May 2011

Recent media

Why the obsession with a budget surplus?, The Drum, 9 May ‘Green jobs’ won’t save the debate, Climate Spectator, 6 May Retailers battered by online shopping, ABC Radio National Breakfast, 9 May Dick Smith’s foreign food fightback, A Current Affair, 12 May Go back to Between the Lines

Recent publications

Surplus fetish: The political economy of the surplus, deficit and debt, D Richardson, 9 May The industries that cried wolf, R Denniss, 18 April The price of disloyalty: Why competition has failed to lower ATM fees, J Fear, 17 February Complementary or contradictory? An analysis of the design of climate policies in Australia, R Denniss

Richard’s reflections on the federal budget

Once upon a time the justification for delivering the federal budget speech at 7.30pm was so that the stock market and money market would have time to absorb the information before the next day’s trading began. But these days, with many Australian shares listed on international stock exchanges and the Australian dollar traded just as

Green jobs’ won’t save the debate

by Richard Denniss in The Australian

There has been a lot of talk about the need to ‘reframe’ the debate about climate change among the Australian environment groups who have tasked themselves with persuading our politicians to reduce Australia’s greenhouse gas emissions. Unfortunately, their attempts to reframe the debate have been as unsuccessful as their attempts to persuade our politicians. The

Recent media

The high price of ATM promiscuity, ABC The National Interest, 8 April Hiding $50b: down periscope, The Canberra Times, 29 April Revealed: banks escape tough rules, The Age, 27 April Go back to Between the Lines

Recent publications

The industries that cried wolf, R Denniss, 18 April The price of disloyalty: Why competition has failed to lower ATM fees, J Fear, 17 February Complementary or contradictory? An analysis of the design of climate policies in Australia, R Denniss and A Macintosh, 9 February Go back to Between the Lines

High stakes in gambling reform

No doubt inspired by the success of the mining sector in its fight against the Government’s Resource Super Profits Tax , ClubsAustralia recently tried to flex its muscles by launching a $20 million campaign against the Government’s proposed gambling reforms instigated by Independent MP Andrew Wilkie . The blokey ‘It’s un-Australian’ ad warned punters that

The industries that cried wolf

 As a child, the story of the boy who cried wolf would have kept many of us from telling fibs or raising a false alarm. Yet, in the adult world of business it seems Aesop’s fable doesn’t carry much weight, or at least when it comes to discussing the impact of putting a price on

Australia: a low-tax country

 The federal budget will be handed down in a fortnight’s time and the Treasurer Wayne Swan has taken to the airwaves to warn us it will be lean and “unpopular”. The recent natural disasters have cut $9 billion from economic output and tax collections are down this financial year by $4.5 billion. But, the Treasurer

April 2011

High risks in carbon gamble

by Richard Denniss in The Canberra Times

The only thing that big business in Australia wants more than certainty is the certainty that they will get their own way. When they aren’t certain about that, it’s amazing how much uncertainty they are willing to tolerate. It seems it’s better to have a chance of a win than be certain of a loss.

Supermarkets too big to fail

by Richard Denniss in The Canberra Times

Picking teams in Australian policy debates used to be as simple as picking sides in old movies; the good guys wore white, the bad guys wore black, and the audience knew where everybody stood. But life just isn’t that simple especially when we consider the milk price war that is raging at the moment. Am

March 2011

Do you or your colleagues need to know more about economics?

New courses offered by The Australia Institute The Australia Institute offers tailored courses on understanding economic concepts and how they apply to your specific circumstances. Whether you’re involved in the creation of policy, advocacy or you just need to understand some economics to better do your job the Australia Institute can provide a course to

The hidden unemployed

The official (seasonally adjusted) unemployment rate now stands at 5 per cent and there is talk again that Australia has virtually attained full employment. However, other labour market data released in March shows that the official figures hide the real extent of unemployment in Australia.  For example, while the number of unemployed at the moment

Just how important is the mining sector to Australia?

Just how important is the mining sector to Australia? Sure, we all know that Australia is in the midst of a mining boom but does it deserve to be considered the darling of the economy? New figures from the Australian Bureau of Statistics (ABS) show that in the year to February 2011 305,700 jobs were

Nuclear industry hedging its bets on safety

As Japan faces the aftermath of the triple tragedies of earthquake, tsunami and nuclear pollution the world is again forced to confront the consequences of the faith it has placed in nuclear energy. While the public is largely united in its desire to move away from nuclear energy the uranium industry remains upbeat in its

NL 65, March 2011

This edition of the Institute’s newsletter looks at the foundations of Australian attitudes to boat people, patenting human genes, the politics behind the carbon tax, what “Made in Australia” really means and the consequences of high ATM fees. It also examines gambling revenue and the consequences that gambling reform will have on state and territory

Let the shopping spree begin

by Richard Denniss in The Canberra Times

Prime Minister Julia Gillard’s decision to give U.S. President Barack Obama an iPod of Australian music speaks volumes about the ongoing evolution of the strong relationship between Australia and the United States. While successive leaders have demonstrated their warm commitment to the international relationship, it is hard to imagine John Howard, or even Kevin Rudd,

February 2011

Good politics, good policy

by Richard Denniss in The Australian

Julia Gillard’s multi-party committee on climate change (MPCCC) has achieved what the Rudd government should have relied on its cabinet for – a good political outcome likely to deliver a good policy outcome on that wicked problem of climate change. While there is still plenty of room for negotiations to go off the rails, the

Owning an ATM is money in the bank

by Josh Fear in The Punch

Each and every day millions of Australians pay financial institutions to access their own money. Some pay more while others pay less, depending on the way they do it. Sometimes, as with EFTPOS transactions, the price consumers pay for their own money is largely invisible, being factored into the prices of goods and services. In

January 2011

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