Editor's Picks – 7 September 2014

This week in Editor’s Picks, we discuss the economics of ‘The Simpsons’, the pricing of cars, the impact of China and Canada on Australia’s economy and the Government’s plans for the RET.
Look to ‘The Simpsons’ for economics lesson – Brian Gaar
What does ‘The Simpsons’ have to do with economics? The show has provided us with laughter and entertainment for nearly 25 years, but is there more to this classic cartoon than we know? Brian Gaar takes a look into the economics of Springfield and the many lessons we can learn from its iconic residents.
Why we pay too much for cars – Leith van Onselen
Are you paying too much for your car? Leith van Onselen uncovers the reasons behind these inflated costs and the implications of the closing the local automotive industry. In the interest of consumers, he provides his thoughts and solutions to reduce car prices while still keeping the car market competitive.
Economy enters danger zone – Jacob Greber, Angus Grigg and Amanda Saunders
As a result of China’s current property crisis, there has been a fall in iron ore prices and other commodities, greatly affecting Australia’s economy. We hear from multiple economists and politicians about the drivers of the crisis and further implications.
Australia urged to follow Warren Buffett to Canada – John Kehoe
After the announcement of American Warren Buffet’s $US3.5 billion dollar investment in Canada’s fast-food business, John Kehoe takes a look at the advantages of the country’s low corporate taxes and pro-business policies. He also takes a look at the benefits Australia may obtain if we also invest in Canada’s growing economy.
The RET may be a success, but that’s exactly why it’s on the Coalition’s hitlist – Lenore Taylor
The RET or renewable energy target, implemented in order to reduce emissions and promote the use of renewable energy, has recently undergone review by the Abbott Government. In the face of its abolition, Lenore Taylor joins the debate surrounding the RET and puts forward her views about its success and implementation.

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