Economics

Pokies and dopamine: why we need mandatory pre-commitment

The sickening anti-reform campaign being run by the gambling industry against the introduction of pre-commitment technology is utterly appalling to all people with a conscience. The pokies industry is even more pernicious because it relies on neurological manipulation to encourage addiction. The Australians who become problem gamblers are being purposely exploited by the pokies industry, …

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Journalist pro-tip: Don’t ask Americans for advice Australians could take on the economy

Michael Rowland on ABC News Breakfast asked a special advisor to President Obama on their stimulus spending “what advice would you have for Australia?” The answer: something along the lines of: “I wouldn’t want to tell a country that has such low unemployment how to do things.” Journalist pro-tip: realise that in the international community, …

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Costs to reduce pollution cheaper than expected: Grattan Institute

The Grattan Institute has released a report that confirms that costs to reduce pollution, especially carbon pollution, are cheaper than governments anticipate. The report examined six market-based pollution reduction schemes, including the NSW Greenhouse Gas Abatement Scheme, the EU carbon trading scheme and the US sulphur trading scheme. In each case the outcomes diverged significantly …

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