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Boomers are spending more of their superannuation.

Why the economy needs five things to go right in 2024

From inflation to the stage three tax cuts, there’s a raft of risks ahead in the new year.

  • Ronald Mizen

COVID-19 warning ahead of New Year’s Eve parties

Case numbers are soaring across Australia, with experts warning that low testing rates mean infection rates are much higher than official tallies suggest.

  • Hannah Wootton

Big super spends lots of your money on promotion. Here’s where it goes

New transparency laws reveal for the first time where industry super funds put money for ads and sponsorships. The Tigers and unions are big winners.

  • Hannah Wootton

Stormy summer’s toll mounts, in lives and dollars

At least nine people have died in Queensland and Victoria since a Christmas deluge started along the east coast, and rain is expected for days yet.

  • Maxim Shanahan

War, elections and tariffs threaten the global economy in 2024

More than 2 billion people in roughly 50 countries will head to the polls in 2024 amid mounting geopolitical tensions.

  • Patricia Cohen

Will you live to 100? The answer is in your blood

As a new study reveals similarities between the blood samples of centenarians, here are the lifestyle changes you can make to live longer.

  • Polly Dunbar

Opinion & Analysis

The shadow of Trump hangs over the world

Even if he doesn’t run, he is a threat to democracy in a fragile world still reeling from his last efforts to promote a nationalist agenda.

James Curran

International editor

James Curran

‘Blackout’ Bowen: the man conservatives love to hate

The energy minister has been a top performer for Labor, winning blockbuster carbon and energy battles against all odds. But he has plenty of fights ahead.

Jacob Greber

Senior correspondent

Jacob Greber

The West must avoid populist backsliding on Ukraine in 2024

The West instinctively grasped what was at stake by backing the heroic Ukrainian resistance. The danger now is the message that would be sent by any weakening of Western will to stay the course.

The AFR View

Editorial

The AFR View

Australia needs a formal national security strategy

The government has reached a point where it can no longer avoid open discussion of fundamental questions about unpreparedness for strategic trouble ahead.

Rory Medcalf

Geopolitical analyst

Rory Medcalf
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Yesterday

Donald Trump was an unknown quantity last time around. Not any more. Even if he doesn’t run next November, he is a threat to American democracy.

The shadow of Trump hangs over the world

Even if he doesn’t run, he is a threat to democracy in a fragile world still reeling from his last efforts to promote a nationalist agenda.

  • Updated
  • James Curran
Climate Change and Energy Minister Chris Bowen at COP28.

‘Blackout’ Bowen: the man conservatives love to hate

The energy minister has been a top performer for Labor, winning blockbuster carbon and energy battles against all odds. But he has plenty of fights ahead.

  • Updated
  • Jacob Greber

This Month

The West must avoid populist backsliding on Ukraine in 2024

The West instinctively grasped what was at stake by backing the heroic Ukrainian resistance. The danger now is the message that would be sent by any weakening of Western will to stay the course.

  • The AFR View

Australia needs a formal national security strategy

The government has reached a point where it can no longer avoid open discussion of fundamental questions about unpreparedness for strategic trouble ahead.

  • Updated
  • Rory Medcalf

Three lessons from my 50 years of forecasting

Confession: my crystal ball has been cracked countless times by purportedly unprecedented developments.

  • Updated
  • Stephen Roach
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Deliberately savour each bite and provide time for your interoceptive signals to function in the role they are designed to play.

How to listen to your hunger during the holidays

A neuroscientist explains how we eat with our eyes, gut and brain.

  • Alex Johnson
Zali Steggall and Allegra Spender.

10 long reads for the weekend

Welcome to the weekend. To start off your day, we’ve curated 10 great reads to enjoy.

The reason the disease was hard to control was because it could be transmitted by people before they had symptoms (or when they had no noticeable ones).

The biggest threat from COVID was in our own homes

Many public spaces were never the threat they were deemed to be, according to a trove of data from seven million contacts in the UK.

  • F.D. Flam
The cost of US government borrowing has a big impact on the federal fiscal outlook, which isn’t healthy but looks less dire than it did two months ago.

A Christmas gift from the bond market

There’s no real reason for yields to have plunged since October, argues Paul Krugman: “My guess is that we’re mainly looking at market psychology.”

  • Paul Krugman
Fed boss Jerome Powell has more reason to pivot policy in 2024.

Fed’s preferred inflation gauges cool, reinforcing rate-cut tilt

The core personal consumption expenditures price index increased 0.1pc from a month earlier; the overall PCE price index declined for the first time since 2020.

  • Augusta Saraiva

After her power bill doubled, this grocer had to make a change

Relief on electricity prices is in sight after deep falls in wholesale prices, but the pain is acute in South Australia and NSW where power bills are highest.

  • Ben Potter
Economic optimists are sceptical of the idea that monetary policy has “long and variable lags” in its impact on businesses and consumers, disputing that the pain has simply yet to materialise.

Wall Street’s economic doomsayers see US recession around corner

Forecasters at Citigroup, Deutsche Bank and Wells Fargo Securities are among those reiterating pessimistic predictions.

  • Steve Matthews and Katia Dmitrieva
Prices for apparel, household furnishings, furniture and electronics each have eased.

US inflation report to show Fed’s battle all but complete

A monthly report from the Bureau of Economic Analysis is poised to cement the case for lower interest rates in the coming quarters.

  • Matthew Boesler
Donald Trump.

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
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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.

  • Misha Zelinsky
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A screenshot of former economics professor Chris Edmond being interviewed on television.

Top academy expels sacked economics professor

The move comes after Chris Edmond was sacked by Melbourne University over professional retaliation against a former student who had an affair with him.

  • Aaron Patrick
The City of Sydney Christmas tree in Martin Place.

Cost-of-living crunch adds urgency to Christmas charity appeals

Charities are reporting a dip in the number of donations amid a heightened need for support.

  • Gus McCubbing
CSIRO’s annual price comparison of energy sources included transmission and storage costs in renewables calculations for the first time. They still came out on top.

Renewables are cheapest, even with poles, wires and batteries added in

CSIRO’s annual price comparison of energy sources include transmission and storage costs in renewables calculations for the first time. They still come out on top.

  • Ben Potter
Bank of England governor Andrew Bailey.

UK inflation slows more than forecast, fuelling rate-cut bets

Consumer prices rose 3.9 per cent from a year earlier, down from 4.6 per cent in October, according to the latest monthly data.

  • Tom Rees and Lucy White
Air-fare inflation dropped to 3.3 per cent in November from 7.9 per cent the previous month, while train and bus costs also increased by less year-on-year than in October.

Surprise fall in UK services inflation may hold key to rate cuts

Economists expect services inflation to continue subsiding, pushed lower by the drop in energy prices, the weakening jobs market and lacklustre demand.

  • Tom Rees