Sept 2018

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Investing

Banks face years of litigation, billions in costs after Hayne

17 September 2018 | Phil Ruthven

The major banks face years of rolling litigation and potentially billions of dollars in additional compensation out of the Hayne royal commission, as plaintiff law firms prepare a series of test cases over mortgage lending practices and regulators target other areas of bad behaviour.

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News

The Economist’s new China column: Chaguan

17 September 2018 | The Economist

GIVEN his love of Chinese teahouses, Mr Yang, a retired academic from Chengdu, was born in the right place at a terrible time. Within living memory his home town, the capital of Sichuan province, had boasted more than 600 teahouses, or chaguan. Some were famous for storytellers or opera.

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Alleged fake honey's impact on Australia's bees and crops

11 September 2018 | Adele Ferguson & Chris Gillett

Key horticulture figures have echoed concerns about the need for a vibrant Australian beekeeping industry that provide bees to pollinate crops, in the wake of tests from a German lab which found that some honey sold in Australia was deemed adulterated.

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The literature of liberalism

17 September 2018 | The Economist

The fourth and final instalment in our project to build a reading list of great liberal thinkers. The definition of liberalism has long been the source of disagreement. The tension between its various strands—such as American progressivism, libertarianism and the classical tradition

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AI may not be bad news for workers

17 September 2018 | The Economist

A SPECTRE is haunting workers—the rise of artificial intelligence (AI). The fear is that smart computer programs will eliminate millions of jobs, condemning a generation to minimum-wage drudgery or enforced idleness. Never mind the robots, fear the software.

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