Australians aren’t alone when it comes to our unhealthy appetite for too much debt. Far from it. With interest rates across much of the globe having fallen to zero — or even below — in the years following the global financial crisis, borrowing was never cheaper.
And if you think developing nations are going to be carrying the brunt of that cost…think again. The report rather optimistically also calls for coal (of which Australia is the largest global exporter) to be phased out by 2050.
But when done properly the impact is minimal compared to the benefits. And in today’s energy hungry world, banning gas exploration — whether onshore or off — is not the mark of a responsible government.
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…
Now that ladder looks to be sinking faster than homeowners can scale the rungs. And it could spell major trouble for the Australian economy in the years ahead.
Rates are expected to remain steady again as the Reserve Bank meets, but new housing data is likely to show another drop in prices.
The federal government will take action if motorists are being ripped off over fuel prices, the treasurer says.
The retired man didn’t wish to be named to protect his identity, after unearthing a huge gold nugget worth at least $110,000 in the remote region.
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.
The Fair Work Commission has announced a pay rise for the two million Aussies on minimum wage. That might seem like a good thing. But the reality behind this decision is bleak.