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    Jim Chalmers rubbished Deloitte’s “guessing”. Ten weeks later, he all but confirmed it.

    Deloitte 1, Jim Chalmers 0

    Deloitte is sceptical of the government’s Future Made in Australia policy. Did that lead Jim Chalmers to slap down its economic forecasting too?

    • Updated
    • Myriam Robin
    Pension plea: Federal Court Chief Justice Debbie Mortimer.

    Chief justice intervenes in tax plan for judges

    Federal Court Chief Justice Debbie Mortimer has also banned judges using their travel allowance for conferences.

    • Michael Pelly

    $2400 a night: Hotel prices soar as Origin fans flock to Brisbane

    A perfect storm for the blockbuster rugby league series decider has sparked a surge in hotel rates across the city.

    • James Hall

    China’s front-row seat to Darwin’s air force manoeuvres

    It wouldn’t be “appropriate” for China to participate in Exercise Pitch Black. But it can easily watch.

    • Myriam Robin

    CSL wins global avian flu vaccine contracts

    Australian pharmaceutical giant CSL is to supply up to 45 million shots of its avian flu vaccine to Europe and the US as health authorities prepare for possible human infection from the dangerous H5 strain.

    • Tom Burton

    Rod Carnegie’s seminal lunch with Paul Keating

    Paul Keating reveals, for the first time, the pivotal conversation about the Australian economy with Rod Carnegie at lunch in Melbourne almost 50 years ago.

    • Tony Boyd

    Opinion & Analysis

    Time running out to fix school funding sticking point

    Here we are, 12 years later, with at least one school generation having finished their education, and there’s still no needs-based Gonski funding for disadvantaged students.

    Doug Taylor

    Charity leader

    Doug Taylor

    Donald Trump goes for broke with Vance

    Vice presidential candidate J.D. Vance is more evidence of how confident the Trump campaign feels about its election prospects.

    Why Trump and other trends all point to higher inflation

    Societal forces from politics to geopolitics to de-globalisation to ageing and climate change are creating conditions that push towards higher inflation.

    Raghuram Rajan

    Economics professor

    Raghuram Rajan

    Trump’s survival will turbocharge the Republican convention

    The former president’s narrow escape from death is giving new life to his campaign, and Joe Biden’s address calling for unity won’t fix the extreme division in America.

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    More From Today

    Time running out to fix school funding sticking point

    Here we are, 12 years later, with at least one school generation having finished their education, and there’s still no needs-based Gonski funding for disadvantaged students.

    • Doug Taylor
    Donald Trump and J.D. Vance at the Republican Conference in Wisconsin.

    Donald Trump goes for broke with Vance

    Vice presidential candidate J.D. Vance is more evidence of how confident the Trump campaign feels about its election prospects.

    • Jennifer Hewett
    Ever since Donald Trump imposed sweeping tariffs on imports from China, we have been witnessing a broad-based return of protectionism.

    Why Trump and other trends all point to higher inflation

    Societal forces from politics to geopolitics to de-globalisation to ageing and climate change are creating conditions that push towards higher inflation.

    • Raghuram Rajan

    Yesterday

    The Republican National Convention opens this week with Donald Trump as its star.

    Trump’s survival will turbocharge the Republican convention

    The former president’s narrow escape from death is giving new life to his campaign, and Joe Biden’s address calling for unity won’t fix the extreme division in America.

    • Jennifer Hewett

    This Month

    A  bloodied Mr Trump pumped a fist of defiance as he was whisked off stage to safety

    American democracy dodged a bullet too

    The failed attempt to take out Donald Trump might put him back in the Oval Office.

    • The AFR View
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    The empty campaign rally site after the shooting.

    Shooting boosts Trump campaign

    Letters from readers on the attempted assassination of Donald Trump, company tax and intergenerational inequality.

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    More shots heard around the world

    For Donald Trump, the ‘bully pulpit’ almost became his funeral pyre. And the gulf between his strongman image and Biden’s ongoing struggles is now likely to widen.

    • James Curran
    Just counting the number of people looking for work no longer captures labour spare capacity; the number of hours they want to work matters.

    Reserve Bank’s path to a soft landing is very narrow indeed

    Further rate rises would make it harder for the RBA to achieve the trifecta of a small rise in spare labour, with employment still increasing and inflation back at target.

    • Jonathan Kearns
    New UK Defence Secretary John Healey greets Defence Minister Richard Marles in Sheffield.

    Britain still good for delivery of AUKUS subs, Marles says

    The defence minister has rushed to Britain to reassure himself that the new Labour government is up to the challenge of developing a new nuclear-powered fleet.

    • Hans van Leeuwen
    BHP’s Nickel West refinery in Kwinana WA will be mothballed in 2027.

    Nickel is a sobering reminder of commodity fortunes

    Australia has been showered with resources export wealth for nearly 20 years. BHP’s nickel operations show we still have to get the basics of cost and productivity right.

    • The AFR View
    Only Colombian businesses face a higher tax rate than Australian firms, prompting economists to warn the uncompetitive tax system is making workers poorer.

    Only one country has a higher company tax rate than Australia

    Economists say the effective average tax rate of 28.5 per cent on company income makes the country uncompetitive against global rivals and workers poorer.

    • Michael Read

    The smarter way to exploit China’s technical expertise

    China has a lot of know-how of its own. We should be working out how to absorb it rather than walling it off.

    • Richard McGregor
    Australia’s first Navy officers to graduate from the Royal Navy’s Nuclear Reactor Course.
L-R: Lieutenant Stephen, Lieutenant Commander James and Lieutenant Isabella.

    ‘Like lockdown, in a tube’: Aussies taking the plunge in nuclear subs

    After up to 18 months of training, three Australian submariners will deploy on British Astute-class boats. It’s a small step on the long road to AUKUS.

    • Hans van Leeuwen
    Jerome Powell, chairman of the US Federal Reserve, will have a chance on Tuesday AEST to give his take on the June CPI data.

    US September rate cut comes into sharper focus

    The unexpectedly good US June CPI report has triggered a surge in the probability of a September rate cut to more than 90 per cent.

    • Updated
    • Timothy Moore
    The author’s baby daughter and niece in 1997.

    Me, my niece and a generational shift in thinking about babies

    The “happy accidents” that led to so many families having three or more children are a lot less likely to happen now.

    • Emma Connors
    Advertisement
    A preterm birth can put emotional and financial strain on a family.

    Rich countries are paying women to procreate. It isn’t working

    Despite subsidising each new child by $2 million, France has the lowest birth rate in modern history. Other countries have similar problems.

    • The Economist
    David Lammy.

    Britain’s foreign secretary hates Trump and loves America

    The child of Caribbean immigrants, David Lammy befriended Barack Obama on his rise through politics – and developed a dislike for the Republican nominee.

    • Marie Le Conte
    Middle Australia has every opportunity to rise up the income ranks, according to new Productivity Commission analysis.

    Australians need a sharp reminder of how well off they are

    A new study is an objective demonstration of why Australians have no cause to mimic the populist rhetoric that has poisoned politics in the US and Europe.

    • The AFR View

    Shipping shock glimpse of world without rules

    The Houthi missile blockade in the Red Sea driving a new spike in import freight costs shows a global exporter and importer such as Australia has a critical interest in maintaining free and open global trade.

    • The AFR View

    The worrying signal small business is sending on the economy

    If the sector is the canary in the coal mine, Australia’s economic growth is not looking good, according to a new economic indicator from accounting software giant MYOB.

    • Ronald Mizen