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Articles from MacroBusiness

Why the superannuation guarantee shouldn’t be raised

July 25, 2017 - 09:57 -- Admin

By Leith van Onselen The Australian’s Judith Sloan has published an article today arguing against raising the superannuation guarantee – the amount that employees must compulsorily contribute to super – to 12%, which has been recommended by a report written by Per Capita and commissioned by the Australian Services Union. According to Sloan, compulsory superannuation

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Macro Morning

July 25, 2017 - 09:06 -- Admin

By Chris Becker   A very mixed session overnight on stock markets with the NASDAQ making a new high but industrials fell as the slew of earnings results disappointed investors. Both USD and bonds strengthened as a result, mainly on the back on poorer than expected European PMI prints. Not a good start to a

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Labor’s inequality play a political masterstroke

July 25, 2017 - 07:51 -- Admin

By Leith van Onselen Labor’s new found focus on tackling inequality has been a masterstroke, with the issue seemingly taking centre stage across the mainstream media. This issue arose when Labor last week claimed in speeches that Australian inequality had deteriorated to the worst in 75 years, which was based on research presented in a

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Millennials writhe amid child abuse economic model

July 25, 2017 - 06:57 -- Admin

From Q&A via The Australian: In a youth-focused episode of the ABC’s Q&A program, in which most of the panellists – and the audience – were high school students, the younger generation asked tough questions of their peers, Liberal Environment and Energy Minister Josh Frydenberg and Labor’s health spokeswoman Catherine King. “With millennial Australians being

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Bowen announces royal commission into Dumb Bubble

July 25, 2017 - 06:07 -- Admin

Via the AFR: Mr Bowen cited three “compelling” reasons for the new look at the financial service regulator, the Australian Prudential Regulation Authority (APRA) and the corporate regulator, the Australian Securities & Investments Commission (ASIC). These are Australia’s soaring household debt driven by an investor-led property boom; a raft of “ad hoc” powers given to

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Another rentier has a good cry over bank levy

July 25, 2017 - 00:12 -- Admin

By Leith van Onselen Ross Barker, chair of the Australian Foundation Investment Company (AFIC), is the latest rent-seeker to whine over the Turnbull Government’s 0.06% levy on the liabilities of the Big Four banks and Macquarie, labeling it unjustified and ‘piecemeal’ policy. From The Australian: Speaking on behalf of the Australian Foundation Investment Company, which

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Stayans welcome Creepy Pete big brother

July 25, 2017 - 00:12 -- Admin

Via The Guardian: Most Australians support the creation of a new national security ministry, including a slim majority of Labor voters according to the latest Guardian Essential poll. The poll, conducted between July 20 and 24, found 56% approved of the new national security ministry, which amalgamates the immigration department with security agencies and the Australian

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The Neoliberal Wolf as the Good Shepherd of Mass Immigration

July 25, 2017 - 00:12 -- Admin

By Dr Wildlife Ecology Democratic societies prove their credentials by the worth of their public debate. But for over a decade the bipartisan plans to accelerate our immigration intake have been pursued without so much as a murmur of consultation with the electorate. Australia now has one of the fastest rates of population growth among

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Asian households warm up on Aussie gas as locals freeze

July 25, 2017 - 00:06 -- Admin

Via AFR: The gas industry is set for another showdown with government over LNG exports after Federal Resources Minister Matt Canavan declared he was “underwhelmed” by the commitments so far from producers to address the east coast gas shortage while exporters insist that restricting exports would do more harm than good. Senator Canavan said he was writing on Monday to the national competition watchdog, the energy

Government moves towards gas export restrictions

July 25, 2017 - 00:06 -- Admin

Via AFR: The gas industry is set for another showdown with government over LNG exports after Federal Resources Minister Matt Canavan declared he was “underwhelmed” by the commitments so far from producers to address the east coast gas shortage while exporters insist that restricting exports would do more harm than good. Senator Canavan said he was writing on Monday to the national competition watchdog, the energy

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