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Keywords: Economy

  • INTERNATIONAL

    Why are we being forced to buy into AI?

    • Michael McVeigh
    • 18 July 2024

    In a world racing to embrace AI, we rarely hear about AI's voracious appetite for energy. As tech giants like Google and Microsoft see their emissions soar, questions arise about the environmental cost of this digital revolution. Is AI's promise worth the toll on our climate goals?

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  • ENVIRONMENT

    Burning truths

    • Julie Perrin
    • 12 July 2024

    In her new Quarterly Essay Highway to Hell, Australian climate scientist Joëlle Gergis pleads in language beyond the careful neutrality of traditional science-speak: ‘We need you to stare into the abyss with us and not turn away.’

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  • AUSTRALIA

    Is property investment our greatest vulnerability?

    • David James
    • 10 July 2024

    With soaring Australian house prices creating a generational wealth divide, the increasing inequity of the property bubble is damaging to Australian society. Could diversifying investment options, like industry super funds, lure people away from property and cool the market?

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  • AUSTRALIA

    The problem with CEO pay rises

    • Joe Zabar
    • 25 June 2024

    For decades, unchecked corporate power and policy failures have driven up Australia's cost of living, leaving many Australians struggling. As corporate interests dominate, CEO pay increases dramatically while wages stagnate, and inflation rises. This influence of corporate Australia has eroded economic safeguards, dismantling the guardrails that once protected the common good.

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  • INTERNATIONAL

    Numbers of war and peace

    • Sergey Maidukov Sr.
    • 20 June 2024

    Unlike the initial days of the Russian invasion of Ukraine, when thousands eagerly gathered at recruitment centers, the army now faces difficulties in enlisting new soldiers as the troops continue to endure ongoing hardship. 

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  • ECONOMICS

    Waiting on the cash flow oracle

    • David James
    • 05 June 2024

    Early every month Australians with big mortgages anxiously wait to find out if the Reserve Bank will raise interest rates and put more pressure on their domestic budgets. It is a bit like waiting for pronouncements from the modern day equivalent of the Delphic oracle.

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  • AUSTRALIA

    Neither seen nor heard

    • John Falzon
    • 30 May 2024

    In a signature essay published last year in The Monthly, Treasurer Chalmers staked out an ideological terrain he described as ‘values-based capitalism.’ The Budget 2024 is quite the big reveal on what those values include and who they exclude. In it, the people who have borne the brunt of inequality and precarity are neither seen nor heard. 

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  • ECONOMICS

    War is bad economics but very good business

    • David James
    • 09 May 2024

    There is money to be made in war, especially from making weapons, and what we are witnessing at the moment in Ukraine and the Middle East is simply the latest episode in a story that goes back centuries.

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  • ECONOMICS

    The biggest untold story in the history of money

    • David James
    • 03 May 2024

    It is a truism to say that the way money is constructed defines the power structure under which we live. But allowing private actors to manipulate and game the financial system has not just given them extraordinary power, it has undermined the way money itself is understood.

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  • ECONOMICS

    Where does nuclear fit in Australia's zero-carbon future?

    • David James
    • 04 April 2024
    2 Comments

    Big changes are occurring in the financial sector that suggest the climate change agenda is starting to lose crucial support with the world’s largest fund managers. As support for ESG goals wane, the conversation is shifting to nuclear energy. But does it make any financial sense? 

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  • ECONOMICS

    Review: The Shortest History of Economics

    • David James
    • 22 March 2024

    Economics may be useless for forecasting, and its assertions can be overly simplistic. But it is a language that should be understood, and here is a good place to start. In simple and clear prose, Leigh spans the history of human economic activity, beginning in prehistoric times and ending with the modern day.

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  • ECONOMICS

    The economy is in worse shape than you think

    • David James
    • 07 March 2024
    4 Comments

    The aggregate picture of the economy may seem healthy enough after two years of heavy immigration, over 800,000, and the return of students and tourists. But the elephant in the room remains. Australia is a two-tiered society sharply divided between people who own homes and people who do not. The generational divide is worsening.

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