Tag Archives: Australian Economy

The consequences of a Donald Trump win are disastrous for the Australian economy

President Donald Trump will declare economic war on our biggest customer, wipe unprecedented amounts off global stock markets, usher in extraordinary financial instability, and risk turning the the world’s biggest economy into a basket case by pushing its national debt … Continue reading

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What’s A Rigged Economy? How the Rich keep you Poor

Source: What’s A Rigged Economy? How the Rich keep you Poor

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Posted in Wealth Inequality | Tagged ,

Malcolm Turnbull, stop dithering on tax reform and tell us what you really think

The Turnbull government has yet to explain why we need tax reform. Meanwhile, Labor is strangely coherent on tax policies. Source: Malcolm Turnbull, stop dithering on tax reform and tell us what you really think

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Google Changes Name To ‘Not A Resident For Taxation Purposes’

By The Shovel on August 11, 2015 Search giant Google has announced a new company structure and a new name that will cut in half the time it takes its accountants to fill out taxation forms. “We’re all about speed. … Continue reading

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Why the government is a brake on the economy

Peter Martin Abbott says we’re on the right path, but the numbers paint a different picture. Such exaggerated claims have eaten away at the public’s trust. Here’s what’s missing: trust. Not just between Abbott and his backbenchers, but also between … Continue reading

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A change at the top is inevitable….Editorial Peter Martin

  Tony Abbott’s tenure as Prime Minister is all but over. The division within the Liberal Party’s parliamentary ranks is clear, with 39 of its MPs yesterday voting in favour of a leadership spill. It is true that 61 voted … Continue reading

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Australian Economy

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Australian politics: the year that was 2014

The end-of-year reflections by Prime Minister Tony Abbott and Treasurer Joe Hockey were a reminder of the federal government’s surprisingly poor year. The measure has been the government’s perilous position in the polls. The surprising elements of the year that … Continue reading

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MYEFO: Foreign aid slashed again, budget deficits to balloon in mid-year update

Treasurer Joe Hockey will slash foreign aid and reveal a massive blowout in this year’s deficit when he hands down his mid-year budget update today. The ABC’s AM program understands the aid budget will be reduced to Howard-era levels and … Continue reading

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Choice consumer survey points to economic ‘pessimism’ as a third of Australians rate the economy ‘poor’

New data points to falling consumer confidence in the Australian economy, with almost a third of Australians rating it as poor, up from 25 per cent in September. The quarterly Choice Consumer Pulse Report comes on the back of last … Continue reading

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Mathias Cormann confirms job cuts as government agencies face axe

Coalition to cull 175 government agencies on Monday, according to reports, in addition to 76 closed down following budget The finance minister, Mathias Cormann, has confirmed there will be job losses across the public service amid reports the Coalition will … Continue reading

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Slash and burn, slash and burn, 175 government agencies to be cut as Joe Hockey warns of worsening budget deficit

The Federal Government is planning to axe another 175 agencies in a bid to save more than half a billion dollars over four years. Finance Minister Mathias Cormann is set to make the announcement as part of the Government’s budget … Continue reading

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The Australian economy is heading down a slippery slope. Successive data released by the Australian Bureau of Statistics this week is all pointing in the same direction. Last week the national accounts figures showed national growth below trend at 0.3% … Continue reading

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The electorate was hoping for something better By ABC’s Barrie Cassidy

 The Government needs a clear economic message. There is none. (AAP: Dean Lewins) Self-serving rhetoric in opposition and mixed messages in government make it very hard for the Abbott Government to get back on track in 2015, writes Barrie Cassidy. … Continue reading

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An Economic Agenda for America: 12 Steps Forward: Abbott is taking us on a downhill path..take advice

Sen. Bernie Sanders The American people must make a fundamental decision. Do we continue the 40-year decline of our middle class and the growing gap between the very rich and everyone else, or do we fight for a progressive economic … Continue reading

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Posted in Corporation welfare, Middle class deteriation | Tagged , | Leave a comment

It’s not Rocket Science

The shortly to be released Mid-Year Economic and Fiscal Outlook (MYEFO) for 2014/15 is expected to tell us what we already knew. There is a blowout in the current budgeted deficit from $29 billion to $34 billion. By any measure … Continue reading

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Posted in Not rocket science, Swan/Hockey | Tagged | Leave a comment

Youth unemployment a key challenge as boomers retire

A new report highlights one of Australia’s greatest economic challenges: convincing employers to take on young people to replace retiring baby boomers. The latest AMP NATSEM (National Centre for Social and Economic Modelling) report focuses on the labour market and … Continue reading

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Tony Abbott achieves the impossible: unity among economists

Economists are refuting the three big picture claims made by the government: 1) We have a budget emergency 2) We have a debt crisis and 3) The carbon tax was ruining the economy There’s a joke about economists: if you … Continue reading

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Posted in Corprate government, IPA, News Corp | Tagged , | Leave a comment

We know Abbott’s budget emergency is fake. So where are his real enemies?

Tony Abbott’s fair-weather allies got their wishes because they encountered little real opposition from social movements over the past six years. That has to change Tony Abbott’s Australia could be an updated incarnation of the film Pleasantville. Instead of 1950s … Continue reading

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Gerry Brown did it in California and turned the world’s 8th biggest economy around

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Posted in 1%, shrink the gap | Tagged , | Leave a comment