COVID-19 pandemic in Australia

Many Australians face losing their homes right now. Here’s how the government should help

Retrieved on: 
Tuesday, April 23, 2024

That same principle underpins the HomeKeeper program I proposed in The Conversation last year.

Key Points: 
  • That same principle underpins the HomeKeeper program I proposed in The Conversation last year.
  • The idea is to help mortgage-stressed owner-occupiers avoid losing their home.
  • If it’s a good idea for companies, why not for responsible and otherwise financially-viable Australians at risk of losing their homes in a cost-of-living crisis?
  • Rather, it’s government help through a small equity stake with positive returns for taxpayers when HomeKeeper help is no longer needed.

People need help now

  • HomeKeeper would be of most help to lower income families who often don’t have a “Bank of Mum and Dad” to help them “over the hump”, as Albanese puts it, during temporary difficulties.
  • ACT Independent Senator David Pocock backed HomeKeeper last week in his additional comments in the Senate Economics Legislation Committee report on the government’s Help To Buy Bill 2023.
  • Pocock wants the government’s Help To Buy mechanism amended to enable low- and middle-income earners “facing mortgage repossession and possible homelessness to remain in home ownership” via a HomeKeeper-style program.
  • Establishing HomeKeeper is more important than ever because the monetary policy script isn’t following the arc politicians and policymakers planned.

Relying on interest rate relief to arrive isn’t enough

  • Yet interest rates in Australia are not falling.
  • What’s more, even without further rate increases by the Reserve Bank of Australia (RBA) this year, the average mortgage rate is set to rise anyway according to research by the RBA’s Domestic Markets Department’s Benjamin Ung.
  • Nearly a third (31.4%) of mortgaged owner-occupiers are “at risk” of mortgage stress according to the latest Roy Morgan survey.
  • The longer it takes, the more damaging to individuals and families, and the more costly it is to governments.
  • Albanese is right – sometimes there’s a role for government in providing help to get over that hump.


Chris Wallace is a professor in the University of Canberra's School of Politics Economics & Society, Faculty of Business Government & Law. She has received funding from the Australian Research Council.

‘A blood sport feigning as government’: what the ABC’s Nemesis taught us about a decade of Coalition rule

Retrieved on: 
Wednesday, February 14, 2024

For God’s sake let us sit upon the ground And tell sad stories of the death of kings.

Key Points: 
  • For God’s sake let us sit upon the ground And tell sad stories of the death of kings.
  • The latest instalment, Nemesis, dealing with the Abbott-Turnbull-Morrison years, is the fourth of these series since the pioneering Labor in Power screened in 1993 chronicling the Hawke-Keating era.
  • The Howard Years (2008) and The Killing Season (2015) followed examining respectively the Howard and Rudd-Gillard governments.
  • By contrast, The Killing Season and Nemesis focus predominantly on the leadership wars that blighted Australian politics between 2007 and 2022.
  • The most striking takeaway from Nemesis is that the Coalition’s decade in office from 2013 to 2022 was a time of abject irresponsibility.

The Abbott years

  • It was a catalogue of swingeing cuts and broken promises (Abbott had pledged no cuts to health or education during the 2013 election campaign).
  • The Abbott government never really recovered.
  • Chastened by that result, Abbott then caused incredulity among colleagues by proclaiming that “good government begins today”.
  • According to Turnbull, Abbott did not welcome the approach, telling him “to fuck off”.

The Turnbull years

  • The public were relieved to see the back of Abbott and welcomed enthusiastically the ostensibly progressive Turnbull.
  • Attorney-general in the government, George Brandis, refers to the Faustian bargain Turnbull had made to win the prime ministership.
  • Dutton, the right-wing hard man who Turnbull scathingly describes as “a thug”, challenged for the leadership, losing relatively narrowly.
  • A revelation about events during that febrile week is that Turnbull considered heading off his opponents by calling an election.
  • The episode ends with Turnbull offering another pungent character assessment, this time of his successor: “duplicitous”.

The Morrison years

  • It errs towards generosity to Morrison, not fully capturing why his leadership became a byword for inauthenticity, a prime minister whose obsession with the theatre of politics consistently trumped substance.
  • The episode recalls many of the notorious statements made by Morrison, which by suggesting he was evading responsibility, was a bully or lacked empathy corroded his public image, especially among women voters.
  • Asked about the comments, Morrison admits to poor choices of words.
  • Nemesis shows that the COVID pandemic was both a blessing and curse for the Morrison government.
  • Morrison then expended dwindling political capital by fruitlessly pursuing religious rights protections, causing ructions with Liberal moderates.
  • We are left with the suspicion that once again Morrison is bending the truth.

A decade of banality and pettiness

  • Participants in the documentary draw on classical allusions in making sense of the chaos.
  • We are told, for instance, that the leadership feud between Abbott and Turnbull was Shakespearean.
  • Yet what Nemesis exposes is the banality of these events and the pettiness of the actors.
  • The post-Menzies Liberal triumvirate of Harold Holt, John Gorton and William McMahon were respectively overwhelmed by the office, reckless and pygmy like.


Paul Strangio received funding from the Australian Research Council in the past.

6 reasons Australians don't trust economists, and how we could do better

Retrieved on: 
Monday, August 7, 2023

We are apparently among the least-trusted in the US and midway down the ranking in the United Kingdom.

Key Points: 
  • We are apparently among the least-trusted in the US and midway down the ranking in the United Kingdom.
  • Nevertheless, it’s worth reflecting on why Australians may distrust economists, and the ways in which economics can better serve Australia.

1: Weak diversity and reflexivity

    • Diversity is imperative for a field that helps make decisions about the allocation of resources.
    • At high school, economics students are increasingly male, and concentrated in metropolitan and high socio-economic status locations.
    • Compounding this is that – unlike other social sciences – mainstream economics is not a tradition where reflexivity is encouraged.

2: The media and conflicts of interest

    • But those appearing in the media appear to come disproportionately from banks, other financial institutions, management consultancies and think tanks.
    • In contrast, all reputable academic journals (and The Conversation) require authors to declare any potential conflicts of interest as a condition of publication.
    • In my view, the media should be much more critical and discerning in its engagement with economists and potential conflicts of interest.

3: Efficiency preferred to equity

    • Decisions made by governments usually affect both the “size of the pie” (loosely, what economists call efficiency) and how it is shared (equity).
    • It is true that many economists are at the forefront of research on inequality, but it is also true that economists often focus too much on efficiency.

4: A heavy international focus

    • We should continue to help top students to study at the world’s best institutions, and continue to recruit top economists globally.
    • But we should accept that this can come with the price of reduced interest and engagement in Australian issues.

5: Declining economics training

    • Year 12 enrolments in economics have fallen by about 70% since the 1990s.
    • In New South Wales at least, economics has been mostly replaced by “business studies”.
    • Census data shows that only 1% of university graduates under 40 specialised in economics, compared to 2.5% of those now in their 70s.

6: Overconfidence


    While it was once said that every two economists had at least three opinions, reflecting the inherent uncertainties in the discipline, economists seem very sure of themselves in the media. A large dose of humility would help, and it would help build trust. The media and consumers of the media should seek out the voices that acknowledge the necessary uncertainties.

60% of women and non-binary punters and artists feel unsafe in Melbourne's music spaces

Retrieved on: 
Tuesday, July 4, 2023

A new survey of 126 women and non-binary punters and artists working the music industry in Melbourne has found 60% of respondents feel unsafe in music spaces.

Key Points: 
  • A new survey of 126 women and non-binary punters and artists working the music industry in Melbourne has found 60% of respondents feel unsafe in music spaces.
  • The survey found sexual violence disempowers female music workers, deters non-binary communities from working in the industry, and discourages punters from going to gigs.
  • As Melbourne beats Sydney to became the nation’s most populated city in 2023, the epidemic of sexual violence may intensify in its urban music spaces.

The #meNoMore awakening

    • Studies have found grassroots venues and promoters in the United Kingdom need to implement changes to tackle sexual violence and work towards gender equality.
    • In January, it was announced the federal government’s new Revive cultural policy would establish a centre to address sexual harassment in the arts and entertainment industry.
    • Read more:
      Pay, safety and welfare: how the new Centre for Arts and Entertainment Workplaces can strengthen the arts sector

A frequent violence

    • Respondents reported street harassment to and from venues, or were assaulted in commercially shared vehicles.
    • One third of the music punters reported an incident to venue staff or festival management.
    • Fearing unemployment in a highly competitive industry, they remain stoic victim-survivors in the boy’s club.

What’s next

    • The 2018 Melbourne Music Census found only 49% of staff in venues were trained in-house to deal with sexual harassment or assault.
    • Our study suggests all security staff should be provided with bystander training to prevent, detect and address perpetrators’ behaviour, and to refer victim-survivors to relevant authorities.
    • Too often, security staff have a reluctance to change routine practices, and many venues have a lack of female security staff.
    • There is poor collaboration between security companies and music staff, and limited funding for grassroots venues to conduct this training.
    • Read more:
      Camp Cope leaves the Australian music industry forever changed by their fearless feminist activism

Now it's Labor promising the budget will be (briefly) back in black

Retrieved on: 
Tuesday, May 9, 2023

The budget projects an improvement of more than $143 billion over four years to 2025-26 compared to the Coalition’s final budget, brought down in March last year by Josh Frydenberg.

Key Points: 
  • The budget projects an improvement of more than $143 billion over four years to 2025-26 compared to the Coalition’s final budget, brought down in March last year by Josh Frydenberg.
  • The budget was last in surplus in Coalition Prime Minister John Howard’s final year – 2007-2008.
  • The government will return to the bottom line 82% of revenue upgrades in this budget and 87% across its first two budgets.
  • In an upbeat address to an enthusiastic Labor caucus meeting Albanese said the budget would be “in the best tradition of the Australian Labor Party”.

Boosting JobSeeker is the most effective way to tackle poverty: what the treasurer's committee told him

Retrieved on: 
Wednesday, April 19, 2023

The committee delivered its report to the government in late February.

Key Points: 
  • The committee delivered its report to the government in late February.
  • The most pressing concern, and the most important for immediate policy action, is to substantially increase the JobSeeker payment for the unemployed.
  • JobSeeker Payment relative to Age Pension, 2000 to 2021 The committee has recommended restoring the relativities of the mid-1990s, when the unemployment benefit was about 90% of the age pension.

How we made our decision

    • There is no right level for JobSeeker (or any other welfare payment) and there is no single methodology that provides all the answers.
    • Read more:
      There are lots of poverty lines, and JobSeeker isn't above any of them

The greatest, most urgent, need

    • There was a substantial boost to most pension payments following the 2009 Harmer Pension Review.
    • JobSeeker has a larger budget and is better targeted than Rent Assistance to those in most financial need.

What will it cost?

    • Over the three years of forward estimates (2023 to 2026), the cost would be about $24 billion.
    • The total cost of welfare payments in 2023-24 is expected to reach A$145 billion.
    • So $5.7 billion, while a substantial additional expense, does only represent a 4% increase in the welfare cash payments, and less than 1% of the total federal budget.

How Australia's Economy is Managing to Bounce Back After COVID-19

Retrieved on: 
Sunday, April 3, 2022

However, Australia's economy has bounced back quickly and performed very well throughout 2021.

Key Points: 
  • However, Australia's economy has bounced back quickly and performed very well throughout 2021.
  • Hejaz Financial Services , the leading Australian provider of Islamic finance, gives a review of 2021's economy and explains how it managed to stand strong throughout the pandemic.
  • According to Hejaz Financial Services, 2021 saw the Australian government pouring stimuli into the economy in an attempt to protect businesses and households around the country from a prolonged recession.
  • Notably, tourism and education are two of the biggest contributors to the Australian economy.

Liberty Welcomes Government Scheme Expansion for Small Business

Retrieved on: 
Monday, September 27, 2021

The ongoing economic impacts of COVID-19 restrictions are challenging for businesses, but the expansion of the Australian Government SME Recovery Loan Scheme is a promising solution.

Key Points: 
  • The ongoing economic impacts of COVID-19 restrictions are challenging for businesses, but the expansion of the Australian Government SME Recovery Loan Scheme is a promising solution.
  • As a participating lender, Liberty will continue to support eligible business customers with free-thinking business loans until 31 December 2021.
  • Liberty was one of the first non-bank lenders to join the initial SME Guarantee Scheme and is committed to supporting small business customers to grow successful businesses.
  • With a competitive range of business lending products on offer, Liberty is here to help you set your business up for success.

Statement from the Chief Public Health Officer of Canada on June 30, 2021

Retrieved on: 
Wednesday, June 30, 2021

As well, COVID-19 activity varies, so it is important to continue following local public health advice, including adhering to gathering size limits and other public health measures, such as mask wearing and physical distancing in public spaces.

Key Points: 
  • As well, COVID-19 activity varies, so it is important to continue following local public health advice, including adhering to gathering size limits and other public health measures, such as mask wearing and physical distancing in public spaces.
  • Wherever you spend your day, I wish you a happy and safe Canada Day.
  • The Public Health Agency of Canada is also providing regular updates on COVID-19 vaccines administered , vaccination coverage and ongoing monitoring of vaccine safety across the country.
  • Nevertheless, we know that vaccination, in combination with public health and individual measures, are working to reduce spread of COVID-19.

Hawaii's Inter-County Travel Restrictions to End on June 15

Retrieved on: 
Saturday, June 5, 2021

David Ige today announced the end of all restrictions for inter-county travel, starting June 15.

Key Points: 
  • David Ige today announced the end of all restrictions for inter-county travel, starting June 15.
  • The decision to terminate testing/quarantine requirements comes as the State of Hawaii approaches the 55% vaccination rate.
  • The governor also announced that beginning June 15, travelers entering the state who have been vaccinated in Hawaii may bypass quarantine without a pre-travel test.
  • When the state achieves a 70% vaccination rate, all restrictions on travel will be lifted and the Safe Travels program will end.