The Treasury’s latest Intergenerational Report has made headlines for the following claim: “The direct impacts of higher temperatures on how we work are just one of the channels through which climate change will impact labour productivity, but one which could be significant. If global temperatures were to increase by up to 3°C or over 4°C, without adaptive changes to current ways of working, Australia’s aggregate labour productivity levels could decrease by 0.
National Cabinet – where Australia’s States and federal government get together to try to agree on national policy – reached an agreement this week to: “Build 1.2 million homes over 5 years. A better deal for renters. Planning reforms." Here’s a link to the full policy reveal, which explains that the 1.
The federal government wants to allow doctors to issue people 60-day prescriptions for certain common medicines, instead of the current 30-day limit. If you take medicine regularly, then over the course of two months you’ll buy the same amount of meds, but with one fewer visit to your doctor and pharmacy.
The Reserve Bank of Australia (RBA) will be getting a new governor this month, perhaps as soon as this week. According to The Australian: “A decision is due before the end of July, with Treasury having provided the Treasurer with a short list of candidates that Dr Chalmers will take to cabinet within the next fortnight.
Not a day goes by without someone claiming that they’re sitting on the proverbial gold mine, if only government would stump up a bit of cash. That someone is often a person who has a direct financial interest in the idea, and/or has done quite well at a previous venture, so brings survivorship bias into play.