Senate powerbroker will move next week to upend the traditional contract between the treasurer and the governor of the Reserve Bank.
Peter Martin is the Economics Editor for The Age.
An election-driven burst of part-time employment has pushed the unemployment rate down to 5.7 per cent, disguising a continuing slide in the number of Australians employed full-time.
The Federal Treasury says ordinary personal taxpayers are going to have to shoulder more of the tax burden as the proceeds from businesses become less certain.
Wage growth has slipped to a new record low, with private sector wages climbing just 1.98 per cent in the year to June, well below the rates of 3 per cent or more recorded from the end of the global financial crisis to 2013.
Western Australia can be likened to a prodigal nephew who has squandered his inheritance.
Most of Australia's richest got there in industries subject to political favours, hardly any by inventing something new.
Parting RBA governor Glenn Stevens has implored the Turnbull government to take on more debt and spend on worthwhile projects.
Given how far Australian and international rates have been falling, mortgage rates ought to be an awful lot lower than they are.
Our biggest banks move fast. Either that, or they collude. At 2.37 pm on Tuesday within minutes of the Reserve Bank cutting its cash rate to an all-time low, the Commonwealth Bank announced a completely different way of responding. Instead of passing on some of all of the cut, it would only pass on half and hand some of the rest out to customers as higher term deposit rates.
The Commonwealth and National Australia Banks have short-changed their mortgage holders by passing on only a fraction of the Reserve Bank's 0.25 per cent cut in interest rates, choosing instead to reward depositors by lifting the rate they offer on term deposits.