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
The proof is in. A personal debt bomb is ticking, and it has the potential to pull the Australian economy down the drain, if something is not done about it. Continue reading Australia’s debt crisis is real and needs to be dealt with
Continue reading Corporations invested their Trump tax cuts into failing stock buybacks
By Joe Montero
According to the government and reported by much of the media, the average adult in Australia has an income of $84,600. The so how does this match up with the reality that most seem to find themselves on the other side of this line? Continue reading Average income is much less than we are being told
