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Featured Opinion

Labor’s best policy might be admitting Red Sea defence gap

If strategy is Labor’s reason, it raises concerns. If there is no available ship, it raises another set of questions about Australia’s alarming lack of military capabilities.

The AFR View

Editorial

The AFR View

Australia’s Hunter frigate project should be sunk

Its crystal clear that the replacement ships for the Anzac class that we cannot send to the Red Sea will not provide a worthwhile capability for the Royal Australian Navy.

Rowan Moffitt

Former Admiral

Rowan Moffitt

Beware economists who won’t admit they were wrong

From an economic point of view, 2023 will go down in the record books as one of the best years ever.

Paul Krugman

Contributor

Paul Krugman

‘Hark the herald angels sing …’ But peace on earth, when?

Does the strife in the Holy Land question the relevance of Christmas, or render its message more urgent?

Albanese is running Australia like a low-energy state premier

Labor would be foolish to blame their poll slide solely on interest rates. Their problem is their model of governance belongs in the cheap-money era.

Tim Wilson and Jason Falinski

Contributor

Taiwan: A Trojan horse for Beijing?

Taiwan’s elections next month will once more focus attention on the difficulty of any future move by Beijing to absorb Taiwan.

James Curran

International editor

James Curran

The Fed should resist market bullying

The risk is that, to avoid unsettling market volatility, the Fed validates the market loosening with sizeable rate cuts but is forced to reverse course later.

Mohamed El-Erian

Global financial commentator

Mohamed El-Erian

Tip private schools out of boardrooms for a more productive Australia

Favouring the wealthy over innate talent in the education system is no way to filter what a country’s human capital might have to offer.

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More From Today

Ken MacKenzie: “It’s a unique role, and nothing prepares you for it.”

Inside the secret school for ASX CEOs

Chanticleer has been given a rare look inside the invite-only course for new ASX150 CEOs, which is the brainchild of BHP chairman Ken MacKenzie.

  • 1 hr ago
  • James Thomson
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Shippers know the Suez is always a crisis waiting to happen

The channel should still be used, when it’s safe, as the savings are great. But knowing there’s a backup is enough assurance that the global economy won’t crash.

  • Tim Culpan

How to claim your spouse’s super after they die

There’s a way to move their retirement savings to your super – this is how to get things going.

  • Meg Heffron

How to party without being an animal

These are the five things that will drive your neighbours nuts – this is what you can do to avoid them.

  • Jimmy Thomson

Yesterday

AI is front of mind for CEOs, but nearly half of workers feel unprepared.

AI is a two-speed conversation inside companies

CEOs are exploring all sorts of ways to use artificial intelligence. Their workers, however, feel unprepared for changes.

  • Anthony Macdonald
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The super variant of bracket creep

Readers’ letters on super contributions tax; net zero and offshore wind; NT chief minister, Gina Rinehart; Rex ownership; Labor performance; dividend payouts.

Markets are enjoying the December rally.

Making sense of the December market madness

Equities are on fire and Australian investors are enjoying a broad-based rally in stocks that may just be getting started.

  • Jonathan Shapiro
Th ebulls are ending the year firlmy in control.

Rally has more room to run as investors get three green lights

The market has built a head of steam in the last two months, and until there’s a clear risk to the Goldilocks soft landing scenario there is little reason for the bulls to turn.

  • James Thomson
Cryptocurrencies will be put to the market test when ETFs are developed for trading.

3 lessons from 2023’s massive crypto rally

Blockchain currencies didn’t just survive the collapse of FTX, they’ve been the investment of the year. Turns out, decentralised finance doesn’t need exchanges.

  • Niall Ferguson

The good, bad and ugly of business in 2023

Big deals, dud deals, scandals and success stories. In a year of high drama and big market moves, we look back at the winners and losers.

  • Updated
  • James Thomson

Here are 11 of the best albums of 2023

This year’s best music features songs to make you think, laugh and dance, plus something special from one of our own.

  • James Thomson and Alex Gow

This Month

Transport Minister Catherine King has yet to give a credible explanation why  Qatar Airways was blocked from expanding services to Australia.

More questions, no answers, about Turkish flights take-off

It would be in the national interest for the aviation white paper to lay out a proper pro-competition, pro-passenger framework so that regulatory decisions don’t continue to invite speculation about integrity.

  • The AFR View
Gina Rinehart’s Hancock Prospecting has had a busy year of deals.

Rinehart walks the talk with $1.7b lithium buy

Gina Rinehart’s Hancock Prospecting has been in a few lithium scraps, but has invested more in the sector than most this year. Azure Minerals is significant.

  • Anthony Macdonald
Oil prices are a key determinate of geopolitical tension, Hagai Segal says.

Red Sea oil spike is exactly what markets and central banks don’t need

Falling energy price have made the fight against inflation much easier, which in turn has boosted markets. The Red Sea attacks threaten to change that. 

  • James Thomson
Hospitals are struggling with the rising costs of recruitment, power and food,

Keeping premiums affordable requires modern healthcare

If Labor wants to keep health insurance affordable to take pressure off the public system, tougher reforms are needed to make our health system more efficient and sustainable.

  • Rachel David
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Israeli soldiers in a tunnel in Gaza.

What worries me about the Gaza war after my trip to Arab states

No Gulf Arab state will come into Gaza with bags of money to rebuild it unless Israel has a legitimate Palestinian partner and commits to a two-state solution.

  • Thomas Friedman
The role of the office in hybrid work remains an open question for our top CEOs.

Why the work from home debate is entering a new phase

Australia’s top CEOs have accepted flexible work is here to stay. But almost four years on from the pandemic, there are growing questions about productivity, culture and career development. 

  • Updated
  • James Thomson
Ukrainian soldiers during tank drills earlier this month.

Ukraine and its backers need a credible path to victory

The country no longer has a convincing theory of victory. Unless they can come up with one, Western support for Ukraine will continue to waver.

  • Gideon Rachman
A healthy second airline is essential if the industry is to aspire to be “fit for purpose”, as the ACCC’s chair Gina Cass-Gottlieb puts it.

Crunch question is whether Qantas is too big a national icon to fail?

Is Qantas to be given primacy in Australian aviation or is it really just another privatised airline in a deregulated market?

  • Peter Harbison
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Culture clash as Baby Boomers and Gen Z stop talking at work

Male managers are so terrified of getting “cancelled” that some are avoiding conversations with their young colleagues altogether.

  • Lucy Burton