November 2012

Survey results – Choosing schools and teachers

The Australia Institute conducted an online survey of 1,422 Australians in March 2013. Survey respondents were representative by sex, age and state/territory. The survey included questions about survey respondents’ awareness of employment practices that may be used by private schools. Respondents who had children (n=306) at school were also asked what they looked for in

Data crunch: How many (con) jobs are there in Tassie forestry?

by Andrew Macintosh and Richard Denniss in Crikey

According to Rene Hidding, Tasmania’s Liberal spokesman for forestry, it is “insulting” to Tasmanians to inform them about the tiny contribution the forestry and logging industries make to that state’s employment. Presumably he thinks it would be better to deceive the people? For all of the analysis about what the collapse of the state’s forest

IMF study confirms super profits of Australia’s banks

IMF study confirms super profits of Australia’s banks A new study by the International Monetary Fund shows that Australia’s ‘big four’ banks are the most concentrated in the world and are among the most profitable in the world. The IMF today released its Financial System Stability Assessment for Australia . The following graph (to see

The high price of stress

by Richard Denniss

Job ads and corporate websites are often littered with claims that particular companies are “employers of choice” or committed to the wellbeing of staff. But according to a recent survey by the Australia Institute, around one third of the workforce reports experiencing stress and anxiety as a result of their work. About 2.2 million workers

All work + no play = stress

by Richard Denniss in The Sydney Morning Herald

John Howard’s description of work/life balance as a ”barbecue stopper” was more accurate than he realised. Not only does it continue to stop conversation among the ”working families” of such interest to political strategists, but the length and unpredictability of working hours makes it increasingly difficult for friends and families to make plans and keep

October 2012

Bank customers pay for oligopoly

by Richard Denniss in The Australian Financial Review

Neoclassical economics has a clear definition of a competitive market, but it has been so debased by Australian politicians and business leaders that it now borders on meaningless. According to mainstream textbooks, a competitive market is one in which there are lots of buyers and sellers, none of whom have any market power. Buyers are

Coops offer alternative

by Richard Denniss in The Canberra Times

They’re not widely publicised, but co-operatives and mutuals give customers a different option to the major banks. You might not like the fact that the big banks dominate 90 per cent of the mortgage lending market or that the finance industry makes a fortune investing your compulsory super in other big companies that buy up

Big four’ or credit unions? The $76,000 question

Despite eight in every ten Australians belonging to a co-op or mutual such as the NRMA or AustralianSuper, only 16 per cent realise it, according to a new paper by The Australia Institute being launched today. In the first analysis of its kind, The Australia Institute has mapped the size and scope of mutually owned

When policy lacks nuance

by Richard Denniss in The Australian Financial Review

The faith of Australian policymakers and business leaders in communist China to keep delivering record growth is touching. Just as they assume the sun will rise tomorrow, so too do they believe those responsible for setting China’s exchange rate, making five-year plans and running their vast state-owned enterprises will keep doing a great job. When

Lurk before you leap

by Richard Denniss

It’s always a bit sad watching someone torn between what they said they wanted and what they really wanted. Choosing can be hard at the best of times, but having an audience can make it excruciating, so spare a thought for the good folk of the Business Tax Working Group. Corporate Australia has told us

September 2012

Taxing issues for voters

by Richard Denniss in The Canberra Times

The Canberra Liberals are hoping to win the upcoming election on a promise of lower rates. If you vote Liberal, the ads blare, your rates will be lower. But what is not clear is whether they plan to collect less tax overall. The ads are strangely silent on this issue but the simple fact is

Productivity – lazy workers or lazy analysis? – NL Sept 2012

This edition of The Australia Institute’s newsletter features: Productivity – lazy workers or lazy analysis? David Richardson Gina’s call a bit rich Dr Richard Denniss Exposing the great sunscreen cover-up Dr Gregory Crocetti Measuring fugitive emissions Matt Grudnoff Could you live on $245 per week? Ben Irvine Infographics The economy and social justice Senator Doug

Miners should pay premium

by Richard Denniss in The Australian Financial Review

Listening to the mining industry complaining about the high exchange rate is like listening to a three-year-old complaining about the noise of their own tantrum. It simply adds insult to injury. The surge in world demand for our resources and the flood of foreign money into Australia to buy or build mining assets has been

Opposition engages in class warfare by attacking super rebates for low income earners

Media release 14 September 2012 Press reports today suggest the Coalition has plans to scrap the superannuation rebate for low income earners. A recent publication by The Australia Institute ‘Can the taxpayer afford ‘self-funded retirement’?’ has drawn attention to the super rorts benefiting high income earners in Australia. ‘When in government the Coalition turned superannuation

Political cowardice on ‘self-funded’ super

by Richard Denniss in The Australian Financial Review

There are two fiscal elephants in the Gillard government’s cabinet room. The first and better known elephant is the fact that the government’s wafer-thin surplus has been crushed under the weight of a slowdown in revenue forecasts and a speed-up in new spending announcements. The second elephant is that the cost of so-called “self-funded” retirement

August 2012

Tasmania’s forestry sector akin to work for the dole

by Andrew Macintosh and Richard Denniss in Crikey

Late last week, the details of an interim agreement between the forestry industry and green groups on the future of Tasmania’s native forests was released, showing the distance between the two parties has narrowed considerably. Both sides now support the creation of additional reserves and a permanent native forest timber production area, and want governments

James Price Point LNG project will cost jobs and drive up cost of living for local communities: new analysis

According to the Western Australian government’s own economic assessment, the Browse LNG precinct proposed for James Price Point is likely to have a significant adverse impact on the state’s budget, will employ few local workers and harm the region’s reputation as a tourist destination, a new analysis by The Australia Institute has found. Mr Matt

Debt is not the villain – NL July 2012

This edition of The Australia Institute’s newsletter features: Debt is not the villain Dr Richard Denniss Childcare’s market model in dire need of reform Eva Cox It’s hard to escape the big four banks David Richardson Illicit drugs: Changing the current prohibitionist paradigm Prof Bob Douglas A promise delayed, is a promise denied Bridget Griffiths

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