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Peter Martin1

Visiting Fellow, Crawford School of Public Policy, Australian National University
Peter Martin is Business and Economy Editor of The Conversation and a visiting fellow at the Crawford School of Public Policy at the ANU.

A former Treasury official with an honours degree in economics, he has worked as the economics correspondent for ABC radio, as the ABC's Tokyo correspondent and as economics editor of The Age.

With Dr Gigi Foster of UNSW he created The Economists podcast on ABC Radio National. In 2016 he was made a Distinguished Alumni of Flinders University in recognition of his contribution to the community's understanding of economics.

Would you pay to quit TikTok and Instagram? You’d be surprised how many would

Jul 24, 2024 11:38 am UTC| Insights & Views Technology

Social media is a problem for economists. They dont know how to value it. It has long been argued that it ought to be in the national accounts as part of gross domestic product. One 2019 study estimated Facebook alone...

The Chemist Warehouse deal is a sideshow: pharmacies are ripe for bigger disruption

Jun 20, 2024 05:28 am UTC| Business

Theres something curious about the proposed merger between Chemist Warehouse and Sigma Healthcare. Chemist Warehouse has about 550 retail pharmacies. Sigma has another 400. Yet the law limits owners to just a handful...

Spare us the talk about a wages explosion. There’s nothing wrong with lifting Australia’s lowest wages in line with inflation

Jun 05, 2024 04:07 am UTC| Economy

What is it with the Coalition and wages? When, in the final days of the 2022 election campaign, the then opposition leader Anthony Albanese backed an increase in award wages to keep pace with inflation, his opposite...

Top economists take a modest view of the budget, and doubt inflation will fall as planned

May 27, 2024 06:33 am UTC| Insights & Views Economy

Asked to grade Treasurer Jim Chalmers third budget on his own criteria of delivering on inflation in the near term and then growth in the medium term, most of the 49 leading economists surveyed by the Economic Society of...

Central Banking Series

If the RBA’s right, interest rates may not fall for another year. Here’s why.

May 08, 2024 11:04 am UTC| Economy Central Banks

The Reserve Bank is now assuming Australians will see no interest rate cuts this year and quite possibly none before the next federal election, due next May. Thats a big change compared to just three months ago. Back...

Beyond the spin, beyond the handouts, here’s how to get a handle on what’s really happening on budget night

Apr 25, 2024 06:11 am UTC| Insights & Views Economy

Three weeks from now, some of us will be presented with a mountain of budget papers, and just about all of us will get to hear about them on radio, TV or news websites on budget night. The quickest way to find out what...

Economists say Australia shouldn’t try to transition to net zero by aping the mammoth US Inflation Reduction Act

Mar 18, 2024 09:00 am UTC| Insights & Views Economy

Australias top economists are pressing Prime Minister Anthony Albanese not to ape US President Joe Bidens think big approach to clean energy. Bidens so-called Inflation Reduction Act dubbed the largest climate...

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Economy

Mexico's Undervalued Equity Market Offers Long-Term Investment Potential

Mexicos equity market presents a compelling opportunity for long-term investors, despite political and economic challenges. Significant undervaluation compared to global peers and historical benchmarks has created an...

Marco Rubio Discusses Trade and Regional Issues with Vietnam

U.S. Secretary of State Marco Rubio held a call on Friday with Vietnams Deputy Prime Minister and Foreign Minister Bui Thanh Son to discuss trade imbalances and shared concerns over China. The discussion marked the first...

S&P 500 Posts Two-Week Winning Streak Amid Mixed Market Performance

The SP 500 achieved a two-week winning streak despite a 0.3% decline on Friday, retreating from a fresh intraday record high of 6,128.18. The NASDAQ Composite dropped 0.5%, while the Dow Jones Industrial Average slipped...

Global Currency Shifts After BOJ Rate Hike and Trump's Tariff Comments

The yen experienced volatile trading after the Bank of Japan (BOJ) raised interest rates by 25 basis points at its policy meeting, aligning with market expectations. The currency settled at 156 per dollar, with investors...

Australia Unveils $627M Incentive to Boost Construction Apprenticeships Ahead of Election

Australian Prime Minister Anthony Albanese has announced a A$10,000 ($6,281) cash incentive for construction apprentices to address labor shortages in the overstretched industry. The program, costing A$627 million over...

Politics

Trump Administration Ousts Inspectors General Across Major Federal Agencies

The Trump administration has dismissed independent inspectors general from at least 12 major federal agencies, according to the Washington Post. The affected agencies include the Departments of Defense, State,...

Trump Administration Pauses Immigration Programs for Review

The U.S. Department of Homeland Security (DHS) has paused several immigration programs allowing temporary settlement in the United States, according to The New York Times (NYSE: NYT). The decision follows a directive from...

Pete Hegseth Confirmed as U.S. Defense Secretary in Narrow Senate Vote

Pete Hegseth narrowly secured confirmation as the next U.S. defense secretary, marking a key victory for President Donald Trump despite intense opposition from Democrats and some Republicans. The Senate confirmed Hegseth...

Banks Push Back on Trump’s "Debanking" Accusations

Bank of America and JPMorgan Chase plan to lobby the White House and Congress to address accusations from President Donald Trump and others claiming they closed accounts of conservative customers for political reasons....

Canada Stands Firm Against U.S. Tariff Threats with Viral Campaign

Donald Trumps tariff threats and rhetoric about annexing Canada have inspired Ottawa entrepreneur Liam Mooney to create a unifying message. Mooney, founder of a design firm, launched hats emblazoned with Canada is Not for...

Science

Most of us trust scientists, shows a survey of nearly 72,000 people worldwide

Public trust in scientists is vital. It can help us with personal decisions on matters like health and provide evidence-based policymaking to assist governments with crises such as the COVID pandemic or climate change. In...

Astronauts on NASA’s Artemis mission to the Moon will need better boots − here’s why

The U.S.s return to the Moon with NASAs Artemis program will not be a mere stroll in the park. Instead it will be a perilous journey to a lunar location representing one of the most extreme environments in the solar...

Why Africa’s young scientists should help check the quality of climate change research

Scientific research is essential for addressing the climate crisis. The Intergovernmental Panel on Climate Change (IPCC), a United Nations body, assesses the science on climate change through its regular assessment...

White House Office of Science and Technology Policy provides in-house science advice for the president

Presidents need science advice. From climate change and pandemics to the governance of AI and the countrys nuclear arsenal, science sits at the center of a range of foreign and domestic policy challenges that reach the...

Double Moonshot: Japan’s ispace and Firefly Launch Lunar Missions

In a significant stride for lunar exploration, Japanese company ispace and U.S.-based Firefly Aerospace launched moon landers aboard a SpaceX rocket from Florida. This rare double mission highlights the growing competition...

Technology

Kia Reports Record 2024 Profits and Sets Ambitious 2025 Targets

South Koreas Kia Corp reported a record operating profit of 12.67 trillion won ($8.85 billion) for 2024, reflecting a strong performance driven by robust demand and efficient cost management. The automakers fourth-quarter...

Trump Dismisses Elon Musk's Criticism of $500B AI Project

U.S. President Donald Trump addressed criticism from Tesla CEO Elon Musk regarding a $500 billion artificial intelligence initiative announced at the White House. The project, named Stargate, involves a joint venture...

Trump Issues Order to Solidify U.S. Dominance in AI Innovation

President Donald Trump signed an executive order on Thursday to reinforce the United States as a global leader in artificial intelligence (AI). The directive aims to advance innovation by removing regulatory barriers while...

Rivian to Revolutionize Driving with 2025 Hands-Free Tech

Electric vehicle maker Rivian (NASDAQ:RIVN) plans to roll out advanced hands-free driver assistance systems in 2025 and eyes-off technology in 2026, CEO RJ Scaringe announced. These innovations aim to provide significant...

OpenAI, SoftBank, and Oracle Unite for Exclusive AI Data Centers in the U.S.

Stargate, a groundbreaking joint venture by OpenAI, SoftBank (TYO:9984), and Oracle (NYSE:ORCL), is set to transform the artificial intelligence landscape with exclusive data centers in the U.S. These centers will solely...