Tag: government
Biden’s economic centrism isn’t exciting, but right for these divisive times
In an age of hyperpartisan politics, the Biden presidency offers a welcome centrism that might help bridge the divides. But it is also Biden’s economic centrism that offers a chance to cut through what has become an increasingly polarised approach…
Ideology triumphs over evidence: Morrison government drops the ball on banking reform
Political pressure forced the federal government in 2017 – when Scott Morrison was treasurer – to call the royal commission into misconduct in the banking, superannuation and financial services sector. Commissioner Kenneth Hayne delivered 76 recommendations to reform the industry…
The economy can’t guarantee a job. It can guarantee a liveable income for other work
When the coronavirus pandemic hit Australia in March 2020, the Morrison government took bold and imaginative action. The most notable examples were its income support programs – JobKeeper, paying a A$750 weekly subsidy to employers to keep workers on the…
Off the rails: Conspiracy theorists commandeer Trump’s legal operation
Beginning on election night 2020 and continuing through his final days in office, Donald Trump unraveled and dragged America with him, to the point that his followers sacked the U.S. Capitol with two weeks left in his term. This Axios…
Off the rails: Trump’s premeditated election lie lit the fire
Beginning on election night 2020 and continuing through his final days in office, Donald Trump unraveled and dragged America with him, to the point that his followers sacked the U.S. Capitol with two weeks left in his term. Axios takes…
Government funds are not ‘taxpayer money’ — media and politicians should stop confusing the two
Rhetoric plays an important role in tax debate and therefore tax policy. If your side manages to gain traction in the public imagination with labels such as “death tax” or “dementia tax”, you have gone a long way to normalising…
All eyes on Federal Reserve chair Jerome Powell as interest rates creep higher
With long-term U.S. interest rates creeping higher and the stock market rally looking increasingly bubblicious, market participants will have a keen eye on remarks by Fed chair Jerome Powell today at Princeton University.Why it matters: The uncertainty created by the…
Democrats seek progressive overhaul of the U.S. financial system
Now in control of Congress, Democrats are looking to give the U.S. financial system a progressive overhaul, incoming Senate Banking Chairman Sherrod Brown said Friday. It will be a tall task.What we're hearing: "This committee in the past has been…
Indonesia’s aviation safety has improved, but a lot remains to be done
The Sriwijaya Air Flight 182 disaster serves as a warning for aviation safety regulators, not only in Indonesia but worldwide. Four minutes after taking off from Jakarta in heavy rain on January 9, the Boeing 737-500 nosedived into the ocean,…
No. 3 House Republican Liz Cheney says she will vote to impeach Trump
GOP Conference Chair Liz Cheney (R-Wyo.) became the second GOP member of Congress and the highest-ranking Republican to publicly announce her support for impeaching President Trump, joining Republican Rep. John Katko (N.Y.).Why it matters: House Democrats introduced an article of…
Increased US support for Taiwan angers China | DW News
https://www.youtube.com/watch?v=dqBYvdEybWEOn Wednesday, US Ambassador to the UN, Kelly Craft travels to Taiwan, an island which neither the United States nor the United Nations recognise as a country. In fact, up until a few days back, official US policy restricted interactions…
Lisa Montgomery, the first woman to be executed by the US government in nearly 70 years | DW News
https://www.youtube.com/watch?v=k3a1SWOEosgLisa Montgomery could be the first woman to face the death penalty in nearly 70 years. She was convicted for murdering a pregnant woman Bobbie Jo Stinnett and taking her unborn child, trying to pass the baby girl off as…
What Clive Palmer must now ask himself: would China’s ‘bastards’ buy a mine from him?
Colourful mining magnate Clive Palmer’s political ambitions appear to be in tatters. But what of his multibillion-dollar legal ambitions? On Sunday he announced his United Australia Party will not contest Western Australia’s state election in March – a logical decision…
Despite appearances, this government isn’t really Keynesian, as its budget update shows
It is tempting to think the Australian government’s decision to spend big – bigger than ever before, an unprecedented 33% of GDP this financial year according to the budget update – marks an embrace of Keynesian economics after decades in…