Small investors on the ASX are being ripped off again by Wall Street investment banks, writes shareholder activist Stephen Mayne. This time, it’s a sneaky tweak to the rules governing how companies raise new capital, and right now, there are a lot of companies raising new capital, or dying to …
Australia’s economic growth improves, but hold the champagne. Economic headwinds? Not really. Economy stronger than the OECD, Europe, Canada and the UK? Errr … no. Strong jobs growth? Sorry, no. Alan Austin runs his ruler over the latest quarterly accounts.
Australia’s government debt and the interest on that debt keep rising, despite Coalition denials. Alan Austin updates the record.
TREASURER JOSH FRYDENBERG has just increased both Federal gross debt and net debt to new all-time records.
This was revealed by Treasury and the Finance Department last Friday – just two days after Prime Minister Scott Morrison told the National Press Club that “going into 2020 the fundamentals of our economy are strong and in good shape”.
That speech was delivered just six weeks after Frydenberg announced to the world that “the Government is living within its means, paying down Labor’s debt”.
Frydenberg is blaming everyone else for Australia’s economic slump but fails to explain why we are sliding backwards faster than others in the downturn. Trump certainly isn’t admitting his woes so publicly. (ODT)
Frydenberg the Parrot named Galah ” The fundamentals are good ” “Suffering some headwinds” Has any Trasurer since Swann got economic management right? These idiots laughed when Wayne was voted the “World’s Best” (ODT)
Matching this with the same numbers for all 36 wealthy members of the Organisation for Economic Cooperation and Development (OECD) shows Australia now ranks a miserable 21st in this group. That is the lowest ranking since records have been kept.
Frydenberg hasn’t a Holistic clue what’s going on. Clutching at straws for excuses he’s failing Australia (ODT)
Forget the culture wars for a moment ask what this government has been doing for the past 6years. Ask why Vic is still the most progressive State and still the 2nd best most livable city after 7 years at the top. Morrison Dutton News Corp have been talking us down reporting that “Crime” was out of control in Melbourne when in fact the rate has been falling. This government works soley for itself is failing despite News Corp,Ch9,and the IPA (ODT)
Frydenberg told a deliberate porky to Parliament because there is no way – unless he is a compete dill, which he is not – that he did not see the same documents as Tony Magrathea before he put pen to paper.
So he knew about these when he completed his Qualification Checklist.
Lawyer Trevor Poulton threatened to bring an s44 challenge to Josh’s eligibility on the grounds that, because Frydenberg’s mother was a Hungarian citizen, Josh might have a right to Hungarian privileges. Fair question.
Well, our PM went ballistic, spitting righteous indignation from every orifice in his head plus one:
“I’ll tell you what it’s a time to draw a line on, and it’s anti-Semitism. I mean, the scourge of anti-Semitic graffiti that we’ve seen in Melbourne just this year, it is absolutely sickening and disgraceful. And for a Holocaust denier and an anti-Semite to seek to progress that agenda by pretending to have some sort of constitutional purity on Josh Frydenberg, I’m just going to call it out for what it is. And I think Australians… I think they would share that. Anti-Semitism has no place in this country.”
Poor old Trev once wrote a book titled ‘The Holocaust Denier’. I haven’t read it and I doubt the tongue-speaker in chief has either. A flick through the Amazon review indicates there is no actual denying going on apart from a character who is a denier. And I’m not talking fabric weight.
Morrison’s indignation is a total furphy.
Frydenberg misled Parliament.