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    Queensland Treasurer Cameron Dick.

    Queensland heads for deficit as Labor readies election cash splash

    A pre-election spending spree will result in Queensland’s forecast surplus swinging into a deficit of about $3 billion, Treasurer Cameron Dick says.

    • James Hall
    Woodside boss Meg O’Neill.

    Data centres may close Woodside’s hydrogen circle: O’Neill

    Chief executive Meg O’Neill said data centres in Singapore – which the government has insisted must provide their own green power – could be an industry model.

    • Ben Potter

    Households tipped to save 80pc of stage three tax cuts

    The RBA board has “limited tolerance” for inflation remaining above the mid-point of its target band beyond 2026, but the latest Westpac consumer sentiment survey suggests that might not be a problem.

    • Ronald Mizen

    Macquarie says there is a 50pc chance of recession this year

    Macquarie Group economist Sophie Photios said the economy was like a “masquerade”, where immigration had masked it going backwards in per person terms.

    • John Kehoe

    Risk of summer blackouts in NSW, Victoria rises

    Power users face an increased risk of summer shortages in NSW and Victoria due to delays in transmission lines and renewable projects, and large users may need to switch off plants to avoid blackouts.

    • Ben Potter

    Singapore thriving after smooth, fair transition

    Readers letters on the election of Singaporean Prime Minister Lawrence Wong; Labor’s Future Gas Strategy; the housing affordability crisis; and Treasurer Jim Chalmers.

    Opinion & Analysis

    RBA independence is more important than ever

    Readers’ letters on political spin and the Reserve Bank; the Albanese government’s poor record; final pleas for a printed paper; predicted blackouts; and Jim Chalmers’ charm offensive.

    Contributor

    Australia needs to relearn the reform lessons taught to Greece

    The Greeks took Gary Banks’ advice on productivity-enhancing policy. But political short-termism now holds sway here.

    Jenny Bloomfield

    Former diplomat

    Jenny Bloomfield

    Lendlease tax whistleblower’s 12-year fight for vindication

    Lendlease’s tax dispute could cost it at least $112m, but whistleblower Anthony Watson has lost his job, battled depression and is about to sell his family home.

    John Kehoe

    Economics editor

    John Kehoe

    We need to prepare in good times for the next big shock. These are the good times

    We are a long way from even a balanced budget. If we are going to have a fiscal war chest for the next big shock, we need to prepare now.

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    More From Today

    RBA governor Michele Bullock.

    RBA independence is more important than ever

    Readers’ letters on political spin and the Reserve Bank; the Albanese government’s poor record; final pleas for a printed paper; predicted blackouts; and Jim Chalmers’ charm offensive.

    Lesson learned: Greece’s ability to reform has seen its economy transformed, with high growth rates and on a more sustainable path to economic success.

    Australia needs to relearn the reform lessons taught to Greece

    The Greeks took Gary Banks’ advice on productivity-enhancing policy. But political short-termism now holds sway here.

    • Jenny Bloomfield
    Anthony Watson.

    Lendlease tax whistleblower’s 12-year fight for vindication

    Lendlease’s tax dispute could cost it at least $112m, but whistleblower Anthony Watson has lost his job, battled depression and is about to sell his family home.

    • John Kehoe

    Yesterday

    We need to prepare in good times for the next big shock. These are the good times

    We are a long way from even a balanced budget. If we are going to have a fiscal war chest for the next big shock, we need to prepare now.

    • Updated
    • Jonathan Kearns
    An over-reliance on gas is no sure way of delivering 82 per cent renewable energy by 2030.

    The Coalition must give up its nuclear dreaming

    The opposition’s current nuclear proposal is an unserious political wedge being used to pry open a climate war Pandora’s box. A new round of the climate wars would be catastrophic.

    • Paul Farrow
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    This Month

    Peter Dutton has vowed to cut immigration as a way to free up housing.

    Coalition chose political interest over easing the housing crisis

    Readers’ letters on Peter Dutton’s focus on housing; how big super funds should prepare for tax changes; how the law can use AI; and a plea to keep printed copies of “The Australian Financial Review” alive in WA.

    The huge growth in disability provisions for high school students, a large chunk of which is ADHD diagnoses, is skewed towards elite private schools.

    Gentrified mental health has undermined access for the seriously ill

    The high costs and limitations of access are unquestionably privileging the privileged.

    • Updated
    • Tanveer Ahmed
    The scale of the risks are such that a reckless mis-step could result in serious blackouts and imperil the social licence needed to navigate the already challenging process of decarbonisation.

    Keeping Eraring open is about engineering not morality

    The imminent decision around when to close Australia’s biggest coal-fired power station is a watershed moment between an ideological approach to climate change and the laws of physics.

    • Matthew Warren
    Smoke rises from an Israeli strike on Gaza.

    Fear and crisis fatigue are holding back productivity

    Our uncertain world is generating collective caution. This leaves economies experiencing too little change and bearing too little risk.

    • Andy Haldane
    Anthony Albanese and Peter Dutton are both throwing out easy answers to complex problems.

    Budget kicks off a populist election season

    The housing crisis demonstrates how both major parties insist there are easy answers where none exist.

    • The AFR View
    The Reserve Bank of Australia headquarters in Sydney is under renovation.

    RBA considers selling HQ as renovation blows out to $1.1b

    The blowout, caused by large amounts of asbestos, makes the redevelopment of the RBA building one of the nation’s most expensive non-defence public works.

    • Michael Read
    Opposition Leader Peter Dutton in parliament this week.

    The Coalition swings back to the immigration playbook

    The irony is that Peter Dutton of all people should understand how complicated migration numbers really are.

    • Laura Tingle
    Opposition Leader Peter Dutton is making the election a housing fight.

    Peter Dutton’s housing policies look tinged by race

    The Liberal Party leader’s complaints that foreigners are competing with Australians for homes tap into resentment towards outsiders.

    • Aaron Patrick
    Chalmers has made a big, bold gamble on inflation, risking the living standards of millions, while Dutton’s rhetoric is bigger than the reality on immigration.

    Chalmers and Dutton put their economic credibility on the line

    Chalmers has made a big, bold gamble on inflation, while Dutton’s rhetoric is bigger than the reality on immigration.

    • John Kehoe
    Maia Schweizer,COO  Sundrive, and Vince Allen, founder and CEO

    Critics say Aussies can’t make cheap solar panels. This start-up says they’re wrong

    The brains behind SunDrive say Australia has the material, the best resources, and even national security reasons, for keeping solar panel expertise here.

    • Ben Potter
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    Peter Dutton’s migration and housing changes explained

    The opposition leader says his changes to permanent migration and housing laws will help Australians by “restoring the dream of home ownership”. Will the changes be effective?

    • Michael Read
    Beth Sanner: “If you … start influencing policy more than informing it, then it’s a slippery slope.”

    ‘We don’t know the truth’, says senior CIA officer

    Beth Sanner was Donald Trump’s daily intelligence briefer for two years. Few people know the boundaries between secrecy and democracy so well.

    • Kevin Chinnery
    Shell is one of the world’s largest oil and gas producers.

    Shell sues ATO over claim it was short-changed $99m in CGT bill

    The ATO believes the company should have declared capital gains $330 million higher than first reported for its exit from the old Woodside Petroleum.

    • Lucas Baird
    The trial paid an average of £128 to participants.

    Men paid $760 to lose weight in ‘Game of Stones’ health scheme

    A trial of a dieting program in which participants potentially lose money has been so successful that it will be rolled out nationally.

    • Laura Donnelly
    President Nelson Mandela became the first democratic elected president in the election on April 27, 1994 in South Africa.

    How South Africa has changed 30 years after apartheid

    The country, which goes to the polls on May 29, made widespread improvements in its first 15 years of majority rule. The past 15 have been another story.

    • The Economist