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Afghanistan’s Future Held Hostage by the Taliban
The world will mark the 15th anniversary of its military operations in Afghanistan under a dark cloud. After all the efforts of a coalition of 40 powerful countries, over...
To Understand Britains Coal Industry is to Understand Britain
The reign of King Coal is a story that is central to fully understanding modern Britain. Coal powered the industrial revolution. It employed over a million miners at the...
It’s Christmas (Tree) Time All Year Long
At this time of year, it is worth reflecting on the huge influence that Christmas can have on production and consumption patterns. Christians may worry that their sacred celebration...
Microcredit’s ‘Foundation of Sand’
Thirty years ago, the international development community was in a state of high excitement. The perfect market-affirming solution to poverty in developing countries had apparently been found - microcredit,...
Not OK Gifts that are Actually OK
There are many social norms that dictate gift-giving, including when, how and what to give as gifts. Interestingly, these norms don’t seem to be about making sure that recipients...
How Long Can Interest Rates Stay Low?
When a central bank lifts interest rate targets by 0.5% it expects households and firms to respond. In a crisis, the official target may fall by 3% in order...
The Foreign Source of Australia’s Housing Boom May Be Overstated
House prices rose by an average of 64% in Sydney and Melbourne in the decade from 2004 to 2014. At the same time foreign investment proposals in developed real...
Reforming Your Way Out of an Oil Price Crush
It has been a turbulent year for oil. Prices were strong in summer 2014, before plummeting in the second half of that year. After a modest stabilisation in early...
A Corporate Tax (Avoidance) Lesson from Down Under
With much anticipation and very little fanfare the Australian Taxation Office quietly released information about corporate tax entities with a total income of $100 million or more for the...
Australia’s Win is ISDS’s Gain
Christmas has come early for advocates of tobacco control, with tobacco giant Philip Morris’s lawsuit against Australian plain packaging legislation ruled invalid. Australia will not have to pay any...