Comment

The Age Editorials

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Banks' testimony shows judicial probe necessary

The banks – which are among the world's biggest – argue their internationally high profit margins should be celebrated in the community as a sign of the robust health of this cornerstone of our economy and society. That is rubbish. The reality is that the banks' unduly high profit margins reflect the gouging of customers.

World cannot afford luxury animal trade

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Crackdowns, while necessary, only mark a piecemeal approach to the problem. The bigger challenge is to confront a mistaken mindset that would exploit endangered species on the false premise of culture and tradition, or as a symbol of wealth.

Government right to open welfare debate

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Any reform must meet the public policy test of being effective, efficient, transparent and well targeted. The issues surrounding welfare are serious and complex and ought not be reduced to slogans or quick fixes.

The education debate we should have had

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There is room to adjust education policy, but it would be short-sighted and a false economy to fail to deliver adequate needs-based funding. If the government cannot do that within its fiscal constraints, it should look at re-allocating to education some of the money set for other things including marginal company tax cuts, a plebiscite and wildly expensive offshore detention centres.

Donald Trump’s dangerous delusions

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The first debate in the US presidential race left the whole world is wondering what dangerous strangeness might unfold should Donald Trump actually prevail.

Move to clean energy requires smart policy

Transmission transition.

The biggest shift is likely to be forced by allowing and encouraging the growth of a revamped system that is increasingly decentralised. With the rapid falling cost of solar power and improvements in battery storage, this is now within grasp. This is a future in which households become “prosumers” – both producers and consumers.

AFL’s historically silly Sydney final decision

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When he took over as AFL chief executive, Gillon McLachlan stated one of his top priorities would be ‘‘engaging with our fans’’. The fans, he told us, were as important to him as the clubs and the players. The Age hailed Mr McLachlan for those words at the time, but now the AFL has failed fans of GWS and the Bulldogs.