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The AFR View

Editorial

The Australian Financial Review’s succinct take on the principles at stake in major domestic and global stories – and what policy makers should do about them.

The AFR View

Yesterday

Also influencing the Canadian election outcome was the former Bank of England Governor’s promise to scale back and align immigration levels (which soared under predecessor Justin Trudeau) with economic capacity in areas such as housing and infrastructure.

Labor should follow Mark Carney’s lead on managing migration

It is not dog-whistling to prudently review immigration settings to match public opinion. The immigration program must retain popular support to be sustainable.

This Month

Victoria is what happens when Labor governs unchallenged

Without a robust sparring partner to take on Labor, we are left with the soft tyranny of unchecked power and the inevitable decline of the state.

Against a grim backdrop Angus Taylor put his hand up to lead the party of Menzies and Howard.

Taylor wants to lead the Liberal Party – but can anyone save it now?

It’s time for the Coalition to stop letting everyone down and get on with the job of holding the Albanese government’s stewardship of the economy to account.

ASX chief executive Helen Lofthouse: her turnaround plan isn’t up to scratch.

CEO Helen Lofthouse is gone. The ASX problems aren’t

The CHESS system debacle is emblematic of an overarching failure to prioritise the interests of its key broker, share registry and investor stakeholders.

Palestine Action Group members and supporters hold a protest against Israeli President Isaac Herzog’s visit to Australia.

Sydney protests were a failure of all sides

The only way out of the valley of tribal echo-chambers is by upholding the Enlightenment principles of open inquiry and debate in a tolerant, pluralistic public square.

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Herzog has become a lightning rod for dissent against Israel.

Herzog’s welcome visit shouldn’t limit the right to dissent

State-enforced limitations on speech rarely change minds and sanitising the public square drives extremist sentiments underground or galvanises protesters.

Postcode clusters tell the tale of out-of-control NDIS

Policy failures have enabled the proliferation of dodgy shopfront providers identified in our cluster postcodes story.

Ideally, the competitive imperative to retain members will push super funds to improve their retirement products and services.

Why ‘set and forget’ super is breaking down

With super entering its maturity phase, funds that fail to evolve to help members manage their retirement will see them increasingly vote with their feet.

At the conclusion of the economic summit, Jim Chalmers cited intergenerational inequity as a reform priority.

Chalmers’ capital gains tax plan worthy of consideration

The federal government’s plan to scale back capital gains tax breaks for investors is a symbolic move to address the legitimate grievances of younger renters.

The repeated abdication of fiscal responsibility is making it harder to tame the inflation dragon.

Bullock’s silence let Chalmers off the hook on spending

Nobody is suggesting it is RBA governor Michele Bullock’s fault that politicians act expediently. But there is room for sensible, non-partisan observations.

RBA governor Michele Bullock and Treasurer Jim Chalmers.

Budget problem needs to be part of inflation solution

Interest rates are going to stay higher for longer – particularly if government spending remains free-flowing.

Housing Minister Clare O’Neil.

Labor’s $10b housing fix is being undone by boardroom rot

Housing Minister Clare O’Neil must deliver a functional agency or risk seeing its flagship housing promise becoming a monumental administrative failure.

Sophie Ellis-Bextor performs before the match on Sunday night.

Craig Tiley leads the AO beyond the bounds of the tennis court

The Australian Open has evolved from the crown jewel of summer’s sporting calendar into a cultural juggernaut.

Almost 30 years since her incendiary anti-migration maiden speech to Parliament in 1996, Pauline Hanson is now the most popular politician in the nation.

One Nation surge a challenge to both major parties

The immigration debate touches on social cohesion in the post-Bondi environment. But deepening political polarisation is not in the national interest.

January

Inside an AWS data centre in an undisclosed, global location.

Can AI data centres save Australia’s fading exceptionalism?

Executing a successful AI data centre build-out will demand a level of political and policy co-ordination that is seldom achieved in this country.

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The $57 billion deterioration in the budget since the May election symbolises Labor’s overarching failure to practice the financial discipline required to help fight inflation.

Budget repair starts with confronting middle-class welfare

A properly designed, economy-wide carbon tax could serve as a crucial productivity measure to bolster the budget bottom line.

Inflation

Belated budget repair vital to tame inflation

The prudent course would be for the treasurer to spend the next three months crafting a deflationary budget strategy to take pressure off interest rates.

ASIC chairman Joe Longo says too many consumers are losing money when they shouldn’t.

As Longo goes, ASIC must balance risk, reward and regulation

The regulatory impulse to “protect” individuals from risk may end up infantilising investors who do have the knowledge and capacity to take responsibility for their decisions.

US President Donald Trump gestures at the World Economic Forum in Davos, Switzerland, on Thursday. Trump’s threat of use of force he now tells us, is off the table. But the problems inherent in his approach to Greenland remain.

Trump’s ‘peace through strength’ strategy expects us to do its defence duty

Unsurprisingly, the number one strategic priority of the 2026 National Defence Strategy is defending the US homeland.

Canadian prime minister Mark Carney evocatively declared the end of the rules-based world order and challenged middle powers to abandon the “pleasant fiction” that the system still functions as advertised.

Greenland is where the rules-based order went to die

Trump’s diplomatic gaslighting is a reckoning for Europe and other allies. It reinforces beyond doubt the dangers of overrelying on a capricious US for security.