Australian banks are aggressively encouraging customers to take on more debt regardless of their ability to pay it back, a new survey by The Australia Institute has found. The survey results, published in Money and Power: The case for better regulation in banking, reveal the extraordinary extent to which Australian banks promote consumer debt through

Between the lines is the Institute’s selective analysis of the policies and politics affecting the wellbeing of Australians. This edition looks at corporate behaviour, the influence of the resources sector on the climate change and RSPT debates, and corporate donations to political parties.

Australian families could be more than $2,100 better off if the government introduced a carbon tax, according to a new proposal by The Australia Institute.

Big business loves rapid population growth for the simple reason that they profit from having more potential customers. Governments seem to love rapid population growth because they benefit from having more taxpayers. But neither big business nor government wants to invest in the essential infrastructure that all those extra customers and taxpayers require. While the

In a big Australia, there are more people, more profits. But it’s a lazy way to grow. This opinion piece by Richard Denniss, first published in The Age, argues that population growth should impose obligations on governments to invest in new schools, new hospitals and new public transport.

Prime Minister Gillard’s vision of a sustainable Australia must incorporate an infrastructure strategy for our major cities, not just regional Australia, according to The Australia Institute.

Between the lines is the Institute’s selective analysis of the policies and politics affecting the wellbeing of Australians. This edition looks at the nature of green jobs and their creation; the return of dog whistling in political speech; donations to political parties.

The recommendations of the Cooper Review into Australia’s Superannuation System could boost super payouts by as much as $100,000, according to analysis by The Australia Institute. This is even higher than the government’s estimate of an additional $40,000 in extra retirement income for an average wage earner.

This edition of the Institute’s newsletter looks at the mining super profits tax, a charter of human rights, Australians missing out on government assistance, the war in Afghanistan, free trade agreements and the PBS, the Institute’s Measuring what Matters project, and peak oil.

“Welfare cheat” stories have become a staple for tabloid current affairs programs in Australia. We regularly hear about the scourge of dole bludgers and those in the community who are claiming benefits but appear to be healthy. In fact, the recent Budget announced a crackdown on the disability support pension by overhauling the impairment test.

Thousands of Australians, including carers and the recently bereaved, are missing out on assistance worth $623 million because the government does not actively promote awareness of such entitlements.

A group of leading Australian academic, policy and business economists has issued a statement supporting the replacement of royalties on mineral outputs by a resource rent tax.

The Minerals Council of Australia’s advertising campaign against the Resource Super Profits Tax (RSPT) highlights its $80 billion tax payments over the last decade. Eighty billion dollars in the abstract does not really mean much. It has to be related to the mining industry’s profits and compared with other industries. Using the national accounts as

Between the lines is the Institute’s selective analysis of the policies and politics affecting the wellbeing of Australians. This edition looks at the Budget with regard to climate-change policy, child care and superannuation.

Should Australia increase its population to 36 million? In this era of evidence-based policy, it seems strange that for all the government inquiries that have been held there is yet to be a major scientific, social and economic analysis of the impact of rapid population growth in Australia. While it might be hard to agree

The big banks now dominate the Australian financial system in the same way that the Melbourne Storm dominated the rugby league. They take the profits they made last year and they use them to fend off new competitors next year. They take the profits they earn in one part of their business and cross subsidise

Between the lines is the Institute’s selective analysis of the policies and politics affecting the wellbeing of Australians. This edition looks at a carbon tax; reforming the financial services industry and measuring what matters.

Another mining boom will be a mixed blessing for Australia unless the government heeds the lessons from the previous boom and sets up a resources fund, according to The Australia Institute.

Back before the CPRS took the wind out of the community it was common sense to believe that early action was cheaper than delayed action. And back before anyone had heard of ’emission intensive trade exposed industries’ it was patriotic to believe that Australia should lead the world, not lag it. If we are to

The retirement savings of millions of Australians could be boosted by up to $100,000 if the Government adopts the Cooper Review’s MySuper proposal, according to an analysis by The Australia Institute.

The market power enjoyed by Australia’s big four banks is allowing them to increase profits when official interest rates rise. This is the case even when banks pass on only the official rate rise to their mortgage customers.

Between the lines is the Institute’s selective analysis of the policies and politics affecting the wellbeing of Australians. This edition looks at subsidising Lycra at the expense of knee surgery””private health insurance premiums rise again; is Barnaby right? Is there too much government debt?; measuring what matters; shaking up the super industry.

This edition of the Institute’s newsletter looks at bank profits, loyalty cards, the government’s My School website, barriers to women’s employment, population policy and the role of carers.

A lot of people in the superannuation industry are very worried at the moment. This is not because they see another market crash on the horizon; things are generally back on track in that sense. They’re worried because things are about to get much better for millions of ordinary working Australians at the expense of

Banking is an essential part of the Australian economy – almost an essential service. So why should it be “extremely profitable” to use the former RBA’s Governor’s words? Why do bankers have to be exceedingly privileged? What does that mean to those of us who need to use the banking system? And what can we

Between the lines is the Institute’s selective analysis of the policies and politics affecting the wellbeing of Australians. This edition looks at insulation: the wrong kind of price signal; Telstra profits at the expense of low-income earners; and, banks and financial literacy programs.

The Australia Institute and Sustainable Population Australia will host a speech by Dick Smith on Wednesday, 10 March. Dick will discuss ‘Population: the elephant in the room we have ignored for too long’. 5.30 for 6pm start Molonglo Room Canberra Club 45 West Row Canberra City More details are provided in the attached flyer.

Australia’s banks are exploiting official interest rate rises to gouge ever increasing profits from customers, according to The Australia Institute. A new Institute study, A licence to print money: bank profits in Australia, reveals that since deregulation in 1983 banks have increased their share of the lending market from 50 to 90 per cent. In

Originally printed in The Age.  Nearly 800 years after celebrated rogue Robin Hood and his entourage of bandits launched raids from their Sherwood Forest hide-out – redistributing wealth from a greedy and corrupt aristocracy to the starving peasantry – he has been recruited to a new campaign. This month, 350 prominent economists, including Nobel Prize-winner

Low income households already bearing the brunt of Telstra’s market power would be worse off if price caps were removed, according to The Australia Institute’s submission to an Australian Competition and Consumer Commission’s review. The ACCC is considering whether competition in telecommunications is sufficient to grant Telstra’s call for price controls to be dropped. The