Gareth HutchensVerified account

@grhutchens

ABC business reporter. Economics and finance. Former Guardian, SMH and The Age. Replies to nonsense tweets with nonsense Beatles lyrics.

Parliament House, Canberra
Joined December 2010
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  1. Retweeted
    Mar 4

    Increasingly surreal to hear abstract legal principles (rule of law, presumption of innocence) asserted time and again to justify taking no further action on sexual violence, which the legal system was never designed to address in the first place.

    10 replies 250 retweets 709 likes
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  2. Retweeted
    Mar 4

    This former Australian soldier fought the war in Afghanistan. Now he says it wasn't worth it via

    1 retweet
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  3. Retweeted
    Mar 3

    $5 billion is less than half of what Jeff Bezos made in *one day* last year.

    Jeff Bezos would pay over $5 billion a year under Warren's wealth tax
    273 replies 7,087 retweets 27,328 likes
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  4. Mar 3

    "To sway the audience's emotions is victory; for among all things it is the single most important in winning verdicts" Marcus Cicero

    1 retweet 1 like
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  5. Mar 3

    Anyway, Roy Morgan's put out a new survey today showing consumers' inflation expectations. Apparently, Australians think inflation will be 3.7% for the next two years

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  6. Mar 3

    Here's a spreadsheet that tracks the inflation expectations of the above groups. Consumers' inflation expectations are typically much higher than business owners, union officials, and market economists. Which group has had the most realistic expectations?

    1 reply
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  7. Mar 3

    What's going to happen to inflation? Who do you think has a better idea? - Consumers? - Business owners? - Union officials? - Market economists? For context, here's a graph of CPI inflation since 1956. CPI inflation is currently 0.9% (and underlying inflation is 1.2%).

    1 reply 1 like
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  8. Retweeted
    Mar 2

    Employment Minister Michaelia Cash has appointed her former Liberal colleague Bruce Billson to a $360,250-a-year role for 5 years. He was censured by the House of Reps for accepting money from a business lobby while an MP.

    58 replies 455 retweets 650 likes
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  9. Mar 2

    Interesting tidbit in the GDP release today. With overseas holidays out of the question in 2020, our spending patterns changed. Lots of money diverted to purchases of vehicles. Some car yards were big beneficiaries.

    1 reply 2 likes
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  10. Retweeted
    Feb 28

    Jay Rosen on political journalism

    Reposting. A few months ago, someone asked me for three or four changes in political journalism that might begin to right this ship. (Emphasis on begin to…)
    2 replies 7 retweets 31 likes
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  11. Feb 27

    Were JobKeeper payments supposed to flow to shareholders?

    2 replies 3 retweets 4 likes
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  12. Feb 26

    I wrote this in 2019, asking the question: "What responsibility should a Federal government accept for the way Australia’s culture changes under its reign?" We're used to thinking about economic cycles, but what about upturns and downturns in culture?

    1 retweet 6 likes
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  13. Retweeted
    Feb 26

    We're planning for jobs mediocrity HSCeco

    5 replies 31 retweets 72 likes
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  14. Retweeted
    Feb 26

    During Australia's week without news on Facebook, I took a look for at how the absence of legitimate media on the platform affected conspiracy groups. Spoiler: they adapted very fast. Have a read:

    1 reply 15 retweets 38 likes
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  15. Feb 25

    The famous Spectrum article from 1998 "I like Bob Dylan but I could take or leave his words" - John Howard, Prime Minister of Australia and "Phones: The future of work."

    1 reply 2 retweets 14 likes
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  16. Retweeted
    Feb 25

    The rise of top end wealth in the US: In 1980, the top 0.1% wealthiest Americans could buy 20% of the annual output of the US with their wealth Today the top 0.1% can buy more than a full year of US output with their wealth

    15 replies 203 retweets 367 likes
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  17. Retweeted
    Feb 25

    A decent turnout for tonight's launch in Canberra. Round one of the first Canberra EV community bulk-buy is running from 25 Feb to 26 March.

    1 retweet 4 likes
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  18. Feb 24

    Economics professor Ross Garnaut says Australia voluntarily keeps hundreds of thousands unemployed

    28 replies 233 retweets 428 likes
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  19. Feb 23

    At public lecture with Ross Garnaut He was asked why Australia’s politicians have reacted very differently to two existential threats - COVID and climate change. G says “because death concentrates the mind.” “[Whereas] the effects of CC are insidious, they creep up over time.”

    1 reply 3 retweets 16 likes
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  20. Feb 23

    First criminal conviction for JobKeeper fraud *a sole trader, not a chief executive

    16 replies 30 retweets 62 likes
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