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    Featured Opinion

    Greens a danger to Australian multiculturalism

    If left or right is allowed to politicise multiculturalism for completely cynical reasons, then it starts to unravel.

    The AFR View

    Editorial

    The AFR View

    Travelling on the NDIS credit card

    A whole travel industry, funded primarily by the NDIS, offers holidays to the 650,000 scheme participants, exposing the fundamental weakness in its systems.

    Tom Burton

    Government editor

    Tom Burton

    Why the RBA won’t copy Canada’s interest rate cut

    The economic and interest rate cycle in Australia is quite different to our Canadian cousins, despite the similarity in the structure of the resources-rich, medium-sized economies.

    John Kehoe

    Economics editor

    John Kehoe

    The politics behind the bipartisan U-turn on international education

    Slashing international student numbers will devastate the business models for universities and many other international education providers.

    Red tape driving shift from public markets to private equity

    While the downward trajectory of listed company numbers is a global phenomenon, changes to governance principles have exacerbated this decline here.

    Pharmacists lost 60-day battle, but won war with Chemist Warehouse

    The most powerful lobby group in the nation has convinced Labor to stop its competitor from giving customers a $1 discount on medicines.

    Terry Barnes

    Contributor

    Terry Barnes

    Greens metamorphosis goes well beyond normal politicking

    The party these days bears only a passing resemblance to the political conservation movement started by Bob Brown that fought nobly against habitat destruction.

    Phillip Coorey

    Political editor

    Phillip Coorey

    Modi’s reform wave falls short of majority

    To reach the growth levels of China in its industrialising heyday, he will need to bring his new coalition partners along on a new wave of reform.

    The AFR View

    Editorial

    The AFR View
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    More From Today

    Why calorie counting doesn’t work

    If you eat fewer calories than you burn, surely you will lose weight? The truth is that it’s a waste of time – and sets people up for failure.

    • 1 hr ago
    • Tim Spector
    Canada and Europe have started cutting rates.

    ECB’s historic cut was completely expected and still surprising

    With Canada and Europe moving this week, does the RBA now have more room to deliver the rate cut many Australian households and investors crave?

    • 1 hr ago
    • James Thomson
    We played fast and loose with the facts, particularly regarding Donald Trump.

    How Donald Trump was created by a reality TV show

    The Apprentice was an American fraud that ballooned beyond its creators’ wildest imaginations, one of the producers of the show says.

    • Bill Pruitt
    Nigel Farage at a press conference in London on Monday (Tuesday AEST) to announce that he will become leader of Reform UK and stand for the House of Commons.

    ‘I’m giving British voters an alternative to this failed elite’

    Britain’s most prominent far-right political leader explains why he is going after the Tory party.

    • Nigel Farage
    Voice notes are a highly divisive medium of communication – but it seems the haters are losing the battle.

    Voice notes are taking over the internet. Here are some rules

    As billions of the messages are sent daily, the recipient of a one-minute group voice message (directed at someone else) explains how to make them inoffensive.

    • Jemima Kelly
    Advertisement

    Yesterday

    IDP Education has been whacked by immigration crises in Australia,   Canada and the UK, but CEO Tennealle O’Shannessy says the dynamics are short term and cyclical, and the company is well-placed to weather the storm.

    How short sellers won big on story of housing market pain

    IDP Education plunged after the full extent of immigration restrictions in Australia, Canada and Britain became clear. It hopes the pain will be short-lived, but that will depend on house prices.

    • Updated
    • James Thomson
    Newmont CEO Tom Palmer: “Capital will go elsewhere if we don’t get ourselves organised in Australia.”

    How Australia could miss its giant copper prize

    Newmont boss Tom Palmer is bullish on gold, but it’s copper that really has him excited.

    • James Thomson
    Narendra Modi is set to become only the second prime minister in India’s history to return to office for the third straight term.

    Modi is still the boss

    Readers letters on the taxation system; Narendra Modi’s win in the Indian election; migration cuts; and tensions in Australia over the Gaza war

    European Central Bank boss Christine Lagarde is expected to announce a rate cut on Thursday.

    Investors cheer as interest rate pain finally appears to be easing

    Investors now expect the Federal Reserve will cut rates in September, amid growing signs economic activity is faltering. And that’s pushing markets higher.

    • Karen Maley
    Hedge fund manager Lee Ainslie is feeling bullish about the environment for stock pickers.

    Forget Wall Street’s deceiving new record, recession debate is back

    The unstoppable Nvidia might be propelling Wall Street to new highs, but there’s a growing debate about whether US recession fears will revive the infamous “Fed put”.

    • James Thomson
    Hunter Biden and his wife, Melissa Cohen Biden, leave federal court.

    Why Trump, and not Hunter Biden, is trashing America’s courts

    Treating the rule of law as a partisan issue is the mark of a corroded political culture.

    • Edward Luce

    This Month

    RBA governor Michele Bullock at a Senate committee hearing.

    Chalmers hopes wage increases, tax cuts will lift spirits

    The treasurer claims the weak economy shows why the government’s budget strategy was exactly right. Voters are likely to have a different opinion.

    • Jennifer Hewett
    This is what Reserve Bank governor Michele Bullock was referring to just before Wednesday’s national accounts.

    The slump Australia must have after the bounce-back

    Confusing revisions within the national accounts suggest that things are not as dire as the misleading talk about a per capita recession.

    • The AFR View
    Investors are chasing rising bitcoin prices, and expect the exuberance to continue.

    What big investors want in the puzzling ESG era is pretty simple

    Making money is hard, let alone doing it when the goalposts are shifting around. But boards should never forget what drives investors.

    • Anthony Macdonald
    Many skilled migrants are working in jobs for which they are overqualified.

    Hasty immigration cuts may escalate crises

    Readers letters on proposed immigration cuts; Bill Shorten’s handling of the National Disability Insurance Scheme; and the productivity push

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    Barrenjoey’s interest rate strategist Andrew Lilley says the March GDP data will make the RBA “less confused”.

    Investors’ big worry from GDP data isn’t what you think

    The March quarter GDP numbers suggest a whiff of stagflation in the air. But the real story is of surprising economic resilience.

    • James Thomson
    The debate over default pensions will be an important one in the next 12 months.

    Why KKR’s Colonial First State calls default pension plan ‘dangerous’

    Colonial First State chief executive Clive van Horen says the wealth and super giant is back in growth mode. But he’s not shying away from a big super debate. 

    • Updated
    • James Thomson
    Treasurer Jim Chalmers and RBA governor Michele Bullock.

    Why weak GDP is not the full picture for the RBA

    The economy is barely crawling, but weak 0.1 per cent quarterly growth should be considered a Goldilocks scenario for Treasurer Jim Chalmers and the Reserve Bank.

    • John Kehoe
    Students need more than a few months to prepare for stays of three to four years.

    Let’s wait before we make rash decisions on foreign students

    Universities are being asked to fix a housing problem they did not create, and the government’s haste will massively disrupt thousands of students’ lives.

    • Mark Scott
    The energy transition and digitisation are the big themes for the rest of this decade, although both are only as good as government policy settings.

    Beware the knock-on effect of ‘sensible’ decisions like Eraring

    If we want private capital to transition Australia’s power grid, we need to remember the ground rules.

    • Anthony Macdonald
    Narendra Modi can survive a mild rebuke from voters after his image became detached from reality.

    Modi has just learned that hype can only carry you so far

    Much of India looks very different from 2014 and the pre-Modi era. But much of it looks the same, and even populists have to deliver.

    • Mihir Sharma
    Federal Treasury office building.

    Treasury is addicted to income tax to fund spending

    Virtually everyone is protected by the government from inflation eroding their real incomes, except the humble wage earner.

    • John Kehoe