Greg Jericho

2 weeks ago | australiainstitute.org.au | Greg Jericho

The announced funds are an exercise in dodgy budgeting and do nothing to properly tax Australia’s mining and gas companies. Imagine if next week you predicted that you would earn 20% less than your actual salary. When you earned your actual salary, would you have just earned a windfall!? No, but that is what the LNP is saying would be the case with their new funds announced today.

2 weeks ago | theguardian.com | Greg Jericho

In the past week, the global economy has changed, and not for the better. But apparently we will have to wait until after the election for the Reserve Bank of Australia to bother doing anything. In 2020, when the pandemic took hold in Australia, the Reserve Bank board met on 3 March to cut the cash rate by 25 basis points to 0.5%. Within a week it was clear this was not enough. The world had changed and waiting until April would be negligent.

2 weeks ago | australiainstitute.org.au | Greg Jericho

Australia’s beleaguered university sector is never far from the headlines these days. Former Labor leader and current University of Canberra Vice-Chancellor Bill Shorten probably doesn’t envy his former ministerial colleagues who are currently on the campaign trail, but nonetheless, he’s in the news today. The Canberra Times reports that Shorten is announcing a new voluntary redundancy program for UC’s professional staff.

2 weeks ago | australiainstitute.org.au | Greg Jericho

Had the Fair Work Commission taken the advice of business groups, Australia lowest paid would now earn $160 less a week. Each year the Fair Work Commission (FWC) sets the new minimum wage and also how much the award wages should rise. Although these are Australia’s lowest-paid workers, each year various business groups seek to blame them for inflation and any business difficulties.

2 weeks ago | australiainstitute.org.au | Greg Jericho

Media analysis shows that the decade from 2007 was the bellwether era, but that era has now passed In 2016, ABC election analyst Antony Green ruefully remarked that it ‘seems impossible to cover an election without referring to bellwether seats’. A ‘bellwether’ seat is one that predicts the overall election result. For forty years, whichever party won the regional NSW seat of Eden-Monaro also won government as a whole.