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Economy

Reserve Bank frets about wages and Australia's five minutes in the economic sun

Reserve Bank frets about wages and Australia's five minutes in the economic sun

Bernard KeaneSep 1, 20175 Comments

All signs are that the economy is building strength, but workers don't feel like it because of stagnant wages. And that's a crimp on the government's communication plans, Bernard Keane and Glenn Dyer write.

Nuclear depression: brother, can you spare US$25.7 billion?

Nuclear depression: brother, can you spare US$25.7 billion?

Bernard KeaneSep 1, 201712 Comments

Nuclear power is affordable, says the Minerals Council. But the market (and power companies) beg to differ.

Australia's construction sector is not just in decline. It's the worst it has ever been.

Australia's construction sector is not just in decline. It's the worst it has ever been.

Alan AustinSep 1, 20172 Comments

Australia's construction industry has declined for three years in a row. This has never, ever happened before.

Remember 'Jobs and Growth'? Neither does our workforce

Remember 'Jobs and Growth'? Neither does our workforce

Alan AustinAug 31, 201718 Comments

With the rest of the developed world experiencing an economic boom, Alan Austin breaks down Australia's employment figures to show that Australia is actually worse off than it was four years ago.

Neoliberals can't endlessly cut uni funding and expect a smart, well-educated Australia

Neoliberals can't endlessly cut uni funding and expect a smart, well-educated Australia

Bernard KeaneAug 30, 201725 Comments

The government's continuing war on higher education funding reflects a decades-old mentality that universities only have economic value.

Ten Network takeover looking about as successful as its ratings

Ten Network takeover looking about as successful as its ratings

Glenn DyerAug 25, 20171 Comment

The ACCC green-lit a joint bid for the Ten Network which could significantly reduce media diversity, writes Glenn Dyer. But is the whole ordeal much ado about nothing?

Is our super pool a dead weight on the economy?

Is our super pool a dead weight on the economy?

Bernard KeaneAug 24, 20173 Comments

Australia's huge pool of super savings has made out capital markets less efficient and rewarded lazy managers, Bernard Keane and Glenn Dyer write.

Four Corners hypes Australia's property 'bubble'

Four Corners hypes Australia's property 'bubble'

Bernard KeaneAug 22, 201723 Comments

Doomsday predictions about the imminent bursting of the property bubble have become a media cliché despite the evidence.

Peter Costello doubles down on GFC denialism

Peter Costello doubles down on GFC denialism

Bernard KeaneAug 22, 20176 Comments

Peter Costello doesn't know much about the global financial crisis. But he knows what he likes: punitive financial measures.

How jobs data gets twisted to tell falsehoods

How jobs data gets twisted to tell falsehoods

Alan AustinAug 21, 20179 Comments

The government is claiming unemployment is down and jobs are up. But their numbers were fudged by a little bit of economic trickery, with the ABC apparently willing to parrot these misleading figures.