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Business + Economy – Articles, Analysis, Comment

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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…
Commonly held beliefs about what makes a good board of directors are often wrong. Shutterstock

Boards, risk taking and independence: a $50bn mistake

The Australian Institute of Company Directors is pushing for company directors to be better protected from lawsuits, arguing concern about jail time and fines is impacting director decisions and ultimately…
Xi Jinping’s tour through Latin American countries signals the time is right to reassess Chinese investment in Australia. AAP/EPA/Cubadebate

Xi Jinping’s Latin American tour harbours insights for Australia

Chinese President Xi Jinping has just returned from his second state visit to Latin America, having achieved what no other leader could. His dash through Argentina, Brazil, Venezuela, and Cuba has breathed…
The Global Financial Crisis showed financial markets consistently let down individuals and society. SEIU/Flickr

Time to bring some science to financial regulation

The recent report by the Senate Inquiry into ASIC documenting wide-ranging illegal and unethical conduct by financial advisers, is just another piece of evidence suggesting that regulation of the financial…
The government incentivises workers to relocate for a job, but is it incentivising the right workers? Faisal Akram/Flickr

Moving for work: not the panacea the government seeks

As a policy response to unemployment and structural change, incentives for workers to relocate in search of work have been pushing higher up the policy agenda. This has been the trend since the World Bank’s…
Love your mobile? There’s nowhere to hide. Ed Yourdon/Flickr

Your life in their hands – privacy and your mobile device

The explosive uptake of mobile devices including smartphones and tablets has us immersed in a complex, volatile soup of hyper-connected digital technologies, where not only is the perception of time being…
Europe’s slow recovery from the GFC has had implications for its trade partners, including Australia and the US. Australian Government/AAP

Why Australia still cares more about the G2 than the G20

As debate about the economic versus political role of the G20 takes hold, it’s worth looking back at how successfully member countries cooperated in promoting economic recovery after the global financial…
The emphasis on the lump sum in superannuation unfairly moves risk to individuals. Image sourced from www.shutterstock.com

Superannuation: make income the outcome

Having led the world in the 1990s in embracing defined contribution retirement plans, Australia now is rightly reviewing whether the design of its retirement income system is meeting the needs of Australians…
Less than welcoming… policies that prevent asylum seekers working are dehumanising. AAP Image/Newzulu/Zebedee Parkes

Asylum seekers and the dignity of work

My interview with Mr Syed did not get off to a great start. We’d arranged to meet at the Dandenong library – part of the city council building, a huge, bright orange edifice in the redeveloped heart of…
We must address patchy data collection to get an accurate picture of foreign property investment. ABS

Little hard data in the hard area of foreign investment

A large portion of commentary on foreign investment in Australia is based on scant data, as recent submissions to the inquiry into foreign investment in residential property show. At the moment it seems…
Australia is unlikely to gain the support needed from other G20 countries to block Russia attending the G20. AAP Image/NewZulu/Hugh Peterswald

Who in the G20 is (not) afraid of the big bad Russian wolf?

The downing of Malaysian Airlines flight MH17 has considerably increased the strain on the relationship between Russia and the European Union and United States on the other side. Following the escalation…
Whoa there, little lady: women in the workforce face a financial penalty for simply being female. Flickr/ Boston Public Library

Not missing in action: the enduring penalty of ‘being female’

While many aspects of working life have changed in recent decades, the inequality of outcomes experienced by male and female employees has been remarkably resistant. Within corporate Australia the proportion…
Australian Treasurer Joe Hockey is facing the prospect of a budget blowout, thanks largely to a hostile Senate. Lukas Coch/AAP

Infographic: Hockey’s mounting budget black hole

The Conversation has undertaken a stocktake of the major budget savings measures opposed, at risk, or yet to be legislated. According to our analysis, which has been verified by Grattan Institute chief…
Australia has improved its global innovation ranking - but future budget could put this progress at risk. Image sourced from www.shutterstock.com

Australia ranks on innovation – but indolence could cost us

This year’s news on Australia’s global innovation ranking could be a lot worse, and probably will be in the future if the Federal Government gets its way with proposed budget cuts to our already inadequate…