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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.

No, the budget does not make further interest rate rises more likely

May 11, 2023 15:50 pm UTC| Economy

Inflation, as Prime Minister Anthony Albanese has said, is a tax on the poor. The great budget challenge for him and Treasurer Jim Chalmers has been to deliver help to Australians struggling with cost-of-living...

Inflation still the 'defining challenge' as Australia's economic activity slows

Mar 04, 2023 12:21 pm UTC| Economy

Australia has recovered better than most from the COVID pandemic. As measured by gross domestic product (GDP), the economy is now 7% larger than it was before the pandemic. Over 2022, the economy expanded by 2.7% more...

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...

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Economy

Fujitsu, Microsoft Unite: Massive Investment to Enhance Uvance Business, Boosting Sustainability With Cloud Technology

Fujitsu and Microsoft form a strategic alliance to scale up Fujitsus Uvance business, leveraging Microsofts cloud technologies for sustainable solutions. This partnership aims to drive innovation in sectors like...

Mercedes-Benz Korea Reveals Appointment of New CEO

Mercedes-Benz Korea announced it has appointed a new chief executive officer to lead the company from this point. The German luxury vehicle maker chose Mathias Vaiti to be the new chief of its office in South Korea. The...

In-N-Out Burger Returns to South Korea, Locals Flock to Seoul Pop-up Store in Record Number

In-N-Out Burger, an American fast-food chain, has finally returned to South Korea. The burger joint enters the Korean market again by opening a pop-up store in Seoul this week. The In-N-Out Burger pop-up store opened on...

Grab Unveils JustSave Carpooling Service in Malaysia for Cheaper, More Efficient Rides

Grab launches JustSave in Malaysia, a new carpooling feature designed to maximize driver earnings and offer passengers a 20% fare reduction. Only operational during peak hours, the service aims to enhance efficiency in...

TikTok CEO Shou Zi Chew to Spearhead ByteDance's Rising Social Media Star, Lemon8

ByteDance taps TikTok CEO Shou Zi Chew to steer Lemon8, its fresh social media app, amid a corporate reshuffle and escalating tension between TikTok and the West. Launched in February, the lifestyle-oriented Lemon8 has...

Politics

UK: UN Rights Chief Expresses Concerns Over Migration Bill

The United Nations human rights chief has expressed his concerns to the British government about its legislation to combat illegal migration. The human rights chief cited concerns that it would bar people from seeking...

Russia-Ukraine War: NATO to Narrow Divisions Over Ukraine's Membership Bid in Oslo Meeting

The foreign ministers of the NATO countries are looking to narrow down the divisions surrounding Ukraines bid to join the alliance in the upcoming meeting in Oslo this week. This comes as Ukraines allies are also at odds...

EU Parliament to Question Hungary's Ability to Hold EU Presidency Over Record on Rule of Law

The European Parliament is set to question Hungarys ability to hold the European Unions rotating presidency next year. The EU parliament cited Hungarys record on the rule of law. A draft parliamentary resolution by the...

Iran: IAEA Resolves Nuclear Issues Related to Sites With Uranium Particles

The International Atomic Energy Agency has reportedly resolved the nuclear issues with Iran related to a site where uranium particles were found. The issue comes as talks to restore the 2015 nuclear deal with Tehran remain...

UK: Ministers Given More Time to Turn in Messages From Boris Johnson to Public COVID Inquiry

British ministers were given more time to turn in messages from former Prime Minister Boris Johnson as part of the public inquiry into the governments response to the COVID-19 pandemic. The extra time comes amid a...

Science

Drilling down on treatment-resistant fungi with molecular machines

`Fungi are present on the skin of around 70% of the population, without causing harm or benefit. Some fungal infections, like athletes foot, are minor. Others, like Candida albicans, can be deadly especially for...

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...

Technology

Naver Reportedly Losing Market Share in Online Search Industry

Naver internet platform is reportedly losing its share in the search engine market in South Korea. It was the very first web portal that later became the largest internet company in the country, but with the arrival of...

Samsung, Naver Collaborating to Create Generative AI to Rival ChatGPT

Microsoft’s Activision Blizzard Acquisition Approved by Korean Regulators

Microsoft Corporation earned another point with its bid to acquire the Santa Monica, California-based video game holding company, Activision Blizzard, after the South Korean anti-trust regulator announced it has approved...

Nvidia, MediaTek Join Forces to Develop Advance Vehicle AI Technology

Nvidia Corp. and MediaTek Inc. announced on Monday, May 29, that they signed a partnership agreement for the development of technology for advanced vehicle infotainment systems. This will allow vehicle owners to stream...

Hyundai Mobis Introduces Innovative HD Lighting System for Enhanced Nighttime Driving

Hyundai Mobis Co. has developed a next-generation headlamp dubbed the HD Lighting System that can project driving information onto the road surface, including the speed limit and upcoming road construction. The system...

Sony Acquisition Denied by CD Projekt Red, Shuts Down Sale Rumors

Sony Group Corporation was rumored to be in talks to acquire CD Projekt Red, a video game development studio headquartered in Warsaw, Poland. Not long after the reports came out, the publisher of the popular Cyberpunk 2077...