Michael Pascoe

Michael Pascoe

Michael Pascoe is a BusinessDay contributing editor. He comments on companies, markets and the economy.

Michael Pascoe

Why the 'worst' bit of the budget is good

Joe Hockey

Michael Pascoe Increasing the GST is more popular than increasing fuel excise by CPI indexation, according to the Fairfax/Nielsen post-budget poll - and increasing the GST certainly isn't popular.

Budget: More politics than economics

Budget: More politics than economics (Thumbnail)Click to play video

Michael Pascoe Joe Hockey is putting his political cycle ahead of the needs of the economic cycle. Michael Pascoe comments.

Business Week: three overlooked budget surprises

Three overlooked budget surprises (Thumbnail)Click to play video

Michael Pascoe Although it was a well leaked budget, three real surprises have only been partially recognised. Michael Pascoe comments.

Michael Pascoe

It's the age of super entitlement

superannuation

Michael Pascoe How's that "age of entitlement" thing going for you?

Michael Pascoe

Joe Hockey’s federal budget prediction: lower growth, more unemployment

Treasurer Joe Hockey delivers the 2014 budget speech in the House of Representatives.

Michael Pascoe While everyone's been off chasing weasel words, the centrepiece of Joe Hockey's first budget has been largely overlooked.

Budget

A very strange budget that won't say the 'T' word

Treasurer Joe Hockey during question time.

Michael Pascoe Stand by for a strange budget that promises growth at the same time as cutbacks designed to deal with an immediate crisis that doesn't exist.

Business Week Ahead: Joe's first budget

Busniess Week Ahead (Thumbnail)Click to play video

Michael Pascoe The government seems to have ensured that the bad news has already been published. So the actual budget Tuesday night shouldn’t have much shock value.

Business Week: RBA’s best guess

Treasurer Joe Hockey addresses the media during a joint press conference with Finance Minister Senator Mathias Cormann, after the release of the National Commission of Audit Report, at Parliament House in Canberra on Thursday 1 May 2014.Photo: Alex EllinghausenClick to play video

Michael Pascoe The Reserve Bank confirmed what it said three months ago, the gloomy numbers Joe Hockey has been relentlessly pushing since December, are wrong.

Michael Pascoe

Budget threatens to increase unemployment

Budget pain all round (Thumbnail)

Michael Pascoe The Reserve Bank believes fiscal policy will push unemployment higher – and that’s before the threatened squeeze of Joe Hockey’s first budget.

Michael Pascoe

Spare me stories of DJs doing well

David Jones sign

Michael Pascoe It's another indication of how poorly our mid-market department stores are performing that anyone thought David Jones' third quarter sales result was "good". It was barely "less bad".

Michael Pascoe

Killing EFIC a symptom of Audit Commission’s failure

Michael Pascoe Disclosure is necessary at the start of this story: the Export Finance Insurance Corporation hired me to facilitate a panel for a roadshow on small-to-medium enterprises exporting so I am tainted by...

Michael Pascoe

The banksters too big to jail

Bulls, bull market, wall street, stocks US, nasdaq

Michael Pascoe Ever wondered why no banks faced criminal charges post-GFC despite incurring more than $US230 billion in fines?

Comments 63

Business Week: no good news

Business Week: no good news (Thumbnail)Click to play video

Michael Pascoe It's been three months since Australia's immediate economic outlook took a turn for the better, a turn the federal government has insisted on ignoring at any price.

The Audit Commission's brave new world

The Audit Commission's brave new world (Thumbnail)Click to play video

Michael Pascoe Do you really want more of the nation’s future in their hands? Michael Pascoe investigates.

Michael Pascoe

Why the Audit Commission is wrong on its biggest call

Tony Shepherd

Michael Pascoe The commission's most disruptive recommendation is based on the idea that competitive federalism is superior to cooperative federalism. In theory, it should be.

Michael Pascoe

Some Budget promises are worth breaking

Hockey

Michael Pascoe Comment: If the economy is growing robustly, revenue should be rising nicely, removing the immediate need for an urgent tax increase.

Michael Pascoe

Budget in a bind if Joe Hockey and Tony Abbott are both serious

Michael Pascoe

Michael Pascoe What a curious bind the government has managed to get itself into ahead of releasing the Commission of Audit's report on Thursday and its first budget tomorrow fortnight: on one hand the Treasurer...

Michael Pascoe

No tears shed for backward taxi industry

Michael Pascoe Uber’s disruptive technology is threatening the very powerful, very well-connected taxi industry.

Comments 61

Michael Pascoe

Remember failings of Wran's NSW before curtailing the ICAC

Neville Wran

Michael Pascoe It would be wrong amidst the praise of Neville Wran to overlook what he did not do, a sin of omission that would no longer be acceptable: clean up a notoriously corrupt state.

Comments 18

Something important: the building revolution

Something important: the building revolution (Thumbnail)Click to play video

Michael Pascoe Building approvals are through the roof, continuing the growth surge of the last 10 months. Michael Pascoe comments.