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The Latest Breaking News from Andrew Leigh

Excessive market power and markups lead to economic problems

It’s not easy, but Australia has an opportunity to boost productivity — the key to increasing living standards, Andrew Leigh writes.

The New Daily

Hotel booking sites actually make it hard to get cheap deals, but there’s a way around it

Booking sites have the perverse effect of keeping prices high, especially when the fees they charge hotels are taken into account.

The New Daily

Hotel booking sites actually make it hard to get cheap deals, but there's a way around it

Booking a place to stay on holidays has become a reflex action.

The Conversation

From analysis to the latest developments in health,
read the most diverse news in one place.

COVID deaths highest among disadvantaged communities

Deaths due to COVID were also more prevalent in areas with greater socio-economic disadvantage such as in poorer areas and among migrant and Indigenous communities.

The Canberra Times

Australia could free a third of its prisoners with little risk to community, new research finds

Exclusive: Study says reduced incarceration of non-violent offenders can deliver savings to taxpayers and get more people into work

The Guardian - AU

Power to the people: How Canada can build a more connected and responsive Parliament

Canadian citizens, like those in many other democratic countries, struggle with a lack of trust in their federal and provincial legislatures, their major political parties and members of Parliament.

The Conversation

Federal government demands answers from Australia Post, NBN Co on salaries and bonuses

The federal government has sought an explanation from government-owned businesses about executive salaries and bonuses worth tens of millions of dollars.

ABC News

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Reserve Bank ‘consulting’ with government on whether King Charles should be on $5 note

RBA governor Philip Lowe says ‘monarch has been on at least one banknote since 1923’ but decision won’t be made until talks with Labor are complete

The Guardian - AU

'All pork': Chris Steel slams funding for roads

A transport funding row which erupted last week has continued, as the ACT government defends the plans.

The Canberra Times

Mormon Church faces new allegations of funds-shifting as it benefits from Australia’s special tax deal

The multibillion-dollar Mormon Church is allegedly benefitting from Australian tax exemptions designed for small charities, and calls for review are mounting.

Crikey

Numbers behind bars more than doubles

New figures have shown Australia's incarceration has more than doubled since 1985.

AAP

Growing prison populations in Australia are costing $4.2bn a year despite falling crime rates, Labor says

‘If the incarceration rate had remained at its 1985 level, Australia would have saved $2.6bn,’ says assistant treasury minister Andrew Leigh

The Guardian - AU

Surprise petrol price dip amid global fear

Motorists are seeing a mixed bag of petrol prices, with some retailers even charging less than the wholesale price, as global economic warnings abound.

AAP

How the Coalition ignored experts to protect religious charities

There have been multiple calls over the years to abolish financial exemptions for certain religious charities, and yet they remain.

Crikey

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AAP

Minister urges action on corporate tax

The assistant minister for competition has told a global forum that nations need to keep the pressure on multinationals dodging corporate tax.

AAP

Tougher penalties for cartel behaviour

Businesses will be getting more than a slap on the wrist for anti-competitive behaviour under new legislation, helping to keep prices low for consumers.

The New Daily

Big business facing steep fine increases in competition, cost-of-living crackdown

The government will raise the base maximum penalty, unchanged for decades, to stop companies from simply absorbing fines.

The Guardian - AU

Peter Dutton hits out at republicans seeking ‘political advantage’ from Queen’s death

Opposition leader accuses Labor minister of rewriting history over suggestion King Charles III might not appear on $5 note

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The New Daily

Unexpected items and customs to change under the King’s reign

Countless everyday items, important documents and cultural customs will need to be updated in the wake of the Queen's death.

Reuters

Australia open to replacing queen's image on banknotes with local figures

The Australian government said on Tuesday that the image of King Charles III would not automatically replace Queen Elizabeth II's on A$5 notes, and it may be replaced by Australian figures.

The Guardian - AU

Queen may be replaced by an Australian rather than King Charles III on $5 note

Monarch features on coins ‘as a matter of tradition’, but Elizabeth II is on banknote due to her ‘personal’ status, minister says

ABC News

Coins with the face of King Charles III will begin circulating across Australia in 2023

Coins with the face of King Charles III will be minted and begin to appear in circulation from next year, though the new King will face the opposite way than his mother Queen Elizabeth II.

The Conversation

Income redistribution or social insurance? A federal MP considers the future of the welfare state

The Albanese government has something of an embarrassment of intellectual riches, with no less than three of its MPs holding PhDs in economics. Two of them, Andrew Charlton and Andrew Leigh, are also prolific authors with at least a dozen books between them.

Newsroom.co.nz

The jostling winners in a dog-eats-dog high inflation world

The cost of living is increasing at its fastest rate since 1990. Inequality means more status competition, as people jostle in a high-stakes economy.

The New Daily

Shrinkflation bites as popular Snickers bar gets downsized

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