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Economic

Housing affordability

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Monday, 20 March 2017 09:00

Some nuts are hard to crack. In Australia, housing affordability is one of them. As each year passes, property becomes dearer relative to our incomes. Home ownership - the Great Australia Dream - is becoming out of reach for an increasing number of Aussies.
 

Excessive consumerism

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Monday, 13 March 2017 09:00

Around the world, more and more people are focussed on projecting the right image and social status. From the car we drive, to the clothes we wear and the suburb we live in, conspicuous consumption - once the sole preserve of the rich and famous - has come to the masses.

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Instant payments

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Monday, 31 October 2016 09:00

Getting paid instantly by quoting an email address or a mobile number will soon become a reality for Australians. Thanks to changes to our payments system, the “float” - defined as the delay between a payment being made and the funds being received - will disappear (or collapse). Waiting days for funds to arrive will become a thing of the past.


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Economic Rubik’s cube

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Monday, 17 October 2016 09:00

Solving a puzzle is meant to be challenging. But when that puzzle is a Rubik’s cube, with 43 quintillion possible combinations (that’s 18 zeros), the task is near impossible. Players twist and turn the multi-coloured cube’s corners, edges and centre in an attempt to display one single colour on each of the six sides. Most discover that it’s an unattainable goal as moving one piece to achieve colour alignment scrambles the opposite face.


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Deficit myth

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Monday, 19 September 2016 10:00

Politicians constantly draw false parallels between household budgets and government budgets. Our elected leaders love trotting out the familiar line that governments - like households - need to live within their means. Yet every time they espouse this untrue analogy, they display their ignorance of economics.


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