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Opinion Opinion

Department store decline mirrors shrinking middle class

Department stores are in decline, but the rise of internet shopping isn’t the only factor. While discount and luxury retailers expand, department stores shrink to reflect the contraction of the middle class which created them, argue Jason Pallant and Sean Sands.

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More interest rate cuts unless we start spending

The Reserve Bank  cut interest rates – and may do so again within months – because nervous Australians aren’t getting pay rises, and aren’t spending enough to turn around dismal economic figures, says Peter Martin.