Speculation about the future of Australia’s housing market is gathering a head steam. Financial analysts and commentators are arguing about whether it is going to go down with a whimper or crash. The truth of the matter is that the outcome is not entirely predictable. Continue reading Is there going to be a housing crash or not?
Campaigners are calling for a substantial increase in the Newstart payment, anywhere from 75 to 200 percent. The argument is that the benefit has fallen so far behind the poverty line that a major increase is needed to restore any semblance of fairness. Continue reading A major increase to Newstart would boost the Australian economy
Labor’s decision to back the new version of the Trans-Pacific Partnership (TPP) trade agreement has caused a stir within the party and particularly within the union movement. Continue reading Labor support for TPP does not help bring the change that Australia needs
A report from the Productivity Commission just out, has revealed that the number of Australians living below the Henderson poverty line has not gone down over the past 27 years Continue reading Poverty is growing and the economy is not
The revelations coming out of the Financial Services Royal Commission have been on a scale that has led to recommendations for prosecutions over thousands of illegal acts. Continue reading Criminal charges for bank officials are not enough
The National Party has called for every Australian under 35 on a parenting payment or Newstart should receive a cashless welfare card. Continue reading Promoters of cashless welfare card really want to cut benefits
According to the latest statistics from Roy Morgan, unemployment stood at `10 percent in July. The Morgan rate differs from the 5.4 stated by the Australian Bureau of Statistics (ABS) for June, because it considers all those who would work, if they had the opportunity, and does not consider one hour of work during the survey week as being employed. The Roy Morgan is therefore much more accurate. Continue reading Real Unemployment accounts for over 18 percent of the workforce
Founding chairman of the Australian Competition and Consumer Commission (ACCC), Professor Allan Fels, has slammed the Australian Securities and Investments Commission (ASIC), and accused it of being a toothless tiger, when it comes to dealing with the misconduct of the banks. Continue reading Misconduct by banks and other financial institutions will not be stopped by tinkering at the edges
The way big commercial media reports on what is happening has narrowed down considerably in recent times. This is evident across most developed countries, and in Australia, this is even more true than in most.
Continue reading Big finance and big media are behind the new rise of fascism
It’s just not good enough. The proposed changes to the Australian Banking Association (ABA) code of conduct won’t fix what is wrong with the banks. Continue reading Australia cannot afford to be fooled by new bank code of conduct
