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Peter Martin1

Visiting Fellow, Crawford School of Public Policy, Australian National University
Peter Martin is Business and Economy Editor of The Conversation and a visiting fellow at the Crawford School of Public Policy at the ANU.

A former Treasury official with an honours degree in economics, he has worked as the economics correspondent for ABC radio, as the ABC's Tokyo correspondent and as economics editor of The Age.

With Dr Gigi Foster of UNSW he created The Economists podcast on ABC Radio National. In 2016 he was made a Distinguished Alumni of Flinders University in recognition of his contribution to the community's understanding of economics.

What made rents soar? It might have been COVID, and pairing off

Apr 11, 2023 11:21 am UTC| Economy Real Estate

So, you think you know why rents climbed. You probably think was skyrocketing interest rates and a tsunami of migration. Its true that interest rates have jumped more over the past year than at any time on record,...

Pensioners and homeowners pay capital gains tax in real-time – it's time the richest Australians did too

Mar 15, 2023 15:56 pm UTC| Economy

In drawing up his plans to more effectively tax large superannuation accounts, Treasurer Jim Chalmers might have stumbled upon a really good idea. If applied more broadly, it could at last tax rich Australians in...

Top economists' forecasts: Higher interest rates, falling home prices and real wages, but no recession

Feb 05, 2023 04:05 am UTC| Economy

Australias Reserve Bank is set to push up rates once again at its first meeting for the year on Tuesday, according to all but two of the 29 leading economists surveyed by The Conversation at the start of 2023. Those...

Central Banking Series

This latest increase in RBA interest rates might well be the last, for some time

Dec 08, 2022 10:59 am UTC| Central Banks Economy

You might not know it from reading Tuesdays statement announcing Australias eighth consecutive increase in interest rates, but our Reserve Bank might finally have done enough. The statement says inflation is still too...

Central Banking Series

Why does the RBA keep hiking interest rates? It's scared it can't contain inflation

Aug 03, 2022 00:55 am UTC| Economy Central Banks

There are signs inflation pressures are easing. Oil prices are down almost 20% on their peak in March. Theyve been falling consistently for a month. The average capital city unleaded price is down from A$2.11 per litre...

Central Banking Series

Top economists expect RBA to hold interest rates low in 2022, as real wages fall

Feb 02, 2022 09:26 am UTC| Economy Central Banks

Australias leading forecasters expect the Reserve Bank to resist pressure to lift interest rates all year, despite rising interest rates overseas, much higher inflation, plunging unemployment, and financial market traders...

Unemployment below 3% is possible for the first time in 50 years – if Australia budgets for it

Feb 02, 2022 08:57 am UTC| Economy

Whats the boldest thing the Morrison government could do in next months budget? It would be to forecast an unemployment rate below 4% (a rate of three-point-something), then to pledge to go further, to...

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Economy

Pokémon Shirts Sale Ends as Original Stitch Shuts Down Its Business

Pokemon Shirts brand was only launched four years ago under the Original Stitch label. The new line of dress shirts was successful upon debut and offered many designs to customers. The brand also expanded its Pokemon...

Apple to Shutdown My Photo Stream Service in July

Apple Inc. is reportedly discontinuing its My Photo Stream service because it is no longer necessary. This is because the iPhone maker is already offering iCloud Photos, which provides the same function. According to PC...

Porsche Debuts Two New eBike in Collaboration With Rotwild

Porsche AG, a German vehicle maker that specializes in high-performance luxury sports cars, sedans, and SUVs, has expanded its business to include the production of eBikes. Now it has added two new models of electric bikes...

POSCO to Create Own ChatGPT AI Tool Alternative for Internal Use

POSCO Group, a leading steel manufacturer based in South Korea, revealed it will create its own AI tool thatll replace OpenAIs ChatGPT in the company. With this move, the company just joined LG Electronics and Samsung...

Mid-Flight Incident Leads Asiana Airlines to Suspend Sale of Emergency Exit Seats

Asiana Airlines made the decision to suspend the selling of tickets for seats near the aircrafts emergency exit doors. This comes after a passenger suddenly unlocked the hatch while the plane was in mid-air. As per The...

Politics

UK: Health Minister Says Government Will Not Negotiate on Pay With Nurses' Union Amidst Strikes

British health minister Steve Barclay said the government would not be negotiating with the nurses union on pay. The comment comes as the government faces further strike action by workers in key sectors. On Sunday,...

South Korea Court Issues Arrest Warrant for Man Who Opened Plane Door Mid-Air

A court in South Korea has reportedly issued an arrest warrant for the man aboard an Asiana Airlines flight who opened the plane door mid-air. The man was charged with violating the Aviation Security Act. South Koreas...

UK: Northern Ireland Police Charge Seven Men With Attempted Murder of Detective

The police in Northern Ireland have charged seven men with attempted murder following the shooting of a senior detective in the region. This comes as law enforcement has been sporadically attacked by fringe groups in the...

US: Biden, McCarthy Reach Deal to Raise Debt Ceiling

Following several rounds of talks, US President Joe Biden and Republican House Speaker Kevin McCarthy have reached a deal that would clear the way for Congress to raise the debt ceiling. The deal is likely going to draw...

Afghanistan: Three Killed in Clash at Iran-Afghanistan Border

A clash at the border Afghanistan shares with Iran has resulted in at least three people being killed. While the cause of the conflict was not determined, it also comes at a time when the neighboring countries are at odds...

Science

Astronomers detected two major targets with a single telescope – a mysterious signal and its source galaxy

Astronomers have been working to better understand the galactic environments of fast radio bursts (FRBs) intense, momentary bursts of energy occurring in mere milliseconds and with unknown cosmic origins. Now, a study...

Biodegradable plastic in clothing doesn't break down nearly as quickly as hoped – new research

Plastic pollution has emerged as one of the most pressing environmental challenges of our time. Over 100 million tonnes of plastic enters the environment each year, with more than 10 million tonnes ending up in our oceans....

Gravitational wave detector LIGO is back online after 3 years of upgrades – how the world's most sensitive yardstick reveals secrets of the universe

After a three-year hiatus, scientists in the U.S. have just turned on detectors capable of measuring gravitational waves - tiny ripples in space itself that travel through the universe. Unlike light waves, gravitational...

Why don't rocks burn?

While many rocks dont burn, some of them do. It depends on what the rocks are made of and thats related to how they were formed. There are three main rock types: igneous, sedimentary and metamorphic. These rocks are...

Quantum physics proposes a new way to study biology – and the results could revolutionize our understanding of how life works

Imagine using your cellphone to control the activity of your own cells to treat injuries and disease. It sounds like something from the imagination of an overly optimistic science fiction writer. But this may one day be a...

Technology

Bandai Namco Issues Apology for Unintentional 'Tekken 8' Bryan Fury Reveal

Japanese gaming giant Bandai Namco accidentally spills secret details of their highly anticipated game, Tekken 8, revealing a fresh addition to the games fighter roster. Bandai Namco admitted that it was responsible for...

Nexon announces $874 million investments in Bandai Namco, Konami, Hasbro, and Sega Sammy

US Solicitor General Backs Google in Supreme Court Song Lyrics Case

US Solicitor General Elizabeth Prelogar said that the US Supreme Court should not review a 2nd U.S. Circuit Court of Appeals ruling in favor of Alphabets Google LLC against song-lyric website Genius over alleged copying...

US Solicitor General Urges Supreme Court To Reject Appeal of Apple-Caltech Patent Case

US Solicitor General Elizabeth Prelogar urged the US Supreme Court to reject Apple Inc and Broadcom Incs appeal of their $1.1 billion trial loss to the California Institute of Technology in a patent infringement...

AI is helping us read ancient Mesopotamian literature

[… who s]aw the Deep, […] the country, [who] knew […], […] all […] [… who] saw the Deep, […] the country, [who] knew […], […] all...

What is 'ethical AI' and how can companies achieve it?

The rush to deploy powerful new generative AI technologies, such as ChatGPT, has raised alarms about potential harm and misuse. The laws glacial response to such threats has prompted demands that the companies developing...

Digital Currency