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Housing downturn has 'some distance to run', builder warns

20 November 2018 | Nick Toscano

One of the nation’s biggest building products companies, Fletcher Building, has blamed a “sharp contraction” in the Australian property market over the past three months as it slashed its profit outlook and sparked a share-price plunge.


Ghost cities: 50 million homes in China are empty

12 November 2018 | Paul Panckhurst & Emma Dong

Chinese President Xi Jinping's mantra that homes should be for living in is falling on deaf ears, with tens of millions of apartments and houses standing empty across the country.

 


Industry super fund Cbus claims $1b lift from banking royal commission

12 November 2018 | Ruth Williams

Cbus chairman Steve Bracks says the industry super fund has had $1 billion in extra inflows since the banking royal commission, suggesting it is at the expense of retail funds.


Spectre of China hovers in government veto of $13 billion APA takeover

08 November 2018 | David Fickling

The reasoning given by Treasurer Josh Frydenberg for blocking a CK Asset Holdings-led consortium from taking over Aussie pipeline operator APA Group doesn't make a lot of sense.


ACCC says it won't oppose Nine Fairfax takeover

08 November 2018 | The Guardian

The competition watchdog has confirmed it will not oppose a planned merger between Nine and Fairfax Media, paving the way for two of Australia’s largest media companies to combine by the end of the year.

The Australian Competition and Consumer Commission said on Thursday it would not block Nine’s takeover despite acknowledging that it would reduce competition.

The ACCC chair, Rod Sims, said the merger would “likely reduce competition” but added that it was not “likely to substantially lessen competition in any market in breach of the Competition and Consumer Act”.


Fossil fuels are a threat to civilisation

14 October 2018 | The Intercept

AROUND THE MIDDLE of the last century, the chemical DDT was found to pose a risk to human and animal health. The ultimate response — after a prolonged fight between environmentalists and the chemical industry — was a federal ban on all uses of the substance found to be unsafe.


Banks face years of litigation, billions in costs after Hayne

17 September 2018 |

The major banks face years of rolling litigation and potentially billions of dollars in additional compensation out of the Hayne royal commission, as plaintiff law firms prepare a series of test cases over mortgage lending practices and regulators target other areas of bad behaviour.


The literature of liberalism

17 September 2018 | The Economist

The fourth and final instalment in our project to build a reading list of great liberal thinkers. The definition of liberalism has long been the source of disagreement. The tension between its various strands—such as American progressivism, libertarianism and the classical tradition


The Economist’s new China column: Chaguan

17 September 2018 | The Economist

GIVEN his love of Chinese teahouses, Mr Yang, a retired academic from Chengdu, was born in the right place at a terrible time. Within living memory his home town, the capital of Sichuan province, had boasted more than 600 teahouses, or chaguan. Some were famous for storytellers or opera.


AI may not be bad news for workers

17 September 2018 | The Economist

A SPECTRE is haunting workers—the rise of artificial intelligence (AI). The fear is that smart computer programs will eliminate millions of jobs, condemning a generation to minimum-wage drudgery or enforced idleness. Never mind the robots, fear the software.


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