The Economic Perspective 7 May 2025

The Latest Trending Economic News Curated for You by Balmoral Group Australia

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Good morning readers,

Happy Mother's Day in advance! I hope you have a pleasant weekend filled with family and appreciation.

In this week's edition, the first article considers one side of the election that is often forgotten: material waste. Perhaps it's time we rethink our means of campaigning. Also, rising house prices will continue to plague Australians, but that's alright because you may have caught some special meteorites in the sky this week.

The Oliver Palm, discovered by Australian Glen Oliver in 2015, has become a global phenomenon due to its high production of pollen, which is useful in fertilisation. The US state of California is now aiming to grow up to 17 million palms! Finally, is meat production too harmful to the environment? Take a look at this week's video for more

Happy Friday all!

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A rubbish election: voting in Australia produces mountains of waste - but there’s a better way  

More than 18 million Australians voted on Saturday, after walking past countless corflutes, reading campaign flyers and reviewing how-to-vote cards. So, what happens to these materials after polling day? Some are warehoused, ready for reuse next time around. Others are repurposed. But every election also generates a mountain of waste for landfill. Read more here.

Why is it so hard for everyone to have a house in Australia? 

Home ownership in Australia was once regarded as proof of success in life. However, it remains elusive for many people today. Prices have soared beyond wage growth, rents keep rising, and even some well-intentioned government initiatives, including those announced by Labor and the Coalition at their election campaign launches on the weekend, risk driving up demand. Find out more here.

Where and what time can I see the Eta Aquariid meteor shower from Australia?

Early risers are in for a treat, with one of the best meteor showers of the Southern Hemisphere about to peak later in the week. The shower is visible from anywhere in Australia and, if you know where to look, you might catch up to 22 meteors an hour. More here.

Glen Oliver's palm discovery in central Australia now a hit in California 

Glen Oliver could not look more at home as he walked through neat rows of date palms towering like giant spiky umbrellas under the clear blue central Australian sky. "One, two, three, four," he said, as he pointed out a few of the palms he grew from tissue culture in the plantation at the Arid Zone Research Institute (AZRI) in Alice Springs... Read more here

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