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John Hawkins1

Senior Lecturer, Canberra School of Politics, Economics and Society, University of Canberra
I have a PhD in political science and Masters degrees in Economics and Applied Finance. I have headed the economics division at the Hong Kong Monetary Authority and been a senior economist with the Reserve Bank of Australia, Bank for International Settlements and Australian Treasury and secretary to the Senate Economics Committee.

Imagine if each of us could direct where our taxes were spent. Meet TaxTrack

Oct 24, 2022 17:26 pm UTC| Economy

Ahead of this weeks budget, Treasurer Jim Chalmers says he wants Australians to prepare for a serious conversation about how to pay for the services we need. Weve developed a proposal to make that conversation more...

Digital Currency Revolution

Cryptocurrencies are great for gambling – but lousy at liberating our money from big central banks

Jul 04, 2022 16:27 pm UTC| Digital Currency

The dream that decentralised finance or DeFi can free the monetary system from the clutches of governments and banks has helped launch 20,000 cryptocurrencies. But with 2022 proving to be more of a crypto-nightmare ...

Oil in Global Economy Series

What will the fuel excise cut save you? Not as much as the Treasurer says

Apr 05, 2022 11:52 am UTC| Economy

As an appeal to middle Australia, to the voters politicians routinely describe as working families or battlers, the Morrison governments centrepiece budget move to halve the fuel excise for six months has obvious...

How to camouflage $150 billion in government spending? Call it 'tax expenditure'

Feb 08, 2022 03:38 am UTC| Economy

This financial year the Australian government plans to spend at least A$150 billion on so-called tax expenditures tax concessions or exemptions applying to particular activities or classes of taxpayer. And thats just...

Digital Currency Revolution

What is Bitcoin's fundamental value?

Nov 13, 2021 07:44 am UTC| Digital Currency Investing

As it hits new highs, there is no shortage of bold predictions about Bitcoin reaching US$100,000 or more. Often these are based on not much more than extrapolations by people with vested interests: the price has gone up...

Digital Currency Revolution

Can Bitcoin become a real currency? Here's what's wrong with El Salvador's crypto plan

Jun 14, 2021 04:04 am UTC| Digital Currency Investing

Nayib Bukele, president of El Salvador, has got himself a pair of laser eyes on his Twitter profile at least. Laser eyes are something social media users give themselves to show they love cryptocurrency and Bukele...

The Low and Middle Income Tax Offset has been extended yet again. It delivers help neither when nor where it's needed

May 16, 2021 11:15 am UTC| Investing Law

The Low and Middle Income Tax Offset (known as the LMITO or lamington) has been given yet another new lease of life. What started in 2018 as a stop-gap until broader tax cuts were introduced, was extended because of...

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Economy

Gold Prices Slip Slightly but Stay Near Record Highs Amid U.S.-China Tariff Tensions

Gold prices edged lower in Asian trading on Tuesday, but continued to hover near record highs as demand for safe-haven assets remained strong amid escalating U.S.-China trade tensions. Spot gold dipped 0.4% to $3,224.60 an...

Dollar Near Multi-Year Lows Amid Tariff Uncertainty and Investor Caution

The U.S. dollar held steady on Tuesday but remained close to a three-year low against the euro and a six-month low against the yen as investors navigated ongoing volatility in U.S. trade policy. The greenback was last up...

South Korea Boosts Semiconductor Support to $23B Amid U.S. Tariff Concerns

South Korea has expanded its support package for the semiconductor industry to 33 trillion won ($23.25 billion), marking a 27% increase from the 26 trillion won initiative announced in 2023. The move comes as global chip...

Wall Street Futures Dip Amid Tariff Uncertainty and Trump’s Shifting Trade Policy

U.S. stock index futures fell Monday evening as investor uncertainty grew over President Donald Trumps unpredictable trade policy. The dip followed two days of gains on Wall Street, driven by Trumps temporary tariff...

South Korea and Vietnam Strengthen Trade Alliance to Counter U.S. Tariff Risks

South Korea and Vietnam agreed to expand economic cooperation on Monday in a bid to counter looming U.S. tariffs that could significantly impact both nations. South Korean Industry Minister Ahn Duk-geun, during a visit to...

Politics

Singapore Sets May 3 for Crucial General Election

Singapore will hold its next general election on May 3, according to an official statement released by the countrys election commission on Tuesday. The announcement sets the stage for a closely watched vote that could...

China Highlights Global Trade Openness at Hainan Consumer Expo

China reaffirmed its commitment to open trade and investment partnerships during the China International Consumer Products Expo (CICPE) this week, signaling resilience amid global economic uncertainties. Speaking at a...

China Slams U.S. Over Latin America Debt Accusations

The Chinese embassy in Argentina has strongly condemned recent remarks by U.S. Treasury Secretary Scott Bessent, accusing him of maliciously slandering and smearing Chinas international partnerships. The embassy labeled...

Legal Challenge Filed Against Trump’s Tariffs by U.S. Businesses

A legal advocacy group has filed a lawsuit to block President Donald Trumps recent tariffs, claiming he exceeded his constitutional authority. The Liberty Justice Center, a nonpartisan nonprofit, brought the case to the...

Iran-Russia Meeting Precedes Second Round of U.S. Nuclear Talks

Iranian Foreign Minister Abbas Araqchi is set to visit Russia this week ahead of a second round of nuclear negotiations between Tehran and Washington. The talks, aimed at resolving Irans long-standing nuclear standoff,...

Science

Kennedy Sets September Deadline to Uncover Autism Causes Amid Controversy

U.S. Health and Human Services Secretary Robert F. Kennedy Jr. announced a bold plan to identify the cause of autism by September 2025. Speaking at a cabinet meeting with President Donald Trump, Kennedy declared a global...

AstraZeneca’s Imfinzi Gets US Approval for Bladder Cancer Treatment

AstraZenecas drug Imfinzi (NASDAQ: AZN) has received U.S. approval to treat adult patients with muscle-invasive bladder cancer, a significant advancement in cancer therapy. The approval allows Imfinzi to be used in...

Sanofi’s New Hemophilia Drug Qfitlia Gains FDA Approval with Breakthrough Bimonthly Dosing

The U.S. Food and Drug Administration (FDA) has approved Qfitlia, a groundbreaking hemophilia treatment by French pharmaceutical giant Sanofi (NASDAQ: SNY). Designed for patients aged 12 and older with hemophilia A or B,...

FDA Vaccine Chief Peter Marks Resigns Amid Controversy Over Transparency

Peter Marks, the U.S. Food and Drug Administrations (FDA) top vaccine official, has resigned after reportedly being forced out by the Department of Health and Human Services (HHS), according to The Wall Street Journal....

Museums have tons of data, and AI could make it more accessible − but standardizing and organizing it across fields won’t be easy

Ice cores in freezers, dinosaurs on display, fish in jars, birds in boxes, human remains and ancient artifacts from long gone civilizations that few people ever see museum collections are filled with all this and more....

Technology

TSMC Nears Breakthrough in Advanced Chip Packaging to Power AI Growth

Taiwan Semiconductor Manufacturing Co. (TSMC), the worlds leading contract chipmaker, is nearing completion of a cutting-edge chip packaging technology to meet surging demand for high-performance AI chips, according to...

Blue Origin Boosts Space Tourism with Katy Perry on Historic All-Female Flight

Pop star Katy Perry and five other trailblazing women successfully completed a historic suborbital spaceflight aboard Blue Origins New Shepard rocket on April 14, marking the first all-female space mission in over 60...

AMD Ready to Begin Chip Production in Arizona Amid AI Server Expansion

Advanced Micro Devices (NASDAQ:AMD) CEO Lisa Su confirmed on Tuesday that the company is prepared to begin chip production at its Arizona facility. Speaking at National Taiwan University in Taipei, Su emphasized AMDs...

Nvidia to Manufacture AI Supercomputers in the U.S. with TSMC and Foxconn

Nvidia (NASDAQ: NVDA) announced plans to manufacture AI supercomputers entirely in the U.S. for the first time, marking a major shift in its production strategy. The company has secured over one million square feet of...

Trump to Reveal Semiconductor Tariff Strategy on Monday

U.S. President Donald Trump announced he will unveil his administrations stance on semiconductor tariffs this coming Monday. Speaking to reporters aboard Air Force One on Saturday, Trump said, Ill give you that answer on...