Why rate override power must go
The one proposed change to the RBA that should be entirely uncontroversial is the ending of the government’s ability to overrule an interest rate decision.
Terry McCrann
Billionaire believes in real shops
Billionaire Solomon Lew is determined to show there is still life in retail and that much if not indeed most of that future life will still be in real actual bricks and mortar stores.
Treasurer goes to war with the RBA
The Labor Government’s push for a 4 per cent minimum wage increase has effectively set it against RBA governor Michele Bullock’s desire for a wage moderation and productivity increases.
Six earth-shaking hours
The US Fed’s ‘dot points’, supposedly predicting rate cuts, stirred up the markets bigtime. But they’re well known for their inability to forecast the future.
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No rate rise Tuesday but still a chance in 2024
New RBA governor Michele Bullock won’t raise rates on Tuesday but surging wages – egged on by the off-the-leash IR minister Tony Bourke – could actually force hikes in 2024.
Seven gone just two to go
Only Queensland’s Annastacia Palaszczuk and the ACT’s Andrew Barr remain of the nine state, territory and federal leaders who ‘led’ us through the Covid years.
Yet again, a female successor is handed a poisoned chalice
Jacinta Allan is set to inherit a fiscal disaster that makes the ‘sins’ of the Cain-Kirner “guilty party” look like petty cash in comparison.
Jobs report flops big time
The government’s new Employment White Paper is a futile exercise with Tony Burke’s IR changes threatening to punch back hard against what little there is to stimulate jobs.
Outsider to media king: How Rupert Murdoch built his empire
Media mogul Rupert Murdoch flew to Melbourne in 1979 to make an odd purchase that would define his seven-decade journey to the top.
Covid inquiry pure Seinfeld
Talk about chutzpah. Anthony Albanese has called a Covid inquiry that is a pure Seinfeldian rip-off – an inquiry about nothing.
Nukes maybe, but coal yes
The simple brutal truth is that we will build the first nuclear power station in Australia immediately after we build the next big coal-fired plant.
Minns follows Chalmers playbook
Two unrenewables are the base for budgets both state and federal. And it’s not sustainable.
Chalmers misleads on Labor misery
Treasurer Jim Chalmers seems to ‘think’ Australian ‘history’ began in 1983 but for the 25 years to 1974, Australia enjoyed a jobless rate even lower than it is now.
Likely no more rate hikes but don’t hold your breath for cuts
Rate hikes are likely off the agenda for the time being. But don’t count on a cut any time soon.
Original URL: https://www.dailytelegraph.com.au/business/terry-mccrann/page/15