Deloitte Economics has just warned that Australia’s government budget deficit will balloon to $33 billion by next year’s budget in May. In part, this is to pressure the government into cutting back spending. After all, Deloitte Economics, the British accounting giant, is very much of the corporate world. But one should not ignore that there may be something in what they are saying. Continue reading The Deloitte report on Australia and the truth about the state of the economy
The COP29 climate summit in Azerbaijan has come and gone, and as expected, achieved little. There was no new agreement to cut global carbon emissions. The opportunity to ensure keeping warming below 2 Centigrade was lost.
Outside the official events, a larger than ever presence of climate activists was present in the streets and outside the building where the delegates were meeting, Thet could not be missed, and their being there added considerable pressure to what was going on inside the closed rooms. Continue reading COP29 scores another failure on effective climate action
This is big news. The United Nations has once again tried to vote for a ceasefire. Every permanent and non-permanent member, voted for it except for the United States, which used its veto power to stop it. At almost at the same time, the International Criminal Court (ICC) issued a warrant for the arrest of Israeli Prime Minister Benjamin Netanyahu and the former defence minister Yoav Gallant. A warrant was also issued for senior Hamas official Mohammed Deif. But the most important were Netanyahu and Gallant for far more serious crimes against humanity, as well as war crimes. The White house has rejected the warrants against the two. Continue reading Home War United States’ push for world domination is behind two wars
The COP29 climate talks underway in Azerbaijan involve nearly 200 governments. Now well into the second week of a fortnight of talks, the summit has produced extraordinarily little. Instead of serious discussion on practical measures to increase the reduction of carbon emission, the emphasis has been on a series of diversions, which seek to turn attention away from the real issues. Continue reading COPT29 is looking like one more climate action failure
US President Joe Biden’s move to give Ukraine the go ahead to use ATACMS missiles against Russian population centres. These missiles have been supplied by Washington. This is the latest in a line of stupid moves that has ended in the stupidest one yet. It risks escalation of conflict that threatens World War Three. Continue reading Biden’s new move to help Zelensky attack Russia risks nuclear world war
Australia is doing the right thing in supporting the United Nations resolution calling for recognition of Palestinian permanent sovereignty over land, in the occupied territories, including East Jerusalem, and the return to Syria of the Galan Heights. The resolution Also calls for Palestinian Sovereignty over water and energy. Continue reading Australia supporting Palestinian sovereignty in UN a positive step
There is always a lot of talk about the economy. The headline these days is the deepening cost of living crisis. A subscript is whether the Reserve Bank will put up interest rates or not. Then there are the unaffordable cost of housing and the rise of price gouging by retail monopolies. Sometimes we hear arguments about the budget deficit and productivity. Continue reading A better future depends on setting new priorities for the Australia economy
By Joe Montero
A huge lesson for Australia in Donald Trump’s election victory in the United States is that, like there, we have a growing frustrated and angry population. Living standards are dipping. This is particularly true for the younger demographic, which increasingly feels betrayed by the politicians and institutions. Buying a home is out of reach, and many can’t even get a proper job. They feel the political system has betrayed them. Continue reading Donald Trump’s electoral success spells out a lesson for Australia
This informative report provides evidence of the personal gain made by certain political figures out of the AUKUS deal. One of them is former Prime Minister Scott Morrison, who is the new CEO for an American owned company contracted to supply components for the nuclear submarines tied to the deal. There are other’s including one or two who used to represent the Labor Party. Talk about corruption in politics. And the submarines may not even be delivered, although the taxpayer still gets to pay for them – and the gravy train for the politicians in for a cut in the action. This is worthwhile viewing. Continue reading Video: Labor and Liberal politicians make $millions from the AUKUS money train
As Isarael’s political leadership hardens its determination to impose its will upon multiple locations by military means, it is reshaping global politics. Israel’s actions are influencing the political landscapes of nations, especially those of the western world. Continue reading Israel’s escalating violence exposes its gaping weakness
