The Economy, Stupid

In this engaging discussion, Ed Conway, Economics and Data Editor of Sky News and author of *Material World*, delves into the pivotal role of six crucial materials: sand, salt, iron, copper, oil, and lithium. He reveals how these resources have shaped civilization and fueled technological progress. Conway highlights the intricacies of global supply chains and the sustainability challenges of lithium mining, while also examining the essential role of fossil fuels in modern life. A captivating exploration of our material world!

Danielle Wood, Chair of the Productivity Commission, provides a deep dive into Australia's economic landscape, reflecting on nine years of change. She discusses the decline of cash transactions and the shift to telehealth post-COVID. The conversation also tackles the staggering losses from poker machines, highlighting the toll on vulnerable individuals. Wood further explores the concept of 'inheritocracy' and how property ownership deepens class divides, stressing the need for urgent market solutions to tackle these pressing issues.

Emma Dawson, Executive Director of Per Capita, and Simon Darcy, Professor of Management at UTS Business School, dive deep into the limitations of the NDIS. They discuss how despite its benefits, the NDIS needs enhancements to support individuals with disabilities in entrepreneurship and philanthropy. The conversation highlights the economic contributions of disabled individuals and the pressing need for increased accessibility in travel. They argue that a truly inclusive society benefits everyone, urging systemic changes to break down barriers.

Not many of us care for Mondays, and statistically it really is the most dangerous day of the week as opposed to Black Friday where the biggest danger is watching your money disappear.Guest:Fleur Brown from the Australian Retailer's AssociationMilad Hagani from the University of NSWAlso, why are we not spending more on upskilling and training our workforce?Andrew Barker Head of Research at CEDA

Wolfgang Munchau, former Financial Times associate editor and author of "Kaput: The End of the German Miracle," sheds light on Germany's precarious economic position. He discusses the dangers of over-reliance on Russian gas and the struggles of traditional industries adapting to digital advancements. The conversation delves into the auto industry's challenges during the electric vehicle transition, the implications of neo-mercantilism, and how state-owned banks can stifle innovation. Munchau also addresses the political ramifications of Germany's economic decline.

Professor Susan Stone, an economics expert at the University of South Australia, and Win-Li Toh, a principal at Taylor Fry, delve into Trump’s economic policies. They discuss the implications of tax cuts, increased borrowing, and how these impact global trade, especially for Australia. The conversation highlights the potential fallout of tariffs on exports and global supply chains. Additionally, they address cybersecurity challenges facing small businesses, emphasizing the need for better defenses against online threats and the risks of underestimating cyber vulnerabilities.

Joining the discussion are Peter Breadon, Program Director at the Grattan Institute, and Dr. Angie Nisson, Clinical Director of Oral Health in Northern NSW. They dive into the alarming state of dental health in Australia, emphasizing the need to include dental care in Medicare. The conversation highlights the financial strain on families, rising untreated dental issues, and the surprising link between oral health and overall well-being. They propose strategic reforms and cost-effective measures, making a compelling case for transforming dental care access in the country.

Betsey Stevenson, a Professor of Economics at the University of Michigan, shares insights on the current economic landscape alongside Robert Armstrong from the Financial Times and Christopher Rugaber from the Associated Press. They discuss the paradox of a booming economy contrasted with plummeting consumer confidence. Rising prices and pandemic disparities emerge as key themes, highlighting feelings of exclusion among younger generations. The panel also explores the impact of luxury spending despite economic anxieties, while analyzing political implications as elections draw near.

There's a seismic change heading our way that will drive up electricity and water usage and it has to do with the uptake of generative AI, including Chat GPT. Giant tech companies are investing in nuclear power for their AI-fuelled race, however data centres also need clean, drinking-quality water. Guests:Ben Geman, energy reporter at Axios.com and the author of the daily Axios Generate newsletter, covering the world of energy business and politics.David Berreby, science writer based in New YorkGordon Noble, Research Director, Institute for Sustainable Futures, University of Technology Sydney

Obesity and associated health problems cause a significant burden on health systems, but should weight-loss drugs be offered under our PBS just for weight loss?  In Britain, there is to be a trial of the weight loss drug Mounjaro, that will also seek to measure the economic impact of those benefits.  Britain's Health Minister argues that weight loss drugs will be '"life-changing, help them get back to work and ease the demands on our NHS". Guests:Dr Norman Swan, co-presenter of ABC Radio National's Health Report, and the podcast 'What's That Rash?'Jonathan Karnon, Professor of Health Economics at Flinders UniversityNial Wheate, Pharmaceutical Chemist and Professor of Academic Excellence at Macquarie University And the Albanese Government this week announced a crack down on unfair and excessive card surcharges, promising to get a better deal for Australians and small business.  The declining use of cash and the rise of electronic payments means more Australians are getting hit by often hidden surcharges.  Guest:Brad Kelly, Co-founder of the Independent Payment Forum