![Forget the model and check the real world.](/web/20170315051411im_/http://www.smh.com.au/content/dam/images/g/i/h/t/r/s/image.related.landscape.460x307.guxhis.png/1489461794205.jpg)
Facts get in the way of the company tax cut chant
The reality is that higher profits aren't translating into higher wages.
Michael Pascoe is a BusinessDay contributing editor. He comments on companies, markets and the economy.
The reality is that higher profits aren't translating into higher wages.
On the present trajectory of political fiddling about housing affordability, the odds are reasonable that Scott Morrison's second budget will include National Housing Lotto. It's not much worse an idea than some that have been suggested and apparently are about to be tried.
There's an extraordinary battle underway in a relatively small listed investment company that tangentially involves the well-known names of James Packer and Peter Switzer.
Forget the banks, they're relative amateurs. If you want outrage, check out the private health insurance rip-off as demonstrated by NIB and Medibank.
The new chief dealer at James Packer's Crown Resorts seems to have a flexible view of what "VIP" might mean.
If the big banks offer cheap cards, will consumers be smart enough to use them?
This is interesting: the Fair Work Commission has pretty much agreed with the Productivity Commission's recommendations on penalty rates, so penalty rates should be sharply higher for everyone on shift work.
Here's something else to worry about: the legion of cyber fraudsters and identity thieves are trying to steal your frequent flyer points – and they're succeeding.
For all the turmoil marking the first weeks of President Trump, the big boot is yet to drop. That's when the angry heartland realises the factory jobs aren't coming back, whatever Trump promised.
"Alternative facts" make it hard to develop a rational attitude about government revenue, expenditure and the future of Australia.
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