Why it’s a bad time to cut penalty rates
THOUSANDS of workers will be worse off from today’s decision to cut Sunday penalty rates. And it couldn’t have happened at a worse time.
Australian Economy
Bank boss’s blistering spray at MPs
ONE of our most influential economists has ripped into Australia’s “dysfunctional” MPs, accusing them of firing insults at each other instead of doing anything useful.
Thousands face penalty rate pay cuts
THOUSANDS of workers could have their pay packets slashed by double digits today if the officials decide to cut penalty rates.
‘It’s a shambles’: ATO turmoil exposed
AFTER the jaw-dropping revelation that staff at the ATO refused to work nine extra minutes, insiders have exposed even bigger problems.
Aussie dollar ‘could hit 80 US cents’
THE Australian dollar could hit 80 US cents, according to a Deutsche Bank Chief Economist who says there is a logical explanation for it.
‘Economic armageddon’ warning
RECORD household debt, foreign debt and a massive housing bubble have created a perfect storm that could “wipe out” millions of families.
Who dat on the new $10 note?
OUR new $10 note is here but you’d be forgiven for not knowing who is on it, even if you’ve been looking at her the whole time.
Orange shortage could ruin brunch plans
FIRST, there was the great avocado famine of 2016. Now, 2017 is set to bring a whole new shortage crisis for brunch lovers with orange juicers squeezed.
ScoMo’s ‘gun to the head’ approach
TREASURER Scott Morrison has the crossbenchers in a headlock over $13 billion in savings he wants — and the PM supports his aggressive style.
Donald Trump’s worst move yet
TRUMP may have made his worst decision so far by choosing to wage a verbal war on Australia over trade. Here’s how it could spell disaster.
Why they’re coming for your cash
THE government has defended its move to crack down on the cash economy, saying it doesn’t believe in a “self-help approach”.
How our cities will look in 2027
AMBITIOUS multibillion-dollar roads, building projects, high-speed rail and metro networks — this is Australia’s hi-tech future.
RBA governor backs company tax cuts
THE Opposition’s attacks on the Turnbull Government’s push for corporate tax cuts have been dealt a blow overnight by RBA governor Philip Lowe.
Aussies suffering from mass delusion
MOST Australians agree with Donald Trump about one key economic issue. There’s just one problem: they’re all wrong. Here’s why.
‘Free ride’ over for young Aussies
YOUNG people will be stripped of their unemployment benefits as part of Newstart reforms, which will force them to wait until they turn 25.
Melbourne’s ‘obscene’ $3 billion shame
MELBOURNE is truly a global city, second only to New York, according to this global ranking. But it’s not a good thing.
How Malcolm Turnbull stayed on script
A FRESHLY minted Malcolm Turnbull went on display today. And it was a rarely used method that kept the PM on script.
Turnbull talks up future of coal
MALCOLM Turnbull believes coal will be part of Australia’s energy future and says the country needs reliable sources of electricity.
Dodgy Chinese money hits $1 billion
CHINESE investors are pumping billions in dodgy cash into Australia’s property market, skirting foreign investment rules.
‘Australia needs to wake up’
AUSTRALIA’S response to Donald Trump’s first moves as president shows we’re becoming a “victim of our own ignorance”.
How much Australia has changed
AS AUSTRALIA prepares for a day of sun, sand and sickies, the ABS has dug into its archives to reveal some surprising facts.
What Trump’s move means for Australia
DONALD Trump’s decision to kill the TPP deal with Australia is a hammer blow politically, but what effect will it actually have on Australia?
The Australian state in crisis
JOBS are falling, as are house prices and Western Australia looks to be in real trouble. The problem is only set to get worse.
First home buyers still frozen out
INVESTORS are boosting activity in the housing market meaning the Reserve Bank is unlikely to cut interest rates this year, economists say.
The big mistake Australia is making
THESE numbers influence everything from government spending and taxes to home lending and business investment. But they’re wrong.
Vigilantes get violent in parking war
FURIOUS residents have taken to tipping over trailers and slashing tyres to protest against boats taking up scarce parking spaces in this Sydney suburb.
Row erupts over childcare places
LABOR has warned of a looming shortage of childcare places. But the government has dismissed the report as “scaremongering”.
This could kill off the city as we know it
THE city is forever, right? Wrong. A trend is growing and it could have serious consequences on the value of your house. Maybe start thinking about buying land out in the country.
The changes starting January 1
FROM dental costs and online GST to petrol and power price hikes, a raft of new laws, regulations and fees come into effect from January 1, 2017.
‘Our way of life is under threat’
THONGS, barbecues and trips to the park could be a thing of the past if urgent action isn’t taken to stop this invasion of ants.
Original URL: https://www.news.com.au/finance/economy/australian-economy/page/150