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The Latest Breaking News from OECD

Home ownership in Australia has been in retreat for decades. How does it stack up against other countries?

Many OECD countries have experienced similar patterns of declining homeowner numbers – and ageing populations are projected to drive the rate even lower

The Guardian - AU

Labour is talking about a wealth tax again – what are its options and what might work?

Labour Party leader Chris Hipkins recently revealed the party is looking once again at its tax policy, including a possible wealth tax or a “capital income tax” (CIT).

The Conversation

UK primary class sizes among biggest in industrialised world, report finds

Only Chile exceeds UK’s 27 pupils a class in OECD study, with UK pupil-teacher ratio also among highest

The Guardian - UK

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Nation in danger of taking wrong turn with energy . . . again

Nuclear debate: Australia's renewables-only policy not the answer

Newcastle Herald

Genitalia From Girls Mutilated In I. Coast Sold For Magic

When he was a witch doctor, Moussa Diallo would regularly smear himself in a lotion made from a clitoris cut from a girl subjected to female genital mutilation.

International Business Times

Plastic pollution hotspots pinpointed in new research – India ranks top due to high levels of uncollected waste

We have used machine learning to identify the biggest plastic pollution hotspots across more than 50,000 towns, cities and rural areas worldwide. Our new global model reveals the most detailed picture of plastic pollution ever created with the highest environmental concentrations in India, predominantly because so much of its waste…

The Conversation

Migration remains a hot-button issue. But Australia should be careful not to throw the baby out with the bathwater

If the problem we’re trying to solve is housing undersupply, then planning and tax policies, not migration, should be where the focus is

The Guardian - AU

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Israel: 11 months of war have battered the country’s economy

After 11 months of war, Israel is facing its biggest economic challenge in years. Data shows that Israel’s economy is experiencing the sharpest slowdown among the wealthiest countries of the Organisation for Economic Cooperation and Development (OECD).

The Conversation

Why are UK teens the least happy in Europe?

A recent report showed UK’s teenagers have grown dissatisfied with life. It calls for economic and educational reforms.

Al Jazeera

Australia gives workers right to ignore bosses’ after-hours calls, emails

The country is the latest to pass legislation granting a ‘right to disconnect’ outside of work hours.

Al Jazeera

The WTO isn't solving the problems of global trade. Maybe the answer is for it to try to do less

The WTO should pivot from trying to enforce the rules of global trade to giving countries a space to figure out solutions on their own.

Fortune

The door to an Australian tech tax is clearly ajar. Can Labor make it happen?

There’s a long track record of government subsidising traditional media – but patch-up jobs and sweetheart deals have reached the end of their useful lifespan

The Guardian - AU

Extremist or mainstream: how do Tim Walz’s policies match up globally?

As Minnesota governor he took action on school meals, climate, family leave, guns and more – how does that compare with other developed countries?

The Guardian - US

The Guardian view on Labour and the trade unions: thrust together by more than history

Editorial: Sir Keir Starmer is right to recognise that Britain needs to move away from an economic model that seeks growth by making workers poorer

The Guardian - UK

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The Conversation

More secure jobs and higher unemployment benefits would help lift Australia’s birth rate

Across developed countries, including Australia, fewer babies are being born.

The Guardian - AU

Alarm bells over Australian universities’ financial dependence on international students

Critics across the sector say institutions have become trapped in an unstable business model as they try to make up for loss of government funding

The Conversation

Retirement as we know it is ending – it’s time to rethink the idea of working age

When do you think you’ll retire? Aged 65? Younger, if you’re lucky? Maybe older if you’re unlucky – or if you’re young right now?

The Guardian - AU

A second Trump presidency would send Australia down a dark economic path. Here’s how it might play out

Under Trump’s tariff plans, our GDP would take a hit amid a nightmare trade war – and while we’re at it, forget emissions reductions or global agreements

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Fortune

AI could become the ‘new steel’ as overcapacity risk goes unnoticed

When various governments intervene to increase capacity, as they have done with steel and may now be doing with AI, we struggle with spillover effects.

The Conversation

Small modular reactors have promise. But we found they’re unlikely to help Australia hit net zero by 2050

Australia’s clean energy transition is already underway, driven by solar, wind, batteries and new transmission lines.

AAP

Small modular reactors are a 'chimera' for now

An academy has casts its eye over the commercial viability of small modular reactors in development and finds any full-scale application is decades away.

The Guardian - AU

Coalition’s nuclear plan delaying decisions on renewables, investors say

Talk of building reactors in Australia is breeding uncertainty and delaying decisions to back major solar and wind projects

The Guardian - AU

Australian workers’ living standards have been destroyed – and there is little good news ahead

While interest rates may have peaked, the labour market is fragile and the economy is set to slow even further

The Canberra Times

Australia bucks OECD trend with increasing trust in public sector

Survey shows what people think of public servants and governments.

The Conversation

Why real wages in Australia have fallen while they’ve risen in most other OECD countries

Australia is now in the same league as Lithuania, Estonia and Hungary when it comes to cutting real pay, according to a new OECD report.

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