June 2024
Households are hurting. Savings are weak. The future’s uncertain. Is a rate cut near?
The Reserve Bank’s decision to keep rates steady reinforced that the economy at this moment remains one with both good and bad signs, and the RBA governor, Michele Bullock, is refreshingly upfront about the difficulties.
Australians buy more clothes than any other country | Video
“We are recommending a tax on fast fashion to protect Australian businesses and also protect the environment.”
Obsessing over the inflation rate misses one key point: the economy is more than just how fast prices are rising
Over the past few weeks some economists and commentators have become rather obsessed and unhinged about Australia’s inflation rate.
Machiavelli would have known what to do about PwC
Today, the name of Niccolò Machiavelli is a byword for cynicism and hunger for power, but there was one profession so parasitic and selfish even he could not stomach it.
“Shocking” near-zero growth a sign that rates are hurting the economy – Jericho
High interest rates have dramatically slowed the economy, pushing many households to their limits, says Greg Jericho.
Australia is on the brink of recession. So why does the RBA think we are spending too much?
The latest GDP figures reveal that the RBA has got its wish of an economy growing so slowly that it teeters on the edge of a recession.
The fatal flaw in Australia’s renewable energy superpower plan | Video
Digging into details of the Future Made in Australia plan, does the Government’s actions match their rhetoric?
No need for panic over ‘sticky’ inflation: Jericho
Inflation has stopped falling, but there’s no need for a further rate hike, says Greg Jericho.
May 2024
Majority of Offshore Gas Projects Paid ZERO Royalties | Video
“The Australian public thinks the gas industry should be paying for the gas.” “We can keep doing dumb things if we want to. But if this Government wants to have more money for schools, more money for hospitals…there is a simple tax reform opportunity here.” – Executive Director Richard Denniss on ABC The Business
Great Gas Giveaway Press Conference | David Pocock, Monique Ryan, Richard Denniss
Australia Institute research has found that 56% of gas exported from Australia attracts zero royalty payments, effectively giving a public resource to multinational gas corporations for free. Around 80% of Australia’s gas is exported as liquefied natural gas (LNG). Most of this gas is extracted from gas fields in Commonwealth waters, but the Australian Government
“Extraordinary” No royalties paid on 56% of gas exported from Australia | Video
Gas companies are meant to pay royalties for the right to extract and sell Australian gas. But no royalties are paid on 56% of gas exported from Australia. Report author Mark Ogge joined ABC News to discuss. A new report from the Australia Institute, Australia’s Great Gas Giveaway, shows that over the last four years,
‘Sticky’ inflation is not falling – but it’s not rising, either. Why should that mean another RBA rate hike?
The latest inflation figures released on Wednesday showed that inflation is “sticky” and is no longer falling at the pace it was earlier this year.
Does leave for menstruation and menopause advance women’s rights and gender equality at work?
As pressure grows for action to establish new work rights, including additional leave, for those who experience menstruation and menopause, the Centre for Future Work’s Senior Researcher, Lisa Heap, canvases the debate about whether these rights will advance gender equality at work.
Can Jim Chalmers ‘buy’ a reduction to inflation?
While money can’t buy everything, the Australian Government can ‘buy’ a lower Consumer Price Index (CPI).
These nine popular policies launched in Canberra, so where are they now?
In 2019 the Australia Institute identified ambitious, progressive policies from the Australian Capital Territory, most of which are overwhelmingly popular among all Australians. Five years on, we have an update on how these policies have progressed in Canberra and around Australia.
Video Report: Native Logging continues in the Great Koala National Park
An on-the-ground video investigation into native forest logging and the people trying to protect the last refuges of some of Australia’s most iconic wildlife.
“Smash and Grab”: Backwards Carbon Credits Logic Incentivises Native Forest Logging
Ongoing logging within the boundaries of the proposed Great Koala National Park threatens the survival of endangered species and contradicts conservation efforts, writes Stephen Long.
Raising jobseeker is not ‘fiscally sustainable’? Sorry, but that is flat out wrong
On Monday the Productivity Commission released its snapshot of inequality report.
Video: Why Gina Rinehart’s Wrong About the Housing Crisis | Richard Denniss on the Today Show
“Gina Rinehart and the mining industry already get out of paying excise on petrol. So I can see why she thinks everybody should avoid it.” – Executive Director Richard Denniss on Channel 9’s the Today Show.
Australians have lost 14 years of progress on living standards. A wages breakout? Please. If only
Remember all that talk about wage-price spirals? About wages driving inflation? All that worry about a wages breakout causing interest rates to rise? Ahh yes, good times.
5 Key Takeaways From The 2024 Budget
The Australia Institute’s analysis of the 2024 Federal Budget finds that while there some big numbers and good measures, there’s no meaningful solutions to issues such as inequality, housing or climate change.
‘Scattergun’ budget misses chance to tackle big issues
The government failed to make a dent in the structural challenges facing housing, social security and the climate in its pre-election budget, says Senior Economist Matt Grudnoff.
Australia budget 2024: the six graphs you need to see
A bigger surplus this year and a bit bigger deficit next year! Does it matter?
Calls for massive rate hikes and recession are cavalier: Jericho
Inflation will remain higher for longer, but a recession is not the solution, says Greg Jericho.
Fossil fuel subsidies make government priorities clear
If Australia is to use and produce more fossil fuels than we are now, the rest of our climate policy amounts to tinkering at the edges, writes Rod Campbell.
Minimum qualifications: The missing piece of aged care worker regulation
“Mandatory and coordinated accreditation would allow workers to have their skills recognised, boost job satisfaction and make the industry more attractive as a long-term career.
“The Aged Care Royal Commission has been crystal clear about the need for these reforms. It’s beyond time to deliver them.”
Those calling for higher interest rates in Australia should be careful of what they wish for
It seems that some people really want a recession.
Six ways the government can reduce inflation in next week’s budget
It is often said that the only way to reduce inflation is by higher interest rates. That’s not true – the government can also reduce inflation and cost of living pressures
The debate about inflation, interest rates, and the cost of living is broken.
Spreading fear about inflation not falling fast enough distorts the true picture
Increasing JobSeeker is possible, it’s just a question of priorities
The government has the power to make significant and long-awaited improvements to the JobSeeker scheme in this federal budget, but it has to make it a priority, says Greg Jericho.
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