Two pandemic rights make a repeat wrong
We cannot in 2021 contemplate going back to lockdowns, state border closures or the JobKeeper safety net.
We cannot in 2021 contemplate going back to lockdowns, state border closures or the JobKeeper safety net.
There is no way the federal government is going to win the next election. The only uncertainty is where in the spectrum between the Queensland debacle and the WA wipe-out the result will sit.
The single most important economic policymaking adviser in the world has revealed herself to be utterly clueless by calling for a “global minimum corporate tax rate”.
Two of Australia’s big banks have finally rolled out the deals they will offer small businesses under the government’s $40bn subsidised Covid19-recovery loan scheme.
Is the property market anybody’s responsibility or has the issue simply fallen between the regulatory slats?
For many company boards it’s a case of why tell the truth, the whole truth and nothing but the truth when you can do the opposite.
The numbers suggest that BOQ was itself “screwed over” by a pair of investment bank heavyweights who facilitated its latest capital raising.
AGL and Tabcorp are both proposing demergers for very different reasons but the end goals are the same.
Two major listed companies recently announced capital raisings to fund acquisitions. One did it fairly and efficiently while the process adopted by the other was a disgrace.
It was the small end of town that seemed to be the biggest winners from the lavish scheme although we will never really know.
Canberra is not in a battle with the RBA. The federal government has no plans to bring down a tax-hiking/spend-slashing budget.
JobKeeper is coming to an end and if there has been monumental gouging of the taxpayer, it’s mostly been out of sight, among smaller private businesses.
Australia’s two richest people could potentially have a combined tax bill of more than $2bn this year if iron ore prices keep rising.
A suitor like Blackstone may end up taking over Crown Resorts or just replacing James Packer as the major shareholder. A higher offer price will require at least a second bidder.
Governments throwing taxpayer money at heavy industries like refiners and car makers are delaying the inevitable.
While there was some ‘over-indulging’ by the big end of town, the $90bn or so spent on JobKeeper did the job it was designed to do.
Small businesses have shown amazing grit through the pandemic, but in two weeks’ time we find out which ones are actually going to survive it.
Why has the federal government spent hundreds of thousands of dollars – probably even into the millions – to secure a job for someone who is now a private citizen?
The West Australian state election result will dramatically and deeply impact federal politics across the board, all the way to and including the result of the next federal election.
In an insane move this week, we are replacing 24/7 power with a partial battery. When it goes flat, you’d better pray for a gale…
The appointment to the Paris-based role might be great for the former finance minister, but what exactly does it do for Australia?
It is no wonder the big banking CEOs are so enthusiastic about playing Father Christmas in April.
No matter how many wind ‘turbines’ or solar panels you scatter across Victoria, or the whole of south-eastern Australia, when the wind don’t blow and the sun don’t shine, the power don’t flow.
The past year has spectacularly elevated Australia into the consciousness of the world as the ‘place to be’, not just for the short-term but longer-term and permanently.
It’s important to remember why we got JobKeeper, just under a year ago, and what it aimed it do.
Buying Lion Dairy and Drinks was literally make or break for Bega Cheese. Now, Barry Irvin must ensure it’s the making of the company.
Sure as day follows night, share and property prices keep rising. But are we all being led up the garden path, asks Terry McCrann.
Who knew you could ring up a net debt of $155bn and people would barely blink an eye, writes Terry McCrann.
It makes sense for governments to borrow big, but they should move to lock in interest rates, writes Terry McCrann.
JobKeeper has kept workers in their jobs and boosted the broader economy. But what happens when it stops, asks Terry McCrann.
Will an increased “superannuation guarantee” cost jobs? Or would a failure to increase it cost jobs and wages, asks Terry McCrann.
NSW is moving to abolish property stamp duty in Tuesday’s budget, but the change is unlikely to impact the rest of the country, writes Terry McCrann.
Scott Morrison was quick to demand Christine Holgate stand down over four watches, but where was his same fury for ASIC boss James Shipton who billed almost $119,000 for personal tax advice to the body, writes Terry McCrann.
It’s official. Australia’s three biggest states will all soon be wallowing in more than $100bn of debt each – on top of $1 trillion in federal debt. But does it matter? Terry McCrann answers.
What can the PM expect our shiny new international trade deal to get us when China ignores the free-trade deal we already have, asks Terry McCrann.
The people who govern us – both the politicians and the central bankers – are making a universal one-way bet. Here’s why it’s disturbing and very dangerous.
In corporate life, former federal treasurer Peter Costello is notching up a remarkable record that is probably unrivalled in the developed world, says Terry McCrann.
Any suggestion the NBN should be privatised is simply madness. It must stay in public hands, and to do otherwise would be vandalism on a national scale, writes Terry McCrann.
Official figures tell us inflation is all-but non-existent, but in the real world — especially for one big group of Australians — nothing could be further from the truth, says Terry McCrann.
Sure, there may well be a coronavirus vaccine in the pipeline, but let’s not get ahead of ourselves. The benefit, at least economically, will take months to play out, writes Terry McCrann.
Global share markets are on the march but its expectations of further central bank stimulus, rather than the US election result, which is the key driver, writes Terry McCrann.
After an extraordinary week, home loan borrowers and investors have to decide if they should grab the closest thing to “free money” they are ever going to see and lock it in for four years, writes Terry McCrann.
The big profit plunges reported by the big four banks do not give an accurate guide to how they actually performed through the year — they’ve come through the pandemic pretty well, writes Terry McCrann.
If the NSW casino inquiry’ final report concludes that Crown is not a suitable holder of the Barangaroo licence, either the licence or Crown will have to go. Either way, it’s complicated and ugly for James Packer, writes Terry McCrann.
In the 1990s John Symond took on the big banks — and won. Since then he has delivered tens of billions of dollars in savings to bank customers and around a billion to himself, writes Terry McCrann.
With the most widely anticipated Reserve Bank decision in years, and a strong rise overnight on a Wall St, our market has risen strongly — but it is headed for both immediate and longer-term volatility, writes Terry McCrann.
The departure of Christine Holgate as Australia Post chief casts a long shadow over the chairman of the postal service, who must now tender his own resignation, writes Terry McCrann.
Despite the headlines you may have read this week, the whole country will still be in – yes, a milder – recession as we move into 2021. Terry McCrann explains why.
The chairman of Australia Post has zero understanding of the role and responsibilities of a board chairman, he has betrayed the corporation and its management and staff, and acted against the best interests of all Australians. So now he must go, writes Terry McCrann.
If Scott Morrison did not call for the sacking of ASIC chairman James Shipton or deputy chairman Daniel Crennan but still demanded Christine Holgate be sacked, he has revealed himself as a very small person, writes Terry McCrann.
Original URL: https://www.dailytelegraph.com.au/business/terry-mccrann/page/14