Tag Australian economy
TOTT NEWS Dramatically rising costs of living are provoking fears of a recession, if not another Great Depression. Mid-year Australia’s Council of Financial Regulators reviewed the nation’s economic crisis management arrangements in the wake of recent overseas collapses. “The council… Continue Reading →
By Paul Collits Australia’s economy has, as long as we can remember, relied upon mass immigration, including by, but not limited to, Asian students on a visa pathway, to keep the place afloat. It is a Ponzi scheme. Since we… Continue Reading →
John Hawkins, University of Canberra The latest national accounts tell us Australia’s economy grew by just 0.2% in the three months to March. It’s the weakest growth since the economy shrank during the COVID lockdowns, and, before that, the weakest… Continue Reading →
By Alan Austin: Independent Australia. The latest official data on Australia’s economy reveals serious structural problems making all workers poorer, as Alan Austin reports. A RECENT EMAIL from the office of Dr Jim Chalmers mysteriously lost the first letter of his title, thus describing… Continue Reading →
John Hawkins, University of Canberra Inflation jumped from 5.1% to a new long-term high of 6.1% in the June quarter, a rate matched only by short-lived jump caused by the introduction of the goods and services tax, and not exceeded… Continue Reading →
Peter Martin, Crawford School of Public Policy, Australian National University. Homeowners will face mortgage rates near 5.5% in a little over a year, according to a survey of 22 leading Australian economists. The Conversation’s 2022-23 forecasting survey predicts an increase… Continue Reading →
Michael West: Michael West Media. Recession is likely. Share markets, bonds, property, crypto; it’s all falling, just as the cost of living is soaring and central banks around the world are hoisting rates to crush demand and curtail rising prices. Michael… Continue Reading →
By Alan Austin: Michael West Media. The Coalition as “superior economic managers”? The data demonstrates the polar opposite. Alan Austin looks at the leading measures of economic performance over 10 years and finds Australia has slumped sharply against other nations. The bright… Continue Reading →
By Paul Gregoire: Sydney Criminal Lawyers Blog At the state and federal levels, there were legislative mechanisms in place to respond to the public health crisis that is COVID-19. As these laws and regulations were drafted, the particular disease they would be… Continue Reading →
By Alan Austin: Michael West Media. Workers now have the lowest share ever of the nation’s earnings. Under-employment is even worse now than it was late last year. Alan Austin looks behind the spin to report the true state of… Continue Reading →
Part One: Alan Austin. Independent Australia. As the Coalition approaches the eighth anniversary of its election, Alan Austin surveys some of this regime’s most destructive records. THE MORRISON GOVERNMENT passed its third anniversary last week. The Coalition will soon celebrate eight years… Continue Reading →
By Michael West If it’s good enough for tennis stars and entertainers, it’s good enough for multinational tax avoiders and consultants. Michael West addresses the Senate Inquiry into Finance and Public Administration. This is an edited version of the opening statement to… Continue Reading →
By Tarric Brooker with Independent Australia A huge number of Australians will be plunged into poverty overnight as others get to renovate their homes — courtesy of Australian Government programs. Tarric Brooker reports. Prime Minister Scott Morrison has begun pulling back stimulus measures, despite… Continue Reading →
Australia’s Transport Workers’ Union is calling on the Federal Government to implement a national plan to lower the risk of infection and spread of COVID-19 in aviation as Qantas announces changes which the union claims fall short of measures of… Continue Reading →
By Alan Austin The Coalition won the 2013 federal election beating their chest about Labor’s “debt and deficit”. Thanks to COVID-19, we’re unlikely to see a surplus in our lifetime or our children’s. But, let’s not forget that the current… Continue Reading →
Fiscal Stimulus on Steroids The government which brought the nation some of the most expensive electricity in the world, worst, read truly abysmal internet, plummeting educational outcomes, highest household debt and soaring costs of living is in the act of throwing… Continue Reading →