Treasurer pledges big spending budget and lower jobless rate; Joseph Longo appointed new ASIC chair as James Shipton retires hurt

Josh Frydenberg has given a commitment that the federal government won't be resorting to austerity to pay for its  massive emergency response during the pandemic induced economic crisis. 

Instead the Treasurer has flagged a big spending budget in a fortnight's time setting itself the target of getting unemployment well below five percent in a bid to lift stagnant wages. 

Also, lawyer Joseph Longo has been appointed as new chair of the corporate regulator ASIC as current chair James Shipton retires hurt despite being cleared over a tax expenses scandal.

Here's my analysis from The World Today