As you know from the royal commission into bad banking behaviour, the banks are now clamping down on irresponsible lending. That’s leading to lower credit growth.
Many homeowners have been hoping the Reserve Bank of Australia (RBA) will come to their rescue by cutting interest rates below the current record low 1.5%. But they’re likely to be disappointed.
We’ve been given detailed information regarding our country’s newest addition — F-35A Joint Strike Fighters. And yesterday, the first two landed in Newcastle.
You may not recall much from 1989–91. But if you were a home owner in Sydney, you likely lost sleep during those years as you watched your home’s value plummet. Now Sydney is on track to beat that ruinous record.
As surely as night follows day, any mention of reducing Australia’s high-level immigration intake, to address its skyrocketing population, will see vested interests shout down the idea.
We’ve been warning that crude was overpriced since April. And it all comes down to a massive supply of oil coming from the world’s top three producers — the US, Saudi Arabia, and Russia.
The 2017 Melbourne Cup long weekend saw $39.4 million in commercial accommodation spending, $56.9 million in retail spending — from dresses, to fascinators, to hair and makeup products — and $27.1 million spent on food and beverages.
2018 has seen the beginning of the downturn for housing demand and prices. QBE Insurance released data on Thursday, forecasting a fall in the price of units. They expect a 2.1% fall for Melbourne and 3.1% fall in Sydney.
Dick Smith has recently kicked up a mini-firestorm about online travel booking agents (OTAs) engaging in monopolistic practices. He is largely right…
The supposedly ‘great minds’ down at The Age and the Grattan Institute seem to think two rather wrongheaded things. The first is that we don’t need major infrastructure projects. Apparently, they’re nothing but election-time vote grabs…
When it comes to an abundance of natural resources, Australia is a world leader. And it’s not just coal, gold, iron ore and natural gas. No, Australia is also rich in lithium. You may have followed the lithium story over the past few years.
If you drink alcohol, smoke tobacco, drive a car, or plan to visit a doctor this year, the Australian Bureau of Statistics has some bad news for you.
At the end of the day, there is no getting around the fact that Aussie companies paying a 30% tax rate will be operating at a disadvantage to their foreign competitors who pay far lower taxes.
If you live in Victoria, CommSec’s latest quarterly ‘State of the States’ economic report contains same good news…and some not so good news.
Australians have been targeted in more than 300 major data breaches this year — with hackers and criminals getting access to the private data of hundreds of thousands of people.
Last week The Australian Tribune reported that Perth had decided the city needs facial recognition technology in its CCTV cameras. We were unsure why at the time. And we remain unconvinced of the need for this privacy eroding measure today.
The cost to everyday Australians of meeting the Paris Accord emission reductions continues to grow. While any tangible benefits remain unknown…at best.
Anger-management and emotional intelligence needs to be taught early on in our homes and schools. Both to men and women. But what about in the meantime? Well unfortunately, Australia won’t let women defend themselves.
The tough border policy is a long game. Reversing course now could see people smugglers back in action almost overnight. And that reality is not lost on South Australian voters.
No one argues the fact that electricity prices have gone through the roof and need to come down. But the Liberal party remains adamant that they have the best solution to bring costs back to Earth.
There are good reasons Australia’s cities are ranked among the most liveable cities in the world. Those same reasons make Australia a tremendously attractive location for people smugglers to spruik to their desperate human cargos.
It remains unclear why the city of Perth needs facial recognition technology to keep its citizens safe. Similar technology is used in China’s major cities. But its use in crime fighting is dwarfed by its use to control Chinese citizens’ behaviour.
First, to allay alarm, the following scenario — and the purposefully vague headline above — are hypothetical. While there were thefts and assaults in Melbourne over the weekend, this one is wholly made up.
Like much of the world, China’s growth miracle owes much of its magic to debt. Lots and lots of debt. Analysts have been warning about China’s ballooning debt for years.
US President Donald Trump, for one, isn’t happy with the high prices US voters are paying to fill up their cars. Not only does he want to appear to be doing something to help them. He wants to ensure petrol prices come down before the US mid-term elections in November.
Trump has been busy this year. He slapped 25% taxes on imported steel and aluminium — even from allies — and cited national security as his rationale. Could Trump’s move end up working for the US and even Australia?
If the future sees smart machines doing much of the work we do today, which looks inevitable for both white and blue-collar workers, then the decidedly socialist concept of a universal basic income comes into play.
Modern medicine has gifted Australians — on average — with more than 4,000 extra days of life compared to what we could expect 50 years ago. The work underway in gene specific medicines would look more at home in the pages of a science fiction novel than a science journal.
With OPEC ministers meeting this Friday, 22 June, all eyes will be on Vienna to see how much more supply is likely to come online. By next week, we’ll know if the hedge funds were right to be optimistic on rising oil prices. But I wouldn’t invest alongside them.
Automated machinery and artificial intelligence (AI) customer service have hit us with the harsh reality that computers are out for your job. Society simply isn’t ready for technology to evolve so rapidly.