Comment

Peter Martin

Peter Martin is the Economics Editor for The Age.

Study after study finds that more expensive wines taste better, when people know they are more expensive.

Do your guests a favour. Serve them something cheap

I hate going into bottleshops. Partly because I was brought up a Methodist, and partly because I never pick the right thing. If I spend too much, I'll be wasting my money; if I spend too little, the guests will think I'm serving rubbish. And to me, it all tastes the same.

As the victor, Donald Trump's challenge will be to become a president for all Americans and all nations.

Trump win is disastrous for Australia

President Donald Trump will declare economic war on our biggest customer, wipe unprecedented amounts off global stock markets, usher in extraordinary financial instability, and risk turning the the world's biggest economy into a basket case by pushing its national debt past 100 per cent of GDP.