Tag Archives: economy

Coalition doubles Labor’s debt – in less than four years | The New Daily

Late last Friday, Australia’s Treasury quietly released a nifty statistic. It revealed that government gross debt is now $483,080,000,000.00. That’s $483.1 Source: Coalition doubles Labor’s debt – in less than four years | The New Daily

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AGL fined $124,000 for failing to declare political donations | Australia news | The Guardian

Energy giant failed to declare donations it made to NSW major parties at a time when it was seeking development approvals for projects on state’s mid-north coast Source: AGL fined $124,000 for failing to declare political donations | Australia news … Continue reading

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Posted in Political Donations, Political Tactics | Tagged , ,

Britain just got its first concrete sign that Brexit will destroy the economy | UK | News | The Independent

Britain just got its first concrete sign that the British exit from the European Union, or Brexit, will crush the nation’s economy after a grim set of PMI data released by Markit on Friday morning showed a “dramatic deterioration” in … Continue reading

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Fact check: Was Labor responsible for ‘a record deficit’? – Fact Check – ABC News (Australian Broadcasting Corporation)

Was the previous Labor government responsible for a record deficit as Mathias Cormann suggests? ABC Fact Check runs the numbers. Source: Fact check: Was Labor responsible for ‘a record deficit’? – Fact Check – ABC News (Australian Broadcasting Corporation)

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The four factors that drag Australians down

They cost us a lot but have received little attention this election campaign. Source: The four factors that drag Australians down

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The anti-business Labor hyperbole is wrong. Just look at the facts | Business | The Guardian

ABS data show private sector business investment and company profits boomed under Labor but have collapsed under the Coalition Source: The anti-business Labor hyperbole is wrong. Just look at the facts | Business | The Guardian

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Posted in Australian Election 2016 | Tagged ,

R&D CSIRO and Science Budget Cut in Australia

India recently launched a “mini space shuttle” for just $14 million. Many people commented, expressing their unhappiness at India investing in space travel while so many of their people live in poverty. The space industry is worth more than a … Continue reading

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No, conservatives are not better economic managers (Part 2)

John Menadue concludes his unmasking of the claim by Malcolm Turnbull, the media and others, that conservatives are better economic managers. Source: No, conservatives are not better economic managers (Part 2)

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Posted in Australian Election 2016 | Tagged

Panama Papers: New Investigation Uncovers List Of Suckers Still Paying Tax By The Shovel on April 10, 2016

Journalists sifting through thousands of documents from the leaked Panama Papers have uncovered a list of dumb idiots still paying income tax. The list – which includes Australians – is said to be several pages long. It could be the … Continue reading

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Defence white paper shows Australia’s ‘Cold War mentality’, says China

While the Chinese government’s response to Australia’s defence white paper was forcefully delivered, state media coverage was low-key. Source: Defence white paper shows Australia’s ‘Cold War mentality’, says China

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The new New Deal: Sanders’ economic plan would catapult U.S. economy

Source: The new New Deal: Sanders’ economic plan would catapult U.S. economy

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America’s 100 Richest People Control More Wealth Than the Entire Black Population | Mother Jones

The moneyed elite is, as you may have guessed, pretty pale. Source: America’s 100 Richest People Control More Wealth Than the Entire Black Population | Mother Jones

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Competence is not enough | The Monthly

Scott Morrison is a formidable politician, a leading contender to replace Tony Abbott, and perhaps the anointed successor to Malcolm Turnbull. But Treasury is hardly an easy stepping-stone to the Lodge. Of the 38 treasurers before Morrison, only six went … Continue reading

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Robert Reich: VIDEO: Why We Must End Upward Pre-Distributions to the Rich – Truthdig

vdnP_Tw[/embed]Source: Robert Reich: VIDEO: Why We Must End Upward Pre-Distributions to the Rich – Truthdig

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Scott Morrison To Turn Back Any Bad Economic News Found Trying To Enter Australia

By The Shovel on September 24, 2015 Any unwanted economic indicators trying to reach Australian shores will be locked up on a small island and never spoken about again, the new Treasurer has revealed. Making clear he would not comment … Continue reading

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ABC $7.30: Leigh Halfprice interviews Australian Prime Minister Tony Idiott

ABC $7.30 presenter Leigh Halfprice interviews Australian Prime Minister Tony Idiott on the subject of the Australian economy. Source: ABC $7.30: Leigh Halfprice interviews Australian Prime Minister Tony Idiott

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Economy Heading South. No One at the Helm. – » The Australian Independent Media Network

The latest figures on the health of the Australian economy as shown in the June 2015 quarter National Accounts continues to paint a gloomy picture. Meanwhile, the spin that Treasurer Joe Hockey and Finance Minister Mathias Cormann offer, is priceless. … Continue reading

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Posted in Economy | Tagged ,

Joe Hockey’s unscripted moments of truth reveal what the Government really thinks

Don’t sack Hockey. After all, it’s his slip-of-the-truth lines that give us a glimpse of the Government’s real agenda: only the rich and powerful matter. Source: Joe Hockey’s unscripted moments of truth reveal what the Government really thinks

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The Myth of the Middle Class: Have Most Americans Always Been Poor?

Source: The Myth of the Middle Class: Have Most Americans Always Been Poor? If most Americans have always been poor in the sense that counts, how shall we describe the condition of working people in the age of “secular stagnation”? … Continue reading

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Qld Palaszczuk Labor Government Delivers A Budget Surplus In Its First 5 Months | Real News One – RN1 -For Progressive People

Source: Qld Palaszczuk Labor Government Delivers A Budget Surplus In Its First 5 Months | Real News One – RN1 -For Progressive People

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Start sending banksters to gaol.

To fix Australia’s banking culture: Start sending bank CEOs to gaol

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Every Picture Tells a Story

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Tony Abbott’s ABF and excessive use of higher force

The last thing the prime minister wanted to talk about on the first day of the new financial year was the economy. Firmly on his agenda is the existential threat to Australia posed by a “death cult”, and boat people. … Continue reading

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Greek Eurozone Crisis: A Tale Of Austerity And Farce

Greek Eurozone Crisis: A Tale Of Austerity And Farce

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Australia needs good old class warfare

Bernie Sanders can give America what it needs: Some good old-fashioned class warfare

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Greece: The system versus the people

Greece: The system versus the people

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The former secretary of labor on our prison industrial complex and the need for smarter sentencing laws

Robert Reich: Mass incarceration is ruining us — and shackling the economy

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Gina Rinehart Hopeful Of Repairing Relationship With Her Estranged Money By The Shovel on May 29, 2015

Mining magnate Gina Rinehart says she is heartbroken, but holds out hope of one day mending the broken relationship with her trust fund. “She knows it will take time; there’s no quick fix,” a friend of Ms Rinehart said. “But … Continue reading

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Joe Hockey’s housing comments prompt call for crackdown on politicians using taxpayers’ funds to pay off Canberra houses – ABC News (Australian Broadcasting Corporation)

Joe Hockey’s housing comments prompt call for crackdown on politicians using taxpayers’ funds to pay off Canberra houses – ABC News (Australian Broadcasting Corporation).

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Robert Reich: Unions can save the middle class – Salon.com

Robert Reich: Unions can save the middle class – Salon.com.

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Wage Gap

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Every Picture Tells a Story

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Why Netanyahu tried to move the political discussion away from domestic cincerns in Israel

Paul Krugman Why did Prime Minister Benjamin Netanyahu of Israel feel the need to wag the dog in Washington? For that was, of course, what he was doing in his anti-Iran speech to Congress. If you’re seriously trying to affect … Continue reading

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Why Aren’t Americans Feeling the U.S. Economy’s Improvements? How much of this applies in Australia. How much does the current government want it to apply?

This post originally ran on Robert Reich’s website. The U.S. economy is picking up steam but most Americans aren’t feeling it. By contrast, most European economies are still in bad shape, but most Europeans are doing relatively well. What’s behind … Continue reading

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Hockey’s Intergenerational Report ignores biggest intergenerational issue: Fantasy dressed to sell policy their prediction to reality ratio has always been minus. This one totally avoids climate change impact on Australia.

Hockey’s Intergenerational Report ignores biggest intergenerational issue.

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No courage, no vision, no plan – Kay Lee

  No courage, no vision, no plan – » The Australian Independent Media Network.

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HSBC tax scam: Whistleblowing email to UK govt agency uncovered: But they lied. When the Wealthy,Accounting Firms,Banks,Lawyers and even the Tax office participate in the tax avoidance industry we understand why governments turn to austerity economics to pay the bills.

Tags Crime, Economy, Finance, Law, Scandal, UK An email sent by HSBC whistleblower Herve Falciani to British tax authorities, which they denied ever receiving, has been discovered by a French newspaper. HM Revenue and Customs (HMRC) denied contact with Falciani, … Continue reading

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Team Abbott: Why Oh Why???

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Abbott, Murdoch, Credlin and the point of no return

Abbott, Murdoch, Credlin and the point of no return.

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Chris Hedges: Malcolm X Was Right About America – Chris Hedges – Truthdig

Chris Hedges: Malcolm X Was Right About America – Chris Hedges – Truthdig.

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Abbott admits he’s wasting 4.3 million taxpayer dollars

January 26, 2015 Written by: Michael Taylor Tony Abbott “continues to make the most astounding, cringe-worthy gaffes that stretch all credulity” writes Jennifer Wilson. This, today from a Prime Minister who spends 4.3 million of taxpayer dollars monitoring social media, … Continue reading

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The Colossus of Cabramatta – Part Two

There’s no denying that many supporters of The Greens were taken offside by Nick Kenny’s article yesterday. One comment was made that Nick should have been more concerned with attacking the ‘real enemy’ – the Liberal Party. Today Nick does … Continue reading

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THE REAL CONSPIRACY Economic surplus comes at the cost of labour

But we should always remember that the wealth created by the private sector is not for the nation; it is for themselves. The nation always comes second. By continually producing surpluses, governments are treating the nation as second class citizens … Continue reading

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WILL ABBOTT CUT SPENDING ON DIRECT ACTION AND SAVE US $2BILL WHEN THE CARBON TAX GOES?

Abbott could spend $2bill less to achieve  the emissions reduction target of 19% set for 2020. It would boost our chances of achieving the 5% cut in  emissions on the levels of 2000.  We could  buy International credits for 20% … Continue reading

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