Latest Business Stories

No strings attached: aged care providers have the Coalition wrapped around their little fingers

No strings attached: aged care providers have the Coalition wrapped around their little fingers

Locking out visitors has made it difficult for staff to meet the daily care needs of aged care residents. What an indictment on aged care providers. They receive billions a year in funding, yet rely on the unpaid work of residents’ family and friends and volunteers. Surely it is time for complete accountability for their government funding, writes Dr Sarah Russell.

Privatisation of child care laid bare: women pay high price

Privatisation of child care laid bare: women pay high price

Despite huge government subsidies of more than $8 billion a year for child care, parents still pay an arm and a leg for this essential service. And the women who mostly do the caring and educating receive pittance wages while the landlords, developers and investors make a mint. Lisa Bryant reports.

Covid-19 tragedy in aged care: whose side is the Coalition government on?

Covid-19 tragedy in aged care: whose side is the Coalition government on?

The numerous inquiries, reviews and consultations over the years have provided mounds of evidence of negligence, neglect and abuse in residential aged care homes. Yet the recommendations have mostly been ignored. Now we watch in horror as the number of elderly residents who have died from Covid-19 continues to climb. The government is going to have to explain how this predictable tragedy occurred on its watch.

Gina Rinehart’s mining boss in Ecuador arrested for weapons amid Aussie gold rush

Gina Rinehart’s mining boss in Ecuador arrested for weapons amid Aussie gold rush

The general manager of Gina Rinehart’s mining operations in Ecuador has been caught with a cache of illegal weapons. The arrest has stunned the expat community in the capital Quito where the likes of BHP, Newcrest, Hancock Prospecting and a slew of junior miners are enjoying a millennial “gold rush” as bullion prices hit records and drill results bode for enormously rich deposits of copper, gold, cobalt and other minerals. Michael West reports.

Australian of the Year takes on Big Food, says our diet is ‘killing us’

Australian of the Year takes on Big Food, says our diet is ‘killing us’

The nation’s flawed dietary guidelines have much to answer for, with more than 5000 people losing their lives “unnecessarily” from Type 2 diabetes in the past three months. With evidence showing diet can improve underlying health conditions, in a time of rising COVID-19 infections it is more important than ever to revise the dietary guidelines, writes Maryanne Demasi.

Victorian government wins big on Carbon Revolution float by taking punters for a ride

Victorian government wins big on Carbon Revolution float by taking punters for a ride

The Andrews Labor government pumped $27.5 million into the long-failing, high-end wheel maker to help it limp across the line to an ASX listing last year. The float was a bonanza for it and a handful of other “existing investors” including the Clean Energy Finance Corporation. But the stock exchange was so concerned about the vast gains being made that it placed a freeze over all 5.4 million shares the state government ended up with after the float, writes Anthony Klan in Part II of his investigation into Carbon Revolution. Read Part I here.

Crony Capitalism: Government fights off move to shut loophole for old-money billionaires

Crony Capitalism: Government fights off move to shut loophole for old-money billionaires

The Government has grovelled to its billionaire donors yet again, killing a Senate amendment to force the richest Australians to disclose their financial statements. Michael West reports on the crusade by independent senator Rex Patrick to hold the Morrison Government and its corporate mates such as the Packers, Murdochs and Lowys while putting property giant LendLease to the sword over its JobKeeper rorts.

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