Greg Jericho (The Guardian 25 Apr 2019) makes some very good points in the following article. At the moment, the Australian economy is doing even worse than it has been in recent times. This is not only being ignored in the present election campaign. There is a pretence that it is going along nicely, and the budget surplus mantra has wrongly been put on centre stage. Government should be stimulating the economy. Not restricting it. Continue reading The economy is struggling and the election campaign needs to start facing up to it
Category Archives: Economy
This year’s National Budget is a con and continuation of business as usual
By Joe Montero
Make no mistake about it This year’s federal budget is an attempted con for election purposes, and its real content is to set up for a massive new cut to services. Continue reading This year’s National Budget is a con and continuation of business as usual
The Trans-Pacific Partnership is just plain no good
By Joe Montero
Among those who know something about it, the Trans Pacific Partnership (TPP) is very unpopular. The suggestion that it is about corporate greed trying to impose a multinational agenda that is not in the interests of the countries concerned is often made. Continue reading The Trans-Pacific Partnership is just plain no good
Is there going to be a housing crash or not?
By Joe Montero
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?
A major increase to Newstart would boost the Australian economy
By Adam Carlton
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 support for TPP does not help bring the change that Australia needs
By Jim Hayes
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
Poverty is growing and the economy is not
By Joe Montero
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
Criminal charges for bank officials are not enough
By Joe Montero
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
Promoters of cashless welfare card really want to cut benefits
Contributed
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
Real Unemployment accounts for over 18 percent of the workforce
By Joe Montero
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