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Universities: Bailout or Restructure?
A spokeswoman for the Vice Chancellors of our major Universities said that they had advised the Minister, Dan Tehan, that unless they got...
Peter Francis Fenwick
Jun 18, 20203 min read
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Paying for COVID-19
If the government pays citizens who are not working, and refunds businesses who employ people who have nothing to do, this is not...
Peter Francis Fenwick
Apr 2, 20202 min read
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Discretionary Saving
For the time being there are lots of things we cannot spend our money on. What will we do with the money we save? In response to the...
Peter Francis Fenwick
Mar 29, 20202 min read
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Exploitation or Opportunity?
The other day I met my old friends Marcia and Ann for lunch at Babka in Brunswick Street. It was good to catch up again. Babka is just a...
Loretta Lockesmith
Sep 4, 20197 min read
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Minimum Wage Keeps Youth Unemployed
In the spirit of the famous Harvester case, ACTU secretary Sally McManus is proposing an overhaul of the national minimum wage to better...
Peter Francis Fenwick
Nov 2, 20176 min read
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Striving for Perfection
On a recent visit to Dubrovnik, Jill and I chanced upon a fish restaurant in the Old Port area – Riblji Restoran Proto. It was a serendipitous experience. Established in 1886, it is now owned by Mato Durovic, who has been a major influence in the hospitality business in Dubrovnik for fifty years. I have always admired well-run businesses. There is something exciting and satisfying about people working together to achieve the best they can. Proto was a fine example of this,
Peter Francis Fenwick
Aug 15, 20172 min read
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Sunday workers to lose $6,000 per annum
Last week, when the Fair Work Commission handed down its decision to reduce Sunday penalty rates by up to 25%, the headline response from the ACTU (Ged Kearney) and the ALP (Mark Dreyfus) was that this would result in a loss of up to $6,000 per annum for affected workers. This claim should not go unchallenged. Intuitively one can tell immediately that it is an exaggeration. For a 25% reduction in Sunday pay to result in a $6,000 loss, the worker’s pay would need to have be
Peter Francis Fenwick
Feb 27, 20171 min read
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The Miracle of Pricing
The miracle of pricing is that it enables individuals to be part of a world-wide supply chain, each prospering by doing their bit without...
Peter Francis Fenwick
Jul 1, 20163 min read
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The Swedish Model Failed Too
Bernie Sanders candidacy for Presidency of the United States has put Socialism back on the political agenda. How could such a failed...
Peter Francis Fenwick
Feb 25, 20164 min read
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In Praise of Family Business
"The purpose of business is to create customers."
Peter Drucker
Peter Francis Fenwick
Feb 11, 20162 min read
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