What does the Reserve Bank’s lowering of the interest rate again really mean?

By Joe Montero

After a great deal of speculation, the Reserve Bank of Australia cut the interest rate from 0.75 to 0.5 percent on 3 March. The move has its fans and critics. The truth that many seem to miss the point. Whatever the intention, the power to arbitrarily effect the interest rate is seriously limited. Continue reading What does the Reserve Bank’s lowering of the interest rate again really mean?

Suicides continue in the Kimberley with communities waiting for the Government to act

Suicide among young Frist Nation people in West Australia’s Kimberly is an epidemic, made all the worse by ongoing government neglect. Recommendations from a coronial inquiry have not been implemented yet. This is a crisis deeply rooted in the history of marginalisation, and sense of hopelessness faced by the dispossessed. Claire Moodie and Erin Parke (ABC Kimberley 29 February 2020) write about how this affects the families and communities of those who have died. Everyone should read this. Here is a crisis crying out for something to be done about it. Continue reading Suicides continue in the Kimberley with communities waiting for the Government to act

Official site of the May Day Committee (Malbourne)

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