The Money: Recent Episodes
ABC Radio
The Money looks at Australia and the world through an economic lens. It explores how economics influences everything else.
Are we still on the narrow path to a soft landing? What the latest figures tell us. The psychology behind drip pricing and how not to get tricked by it. Why big shifts in Ireland’s economic data are causing concern for Eurozone economists.
For future generations, what is the legacy of our current public policies and what issues might Australia have to confront in forty years time? What makes Islamic banking different?
What do the latest indicators tell us about the state of the labour market? How we embrace the online world in almost everything- except lodging our tax returns. Why aren’t economists more highly regarded?
The rise in debt collection and the late payment of invoices could be the canary in the coal mine for some industries. How are workplaces responding to working from home and what are the tensions? Why returning unwanted goods bought online isn’t really free.
As interest rates rise are home owners coping with the transition from low to higher mortgage costs? What the trade row with the EU over geo-indicators means for Australian food producers. How financial news reporting favours the rich and fuels inequality.
Ticket prices for big international acts have outstripped inflation and supply can’t keep up with demand – what does this mean for the devoted fans of live music?
Why Michele Bullock, the next Governor of the Reserve Bank is ‘more than just a seasoned econocrat’.How do the French and Australian pensions compare and why are the French so passionate about theirs.The board which advises government on the tax system is certainly made up of experts in their field but is their collective thinking too narrow and are their backgrounds too similar?
Have repeated interest rate rises succeeded in slowing inflation and the economy? Debanking and the push back against financial abusers. Adding teeth to inadequate money laundering laws.
As the number of students attending university has grown so has their debt and while the HECS / HELP system has worked well in the past - does it now need reform?
Changes to government transfer payments, programs and policies kick in on July 1st. Just how bad is inflation for the investment economy and can you hedge against it? The downside of living in an 'asset managed society'.
Who might be the next head of Australia’s central bank? How does a proposed global minimum tax work and will it bring in more revenue. Does paying big money to a sport star improve a team’s performance and the club’s bottom line?
How does Canberra distribute revenue from the Goods and Services Tax and is it fair? The U.S dollar has long been the dominant currency for world trade but can China change that? The system behind how Australians pay for everything is about to be modernised.
Can Ajay Banga, the new head of the World Bank, end poverty? Why the aged care sector continues to struggle. Cyber attacks — a risk that can be managed ?
Two economists unpack and debate the idea that higher unemployment is needed to contain inflation. Short term thinking might be expedient in business and politics but could taking a really long view be better?
Cost of living increases are forcing many to change their spending. But not everything is down and not all groups are under pressure. Wade Tubman crunches the numbers. Why mega projects so often fail to deliver on time and on budget. Dan Gardner investigates what's going wrong and how to get it right.
George Megalogenis and Frank Bongiorno provide their analysis on this budget and where they sit in history.
The US government debit limit and increasing inequality in Australia and how to improve overall productivity.
What is the latest prediction of where the global economy is heading? The clues are in Mona Lisa's smile. And how to protect future generations? Wales is leading the way.
The RBA review is in with 51 recommendations. Full employment is discussed but what does this look like in Australia?
Credit card debt is on the rise so too is the interest paid federally to service our debt. What can be done to reduce both? And the cat and mouse game of insurance.
Insights into the RBA's recent decision; why are we so blase to another banking crisis and a manufacturing revival.
A Vice-Chancellor shares his ideas on how to ease the pain when attaining a degree and how does a family of four compare to CPI weightings on household expenditure.
Banking contagion and the question of job creation either through submarines and then, AI.
How young Australians can reclaim their uncertain future and what are central bankers talking about amongst themselves?
How to better equip countries and regions with insurance for climate disasters and reviewing the migration system.
How the consulting industry has taken centre state in the private and public sphere and how has the Russian invasion of Ukraine twelve months on affected the economy.
What are the reasons behind the interest rate increases and why has the narrative recently shifted in how we're talking about it?
How to better reform Medicare; why we should reform the fuel tax credit scheme and the great inflation debate.
What are sustainable financial taxonomies and why do we need them and why we need to regulate buy now pay later services.
Major shifts in global trading blocs and how is the loneliness epidemic affecting China's economy?
Devastating floods, droughts and storms have been a feature of 2022. How can economics help, or not, with the effects of climate change?
There are increases in energy prices and in the number of people sleeping rough. Both of these topics will be discussed as well as what lies ahead next year.
Inflation, jobs and taxation. What is the latest data telling us and what are the challenges for a tax state like Australia in the near future?
The Money looks at what else can be done about wages; where countries are turning for financial assistance and the correlation between climate change and autocratic rule.
What makes this federal budget different from previous ones and how do you accommodate domestic and international economic pressures. And, a pivotal moment for world economic policy.
What makes this federal budget different from previous ones and how do you accommodate domestic and international economic pressures. And, a pivotal moment for world economic policy.
The wider implications for the global economy coming out of the Chinese Communist Party Congress.
The wider implications for the global economy coming out of the Chinese Communist Party Congress.
The taxing question of how much tax we should be paying and what type of tax. And book publishing, how is the industry adapting to increased paper prices and supply and issues.
The taxing question of how much tax we should be paying and what type of tax. And book publishing, how is the industry adapting to increased paper prices and supply and issues.
Why aren't the banks passing on higher savings rates; copper demand and supply rates are problematic for a greener economy and sovereign capabilities.
Why aren't the banks passing on higher savings rates; copper demand and supply rates are problematic for a greener economy and sovereign capabilities.
Measuring the health of an economy and of a nation, what are the variables that should be included, beyond GDP?
What economic value does the British monarch bring to the UK economy and the complexities of streaming services
What is the RBA Governor Philip Lowe actually saying? What's happening within the Chinese economy and the bank of mum and dad.
Changing jobs can help improve wages but there needs to be better support in place to help people make the leap. Better support with increased wages and better working conditions will also be discussed for those, mainly women, working in the care economy. And why are we still so financially and mentally stressed with the re-opening of the economy and record high employment levels?
Andrew Leigh on a more dynamic economy; Europe's drought economies; inflationary psychology
The Albanese Government has released a discussion paper outlining changes to the safeguard mechanism ensuring high industrial polluters decarbonise to levels set. Hugh Grossman from RepuTex Energy explains what this means. Meanwhile the University of Queensland in conjunction with the WWF-Australia have put a dollar figure on how much funding is needed to repair the damage to habitat caused by the Black Summer Fires. Dr Michelle Ward breaks down the numbers. And green capitalism. Adrienne Buller discusses why acting on climate change through the prism of capital markets does not work in her book, The Value of a Whale.
With the increasing popularity of digital currencies, the RBA is exploring its own central bank digital currency. The Deputy Governor of the RBA Michele Bullock, explains how it might work. To assist in preparing for increases in inflation, the ABS will release monthly CPI indicators. Australia's Statistician Dr David Gruen talks through the advantages. And how to improve trade between countries. Economist at the ANU Andrew Stoeckel discusses what steps we should take.
New Zealand is not only two hours ahead of the east cost of Australia, it's also seven months ahead of us when it comes to increasing interest rates. Can we learn anything from their experience? ANZ economist Madeline Dunk talks about the Demand across the ditch report. Meanwhile economist and former RBA board member Warwick McKibben discusses the RBA's pursuit of its inflation target and whether there's a better way? And the Russian economy. Some commentators say sanctions and the exit of global businesses has not had the desired effect. Yale University's Steven Tian uses comprehensive data to argue it's having a devasting effect.
Treasurer Jim Chalmers delivered his 'confronting' statement on the economy and budget outlook at Parliament today. Economist Danielle Wood from the Grattan Institute provides her analysis. On top of these economy woes is a potential outbreak of foot and mouth disease. A worse case scenario estimates a cost of eighty billion dollars over ten years. That doesn't include the costs to tourism or mental health but it does put into perspective why we spend so much on biosecurity measures. The University of New England's Susie Hester explains. And the enablers. An estimated two trillion US dollars of illicit funds, stolen by corrupt officials and transnational organised crime, flows into the West's capital markets every year. So how does it get there? Frank Vogl exposes who the enablers are and what can be done to stop them.
Health staff across Australia have been telling us for years, there's a crisis within our health system, particularly with our public hospitals. It does have a lot to do with our funding model but there are also problems outside the hospital system that need attention. Jennifer Doggett from the Centre for Health Policy Development explains. And the debate about working from home continues with disparities between what employers and employees want. Some interesting studies in the US have highlighted how it is affecting the labour force but also, inflation. Ragan Petrie, an applied microeconomist who holds positions in Australia and US, discusses these findings.
Federal Treasurer Jim Chalmers plans to introduce a Wellbeing Budget, based on New Zealand's experience. Suzi Morrissey, from the Wellbeing Economy Alliance Aotearoa, explains what this entails. Caleb Goods from the University of Western Australia discusses what the agreement between food delivery company Uber and the Transport Workers Union means to gig workers and how a new Federal Government might drive some of these changes? And multinationals. They are a large part of the Australian economy and landscape and according to Professor Simon Ville from the University of Wollongong, a historical perspective is important for shaping today's policies. His analysis is included in the book Lessons from History.
Interest rates are on the rise not just here in Australia but in other parts of the globe as central banks and governments grapple with rising inflation. But what can central banks actually achieve? Former deputy governor of the Bank of England and now chair of NatWest Group, Sir Howard Davies discusses. And just as interest rates keep rising so do water levels. The Nepean-Hawkesbury valley is once again flooded. Dr Brian Cook from the University of Melbourne explains how among other factors, massive changes to land use and economic forces have disrupted the peak flows of our river systems. So what to do?
In 1992, the Keating Government passed the Superannuation Guarantee Act insuring at the time retirement savings to seventy two percent of workers. Thirty years on, as the super guarantee is about to increase, is it still the best way to ensure sufficient retirement income for all? Brendan Coates from the Grattan Institute discusses the pros and the cons. And how to twin efficiency and equity. Professor of Law Rosalind Dixon and Professor of Economics Richard Holden have proposed in their book reforms on how to make economies fairer through liberalism democracy. And you'll be surprised to know that Australia has many of the frameworks required.
Energy capacity mechanisms, what are they and what are the concerns about them and why is the Australia's Institute Polly Hemming slightly optimistic about Australia's future climate and energy policies? Jobs, jobs, jobs and 270,00 missing ones. Economist Isaac Gross with the ALP's Andrew Leigh have analysed the RBA's use of interest rates over the last twenty years. This monetary tool hasn't always worked as it should. And we all know big brother is watching what we're doing online. But how does this affect the insurance products, policies and costs that are being offered to us? Zofia Bednarz from the University of Sydney's Law School discusses why it needs to be considered and better regulated.
Interest rates are rising and not just in Australia. So how do people feel about the economy and their own financial situation? Bill Evans, Chief Economist at Westpac, talks about consumer sentiment. The tragedy of gun violence in the US is impossible to measure, but what about the economic cost? Ted Miller from the Pacific Institute for Research and Evaluation has been crunching the data with a price tag of $557 billion based on 2019 figures. And what factors are contributing to the skyrocketing prices of our daily greens? Supply chain expert, Flavio Macau from the Edith Cowan University's School of Business and Law helps us digest why certain vegetables have become top shelf expensive.
The Grattan Institute's director of energy, Tony Wood, provides his analysis of this week's energy minister's meeting and why an integrated energy and climate change policy is critical.
Twelve of Australia's prominent economists penned an open letter to the new Treasurer Jim Chalmers about what they want to see in the promised review of the Reserve Bank of Australia. Renee Fry-McKibbin, Professor of Economics at the ANU's Crawford School of Public policy and interim director explains why this review is so important to get right.
We have a new government so where does it stand on the big issues like climate and industrial relations? Anna Skarbek, CEO of Climateworks Centre discusses the targets and policies but also how much more needs to be done and Andrew Stewart, Professor of Law at the University of Adelaide talks through the challenges the government has with rejuvenating enterprise bargaining mechanisms for pay rises as well as other policy commitments. And have we reached the limits of global trade liberalisation? The Financial Times, global business columnist, Rana Foroohar explores what might come next and whether we need to fix the WTO.
It has been a very long election campaign so is it possible there are areas that haven't been discussed by the major political parties? Richard Holden, Professor of Economics at the University of New South Wales Business School and Danielle Wood, economist and CEO of the Grattan Institute reflect on the policies and economics that have been forgotten.
How do you know when we're in a global recession? Well, there's no precise rule but the economies of China, US and Europe are all facing challenges and uncertainties making forecasting difficult. And as Harvard Professor of Economics Kenneth Rogoff, says, we'll know when we are in one. And this doesn't bode well for Australia where long term forecasts are showing budget deficits. With election spending promises, neither side of politics is mentioning major reform that most economists know is a major requirement. The ABC's financial journalist and editor in chief of the Eureka Report Alan Kohler discusses. And manufacturing. We've all seen the images of Scott Morrison and Anthony Albanese in high viz, but what are they planning and is it enough? Jesse Adams Stein, senior lecturer and ARC DECRA fellow at the UTS School of Design talks through the possibilities.
In the wake of this weeks RBA increase in interest rates, how difficult is it to forecast in uncertain times? Former economist at the RBA and lecturer at Monash University, Isaac Gross discusses indicators and predictions. How can it be that the number of people receiving unemployment benefits is higher than the number of unemployed? Why are some people receiving benefits exempt from looking for work? Professor Peter Whiteford from the Crawford School of Public Policy at the ANU talks through these conundrums. And what's the correlation between military spend and economic growth? It's complicated as Simon Rabinovitch, The Economist's US economics editor explains.
Inflation, interest rates and the RBA. Warren Hogan economic advisor to Judo Bank provides his prediction of when rates will go up and by how much as well as what are the key questions for a forthcoming review of the RBA. As the Solomon Islands and China deal continues to dominate the election campaign what are the differences in each party's approach to foreign aid and is it economically viable? Stephen Howes, professor of economics at the Crawford School of Public Policy at the ANU discusses. Over ninety billion dollars in revenue could be collected from offshore gas projects if changes to the petroleum resource rent tax (PRRT) are made according to a recent Greens policy. So what is the PRRT, why hasn't it worked and why hasn't the Coalition or the ALP in the past done anything about it? Diane Kraal, senior lecturer at the Monash University's Business School explains.
The funding of the National Disability Insurance Scheme has always been a contentious issue between the ALP and the Coalition. Economist Dr Angela Jackson from Impact Economics and Policy outlines why the costs are so high and how to make it more sustainable. What can economic modelling tell us about who will win the Federal Election? Economist Hamish Greenop-Roberts from the University of Queensland, has studied past elections to determine which economic figures are the best indicators for a win. And what does it mean for a country to default? Eliza Wu, Sydney University's associate professor of finance discusses the consequences of defaulting and what will happen with Russia, and PhD candidate Nimna Prematilaka from the University of Melbourne shares her insights on the economic crisis facing Sri Lanka.
The funding of the National Disability Insurance Scheme has always been a contentious issue between the ALP and the Coalition. Economist Dr Angela Jackson from Impact Economics and Policy outlines why the costs are so high and how to make it more sustainable. What can economic modelling tell us about who will win the Federal Election? Economist Hamish Greenop-Roberts from the University of Queensland, has studied past elections to determine which economic figures are the best indicators for a win. And what does it mean for a country to default? Eliza Wu, Sydney University's associate professor of finance discusses the consequences of defaulting and what will happen with Russia, and PhD candidate Nimna Prematilaka from the University of Melbourne shares her insights on the economic crisis facing Sri Lanka.
There's been a lot of noise around the unemployment figure of 4 percent, but that's not the only figure we should be concerned about with youth unemployment currently at 9.3 percent. How this figure can be improved is explained by Eliza Littleton, research economist at The Australian Institute and co-author of the report Youth unemployment and the pandemic . In the 2019 federal election, political parties collectively spent $433 million. We won't know the figure for this election until next February and even then, we won't know where some of this money came from. Kate Griffiths,deputy director of the Grattan Institute's budgets and government program discusses why greater transparency is needed. And as the destruction of Ukraine continues from Russian forces, estimates of the cost of reconstruction has already began. Christian Odendahl, European economics editor at The Economist explains where the money will come from and the reforms required to rebuild Ukraine.
There's been a lot of noise around the unemployment figure of 4 percent, but that's not the only figure we should be concerned about with youth unemployment currently at 9.3 percent. How this figure can be improved is explained by Eliza Littleton, research economist at The Australian Institute and co-author of the report Youth unemployment and the pandemic . In the 2019 federal election, political parties collectively spent $433 million. We won't know the figure for this election until next February and even then, we won't know where some of this money came from. Kate Griffiths,deputy director of the Grattan Institute's budgets and government program discusses why greater transparency is needed. And as the destruction of Ukraine continues from Russian forces, estimates of the cost of reconstruction has already began. Christian Odendahl, European economics editor at The Economist explains where the money will come from and the reforms required to rebuild Ukraine.
As we all await for the Prime Minister to announce the date for the 2022 Federal Election, the Australian Electoral Commission began preparing for it the day after the last election in 2019. What is involved and what is the cost of running an election across the nation? The AEC's spokesperson, Evan Ekin-Smyth explains. And the French head to the polls this weekend in the first round of Presidential elections. In the last few weeks, polling shows a close contest with purchasing power as a number one issue, but there are other factors at play with a result that not only affects France but the EU as well. Lionel Page, Professor of Economics at the University of Queensland, discusses. And venture capital: Sebastian Mallaby, the Paul A Volcker senior fellow for international economics at the Council on Foreign Relations, charts the history and the impact of this once risky venture.
As we all await for the Prime Minister to announce the date for the 2022 Federal Election, the Australian Electoral Commission began preparing for it the day after the last election in 2019. What is involved and what is the cost of running an election across the nation? The AEC's spokesperson, Evan Ekin-Smyth explains. And the French head to the polls this weekend in the first round of Presidential elections. In the last few weeks, polling shows a close contest with purchasing power as a number one issue, but there are other factors at play with a result that not only affects France but the EU as well. Lionel Page, Professor of Economics at the University of Queensland, discusses. And venture capital: Sebastian Mallaby, the Paul A Volcker senior fellow for international economics at the Council on Foreign Relations, charts the history and the impact of this once risky venture.
The Money continues with the Federal Budget analyses but with a difference. Four younger economists, including three recipients of the Economic Society of Australia's Young Economist award, discuss how the budget stacks up when applying their specialist lens.
If you could nominate what you wanted from next week's federal budget, what would it be? Join us on The Money as four people representing different parts of Australian life - the community, small business, employers and those under housing stress - answer this question. Cassandra Goldie, CEO of Australian Council of Social Services; Alexi Boyd, CEO of the Council of Small Business Organisations Australia; Innes Willox, Chief Executive at Australian Industry Group and Kate Colvin spokesperson for the Everybody's Home Campaign.
Inflation is on the rise, driven by supply shocks. Does the Reserve Bank of Australia need to do something about it? Sean Langcake, head of macroeconomic forecasting at BIS Oxford Economics explains.
Insurance premiums are increasing with the frequency of climate induced natural disasters. The government is planning a reinsurance pool of $10 billion in the hope of making premiums cheaper. But this may not work as Antonia Settle from the Melbourne Institute of Applied Economics and Social Research explains.
This week as severe flooding causes havoc in south east Queensland and parts of NSW, two important, relevant reports were released. One by the Insurance Council of Australia outlining what the Federal and State Governments need to invest to protect against the cost of increasing climate disasters and one by the Intergovernmental Panel on Climate Change with a very grim outlook for Australia if emissions aren't cut dramatically. Nicki Hutley, independent economist and Economist with the Climate Council untangles the numbers and considers what we're facing with these current floods.
Does extending parental leave entitlements present a greater cost to the Australian economy or a benefit? The answer from economists and gender equality groups seem to agree, it is beneficial for all. Both socially and economically. These benefits extend to unpaid work at home. This does make sense when you listen to economist Jessica Mizrahi, Director at Accenture Australia and Vice President of the Economic Society of NSW and Mary Wooldridge, Director of the Workplace Gender Equality Agency. We also hear from Hugh Sinclair, a senior finance manager with property group Stockland, who took his full parental leave entitlement when his second child was born. He compares the experience and the benefits from when he took two weeks leave and twenty weeks leave.
Does extending parental leave entitlements present a greater cost to the Australian economy or a benefit? The answer from economists and gender equality groups seem to agree, it is beneficial for all. Both socially and economically. These benefits extend to unpaid work at home. This does make sense when you listen to economist Jessica Mizrahi, Director at Accenture Australia and Vice President of the Economic Society of NSW and Mary Wooldridge, Director of the Workplace Gender Equality Agency. We also hear from Hugh Sinclair, a senior finance manager with property group Stockland, who took his full parental leave entitlement when his second child was born. He compares the experience and the benefits from when he took two weeks leave and twenty weeks leave.
It has been a bumpy few years with the pandemic and businesses have had to make huge adjustments. So how are they feeling about the future? Jeremy Thorpe, chief economist of PwC Australia shares the results of their annual survey of CEOs and explains why cybersecurity is the number one risk, as well as why businesses are focussing on the US and New Zealand.
It has been a bumpy few years with the pandemic and businesses have had to make huge adjustments. So how are they feeling about the future? Jeremy Thorpe, chief economist of PwC Australia shares the results of their annual survey of CEOs and explains why cybersecurity is the number one risk, as well as why businesses are focussing on the US and New Zealand.
Economist Jim Stanford argues supply and demand will not increase wages. What is needed is the political will and policies to lift wages, structures and institutions and an expanding public sector.
Economist Jim Stanford argues supply and demand will not increase wages. What is needed is the political will and policies to lift wages, structures and institutions and an expanding public sector.
Meet an award winning, Aboriginal-owned construction and maintenance services business that’s part of the booming $4.8 billion Indigenous business sector. How the Nobel economics prize winners better estimated the effects of immigration and the minimum wage. Plus, the retail sector takes trust extremely seriously and is thinking about it in increasingly sophisticated ways.
Guests:
Gerard Matera, Director, building services company Marawar
Professor Michelle Evans, University of Melbourne Indigenous Business Research Group
Professor Richard Holden, Future Fellow, UNSW Business School
Professor Michael Roseman, Director, Centre for Future Enterprise, QUT
Meet an award winning, Aboriginal-owned construction and maintenance services business that’s part of the booming $4.8 billion Indigenous business sector. How the Nobel economics prize winners better estimated the effects of immigration and the minimum wage. Plus, the retail sector takes trust extremely seriously and is thinking about it in increasingly sophisticated ways.
Guests:
Gerard Matera, Director, building services company Marawar
Professor Michelle Evans, University of Melbourne Indigenous Business Research Group
Professor Richard Holden, Future Fellow, UNSW Business School
Professor Michael Roseman, Director, Centre for Future Enterprise, QUT
With tax income from lucrative trade routes and finance from countries such as China or Pakistan, how insulated are the Taliban from the western threat of sanctions and the freeze of international funds? Plus, opportunities for Australia's critical materials sector.
Guests:
David Mansfield, independent consultant, author of A State Built on Sand: How opium undermined Afghanistan @mansfieldintinc
Jeffrey Wilson, Research Director, Perth USAsia Centre
With tax income from lucrative trade routes and finance from countries such as China or Pakistan, how insulated are the Taliban from the western threat of sanctions and the freeze of international funds? Plus, opportunities for Australia's critical materials sector.
Guests:
David Mansfield, independent consultant, author of A State Built on Sand: How opium undermined Afghanistan @mansfieldintinc
Jeffrey Wilson, Research Director, Perth USAsia Centre
Cuckoo smurfing — what it is, how to spot it, how to make sure it doesn't happen to you. An Australian philanthropic foundation marks 135 years of helping people in need. What has changed in that time? Plus, Australian researchers find that business leaders are more optimistic about their company's profit outlook when the sun is shining
Guests:
Marcus Erikson, Director of Intelligence, AUSTRAC
Stacey Thomas CEO, The Wyatt Trust
Amanuel Elias, Alfred Deakin Institute, Deakin University
Cuckoo smurfing — what it is, how to spot it, how to make sure it doesn't happen to you. An Australian philanthropic foundation marks 135 years of helping people in need. What has changed in that time? Plus, Australian researchers find that business leaders are more optimistic about their company's profit outlook when the sun is shining
Guests:
Marcus Erikson, Director of Intelligence, AUSTRAC
Stacey Thomas CEO, The Wyatt Trust
Amanuel Elias, Alfred Deakin Institute, Deakin University
A blast from the past offers a possible answer to growing wealth inequality. Three economists put the case for the resurrection of inheritance taxes. Plus, how social change happens.
Guests
Saul Eslake, Independent economist
Ian Raspin, Managing Director, BNR Partners
Danielle Wood, Chief Executive, Grattan Institute
Damon Centola, author of Change: How to make big things happen
A blast from the past offers a possible answer to growing wealth inequality. Three economists put the case for the resurrection of inheritance taxes. Plus, how social change happens.
Guests
Saul Eslake, Independent economist
Ian Raspin, Managing Director, BNR Partners
Danielle Wood, Chief Executive, Grattan Institute
Damon Centola, author of Change: How to make big things happen
The pandemic and subsequent economic crisis have shown how government is crucial for getting things done – like rolling out a vaccine or throwing the economy a lifeline. But what if the state aspired to do a lot more? Economist Mariana Mazzucato thinks that states need to rediscover grand ambition and in-house expertise to solve climate change and inequality. Plus, a look at the ups and downs of China's economy in 2021.
Guests: Professor Mariana Mazzucato, Director, Institute for Innovation and Public Purpose, University College London. Author of Mission Economy: A Moonshot Guide to Changing Capitalism (First broadcast 18/03/2021)
Professor Jane Golley, Director, Australian Centre on China in the World, ANU
The pandemic and subsequent economic crisis have shown how government is crucial for getting things done – like rolling out a vaccine or throwing the economy a lifeline. But what if the state aspired to do a lot more? Economist Mariana Mazzucato thinks that states need to rediscover grand ambition and in-house expertise to solve climate change and inequality. Plus, a look at the ups and downs of China's economy in 2021.
Guests: Professor Mariana Mazzucato, Director, Institute for Innovation and Public Purpose, University College London. Author of Mission Economy: A Moonshot Guide to Changing Capitalism (First broadcast 18/03/2021)
Professor Jane Golley, Director, Australian Centre on China in the World, ANU
Leading research on how adapting exam questions to make them culturally relevant to regional and Aboriginal students could close the Indigenous reading gap by 50 per cent and reduce the urban-rural gap by a third. better education outcomes.
Ransomware attacks on the rise and Christmas scams to watch out for. Plus, analysis of the mid-year budget update and latest job figures.
Leading research on how adapting exam questions to make them culturally relevant to regional and Aboriginal students could close the Indigenous reading gap by 50 per cent and reduce the urban-rural gap by a third. better education outcomes.
Ransomware attacks on the rise and Christmas scams to watch out for. Plus, analysis of the mid-year budget update and latest job figures.
Australians have given away more than $1.5 trillion in the past 20 years and could be on track to hand over another $6 trillion in the coming three decades - what are the implications for inequality? Plus, Roy Green remembers economic scholar Geoff Harcourt.
Australians have given away more than $1.5 trillion in the past 20 years and could be on track to hand over another $6 trillion in the coming three decades - what are the implications for inequality? Plus, Roy Green remembers economic scholar Geoff Harcourt.
Finding a a lower priced electricity deal might be about to get easier. Plus, a new rental affordability index further details the crippling price of rental properties across Australia for lower-income households
Finding a a lower priced electricity deal might be about to get easier. Plus, a new rental affordability index further details the crippling price of rental properties across Australia for lower-income households
In a post-pandemic recovery, we might expect financial stress to lessen. But the highest level of financial stress, beyond just making ends meet, has been increasing in recent months for families with young children. The Money explores new research from the Melbourne Institute. Plus, the effects of the pandemic on financial equality - Gen Z women are falling behind. And, are tighter lending restrictions cooling Australia's housing market?
Guests:
Abigail Payne, Director and Ronald Henderson Professor, Melbourne Institute: Applied Economic & Social Research, University of Melbourne
Bianca Hartge-Hazelman, founder, Financy Women's Index
Eliza Owen, Head of Residential Research Australia, CoreLogic
In a post-pandemic recovery, we might expect financial stress to lessen. But the highest level of financial stress, beyond just making ends meet, has been increasing in recent months for families with young children. The Money explores new research from the Melbourne Institute. Plus, the effects of the pandemic on financial equality - Gen Z women are falling behind. And, are tighter lending restrictions cooling Australia's housing market?
Guests:
Abigail Payne, Director and Ronald Henderson Professor, Melbourne Institute: Applied Economic & Social Research, University of Melbourne
Bianca Hartge-Hazelman, founder, Financy Women's Index
Eliza Owen, Head of Residential Research Australia, CoreLogic
The Commonwealth Bank will allow customers trade cryptocurrencies, including bitcoin and Ethereum via its banking app. How might the bank treat the currencies in this landmark experiment? Plus, the RBA's hunt for wage rises and the battle for manual workers.
Guests:
Paul Bloxham, Chief Economist, Australia, NZ & Global Commodities, HSBC
George Tan, Research Fellow, Charles Darwin University
Dr Elvira Sojli, Associate Professor of Finance and Scientia Fellow Alumni, School of Banking and Finance, UNSW
The Commonwealth Bank will allow customers trade cryptocurrencies, including bitcoin and Ethereum via its banking app. How might the bank treat the currencies in this landmark experiment? Plus, the RBA's hunt for wage rises and the battle for manual workers.
Guests:
Paul Bloxham, Chief Economist, Australia, NZ & Global Commodities, HSBC
George Tan, Research Fellow, Charles Darwin University
Dr Elvira Sojli, Associate Professor of Finance and Scientia Fellow Alumni, School of Banking and Finance, UNSW
Pathways to net zero in the transport, agriculture and building sectors. Plus, despite falling crime rates, imprisonment in Australia is at a historic high. Are there alternatives to prison which can reduce costs without compromising community safety?
Guests:
Fiona Davis, Chief Executive Officer, Farmers for Climate Action
Professor Deo Prasad, Built Environment, UNSW
Jane Hunter, CEO, Tritium
Stephen King, Commissioner, Productivity Commission
Pathways to net zero in the transport, agriculture and building sectors. Plus, despite falling crime rates, imprisonment in Australia is at a historic high. Are there alternatives to prison which can reduce costs without compromising community safety?
Guests:
Fiona Davis, Chief Executive Officer, Farmers for Climate Action
Professor Deo Prasad, Built Environment, UNSW
Jane Hunter, CEO, Tritium
Stephen King, Commissioner, Productivity Commission
One of Australia's oldest philanthropic foundations marks 135 years of helping people in need. What has changed in that time? Plus, will inflation increases push up interest rates? And analysis of China's 2060 carbon neutral pledge.
Guests:
Sarah Hunter, Sarah Hunter, BIS Oxford Economics
Jorrit Gosens, Research Fellow, Centre for Climate and Energy Policy, Crawford School of Public Policy and founder of China Energy Portal
Stacey Thomas CEO, The Wyatt Trust
One of Australia's oldest philanthropic foundations marks 135 years of helping people in need. What has changed in that time? Plus, will inflation increases push up interest rates? And analysis of China's 2060 carbon neutral pledge.
Guests:
Sarah Hunter, Sarah Hunter, BIS Oxford Economics
Jorrit Gosens, Research Fellow, Centre for Climate and Energy Policy, Crawford School of Public Policy and founder of China Energy Portal
Stacey Thomas CEO, The Wyatt Trust
A report card of G20 countries' climate policies finds Australia is one of the least attractive green investment destinations. Hundreds of investors, who collectively manage more than US$46 trillion in assets are urging Australia to make deep emissions cuts this decade. Staying with climate, the Nationals say their support for net zero emissions will not be bought by "thirty pieces of silver", what might a net zero deal involve? Plus, last week's spending data in Sydney.
Guests:
Rebecca Mikula-Wright, CEO Investor Group on Climate Change
Nicki Hutley, economics spokesperson, The Climate Council
Lachlan Vass, economist, Accenture
A report card of G20 countries' climate policies finds Australia is one of the least attractive green investment destinations. Hundreds of investors, who collectively manage more than US$46 trillion in assets are urging Australia to make deep emissions cuts this decade. Staying with climate, the Nationals say their support for net zero emissions will not be bought by "thirty pieces of silver", what might a net zero deal involve? Plus, last week's spending data in Sydney.
Guests:
Rebecca Mikula-Wright, CEO Investor Group on Climate Change
Nicki Hutley, economics spokesperson, The Climate Council
Lachlan Vass, economist, Accenture
America's inflation rate has risen to 5.4 per cent, reflecting shortages and higher prices for food, energy and housing. Are there implications for Australia? How Europe's Carbon Border Adjustments will affect Australian exporters and emissions. Plus, how the Nobel economics prize winners better estimated the effects of immigration and the minimum wage.
Guests:
Jason Murphy, economist
Tennant Reed, climate, energy and environment policy analyst, The Australian Industry Group
Professor Richard Holden, Future Fellow, UNSW Business School
America's inflation rate has risen to 5.4 per cent, reflecting shortages and higher prices for food, energy and housing. Are there implications for Australia? How Europe's Carbon Border Adjustments will affect Australian exporters and emissions. Plus, how the Nobel economics prize winners better estimated the effects of immigration and the minimum wage.
Guests:
Jason Murphy, economist
Tennant Reed, climate, energy and environment policy analyst, The Australian Industry Group
Professor Richard Holden, Future Fellow, UNSW Business School
With Australia under pressure to commit to net zero emissions by 2050 before COP26, how would net zero affect the economy? How important are shorter term targets, legal obligations and policies to help deliver any promised cuts? Plus, what's happened to the predicted tsunami of business insolvencies? And, lessons from the Pandora Papers — calls to name and shame tax evaders, and end loopholes in anti-money laundering laws.
Most of the states are already committed to net zero by 2050, a lot of Australian companies are as well. So if the Federal Government makes the same commitment, what difference would it make?
Guests:
Hugh Grossman, Executive Director, RepuTex Energy
Nassim Khadem, business reporter, ABC News
John Winter, Chief Executive, Australian Restructuring Insolvency and Turnaround Association
With Australia under pressure to commit to net zero emissions by 2050 before COP26, how would net zero affect the economy? How important are shorter term targets, legal obligations and policies to help deliver any promised cuts? Plus, what's happened to the predicted tsunami of business insolvencies? And, lessons from the Pandora Papers — calls to name and shame tax evaders, and end loopholes in anti-money laundering laws.
Most of the states are already committed to net zero by 2050, a lot of Australian companies are as well. So if the Federal Government makes the same commitment, what difference would it make?
Guests:
Hugh Grossman, Executive Director, RepuTex Energy
Nassim Khadem, business reporter, ABC News
John Winter, Chief Executive, Australian Restructuring Insolvency and Turnaround Association
With tax income from lucrative trade routes and finance from countries such as China or Pakistan, how insulated are the Taliban from the western threat of sanctions and the freeze of international funds? Plus, accounting for climate change — latest research on translating climate data into financial risk.
Guests:
David Mansfield, independent consultant, author of A State Built on Sand: How opium undermined Afghanistan @mansfieldintinc
Dr Tanya Fielder, accounting lecturer, University of Sydney @TanyaFiedler
With tax income from lucrative trade routes and finance from countries such as China or Pakistan, how insulated are the Taliban from the western threat of sanctions and the freeze of international funds? Plus, accounting for climate change — latest research on translating climate data into financial risk.
Guests:
David Mansfield, independent consultant, author of A State Built on Sand: How opium undermined Afghanistan @mansfieldintinc
Dr Tanya Fielder, accounting lecturer, University of Sydney @TanyaFiedler
Australia's move to acquire nuclear-powered submarines and the scrapping its $90 billion submarine program with France has had diplomatic consequences – but what can be assumed about the costs, timeframes and local involvement? Plus, shipping costs, stock delays and supply chain stresses as the pandemic continues.
Guests:
Dr Marcus Hellyer, Senior Analyst specialising in defence economics and military capability, Australian Strategic Policy Institute
Elizabeth Jackson, Senior Lecturer, Curtin University
Australia's move to acquire nuclear-powered submarines and the scrapping its $90 billion submarine program with France has had diplomatic consequences – but what can be assumed about the costs, timeframes and local involvement? Plus, shipping costs, stock delays and supply chain stresses as the pandemic continues.
Guests:
Dr Marcus Hellyer, Senior Analyst specialising in defence economics and military capability, Australian Strategic Policy Institute
Elizabeth Jackson, Senior Lecturer, Curtin University
Last year in the pandemic a lot of people withdrew their superannuation under the Early Release Scheme. For many, it was a lifeline to cover food, rent and pay down debt in case things got worse. For others, it was about replacing an ageing car, or trying to save or even start a business. And surprise, surprise, overall it's worked out worse for women than for men. Plus, cuckoo smurfing — what it is, how to spot it, how to make sure it doesn't happen to you.
Guests:
Shane Oliver, Chief Economist, AMP Capital
Melissa Birks, General Manager, Advocacy, The Australian Institute of Superannuation Trustees
Gillian Kilgour, MetalSmiths Jewellery Collective
Tamika Hicks, Manager and Founder, Cardinia lakes Early Learning Centre
Marcus Erikson, Director of Intelligence, AUSTRAC
Last year in the pandemic a lot of people withdrew their superannuation under the Early Release Scheme. For many, it was a lifeline to cover food, rent and pay down debt in case things got worse. For others, it was about replacing an ageing car, or trying to save or even start a business. And surprise, surprise, overall it's worked out worse for women than for men. Plus, cuckoo smurfing — what it is, how to spot it, how to make sure it doesn't happen to you.
Guests:
Shane Oliver, Chief Economist, AMP Capital
Melissa Birks, General Manager, Advocacy, The Australian Institute of Superannuation Trustees
Gillian Kilgour, MetalSmiths Jewellery Collective
Tamika Hicks, Manager and Founder, Cardinia lakes Early Learning Centre
Marcus Erikson, Director of Intelligence, AUSTRAC
Could we have a travel bubble with Singapore and what are the advantages of getting it done? Plus, the economic consequences of something that affects so many of us — loneliness. And the massive financial intelligence trove gained from the Trojan Shield sting against organised crime should leave convicted criminals "broke".
Guests:
Nathan Lynch, Asia-Pacific Manager, Regulatory Intelligence, Thomson Reuters
Claryn Kung, Research Fellow, Monash University, Centre of Health Economics
Simon Baptist, Chief Economist, The Economist Intelligence Unit
Could we have a travel bubble with Singapore and what are the advantages of getting it done? Plus, the economic consequences of something that affects so many of us — loneliness. And the massive financial intelligence trove gained from the Trojan Shield sting against organised crime should leave convicted criminals "broke".
Guests:
Nathan Lynch, Asia-Pacific Manager, Regulatory Intelligence, Thomson Reuters
Claryn Kung, Research Fellow, Monash University, Centre of Health Economics
Simon Baptist, Chief Economist, The Economist Intelligence Unit
COVID disaster payments for Melbourne residents who are unable to work will be part of a new national scheme available to other states if lockdowns last for more than a week. The latest blow to Victoria's economy follows GDP figures which show that Australia's economy has bounced back from the pandemic recession. Plus, the economic costs of racism and Australian researchers find that business leaders are more optimistic about their company's profit outlook when the sun is shining - investors might want to check the weather forecast before making financial decisions.
Guests:
Danielle Wood, CEO, Grattan Institute
Associate Professor Edward Podolski, Deakin University Business School
Amanuel Elias, Alfred Deakin Institute, Deakin University
COVID disaster payments for Melbourne residents who are unable to work will be part of a new national scheme available to other states if lockdowns last for more than a week. The latest blow to Victoria's economy follows GDP figures which show that Australia's economy has bounced back from the pandemic recession. Plus, the economic costs of racism and Australian researchers find that business leaders are more optimistic about their company's profit outlook when the sun is shining - investors might want to check the weather forecast before making financial decisions.
Guests:
Danielle Wood, CEO, Grattan Institute
Associate Professor Edward Podolski, Deakin University Business School
Amanuel Elias, Alfred Deakin Institute, Deakin University
Meet an award winning, Aboriginal-owned construction and maintenance services business that’s part of the booming $4.8 billion Indigenous business sector. Plus, Newcastle City Council’s program to attract talented, community-minded workers. And the tough cost of Victoria’s latest lockdown.
Guests:
Gerard Matera, Director, building services company Marawar Professor Michelle Evans, University of Melbourne Indigenous Business Research Group Felicia Mariani, CEO, Victoria Tourism Industry Council
Majed Traboulsi, New Move applicant Buzzy Gray, New Move applicant Declan Clausen, Deputy Lord Mayor, City of Newcastle
Meet an award winning, Aboriginal-owned construction and maintenance services business that’s part of the booming $4.8 billion Indigenous business sector. Plus, Newcastle City Council’s program to attract talented, community-minded workers. And the tough cost of Victoria’s latest lockdown.
Guests:
Gerard Matera, Director, building services company Marawar Professor Michelle Evans, University of Melbourne Indigenous Business Research Group Felicia Mariani, CEO, Victoria Tourism Industry Council
Majed Traboulsi, New Move applicant Buzzy Gray, New Move applicant Declan Clausen, Deputy Lord Mayor, City of Newcastle
A stake in the famed New Zealand All Blacks is to be sold to a US private equity firm - with Rugby Australia in a dire financial situation, will private equity also offer the Wallabies a lifeline? Plus, as the International Energy Agency calls time on fossil fuel exploration and investment, and sets out the roadmap for a global energy transition, Australia fires-up plans for a gas led economic recovery.
Guests: Hamish McLennan, Chair, Rugby Australia John Stensholt, business reporter, The Australian Simon Chadwick, Professor of Eurasian Sport, Emlyon Business School, France
Nicki Hutley, economist, The Climate Council
Samantha Hepburn, Director of the Centre for Energy and Natural Resources Law, Deakin Law School, Deakin University
A stake in the famed New Zealand All Blacks is to be sold to a US private equity firm - with Rugby Australia in a dire financial situation, will private equity also offer the Wallabies a lifeline? Plus, as the International Energy Agency calls time on fossil fuel exploration and investment, and sets out the roadmap for a global energy transition, Australia fires-up plans for a gas led economic recovery.
Guests: Hamish McLennan, Chair, Rugby Australia John Stensholt, business reporter, The Australian Simon Chadwick, Professor of Eurasian Sport, Emlyon Business School, France
Nicki Hutley, economist, The Climate Council
Samantha Hepburn, Director of the Centre for Energy and Natural Resources Law, Deakin Law School, Deakin University
How low will unemployment have to go before Australians get a wage rise? Analysis of Federal Budget housing measures for single parents, first home buyers and older people thinking of selling the family home. Plus, beer, Superbowl tickets and a million-dollar lottery - can incentives boost rates of vaccination in the United States? Guests: Sarah Hunter, Chief Economist, BIS Oxford Economics Professor Rachel Ong ViforJ, Curtin University Lloyd Edge, buyer’s agent, Director of Aus Property Professionals
How low will unemployment have to go before Australians get a wage rise? Analysis of Federal Budget housing measures for single parents, first home buyers and older people thinking of selling the family home. Plus, beer, Superbowl tickets and a million-dollar lottery - can incentives boost rates of vaccination in the United States? Guests: Sarah Hunter, Chief Economist, BIS Oxford Economics Professor Rachel Ong ViforJ, Curtin University Lloyd Edge, buyer’s agent, Director of Aus Property Professionals
The economic implications of India's second COVID wave. Plus, revenue is up at Netflix Australia after we binged on shows during pandemic lockdowns. Despite the boost in revenue, the streaming giant paid only $553,705 in local income tax. It’s legal but there may be tax changes on the way. And the power of quotas and why Australia needs them. Guests: Gabriela D’Souza, Senior Economist, Committee for Economic Development of Australia Rodney Brown, UNSW Business School Professor Alison Pullen, Macquarie Business School
The economic implications of India's second COVID wave. Plus, revenue is up at Netflix Australia after we binged on shows during pandemic lockdowns. Despite the boost in revenue, the streaming giant paid only $553,705 in local income tax. It’s legal but there may be tax changes on the way. And the power of quotas and why Australia needs them. Guests: Gabriela D’Souza, Senior Economist, Committee for Economic Development of Australia Rodney Brown, UNSW Business School Professor Alison Pullen, Macquarie Business School
Most Australians use a tax agent or accountant to manage their returns and sort out complex deductions – it’s a deductable cost. What if everyone was entitled to a $3000 annual standard tax deduction? Plus, an unlikely coalition of parenting, union and business groups call on the Federal Government to prioritise economic security for women in next month's budget. And the value of trust in digital retail.
Guests:
Michelle O’Neil, President, Australian Council of Trade Unions
Steven Hamilton, Chief Economist, Blueprint Institute Emma Beal, Researcher, Blueprint Institute Professor Michael Rosemann, Director, QUT Centre for Future Enterprise
Most Australians use a tax agent or accountant to manage their returns and sort out complex deductions – it’s a deductable cost. What if everyone was entitled to a $3000 annual standard tax deduction? Plus, an unlikely coalition of parenting, union and business groups call on the Federal Government to prioritise economic security for women in next month's budget. And the value of trust in digital retail.
Guests:
Michelle O’Neil, President, Australian Council of Trade Unions
Steven Hamilton, Chief Economist, Blueprint Institute Emma Beal, Researcher, Blueprint Institute Professor Michael Rosemann, Director, QUT Centre for Future Enterprise
The island nation of Nauru has been readmitted to the World Bank’s high-income club. The turnaround in Nauru’s economic woes is partly due to increased income from fishing licences - but it is revenue from Australia’s Regional Processing Centre that's transformed the tiny economy. Plus, back in the penalty box – trade sanctions are expected as the Commonwealth cancels Victorian agreements with China’s Belt and Road project. And Menulog trials employing food delivery riders.
Guests:
Richard McGregor, Senior Fellow, Lowy Institute
Professor Stephen Howes, Director, Development Policy Centre, Professor of Economics at the Crawford School, ANU
Tom Barratt, Lecturer, Centre for Work and Wellbeing, Edith Cowan University
Michael Kaine, National Secretary, Transport Workers Union
The island nation of Nauru has been readmitted to the World Bank’s high-income club. The turnaround in Nauru’s economic woes is partly due to increased income from fishing licences - but it is revenue from Australia’s Regional Processing Centre that's transformed the tiny economy. Plus, back in the penalty box – trade sanctions are expected as the Commonwealth cancels Victorian agreements with China’s Belt and Road project. And Menulog trials employing food delivery riders.
Guests:
Richard McGregor, Senior Fellow, Lowy Institute
Professor Stephen Howes, Director, Development Policy Centre, Professor of Economics at the Crawford School, ANU
Tom Barratt, Lecturer, Centre for Work and Wellbeing, Edith Cowan University
Michael Kaine, National Secretary, Transport Workers Union
A big jump in consumer confidence to levels not seen since the resources boom have been described this week as “an extraordinary result.“ Westpac Chief Economist Bill Evans explains the latest data. Farmers also have a spring in their step as they go shopping in record numbers for tractors, helicopters and …coffee machines. Plus, the most unpopular tax, that we don’t have, might be a really good idea.
Guests:
Bill Evans, Chief Economist, Westpac
Julie Rynski, NAB Executive, Regional and Agribusiness
Saul Eslake, Independent economist
Ian Raspin, Managing Director, BNR Partners
Danielle Wood, Chief Executive, Grattan Institute
A big jump in consumer confidence to levels not seen since the resources boom have been described this week as “an extraordinary result.“ Westpac Chief Economist Bill Evans explains the latest data. Farmers also have a spring in their step as they go shopping in record numbers for tractors, helicopters and …coffee machines. Plus, the most unpopular tax, that we don’t have, might be a really good idea.
Guests:
Bill Evans, Chief Economist, Westpac
Julie Rynski, NAB Executive, Regional and Agribusiness
Saul Eslake, Independent economist
Ian Raspin, Managing Director, BNR Partners
Danielle Wood, Chief Executive, Grattan Institute
The Australian government has made it clear that after unprecedented spending last year, it's time to slow things down. In America, however, Joe Biden is going the other way, with a jobs and infrastructure package worth two trillion dollars. Also, how young people economically survived the pandemic, and what the price of your coffee can tell you.
The Australian government has made it clear that after unprecedented spending last year, it's time to slow things down. In America, however, Joe Biden is going the other way, with a jobs and infrastructure package worth two trillion dollars. Also, how young people economically survived the pandemic, and what the price of your coffee can tell you.
As Brisbane emerges from another costly lockdown, there's pressure on the Federal Government to speed-up the vaccine roll-out. Plus, natural disasters are costing us more, so how about a new way to pay? And single parents, especially women, were far more likely than others to lose work at the height of the pandemic and are far more likely to still be out of work now.
Guests:
Professor Richard Holden, UNSW Business School
Kate Griffiths, Policy Analyst, The Grattan Institute
Mark Ogge, Principal Adviser, The Australia Institute
As Brisbane emerges from another costly lockdown, there's pressure on the Federal Government to speed-up the vaccine roll-out. Plus, natural disasters are costing us more, so how about a new way to pay? And single parents, especially women, were far more likely than others to lose work at the height of the pandemic and are far more likely to still be out of work now.
Guests:
Professor Richard Holden, UNSW Business School
Kate Griffiths, Policy Analyst, The Grattan Institute
Mark Ogge, Principal Adviser, The Australia Institute
A container ship wedged in the Suez Canal adds to global supply chain disruptions. As the JobKeeper wage subsidy comes to an end, The Money revisits some of the tourism and hospitality business we heard from last winter. Plus, new measures to cool New Zealand's housing market and build more homes.
A container ship wedged in the Suez Canal adds to global supply chain disruptions. As the JobKeeper wage subsidy comes to an end, The Money revisits some of the tourism and hospitality business we heard from last winter. Plus, new measures to cool New Zealand's housing market and build more homes.
The pandemic and subsequent economic crisis has shown how good government matters. But what if the state aspired to do more? Leading economist, Mariana Mazzucato says governments need to rediscover ambition, confidence and in-house expertise to make capitalism solve problems like climate change and inequality. Plus, when it comes to ambition – what are China’s priorities as outlined in the latest 5-year plan?
Guests: Professor Mariana Mazzucato, Director, Institute for Innovation and Public Purpose, University College London. Author of Mission Economy: A Moonshot Guide to Changing Capitalism.
Professor Jane Golley, Director, Australian Centre on China in the World, Australian National University, co-editor, The China Story Yearbook
The pandemic and subsequent economic crisis has shown how good government matters. But what if the state aspired to do more? Leading economist, Mariana Mazzucato says governments need to rediscover ambition, confidence and in-house expertise to make capitalism solve problems like climate change and inequality. Plus, when it comes to ambition – what are China’s priorities as outlined in the latest 5-year plan?
Guests: Professor Mariana Mazzucato, Director, Institute for Innovation and Public Purpose, University College London. Author of Mission Economy: A Moonshot Guide to Changing Capitalism.
Professor Jane Golley, Director, Australian Centre on China in the World, Australian National University, co-editor, The China Story Yearbook
Concerns that the Federal Government's $1.2 billion travel industry rescue package will "cannibalise tourism opportunities" in Victoria. How many people are expected to lose their jobs when JobKeeper ends? Plus, as demand for rare earths increases, might the US look to Australia to help break China's grip on the supply and processing of critical materials?
Guests:
Felicia Mariani, CEO, Victoria Tourism Industry Council
Kristina Clifton, Senior Economist, Commonwealth Bank
Jeffrey Wilson, Research Director, Perth USAsia Centre
Concerns that the Federal Government's $1.2 billion travel industry rescue package will "cannibalise tourism opportunities" in Victoria. How many people are expected to lose their jobs when JobKeeper ends? Plus, as demand for rare earths increases, might the US look to Australia to help break China's grip on the supply and processing of critical materials?
Guests:
Felicia Mariani, CEO, Victoria Tourism Industry Council
Kristina Clifton, Senior Economist, Commonwealth Bank
Jeffrey Wilson, Research Director, Perth USAsia Centre
For most Australians, it has been quite a while since the last substantial pay rise. Why? When is it likely to change? Despite wage stagnation, some digital tech jobs are commanding premium salaries. Plus, behind the latest economic figures with Alan Kohler.
Guests: Suzanne Steele, Managing Director, Adobe Australia. Also founder of Skills Finder
Alison Pennington, Senior Economist, Centre for Future Work, Australia Institute Paul, employee at air conditioning manufacturing firm Chi Tran, General Market Data and Analytics Leader, Mercer
Alan Kohler, ABC presenter
Start-ups and small businesses previously priced out of Australian CBDs are taking advantage of lower rents and co-working spaces to relocate to city centres. Plus, your guide to quantitative easing and the promise of a 2032 Olympics in Queensland.
Guests: Susan Harris Rimmer, Director, Griffith University Policy Innovation Hub Jeremy Thorpe, Chief Economist, PwC Australia Lisa Qi, co-founder, Share with Oscar Belinda Cheung, Director in Credit Strategy, Commonwealth Bank
The latest company results cast more light on how the Jobkeeper subsidy is padding out company profits, bonuses and dividends. A corporate governance advisor calls out “Jobkeeper utes, boats and holiday homes”. An unemployment insurance scheme is floated in a rethink of the dole. Plus, how social change happens – the new science of networks. Guests:
Dean Paatsch, Director, Ownership Matters
Stephen Hamilton, Chief Economist, Blueprint Institute
Professor Damon Centola, Director of Network Dynamics Group, University of Pennsylvania.
What’s the value of Google to the Australian economy? It a key question with different answers, as the tech giant promotes its economic value to Australian businesses and consumers in a self-commissioned report. Plus, new laws proposed to help fight money laundering in Australia and the possible extradition of two drug bosses suspected of laundering money through Crown Resorts.
Guests: Joanne Gray, Chief Investigator, QUT Digital Media Research Centre Peter Lewis, Director, Australia Institute Centre for Responsible Technology Liam Harrison, Senior Industry Analyst, IBIS World John Coyne, Head of Strategic Policing and Law Enforcement, Australian Strategic Policy Institute
Jobkeeper and Jobseeker payments have reduced overall income inequality in Australia, but as they are wound back, how will children in our lowest income households fare? Tafes around the country are seeing strong demand for courses in cybersecurity, nursing, aged care and book keeping as workers retrain and upskill. Also, how can house prices continue to rise?
Guests:
Craig Robertson, CEO, TAFE Directors Australia
Wendy Field, head of policy and programs, The Smith Family
Jade Smith
Eliza Owen, head of residential research Australia, CoreLogic
President Joe Biden’s new economic team faces a huge task to respond to the pandemic and rising unemployment. How is the new administration dealing with the economic fallout of the pandemic and what are the longer term plans to close the racial wealth gap? Plus, a large portion of the banking Royal Commission's recommendations have been delayed or abandoned.
Guests: Betsey Stevenson, Biden transition advisor, US Department of Treasury, former member of the President's Council of Economic Advisers, economist, University of Michigan. Helen Bird, senior lecturer in governance studies at Swinburne Law School Katherine Temple, Director of Policy and Campaigns, Consumer Action Law Centre
Maria Konnikova learnt to play poker to explore the interplay between luck and skill. As she rose from rank novice to accomplished player, she also learnt how to make better decisions. Plus, how during lockdown we became the 20-minute neighbourhood.
Guests:
Maria Konnikova, author of The Biggest Bluff: How I Learned to Pay Attention, Master Myself, and Win.
Lucinda Hartley, co-founder of Neighbourlytics
Two business success stories from 2020 on The Money: Rapid diagnostics company Ellume began shipments of its COVID-19 test to the United States as part of a $US30m deal. And huge uptake in virtual doctor consultations has meant big business for Australian telehealth company Coviu. Plus, the Netflix of electric vehicles. Guests: Dr Sean Parsons, founder and CEO, Ellume Dr Silvia Pfeiffer, CEO, Coviu John Chambers, Executive General Manager Future Business & Technology, AGL S. Travis Waller, Professor of Transport, founding Director Research Centre for Integrated Transport Innovation, UNSW
Meet the Australian philanthropists spending their funds on projects to tackle climate change. They’re not interested in drip feeding donations for decades, they want results and a legacy of helping to avoid catastrophic climate change. Plus, what is La Niña doing to the economy?
Guests: Norman Pater, Chair of The Carbon Farming Foundation
Sue McKinnon, Director, McKinnon Family Foundation
Jeff Wicks, Director, ACME Foundation
Amanda Martin, CEO, Australian Environmental Grantmakers Network
Daniel Hynes, Senior Commodities Strategist, ANZ Bank
In the wake of lockdowns and working from home, business is rethinking how much office space is needed and where it's located. Plus, the economist who argues that governments should spend whatever it takes to drive a post-COVID economic recovery.
It’s been a quite year. At the end of it, Australia, through a combination of geography, our health system, and massive injections of cash from the government isn’t going too badly. There has even been surprising growth in some sectors like electronics manufacturing, as companies bring production back home. Plus, there’s new research showing high levels of financial stress amongst full time workers especially workers in poorer areas – is the pandemic recession making poverty worse?
Guests: Serena Ross, CEO, Circuitwise Professor Abigail Payne, Director, Melbourne Institute, Melbourne Institute of Applied Economic and Social Research Richard Yetsenga, Chief Economist, ANZ Research
Kelly Fawcett, Research and Policy Lead, Foundation for Young Australians
Martinique, university graduate
Australia’s ongoing housing inequalities are explored in new research on the financial stresses facing renters over 50 with an annual household income of less than $31,000. Plus, is cash dead? And the ups and downs of a rising Aussie dollar. Guests: Michele Bullock, Assistant Governor (Financial System), Reserve Bank of Australia Emma Power, Senior Lecturer in Geography and Urban Studies, Western Sydney University
Irene, renter from Victoria
Diana Mousina, Senior Economist, AMP Capital