- Video: Piketty, Krugman, Stiglitz, and Durlauf on ‘Capital in the Twenty-First Century’ - “”The French economist Thomas Piketty discussed his new book, Capital in the Twenty-First Century at the Graduate Center. In this landmark work, Piketty argues that the main driver of inequality—the tendency of returns on capital to exceed the rate of economic growth—threatens to generate extreme inequalities that stir discontent and undermine democratic values. He calls for political action and policy intervention. Joseph Stiglitz, Paul Krugman, and Steven Durlauf participated in a panel moderated by Branko Milanovic.”
Here is the link to my 30 minute interview with Sharon Firebrace on Razor Sharp on Tuesday 22 April. We discuss the forthcoming austerity Budget, fake crises and also refugees.
What was Mussolini’s funniest one-liner?
Chris Weston, Chief Market Strategist at IG Markets The bulls will take a flat session in US stocks given the weakness seen in new home sales and further escalations in the Ukraine. Still, most equity traders would have been looking forward to trade in the post-market; given the cracking numbers from Facebook and Apple, our [...]
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Opening a venture capital branch seems to be the new “thing” in the corporate world. While Telstra and Westpac are the new big national players, Google is clearly ahead of the curve, with two distinct venture capital firms: the newly launched Google Capital and the five-year-old Google Ventures. But why are so many companies, across a range of sectors, now running to open their own venture capital funds?
I spoke on 2SM today with Leon Delaney about the fact that the Abbott Government may be strong at standing up to the weak, but it’s weak at standing up to the strong.
ANDREW LEIGH
SHADOW ASSISTANT TREASURER
SHADOW MINISTER FOR COMPETITION
MEMBER FOR FRASER
E&OE TRANSCRIPT
RADIO INTERVIEW
2SM WITH LEON DELANEY
By Leith van Onselen Business Day’s Michael Pascoe has written a cracking article today (worth reading in full) questioning whether the New South Wales Government will have the cojones to side with the “consumer, competition, innovation and improved productivity”, or will side with the rent-seeking taxi industry, and seek to shut-down Uber’s ride sharing operation: [...]
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It has three Michelin stars, only 10 seats and Barack Obama was the guest there yesterday of Japanese Prime Minister Shinto Abe.And the presidential verdict on Sukiyabashi Jiro? "That's some good sushi right there," he said. "It was terrific. Thank you so much."
By David Collyer, cross-posted from Prosper WA Treasurer Mike Nathan has heard the call from REIWA President David Airey to end Stamp Duty and fund this by removing exemptions from State Land Tax, according to today’s West Australian newspaper. I warmly welcomed Mr Airey’s comments yesterday because they rose above the traditional selfish tax-shifting nonsense [...]
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Tamara Voninski/ AFR
Diary of a Foreign Minister
By Bob Carr
NewSouth | $44.99
By Leith van Onselen In the week ended 24 April 2014, the RP Data-Rismark 5-city daily dwelling price index, which covers the five major capital city markets, fell by 0.09%. It was the first weekly fall in values in eight weeks (see next chart). Values fell in two major capitals but rose in three (see [...]
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WA Treasurer Mike Nathan has heard the call from REIWA President David Airey to end Stamp Duty and fund this by removing exemptions from State Land Tax
I spoke today with Marius Benson about Joe Hockey’s one big manufacturing success – a manufactured budget crisis, created by doubling the deficit. Here’s a transcript.
ANDREW LEIGH
SHADOW ASSISTANT TREASURER
SHADOW MINISTER FOR COMPETITION
MEMBER FOR FRASER
E&OE TRANSCRIPT
INTERVIEW
ABC NEWSRADIO
The latest review of Australia’s energy-saving appliance scheme has delivered a rare trifecta: a good news story for the economy, the community and the environment. According to my estimates from data in the Department of Industry review, the value of energy saved in Australia last year alone was around A$3.2 billion. Of this, some A$2.7 billion was saved by households.
Over-the-top plays have not always gone well for Australia's telcos and Internet service providers. While the sector's big players -- Telstra, Optus, TPG, iiNet and Vodafone -- have proved themselves able at selling telecommunications services, in most cases they have also found it hard to make money from content or services sold over the top of their telco packages. But this doesn't appear to daunt iiNet, which tells the Financial Review this week that it has a war chest for just this purpose.