What’s making news today By Emily Kaine
Hello and welcome to our national news live blog for Monday, August 24. Here’s what is making news today.
One Nation has been plunged into disarray over immigration policy, with leader Pauline Hanson forced to intervene and shoot down MP David Farley’s concession that the party’s headline migration figure would be scarcely different to the Albanese government’s target. A long-nosed fur seal has become the first confirmed mammal on the mainland to die of the deadly bird flu virus spreading through Australia, a development in the progression of the virus long expected but dreaded by scientists. All eyes were on the SCG yesterday as Sydney Swans fans gathered for a historic double-header of the men’s and women’s teams amid the ongoing scandal engulfing the club. Last night, this masthead revealed at least one fresh allegation of sexual assault and multiple claims of sexual conduct without consent had been made by the three women at the centre of an investigation involving Sydney Swans players at the Pullman East Melbourne. And Republicans have taken aim at Australia over its News Bargaining Incentive as veteran Republican political activist Grover Norquist warned the change is a “big deal” for the Trump administration and Canberra should expect to be hit with a trade investigation and potential penalties shortly. Latest Posts 11.28am ‘Low-growth trap’: NAB boss sends a productivity warning By Clancy Yeates
National Australia Bank boss Andrew Irvine has warned the economy risks being stuck in a “trap” of low growth, where the nation misses out on future prosperity, because of its poor performance on productivity.
NAB Group CEO, Andrew Irvine Louis Trerise Irvine has previously warned that economic conditions for Australia were “as good as it gets” and the economy was reaching its limits of what was achievable.
This morning, he said the risk now was one of poor long-term economic performance, thanks to much weaker productivity growth than other advanced economies.
“The risk now is not that we are at the peak of the mountain – it’s that we slide down the other side, stuck in a low-productivity, low-growth trap that’s been slowly strangling Australia for decades,” Irvine said at a NAB event for clients today.
11.05am Minns joins calls to e
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