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Tag Australian economy

Australia: Batten Down the Hatches as Recession Looms

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 →

Australia’s Conservatives Peddle Themselves as Good Economic Managers. You’ve Got To Be Joking.

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 →

Shrouded in Secrecy: Australian Prime Minister Scott Morrison Pushes Laws to Bury National Cabinet COVID Crisis Documents

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 →

Beyond the Spin: Workers’ Share of Wealth Slumps to Record Low

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 →

The Australian Government Led By Scott Morrison Sets Records in Economic Mismanagement

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 →

A Silver Bullet Cure for the Australian Government’s Excess Spending

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 →

Driving the Australian Economy off a Cliff

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 Flying Kangaroo Flies Straight Into Trouble

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 →

Government Debt Was Deepening Rapidly – well before COVID-19

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 →

Deliberately Destroying the Australian Economy

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 →

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