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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

    
Australian Prudential Regulatory Authority chairman John Lonsdale told the Roundtable that the prudential regulator is undertaking cross-industry stress tests.

    Big super leans into private capital

    It makes sense for regulators to peek under the hood on non-bank lending while seeking to remove obstacles to the free and efficient allocation of risk capital.

    This Month

    Anthony Albanese can’t afford to offend the union bosses who rolled his predecessor Kevin Rudd.

    CFMEU lawlessness demands three responses

    But instead, Labor and the unions are seeking to dodge reinstating the ABCC, overhauling the governance of industry super, and scaling back Victoria’s Big Build.

    Vice President Kamala Harris has the backing of Bill and Hillary Clinton, but may still face a challenge at the Democratic National Convention in Chicago in August.

    Biden exits the Democrat dog’s breakfast

    The question for Democrat hardheads will be whether Kamala Harris is a sufficiently compelling candidate to stop Donald Trump returning to the White House.

     Kevin Rudd says people should “just chill” about what a second Trump term might mean for Australia.

    Trump’s return is no cause for chill in Australia

    Trump’s America-first populist mash-up of right-wing nationalism and left-wing economics threatens to jeopardise US leadership of the international rules-based order that benefits Australia.

    Donald Trump speaks before his own bloodied image at the Milwaukee convention.

    Trump sets out his flawed vision for America

    Donald Trump’s policies will bake inflation in, and isolate America while weakening it. The Democrats need to field a credible challenge quickly.

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    Productivity Commission pours cold water on care spending

    Jim Chalmers’ misclassification of the care economy as a driver of productivity simply underlines why Labor needs a genuine reform agenda.

    Andrew Forrest has scaled back Fortescue’s green hydrogen ambitions.

    Don’t put all energy transition eggs in one green basket

    The energy revolution is producing militant evangelists and sceptics of individual technologies. Andrew Forrest’s hydrogen retreat shows policymakers need to be more open-minded.

    The Albanese push to appoint an independent administrator is not a permanent fix.

    CFMEU’s industrial power has corrupted

    The scale of the systemic wrongdoing that has been uncovered demands a fuller judicial inquiry that must also probe the institutional enablers of the CFMEU’s crimes.

    Sir Rod Carnegie had a major influence over Australian mining, business and national economic policy in the 1980s.

    Australia’s blue blood miner, management moderniser and business nationalist

    During his heyday in the 1970s and ’80s, Sir Roderick Carnegie was a believer in the power of big corporations competing in open markets to drive human progress.

    Surely everyone knew the CFMEU’s dirty secrets?

    Given the money flows between the union, criminals, building companies and the Labor Party, cleaning out this poison must surely require action by federal or state corruption bodies.

    A  bloodied Mr Trump pumped a fist of defiance as he was whisked off stage to safety

    American democracy dodged a bullet too

    The failed attempt to take out Donald Trump might put him back in the Oval Office.

    BHP’s Nickel West refinery in Kwinana WA will be mothballed in 2027.

    Nickel is a sobering reminder of commodity fortunes

    Australia has been showered with resources export wealth for nearly 20 years. BHP’s nickel operations show we still have to get the basics of cost and productivity right.

    Middle Australia has every opportunity to rise up the income ranks, according to new Productivity Commission analysis.

    Australians need a sharp reminder of how well off they are

    A new study is an objective demonstration of why Australians have no cause to mimic the populist rhetoric that has poisoned politics in the US and Europe.

    Shipping shock glimpse of world without rules

    The Houthi missile blockade in the Red Sea driving a new spike in import freight costs shows a global exporter and importer such as Australia has a critical interest in maintaining free and open global trade.

    US President Joe Biden stands with fellow NATO leaders during a group photo in Washington DC for the alliance’s 75th anniversary.

    Ukraine remains NATO’s pressing test of global relevance

    The shadow that hangs over NATO’s 75th birthday is a strange brew of populism that now endangers the alliance’s claim to modern strategic relevance.

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    France says adieu to the centre

    Australia too faces a drift to minority government, polarisation and identity politics at the next election, which France showed how easily can go off course.

    Foreign Minister Penny Wong has criticised malicious foreign cyber activities.

    Where do Australia’s China ties go after hack?

    The public outing only raises the question of where Australia takes the matter from here, and what it expects China to do.

    With 81-year-old Joe Biden’s cognitive decline alarmingly obvious, his candidacy for the most powerful office in the world is no longer viable.

    For anyone but Trump, US needs anyone but Biden

    It’s likely Joe Biden will stumble again on the campaign trail, giving Americans more reason to make the Hobson’s choice of voting for the morally unfit Donald Trump.

    The NDIS system is not in a healthy state.

    NDIS payback for Shorten

    The new regulations are a worthwhile but modest start, and after the Coalition’s playing politics, both sides should come together to get on top of disability spending.

    The Australian Greens Pakistan-born Senator Mehreen Faruqi on Sunday went further down the road toward religious-based political tribalism.

    Reject injecting political Islam into Australia

    The British general election has underlined the dangers now facing Australia’s political and social cohesion.