Latest Business Stories

Lobbyland: ten lobbyists for every MP has democracy on life support

Lobbyland: ten lobbyists for every MP has democracy on life support

The resources industry donated $136.8 million over two decades to Australian political parties. Donations buy a lot of influence, with research showing that for every US$1 spent, the return on investment can be as high as US$220. In return, public policy is moulded to suit the interests of the highest corporate bidders and their lobbyists. Adam Lucas investigates.

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.

Are Australians paying for secret US weapons tests at Woomera?

Are Australians paying for secret US weapons tests at Woomera?

Australian taxpayers will fork out close to $1 billion for the Woomera Range Complex upgrade, used by the ADF, the US and UK. With revelations that the US military denies Australia access to computer source code needed to operate key components in our war-fighting equipment, Michelle Fahy investigates the real beneficiaries of this secret testing range.

A Bali travel bubble may be just the ticket for Virgin

A Bali travel bubble may be just the ticket for Virgin

As the Virgin administrators assess the bids for the failed airline, they will also grapple with the question of when air travel resumes. Domestic interstate travel may open in a few months, there is talk of a New Zealand travel “bubble”, too. Beyond that is anybody’s...

Michael West Email

Get Our Weekly Newsletter

Unsubscribe anytime.

Thank you! We'll also confirm via email.

Pin It on Pinterest