the national broadband network, the Vertigan panel predicts that in 2023, an average Australian household will require a broadband download speed of 15 megabits per second…
Given their failure to predict management performance, why are organisations still using personality tests? h.koppdelaney/Flickr

How to cheat on personality tests, and other pseudosciences

In 1931 the Australian Institute of Industrial Psychology published lectures by A. H. Martin who, after dismissing astrology, palmistry and phrenology as pseudo-sciences, bravely put psychology forward…
Myers-Briggs has a legion of fans; but not everyone thinks such a system is a good idea. Flickr/MTSOfan

Why using Myers-Briggs at work Might Be a Terrible Idea (MBTI)

The Myers-Briggs Type Indicator (MBTI) is the most popular personality test, boasting millions of test-takers each year. Developed in the 1940s by Isabel Briggs Myers and Katharine Briggs, the MBTI is…
European Central Bank President Mario Draghi has called for fiscal policy to lead the way in ending the Eurozone recession. AAP/EPA/ARNE DEDERT

Draghi calls for spending to rescue Euro – but will governments do ‘whatever it takes’?

In July 2012 European Central Bank president Mario Draghi famously announced that the ECB would do “whatever it takes” to rescue the Euro. And he added: “Believe me, it will be enough.” In fact, it has…
Print assets are losing their appeal. Remon Rijper/Flickr

APN’s kiwi float talk signals media shakeup

APN News & Media is mulling a float of its New Zealand media assets including its masthead The NZ Herald, The Radio Network (TRN) and group buying site GrabOne. The company is potentially selling 60…
In the same week Australian Prime Minister Tony Abbott is to visit India, Indian PM Modi has visited Japan. Toru Hanai/EPA/AAP

Abbott in India: the Asian Century won’t be all about China

Despite recent slumps in economic growth (now at just over 5.4% compared to 10.3% in 2010), former Indian Prime Minister Manmohan Singh this year handed the new Prime Minister Narendra Modi a much more…
Personality tests will not judge you on how you look, the clothes you wear or where you went to school, so why are people so wary of them? Shutterstock

Before you judge personality tests, consider what they don’t judge

Many job seekers are wary of personality testing. They will accept prying interviews and secretive reference checks, but baulk at having their personalities assessed. A review of studies conducted in 17…
Introverts can party hard, but then need to recharge. Shutterstock

There’s more to personality than a test score

Have you ever completed a personality test and felt dissatisfied with your scores? Maybe you’ve quibbled with the low score you received on extroversion – a personality trait reflecting outgoing and gregarious…
Bitcoin is gaining popularity with retailers, but is it money? Alistair/Flickr

In Conversation with Bitcoin expert and NYU Professor David Yermack

Professor David Yermack of the Stern School of Business at New York University is used to being heckled when he gives talks about Bitcoin. After all, most of his work has involved pointing out all of the…
The picture of Australia’s economy right now is murky. PSJeremy/Flickr

Economic outlook in Australia remains murky

The CAMA RBA Shadow Board is a project by the Centre for Applied Macroeconomic Analysis, based at the ANU, which asks industry and academic economists what interest rate the Reserve Bank of Australia should…
Commentators have clamoured for the head of Alan Joyce after Qantas posted a $2.8 billion statutory loss. AAP/Paul Miller

Qantas turn-around: is Alan Joyce the right leader for the job?

Since becoming CEO in November 2008, Alan Joyce has led Qantas through one crisis after another: the global shut-down of operations in the 2011 industrial dispute; a major downgrade of Qantas credit rating…
Questions are being asked of the Qantas board over fleet decisions made years ago. Halans/Flickr

Did Qantas bet the house on the wrong planes?

When Qantas posted a A$2.8 billion loss - the highest in the airline’s history - last week, one critical point was that $2.6 billion came from a write-down of the value of the aircraft in the Qantas international…
The prime minister’s business adviser Maurice Newman continues to distract business leaders on the issue of climate change. Julian Smith/AAP

It’s personal: why leaders don’t turn climate knowledge into action

There is an abundance of profitable business opportunity to be found in addressing sustainability issues. These stand out against the difficulties we face implementing effective change. Globally, the World…
Is assuming houses are like bananas making us look like apes? Michael Lokner/Flicker

Going bananas over affordable housing

A poster in the head office of a state planning agency claims: “Highest Housing Approvals in a decade: Keeping homes more affordable”. Indeed, the latest figures show national housing approvals rose 16…
Every treasurer should be aware of the ultimate cost of government spending to taxpayers. Alan Porritt/AAP

In defence of fiscally conservative treasurers

Many highly distinguished economists such as my friend Geoff Harcourt come from what is commonly known as the Post-Keynesian school. This means they believe the theory of economics and fiscal policy applied…