Bill Shorten risks rift with unions as election nears

Bill Shorten risks rift with unions as election nears

Ms O'Neil, an alternate director on the board of AustralianSuper, said companies engaging in poor labour practices presented a double whammy of risk: lower investment returns and an erosion of wages now, leading to fewer retirement savings.Transport Workers Union national secretary Michael Kaine, an alternate director on TWUSuper, told The Australian Financial Review on Monday…
How China has to change if it wants global trade peace

How China has to change if it wants global trade peace

A second, tougher level of trade issues include: forced technology transfers in joint ventures when Western companies try to produce inside China's tariff walls; counterfeit goods, which cost Western companies billions; industrial espionage; and Chinese joint ventures abroad which see technology absorbed and agreements broken.China could pass laws to outlaw some of these things. But…
Michael Daley is no racist, no orator either

Michael Daley is no racist, no orator either

"And I don't want to sound xenophobic. It's not a xenophobic thing. It's an economic question."How to appeal to prejudiceOne of the tricks of politics is to appeal to prejudices without altering those being demonised.Daley is no racist. He is no orator either. He was bluntly articulating one of the great preoccupations of the NSW…
Business wants more detail on Labor’s emissions reduction policy

Business wants more detail on Labor’s emissions reduction policy

The BCA said the Fisher report raised legitimate questions about the finer details of the carbon reduction policies, including whether international credits could be used, carry-over credits from the Kyoto agreement as well as what sectors will be targeted under Labor's scheme.The Fisher report found wholesale electricity prices would increase more under Labor's plans and…
Local investors stick with Facebook despite global storm

Local investors stick with Facebook despite global storm

Asset management giants Vanguard, Fidelity and BlackRock are the social network's three biggest investors globally.Other Australian fund managers with smaller positions in Facebook said they preferred to speak anonymously as they did not wish to seem insensitive to those affected by the horrific events in New Zealand last week."There absolutely needs to be greater regulatory…
Barangaroo’s ‘bird nest’ hits the market

Barangaroo’s ‘bird nest’ hits the market

"Location and design are two key elements in creating great places that people are drawn to. This building has both - a distinctive design and a prime address on the waterfront at Barangaroo," Mr Burton added.CBRE director James Parry, who has been engaged to sell the building, said it was a "trophy asset" ideally suited…
‘We are not rich’: Retirees rally against Labor’s ‘class war’

‘We are not rich’: Retirees rally against Labor’s ‘class war’

"I do not like it when one pits one generation against another, one class against another, one race against another, it is unbecoming and that is what the Labor Party plans to do," she said. This triggered an outcry after Labor's Matt Thistlethwaite denied the characterisation.'Not just the mega wealthy'Andrew Lee, 73, says he's only…
‘Two-faced hypocrite’: Daley slammed for Asian remarks

‘Two-faced hypocrite’: Daley slammed for Asian remarks

Agrees to apologiseOn Tuesday Mr Daley said he would apologise to anyone who was offended and had used "Asia" in the geographic sense rather than to complain about racial competition.Chinese community groups didn't have any immediate response to the comments, which were made when Mr Daley was deputy opposition leader.The footage was shot by a…
Europe leads the pack in the fight against e-terrorism

Europe leads the pack in the fight against e-terrorism

In coming weeks the British government is expected to release a white paper that may propose an internet safety commissioner or social media regulator, whose remit will cover not only violent and extremist content but also online child sex abuse and fake news.It's speculated that Britain may be preparing to legislate a "duty of care"…
Janine Allis boosts housing market with $6.3m sale

Janine Allis boosts housing market with $6.3m sale

Earlier this month, a six-bedroom house in Canberra's Chapman sold for $2.33 million, $330,000 above reserve, to a buyer who had already drawn up plans to build a family home elsewhere. But Australia's housing market is still struggling to recover from a downturn that the Reserve Bank last month called "a significant area of uncertainty"…