President Trump is promising more than the world has ever seen. What impact will the US tariff move have on Australian producers, businesses, shoppers, and the broader economic landscape?
The budget week that began with an unexpected tax cut has evolved into a debate about what we pay at the pump. What's better for you in the long run?
Electricity makes up a smaller slice of household spending than beer or takeaway – yet power bills spark outrage like nothing else. With prices set to jump 30%, is the government trapped in an endless cycle of rebates? Plus, a restaurant collapse leaves workers unpaid, exposing a major flaw in Australia’s wage safety net. Meanwhile, cash is dying, and the Reserve Bank says it might not last another decade. Will you still be using it in 10 years? Emilia Terzon - ABC national business reporter Jam...
The US and Australian markets are in freefall, and now we face steep tariffs on steel and aluminium. That’s right, no special treatment for us down under!
The US and Australian markets are in freefall, and now we face steep tariffs on steel and aluminium. That’s right, no special treatment for us down under!
Why destruction isn't counted against GDP, but the replacement is.
Your super is funding U.S roads and data centres. Is it simply, too big for Australia?
The RBA dropped interest rates this week - smart move? Or is the RBA kicking the financial can down the road? Plus, the South Australian government has forced the Whyalla Steelworks into administration. Then, the economic fallout of the family trust trial.
Tariffs are on the rise — so what does this mean for ultra-cheap sites like Temu? Then, is Elon Musk behind the recent slump in electric car sales? Plus, the question of whether Australia has slain the inflation dragon remains on the table.
Trump's tariffs are here, but do those voting for them really understand how they work? Plus, the housing market is cooling down, but should we take it further and push prices down even more? And, we’re taxing tobacco heavily, but surprisingly, the tax revenue is dropping. Turns out, it’s not because people are quitting. Could we be facing a self-defeating tax? Taj Pabari - social entrepreneur and author of Young, Dumb and Financially Independent: What school didn't teach you about money. Emilia...
With inflation down and right within the Reserve Bank's target band, is there any reason why we shouldn't now expect a cut in interest rates? Plus, a deep dive into DeepSeek, the Chinese AI firm that shook the US stock market this week; and the economics of the Australian Open - turns out there's more than a Grand Slam title at stake. Guests: Myriam Robin - Senior writer with the Australian Financial Review. Isaac Gross - former Reserve Bank economist, now lecturer in economics at Monash Univers...
With Donald Trump back in the White House, it's boom time for billionaires and tech bros. How much will these changes trickle down to Australia? Plus, you’ve probably noticed those fees racking up, every time you tap your debit card. A push is now on to ban them, but this might have some unexpected - and expensive - consequences. Guests: Megan Flamer - Innovation and organisational development specialist with Monash Business School (and founder of Excited Adults) Michael Janda - ABC News Busines...
The Economy, Stupid is your weekly guide to the world of business, economics and finance. Every Thursday, economist Peter Martin is joined by a team of sharp young thinkers for a fresh conversation about the financial stories making headlines and how they might affect you.
The Economy, Stupid is your weekly guide to the world of business, economics and finance. Every Thursday, economist Peter Martin is joined by a team of sharp young thinkers for a fresh conversation about the financial stories making headlines and how they might affect you.
Australians have a sleeping problem. The most conservative estimates show one in 10 have a sleep disorder, which is having an impact on their safety, wellbeing and productivity. This ends up costing almost a $1 billion a week. And that’s not all. The total cost of inadequate sleep is thought to be as high as $75 billion a year. We’re not alone either. International research shows places like the US, the UK and Europe are facing similar problems, with similar costs. Guests: Shanthakumar Rajaratna...
Journalist Ed Conway went on a journey to discover where the things we use in everyday life come from. He narrowed that search down to six vital materials: sand, salt, iron, copper, oil and lithium. These materials, he says, are like a gateway allowing us to see the spectrum of different things around us that really do matter. These materials from the ground that have enabled us to connect with each other, to provide energy and make machines. Guest: Ed Conway, Economics and Data Editor of Sky Ne...
After nine terrific years explaining how the economy and everything in it works, Richard Aedy looks back at the highlights of the decade as well as Australia's economic future with Danielle Wood, Chair of the Productivity Commission. Guest - Danielle Wood, Chair of the Productivity Commission
The NDIS is vitally important, but because it was not designed to do everything, there are many areas where disabled Australians need more philanthropic support, assistance for those who want to start their own businesses or enjoy easeful, diverse travel experiences. A story for IDPWD (International Day of People with a Disability) 3rd December Guests: Simon Darcy, Professor of Management, UTS Business School Emma Dawson, Executive Director of PerCapita Kirsty Nowlan, Executive Director of The A...
Not many of us care for Mondays, and statistically it really is the most dangerous day of the week as opposed to Black Friday where the biggest danger is watching your money disappear. Guest: Fleur Brown from the Australian Retailer's Association Milad Hagani from the University of NSW Also, why are we not spending more on upskilling and training our workforce? Andrew Barker Head of Research at CEDA
Germany's economic dominance as Europe's biggest economy is in danger. A new book argues that the weaknesses have been brewing for decades, leaving Germany over-reliant on Russian gas, too focused on old industries and unable to adapt to the digital realities of the 21st century. Guest: Wolfgang Munchau, former Financial Times associate editor, and author of Kaput: The End of the German Miracle, outlines the myriad economic problems and a possible way out. Kaput will be published by Allen and Un...
Germany's economic dominance as Europe's biggest economy is in danger. A new book argues that the weaknesses have been brewing for decades, leaving Germany over-reliant on Russian gas, too focused on old industries and unable to adapt to the digital realities of the 21st century. Guest: Wolfgang Munchau, former Financial Times associate editor, and author of Kaput: The End of the German Miracle, outlines the myriad economic problems and a possible way out. Kaput will be published by Allen and Un...
Donald Trump's economic agenda is clear: less taxation and regulation; more tariffs. But some of his programs will require a lot of money, which means America will need to borrow more. Those borrowings and the impact of tariffs will affect small, open trading economies, like Australia. Guests Professor Susan Stone, Credit Union SA Chair of Economics, University of South Australia Win-Li Toh, Principal, Taylor Fry
Australians fork out much more on dental care than any other kind of health care. Which is why increasingly, people are delaying or skipping dental care, and 27% of kids aged between 5 and 10 had untreated decayed or missing teeth. So should, or could dental care be brought under the Medicare umbrella, and what might this cost? Guests: Peter Breadon, Program Director for Health and Aged Care at the Grattan Institute Dr Angie Nisson, Board Member of the Australia Dental Association and Clinical D...
One of the factors determining how people vote is the economy, and while America's is doing incredibly well right now, consumer confidence has slumped and most Americans are not feeling at all happy. Guests: Betsey Stevenson, Professor of Economics and Public Policy at the University of Michigan Robert Armstrong, US Financial commentator at the Financial Times Christopher Rugaber, covers the US economy and Federal Reserve for Associated Press...
There's a seismic change heading our way that will drive up electricity and water usage and it has to do with the uptake of generative AI, including Chat GPT. Giant tech companies are investing in nuclear power for their AI-fuelled race, however data centres also need clean, drinking-quality water. Guests: Ben Geman, energy reporter at Axios.com and the author of the daily Axios Generate newsletter, covering the world of energy business and politics. David Berreby, science writer based in New Yo...
Obesity and associated health problems cause a significant burden on health systems, but should weight-loss drugs be offered under our PBS just for weight loss? In Britain, there is to be a trial of the weight loss drug Mounjaro, that will also seek to measure the economic impact of those benefits. Britain's Health Minister argues that weight loss drugs will be '"life-changing, help them get back to work and ease the demands on our NHS". Guests: Dr Norman Swan, co-presenter of ABC Radio National...
The continuing wars in Ukraine and the Middle East have horrified the world with the loss of life and devastation, raising the question, what's the cost of weaponry? World military expenditure surpassed $US2.44 trillion for the first time in 2022. Latest available figures show at $US916 billion, the US spends the most and it's also the world's largest exporter of weapons. Also US spending on Israel's military operations and related US operations in the Middle East this year total $22.76 billion,...
In a new economic analysis of religions, Paul Seabright argues that religions are not the antithesis of economics, instead he likens them to competing businesses, attracting people by providing services such as community and a greater sense of meaning in life. The Divine Economy, published by Princeton University Press Guest: Paul Seabright, teaches economics at the Toulouse School of Economics. Prior to that he was a Fellow of All Souls College at the University of Oxford....
Australian's love affair with paying by card - and not cash - has now surpassed 90% of transactions. And each time we tap our card, the merchant incurs a cost that's passed onto you, the customer, to the tune of billions of dollars a year. So who gets the money? As part of a Review of Retail Payments Regulation, the RBA is expecting the industry - the banks, card companies and payment terminal companies - to cut processing costs by using what's called 'least cost routing'. Brad Kelly, Managing D...
The recent Senate Economics Reference Committee chaired by Andrew Bragg, delivered an extremely critical report on the performance of the corporate regulator, ASIC. It was recommended that the Australian Securities and Investments Commission be split into two bodies to address a perceived lack of competence. Guests: Andy Schmulow, Associate Professor in the School of Law at the University of Wollongong Dr Jason Harris, Professor of Corporate Law, Interim Deputy Dean and Interim Deputy Head of Sc...
