The Fin

Join James Thomson, a prominent columnist for The Australian Financial Review, and Lucy Dean, a wealth reporter, as they explore the emergence of 'inheritocracy' in Australia. They discuss how inherited wealth is reshaping social mobility and innovation, particularly for younger generations. The conversation delves into how financial status is influencing modern relationships, with more individuals scrutinizing their partner's wealth. They also tackle the growing wealth gap and the urgent need for discussions on tax reform to address housing and economic challenges.

Join Ayesha de Kretser, a Senior reporter at The Australian Financial Review, and Anthony Macdonald, a Chanticleer columnist, as they dissect Virgin Australia’s dramatic return to the stock market. They delve into the challenges of operating in a volatile industry, exploring why Australia seems stuck with only two main airlines. The discussion highlights Virgin’s impressive IPO amid a tumultuous market and examines the future of domestic aviation, raising questions about competition and investor confidence in an industry still recovering from recent upheavals.

Maxim Shanahan, a professional services reporter at The Australian Financial Review, uncovers the dramatic struggles of King & Wood Mallesons, from governance failures to chaotic mergers. He discusses the challenges of navigating legal ethics in a complex geopolitical landscape, including controversial dealings in countries like Montenegro. Shanahan also highlights how internal conflicts and accusations of corruption put the firm under scrutiny, echoing broader concerns about law firm governance in a globalized world.

In this discussion, Paul Smith, Technology Editor at The Australian Financial Review, sheds light on the future of AI and its potential to reshape society. He contrasts the prospects of a utopian four-day work week with fears of widespread job displacement. The conversation dives into Australia's lag in AI regulation and the need for proactive measures. Smith also tackles the alarming possibilities of artificial general intelligence, posing the question: will we thrive or face a dystopian reality?

Joanna Mather, Wealth editor at The Australian Financial Review, and Michelle Bowes, a reporter at the same outlet, dive deep into the controversial proposed superannuation tax changes in Australia. They discuss the implications of taxing super balances exceeding $3 million and how this could affect wealth distribution. The duo explores strategies taxpayers might adopt in response, the debates surrounding unrealised gains, and the potential for increasing wealth inequality. With expert insights, they shed light on the emotional and financial stakes at play.

In this engaging discussion, Michael Read, economics correspondent for the Financial Review, shares his insights on the Reserve Bank's recent interest rate cuts and their implications for the housing market. He explains how historical trends suggest that when rates drop, property prices often spike dramatically. Read touches on the anticipated 10-15% increase in housing costs, the challenges faced by first-time buyers, and the impact of global economic changes on local markets. He also reflects on the important role of government support in making housing more affordable.

Phillip Coorey, Political editor for The Australian Financial Review, and Lidija Ivanovski, a former Labor advisor and columnist, dive into the turmoil within the Coalition. They discuss the dramatic split and the uphill struggle facing Sussan Ley as the first female leader of the Liberals. The guests explore the implications of Labor's Super Tax and its impact on wealth distribution and governance. They also highlight the need for the Liberal Party to reclaim its core values amidst a challenging political landscape, facing a strengthened Labor Party.

In this engaging discussion, Jonathan Shapiro, a senior reporter at The Australian Financial Review specializing in business and finance, dives into Warren Buffett's retirement and its implications for America. He explores Buffett's enduring legacy and whether his famous mantra still holds true. The conversation also touches on the contrasting optimism at the Milken Institute Global Conference versus underlying economic concerns. Additionally, Shapiro examines the future of Berkshire Hathaway and its next chapter under Greg Abel's leadership.

James Thomson, a knowledgeable Chanticleer columnist for the Australian Financial Review, is joined by Joyce Moullakis, an Associate Editor covering corporate deals. They dive into the controversial $14 billion acquisition by James Hardie that occurred without shareholder voting rights. The discussion highlights investor backlash and the implications for corporate governance. They emphasize the need for transparency and shareholder participation, as major fund managers push back against the perceived disenfranchisement and call for rule revisions in the ASX.

Phillip Coorey, political editor at the Australian Financial Review, and John Kehoe, its economics editor, dive into Labor's remarkable election win. They explore the sweeping shifts in voter sentiment and the implications for the Coalition's leadership. The discussion highlights the impact of social media on campaigning and critiques the opposition's approach to energy policy, particularly nuclear debates. They also unpack vote counting controversies and assess how Labor's strengthened position could influence future governance and economic policies.