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Last year, Tel Aviv was the fifth-most expensive city in the world to live in. But the Economist Intelligence Unit's (EIU) latest Cost of Living survey says the Israeli city is now the costliest on the planet. First off, the Israeli currency, the shekel, has been very strong, which makes local prices more expensive when they're converted into...
Australia has a larrikin tradition, stretching back to Ned Kelly and Henry Lawson. But, is a lot of what passes for larrikinism, a fabrication? Has it been used as a form of class cover, or has this faux-persona been exploited by political leaders for...
In this episode of the Babbage podcast, Professor Sharon Peacock, one of the world’s top variant hunters, predicts Omicron will be more transmissible than previous strains. She also discusses how the search for scientific clues…
The number of public companies that disclose or prohibit political spending hit a record this year and more corporations are assigning directors the responsibility of decision-making amid an era of hyper-partisanship. An annual ranking found that 370 companies, up from 332 last year, either ban or disclose political spending, including...
To say Australian universities are in crisis "is to state the obvious". A common narrative suggests the most immediate cause of the current crisis is “reduced international student revenue and income from investments, such as dividends” during the pandemic. However, many commentators have noted that the problems besetting Australian...
Consumer prices across the 19 countries that use the euro currency are rising at a record rate as a result of a huge spike in energy costs this year. Eurostat, the European Union’s statistics agency, said the eurozone’s annual inflation rate hit 4.9 per cent in November, the highest since record keeping began in 1997 and up from 4.1 per cent in...
There is no social media platform more important to the state of contemporary journalism than Twitter. It’s where journalists — and news junkies in need of a fix — disproportionately choose to spend their time. So, a change at the top of Twitter is significant news. This week, Twitter's CEO, Jack Dorsey, made the sudden public announcement that...
The remuneration of Australia’s highest-paid chief executives has exploded by an average of almost 70 per cent in the past year, new data shows. Kogan boss, Ruslan Kogan, enjoyed the biggest increase among the top 50 highest paid executives, his pay skyrocketing from $594,000 to almost $9m this year – an increase of more than 1,400 per cent –...
Since the pandemic and the rise in people working from home, employers’ use of employee-monitoring programs has been growing rapidly. Employers say they’re tracking workers’ activity mainly for two reasons: to promote security and to boost productivity. What monitoring tools they use and how aggressively they use them vary widely. But the...
There’s a changing of the guard underway in Australia’s banking industry, at least in terms of what investors think Australia's biggest banks are worth. Macquarie Group recently overtook ANZ Bank to become the nation’s fourth-largest bank by market capitalisation, and it wouldn’t take a dramatic change for Macquarie to also knock Westpac off...