Vital Signs: Australian and US rate cuts underline seriousness of the coronavirus crisis

By Richard Holden, Professor of Economics, UNSW This week the Reserve Bank of Australia did something everyone expected and the US Federal Reserve did something almost nobody expected. Both are revealing. At its monthly meeting Australia’s central bank cut official interest rates by 25 basis points to a record low of 0.5%. The Fed cut…

Economic growth near an end as Treasury talks of prolonged coronavirus downturn

By Peter Martin, Visiting Fellow, Crawford School of Public Policy, Australian National University Australia’s three-decade run of near continuous economic growth is set to end, with treasury warning of a hit to growth of “at least” 0.5% in the first quarter of this year, potentially followed by a “prolonged downturn”. If it came to pass,…

Focus on waste-to-value for inaugural World Engineering Day 

Wednesday is the first UNESCO World Engineering for Sustainable Development Day, with the Australian Academy of Technology and Engineering has used the occasion to highlight the importance of engineers in Australia’s waste management challenges.   Engineers would play a key role in the country turning its waste – currently totally 67 million tonnes a year…

Four bins might help, but to solve our waste crisis we need a strong market for recycled products

By Jenni Downes, Research Fellow, BehaviourWorks Australia (Monash Sustainable Development Institute), Monash University Australia is still grappling with what to do with the glut of recyclable material after China closed most of its market to our recycling in 2018. Now the Victorian government has released the first major change to state recycling policy: a consistent…