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Isaac Gross

Isaac Gross

Lecturer, Monash University
Zac Gross is a Lecturer at Monash University and founding member of ‘What if, Australia?’ A forum devoted to ambitious new public ideas for Australia.

Central Banking Series

Rates rise to 1.35% – and there's no stopping now the RBA's on a mission to whip inflation

Jul 07, 2022 16:12 pm UTC| Economy Central Banks

There was no suprise in the board of the Reserve Bank of Australia lifting interest rates at its July meeting. The only question was by how much. Would it be a regular increase of 25 basis points? Or a double-whammy of...

Central Banking Series

Game of Loans: the Reserve Bank of Australia loses its heir apparent to Fortescue's green fund

Mar 12, 2022 11:20 am UTC| Economy Central Banks

The Reserve Bank of Australia was roiled today by the resignation of its Deputy Governor Guy Debelle, who is leaving with only six days notice. Dr Debelle said that he was resigning to become chief financial officer of...

Central Banking Series

RBA starts three-year countdown to lift in interest rates

Jul 06, 2021 08:55 am UTC| Economy Central Banks

In line with expectations, the Reserve Bank of Australia has announced it will keep official interest rates on hold at 0.10%. But is also ready to start tapering off its unconventional monetary policy measures...

Negative Rates Series

Negative rates explained: how money for (less than) nothing is helping out the budget

Dec 17, 2020 11:07 am UTC| Economy

A week ahead of Thursdays budget update, it finally happened. Instead of the government paying to borrow in a way that would add to the burden on the budget (as has happened since time immemorial) it actually got paid...

Small businesses are being starved of funds: here's how to make their loans cheaper

Aug 14, 2020 15:49 pm UTC| Economy

The government has widely touted its support for small businesses most notably the provision of loans subsidised by the Reserve Bank. In its economic update on Friday the Reserve Bank talked up its low-cost Term...

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Economy

The pumpkin beer with a wheat base includes cranberry juice for a 5.3 percent ABV brew billed as being light in color with chamomile and cinnamon.

Elysian Brewing and NBCUniversal have collaborated to launch a pumpkin beer with a wheat base dubbed Chucky: A Killer Wit Beer to celebrate the second season of Chuckys TV show. It includes cranberry juice for a 5.3...

Rather than dispose of the bottles at their end of life, the Ball aluminum bottles will be turned into new ones within 60 days.

Ball Corporation will provide its refillable aluminum bottles to the Boomerang Bottling System at resorts, on cruise ships, campuses, and elsewhere, allowing the recycling of bottles. Boomerang will wash, rinse, filter,...

The deal will kick in with Super Bowl LVII on 12th February 2023 in Glendale, Arizona.

The National Football League inked a five-year deal worth $50 million annually with Apple as its new sponsor for its Super Bowl halftime show, to be billed as the Apple Music Super Bowl Halftime Show. The deal will kick...

The NBA’s Phoenix Suns were recently valued at more than US$2 billion by Sportico and US$1.8 billion by Forbes.

Amazon founder Jeff Bezos, ex-Disney CEO Bob Iger, Oracle co-founder Larry Ellison, and Steve Jobss widow Laurene Powell Jobs have been named as parties interested in acquiring the Phoenix franchises after majority owner...

The deal allows the Boston-based Rapid7 to feature its logo on the team playing jerseys and practice tops from the start of the 2022/23 season

The NHLs Boston Bruins have secured their first multi-year jersey patch partnership deal with cybersecurity firm Rapid7. The deal allows the Boston-based Rapid7 to feature its logo on the team playing jerseys and...

Politics

The Senate ratified the Kigali Amendment to the 1987 Montreal Protocol by 69-27.

The United States Senate this week ratified an amendment to the Montreal Protocol that would phase out the use of greenhouse gases contributing to global warming. The chamber ratified the Kigali Amendment that would end...

Truss reportedly informed Israeli foreign minister Yair Lapid about her review of relocating the British embassy to the contested city.

British Prime Minister Liz Truss is reportedly considering moving the British embassy in Tel Aviv to Jerusalem. Truss apparently told Israeli foreign minister Yair Lapid on the sidelines of the UN General Assembly in New...

Iranian President Ebrahim Raisi said the "acts of chaos" in the demonstrations are unacceptable.

The death of 22-year-old Mahsa Amini in the custody of Irans Morality Police has sparked widespread unrest in the country, which has escalated into violence. Iranian President Ebrahim Raisi warned against the violence as...

UN human rights envoy for Myanmar Tom Andrews warned countries not to take any measures that would legitimize the junta's planned elections.

Myanmar has been in a state of unrest since February last year, when the generals seized power in a coup and ousted the countrys elected government. With the junta planning elections that would take place next year, a...

Science

Celltrion will receive US$10 million in milestone payments after successfully passing key stages of the development and approval cycle.

South Koreas Celltrion Inc. will jointly develop and work on the market release with Abpro Corp. of the US on a breast cancer treatment candidate ABP 10 Under the deal, Celltrion will receive US$10 million in milestone...

Current Canadian and American management efforts do not go far enough to decrease entanglement hazards and encourage the recovery of the North Atlantic right whale.

The Monterey Bay Aquariums Seafood Watch program added the American red lobster, caught in both US and Canada to its red list. Other species also added to the list are the snow crab, Atlantic rock crab, and others that...

The microscope unit, which also manufactures industrial endoscopes and x-ray analyzers, will be transferred to Bain on January 4, subject to antitrust regulatory approvals in Japan and elsewhere.

Olympus had agreed to sell its microscope unit to private equity firm Bain Capital for $3.1 billion as it speeds up the overhaul of its business portfolio to focus solely on medical technology The microscope unit, which...

The research team discovered that steamed mealworms emit a strong, corn-like odor, and when grilled or fried, they gave off a shrimp and frying oil-like scent.

South Korean researchers from Wonkwang University have developed a new process that uses edible insects to create meat-flavored seasoning. The research team came up with 98 volatile compounds with varying amounts of...

The resulting thermoplastic resin could be purified through a distillation process to make food-grade potassium lactate.

Wind turbine blades could eventually be recycled into gummies according to a Michigan State University professor, This was discussed during the American Chemical Societys fall conference, which kicked off in Chicago...

Technology

The companies believe more people will spend more in virtual department stores and amusement parks as they spend more time online.

South Koreas retail giants, Shinsegae and Lotte have ignited their competition in the virtual world, which is emerging as new a future growth engine. The companies believe more people will spend more in virtual...

Satya Nadella is ‘very confident’ that Microsoft will get approvals to acquire Activision Blizzard

Microsoft made headlines recently as its proposed Activision Blizzard buyout of nearly $69 billion is undergoing heavy scrutiny from regulators worldwide. But CEO Satya Nadella said he is very confident the deal will be...

CD Projekt Red celebrates ‘Cyberpunk 2077’ for having 1 million daily visitors in the last week

CD Projekt Red revealed that at least one million players have opened Cyberpunk 2077 in the past week. Online charts show that the daily numbers of concurrent players are also climbing up, especially after the release of...

Microsoft’s 2022 Surface event is happening on October 12

Fall is typically the season when the biggest tech companies unveil new flagship products every year. And Microsoft just confirmed that it would once again host a Surface event next month, where it is expected to unveil...

Twitch rejects calls for a 70/30 revenue split and announces it will standardize 50/50 share from subscriptions

Twitch announced upcoming changes to its policy on revenue share from subscriptions. The update, which will be implemented next year, will primarily affect streamers who are under a premium agreement with the...
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