ABC News Daily

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Mar 12, 2025 • 15min

Can we afford ‘rip off’ insurance after Alfred?

The Prime Minister has agreed insurance companies are ripping us off and there are many Australians who would have experienced that firsthand.So, how will they respond as tens of thousands of claims are lodged after flooding in the wake of ex-Cyclone Alfred? Today, national consumer affairs reporter Michael Atkin on why premiums keep rising and what can be done to level the playing field.   Featured: Michael Atkin, ABC national consumer affairs reporter
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Mar 11, 2025 • 15min

Is Trump dragging the US into recession?

Donald Trump will impose tariffs on Australian aluminium and steel imports this week, but in the lead up, the government was still hoping for an exemption. So, how should we be dealing with the US president? The former prime minister Malcolm Turnbull, for one, isn’t holding back. His criticism of Donald Trump has landed him in the president’s firing line.But the real casualty of Trump’s trade policies can be seen on the stock markets, which are suffering heavy falls as the president refuses to rule out a recession.Today, chief business correspondent Ian Verrender on what’s got the markets so worried and what a Trump recession could mean for all of us.Update: After we published this episode, the White House confirmed Australia would not be granted an exemption on aluminium and steel imports. Featured: Ian Verrender, chief business correspondent
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Mar 10, 2025 • 15min

How China wins from Trump’s pivot to Russia

The world was shocked by Donald Trump’s oval office clash with the Ukrainian President Volodymyr Zelenskyy.The US president has been aligning himself with Russia’s view of the war in Ukraine and pressuring the Ukrainians to start negotiating, without any iron-clad security guarantees. As Donald Trump takes a less adversarial approach to Vladimir Putin, who else wins? Today, Dan Blumenthal, a senior fellow at the American Enterprise Institute, a centre right think tank, on what it all means for China’s ambitions in our region and around the world. Featured: Dan Blumenthal, senior fellow at the American Enterprise Institute
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Mar 9, 2025 • 15min

How we responded to Cyclone Alfred

Just before midnight on Friday millions of people living in south-east Queensland were told to take shelter, to go to the strongest room and stay there. Tropical Cyclone Alfred was coming their way and for most residents it was the first time they’d faced such a threat. By the next morning Alfred would be downgraded to a tropical low, even before it reached the mainland. So what happened? How did it unfold and how should we assess the warnings, preparation and response?Today, we speak to a cyclone expert and go to Lismore in northern New South Wales where the community is breathing a sigh of relief. Featured: Jonathan Nott, professor of Geoscience at James Cook UniversityJenny Dowell, Red Cross deputy team leader and former mayor of Lismore
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Mar 6, 2025 • 26min

Housing Hostages: The supply ‘solution’

For so many experts and politicians, the answer to Australia’s housing crisis is simple. Rejig zoning rules, build more homes and get Australians into increasingly dense developments. But is the supply ‘solution’ the cure-all it’s made out to be? In this final episode of our series, ABC business editor Michael Janda looks at what really needs to be done on supply and demand to make it just a little bit easier for people to buy a home. We’ll also take you to Melbourne, where apartment prices have flatlined over the past five years and first home buyers are flooding into the market. We’ll explain what it will take to finally free Australia’s housing hostages. 
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Mar 5, 2025 • 26min

Housing Hostages: Time for a crash?

Has a housing bubble ever burst without devastating pain across the economy and society? New Zealand is in a recession and home values are more than 17 per cent lower than the post-COVID peak. In Ireland, a massive house price surge and crash in the 2000s saw house prices in Dublin more than half. So, does Australia need a crash and what would that mean for all of us? Some economists think recessions are needed occasionally to reset the economy. In this episode ABC business editor Michael Janda explains how a shock wave would ripple through the economy if the housing bubble bursts. Is the medicine worth the pain? 
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Mar 4, 2025 • 26min

Housing Hostages: The blame game

How did Australia go from a place where most middle-class people could own their own house, to one where even a small apartment is out of reach for so many? You can pick your villain. Is it immigrants, investors, Howard and Costello, the big banks, or something else? In this episode, ABC business editor Michael Janda identifies the key moments and policies that cemented property as a lucrative investment, creating a mismatch in supply and demand and sending house prices to extraordinarily high levels. 
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Mar 3, 2025 • 25min

Housing Hostages: Australia in 2050

Michael Janda, the ABC business editor, sheds light on Australia’s ongoing housing crisis and its dire implications for the future. He discusses how skyrocketing home prices trap Australians in debt, delay retirement, and reshape family planning. The emotional toll on young couples struggling to find affordable homes is highlighted, alongside the growing inequality in homeownership. Janda argues that these housing woes not only disrupt individual lives but also threaten the nation’s economic stability and intergenerational equity.
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8 snips
Mar 2, 2025 • 25min

Housing Hostages: The great (investor) dream

Michael Janda, ABC's business editor, delves into Australia’s housing crisis, dissecting the harsh reality for first-time buyers grappling with skyrocketing prices. He highlights the disparity between investor success and the struggles of new home seekers. The conversation addresses the transformation of housing into a commodity, the impact of rising household debt, and the implications for future generations. Janda also considers potential solutions to boost housing supply and alleviate the mounting pressures faced by prospective homeowners.
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Feb 27, 2025 • 15min

The real mission of Musk and DOGE

Tom Nichols, a staff writer at The Atlantic, dives into the fascinating dynamics between Elon Musk and Donald Trump. He discusses Musk's surprising role at a Trump cabinet meeting, where his blend of celebrity and politics creates chaos. The conversation highlights the aggressive strategies in governmental reforms and the implications for civil services. Nichols questions the credibility of claims about government savings and the long-term effects on public trust and professionalism, posing intriguing insights into their legacy.

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