Eradication, elimination, suppression: Understand what they mean before debating Australia's course

Eradication, elimination, suppression: Understand what they mean before debating Australia's course

The current surge in community transmission of COVID-19 in Victoria has brought renewed discussion of whether Australia should maintain its current "suppression" strategy, or pursue an "elimination" strategy instead. But what do these terms actually mean, and what are the differences between the two? Read more: A...

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Victoria is on the precipice of an uncontrolled coronavirus outbreak. Will the new measures work?

Victoria is on the precipice of an uncontrolled coronavirus outbreak. Will the new measures work?

I recently wrote about Victoria's surge in COVID-19 cases. On that day, Victoria recorded 11 new infections, after a few days of new cases in the high teens and low twenties. I wondered then whether the situation could be brought quickly under control. Unfortunately, it has since got much worse. On Wednesday, the state recorded 73...

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The peak time of day to do everything in your business (backed by science)

The peak time of day to do everything in your business (backed by science)

You're the boss of it all. You know how your industry operates. You know how to develop solutions and how to market and deliver them. But do you know the most effective order in which to carry out your daily tasks? When you find yourself struggling for time, energy or inspiration at certain times of the working day, there is probably ...

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Can't resist splurging on online shopping? Here's why

Can't resist splurging on online shopping? Here's why

The demand for online shopping has obviously increased since COVID-19 restrictions were put in place. But less obvious are the subtle psychological drivers behind our collective online shopping splurge. In fact, online shopping can relieve stress, provide entertainment and offers the reduced "pain" of paying online. In the l...

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How technology helps find the right people in times of crisis

How technology helps find the right people in times of crisis

Despite the continuing advances of technology, in times of crisis it's human hands we need the most to guide us through. On the front lines, it's people who make all the difference. Whether that's doctors and nurses, fire fighters and emergency responders, or even supermarket workers and call centre operators, an organisation&...

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The pieces of Australia post-coronavirus are falling into place

The pieces of Australia post-coronavirus are falling into place

Australia won't be the same post-coronavirus, but parts of the picture are falling into place. One concerns our approach to trade. It'll be a reset, not a rejection. We will continue to forge strong ties in the Asian Century with members of the Association of Southeast Asian Nations including Indonesia, Malaysia, Thailand and ...

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The costs of the shutdown are overestimated - they're outweighed by its $1 trillion benefit

The costs of the shutdown are overestimated - they're outweighed by its $1 trillion benefit

As Australia begins to relax its COVID-19 restrictions there is understandable debate about how quickly that should proceed, and whether lockdowns even made sense in Australia in the first place. The sceptics arguing for more rapid relaxation of containment measures point to the economic costs of lockdowns and appeal to the cold calculus ...

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View from The Hill: Juggling the curves as we ease the COVID restrictions

View from The Hill: Juggling the curves as we ease the COVID restrictions

With the COVID case curve currently close to the floor, Scott Morrison on Tuesday declared attention had to be directed firmly onto another curve. "Thousands of Australian lives have been saved, when you look at the experience of how coronavirus has affected so many countries around the world," he said in his update following na...

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Voluntary administration isn't a death sentence for Virgin Australia or for competition

Voluntary administration isn't a death sentence for Virgin Australia or for competition

With its plea for a A$1.4 billion government loan rebuffed, Australia's second major airline has entered voluntary administration. Virgin Australia's chief executive, Paul Scurrah, said the decision to appoint external administrators (from Deloitte) "was about securing the future of the Virgin Australia Group and emerging on ...

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The last thing companies should be doing right now is paying dividends

The last thing companies should be doing right now is paying dividends

The economic heart attack induced by COVID-19 has revealed an ugly truth many very large companies have too little cash to ride out sharp downturns. Cash flow variability, and the inability to retain earnings to buffer that variability, is one of the most common reasons small businesses fail. Because large companies have raised large ...

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The case for Endgame C: stop almost everything, restart when coronavirus is gone

The case for Endgame C: stop almost everything, restart when coronavirus is gone

  Nobody likes talking about the COVID-19 endgame, but we need to choose one. The appropriate interventions - public health, government spending, and freedom of movement - all depend on the endgame we choose. The differences between endgames amount to tens of thousands of avoidable deaths, hundreds of thousands of avoidable hospi...

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Why coordinated communications are critical in a crisis

Why coordinated communications are critical in a crisis

If the past few days have taught us anything, it's that things change quickly in a crisis. The Australian Grand Prix, Royal Easter Show and Super Rugby have all been cancelled. Outdoor gatherings of more than 500 people are banned along with non-essential indoor gatherings of 100 or more, 14-day self-isolation is imposed on all intern...

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The best entrepreneurial decision I ever made

The best entrepreneurial decision I ever made

The entrepreneurial journey can be a lonely road. In my own experience, I found that at times the entrepreneurial drive and commitment could be all encompassing. It's quite easy to get caught up in your own head or, worse yet, limited by your own (tunnel) vision.  As an ambitious business owner, I knew that I wanted to te...

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Fear spreads easily. That's what gives the Wuhan coronavirus economic impact

Fear spreads easily. That's what gives the Wuhan coronavirus economic impact

One way to count the cost of the Wuhan coronavirus is by how many people catch it, and then how many die. Another is the direct financial costs of public health measures to treat those infected and contain its spread. Yet another is the wider economic cost. But how to calculate this? Some suggest a neglible impact on the global econom...

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Economies are like unruly teenagers: How tech is using behavioural analysis to help businesses

Economies are like unruly teenagers: How tech is using behavioural analysis to help businesses

Predicting which way an economy is going to swing isn't easy. However, there are times when forecasting the winds of change are a lot tougher than others. 2019 was another stark reminder to world leaders, banks and analysts that the nuances of economics are, at best, unpredictable. In its review of the global economy in 2019, the ...

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With costs approaching $100 billion, the fires are Australia's costliest natural disaster

With costs approaching $100 billion, the fires are Australia's costliest natural disaster

It's hard to estimate the eventual economic cost of Australia's 2019-20 megafires, partly because they are still underway, and partly because it is hard to know the cost to attribute to deaths and the decimation of species and habitats, but it is easy to get an idea of its significance - the cost will be unprecedented. The deadlie...

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WeWork and the future of coworking spaces

WeWork and the future of coworking spaces

What does the future hold for coworking spaces in light of all the latest WeWork drama? Read on to find out. The rollercoaster saga of WeWork has cast its brightest spotlight on startup culture and the billions of dollars of venture capital being pumped into companies to ramp up their revenue and secure a sky-high valuation. In the mi...

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From printers to fish tanks: how cybercriminals are finding backdoors to hack into our businesses

From printers to fish tanks: how cybercriminals are finding backdoors to hack into our businesses

'Brute-force cyber attacks' powered by artificial intelligence are hacking into businesses at a rate of more than 200 million times a minute via the unlikeliest of office devices. In the wake of the Landmark White data breach case and a host of other similar hacks, it's becoming more obvious than ever that hackers are constant...

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What is your purpose? Gain trust through clear company values

What is your purpose? Gain trust through clear company values

Culture, values, purpose - pick up any marketing text written in the last decade and you'll likely be bombarded with one if not all of these terms. Don't get me wrong, they're great words. I mean, everyone likes a bit of positive psychology, right? But these four words are far more than a 2009-2019 buzzword-kit designed to mak...

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How the 'Transformation Economy' will reshape Australian retail

How the 'Transformation Economy' will reshape Australian retail

For the world of retail this decade has been all about the dichotomy of online versus physical; clicks versus bricks. It is a distinction that has confounded the dinosaurs of traditional Australian retail, leading to the demise of many purely physical retailers, and egging on the rise of online warehouse type platforms like Amazon or Aust...

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