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Some borrowers are experiencing a negative cash shortfall.

More borrowers to feel the squeeze than initially forecast: RBA

Many households have adjusted to higher interest rates, but some will run out of savings if rates stay higher for longer, the Reserve Bank has found.

  • Jonathan Shapiro
The world has experienced spectacular prosperity, resulting in new problems.

How our era of plenty could lead to human extinction

Technological advances over the past half century have immeasurably improved the lives of much of humanity. But this progress belies a possibly dark future.

  • Francis Gavin

How to build coping skills

You don’t need professional help if you can manage your own symptoms.

  • Emily Edlynn

Super funds accused of using ‘myths’ in ‘relentless lobby’ for less scrutiny

Funds are also using the current performance test as a “a convenient scapegoat” to justify subpar returns instead of explaining their poor results, Karen Chester says.

  • Hannah Wootton

New Zealand economy unexpectedly shrinks

GDP slipped 0.1 per cent in the fourth quarter, missing economist forecasts, as the country continues to grapple with higher borrowing costs.

  • Tracy Withers

Jobs boom gives workers record slice of the pie

A renewed jobs boom has pushed workers’ share of national income to its highest level in at least two decades and fuelled expectations rates could stay higher for longer.

  • Michael Read

Opinion & Analysis

Green policy car crash complicates Labor’s election outlook

A series of competing and interlinked priorities are colliding in Labor’s Senate, where all eyes are turning to the next election.

Jacob Greber

Senior correspondent

Jacob Greber

The Wang-Wong doctrine: embrace and fight at the same time

China and Australia’s foreign ministers are both adept at the art of making frenemies. It’s working for now, but for how long?

Rate reality check: Why early RBA cuts are not on the cards

The strong local jobs markets and patience from the US Federal Reserve will delay local interest rate cuts and undermine critics who claim the RBA has lifted rates too high.

John Kehoe

Economics editor

John Kehoe

With Russia distracted, China makes its move in Central Asia

China is the only major country to recognise the Taliban government in Afghanistan, a move that could give it access to large lithium and copper deposits.

Geoff Raby

Columnist

Geoff Raby
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More From Today

Minister for Climate Change and Energy Chris Bowen announced mandatory pollution caps for cars.

Green policy car crash complicates Labor’s election outlook

A series of competing and interlinked priorities are colliding in Labor’s Senate, where all eyes are turning to the next election.

  • 42 mins ago
  • Jacob Greber
Wong and Wang are kindred spirits in some respects.

The Wang-Wong doctrine: embrace and fight at the same time

China and Australia’s foreign ministers are both adept at the art of making frenemies. It’s working for now, but for how long?

  • 1 hr ago
  • Richard McGregor
RBA governor Michele Bullock’s fight against inflation remains a complicated one.

Rate reality check: Why early RBA cuts are not on the cards

The strong local jobs markets and patience from the US Federal Reserve will delay local interest rate cuts and undermine critics who claim the RBA has lifted rates too high.

  • Updated
  • John Kehoe
Arefeh 40-year-old, an Afghan woman leaves an underground school, in Kabul, Afghanistan, Saturday, July 30, 2022.

With Russia distracted, China makes its move in Central Asia

China is the only major country to recognise the Taliban government in Afghanistan, a move that could give it access to large lithium and copper deposits.

  • Geoff Raby

Yesterday

The unemployment data re-enforces why RBA governor Michele Bullock sounds so cautious about the prospect of rate cuts.

Why good news for jobs is bad news for rates

The government is celebrating robust jobs figures and a fall in unemployment. But Labor and the Reserve Bank will be quietly worried that this is only going to delay any cut in interest rates this year.

  • Jennifer Hewett
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US Federal Reserve chairman Jerome Powell Fed talks of “a bumpy road” to describe signs of stalling disinflation.

Jobless rate shows RBA right not to rule anything in or out

The near 50-year low of 3.7 per cent should silence those who want to suggest that the Reserve Bank’s 13th cash rate increase last November was some sort of monetarist mistake.

  • The AFR View
Santos CEO Kevin Gallagher.

Why gas exports make a false famine

Readers’ letters on Santos boss Kevin Gallagher’s gas export warning; a recent example of nuclear dangers; another entry for the list of politicians’ biggest mistakes this century; and pleas from our regular correspondents go answered.

Health Department secretary Blair Comley.

Health chief invokes ‘AFR test’ in proposal writing overhaul

Blair Comley has applied what he calls “the AFR test” as he pushes executives in his federal health department to write and think more clearly.

  • Tom Burton
Proposing a nuclear solution for Australia is moving straight to plan B.

Nuclear vs Renewables shouldn’t be Ford vs Holden

Reducing the complexities of national energy policy to a clean energy brawl is the last thing Australia needs in the middle of the biggest industrial rebuild in the nation’s history.

  • Matthew Warren
Treasurer Jim Chalmers is consulting on the superannuation performance test.

Time for super performance test facts and myth busting

The latest Treasury review should find what we already know: that the current test has delivered for members.

  • Karen Chester and Brad Ruting
The rising sun flag is displayed at Tokyo's Yasukuni Shrine, which is dedicated to the memory of Japan's war dead.

Japan wants to rewrite its war crimes history. A book sets it straight

A major new history explains the importance of this Tokyo trial, which provided searing evidence of civilian massacres and the killing of military prisoners.

  • Tessa Morris-Suzuki
The human brain is forced to deal with a lot.

Why forgetting things is OK – and shows your brain is working properly

It isn’t a failure of memory – it’s a consequence of processes that allow us to prioritise information.

  • Jenny Tucker
Fed chairman Jerome Powell’s words helped spark a rally on Wall Street.

Fed keeps rate-cut plan despite stickier inflation

The Fed forecast stickier inflation than previously thought, but officials indicated they still expect to cut rates by three-quarters of a percentage point this year.

  • Updated
  • Matthew Cranston
Kevin Gallagher, CEO, Santos.

Santos, AEMO issue warnings on gas

Santos’ Kevin Gallagher said slow approvals for gas projects risked Asian buyers turning to Russia while AEMO warned diesel might have to be used in gas generators as Victorian gas falls short.

  • Ben Potter
The Hinkley Point C nuclear power station, under construction at Bridgwater, Britain.

How much could you save if you went nuclear?

If you are a Victorian the price you’d pay for a unit of electricity from a nuclear reactor would be 39 per cent higher than what you’ll pay under the recently unveiled regulated default offer.

  • Tristan Edis
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Economists argue that the massive rise in income inequality since the 1960s is mostly a statistical illusion based on a series of methodological errors.

What if the 1pc aren’t getting that much richer?

A new understanding of the US economy suggests members of the 99 per cent are a lot wealthier than they look.

  • Rogé Karma
Helen Rowell says she has seen both the best and worst ways of super funds implementing regualtion.

Former top public servant and regulator join big super board

Martin Parkinson and Helen Rowell will join the Australian Retirement Trust as directors as it ramps up the independence of its board.

  • Hannah Wootton

This Month

Donald Trump has taken a swipe at Australia’s ambassador to Washington, Kevin Rudd.

Labor’s home-grown foreign policy storms ambush Wong

No other Australian foreign minister has had to deal with a former prime minister - and reforming Labor legend no less - publicly second-guessing the government of the day’s foreign policy.

  • The AFR View
Paul Keating, Penny Wong and Wang Yi.

Keating complicated Wong’s job on China. Then came Trump and Rudd

As she negotiated a visit by China’s top diplomat, Foreign Minister Penny Wong also had to pick her way through critical comments from Paul Keating and from Donald Trump on Australia’s US ambassador Kevin Rudd.

  • Jennifer Hewett
February 17, 2024

Trump querying Rudd’s intellect is a bit rich

Readers’ letters on Donald Trump’s threat to boot Kevin Rudd; New Hope’s coal ploy; and Chanticleer’s solution for the RBA.