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The Guardian view on rethinking economics: a discipline in disarray holds too much sway in the UK | Editorial
via theguardian.comGordon Brown challenged Conservative ideas to fix the economy. His successors unfortunately will notWhen Labour’s Gordon Brown embraced “post neo-classical endogenous growth theory” in 1994, he was ridiculed by his opponents. This said more about his critics than Mr Brown. His speech reflected an engagement with academic debates as well as a worldview and diagnosis distinct from Tory narratives. He judged education to be key, as growth depended on human capital. By contrast, to -
Government strikes deal with Greens to pass emissions laws for new vehicles
via abc.net.auCar makers will be forced to reduce their emissions for new vehicles as the federal government strikes a deal with the Greens to pass its climate laws for the industry. -
Property watchers say crime, high interest rates driving down Alice Springs house prices
via abc.net.auThe Real Estate Institute of Northern Territory southern region delegate says the supply of residential housing is outstripping the demand as people leave town thanks to safety concerns. -
Australia's unemployment rate rises to 4.1 per cent in April
via abc.net.auAustralia's unemployment rate rises to 4.1 per cent in April, up from 3.9 per cent in March, after unemployment increased by 30,300 people. -
'Living wonders' group loses court appeal to consider climate impacts for coal, gas approvals
via abc.net.auThe Federal Court has ruled that Environment Minister Tanya Plibersek does not have to consider the environmental impacts of emissions when approving coal and gas projects. -
Boutique brewer launches beer made with camel dung
via abc.net.auBreweries are increasingly turning to unusual and sustainable products and production methods to stand out in a competitive market. -
Paper bags make a comeback for fruit as retailers swap out plastic net bags to reduce waste
via abc.net.auSmall and big retailers alike are looking to adopt new recyclable packaging for mandarins, saying it would avoid the use of 11,700 kilograms of plastic in one year. -
Pizza Hut fined $2.5 million for spamming customers with 10 million messages in four months
via abc.net.auPizza Hut sent almost six million messages to people who had not consented and more than four million without the option to unsubscribe. -
Car parks worth '$100,000' to be ditched for Brisbane's inner suburb high-rises
via abc.net.auLord Mayor Adrian Schrinner says lifting a car space minimum would make homes more affordable, and increase supply. -
Brisbane moves to ditch car park minimums for inner city high-rises claiming it'll lower housing costs
via abc.net.auLord Mayor Adrian Schrinner says lifting this requirement would make homes more affordable, and increase supply. -
Live: Unemployment rate rises to 4.1 per cent in April as Australian share market trades higher
via abc.net.auThe Australian share market has opened higher after data showed US inflation is cooling, while the unemployment rate has ticked up to 4.1 per cent in April. Follow live. -
Live: Australian share market to open higher; local jobs data out this morning
via abc.net.auThe Australian share market is set to open higher after data showed US inflation is cooling, while all eyes will be on local unemployment figures out this morning. Follow the day's events and insights as they happen with our business reporters on the ABC News live markets blog. -
Live: Australian share market opens higher, local jobs data out this morning
via abc.net.auThe Australian share market has opened higher after data showed US inflation is cooling, while all eyes will be on local unemployment figures out this morning. Follow live. -
A 'future made in Australia’ will be a key pitch from the government heading into the next election. So what is it all about?
via abc.net.auThe federal government is putting a finger on the scale of Australia's net zero transition, spending billions to back hydrogen and critical minerals. But some experts say some clever design means the government isn't technically "picking a winner". -
'We have been struggling': Territorians respond to NT budget amid cost of living crisis
via abc.net.auA working mother-of-two who can't afford childcare, a cafe owner who says 'people are leaving' Darwin and a medical student struggling to balance work and study are among the Territorians who say there isn't much in the NT budget that helps them. -
Sick of supermarket prices? A new concept from Finland connects shoppers directly to farmers via social media
via abc.net.auFarmers' market organisers say an increasing number of shoppers are cutting out the middleman and buying direct from producers, with many embracing a unique online marketplace gaining traction in Australia. -
Farmers' markets booming as supermarket giants face parliamentary grilling
via abc.net.auFarmers' market organisers say an increasing number of Australians are cutting out the middleman and buying direct from producers. -
'Dirty laundry's there': Federal budget includes more than $80 billion of 'spending' not on the books
via abc.net.auTreasurer Jim Chalmers's latest federal budget includes more than $80 billion of "spending" not on the books. Economists say that's where governments put their "dirty laundry". -
From face-swapping to chatbots — here's how South-East Asia's scammers are using AI tools
via abc.net.auAI tools such as face-swapping and chatbots are being used by South-East Asia's crime syndicates to make their scams more efficient and effective. However, some operations appear to be having less success with the new tech than others. -
From face-swapping to chatbots — here's how South-East Asia's scammers are using AI tools
via abc.net.auAI tools such as face-swapping and chatbots are being used by South-East Asia's crime syndicates to make their scams more efficient and effective. However, some operations appear to be having less success with the new tech than others. -
Rachel Reeves should be brave and stop blaming the economy | Letters
via theguardian.comThere are alternatives to continued austerity – look at Labour’s achievements in 1945, writes Derrick Joad, while Pete Lavender advises against Thatcherite economicsPerhaps the gaslighting is not restricted to the Conservatives (Rachel Reeves accuses Tories of ‘gaslighting’ public over economy, 7 May). Yes, the economy is in a mess, but there are alternatives to continued austerity and the continued impoverishment of increasing numbers of people. The Labour government in -
UK firms accused of profiteering as study finds margins rose 30% post-pandemic
via theguardian.comUnite union study of 17,000 firms shows sectors from energy to banking, and vets to car dealerships, profited from inflation crisisThousands of UK companies have exploited their corporate power to increase profit margins since the pandemic, redistributing wealth from employees to employers and shareholders, according to the biggest study yet of data since 2019.A trawl through the accounts of 17,000 companies by the trade union Unite found pre-tax profit margins were 30% higher on average in 2022 -
Wall Street at record high after US inflation falls to 3.4%; takeover offer for Royal Mail raised – as it happened
via theguardian.comLatest US inflation report shows prices rose at slower rate in April, while Daniel Křetínský has raised offer for Royal Mail’s parent company to £3.5bnJeremy Hunt and Mel Stride warn against benefits ‘lifestyle choice’
Chancellor Jeremy Hunt and work and pensions secretary Mel Stride have been accused of “gaslighting the British public”, after claiming the unemployed have “ample opportunities” to find a job.Hunt and Stride have w -
Australians have lost 14 years of progress on living standards. A wages breakout? Please. If only | Greg Jericho
via theguardian.comIt is impossible for wages to drive inflation when they are actually rising slower than inflationFollow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcastRemember all that talk about wage-price spirals? About wages driving inflation? All that worry about a wages breakout causing interest rates to rise? Ahh yes, good times. It seems that many commentators and economists love fairytales, and the story that wages were causing inf -
US inflation at 3.4% in April, dropping slightly from previous month
via theguardian.comPolicymakers have been surprised by stubborn price growth, which they hoped to bring down to 2%, in recent monthsInflation across the US eased slightly last month as concerns about the cost of living loomed over the battle between Joe Biden and Donald Trump for the White House.The closely watched consumer price index (CPI) rose at an annual rate of 3.4% in April, down from an annual pace of 3.5% the previous month. Continue reading... -
Victoria launches $37 million gamble on space tourism as critics lament debt balloon
via abc.net.auCritics line up as Australia's most in-debt state takes its largest venture capitalist gamble yet, betting on a US satellite imagery and space tourism company. -
Opposition hits out at 'billions for billionaires' tax incentives for critical minerals projects
via abc.net.auThe government's proposed $7-billion tax break for nickel and lithium projects has drawn the ire of Opposition Leader Peter Dutton, but the measure has broad support in Western Australia, including from one Liberal MP. -
Jeremy Hunt and Mel Stride warn against benefits ‘lifestyle choice’
via theguardian.comMinisters ramp up anti-welfare rhetoric a day after data showed increase in UK unemploymentUK politics live – latest updatesThe UK chancellor and the welfare secretary have suggested that too many people are claiming unemployment benefit as a lifestyle choice after a rise in joblessness.Jeremy Hunt and Mel Stride used a joint article in the Times to ramp up the government’s anti-welfare rhetoric in the run-up to the general election. Continue reading... -
'Smoke and mirrors': Why the predicted sharp fall in migration could be beyond the government's control
via abc.net.auThe federal government says Australia's intake of migrants will fall sharply — halving in two years — as it overhauls the migration system and moves to reduce pressures caused by population growth. -
Immigration is set to drop sharply, but experts say the government shouldn't claim much credit
via abc.net.auThe federal government says Australia's intake of migrants will fall sharply — halving in two years — as it overhauls the migration system and moves to reduce pressures caused by population growth.
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