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Independent source of news and views, sourced from the academic and research community.

U.S. Fed and RBA Traveling a Similar Path

Date: 17 June 2016

A familiar theme of this column has been the significant uncertainty about the global economy that is leaving investors - and to some extent, consumers - standing on the sidelines. That in turn means lower growth, which validates the decision to stand on said sideline. Moreover, the vicious circle continues.

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Where did You Intern?

Date: 17 June 2016

In today’s hyper competitive job market, internships are becoming a must-have on almost every job applicant’s CV. However, when should a worker be paid for an internship, and is the rise of unpaid internships simply broadening the gap between those who can afford to work for free and those who can’t? We explore these and other issues in this Internships Investigated series.

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Australia Proposes a Quickie Bankruptcy

Date: 16 June 2016

The proposed federal government changes to insolvency that reduce the bankruptcy period from three years to 12 months need to be questioned.  It has been argued the shortened default period will have the desired impact on encouraging entrepreneurial activity and reducing the associated stigma of being a bankrupt.

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Ready to Invest in South Africa...Not!

Date: 16 June 2016

South Africa has narrowly survived a downgrade of the rating of its government bonds. The reprieve, however, is temporary because government has been warned by the Big Three rating agencies – Fitch, Moody’s and Standard & Poor’s – to pull up its socks.

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Should Student Loan Debt Forgiveness Go Beyond the Defrauded?

Date: 16 June 2016

Outstanding student loan debt in the United States reached a record US$1.35 trillion in March, up six percent from a year earlier.  About 10 million people who borrowed from the government’s main student loan program – 43 percent – are currently behind or no longer making payments, with more than a third of them in default. Some students are especially at risk, such as those who attended for-profit institutions.

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Brazil has Gone Sideways, but is there Hope?

Date: 16 June 2016

Most of the headlines in recent weeks have focused on Brazil’s troubling political crisis. However, the country is also in the midst of a deep economic recession.  The economy has been shrinking since the second quarter of 2014. It contracted by 3.8 percent in 2015 and is expected to shrink by a similar amount this year. Earlier this month, the Organisation for Economic Co-operation and Development (OECD) said it sees the recession continuing into 2017.

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Pro-Brexit Economists' Plan is...Flawed

Date: 15 June 2016

There are numerous studies showing the economic costs of Brexit and the weight of academic opinion backs these estimates. However, the Vote Leave campaign does have a small group of economists who claim that the UK can be better off if it leaves the EU.

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Post-Crisis Tourism

Date: 15 June 2016

Citizens of the U.S. and the world were deeply shocked and saddened when a gunman shot and killed about 50 patrons at an Orlando nightclub this past weekend.  While the shooter’s primary targets were the people enjoying an evening out, a secondary object of such incidents is typically tourism, with the aim of terrorizing a population so much that people don’t travel there, thereby harming the economy.

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Microsoft and LinkedIn are now Connected

Date: 15 June 2016

Microsoft CEO Satya Nadella has explained the rationale behind the tech company’s plans to buy LinkedIn for US$26.2 billion.  In a letter to staff, Nadella said he believes that access to LinkedIn customers will benefit the sales of Microsoft products and in exchange, LinkedIn’s growth would be “accelerated”.

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Euro 2016: More Teams Equal More Money

Date: 10 June 2016

There are two ways of viewing the fact that a record 24 national teams are competing to lift the Henri Delaunay Cup at Euro 2016 in France. Some regard UEFA’s decision to include nearly half of its 55 members as a move to leverage football’s ability to bring people together in a celebration of sport and national identity.

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Small (Business) but Wiry

Date: 10 June 2016

It seems that in Australian politics - and this campaign in particular - everyone loves a small business.  Just before this year’s federal budget, Treasurer Scott Morrison said of small businesses: “they are the hope of the side.”

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The Business Council of Australia is on the Election Hot Seat

Date: 10 June 2016

If the Coalition loses this election there will be some insiders pointing fingers at the Business Council of Australia.  There have been times in the last three years when the Coalition has held the line on policies that looked to experienced observers like political suicide. To understand the power behind the throne a good place to start is the advocacy of Australia’s most powerful business lobby.

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