O75 Public Administration

RBA lifts Labor hopes of rate cut

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Original article by Jack Quail
The Australian – Page: 1 & 2 : 11-Dec-24

The Reserve Bank of Australia’s decision to leave the cash rate unchanged at 4.35 per cent on Tuesday had been widely expected. However, the RBA’s monetary policy statement has notably omitted a line which stated that the board is "not ruling anything in or out". RBA governor Michele Bullock has in turn noted that the latest wages and economic growth data has given the board some confidence that inflationary pressures are declining; however, she cautioned that the board is of the view that underlying price pressures are still too high. Bond traders have now priced in a 62 per cent chance of an official interest rate cut at the RBA’s next board meeting in February; a second rate cut has been widely tipped for April, with the federal election set to be held no later than mid-May.

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RESERVE BANK OF AUSTRALIA

Antisemitism changing nation, Albanese told

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Original article by Andrew Tillett
The Australian Financial Review – Page: 4 : 11-Dec-24

Prime Minister Anthony Albanese has told the Jewish community that the federal government will provide financial support to rebuild the Adass Israel synagogue. Albanese visited the site on Tuesday, spending 45 minutes inspecting the remains of the building and a similar amount of time in a private meeting with senior members of the Adass Israel community. Benjamin Klein, a member of the synagogue’s board, says community leaders told Albanese that the surge in anti-Semitism has "changed the fabric of Australia", and that the government must take action to address it. Police are searching for three suspects in the firebombing, which has been designated a terrorist attack.

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AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

Unions growing under Labor after decade of decline

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Original article by David Marin-Guzman, Michael Read
The Australian Financial Review – Page: 6 : 10-Dec-24

Data from the Australian Bureau of Statistics shows that the nation’s unions have recorded membership growth for the first time since 2011. Some 13 per cent of workers are now union members, compared with a record low of 12.5 per cent in 2022. The figures show that more than 1.6 million workers were members of a union in their main job in August, an increase of nearly 200,000 over the last two years. ACTU president Michele O’Neil has attributed the growth in union membership to the collective bargaining provisions of the federal government’s industrial relations reforms.

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ACTU, AUSTRALIAN BUREAU OF STATISTICS

RBA getting it wrong on jobs

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Original article by Jack Quail
The Australian – Page: 2 : 10-Dec-24

The Reserve Bank convened for its final board meeting for 2024 on Monday, with ACTU secretary Sally McManus being joined by union members outside its Sydney headquarters as she called on the RBA to cut interest rates. Melbourne University economics professor Jeff Borland, who is considered Australia’s leading labor market expert, contends the Australian jobs market is not as strong as the RBA thinks, and that its true state does not justify the RBA keeping the cash rate at 4.35 per cent; the RBA will announce its interest rate decision on Tuesday.

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RESERVE BANK OF AUSTRALIA, ACTU, UNIVERSITY OF MELBOURNE

One in three jobs at serious risk in AI revolution

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Original article by Simon Benson
The Australian – Page: 1 & 2 : 10-Dec-24

The Social Policy Group has forecast that artificial intelligence will result in ‘tectonic’ structural changes to the Australian economy and the nation’s workforce. The SPG’s report warns that these changes will be greater than any previous technical revolution. The report’s modelling suggests that in a worst-case scenario, up to 33 per cent of jobs in Australia could be impacted by AI by 2030 if there is no policy or regulatory intervention by govern­ment. The SPG has also expressed concern that Australia will fall behind other OECD economies due to the nation’s reliance on exporting raw materials and its dearth of high-value industries.

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SOCIAL POLICY GROUP

Roy Morgan Poll: Coalition increases lead: L-NP 52% cf. ALP 48%

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Original article by Roy Morgan
Market Research Update – Page: Online : 10-Dec-24

A Coalition Government, with a slim two-party preferred majority: L-NP 52% cf. ALP 48% would now win a Federal Election, the latest Roy Morgan survey finds. The rise in Coalition support came after Israeli Prime Minister Benjamin Netanyahu criticised the Albanese Government’s approach to Israel and accused the Government of taking an ‘extreme anti-Israeli position’. Netanyahu blamed the arson attack on a Melbourne synagogue – now classified as a terrorist act – on the Government’s failure to call out antisemitism more consistently and firmly. In addition, a major strike by Woolworths workers led to shortages of key goods at many stores of Australia’s largest supermarket as Australians battle a cost of living crisis.

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ROY MORGAN LIMITED, MORGAN POLL, AUSTRALIAN LABOR PARTY, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA

Travel warning for Jewish visitors to Australia after synagogue attack

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Original article by Chip Le Grand, Paul Sakkal, James Massola
The Age – Page: Online : 10-Dec-24

The Simon Wiesenthal Centre is set to advise Jewish people worldwide to reconsider non-essential travel to Australia in the wake of the arson attack on the Adass Israel synagogue in Melbourne. The US-based Jewish human rights organisation’s associate dean Rabbi Abraham Cooper says it issues travel advisories infrequently and only when fears for Jews’ safety reach crisis levels; it has not previously issued a travel warning against Australia. Meanwhile, a taskforce has been established to investigate the firebombing; sources have indicated that three suspects have been identified, and the attack is being treated as politically rather than religiously motivated.

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SIMON WIESENTHAL CENTRE

Police, ASIO taskforce to protect Jews

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Original article by Andrew Tillett, Gus McCubbing
The Australian Financial Review – Page: 1 & 4 : 10-Dec-24

The federal government has announced that the Australian Federal Police and ASIO will establish a special taskforce to investigate anti-Semitism in Australia. The decision to set up ‘Operation Avalite’ follows official confirmation that the firebombing of the Adass Israel synagogue in Melbourne has been designated a terrorist attack. Victoria Police’s Chief Commissioner Shane Patton has defended the decision to belatedly make this declaration, but federal Opposition leader Peter Dutton says it was "obvious from the start" that it was a terrorist attack. Meanwhile, Prime Minister Anthony Albanese has been criticised for playing tennis at an exclusive Perth tennis club on Saturday rather than cut short his visit to Western Australia in response to the synagogue attack.

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AUSTRALIAN FEDERAL POLICE, AUSTRALIAN SECURITY INTELLIGENCE ORGANISATION, VICTORIA POLICE

Financial stress rising as high costs continue

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Original article by Matt Bell
The Australian – Page: 16 : 9-Dec-24

Research from credit rating agency Equifax suggests that 39 per cent of Australians are experiencing financial stress. The Equifax survey has also found that about 50 per cent of Australians have reduced their discretionary spending in the last year, compared with 37 per cent in 2022. Some 50 per cent of respondents also said their biggest financial priority for 2025 is paying down debt or ceasing to live from one pay cycle to the next. Separate data from the Australian Financial Security Authority shows that the number of personal insolvencies increased by 6.4 per cent year-on-year in the September quarter.

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EQUIFAX INCORPORATED, AUSTRALIA. ATTORNEY-GENERAL’S DEPT. AUSTRALIAN FINANCIAL SECURITY AUTHORITY

PM finally acknowledges act of terror at synagogue

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Original article by Cameron Stewart, Sarah Ison, Rosie Lewis
The Australian – Page: 1 & 3 : 9-Dec-24

Prime Minister Anthony Albanese has defended the federal government’s track record on anti-Semitism in the wake of an arson attack on a Melbourne synagogue on Friday. Albanese used a press conference on Sunday to contend that his government has consistently called out the rise in anti-Semitism. He also belatedly expressed his personal view that the attack on the Adass Israel Synagogue was an act of terrorism. However, Victorian Premier Jacinta Allan has declined to do so, stating that the firebombing was an "act of anti-Semitic evil". Meanwhile, Israeli Prime Minister Benjamin Netanyahu has linked the firebombing to the federal government’s "extreme anti-Israeli position".

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AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, VICTORIA. DEPT OF PREMIER AND CABINET