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The Latest Breaking News from Michael Pascoe

Michael Pascoe: Money laundering and corrupt cash in real estate – another item for Labor

There is a lot on Labor’s agenda for fixing, but a place needs to be found ending real estate being used for money laundering and investing corrupt cash.

The New Daily

Michael Pascoe: No, the federal Liberal Party doesn’t give a stuff about Australia

The signs were there the Dutton-led Coalition was going down the Abbott path of total opposition, having learned nothing from having its heartland blitzed.

The New Daily

Michael Pascoe: RBA jawbone has done its job with consumers

Consumer sentiment normally has a political bias – voters for the government of the day survey more optimistically than those supporting the opposition.

The New Daily

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Michael Pascoe’s The Summertime of Our Dreams and the need to choose words carefully

Michael Pascoe reveals the emotional journey that helped spur him write his very personal memoir, The Summertime of Our Dreams.

The New Daily

Michael Pascoe: Business isn’t wasting a good crisis while China plays the long game

Ampol’s increased refinery profits, the price of bread in Britain, environmentalists making coal miners richer and China selling its US Treasuries stash.

The New Daily

Michael Pascoe: ‘God’s plan’ – blaming God for human failures is a bit rich

“It’s all God’s plan” is a seductive little belief, appealing in its echo of the sort of thinking that gave us the divine right of kings.

The New Daily

Michael Pascoe: ‘Everyone’ was wrong about wages – and they may be again

Workers don’t think their boss is open to giving a fat pay increase, writes Michael Pascoe. Fears of a a wage-price spiral are well overblown.

The New Daily

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Michael Pascoe: But what if the inflation hawks are wrong …

“Generals always fight the last war” – and that could be the case with the world’s inflation hawks now. It’s not a good thing.

The New Daily

Michael Pascoe: The parable of the moussaka – challenges drive productivity

It sometimes takes difficulties and challenges to force us to change, to drive innovation. So it goes in the parable of the moussaka, writes Michael Pascoe.

The New Daily

Michael Pascoe: Trillion-dollar government failure, Dopesick and an Istanbul taxi driver

The puff of dust just visible is the last sign of a trillion-dollar horse long bolted, the gate held ajar by dopey politicians and regulators – or worse.

The New Daily

Covid and Brexit behind surge in fake ecstasy pills made from psychosis-inducing drug

The sale of party drugs saw a slump during the lockdown and they are now thought to be mixed with caffeine, speed and new drug cathinone that can cause severe mental health issues

Daily Mirror

A Ponzi scheme is a Ponzi scheme, crypto or otherwise

A facet of the crashing crypto game has reminded me of a journalistic failure 25 years ago, a story that got away and cost mugs millions of dollars.

The New Daily

How Covid and Brexit led to drug users being sold fake ecstasy

Nearly half of samples measured as part of a study by Cardiff University researchers contained none of the party drug

Wales Online

Brexit helping cause harmful increase in fake ecstasy, study warns

Covid and crackdowns also blamed as researchers find half of pills sold as MDMA at festivals in England contained none of the drug

The Guardian - UK

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The New Daily

Michael Pascoe: The RBA is hunting down the bezzle

Most of what is pushing up prices now won’t be affected by increasing interest rates – but higher rates will wound the bezzle.

The New Daily

Michael Pascoe: Opportunity knocks for Australia in China

I suspect Anthony Albanese will be a better PM than he was Opposition Leader – his talents more suited to making things work than tearing things down.

The New Daily

Michael Pascoe: Now Morrison fibs about immigration

Given the frequency of Scott Morrison telling lies, telling the AFR a fib about immigration levels just before an election is small beer, but also telling.

The New Daily

Michael Pascoe: Housing crisis? Look over there – a puppy!

Neither of the parties that will form government next week wants to confront the nation’s immediate need or offer large-scale investment in public housing.

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The New Daily

Michael Pascoe: Everyone is wrong about a 5.1 per cent minimum wage rise

The government knows how miserable the real-world outcome is for people on low wages suffering excruciating effective marginal tax rates.

The New Daily

Michael Pascoe: We want inflation but not a higher cost of living. Go figure that one

While nobody seems to want the cost of living to be higher, it is official policy to push inflation higher than it has been for a decade.

The New Daily

Michael Pascoe: Federal and NSW Liberal Party delivering for developers

With mud still being hosed out of houses, the NSW Planning Minister scrapped a requirement to consider the risks of floods before building new homes.

The New Daily

Michael Pascoe: Josh Frydenberg discovers his Magic Pudding

Like St Paul to the Corinthians, Josh Frydenberg is to become “all things to all people” on Budget night later this month.

The New Daily

Michael Pascoe: Scott Morrison set precedent for carbon levy

There is a recent precedent for the federal government to introduce a $1 a tonne levy on fossil fuels – and it was set by Scott Morrison.

The New Daily

Michael Pascoe: RBA gently points out we don’t have an AUKUS economy

You know the old cliché “if America sneezes, Australia catches a cold”? It’s very last century and long overdue for retirement.

The New Daily

Michael Pascoe: Get set for Frydenberg infrastructure spinning

The press gallery naively swallowed Josh Frydenberg’s pre-budget infrastructure spin last year, so there’s every reason to expect he’ll repeat the trick.

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