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Brendan Coates

Fellow, Grattan Institute

Brendan is a fellow at the Grattan Institute. Before joining Grattan, Brendan worked with the World Bank in Indonesia, and prior to that, he undertook a number of roles with the Australian Treasury, including as part of the Treasury’s China Policy Unit. Brendan holds a Masters of International Development Economics from the Australian National University and Bachelors of Commerce and Arts from the University of Melbourne.

Now we'll need $100-$120 billion. Why the budget has to spend big to avoid scarring

Sep 09, 2020 06:33 am UTC| Economy

Australia is in for a long and damaging economic slump, unless governments inject substantially more fiscal stimulus. The July budget update forecast that unemployment would hit 9.25% in coming months. The Treasury...

Early access to super doesn’t justify higher compulsory contributions

Aug 09, 2020 22:44 pm UTC| Economy

A big part of the Morrison governments response to COVID-19 has been allowing people early access to their superannuation. Australians who have claimed hardship have applied for A$30.7 billion to date. This has been...

Money for social housing, not home buyers grants, is the key to construction stimulus

Jun 03, 2020 15:15 pm UTC| Economy

Theres no doubt Australias construction industry is facing tough times. COVID-19 has caused migration to slow to a trickle. Some 2.6 million Australians have either lost their jobs or had their hours cut in the past two...

Think superannuation comes from employers' pockets? It comes from yours

Feb 03, 2020 12:17 pm UTC| Insights & Views Economy

A key question for the governments retirement incomes review is who ultimately pays for compulsory super contributions, especially since they are set to climb from 9.5% of wages to 12% over the next five years. Legally,...

Rudd's rental affordability scheme was a $1 billion gift to developers; Abbott was right to axe it

Sep 10, 2019 20:38 pm UTC| Insights & Views Real Estate Politics

Most Australians are spending more of their income on housing than they used to, but low-income households are being squeezed the hardest. Many are in poverty, and many more are suffering financial stress. A growing...

$20 billion per year. That's how much higher superannuation could take from wages

May 03, 2019 17:10 pm UTC| Insights & Views Economy

Stagnant wages are a huge issue in this election campaign. So it is odd that both major parties are hanging onto a policy that will take more out of workers pockets. Lifting compulsory superannuation contributions...

Why we should worry less about retirement - and leave super at 9.5%

Nov 08, 2018 17:29 pm UTC| Insights & Views Economy

Its conventional wisdom that Australians dont save enough for retirement. Most workers themselves think they wont have enough to retire on, and their concerns are rising. But the conventional wisdom is wrong. Our new...

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Economy

Afghanistan inks $160 million solar and wind power deal with US, Turkey, India.

Afghanistan signed a $160 million solar photovoltaic and wind power project deal with the US Agency for International Development (USAID), Turkey, and India that will bolster its grid by 110 megawatts in the next 16...

UAE, Israel eye energy, infrastructure cooperation

The energy ministers of the UAE and Israel explored possible investment opportunities in energy, infrastructure, oil, gas, and renewable energy in a video call on Wednesday. The two countries also focused on advanced...

S. Korean healthcare and cosmetics exports surge 42% in August

South Korea exported US$1.69 billion worth of pharmaceuticals, cosmetics, and medical devices in August, up 42 percent from a year ago. According to data from the Korea Health Industry Development Institute (KHIDI), the...

CaixaBank's acquisition of Bankia to create Spain's largest bank

CaixaBank will acquire state-owned Bankia in an all-share deal that would create Spains largest bank with total assets exceeding $786.6 billion. The deal will help the companies tackle dwindling profitability due to the...

Dubai’s DP World to work with Israel’s DoverTower in bid for Haifa Port

Dubai state-owned DP World is teaming up with Israels DoverTower in a joint venture that will bid in the privatization and to conduct a study on opening a direct shipping line between the two Middle East states. Haifa...

Politics

World War 3 Shock: US readies nuclear arms amidst ongoing talks of nuclear arms treaty extension with Russia

The nuclear arms treaty that the United States has with Russia is set to expire in 2021, and with the tensions between the two countries, any further escalations could lead to an all-out conflict or world war 3. But fears...

Joe Biden Nomination: UK Labor MP Chris Bryant nominates former VP for Nobel Peace Prize

Joe Biden faces off with Donald Trump in the first of three presidential debates, which could help him maintain his steady lead in the public opinion polls in several swing states. Along with his opponent, Biden has also...

Donald Trump announcement: POTUS reveals plan to distribute 150 million rapid COVID-19 tests

The United States is still struggling with the ongoing COVID-19 pandemic with millions infected and over 200,000 Americans dead from the disease. This week, Donald Trump announced his administrations plan of distributing...

Ivanka Trump, Donald Trump could face imprisonment, says former Watergate prosecutor

White House adviser Ivanka Trump was among the names dropped in the New York Times piece that revealed her father Donald Trumps financial records. Nick Akerman, who served as a prosecutor during the Watergate proceedings,...

Melania Trump, Jill Biden meet for the first time at first presidential debate

First lady Melania Trump often keeps a low profile when it comes to her husband Donald Trumps campaigning for reelection, having only made her case for him at the Republican National Convention. With Donald Trump facing...

Science

Mars mission discovery: Bodies of water found under the surface of Red Planet's south pole

It has long been believed that Mars once had bodies of liquid water long ago before it became the dry desert that we know today. As agencies like NASA prepare for an upcoming Mars mission, the European Space Agency or ESA...

Asteroid alert: Rock similar to Chelyabinsk meteor to pass by Earth today

There is a very minute chance of an asteroid posing a threat to Earth, especially in recent years. One asteroid is set to make its approach to Earth today but will not pose a threat to the planet. Known as 2020 SV5, the...

NASA: Chandra X-Ray Observatory turns images of Milky Way galaxy into sound

Astronauts and scientists are the only ones who have been able to hear the sounds of space and the universe. Now, everyone can be able to hear what the Milky Way sounds like thanks to NASAs Chandra X-Ray...

Aliens: ROCOSMOS astronaut claims first meeting will intelligent extraterrestrial life forms would be diplomatic

Even as space agencies are looking for signs of life in the form of microbes, there may still lie the possibility of meeting actual extraterrestrials or intelligent beings outside Earth. In case the latter happens, a...

NASA releases image of the universe taken by the Hubble Space Telescope

We have long known that the universe is massive, larger than we could ever imagine. However, it does pose the question as to how big it actually is, and NASA has released a photo capturing the universe we live in in its...

Technology

Motorola Razr 2020 arrives on Oct. 2 with up to $700 discount on T-Mobile

The Motorola Razr 2020 is almost here, and T-Mobile appears to have one of the best offers that could get its customers up to 50% discount. It is also worth noting that the upcoming smartphone will have a number of specs...

‘Cyberpunk 2077’ last phase of development sends CD Projekt Red in a crunch

CD Projekt Red has maintained that Cyberpunk 2077 will remain in its current release date set in November. With just more than a month left, however, a report emerged claiming the studio has required its developers to work...

iOS 14.2 beta 2 code hints at iPhone 12 boxes not having free EarPods

A recent update on the iOS 14 has reportedly contained codes that seem to correspond with an earlier about the iPhone 12. The codes in question dropped a crucial word and now suggests the new smartphones will be shipped...

‘Mass Effect: Legendary Edition’ is delayed to ‘early 2021’

The Mass Effect trilogy in its remastered state has been on top of the wish list of its avid fans for years. Unfortunately, they will need more patience as the Mass Effect: Legendary Edition is now reportedly scheduled for...

‘Final Fantasy 16’ gets provisional M age rating

More information is being released since Final Fantasy 16 was announced during the PlayStation 5 event earlier this month. One of them includes its age rating that indicates the titles content, visuals, and gameplay are...