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Fairfax chief Greg Hywood hopes the media giant has turned a corner. Tracey Nearmy/AAP

Numbers tell it all: Fairfax is still a digital wannabe

Fairfax Media’s full-year results are out, and they confirm at least one thing: the company is still a digital media wannabe. Its digital first strategy is yet to deliver, with the company still heavily…
Economics isn’t about money, it’s about everything. Flickr/Trey Ratcliff

Making the world a better place, one economist at a time

“The Economics of Just About Everything” is the latest contribution by Andrew Leigh MP, ex-ANU economics professor, to the bookshelf of the intellectually curious Australian. The book is a long-overdue…
Australia’s dairy sector will lose out due to Russian sanctions, but there are bigger issues in play. Anatoly Maltsev/AAP

Russian sanctions are the least of our agriculture sector’s problems

Russia’s targeting of $A400 million of Australian food exports and the government’s muddled response are just the latest setback for a sector struggling under failed policy approaches. Agriculture is Australia’s…
Amazon boss Jeff Bezos has told e-book customers to email publisher Hachette to protest against “illegal” price collusion. EPA/Victoria Bonn-Meuser

Amazon’s hachette job evokes George Orwell in ebook price fight

In what is fast becoming a regular negotiating tactic, Amazon has halted pre-orders of DVDs and Blue-Ray discs of some Disney movies. This includes titles such as “Maleficent,” and “Captain America: The…
The government focus on economic migration has meant increased private sector power over who becomes Australian. Kit/Flickr

Australia has outsourced migration policy to the private sector

Australia’s migration policy has shifted significantly in the past 20 years, leaving a system subject to widespread rorting and controversy. If there is a single lesson to be learnt from the revelations…
Australia’s trade relationship with Russia looked better in 2007. Dean Lewins/AAP

Tough talk but little to lose on Russian trade sanctions

Poke a Russian bear with a stick and he will retaliate. That’s the lesson facing Australian exporters today. When Australia announced it would join the United States and Europe in placing trade sanctions…
The migration industry is out of control, but that doesn’t mean we should give up. Jack Tran/AAP

Skilled migration is in trouble, but don’t shoot the messenger

Recently leaked Immigration department documents reveal considerable rates of visa fraud in the Australian immigration system. This is of grave concern to the Australian public, especially as unemployment…
Josh Frydenberg, Parliamentary Secretary to the Prime Minister, wants policymakers to see regulation in a new light. Alan Porritt/AAP

Metadata and jobseeker plans contradict red tape target

The Australian government’s target of A$1 billion of red-tape savings for the year is now in sight ($700 million up to March 2014 and a claimed $300 million from the carbon tax repeal plus Future of Financial…
David Murray has suggested splitting of investment and retail banking. AAP/Lukas Coch

Should we follow the US and UK and separate our banks?

Australia’s Financial System Inquiry chairman David Murray dropped something of a bombshell in suggesting he may recommend the separation of Australian retail banking from investment banking. The carefully…
The NBN was not subjected to a cost benefit analysis - but this may not have circumvented controversy around the merits of the project. AAP/Stefan Postles

Cost benefit analysis can help or hinder good policy

Big infrastructure projects, such as the National Broadband Network, cost big money. So, how do we use public money wisely? For communications minister Malcolm Turnbull and the Coalition government, a…
US markets aren’t happy with the prospect US interest rates could increase from near zero levels. AAP/ EPA/Justin Lane

US interest rates: time for a change or steady as it goes?

There is now keen interest in whether the US Federal Reserve will move to raise its near zero interest rates following two recent pieces of conflicting economic data. Data on real GDP for the second quarter…
KKR and Rhone Capital have joined forces and sweetened the initial May offer for Treasury Wines Estate. Flickr/RobertHodge

Private equity looms over Australia’s wine industry

It is sometimes said that at least investors in vineyards can drink their losses. Indeed, it’s been a rocky few years for the Australian wine industry. External pressures have been challenging and much…
The secular stagnation theory predicts the world will stumble along with anaemic growth and no inflationary pressures for the foreseeable future. AAP/William West

Have Australian bankers bought the “secular stagnation” theory?

The major Australian banks have recently cut fixed mortgage rates below 5%. They have done so without any prompting from the Reserve Bank of Australia, which may actually start raising the policy rate…
Where will the new jobs come from? le Haricot/Flickr. Artist credit: George Segal

Employment policy and job creation – some practical solutions

(COMMENTS UPDATED) In the lead up to last year’s federal election, the government promised two million new jobs within 10 years. Its focus was on the “five pillar economy” of manufacturing, agriculture…
Australia leads the world in water accounting standards, but this is at risk. Flickr/Chris Morin

Failing to account for water lets business down

As part of its budget cuts, the federal government plans to disband the Water Accounting Standards Board, which looks after water accounting. But is this leaving business high and dry? Water accounting…
Lidl: will Australian shoppers line up for another discount grocery chain? Robert Wallace/Flickr

A Lidl bit of grocery competition could cause a Coles rethink

Australian shoppers have inadvertently invited global discount grocers to our shores by demonstrating their readiness to adopt private labels. In 2001, German discounter Aldi opened its first store in…