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Support package for Sydney better and more fit for purpose than JobKeeper

Photo by Paul Carmona on Unsplash By Steven Hamilton, Crawford School of Public Policy, Australian National University The economic support package announced by Prime Minister Scott Morrison and NSW Premier Gladys Berejiklian is exactly what is needed, and just in the nick of time. In a number of ways, in fact, it is more fit…

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Vital Signs: amid the lockdown gloom, Australia’s jobless rate hits decade low of 4.9%

ByRichard Holden, UNSW In other circumstances Treasurer Josh Frydenberg might be dancing a jig. But the pall of the Greater Sydney lockdown, which has now spilled over to Melbourne declaring its fifth lockdown, meant there was no room for smiling yesterday about the latest jobs figures, showing Australia’s unemployment rate in June fell below 5%…

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The AFR’s 2021 Rich List shows we’re not all in this together

Carl Rhodes, University of Technology Sydney While the financial well-being of everyday Australians has been hit hard by COVID-19, it’s quite the opposite at the top end of town. “Australia’s billionaires have thrived during the pandemic year”, is how the AFR puts it. But let’s not laud this as an achievement. It’s a glaring signal…

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It’s time for Australia to drop its phased approach to the vaccine rollout

Catherine Bennett, Deakin University Australia’s vaccine rollout has attracted significant criticism for its slow pace. Around 13% of Australians have now received at least one vaccine dose, compared to, for example, 56% in the United Kingdom. We’ve heard reports of mass vaccine hubs in Melbourne sitting largely empty — though the current COVID outbreak has…

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Tesla’s Bitcoin about-face is a warning for cryptocurrencies that ignore climate change

John Hawkins, University of Canberra Over the weekend, Tesla chief executive Elon Musk suggested his company could sell off its Bitcoin holdings, sending the cryptocurrency plummeting. It followed Musk’s announcement earlier this month that his company would no longer accept Bitcoin in payment for its electric cars, due to the fossil fuels needed to create…

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Vital Signs: a bounce-back in investment holds open the possibility of very good news

Richard Holden, UNSW Private business investment is one of the key drivers of economic growth. Business investment in equipment (and even in buildings) drives productivity, which the Nobel Prize winning economist Paul Krugman famously observed isn’t everything, but in the long run it is almost everything As he put it, a country’s ability to improve…

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