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Articles from MacroBusiness

Abbott goes rogue, praises Labor on security

June 29, 2017 - 13:40 -- Admin

It appears a leadership spill is not far away: Tony Abbott has credited the Labor Opposition as being stronger on regional security that the Turnbull government in another speech which will further fuel the destabilisation of the federal Liberal Party. In an address to the Centre for Independent Studies, Mr Abbott has slammed the French submarines chosen

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It’s time to break the great pharmacy racket

June 29, 2017 - 13:25 -- Admin

By Leith van Onselen You would be hard pressed to find a bigger racket than Australian pharmacies. How many any other industries in Australia have had laws implemented that ban new entrants from opening within 1.5 kilometers of an existing business? How many other industries allow only registered professionals in the field to own and

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Government welfare jobs mushroom

June 29, 2017 - 13:16 -- Admin

The bed pan economy is booming: The federal government’s largest department is to buck the trend of declining public service numbers and create up to 2000 new permanent jobs, the main public service union said on Wednesday The roles will mostly be in Centrelink, Medicare and Child Support Agency call centres around Australia, run by the

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Global central bankers chomp on disco biscuit

June 29, 2017 - 12:57 -- Admin

What’s so cheered central bankers worldwide in recent days? NAB asks: “Why have central banks become hawkish all of a sudden?” The link between monetary policy and the real economy is working The link between a growing real economy and inflation is more subdued than in the past, but the factors holding this back are

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Campbell Newman calls on Turnbull to resign

June 29, 2017 - 12:50 -- Admin

From a guy who knows nothing about politics: Former Queensland Premier Campbell Newman is calling on Malcolm Turnbull to resign as prime minister for the good of the Liberal Party. Mr Newman, who is now a political commentator for Sky News and sits on the boards of various companies, said the base of the party

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Creepy Pete begs One Nation voters to return

June 29, 2017 - 12:23 -- Admin

It’s getting pathetic now: Mr Dutton, considered a future leader of the Liberal Party, said he believed Mr Pyne had realised he had “made a mistake” and been “chastised” as a consequence after delivering the address to colleagues. “Tony’s right to point out that he feels that way (about Mr Pyne) and he would express that and

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Job vacancies still following the bubble states

June 29, 2017 - 11:50 -- Admin

By Leith van Onselen The Australian Bureau of Statistics (ABS) has released job vacancies data for the May quarter, which recorded a 1.5% seasonally adjusted rise over the quarter and a 1.7% rise in trend terms: Over the year, job vacancies rose by 11.4% in seasonally adjusted terms and by 9.2% in trend terms. NSW

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Banana Man is back and he’s buying!

June 29, 2017 - 11:44 -- Admin

I thought he’d been whipped but how wrong I was. Banana Man is back and he’s buying Dalian: He doesn’t need a reason when he has himself. Big Iron is booming: How far it can get I have no idea. It is has no underpinning to guide us. Big Gas is flying too on the

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Alex Malley’s mess dogs CPA

June 29, 2017 - 11:30 -- Admin

What a mess the Naked CEO made: CPA Australia was warned two years ago that its new financial advice business would create a legal conflict of interest, leading the government’s regulator of professional standards to complain it still lacks “any clarity” over the basic governance of the nation’s biggest accounting body. CPA Australia Advice, which was

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Employer groups lash Labor’s pledge to restore penalty rates

June 29, 2017 - 11:14 -- Admin

By Leith van Onselen Employer groups and the Coalition have slammed Labor’s pledge to restore penalty rates for retail and hospitality workers, claiming it will deter small businesses from hiring additional staff, thereby costing jobs. From The Australian: Bill Shorten’s pledge to overturn penalty rate cuts for retail and hospitality workers will generate uncertainty, harm job

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