By Leith van Onselen The International Monetary Fund has produced dystopian analysis warning of a possible future of work dominated by machines, leading to falling wages, rising unemployment, and worsening inequality. From The ABC: The research looked at a variety of scenarios ranging from modest substitution of labour by robots and artificial intelligence to a
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Via the AFR: British billionaire Sanjeev Gupta is accelerating plans to become Australia’s first large-scale manufacturer of lithium household storage batteries to take advantage of booming demand and to stop the country squandering another competitive advantage. …”We missed it on iron ore and steel and Australia can’t afford to miss it,” he said. “We’re investigating
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Newcastle Herald, 18 May 2018:The citizenship crisis could claim more government MPs after Attorney-General Christian Porter said they had to prove their possible dual citizenships were renounced.Labor says this puts Treasurer Scott Morrison, Deputy Prime Minister Michael McCormack, and 12 other coalition MPs in danger.Mr Morrison's maternal grandfather was born in New Zealand, while Mr McCormack's was born in Greece in 1896.The citizenship test in the constitution has already forced mor
By Leith van Onselen One of the most striking trends that has developed across the Australian economy over recent decades has been the sharp lift in temporary employment, as illustrated by the following chart: Whereas there were 5.5 full-time workers for every part-time worker 40 years ago, today there are just 2.2 full-time workers for every
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According to the NSW Berejiklian Coalition Government; Smart and Skilled is a reform of the NSW Vocational Education and Training (VET) system.
By Leith van Onselen Flinders University has released research claiming that planning rules banning the construction of multi-unit flats has contributed to Adelaide’s lack of affordable housing. From Adelaide Now: Flinders University research has found that zoning regulations that prevented building of multi-level flats and townhouses by implementing minimum home sizes — in part due to
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Via Bloomie: India may levy Goods and Services Tax on cryptocurrency trading, according to people with direct knowledge of the matter, even as there’s lack of clarity about their legal status in the country. The government may levy an 18 percent GST, the people said requesting anonymity as they weren’t authorised to speak to the
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Iron ore price charts for May 23, 2018: Tianjin benchmark tumbled -1.7% to $63.40. Steel is heading south. Coking coal was smashed. There’s weeks left yet in this move. All charts are at crucial supports. She’s gunna break.
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From Phil Lowe last night: Thank you very much for the invitation to address the Australia-China Relations Institute. It is an honour for me to be here with so many China experts. What happens in China is important to Australia, and to the broader global community. This is as true in the world of economics
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Global Macro / Markets / Investing: How Politicians Intensify Financial Cycles: 300 Years of Pro-Cyclical Regulation – Pro Market Why Investor Behaviour Makes Momentum Strategies Outperform – Seeking Alpha Bitcoin Could Be a Problem for U.S. Security Clearances – Bloomberg Financial Crisis May Have Hit ’80s Generation the Hardest – WSJ The Old Allure of
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On Friday, Ireland will vote on whether to repeal its restrictive abortion law. Yes leads in the polls, but there are likely to be shy No voters. Guest post by Adrian Beaumont.
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That's where my pants went in the ALDI carpark and it was only my jacket tail that kept my tail from view. It was a risk to go out in short shorts and PJs in that both systems could fail if they went below my waistline and that's exactly what happened.Fortunately no one noticed.I can only imagine tne horror of what it does look like.
Syndromes can make for cringe-worthy, nervous laughter. To see the Australian Prime Minister, Malcolm Turnbull, struggle with reconciling China the bully of influence with China the resource hungry friend supplied the press with one such spectacle on Tuesday morning. Larded with suffocating clichés, Turnbull could speak of the greatest multicultural society on earth (forget the…
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