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Mon 02 Jun, 2014

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Pyne insists university deregulation will force fees down

Federal Education Minister Christopher Pyne insists competition between universities will force student fees down under the Government's shake-up of the sector.

In an email sent to staff, University of Melbourne's vice-chancellor said fees may have to rise as much as 61 per cent and that students would get "nothing new for this increased debt".

But Mr Pyne told Insiders universities who hit students with excessive fees would be priced out of the market.

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The Drum

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Slashing wages could smash our economy

Contrary to the alarmist warnings from a mining chief, drastically cutting wages is not only unnecessary but would have the potential to smash our economy.

Consumption would shrink, putting the squeeze on retail and service industries and spell the end of our domestic manufacturing base. Imagine the carnage as rising defaults rippled through our financial system pushing bad debts higher and property values to slump.

Should we heed the advice of self-interested big business, we may have our own home-grown financial crisis.

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Just In

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Pyne's education gaffe draws fire from Opposition, Greens

The Federal Opposition and Greens have leapt on a mistake by the Education Minister as further proof that the Government does not understand its own budget and it does not deserve support.

From June 2016, the Federal Government wants to change the rate at which all higher education loans are indexed, meaning the effective interest rate would go from CPI to as high as 6 per cent.

But the Education Minister appeared to contradict that information yesterday, drawing quick fire from the Opposition and the Greens.

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World

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Soldiers deployed in Bangkok to thwart protests

There's been a heavy military presence on the streets of Bangkok, as soldiers try to thwart anti-coup protests.

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Business

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Regulator lacks funds to enforce foreign investment rules

A parliamentary committee has heard that regulators are largely relying on the honesty of purchasers to enforce restrictions on foreign housing investment.

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Politics

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Pyne's education gaffe draws fire from Opposition, Greens

The Federal Opposition and Greens have leapt on a mistake by the Education Minister as further proof that the Government does not understand its own budget and it does not deserve support.

From June 2016, the Federal Government wants to change the rate at which all higher education loans are indexed, meaning the effective interest rate would go from CPI to as high as 6 per cent.

But the Education Minister appeared to contradict that information yesterday, drawing quick fire from the Opposition and the Greens.

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Sport

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Qatar 'vehemently denies' latest accusation of 2022 wrongdoing

Qatari organisers of the 2022 World Cup have 'vehemently' denied accusations their successful bid was corrupt.

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Science and Technology

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Pirate Bay co-founder arrested after years evading police

The co-founder of file-sharing website The Pirate Bay, Peter Sunde, has been arrested in southern Sweden after two years on the run, Swedish police say.

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Environment

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Sediment from nearby rivers damaging Great Barrier Reef

Sediment being washed into the ocean from rivers is continuing to damage the Great Barrier Reef and is having a more widespread impact than scientists first thought.

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