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The original Woolworth Company dates back to 1878. Dominic Alves/Flickr

Which Woolies is that?

The bid for David Jones from South African retailer Woolworths brings to light one curious dimension of international business - the proliferation of firms with very similar brand names but distinct identities…
The importance of agreements such as Australia’s free trade deal with Japan may well be against future protectionism. AAP/EPA/TORU HANAI /POOL

FTA gains slight now, but the real insurance may lie in the future

Economists, unlike politicians, are often sceptical about the extent of any net benefits of free trade agreements. Economists are often concerned that such agreements may result in trade diversion rather…
The only likely beneficiaries of a union-Labor split may be trade unionists. AAP

Why ending union ties would change little for Labor

In the wake of the ALP’s poor result in the recent Western Australia Senate election, The Conversation is publishing a series of articles looking at the party’s brand, organisation and future prospects…
The government’s financial system inquiry should consider whether growth in the system is hampering economic growth. AAP/Tony McDonough

Is Australia’s financial system a zero sum game?

Governments seem to be enamoured with financial markets, judging by the support they give them around the world to encourage their growth. The assumption seems to be that there’s always a positive relationship…
Curtains for Ten? Ratings have gone from bad to worse over the last year, and the network now trails even the ABC. AAP/Mick Tsikas

Revenues up, but the future is still bleak for Ten

Ten Network has delivered a significantly narrowed first-half loss, with revenue up 4.4% to A$315 million, and a net loss after tax of $8 million. This compares with a loss of of $243 million in the corresponding…
Woolworths SA chief Ian Moir announced a proposal for the South African retailer to acquire David Jones in Sydney yesterday. AAP/Daniel Munoz

Who is the South African retail giant behind the David Jones bid?

Yesterday morning came the news South African retailer Woolworths had offered $4 a share to acquire David Jones, a proposal that has the approval of the department store’s board. This offer, worth an estimated…
The Reserve Bank’s mandate is much broader than that of prudential regulator, APRA. ArchivesACT/Flickr

The case for the Reserve Bank to swallow APRA

One of the major recommendations made by the 1997 Wallis Inquiry into banking was to establish a prudential regulator for the financial sector separate from the Reserve Bank of Australia. The new regulator…
The government is seeking a free trade agreement with China by the end of the year, but concerns still remain about Chinese investment in Australia. Daniel Munoz/AAP

Don’t be misled on Chinese foreign investment: read the facts

As Prime Minister Tony Abbott shifts his Asian tour focus to China, it seems likely the threshold for formal approval on Chinese investment in Australia will be raised to A$1 billion. But any move to open…
Projects such as the recently-opened Shenzhen North Station in China, serves up Australia some lessons - if we’re willing to listen. Chris Hale

Time for Australia to consider Asian lessons on city infrastructure

As prime minister Tony Abbott completes a whistle-stop tour of Asia, Australia’s “place in Asia” is an ongoing discussion. Abbott hailed the “shared values” that enabled Australia’s free trade deal with…
All banking comes with risk, but it could be better disclosed. Shutterstock

Why your bank account should come with a risk rating

What is the interest rate on your savings account? If you don’t know, you can easily find out. Banks advertise their rates prominently. They want you to know what they’re offering. After all, the interest…
Proposed reforms to franchise rules are meant to make life easier for franchisees, but the changes are a missed opportunity. AAP/John Donegan

New franchising law no code for fairness

The government is moving to introduce a new Franchising Code of Conduct as part of wide ranging reforms to how franchising arrangements are regulated, claiming it will be fairer for small operators and…
New Zealand has increased its GST several times since it was introduced, so why does Australia find it so hard? Image sourced from www.shutterstock.com

Easy as, bro - raising the GST, New Zealand style

When long-time Kiwi expat John Clarke was asked why he left New Zealand, he said: “Because it was there.” Clarke at least knew what being “there” meant, in contrast to most of his new compatriots, whose…
WA’s mining boom has moved to the production phase, creating fresh challenges for the economy. AAP

Changing times: the economic policies WA needs now

One of biggest issues to be addressed in tomorrow’s WA Senate poll - and perhaps one of the most complex, too - is how best to maintain the state’s growth trajectory through the forthcoming period of transition…
Go on Joe, raise the GST. Daniel Munoz/AAP

Raise the GST: the conversation we have to have?

With eight months left on his contract, Treasury Secretary Martin Parkinson decided to jump into the GST debate on Wednesday night. In a speech to the Sydney Institute, Parkinson declared the federal budget…
Electronic payments will eventually trump cash. Dan Peled/AAP

Building a financial system for a cashless age

If the Financial System Inquiry is to achieve its aim of helping to promote growth and productivity in the Australian economy it will need to focus strongly on electronic payments. Submissions to the inquiry…
Impact investing is a growing phenomenon but many mainstream investors are wary of it. Image sourced from www.shutterstock.com

Impact investing: grabbing a piece of the $650 billion market

The World Economic Forum reports there is widespread confusion regarding what impact investing promises and what it ultimately delivers. Some estimate it is a market worth between US$450 billion and US$650…
Banks are asking former CBA chief David Murray, now heading the Financial Systems Inquiry, to consider tax breaks on interest income. AAP/Dean Lewins

Banks want you to pay less tax on interest, but why?

Australia’s big banks want the government to give their customers tax breaks on interest income, having told the Financial Systems Inquiry it would encourage more savings. In turn, the banks will have…
Board members don’t always have all the answers. Richard Rutter/Flickr

Wise counsel or passing the buck? The role of board advisers

Many employees and investors in large companies believe organisational leaders overuse consultants. Witness the latest broadside at the embattled David Jones board, accused of appointing advisers to take…
Quarantining losses is used across much of our public finance system. Negative gearing is an exception. Image sourced from www.shutterstock.com

Why it’s time to quarantine negative gearing

Abolishing the sacred cow of negative gearing - where losses can be used as a deduction against other income - is considered by governments of all persuasions as electorally unpalatable. But this part…
The Competition Review is small business minister Bruce Billson’s baby; but the focus is now far wider. AAP/Daniel Munoz

An ambitious agenda for Harper’s competition review

At last, the government’s Competition Policy Review’s terms of reference have been released, and the panel, with Ian Harper as chair, announced. The minister for small business, Bruce Billson – charged…