Modest rises in housing costs, including rents, utilities and property rates, and a fall in child care out-of-pocket expenses, saw a subdued rise in the CPI this quarter, said the ABS.
After publicly confirming the massive underperformance of retail super funds, the Liberals then unwittingly set the scene for an exposure of the rorts that riddled the sector — all in the name of attacking industry super funds.
The Morrison government's new coal-loving energy policy is an incoherent mass of dramatic interventionism that denies the basics of economics and science.
The major bank lobby group now wants to fix the Future of Financial Advice framework, but it was one of the major players in trying to water it down as much possible. It owes the community an apology.
While the Coalition government has many climate denialists in its ranks, fossil fuel companies can also wield systemic power to make sure the political system works in their interests, not the community's.
The insurance industry is recycling an old defence used by the banks to ward off scrutiny — that its misconduct is the work of just a few bad apples. It will work about as well as it did for the banks.
The rise of future-focused, loss-making, aggressively-expanding tech companies is an accident of this particular juncture in history. It may be ending.
The Hayne royal commission interim report is a missile fired at the neoliberal fantasy at the heart of financial services regulation in Australia.
The interim report of the banking royal commission has been released and as expected it is harsh on the banks, AMP and regulators.