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The Latest Breaking News from Australia Institute

The mining sector made more than half of Australia's corporate profits, so why do economists want to ignore it?

Australia's mining sector has generated windfall profits over the past two years, the result of dramatically higher prices for fossil fuel energy, but has it driven inflation?

ABC News

Income inequality surges as richest group gets more than 90 per cent of the gains, Australia Institute finds

A new report suggests Australia is becoming more inequitable, with 93 per cent of pre-tax gains in the economy going to the top 10 per cent of earners.

ABC News

Australia should catch more electric buses, study finds

Less than one per cent of all buses on Australian roads are electric models, a new study has revealed, prompting experts to call for a faster adoption.

AAP

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Australia’s richest captured 93% of economic growth between 2009 financial crisis and Covid, paper shows

Wealthiest 10% captured growth in company profits while most Australians watched their real wages shrink, Australia Institute finds

The Guardian - AU

Albanese government faces decisions on coalmines that could add 16m tonnes of CO2 emissions annually

Australia Institute analysis tracks 28 proposed developments referred to Tanya Plibersek for approval

The Guardian - AU

David Pocock under pressure to block Labor’s safeguard mechanism bill after fossil fuel poll

With 62% of Canberrans backing a ban on new coal and gas projects, Labor faces tough task convincing ACT senator

The Guardian - AU

Super tax breaks were already well due for retirement

If tax concessions for super were designed to ‘top up’ people’s age pension then why would we spend so much ‘topping up’ those at the top?

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Why are Australian households struggling as corporate profits soar?

Everyday Australian’s are struggling to keep up with the rising cost of living with soaring inflation hurting households’ hip pockets.

The New Daily

Morning Mail: inflation linked to company profits, Ukraine one year on, Australia reach T20 final

A thinktank dismisses the idea rising wages causes price spiral; Australia sends drones to Kyiv in show of support; women claim thrilling T20 semi win

The Guardian - AU

Profits have driven inflation while wages lag behind, argue economists

Increasing profits going to corporate Australia account for more than two-thirds of the nation's inflation problem, according to new research from the Australia Institute.

ABC News

‘An economic fairytale’: Australia’s inflation being driven by company profits and not wages, analysis finds

Australia Institute warns of a ‘profit price spiral’ and calls for shift in RBA and government narrative towards corporations

The Guardian - AU

AEMO warns of NSW power gaps within three years, calls for 'urgent' investment in grid

The state is set to bear the brunt of reliability gaps in Australia's biggest power system as mass coal-fired power exits hit.

ABC News

Growing disparity in life expectancy, health outcomes between Sydney, far western NSW report finds

Life expectancy, rates of suicide, and preventable deaths are all getting worse in remote parts of NSW according to research from The Australia Institute.

ABC News

'Alarm bells' as remote Australians live shorter lives

The Australia Institute's Unlucky Country report reveals the growing disparity in life expectancy between the city and the bush.

AAP

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The Guardian - AU

Government receives strategic defence review – as it happened

This blog is now closed

The Guardian - AU

Superannuation tax breaks will cost budget $52bn, almost matching Australia’s age pension

New analysis calls for major changes including restrictions on concessions as the country risks having ‘two classes of state-funded retirees’

Newcastle Herald

Graduates exposed: Why your HECS debt could be going up

It's time to think about the debt we set and forget. University graduates have just seen the largest debt indexation in 32 years.

ABC News

Australia Institute among dozens to oppose 40 million tonne open cut expansion of coal mine in NSW central west

The Australia Institute says allowing another 40 million tonnes of coal to be mined in the NSW central west does not stack up economically or environmentally.

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The Guardian - AU

Australia’s coal exporters made windfall gain of $45bn last year, report estimates

Report by Australia Institute finds a windfall profits tax could collect almost all this money for public use

The New Daily

Push to alleviate poverty of millions with rise in welfare rates after David Pocock’s win on review

We could populate a city bigger than Brisbane, Canberra and Hobart combined with the Australians who live in poverty.

Pedestrian.tv

Fkn Grim: A New Report Reveals How Much Cash The Average Aussie Is Owed For Unpaid Overtime

New research by The Australia Institute revealed the average worker clocks about $8,000 worth of unpaid overtime a year, or 4.3 hours a week.

The Guardian - AU

‘Everyone’s against it’: the powerlines dispute in one of Victoria’s most marginal electorates

Proposed transmission lines to help meet renewable targets are slated to run through Ripon, held by just 15 votes in 2018

The Guardian - AU

Nearly 90% of Australians want government to step in on energy costs, poll finds

Survey shows strong support for lowering prices by limiting exports and imposing windfall profits tax on gas companies

ABC News

Report shows growing number of Australians believe climate change effects already being felt

Over the past 15 years, Australians have weathered myriad natural disasters, including catastrophic bushfires, droughts and floods. A new report shows attitudes to the threats posed by climate change have shifted.

The Guardian - AU

Majority of Australians back taxing fossil fuel companies’ super profits, survey shows

Research comes as treasurer acknowledges ‘an appetite in the community’ to strengthen petroleum resource rent tax

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