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The Economy
Leaders sound alarm on budget as economists predict billions wiped from revenue
Gareth Hutchens, Matt Wade, Mark Kenny 6:27 AM Australia's federal and state leaders have issued a stark warning of growing budget pressures across all levels of government amid calls for the federal government to dramatically reset voter expectations about the health of Australia's public finances.
Oil, mining downturn yet to hit bottom
Brian Robins 12:15 AM Oil and resources are on a downward path and there seems little hope of a rebound on the horizon.
Innovation needs to be in your face
Ross Gittins 9:00 PM What can governments do to encourage innovation? Well, as we learnt this week, Malcolm Turnbull can think of $1.1 billion-worth of things to do.
Opinion
Australia can be a force in technology
John McDuling 5:26 PM It's safe to say technology has crashed through into the economic consciousness of the nation.
Malcolm Turnbull's former employer Goldman Sachs tips early election
Vanessa Desloires 3:40 PM The investment bank says it is likely the government will go to the polls in the next six months to take advantage of its high approval ratings.
Michael Pascoe
Jobs boom is a Sydney story
Michael Pascoe 1:41 PM There is an extraordinary wall of negativity in the economic commentariat about the much-better-than-expected employment statistics.
Disruption in Australia is not a new innovation
Harold Mitchell 12:15 AM We've a long history of challenging accepted business wisdom.
Reform brawling should force states' land tax hand
Michael Pascoe How brawling, blaming and buck passing might end up driving decent tax reform.
Jobs growth is nothing like the 71,375 Michaelia Cash trumpets
Peter Martin No one can accuse the Employment Minister of failing to take advantage of an opportunity.
Unemployment drops to 5.8 per cent
Mark Mulligan The jobs market in November added another 71,400 positions to October's extraordinary gain of almost 60,000, beating expectations.
The RBA may consider lifting rates by end 2016, BAML says
Vanessa Desloires Bank of America Merrill Lynch says a gradual recovery may lead the RBA to look at lifting rates by the end of next year.
Companies can't cut out the clever
John Pollaers Boards must follow Malcolm Turnbull's lead and not rein back spending on innovation.
Property investors backing out fast
The steam is clearly coming out of the housing market, thanks to a sharp decline in the level of investor lending.
Consumer confidence cools amid GST talk
Mark Mulligan Consumer sentiment sags, as the cooling housing market, talk of a GST increase and worries about family finances began to weigh on the mood.
Consumption to flag as housing market cools
Mark Mulligan The economy will struggle to maintain already lacklustre growth rates next year as the main drivers of expansion in 2015 start to flag, a former senior economist with the Reserve Bank of Australia has warned.
Orica loses battle with tax office
Sarah Danckert Orica reveals court judgment over its tax affairs will put a $36 million dent in next year's profits.
'Delusions' setting Australia up for a big budget shock
Nassim Khadem The case for company tax cuts for large business has not been subject to "rigorous analysis" according to leading economist Ross Garnaut.
Economy's transition 'on track', says NAB
Mark Mulligan Business confidence rebounded in November and conditions remain above average, suggesting Australia's economic transition is on track, according to National Australia Bank.
Allan Moss appointed to RBA board
Edward Johnson Allan Moss, a former chief executive officer of Macquarie Group, has been appointed to the Reserve Bank of Australia's board, the government said Tuesday.
Petrol prices drop, but expected to increase before Christmas: NRMA
Julie Power Petrol prices is urging motorists to fill up while cheap petrol prices last, says NRMA's
Chinese demand for Aussie homes down 15% - McGrath
Narayanan Somasundaram Chinese demand for Australian homes has dropped as much as 15 per cent from a year earlier as China's stocks tumbled and the economy slowed, according to real estate agent McGrath.
ATO targets private school parents
Nassim Khadem Parents who had private school fees paid from overseas accounts will be contacted by the ATO this week.
Innovate or be damned
Adele Ferguson For years Australia has carried the stigma of failing to commercialise inventions. The so-called smart country has looked increasingly deficient.
Consumer sentiment still weighed down by wages, markets
Mark Mulligan Retailers banking on a busy Christmas might be a little underwhelmed by consumers' Scrooge-like behaviour at times, says Barclays, but the purse-strings are loosening.
Lethargy has struck services exports
Michael Pascoe After two years of high achievement against the odds, something strange has happened with our services exports.
Government to save startups from 'Valley of Death'
Nassim Khadem A suite of new tax incentives by the Turbull government aim to increase investments in startups.
These 20 Americans own more wealth than half the US population combined
Inga Ting America's wealthiest 20 people own more wealth than the bottom half of the country's population - about 152 million people - combined, according to new research.
'Positive signals': fourth month of job ad growth
Job ads another encouraging sign that the demand for labour is improving.
ECB head defends stimulus package after market backlash
President Mario Draghi is confident the measures unveiled will help bring inflation back to the ECB's target.
Broken public service leads to broken governance
Ross Gittins There's no bigger question in politics today than why our governance has become so bad.
