Articles from MacroBusiness

Sly ScoMo rejects genuine anti-corruption commission

In the lead up to the last federal election Prime Minister Scott Morrison promised a national anti-corruption commission. Instead, Morrison put forward a farcical model that experts believe will actually “hide corruption, not expose it”. According to Stephen Charles, Board member for the Centre for Public Integrity: Currently, Victoria’s IBAC is investigating in public hearings

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Why opening international borders could ruin Australia’s economic recovery

Below is an article I wrote for News.com.au: It’s been hailed as “early Christmas” gift for hospitality, but reopening international borders could have a big downside. This week, the Morrison Government announced that Australia will re-open its international border to overseas students, skilled visa holders and working holiday makers, with Home Affairs Minister Karen Andrews

Why developers ‘talk their book’ on land supply and planning

Last week, Dr Cameron Murray – author of the Book Game of Mates – gave testimony to the parliamentary inquiry into housing affordability whereby he completely demolished the Coalition’s supply-side thesis. Dr Murray was asked via a question on notice to provide evidence to the inquiry that developers manipulate the land market to ration supply

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Retail sales surge post lockdowns

The Australian Bureau of Statistics (ABS) has released retail sales data for October, which rebounded by 4.9% after lockdowns ended across NSW, Victoria and the ACT: According to Ben James, Director of Quarterly Economy Wide Statistics at the ABS, the 4.9 per cent increase was the strongest monthly rise since Victoria’s first lockdown bounce back in

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More experts slam Victoria’s child/teen vaccine mandate

Victoria’s restrictions on unvaccinated 12 to 15 year-olds are currently the toughest in Australia, barring them from venues such as cafes, retail shops and restaurants, along with social and school activities. Earlier this week, several health experts questioned why a vaccine mandate is still necessary once the double-dosed rate reaches 90% to 95%. They believe

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ALP stretches election winning lead over Coalition

Anthony Albanese’s Australian Labor Party (ALP) has stretched its two-party preferred lead over Scott Morrison’s Coalition, according to the latest Roy Morgan polling: ALP support is now at 55.5% (up 2% points since early November) cf. L-NP on 44.5% (down 2% points) on a two-party preferred basis according to the latest Roy Morgan Poll on

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Migrant influx stunts Canadian wages

Last month, the Canadian Government announced a plan to import 1.2 million migrants in just three years: Immigration Minister Marco Mendicino unveiled what he called an “ambitious” three-year immigration plan today that set targets for bringing skilled workers, family members and refugees into Canada. Canada aims to bring 401,000 new permanent residents in 2021, 411,000

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Central banks on defensive over inflation

Mizuho with the note: Central banks are often viewed as the guardians of inflation, but the Fed and ECB now face a predicament: with rapidly rising prices a political issue in the US and elsewhere, central banks that remain dovish have come under increased criticism and been forced to reframe some of their commentary. Rate

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COVID surge threatens Europe’s economic recovery

A resurgence of COVID outbreaks across Europe is threatening the region’s economic recovery: Austria announced last week that it’s going back into a national lockdown. Skyrocketing infections in Germany have also sparked questions about whether the region’s largest economy could reimpose sweeping restrictions… Starting Wednesday, German employees must present a negative Covid test, their vaccination

Victoria’s COVID cases ratchet back up

Victoria has recorded 1362 new COVID cases and seven deaths: By comparison, NSW recorded only 261 new COVID cases and zero deaths: Victoria’s daily cases have broken higher, recording the highest daily figure for around a month: Active cases have also risen: And hospital admissions have ticked higher: The divergence between Victoria and NSW remains

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