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Big increases in childcare subsidies have not yet resulted in higher rates of workforce participation among women.

Childcare rebates could spike to $14b, but women not returning to work

A key objective of the most recent changes to childcare subsidies was to encourage more women into the workforce, but so far they haven’t taken the bait.

  • Updated
  • Julie Hare
The NSW government of Premier Chris Minn is negotiating with Origin Energy to keep its giant Eraring coal power station open after August 2025.

Coal power surge raises pressure to extend Eraring

A surge in coal generation in NSW during the March quarter has raised pressure on negotiations between Origin Energy and the state government to postpone closing Australia’s largest power station. 

  • Ben Potter

Illawarra embarks on green energy transformation

Wollongong is rapidly transforming into a hub for green energy and sustainable innovation.

Sponsored 

by Invest Wollongong

Budget to fast-track investment approvals

Treasurer Jim Chalmers is close to finalising a package to get capital flowing for the stuttering energy transition and other Labor priority projects.

  • John Kehoe

Bet ‘significant’ public money on renewables stakes: Combet

The incoming chair of the nation’s sprawling $212 billion Future Fund says it’s time to return to public investment in green energy.

  • Jacob Greber

Population surge and smaller households fuelling home prices: RBA

The resilience of the housing market recovery could make the RBA reluctant to deliver cuts to the cash rate later this year, according to economists.

  • Michael Read

Opinion & Analysis

The PM has made a silly billion-dollar bet on solar panels

The price of solar panels has plunged and overseas makers are going broke, making it even more puzzling why the government is making a $1 billion taxpayer bet.

John Kehoe

Economics editor

John Kehoe

‘Cartel of aggression’ trades on timidity and self-interest

The West has enormous economic leverage over China and Russia. But fear of their own consumers prevents governments from using it.

Four reasons why Joe Biden can’t force a truce on Israel, or won’t

The United States has intervened in past Middle East wars, but for the current president, this one is different.

Aaron David Miller and Adam Israelevitz

Contributor

Why women don’t stick with economics

Economic models of anything are founded on the assumption of Homo economicus. No sensible woman looks at this model and recognises herself.

Yanis Varoufakis

Contributor

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More From Today

SunDrive’s manufacturing facility in Kurnell. Chief executive Vince Allen (right) said the company would explore setting up a plant at AGL’s Hunter Energy Hub.

The PM has made a silly billion-dollar bet on solar panels

The price of solar panels has plunged and overseas makers are going broke, making it even more puzzling why the government is making a $1 billion taxpayer bet.

  • John Kehoe
An oil tanker moored at the Sheskharis complex in Novorossiysk, Russia. The country’s oil exports are supposedly capped at $US60 a barrel.

‘Cartel of aggression’ trades on timidity and self-interest

The West has enormous economic leverage over China and Russia. But fear of their own consumers prevents governments from using it.

  • Simon Johnson and Oleg Ustenko
US President Joe Biden with Israeli Prime Minister Benjamin Netanyahu last year.

Four reasons why Joe Biden can’t force a truce on Israel, or won’t

The United States has intervened in past Middle East wars, but for the current president, this one is different.

  • Aaron David Miller and Adam Israelevitz
Women see economics through a different lens to men.

Why women don’t stick with economics

Economic models of anything are founded on the assumption of Homo economicus. No sensible woman looks at this model and recognises herself.

  • Yanis Varoufakis
Few countries now have a birth rate above the replacement level of 2.1 children a couple, the level needed to keep a population stable.

Population decline will destroy the West as we know it

By 2100, the number of people worldwide will have peaked. The value of assets will drop and the incomes they generate will fall.

  • Dr Stephen Davies
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Yesterday

Christopher Kent, assistant governor of Reserve Bank of Australia

Reserve Bank ponders the market plumbing

The Reserve Bank board is repurposing the financial system as its cheap pandemic funding is flushed out. It’s doing it as financial markets are only too happy to splash the cash.

  • Jonathan Shapiro

Why Australian made always wins

Readers’ letters on the government’s solar manufacturing plan; Westpac’s ambitious technology upgrade; the shift to a cashless society; mixed messages on China’s economy; and why Hamas must be forced to release its Israeli hostages.

The net zero transition is going to change the picture of demand for capital.

Can Australia compete in the new post-inflation world?

The “new neutral” medium-term interest rate will make global competition for capital far more intense. The country needs to get ready for that.

  • Richard Holden
The US public believes prices will rise by 5.3 per cent over the next 12 months.

Australia is set to be the last country to escape inflation

The Economist measured inflation entrenchment in 10 rich countries. Australia tops the index, with Britain and Canada not far behind.

  • The Economist
The explosive growth in the $42 billion NDIS has helped propel federal government spending to near-record levels as a share of GDP

Almost one in three jobs created last year was for the NDIS

The growth in NDIS-related employment has masked the slowdown in private sector industries like construction, retail and manufacturing.

  • Michael Read

This Month

Rooftop solar adoption has taken off.

Solar fantasy gives industry policy a bad name

Australia does not have a great record at industry policy. Creating a bucket of government money for solar panels in the midst of a global subsidy war looks even less likely to work.

  • The AFR View
Rod Sims is not sure if there is a natural advantage in domestic solar panel manufacture.

Sims questions solar panels as report sounds alarm on coal jobs

The green energy advocate’s caution comes as Labor looks to fund early retirements of coal power station workers, some earning up to $170,000 a year.

  • Jacob Greber
Rooftop solar adoption has taken off.

Want Australian-made solar? Be prepared to pay $1500 more

SolarQuotes’ Ronald Brakels says there are probably enough consumers willing to pay a premium for locally made panels for a manufacturer to make a go of it.

  • Ben Potter
Daniel Kahneman, the author of Thinking, Fast and Slow.

The man who discovered people hate losing more than they like winning

Daniel Kahneman was one of the few psychologists to win the Nobel Prize for economics.

  • Andrew Leigh

March

Bowel cancer is a common form of cancer in Australia and is becoming more prevalent in younger people.

Multivitamins can help survival from bowel cancer

A study examining the dose-related influence of multivitamins on non-metastatic colorectal cancer is believed to be the first of its kind.

  • Jill Margo
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The latest US economic data could be parsed to bolster either side of the rate pivot debate.

How economists interpreted US inflation data

The Federal Reserve’s key inflation metric has left economists as divided as ever on the timing of a US rate cut.

  • Timothy Moore
Chinese leaders’ anger may be a sign that Joe Biden’s approach is working.

Bidenomics is making China angry. That’s OK

Biden’s China policy is so tough that it makes me, someone who generally favours a rules-based system, nervous.

  • Paul Krugman
Jerome Powell

No need for Fed to rush rate cuts: Powell

The Federal Reserve chairman said February’s inflation data, released on Friday, was “pretty much in line with our expectations”.

  • Catarina Saraiva
Policymakers anticipate three rate cuts this year. Financial markets expect the first rate reduction in June.

US monthly inflation slows; consumer spending surges

Core inflation increased 2.8 per cent year-on-year in February, the smallest gain since March 2021, after rising 2.9 per cent in January.

  • Lucia Mutikani
Alva Beach. The Great Barrier Reef has had five mass coral bleaching events in the past eight years.

How the McLaren F1 team is helping save the Great Barrier Reef

British Formula One race team McLaren deployed engineers to help the Great Barrier Reef Foundation speed up its coral spawning program.

  • Mark Ludlow