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Featured Opinion

Albanese’s challenge is to reset the national conversation

Forget the Christmas switch-off. Even if people have been watching or listening, it’s hard to believe they have heard much of the government’s message.

Laura Tingle

Columnist

Laura Tingle

Latest legal trial shows Trump still has to be defeated politically

Democrats need to realise that the pursuit of the former president through the courts only serves to fire up his never-say-never base.

The AFR View

Editorial

The AFR View

Democratic recession could deepen in 2024

At this moment of maximum global peril, democracies have lost the thing they need most: the power of their legitimacy.

Retailers hope for clearer skies after ‘perfect storm’ in 2023

The economy managed to avoid a recession this year, but the retail sector was not as fortunate, with real retail spending declining for three consecutive quarters.

Sue Mitchell

Columnist

Sue Mitchell

Beware economists who won’t admit they were wrong

From an economic point of view, 2023 will go down in the record books as one of the best years ever.

Paul Krugman

Contributor

Paul Krugman

Labor’s best policy might be admitting Red Sea defence gap

If strategy is Labor’s reason, it raises concerns. If there is no available ship, it raises another set of questions about Australia’s alarming lack of military capabilities.

The AFR View

Editorial

The AFR View

Australia’s Hunter frigate project should be sunk

Its crystal clear that the replacement ships for the Anzac class that we cannot send to the Red Sea will not provide a worthwhile capability for the Royal Australian Navy.

Rowan Moffitt

Former Admiral

Rowan Moffitt

‘Hark the herald angels sing …’ But peace on earth, when?

Does the strife in the Holy Land question the relevance of Christmas, or render its message more urgent?

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More From Today

Why you should be sceptical of the market rally

Investors are ignoring geopolitical risks and have swallowed the “immaculate disinflation” thesis hook, line and sinker.

  • Christopher Joye

‘Like Willy Wonka’s chocolate factory’: higher education’s bad year

2023 started well enough but as we hobble to the end of the year vice chancellors are asking: “what the heck just happened”.

  • Julie Hare

Yesterday

Bankers sail into a new  year with the wind at their backs, but they should remember the lessons from 2023.

Five lessons from an unforgettable year of deals

Raids, leaks, blow-ups and a Christmas scramble: bankers may wish to forget a lot that happened in 2023, but there are some important lessons.

  • Anthony Macdonald
Ken MacKenzie: “It’s a unique role, and nothing prepares you for it.”

Inside the secret school for ASX CEOs

Chanticleer has been given a rare look inside the invite-only course for new ASX 150 CEOs, which is the brainchild of BHP chairman Ken MacKenzie.

  • Updated
  • James Thomson
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Shippers know the Suez is always a crisis waiting to happen

The channel should still be used, when it’s safe, as the savings are great. But knowing there’s a backup is enough assurance that the global economy won’t crash.

  • Tim Culpan
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How to claim your spouse’s super after they die

There’s a way to move their retirement savings to your super – this is how to get things going.

  • Meg Heffron

How to party without being an animal

These are the five things that will drive your neighbours nuts – this is what you can do to avoid them.

  • Jimmy Thomson

This Month

AI is front of mind for CEOs, but nearly half of workers feel unprepared.

AI is a two-speed conversation inside companies

CEOs are exploring all sorts of ways to use artificial intelligence. Their workers, however, feel unprepared for changes.

  • Anthony Macdonald
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The super variant of bracket creep

Readers’ letters on super contributions tax; net zero and offshore wind; NT chief minister, Gina Rinehart; Rex ownership; Labor performance; dividend payouts.

Markets are enjoying the December rally.

Making sense of the December market madness

Equities are on fire and Australian investors are enjoying a broad-based rally in stocks that may just be getting started.

  • Jonathan Shapiro
Th ebulls are ending the year firlmy in control.

Rally has more room to run as investors get three green lights

The market has built a head of steam in the last two months, and until there’s a clear risk to the Goldilocks soft landing scenario there is little reason for the bulls to turn.

  • James Thomson
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Taiwan: A Trojan horse for Beijing?

Taiwan’s elections next month will once more focus attention on the difficulty of any future move by Beijing to absorb Taiwan.

  • James Curran
Cryptocurrencies will be put to the market test when ETFs are developed for trading.

3 lessons from 2023’s massive crypto rally

Blockchain currencies didn’t just survive the collapse of FTX, they’ve been the investment of the year. Turns out, decentralised finance doesn’t need exchanges.

  • Niall Ferguson
San Francisco skyline. Highly leveraged sectors, such as commercial real estate, are suffering.

The Fed should resist market bullying

The risk is that, to avoid unsettling market volatility, the Fed validates the market loosening with sizeable rate cuts but is forced to reverse course later.

  • Mohamed El-Erian

The good, bad and ugly of business in 2023

Big deals, dud deals, scandals and success stories. In a year of high drama and big market moves, we look back at the winners and losers.

  • Updated
  • James Thomson
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Here are 11 of the best albums of 2023

This year’s best music features songs to make you think, laugh and dance, plus something special from one of our own.

  • James Thomson and Alex Gow
The Prime Minister seemingly wanted a Cabinet government, but a Cabinet still needs to be led. He has never demonstrated an interest in the finer details of policy.

Albanese is running Australia like a low-energy state premier

Labor would be foolish to blame their poll slide solely on interest rates. Their problem is their model of governance belongs in the cheap-money era.

  • Tim Wilson and Jason Falinski
Transport Minister Catherine King has yet to give a credible explanation why  Qatar Airways was blocked from expanding services to Australia.

More questions, no answers, about Turkish flights take-off

It would be in the national interest for the aviation white paper to lay out a proper pro-competition, pro-passenger framework so that regulatory decisions don’t continue to invite speculation about integrity.

  • The AFR View
Gina Rinehart’s Hancock Prospecting has had a busy year of deals.

Rinehart walks the talk with $1.7b lithium buy

Gina Rinehart’s Hancock Prospecting has been in a few lithium scraps, but has invested more in the sector than most this year. Azure Minerals is significant.

  • Anthony Macdonald
Oil prices are a key determinate of geopolitical tension, Hagai Segal says.

Red Sea oil spike is exactly what markets and central banks don’t need

Falling energy price have made the fight against inflation much easier, which in turn has boosted markets. The Red Sea attacks threaten to change that. 

  • James Thomson