Donald Trump’s election victory over Vice President Kamala Harris marks a historic return to the White House, with Trump promising an “unprecedented and powerful mandate” for the “golden age of America.” His campaign pledges include steep tariffs, tax cuts, deregulation, and a push to withdraw from key global agreements, with analysts noting potential global economic repercussions. Lizzy Galbraith, a political economist, highlights the role of Congress in shaping Trump’s second term presidency and the impact it will have on investors and the global economy.
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Treasury bangs the drum on ‘unsustainable’ superannuation
The Treasury has issued a warning that the Government's finances are on an unsustainable path due to the country's ageing population. Treasury chief economic adviser Dominick Stephens highlighted the increasing number of people over 65 in New Zealand, emphasizing the need for policy changes to address this demographic shift. The speech was delivered at the Chartered Accountants Australia and New Zealand annual tax conference in Wellington. Full Article
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