The Economy, Stupid - podcast cover

The Economy, Stupid

ABC listenwww.abc.net.au
Formerly The Money, 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.

Episodes

Fast chargers: how to speed up the net zero transition

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...

Nov 04, 202129 min

Fast chargers: how to speed up the net zero transition

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

Nov 04, 202129 min

Philanthropy and poverty: reflections on a 135 year history

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

Oct 28, 202129 min

"Climate risk is investment risk"

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-W...

Oct 21, 202129 min

Is inflation creeping back?

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 Ho...

Oct 14, 202128 min

Is inflation creeping back?

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 Ho...

Oct 14, 202128 min

Expectations of net-zero commitment, but policy lags behind

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 Au...

Oct 07, 202129 min

Expectations of net-zero commitment, but policy lags behind

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 Au...

Oct 07, 202129 min

The Taliban economy

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 @...

Sep 30, 202129 min

Underwater costs: Australia’s move to nuclear submarines

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 Un...

Sep 23, 202129 min

Underwater costs: Australia’s move to nuclear submarines

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 Un...

Sep 23, 202129 min

How we dipped into our super during COVID

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...

Jun 17, 202129 min

How we dipped into our super during COVID

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...

Jun 17, 202129 min

Financial intelligence trove from Operation Ironside

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...

Jun 10, 202129 min

Financial intelligence trove from Operation Ironside

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...

Jun 10, 202129 min

Disaster payments for Melbourne, and how sunshine affects corporate decision making

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 mig...

Jun 03, 202129 min

Growing Indigenous business sector worth billions

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 MarawarProfessor Michelle Evans, University of Melbourne Indigenous Business Research Group Felicia Mariani, CEO, Victoria Tourism Industry Council Ma...

May 27, 202128 min

Slice of heaven: All Blacks and Wallabies consider private equity

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 AustraliaJohn Stensholt, business reporter, The Australi...

May 20, 202129 min

How much of a difference will the Budget make to housing?

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 EconomicsProfessor Rachel Ong ViforJ, Curtin UniversityLloyd Edge, buyer’s agent, Director of Aus Property Professiona...

May 13, 202129 min

India’s economic pain as the pandemic rages

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 AustraliaRodney Brown, UNSW Business SchoolProfessor Alison Pullen, Macquar...

May 06, 202129 min

No more tax returns: a proposal for standard deductions

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, Chie...

Apr 29, 202129 min

No more tax returns: a proposal for standard deductions

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, Chie...

Apr 29, 202129 min

Nauru rejoins the high income club

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 McGre...

Apr 22, 202129 min

Nauru rejoins the high income club

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 McGre...

Apr 22, 202129 min

Happy to spend: consumer confidence soars

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 Agribusi...

Apr 15, 202129 min

Happy to spend: consumer confidence soars

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 Agribusi...

Apr 15, 202129 min

Accelerate vaccinations to avoid further lockdowns

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 ...

Apr 01, 202129 min

Tight fit in the Suez Canal; farewell Jobkeeper

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.

Mar 25, 202129 min
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