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Mon, Jan 18, 2021 09:38 AM All times are UTC Edition :

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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

S. Korea's rechargeable battery exports up 2.9% to 7.2 trillion won in 2020

South Korea shipped 7.2 trillion won worth of rechargeable batteries overseas last year, up 2.9 percent from the year before. Lithium-ion batteries used in electric vehicles (EVs) surged 10.6 percent on-year to 1.3...

JPMorgan leans on trading, investment banking to boost profits

JPMorgan Chase Cos net income rose to $12.1 billion, or $3.79 per share, in the quarter ended Dec. 31, from the previous years $8.5 billion, or $2.57 per share. The performance also surpassed its expected earnings of...

Xi Jinping urges Starbucks and its chairman emeritus Howard Schultz to help improve US-China ties

Xi Jinping, the president of the Republic of China, reportedly called on Starbucks to help patch things up and restore its ties with the U.S. To be more exact, the Chinese president was said to have asked the former CEO of...

French govt opposes foreign group's takeover of Carrefour

France is opposing any takeover of retailer Carrefour by a foreign company to preserve its food security and sovereignty, said French Finance Minister Bruno Le Maire. According to Maire, the acquisition by a foreign...

Electric car sales in China reportedly skyrocket by 10%

The electric car market in China is growing, and in fact, it was reported that the country achieved a 10% increase in its EV sales last year. The data was only revealed this week as the computation of sales cant be...

Politics

Joe Biden news: Incoming POTUS says scientific advisers would follow facts and science

Incoming president Joe Biden is set to be inaugurated in a few days from now but he has continued to unveil more appointees and nominees to his administration. The president-elects announcement of his lineup of scientific...

Donald Trump humiliation: Historians say outgoing POTUS' last year in office will define his legacy

To this day, Donald Trump has refused to be held accountable for the horrific Capitol riots that occurred two weeks ago. As he faces possible conviction from the Senate, historians now weigh in what would define Trumps...

Ivanka Trump reportedly in "panic" over post-White House career

With the Trump administration leaving in a few days to make way for the Biden administration, many are wondering what would prominent Trump officials including Ivanka Trump herself, would pursue later. A new report reveals...

Melania Trump humiliation: Outgoing FLOTUS gets mocked by netizens over closing message for Be Best

Melania Trump has a few days left as the first lady before she turns the title over to Dr. Jill Biden. However, the internet did not fail to remind her of her legacy in the role after she talked about her Be Best...

World War 3: Indian and Chinese armored tanks standoff at contested border

The conflict between India and China surrounding the Himalayan border could turn into a world war 3-type of a situation if not resolved or kept under control. However, tensions have risen between the two countries as of...

Science

Yellowstone volcano: USGS warns of possible eruption

Many scientists are keeping watch over the activity occurring in the Yellowstone volcano because of its potential to inflict large-scale damage in the United States. Now, scientists at the USGS have now warned of a...

Mars mission: NASA scientist says Martians can help humans live on Red Planet

Being able to live on Mars is one of the goals that space agencies all over the world have when it comes to exploring the red planet in future Mars missions. Although it may take a while to figure out how we may be able to...

Black holes: Albert Einstein's theory may save Earth from wandering black holes

Black holes are one of the most mysterious objects in the universe and were first brought up by renowned scientist Albert Einstein. With the possibility of wandering black holes being able to consume our own planet, the...

Asteroid alert: 16-meter space rock to pass by Earth on New Year weekend

With days to go until the Earth completes another year around the Sun, it appears that the universe also has plans to celebrate the new year along with us. An asteroid is set to pass by our planet a few days after the new...

Four ways microbial fuel cells could revolutionise electricity production in the future

The world population is estimated to reach 9.5 billion by 2050. Given that most of our current energy is generated from fossil fuels, this creates significant challenges when it comes to providing enough sustainable...

Technology

‘Bayonetta 3’ updates might be released in 2021, developer hopes

It has been a while since the development of Bayonetta 3 was first announced, and PlatinumGames Hideki Kamiya joins fans in hoping more updates could be announced this year. Meanwhile, the video game designer and director...

'Hitman 3' gameplay leaks reveal Agent 47 is tragically losing a friend

Several reports claim early copies of Hitman 3 are now out in the wild, leading to cutscenes and mission details leaking online, including an imminent great loss for Agent 47. Meanwhile, developers confirmed that Nintendo...

DuckDuckGo grew by 62% and surpassed 102 million daily searches in early 2021

DuckDuckGo is adding to the list of privacy-focused tech services to see recent substantial growth. The search engine has recorded its highest-ever daily search count after it surpassed the 100 million mark for the first...

'Cyberpunk 2077' gameplay demo in 2018 wasn't fake, CD Projekt boss says

CD Projekt Red studio head Adam Badowski denied claims that the Cyberpunk 2077 gameplay demo unveiled during E3 2018 was almost entirely fake. It was a response to a new report from gaming industry investigative journalist...

Samsung Galaxy S21 devices to ship without essential accessories

Following a move rather similar to Apples iPhone 12 launch, Samsung showcased that the packaging for all Galaxy S21 series devices will look very different. The smartphones will be shipped in a much smaller box because it...