May 2011

Surplus fetish costing taxpayers

The bipartisan obsession with returning the federal budget to surplus has provided a convenient distraction from the genuine debate which is needed in Australia about when we will invest in infrastructure and social welfare, according to a new paper by The Australia Institute released today. Surplus fetish: The political economy of the surplus, deficit and

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

Banking report lets the big four off the hook

The Senate Economics Committee report into the banking sector, released today, is a disappointing missed opportunity to initiate much-needed reform to rein in the power of Australia’s big four banks which exploit their market power at the expense of consumers and small businesses, according to The Australia Institute. Senior Research Fellow David Richardson said the

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

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

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

ATM fees cost consumers $750m

Australian consumers are still spending more than $750 million per year on ATM fees despite attempts by the Reserve Bank to reform the ATM system, a new paper by The Australia Institute reveals. The price of disloyalty: Why competition has failed to lower ATM fees finds that while an overwhelming majority (82%) of Australians believe

Bank watch: CBA interest costs differ from evidence to Senate inquiry

The Commonwealth Bank of Australia’s half year report released today shows that interest expenses have increased but by substantially less than official interest rates, an analysis by The Australia Institute has found. This is in contrast to evidence the bank provided to the Senate Economics Committee in December that their interest expenses were increasing by

Bank super profits tax must be on Tax Summit agenda

Confirmation today that Treasury has considered a banking super profits tax is further evidence of the need to discuss such a proposal at the Tax Summit to be held later this year, according to The Australia Institute. Recent polling by the Institute found 81 per cent of Australians want the idea of a bank super

January 2011

December 2010

NL 64, December 2010

This edition of the Institute’s newsletter looks at 2010 in review, the consequences of ongoing work-life imbalance, the recent mortgage rate rise, Christmas public holiday pay, poverty traps and an article by Georgia Miller from Friends of the Earth on why we should approach nanotechnology with circumspection.

Power to the people, simply

by Richard Denniss in The Canberra Times

Most people when they get back from a week at a tropical resort are usually inclined to want to lead a simpler life. For the planet’s sake, let’s hope the entourage getting back from the latest round of climate talks in Cancun are also in the mood for simplicity. What simpler way could there be

Common sense prevails in superannuation shake up

The Australia Institute today welcomed the Government’s shake up of the superannuation system. “Common sense has finally prevailed,” said the Institute’s Deputy Director Josh Fear. “The overwhelming majority of super fund members want more simplicity not more choice. Since the Howard Government introduced Choice of Fund in 2005, many people have been forced to make

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