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The death of Keynesian economics: How government stimulus could hurt Australia

In this week's interview, RMIT economist Steve Kates talks about the death of Keynesian economics. He shares the growing view that stimulus packages around the world have increased debt, have not reduced unemployment and have made the crisis worse. He warns that Australia will feel the impact over the next year when China starts unwinding its stimulus package.

Treasury chief Ken Henry should be replaced, while Gillard seeks new economic advisers

In this week's overview of the economy, RMIT economist Sinclair Davidson voices the belief that Treasury chief Ken Henry is likely to be replaced, while Julia Gillard seeks new economic advisers. He says the Gillard Government will need to slash spending to bring about the budget surplus she says the government is committed to achieving.

The mining tax does not ‘stack up’, government spending crowds out private investment and...

Talking Business is a weekly 15-minute podcast review of the Australian economy, presented by seasoned business journalists Leon Gettler and Garry Barker, produced in association with the RMIT College of Business. It features interviews with prominent business leaders and expert analysis from RMIT academics, such as Sinclair Davidson

The mining tax does not 'stack up', government spending crowds out private investment and...

Talking Business is a weekly 15-minute podcast review of the Australian economy, presented by seasoned business journalists Leon Gettler and Garry Barker, produced in association with the RMIT College of Business. It features interviews with prominent business leaders and expert analysis from RMIT academics, such as Sinclair Davidson

Talking Business: The Australian Economy [7 June 2010, PODCAST]

Leon and Garry talk about the Australian share market and its worst May performance in 26 years, driven largely by the panic in Europe. This may explain why the RBA has kept interest rates on hold. However, the respite might be short lived with Australian exports surging by the most in three decades and inflation gathering pace. Australian GDP grew by 0.5% for the first three months, driven largely by Government spending.

What is GDP and what is contributing to its growth in Australia? [PODCAST]

RMIT economist Alberto Posso talks about Australia’s GDP rising 0.5%, raising questions about the Government spending crowding out private sector investment. He also looks at the drop in mining investment and asks whether manufacturing and agriculture can level the balance.

Australian business investment returning back to 2008 levels [PODCAST]

RMIT economist Steve Kates talks about business investment, which is headed back to 2008 levels. He also looks at construction activity which appears to be flat with reduced investment in residential housing. This will exacerbate the housing shortage. He predicts high debt levels will drive inflation around the world as governments are forced to print more money to stay afloat.

NSW seeks young entrepreneurs for Round Table series

Are you a business owner under 35 living in New South Wales? Industry & Investment NSW is inviting young NSW entrepreneurs to a Round Table event on Friday 4 Jun 2010 (3pm to 5pm). This event was developed to help the NSW Government gain a better understanding of the hurdles and expectations of young people who are starting and running a business.

The budget, the mining tax, falling shares… why is the government “all over the...

RMIT economist Sinclair Davidson talks about the latest employment figures, which look positive. He criticises the mining super tax, saying the government is all over the place on the issue and questions assertions in the Federal Budget that we are headed back for a surplus.

The budget, the mining tax, falling shares… why is the government "all over the...

RMIT economist Sinclair Davidson talks about the latest employment figures, which look positive. He criticises the mining super tax, saying the government is all over the place on the issue and questions assertions in the Federal Budget that we are headed back for a surplus.

So you have a great idea that could make a lot of money, but...

It’s one thing to have a great idea that could potentially make you a lot of money or serve a social purpose, but it’s another to get that idea off the ground. To transform your idea into reality, you will need determination and, just as importantly, you will need funding.

Commercialisation Australia CEO announced

After months of speculation, Innovation Minister Senator Kim Carr today announced that the new CEO of Commercialisation Australian will be entrepreneur and venture capitalist, Doron Ben-Meir.

Ernst & Young Entrepreneur of the Year Award Australia 2010

The Ernst & Young Entrepreneur of the Year awards is one of the most prestigious awards for business in Australia. The purpose of the Entrepreneur of the Year award is to recognize excellence in entrepreneurial achievement and business leadership. Established internationally twenty-four years ago, The Ernst and Young Entrepreneur of the Year contest is currently held in over 50 different countries.

Ernst & Young Entrepreneur of the Year Award Australia 2010

The Ernst & Young Entrepreneur of the Year awards is one of the most prestigious awards for business in Australia. The purpose of the Entrepreneur of the Year award is to recognize excellence in entrepreneurial achievement and business leadership. Established internationally twenty-four years ago, The Ernst and Young Entrepreneur of the Year contest is currently held in over 50 different countries.

Quote: Eugene McCarthy on bureaucracy

“The only thing that saves us from the bureaucracy is its inefficiency.” –– Former US Democratic Senator from Minnesota, Eugene McCarthy.

A formal response to our rabble rousing from Senator Carr’s office

Following our recent series of articles on innovation in Australia (our Australia Day series), we received the following note from the Office of Senator Kim Carr, Australia’s Innovation Minister. We were expecting a dressing down. Here's what we got instead.

A formal response to our rabble rousing from Senator Carr's office

Following our recent series of articles on innovation in Australia (our Australia Day series), we received the following note from the Office of Senator Kim Carr, Australia’s Innovation Minister. We were expecting a dressing down. Here's what we got instead.

Romania eyes fast food tax to reverse national waistline inflation

Thomas Jefferson once said that “the price of freedom is eternal vigilance”. However, in the case of Romania’s post-communist population, the price is also size 52 trousers. In stark contrast to the lean Eastern Bloc days, half of Romania’s population is now overweight. Apparently, a burger, fries and jumbo soda became the cherished trophies of Cold War liberation.

Public feedback sought for proposed Federal R&D Tax Concession changes

As part of the Federal Government’s dramatic overhaul of its commercialisation program, now called Commercialisation Australia, the R&D Tax Concession will replace the R&D Tax Credit from 1 July, 2010.

Public feedback sought for proposed Federal R&D Tax Concession changes

As part of the Federal Government’s dramatic overhaul of its commercialisation program, now called Commercialisation Australia, the R&D Tax Concession will replace the R&D Tax Credit from 1 July, 2010.

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New Zealand’s Xero eyes US IPO, further disruption as subscribers increase...

Xero recently held its annual meeting in Wellington, during which the company revealed some interesting details about its future. As has been widely suspected, the...

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