Economy

A new report by Richard Denniss, Chief Economist at The Australia Institute, identifies an emerging economic risk of building ‘too many coal mines’.

The report examines the potential economic harm flowing that a major expansion and construction of new coal mines can result cause, including:

First published in the Australian Financial Review - here

It's bizarre that people blame Tony Abbott's demise on his inability to communicate. He was a great communicator, and people knew exactly what he stood for. No politician was as relentlessly 'on message'. 

Polling conducted over the weekend shows strong local support for the Newcastle City Council’s decision to include environmental and socially responsible factors together with financial returns in their investments. 

47.3% of Novocastrians supported the council’s decision, while 24.8% were opposed. 

Cost Benefit Analysis (CBA) of government bill estimates only 88 Australian seafarer jobs will remain under the Department’s preferred option for policy change (table below). This represents a loss of 1,089 Australian seafarer jobs, or 93 per cent of the current workforce.

The Senate Rural and Regional Affairs and Transport Legislation Committee is currently examining the Shipping Legislation Amendment Bill 2015. The purpose of the Bill is to increase access to Australian coastal shipping for foreign crewed ships in an attempt to make coastal shipping cheaper.