The annual minimum wage circus has begun, with the Australian Industry Group (AIG) urging the Fair Work Commission (FWC) to adopt a “moderate increase” in minimum wages of not more than 2.6%: “In recent years, high inflation resulted in very large increases to minimum wages. But in 2025 the balance of economic factors has squarely
Australia’s tea lady in Washington, Kevin Rudd, has failed again. SMH. Prime Minister Anthony Albanese has made an eleventh-hour bid to avoid the worst of US President Donald Trump’s trade strikes by enlisting the advice of one of the most influential Australians in Trump’s orbit, golf star Greg Norman. Albanese dined with Norman in Melbourne
Victorian taxpayers seem to be unable to catch a break. The state is grappling with the nation’s highest per capita debt loads. Victoria’s net debt is forecast to soar over the budget forward estimates. As a result, interest payments have soared, draining billions from the state budget. Central to Victoria’s financial demise is poor management
The ferrous jaws remain. BHP has delivered iron ore its last rites. BHP (ASX:BHP) Group (NYSE:BHP), the world’s largest publicly traded mining company, is reportedly contemplating the separation of its Australian iron ore and coal divisions. This potential move is part of a mid-term growth strategy, as per Reuters. BHP Group’s potential spinoff of these
Join us this week as Nucleus Wealth’s Chief Investment Officer, Damien Klassen look at what we know about Trump’s new tariffs, what they mean for the stock market and our thoughts on the market effect. Can’t make it to the live series? Catch up on the content via Podcasts or our recorded Videos. Damien Klassen is Chief Investment Officer
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Jennifer Hewitt writes a reasonable piece on the gas crisis, but her conclusion is rubbish. AFR. …blaming the LNG export industry for high power prices is an easy political target despite the extraordinary complexity and commercial self-interest in the gas market. At various times since, both Coalition and Labor governments have attempted to make up
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“We’re not, but we should be.”
That was French economy minister Éric Lombard’s response to a question on March 1 asking if France is now in a war economy.
Peter Dutton’s excellent East Coast gas reservation policy is being undermined by policies that few voters asked for and that the mainstream will never support. On Wednesday, Dutton announced that a Coalition government will crack down on “waste and rorts” in government spending, which Labor has argued means cuts to essential services, including health and
Grattan Institute CEO, Aruna Sathanapally, told ABC’s Q&A that Australia’s failure to build enough housing was “at the heart of our economic problems”: “We can see that the wealth of higher-income Australians or higher-wealth Australians has turbocharged, particularly due to housing prices. It’s property prices that’s led to that increase in wealth. And we haven’t
Terrific video here on how Trump’s tariffs are aimed at working while the fallout is in the implementation. The reciprocal tariffs announced today do not have the subtlety required. CBA explains the tariffs as follows: President Trump has announced reciprocal tariffs against all countries. The level of duty will be half of what the US
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The federal government’s housing accord commenced on 1 July 2024 and aims to construct 1.2 million dwellings over five years, equivalent to 20,000 homes per month. On Wednesday, the Australian Bureau of Statistics (ABS) released dwelling approvals data, which revealed that 15,400 homes were approved for construction in February, 4,600 (23%) below the target. Over