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John Hawkins1

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.

Digital Currency Revolution

Will digital currencies become the norm as the world moves towards a cashless society?

Jul 03, 2024 14:19 pm UTC| Insights & Views Digital Currency

More than 90% of the worlds central banks are looking at introducing a central bank digital currency (CBDC), to complement existing banknotes. What is a central bank digital currency? A CBDC is not a new currency. It...

Inflation is slowly falling, while student debt is climbing: 6 graphs that explain today’s CPI

Apr 25, 2024 06:06 am UTC| Insights & Views Economy

Australias inflation rate has fallen for the fifth successive quarter, and its now less than half of what it was back in late 2022. The annual rate peaked at 7.8% in the December quarter of 2022 and is now just 3.6%, in...

Interest rates are expected to drop but trying to out-think the market won’t guarantee getting a good deal

Mar 07, 2024 07:38 am UTC| Insights & Views Economy

With most economists expecting interest rates to start falling later this year, prospective home buyers might be weighing up whether to buy now for fear of strong competition for stock, or waiting until repayments are...

Chalmers changes tack as economic growth sinks to a new post-pandemic low

Mar 06, 2024 22:48 pm UTC| Insights & Views Economy

Wednesdays national accounts show economic activity barely grew during the three months to December, climbing just 0.2%. Thats the lowest growth rate in four quarters, each of which was lower than the one before...

Happy birthday AUD: how our Australian dollar was floated, 40 years ago this week

Dec 04, 2023 12:29 pm UTC| Economy Insights & Views

These days, we take for granted that the value of the Australian dollar fluctuates against other currencies, changing thousands of times a day and at times jumping or falling quite a lot in the space of a week. But for...

Digital Currency Revolution

Sam Bankman-Fried convicted for massive FTX fraud, in stark reminder of risks of crypto trading

Nov 04, 2023 03:41 am UTC| Law Digital Currency

It is not just crypto tokens that have spectacular downfalls. So can crypto personalities. Sam Bankman-Fried founded FTX, one of the worlds largest exchanges for so-called cryptocurrencies, which collapsed last year...

Oil in Global Economy Series

Petrol is holding up inflation – the 7 graphs that show what's happening to prices and what it will mean for interest rates

Oct 25, 2023 14:27 pm UTC| Economy

Todays figures from the Australian Bureau of Statistics show inflation fell in the September quarter for the third consecutive quarter. But petrol prices kept it uncomfortably high. After reaching a 30-year high of...

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Economy

Boeing Component Shortage Delays US-Japan Production of Patriot Missiles for Ukraine

A critical component shortage from Boeing is delaying the production of Patriot air defense missiles used by Ukraine against Russian attacks. The United States and Japan aim to ramp up production, but manufacturing...

Green Dot Fined $44 Million by Federal Reserve for Consumer Law Violations

The Federal Reserve fined Green Dot Bank $44 million for a deficient consumer compliance risk management program and unfair practices. The bank, which partners with Apple and Walmart, saw its stock fall by 5.7%. The fine...

China Commits to Economic Growth and Reform Amidst National Security Concerns

The Communist Party of China concluded a significant conclave, pledging to boost economic development through comprehensive reforms while maintaining national security. The Central Committees communique outlined objectives...

Japan Sets Visitor Record in June as Weak Yen Spurs Tourism Boom

Japan achieved a new monthly visitor record in June, with 3.14 million foreign visitors, driven by the weak yen. This surge positions tourism as a critical economic driver, with expectations of surpassing pre-pandemic...

Politics

JD Vance, Trump's Pro-Crypto VP Pick, Demands President Biden's Resignation

JD Vance, the pro-crypto VP pick of Donald Trump, has demanded President Joe Bidens resignation, intensifying the political landscape and affecting market sentiments. JD Vances Call for Bidens Resignation Shakes...

Joe Biden Shock: Leaked Messages Reveal Democratic Delegates Doubting POTUS' 2024 Candidacy After Debate Performance

Democratic delegates voiced concern regarding President Joe Bidens debate performance in private online discussions, which cast doubt on the feasibility of his candidacy. Politico acquired a collection of messages...

Elon Musk Called Donald Trump a 'Stone-Cold Loser' in 2020, Now Backs Him in Shocking Reversal

A New York Times story indicated that Elon Musk, a wealthy donor to Donald Trump, referred to the former President as a stone-cold loser in 2020 and expressed disapproval of his character. According to an anonymous...

Donald Trump Accepts GOP Nomination, Criticizes Democrats for 'Destroying' Nation in RNC Speech

At the Republican National Convention on Thursday, Donald Trump ascended the stage to accept the nomination of the Republican Party and deliver his first statement since the attempted assassination at the rally. In his...

Science

NASA and SpaceX Reveal $843M Plan to Deorbit ISS Safely in 2031

NASA and SpaceX have unveiled plans to deorbit the International Space Station by 2031. The $843 million contract awarded to SpaceX includes designing and constructing a deorbit vehicle to guide the ISS to its final...

SpaceX Reveals Cause of Falcon 9 Anomaly After Engine Failure and RUD Incident

SpaceX announced a liquid oxygen leak caused the Falcon 9s second-stage engine failure, resulting in a RUD. Despite the anomaly, the second stage was passivated successfully. SpaceX Identifies Liquid Oxygen Leak as...

SpaceX Moves Starship Booster to Launch Pad for Historic Flight 5 Test Attempt

SpaceX has moved its rocket booster to the launch pad for the fifth Starship test flight, following a series of prelaunch tests. This test, set for next month, includes the unprecedented attempt to catch the first stage...

Study: Alcohol and Energy Drink Mix Impairs Memory and Learning in Rodents

Researchers at an Italian university found that mixing alcohol and energy drinks leads to long-term memory and learning issues in rodents. The study, published in Neuropharmacology, highlights the potential risks to...

Technology

Tesla Offers $1,000 Off for Owners Upgrading from EAP to FSD in Limited-Time Deal

Tesla announced a limited-time $1,000 discount for owners upgrading from Enhanced Autopilot (EAP) to Full Self-Driving (FSD) when purchasing a new vehicle. Teslas Limited-Time Discount Offer Emails sent out to Tesla...

Xiaomi CEO: Trump Sanctions Spark China’s EV Entry, Competing with Tesla

Xiaomi CEO Lei Jun revealed that Trump administration sanctions spurred the companys unexpected entry into Chinas electric vehicle market, aiming to challenge Tesla. Xiaomi CEO Lei Jun stated on Friday that the...

iPhone SE 4 to Feature iPhone 16's Design Elements and Single Camera Lens

The forthcoming iPhone SE 4 is set to incorporate design elements from the iPhone 16, including a single camera lens and updated back cover, as suggested by industry sources. Adoption of iPhone 16 Back Cover...

SHIB Team Issues Crucial Warning: Beware of Scams Involving Fake TREAT Tokens

SHIB team issues a crucial alert about fake TREAT tokens, urging holders to protect themselves from scams. Shibarium Ecosystem Token Not Yet Released Lucie, a prominent figure in the Shiba Inu community and a...
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