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The Latest Breaking News from OECD

Morrison stance on minimum wages branded ‘hypocrisy’ as student loans remain indexed at inflation rate

National Union of Students says the Liberal’s position on minimum pay increases is at odds with automatic indexing of student loans to CPI

The Guardian - AU

‘Over-the-top alarmism’: economists dismiss concerns wage rises cause inflation

Australia’s minimum wage is shrinking compared to median pay, bucking global trends

The Guardian - AU

Planning kids? You should know the major parties' parental leave policies before you vote

Most new Australian mothers receive government paid parental leave to support health, encourage workforce participation and balance work and family life equally with their partners. Despite this, Australia still has one of the least generous parental leave schemes in the developed world.

The Conversation

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read the most diverse news in one place.

Even if next week’s budget avoids the issue, it’s time New Zealand seriously considered a wealth tax

Tax is back in the news. Often this means a looming budget or election, as is indeed the case now, with the government’s 2022 budget delivered next week.

The Conversation

Even with unemployment low, wages fall behind cost of living. Can politicians get you a pay rise?

For some time, federal politicians have argued that wages will grow when unemployment is lower. But a new report finds the evidence does not support that and the best way for politicians to get workers pay rises is to change the industrial relations system.

ABC News

'I know a lot of people who have died prematurely' - the Greater Manchester streets where women's life expectancy is lower than in Colombia

"I don't know a woman around here who hasn't skipped a meal to make sure their children get fed"

Manchester Evening News

Tech mogul Mike Cannon-Brookes will shut down Hunter power stations if his bid gets up

Mike Cannon-Brookes, Atlassian and AGL

Newcastle Herald

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Penny Wong says annual aid to Solomon Islands is 28 per cent lower on average under the Coalition than it was under Labor. Is she correct?

Shadow Minister for Foreign Affairs Penny Wong says the Coalition has spent 28 per cent less on development assistance to the Solomon Islands than Labor did when last in government. Is that correct?

ABC News

The Coalition is guaranteeing essential services and lower tax. We can't have both

In the midst of Labor’s campaign about the cost of living, the Coalition has zeroed in on one of those costs – taxes – and guaranteed to stop them rising. Its Lower Tax Guarantee promises:

The Conversation

School exams: a major flaw in the UK’s education system

Letters: Look to Finland for a more equitable education system, writes Chris Sinha, while Michael Symonds says regurgitating information in exams doesn’t help in life and Derrick Joad accuses the government of punishing independent thinking

The Guardian - UK

Labor to support global push for minimum 15% tax rate on multinational corporations

Opposition backs OECD approach and says Australians pay more while ‘losing out on funds’ as multinationals avoid taxation

The Guardian - AU

Women in poorest parts of Merseyside die younger than those in Colombia, Latvia and Hungary

It is "a somewhat disappointing showing for the world's fifth largest economy"

Liverpool Echo

Albanese has dropped Labor's pledge to boost Jobseeker. With unemployment low, is that actually fair enough?

One of the first things Labor’s Bob Hawke did on being swept to office in March 1983 was to lift the unemployment benefit in April, seven weeks later, without even waiting for his first budget.

The Conversation

In Australia’s election campaign the silence on climate is deafening

Our major political parties – and the media – seem to have forgotten we’re heading for a cliff when it comes to temperature rises

The Guardian - AU

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Bangkok Post

Scrap hidden carbon subsidies

The latest report from the Intergovernmental Panel on Climate Change should terrify policymakers and ordinary people around the world. The IPCC warns that some disastrous climate outcomes are now likely to occur not in the distant future, but within the next 15 years, or even the next decade.

Liverpool Echo

Women in Merseyside expected to live almost eight years less than those in richer areas

Experts have called the findings 'shocking' and 'devastating'

The Guardian - UK

Women in England’s poorest areas die younger than in most OECD countries

Exclusive: average life expectancy in most deprived areas is 78.7 years, worse than the average of any OECD nation except Mexico

Newsroom.co.nz

Rod Oram: NZ both leader and laggard on environment reporting

This week's NZ environmental report must provide a new generation of insight, and a wealth of science data and analysis to measure, understand and accelerate our progress

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The Guardian - UK

China’s lockdowns will help cut global oil demand, predicts IEA

Organisation lowers its oil demand forecast as Covid measures cushion impact of lost Russian flows

The Independent UK

Developing countries ‘miss out’ on £100m in UK foreign aid after government monetises vaccine donations

Campaigners say donated vaccines should be ‘additional to the UK aid budget’ and urge ministers to prioritise overseas development funding ‘to those most in need’

The Guardian - UK

Global overseas aid climbs to all-time high, rising 4.4% in real terms – OECD

Concern expressed that figures count Covid vaccines as aid, while Britain is among EU countries accused of ‘gutting’ contributions

The Guardian - AU

Mathias Cormann calls for greater foreign aid despite role in Australian cuts

OECD leader urges increase despite previously defending Australia’s cuts while finance minister

The Guardian - AU

Factcheck: did Scott Morrison really save 40,000 lives from Covid?

Experts break down the PM’s claim, the effectiveness of Australia’s Covid response and who gets credit

Bangkok Post

BoI speeds up rejig of incentives

The Board of Investment (BoI) is accelerating the revision of investment incentives to align them with global changes and offset the impact of the new world tax regimes proposed by the Organisation for Economic Co-operation and Development (OECD).

The Conversation

One issue matters more to top economists than any other this election: climate change

Offered a menu of issues to choose from as the most important in the May 21 election, Australia’s top economists have overwhelmingly zeroed in on one.

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