This week on The Fin, professional services reporter Maxim Shanahan on why King & Wood Mallesons is struggling to manage risk and conflicts across its jurisdictions.

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Further reading:

‘We didn’t have a hope in hell’: KWM’s cautionary China tale
A corrupt wind farm deal in Montenegro, a controversial Russian legal conference and the financial problems of one of its most senior executives have thrown the spotlight on the Sino-Australian law firm.

Calls for tougher rules amid KWM drama
The senators who led the inquiry into the PwC tax leaks scandal say King & Wood Mallesons’ troubles expose flaws in the governance of top law firms.

KWM sues former global chief operating officer
King & Wood Mallesons is suing a former member of its international management committee for debt relating to loans worth more than $1 million.

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This week on The Fin, technology editor Paul Smith discusses the AI future and whether it is more likely to be utopia or dystopia.

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Further reading:
Waymo’s robot driver was too scared to take us where we wanted to go
The self-driving taxis are an experience to remember but their post LA-riot nerves rendered them unable to use human logic, and left us stranded.
Apocalypse or a four-day week? What AI might mean for you
If you’re “AGI-pilled” and you believe artificial intelligence will soon surpass humans, you’re probably worried about your job. But insiders reckon that might be the least of our problems.
From ‘lucky country’ to ‘left-behind country’: Matt Comyn’s AI warning
Executives say Australia is in danger of falling behind as the rise of artificial intelligence creates a profound change in the way people and businesses work.

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This week on The Fin podcast, Joanna Mather and Michelle Bowes on how the super tax will work, why it’s so controversial and what people are doing to get ready for it.

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Further reading:

7 ways the wealthiest will beat the $3m super tax
Investment bonds, an early inheritance for the kids or just cop it on the chin? Affected taxpayers are weighing their options.
ATO puts wealthy families on notice over $3m super tax
The new tax is not yet law but the ATO wants to understand the “behavioural responses” to the planned tax that might already be occurring.
There is a case to reform super tax breaks. But not this way
Australia’s tax breaks on retirement balances are generous. But the treasurer is going about reform the wrong way, experts say.

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This week on The Fin podcast, economics correspondent Michael Read on why the Reserve Bank is cutting rates and what it means for people like him trying to buy a house.

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Further reading:

Australia on verge of house price boom: economist
History suggests that once the RBA starts cutting, property fever hits quickly. One prominent expert says a 10 to 15 per cent price rise is coming.

Bullock flags more rate cuts as RBA slashes growth forecasts
Donald Trump’s trade war has forced the RBA to lower its projections for growth in investment, household spending and exports, as it cut the cash rate again.

House price risk won’t stop another rate cut: Bullock
Reserve Bank of Australia governor Michele Bullock expects state and federal governments to do the heavy lifting on housing affordability.

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This week on The Fin, political editor Phillip Coorey and former Labor adviser and AFR columnist Lidija Ivanovski talk about the decimation of the Opposition, the uphill battle facing Sussan Ley and the fierce debate over the Super Tax.

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Further reading:
The longer the split, the harder it will be to reconcile
Sussan Ley, who used to hold her own in shearing sheds, is playing hard ball.
It took five days for the Coalition to fall apart
Negotiations between the two parties fell at the first hurdle. When parliament resumes, the Liberals will hold all 30 shadow ministries and the Nationals will be on the crossbench.
How Albanese learnt from Labor losers and won big on Saturday
For six months, he has been privately telling his supporters that he had the plan to deliver Labor a second-term majority, and the skill to pull it off.

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This week on The Fin podcast: senior reporter Jonathan Shapiro on Buffett’s legacy and whether his catchphrase ‘never bet against America’ still stands.

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Further reading:
Fear, loathing (and hope) as finance’s elite gather in LA
Private equity titans and dealmakers converging at the Milken Institute Global Conference this week were relentlessly optimistic in public, but the tone was different behind the scenes.
US billionaire’s Sydney taxi ride sparks $6.2b super-like initiative
Michael Milken is gathering support for a plan to emulate the Australian superannuation system and give every child a $US1000 share account.
Warren Buffett steps down, delivering a parting shot against tariffs
The disciples of legendary investor Warren Buffett gathered in Omaha seeking reassurances of America’s future, instead they got a bombshell about his future.

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This week on The Fin, James Thomson and Joyce Moullakis on James Hardie’s latest controversy, why shareholders don’t get to vote and what they want to change.

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Further reading:
The great ASX investor uprising delivers very hollow victory
The hated James Hardie takeover of a US group is going ahead, but investors have at least won some important concessions.
Inside the biggest investor uprising in three decades
Investor anger over the James Hardie deal is being compared to 1993’s investor rebellion against Murdoch’s plans for “super voting shares”. Now the ASX is in the gun.
ASX compliance chief rejects rule gaming suggestion
Daniel Moran likened the ASX’s role in the controversial James Hardie transaction to that of a referee on a sporting field.

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This week, political editor Phillip Coorey, economics editor John Kehoe and economics correspondent Michael Read on what the Labor Party will do with its mandate and who the Coalition should put in its new leadership team.

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