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Energy transition will cost much more than politicians are pretending

The brutal reality is that taxpayers and consumers will be on the hook for much higher costs under a renewable or nuclear energy system.

John Kehoe

Economics editor

John Kehoe

Dutton’s populist break up big stick betrays Liberal principles

Cheap anti-business sentiment is fuel for the left and right-wing populists causing havoc in Europe and the US. No one should be rushing to bring it here.

The AFR View

Editorial

The AFR View

Slashing foreign student numbers would be economic self-harm

Before the government puts the squeeze on Australia’s $48 billion university export industry, it should consider how much GDP it is prepared to sacrifice.

Bran Black

BCA chief executive

Bran Black

Why we need to have a genuine look at nuclear energy

Nuclear energy is the kind of nation building policy we need when our lucky country’s luck is running out.

Georgina Downer

Robert Menzies Institute

Georgina Downer

What would a better Israeli prime minister do?

Israel needs to offer a postwar vision for Gaza and articulate the real stakes in this war – one battle in the struggle between the free and unfree worlds.

Bret Stephens

Contributor

Bret Stephens

Feckless liberals are to blame for Biden’s downfall

The left worldwide ignores problems on its own side, and recent history has turned on that failure.

Janan Ganesh

Contributor

Janan Ganesh

UK needs ‘moonshot’ growth agenda

After so many years of insufficient investment and sagging productivity, there is no singular, silver-bullet reform to achieve buoyant, durable, sustainable and inclusive economic growth.

Mohamed El-Erian

Global financial commentator

Mohamed El-Erian

Central banks have done their job. Now others must do theirs

Central bank independence from governments has proved its worth yet again. But it is politicians who now have to step up reforms that cannot be put off.

Agustin Carstens

Central banker

Agustin Carstens
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Yesterday

Coal miner New Hope was seeking $300 million via the sale of convertible notes on Wednesday night.

New Hope makes it two convertibles in two days

It’s good to see the miners creative with their funding structures.

  • Anthony Macdonald
AustralianSuper’s Mark Delaney had to play catch-up in the back half of FY24.

‘If it was normal, I wouldn’t be in a job’: inside AustralianSuper’s year

CIO Mark Delaney realised he was too bearish and had to make an important call over Christmas. By April, it was reversed. Nvidia was at the heart of it.

  • Updated
  • Anthony Macdonald
The active vs passive debate is far from over.

Passive funds changed markets, but Grantham’s GMO says golden rule hasn’t

Active funds managers are worried about the weight of money heading into passive funds. And they should be.

  • Anthony Macdonald
Nvidia is the “champion” of the megacaps, according to Scott Opsal.

The bear case against Nvidia and artificial intelligence

The computer chip company will struggle to sustain its growth as interest in AI wanes.

  • Parmy Olson
Consumer data right was meant to make it easier for bank customers to switch if they found cheaper products – and for competitors to offer better services with access to more data.

They built it – but nobody came. Consumer data right needs help

Privately, bank bosses remain highly agitated about being more open about the valuable data they hold, the sharing of which could make competition more intense.

  • James Eyers
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It’s no surprise that a non-market-facing government bureaucracy has failed to turbo-charge competition.

Open banking offers a salutary tale

The lesson is that governments trying to regulate their way to a greater bank competition can have anti-competitive effects.

  • The AFR View

The super trick every couple should know about

It can make a material difference to your total retirement kitty and the tax you pay – but you need to get it right.

  • Meg Heffron
Porsche 911 GT3 RS

Is this race-bred Porsche with driver harness too much for the road?

Some believe the turbocharged Porsche 911 GT3 RS is lucky to be road legal. After driving it, this is what we think.

  • Tony Davis

This Month

Bye-bye, banks: Liontown’s wild ride reveals critical minerals truths

The harsh reality of where the ASX’s two biggest sectors – banking and mining – cross over has played out before our eyes.

  • Anthony Macdonald
Figuring out where to extract value from the energy transition isn’t getting any easier for investors.

Power price inflation risk for RBA and Labor

Australia’s green energy superpower hope is cheap and clean power. The near-term reality is higher than expected electricity prices to the end of the decade.

  • The AFR View
Donald Trump looks closer to the White House than ever after Joe Biden’s stumbling performance.

A resurgent Trump will have consequences for Australia

Trump 2.0 will pile rising expectations in Washington on Australia’s military readiness and on its strategic minerals. But that’s just the start.

  • Patrick Gibbons
There is no single, simple way to get more housing built.

How to end our incoherent housing policies

There is no silver bullet to fixing housing affordability. What government can do is adjust the policy mix to make it more cost-effective.

  • Jason Nassios and James Giesecke
FILE - The Supreme Court is seen under stormy skies in Washington, June 20, 2019. In the coming days, the Supreme Court will confront a perfect storm mostly of its own making, a trio of decisions stemming directly from the Jan. 6, 2021 attack on the U.S. Capitol.  (AP Photo/J. Scott Applewhite, File)

The US Supreme Court gives a free pass to Trump and future presidents

In a step towards monarchy, the bedrock principle that presidents are not above the law has been set aside.

  • The Editorial Board
Supporters of Marine Le Pen celebrate National Rally’s result.

When the numbers just don’t add up

MAGA in the US and National Rally in France are both making voters big economic promises, but their ideas have some massive holes, writes Paul Krugman.

  • Paul Krugman

The underestimated bank boss with the strategic handball

Bendigo and Adelaide Bank’s Marnie Baker was underestimated on arrival. She leaves well regarded, albeit having failed to answer the big structural question over her bank.

  • Anthony Macdonald
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French far-right leader Marine Le Pen.

Liberals panic worldwide as Trump, Le Pen rise

Liberals are in for a long struggle as nationalist populism surges in the US and Europe.

  • Gideon Rachman
Protesters outside a New York court call for Donald Trump to be prosecuted.

Supreme Court gives new reason to fear Trump’s return

Given his post-presidential behaviour, can anyone seriously view granting Donald Trump “official” immunity from his actions with calmness?

  • Peter Spiegel
James Curran’s AUKUS series is timely.

On AUKUS, Australia must catch up, not start again – yet again

Australia’s political, diplomatic and defence chiefs need to work with AUKUS counterparts in America and Britain to find a way through the gridlock.

  • The AFR View

AUKUS ‘moonshot’ may be a tragically expensive failure

It is alarming that both Coalition and Labor politicians fail to acknowledge the risk that Australia could be left with no submarine capability by the end of the 2030s.

  • James Curran
AFR

The best way to invest an inheritance

Buy shares with the lot or “drip-feed” into the market over a period of time? This is how the numbers stack up.

  • Duncan Burns

Original URL: https://www.afr.com/opinion