December 2018
Professor Joseph Stiglitz Winner Of Sydney Peace Prize 2018
Welcome to Follow The Money’s summer special series! If you’re taking a break this summer, but still crave a political fix, settle in a listen to the ‘best of’ from the Australia Institute’s live politics in the pub events this year. In this episode you will hear from Nobel laureate economist and winner of the
Yes, Yes, Yes With Alex Greenwich MP, Dr Shirleen Robinson & Senator Sarah Hanson Young
Welcome to Follow The Money’s summer special series! If you’re taking a break this summer, but still crave a political fix, settle in a listen to the ‘best of’ from the Australia Institute’s live politics in the pub events this year. In this second episode of our summer series and one year on from the
Inequality Getting Worse, Aussies Say, as Report Lays Out Blueprint for Change
A majority of Australians (63%) think our society has become more unequal over the last ten years while even more (79%) believe that governments should be doing more to reduce inequality. The new survey data has been released along with a landmark report from Australia21 and The Australia Institute, outlining a path to a more
The Year Past, and the Year to Come
Workforce (a labour relations bulletin published by Thomson-Reuters) recently surveyed major IR figures in Australia on what they saw as the big issues in 2018, and what they expect as the major talking points for 2019. Jim Stanford, economist and Centre for Future Work director, was one of those surveyed, and here are his remarks. What
November 2018
Majority of Australians want ABC protected from political interference
A majority of Australians want the ABC’s independence protected from political interference, and agree the ABC must do more to defend its political independence new research from The Australia Institute shows. Key points: Vast majority of Australians (73%) agree the ABC’s independence should be protected from political interference 61% agree the ABC must do more
‘Go Home On Time Day’ 2018: Australians Owed $106 Billion in Unpaid Overtime, Report Reveals
The 10th annual ‘Go Home On Time Day’ report by The Australia Institute’s Centre for Future Work estimates that Australian employees will work 3.2 billion hours of unpaid overtime for their employers this year, worth an estimated $106 billion in foregone wages.
Go Home on Time Day 2018
Wednesday 21 November is Australia’s official “Go Home On Time Day,” sponsored by the Centre for Future Work and the Australia Institute. This represents the 10th year of our initiative, to provide light-hearted encouragement to Australian workers to actually leave their jobs when they are supposed to. Instead of working late once again – and allowing your employer to “steal” even more of your time, without even paying for it – why not leave the job promptly. Spend a full evening with your family or friends, visit the gym, see a movie – do anything other than work.
October 2018
Sydney Opera House ads may break National Heritage Law
The repeated nature of the use of the Opera House sails to project night-time images that are potentially inconsistent with the design of the building or its values requires the matter to be referred to the Federal Environment Department under s68 of the EPBC Act, according to analysis by The Australia Institute. The Australia Institute
Could The Global Financial Crisis Happen Again?
Ten years ago, on September 15th 2008 the US investment bank – Lehman brothers collapsed – triggering panic on financial markets around the world and the start of what we in Australia call the Global Financial crisis. So what lessons were learnt? How appropriate was Australia’s response? What is the political legacy of the GFC?
It is greed that has led Australian banks to steal from dead people
by Richard Denniss, Chief Economist at The Australia Institute. [Originally published in the Guardian Australia 03.10.18] Greed is good. Or so said Michael Douglas’ character Gordon Gekko in the 1980s hit film Wall Street. Gekko went further, stating “Greed, in all of its forms; greed for life, for money, for love, knowledge has marked the upward
September 2018
ABC Board appointments process needs reform to protect independence
The process for ABC Board appointments, including the appointment of the Chair, needs reform in order to depoliticise future appointments and protect the ABC’s independence. The Australia Institute has put forward five recommendations on how the appointment of the new Chair of the ABC Board and future Board appointments could be reformed. The report recommends
Our regulators fail to protect the vulnerable from the greedy. Let’s find out why.
by Richard Denniss. [This article originally appeared on The Guardian Australia 19.09.2018] The royal commission Australia really needs is one into the spectacular – almost complete – failure of our regulators to protect the vulnerable from the greedy. While it is clear that many of our so-called watchdogs are little more than lap dogs, what
Secure long-term housing at half the cost
New research from the Australia Institute and Prosper Australia shows Government could use existing housing schemes to reduce the cost of secure long-term housing by as much as 52%, at no extra cost to the budget. The report shows that the government can create more secure long-term forms of residency, insulated from changes in market
ACT’s Land Rent Scheme sets national example
Canberra’s innovative Land Rent Scheme has been singled out in new research from the Australia Institute and Prosper Australia that shows if applied nationally, Government could significantly reduce the cost of secure long-term housing. Currently the scheme sees over one-thousand Canberra households saving more than $9 million in housing costs per year, at no cost
August 2018
SA, TAS, QLD miss out on company tax cuts: new analysis
South Australia, Tasmania and Queensland all miss out on company tax cuts with only 11% of beneficiaries headquartered in those three states, analysis of Department of Finance data and ATO statistics reveals. The Australia Institute has today released new analysis of a list compiled by the Department of Finance and distributed to crossbench senators outlining
July 2018
Mayo: New Polling on Asylum Seekers and Adani
The Australia Institute commissioned ReachTEL to poll the federal seats of Mayo (766 respondents) on the evening of Wednesday 25 July. Key Findings: 59/41 two-party preferred, favouring Centre Alliance candidate Rebekha Sharkie 64% of Australians support bringing genuine refugees to Australia who arrive by boat, only a quarter support indefinite detention on Nauru and Manus
The ABC needs fixing, not ‘saving’
By Richard Denniss – Chief Economist at The Australia Institute. [This article originally appeared in the Australian Financial Review on 24 September 2018] Wars are expensive and culture wars are no different. Indeed, the opportunity cost of Australia’s culture war is enormous as it comes at the expense of developing meaningful energy, broadband and tax
Voters in Longman and Mayo oppose ABC privatisation
A majority of voters in Longman and Mayo oppose privatisation of the ABC. The Australia Institute commissioned a poll of 727 Longman and 736 Mayo residents conducted by ReachTEL on June 21st. Results:+ A majority of respondents in Mayo (74%) and Longman (58.7%) oppose selling off the ABC in Australia’s capital cities+ Opposition to privatisation
Symbolic fights make sense when you’re losing the real ones
By Richard Denniss, Chief Economist at The Australia Institute. [Read in The Australian Financial Reiew here] Confidence is silent and insecurities are loud. How else could you explain Sky TV commentator Rowan Dean’s need to credit “Western values” for the Thai junior soccer team’s successful rescue? In case you missed Dean’s comments – because, like most
Culture warriors ignoring lessons
By Richard Denniss, Chief Economist at The Australia Institute [View article in the Canberra Times here] Confidence is silent and insecurities are loud. How else could you explain Sky TV commentator Rowan Dean’s need to credit ‘‘Western values’’ for the Thai junior soccer team’s successful rescue? In case you missed Dean’s comments – because, like
ABC still Australia’s most trusted news source
Australians rate the ABC as increasingly important in an age of ‘fake news’ and social media new research shows. The Australia Institute commissioned a poll of 1,557 people which was conducted by Research Now between 27 March and 7 April 2018. Key results: Majority (68%) of respondents think the ABC is more important in an
How ‘free marketeers’ killed Neoliberalism
By Richard Denniss, Chief Economist at The Australia Institute [Read in the Sydney Morning Herald here] Economic rationalism and neoliberalism are dead in Australia. In an unexpected twist, the idea that markets are good and governments are bad was killed by the right wing of Australian politics, who simply couldn’t resist the desire to shovel
Majority want CEO salaries capped
A new national poll, conducted by The Australia Institute, has found a majority of Australians support placing a strict limit on the maximum salary for CEOs or executive staff, with four out of five saying CEOs are paid too much. The poll follows a report by The Australia Institute that showed ten years on from
June 2018
Manufacturing Rebound Could Be Cut Short By Skills Shortage
After years of decline, Australia’s manufacturing industry is finally recovering – adding almost 50,000 jobs in the last year, one of the best job-creation records of any sector in the whole economy. But that recovery could be cut short by growing shortages of skilled workers, according to a new report on vocational training in manufacturing.
New Analysis: 95% of Stage 3 Tax Cuts go to high income earners
New Australia Institute analysis of stage three of the government’s income tax plan show high-income earners will get 95% of the benefit, while three-quarters of taxpayers get no benefit at all. Today the Senate has rejected stage 3 of the government’s income tax plan, which removes the 37 per cent tax bracket completely, resulting in
Dead Right – How Neoliberalism Ate Itself And What Comes Next
Why, after 27 years of economic growth and a mining boom, how can Australia be too broke to afford high quality rape crisis services, or to increase Newstart above the poverty line? Today you’ll hear the Australia Institute’s Chief Economist Richard Denniss at the official launch of his June Quarterly Essay – Dead Right: how
Mayo poll shows electorate wants ABC protected
The Australia Institute commissioned ReachTEL to conduct a survey of 1,031 residents across the federal electorate of Mayo on the evening of 5 June 2018. The poll included a question about funding for the ABC. The results are released today. Key results: 74% of respondents think funding for the ABC should be increased or stay the
Inequality in Australia going from bad to worse
On Monday 18 June, The Australia Institute, Australia21 and the former Treasurer, the Hon Wayne Swan MP, are jointly hosting a roundtable discussion in Parliament House on dealing with economic inequality in Australia. A new report from The Australia Institute, released as part of the Inequality Roundtable, shows inequality is getting worse in Australia with
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