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Australia wants more than the Lucky Country can deliver

Successive terms of trade booms – the envy of other nations – have allowed Australian governments to splurge. But now it seems that even that is not enough.

The AFR View

Editorial

The AFR View

Budget week is time for Dutton to roll a few Jaffas down the aisle

In the same week Peter Dutton went in to bat for the koalas, Labor flew the flag for gas.

Phillip Coorey

Political editor

Phillip Coorey

No more gaming the system, says High Court

The High Court has sent a clear message: those “manipulating the system” won’t be rewarded with a get-out-of-detention free card.

Michael Pelly

Legal editor

Michael Pelly

RBA’s credibility at risk as central banks confront interference

Alleging neutrality while considering lifting rates seems contradictory.

GST and gas show a government that’s still out of tune

A huge GST handout to WA and a report that gives a free pass to the state’s gas industry show how far parochial toadying in the west will go.

Laura Tingle

Columnist

Laura Tingle

China’s grim pattern in South China Sea needs a collective response

A quiet tussle is going on over China’s ambitions to control all of its neighbouring seas. Affected countries need to unite before China miscalculates.

Jennifer Parker

Defence expert

Jennifer Parker

Sad halting of the press in WA

The Australian Financial Review has built a publishing model based on premium digital subscriptions. But it is still sad that from May 22, no one in Western Australia will be able to read a hard copy version.

The AFR View

Editorial

The AFR View

Half-priced detergent every few weeks? Shoppers can smell a rat

Deep food and grocery discounts have become increasingly popular with consumers, but the cost is unfairly borne by suppliers, prompting calls for change.

Sue Mitchell

Columnist

Sue Mitchell
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More From Today

Bank executives face a big problem. From left, Andrew Irvine (NAB), Peter King (Westpac), Shayne Elliott (ANZ), and Matt Comyn (CBA).

Can the banks fight their way out of the commodity trap?

It’s hard to see how the banks can meaningfully increase profit margins unless the trend towards mortgage brokers reverses.

  • Lucas Baird
Education Minister Jason Clare with a phrase that could mean anything.

A call for destruction can mean, well, just about anything really

Confused about what “from the river to the sea” means? It’s been a common mistake right through history.

  • Rowan Dean

Yesterday

Perpetual chief executive Rob Adams: the company bit off more than it could chew by paying too much for rival funds manager Pendal – and using debt to fund the deal.

There’s a bigger story behind Perpetual’s sad break-up

The break-up of Perpetual is a story of mismanagement, but it also speaks to the structural changes sweeping across Australia’s financial sector.

  • Updated
  • James Thomson
Investment banks are suffering from falling fees as markets remain subdued.

Why headcount matters when it comes to budgets

As any finance chief will attest, the number of bums on seats tells you most of what you need to know about an organisation’s underlying size and costs.

  • Tom Burton
iPad

Apple ad fail shows why we fear AI

Apple has apologised for an ad for its new iPads that was so tone-deaf that the creative types, who normally love the company, had an existential fright.

  • Paul Smith
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“Thanks to Dr Google, everybody thinks they’ve got ADHD,” says the ADHD Foundation’s Christopher Ouizeman.

Is it time to stop talking about mental illness?

I believe many young people are being encouraged to frame normal experiences as psychiatric conditions. There are even financial motivations.

  • Peter Quarry
Outgoing NSW Building Commissioner David Chandler worked hard to improve the quality of apartment towers.

Building commissioner’s parting warning for property developers

David Chandler’s legacy includes an army of inspectors able to identify the developers most likely to produce suspect buildings.

  • Jimmy Thomson
America’s largely unified political left is sustaining momentum.

How the US Supreme Court became a political organisation

When judges make decisions that should be left to politicians, they undermine democracy.

  • Amanda Stoker
Former US president Donald Trump enters the Manhattan Criminal Court this week.

Campus protests may help Donald Trump win

History suggests the intellectual conformism sweeping university life could trigger a popular backlash that ends in conservative rule.

  • David Brooks

This Month

Gas for power generation is far from cooked.

Labor locks gas firmly into energy transition

The Future Gas Strategy reaffirms a strong role for gas, but despite the title it is light on ideas to get there.

  • The AFR View

Gas policy betrays Labor voters

Readers’ letters on the government’s plan to back gas until 2050; a call to arms from Perth; why it’s time to leave the low-tax silo; and why King Charles should phone Xi Jinping.

The energy transition and digitisation are the big themes for the rest of this decade, although both are only as good as government policy settings.

What we learnt as CEOs meet capital markets kings, queens

It’s been three days of watching CEOs pitch to fund managers and hearing their off-record feedback at Macquarie’s annual conference. Both sides are more upbeat.

  • Anthony Macdonald
Prime Minister Anthony Albanese.

Why Albanese is going all in on gas

The Labor government has infuriated climate activists by insisting that gas will play a crucial role in the energy transition for many decades to come. Big producers like Woodside will wait to see what that means.

  • Jennifer Hewett
CBA chief executive Matt Comyn says the bank lost market share by staying out of the mortgage wars.

CBA shows this is not your parents’ slowdown

CBA’s chief executive started banging the drum on loss-making mortgages early last year. Now, the broader banking sector appears to be thinking along the same lines.

  • Updated
  • James Thomson
 So long as Hamas – a terrorist organisation – holds the political baton among Palestinians, Australia should not support the UN resolution.

Why now is not the time for Palestinian statehood

We cannot just hope that Hamas will lay down its arms – it will never happen. Nor can we hope that an alternative Palestinian Authority will emerge. We need to demand it, as a pre-condition of any form of recognition.

  • Jeremy Leibler
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Federal Treasurer Jim Chalmers will hand down the budget on Tuesday.

A responsible pre-election budget is a delicate balancing act

The treasurer must not stimulate the economy, but cannot ignore the fact that some Australians are bearing more than their share of the pain.

  • Aruna Sathanapally
Orica CEO Sanjeev Gandhi is worried about the cracks he’s seeing in Australian manufacturing.

‘Why would I invest a single cent in Australia?’ asks Orica boss

The explosives giant’s CEO, Sanjeev Gandhi, is getting a little tired of hearing about the Albanese government’s much hyped Future Made in Australia policy.

  • James Thomson
Russian President Vladimir Putin

Why Gaza is an endless gift for Vladimir Putin

Israel’s war on Hamas is a serious drain for Joe Biden as he heads towards the US presidential election.

  • Edward Luce
An unknown buyer paid close to $A3 million for this wreck.

Why this wrecked Ferrari is good value at $3m

Apparently, the burnt-out remains of a 1954 Ferrari race car was a bargain.

  • Tony Davis
Resources Minister Madeleine King: Turning off gas overnight would do untold damage to our economy.

We will need new sources of gas

Australia is committed to reaching net zero emissions by 2050, and we will need gas to get there.

  • Madeleine King
Called My Health Record, the system aims to centralise health records, allowing patient information to be readily available to various medical professionals across the country.

The digital health black hole must be fixed

The Productivity Commission’s report on the failure of My Health Record should concern all Australians not only as taxpayers, but as consumers in an ageing society.

  • The AFR View