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John Hawkins1

John Hawkins1

Senior Lecturer, Canberra School of Politics, Economics and Society, University of Canberra
I have a PhD in political science and Masters degrees in Economics and Applied Finance. I have headed the economics division at the Hong Kong Monetary Authority and been a senior economist with the Reserve Bank of Australia, Bank for International Settlements and Australian Treasury and secretary to the Senate Economics Committee.

Oil in Global Economy Series

What will the fuel excise cut save you? Not as much as the Treasurer says

Apr 05, 2022 11:52 am UTC| Economy

As an appeal to middle Australia, to the voters politicians routinely describe as working families or battlers, the Morrison governments centrepiece budget move to halve the fuel excise for six months has obvious...

How to camouflage $150 billion in government spending? Call it 'tax expenditure'

Feb 08, 2022 03:38 am UTC| Economy

This financial year the Australian government plans to spend at least A$150 billion on so-called tax expenditures tax concessions or exemptions applying to particular activities or classes of taxpayer. And thats just...

Digital Currency Revolution

What is Bitcoin's fundamental value?

Nov 13, 2021 07:44 am UTC| Digital Currency Investing

As it hits new highs, there is no shortage of bold predictions about Bitcoin reaching US$100,000 or more. Often these are based on not much more than extrapolations by people with vested interests: the price has gone up...

Digital Currency Revolution

Can Bitcoin become a real currency? Here's what's wrong with El Salvador's crypto plan

Jun 14, 2021 04:04 am UTC| Digital Currency Investing

Nayib Bukele, president of El Salvador, has got himself a pair of laser eyes on his Twitter profile at least. Laser eyes are something social media users give themselves to show they love cryptocurrency and Bukele...

The Low and Middle Income Tax Offset has been extended yet again. It delivers help neither when nor where it's needed

May 16, 2021 11:15 am UTC| Investing Law

The Low and Middle Income Tax Offset (known as the LMITO or lamington) has been given yet another new lease of life. What started in 2018 as a stop-gap until broader tax cuts were introduced, was extended because of...

Negative Rates Series

Central Banking Series

The Reserve Bank could still go negative

Feb 02, 2021 13:10 pm UTC| Economy

Few people expected the Reserve Bank to adjust its cash rate at its first meeting of the year today, and for good reason. It has been saying loudly that it is not expecting to increase the cash rate for at least three...

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Economy

Bank holidays: how a day off work affects the economy

The Queens platinum jubilee will be celebrated across the UK with parades, picnics and street parties. But perhaps the most popular event planned to mark her 70 years on the throne will be an extra day off...

McDonald's in Russia will re-open under a new name and it could be called 'Fun and Tasty'

McDonalds has formally stopped its operations in Russia this month after temporarily suspending its business in March. With its exit, the fast-food chain has sold its restaurants to a local operator, and now it will be...

POSCO Chemical, GM announce Quebec as chosen site for joint cathode plant

POSCO Chemical revealed on Friday, May 27, that it is building a new facility for the production of cathode worth $327 million. It has partnered with General Motors for this project, and they have picked Quebec, Canada, as...

Kakao's founder Kim Beom Su vacates chairman position at Brian Impact Foundation

Kakaos founder and former chief executive officer, Kim Beom Su, has stepped down as chairman of the Brian Impact Foundation, a private charity foundation that was launched last year to help innovators in technology and...

NFT Artwork on LG Display’s OLED screen auctioned off for US$6.2 million

The non-fungible token artwork created on LG Display Co.s transparent OLED screen in collaboration with Turkish media arts designer and director Refik Anadol was auctioned off for US$6.2 million. The NFT art collection...

Politics

Afghanistan: Taliban's restrictions look to make women, girls 'invisible', UN expert says

The Taliban has increasingly imposed restrictive policies on Afghan women and girls months since retaking control of Afghanistan. A UN expert who visited the country said the restrictive policies by the insurgent group...

Iran: Incident at Parchin military complex leaves one killed, one wounded

An incident occurred at Irans Parchin military complex this week, leaving two casualties. One was killed, and another was wounded in the incident, according to the countrys defense ministry. Irans defense ministry...

US Justice Department targeting Trump attorneys, advisers in fake electors investigation

The US Justice Department has mostly kept silent about its ongoing investigations, particularly probes related to the attempt by Donald Trump and his allies to overturn the 2020 elections and stay in power. With the focus...

US GOP Rep. Jim Jordan demands to see all evidence against him before complying to Jan. 6 panel subpoena

The Jan. 6 congressional committee investigating the Capitol insurrection moved to issue subpoenas to a handful of sitting Republican lawmakers in Congress. Republican Rep. Jim Jordan recently demanded that he view all the...

Science

S. Korean scientists develop magnet-based soil purification tech

The Korea Atomic Energy Research Institute had developed a method for purifying radioactively contaminated soil by using magnets to separate radioactive cesium from the soil. Cesium is most frequently found in...

Hyundai Mobis’ monitoring system reduces drowsy driving risks by 30%

Hyundai Mobis Co. has come up with an in-house brainwave-based driver monitoring system that can reduce the risk of drowsy driving by up to one-third. The system, dubbed M.Brain, is a wearable earpiece that continuously...

California start-up Bionaut Labs to send tiny robots on voyage into brains

California start-up Bionaut Labs will conduct its first clinical trials on sending miniature robots deep inside the human skull to treat brain disorders The tiny injectable robots can be guided through the brain using...

Kirin, Meiji University develop electric chopsticks that make low-salt food taste salty

Food producer Kirin and Meiji University have developed a pair of chopsticks that stimulate the taste of salt in foods with low salt content through extensive research. This technology, which has yet to be named,...

Japanese researchers develop plastic with self-repairing powers

Japanese researchers have found a way to create self-repairing plastics that can be used in many products and reduce the amount of waste now polluting the planet. It might have practical applications for home...

Technology

From glasses to mobility scooters, 'assistive technology' isn't always high-tech

This month, the first ever World Health Organization (WHO) and UNICEF Global Report on Assistive Technology was released. The WHO estimates one in three of us will need assistive technology, ranging from glasses to...

A unified cybersecurity strategy is the key to protecting businesses

Following the changes the pandemic has brought about in the business world, organizations have significantly increased their use of data and the internet. This, in turn, has increased the prevalence of cyberattacks and...

AI could help us spot viruses like monkeypox before they cross over – and help conserve nature

When a new coronavirus emerged from nature in 2019, it changed the world. But COVID-19 wont be the last disease to jump across from the shrinking wild. Just this weekend, it was announced that Australia, is no longer an...

Blizzard reveals global release times for ‘Diablo Immortal’

The free-to-play Diablo Immortal is launching in a few days, and Blizzard Entertainment has announced at exactly what time the game will go live. PC gamers can also start preparing for its arrival and start to pre-load the...

FromSoftware suggests ‘Dark Souls’ online servers are coming back soon

The long wait may be over soon for avid fans of Dark Souls. Developer FromSoftware has recently provided an update on the status of the games online servers more than four months after they were taken down...
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