economics

ACOSS calls for ‘urgent’ hike to JobSeeker and related payments amid cost-of-living crisis

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The peak Australian community services body says JobSeeker and related government payments must be “urgently raised and without further delay” following the announcement that an additional $115 million in funding will be committed to cost-of-living support services over the next five years. Beneficiaries of the funding include emergency relief organisations, financial counselling and other hardship … Read more

IMF warns of emerging threats that could disrupt global economy’s recovery

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The International Monetary Fund has bumped up its expectations for global growth this year but warned emerging disruption threats to supply and commodities could derail a forecast improvement for the world’s economy. The IMF — the United Nations’ major financial agency — said the steady decline of inflation and growth holding up despite broader economic … Read more

The Australian workers who will benefit from Prime Minister Anthony Albanese’s tax cut changes

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Anthony Albanese insists a broken election promise on tax cuts is the right thing to do in changed economic circumstances, promising middle-income earners an extra $800 a year. The prime minister will use a National Press Club address to outline his case for overhauling stage three tax cuts due to take effect in July. In … Read more

Prime Minister Anthony Albanese commits to stage three tax cuts despite cost-of-living concerns

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Prime Minister Anthony Albanese has committed to stage three tax cuts, despite growing calls for the measures to be scrapped for other cost-of-living relief measures. The tax cuts were unveiled by the former coalition government in the 2019 federal budget, and are due to come into effect on July 1. WATCH THE VIDEO ABOVE: Albanese … Read more

Forget Growth. Optimize for Resilience

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Fleming believed that growth has natural limits. Things grow to maturity—kids into adults, saplings into trees, startups into full-fledged companies—but growth beyond that point is, in his words, a “pathology” and an “affliction.” The bigger and more productive an economy gets, he argued, the more resources it needs to burn to maintain its own infrastructure. … Read more

Fresh Bitcoin Hype Shows Crypto Just Can’t Help Itself

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Twelve applications for spot bitcoin ETFs are awaiting approval from the SEC. Delays are commonplace, but the agency is due to make a call on some of the applications as early as January 1, 2024. The three ETF analysts who spoke to WIRED expect the SEC to green-light a spot bitcoin ETF at some point … Read more