Economy
Thousands come out against Adani coal mine
By Jim Hayes On Saturday, thousands took part in events around Australia, observing the national day of action to oppose the proposed Carmichael coal mine in Queensland’s Galilee Basin.
Economy
Economy
Toyota Altona plant closure and the death of the car industry
By Joe Montero The Toyota manufacturing plant in Melbourne closed last Tuesday. For Australia, this is the second last act that will put an end to the 92-year-old car manufacturing industry. The last to go […]
Economy
Reserve bank maintains the rate of interest at a record low
By Joe Montero Something is going on. The Reserve Bank has just kept the official rate of interest at a low 1.5 percent for the thirteenth time in a row.
Economy
Commbank scandal demands appropriate action
Contributed by Joe Montero Commbank’s participation in money laundering and its failure to come clean, even after the scandal was exposed, underlines the need for appropriate action to clean up the banking system in Australia.
Economy
Video: What happens when they cut wages?
If you think cutting wages is the way to create jobs, this little video clip provides a simple explanation why this is not true.
Economy
Privatisation has damaged the economy says ACCC chief
Patrick Hutch (The Sydney Morning Herald 27 July 2017) reports that Rod Sims, the head of the Australian Competition and Consumer Commission (ACCC), stating that the sale of public assets has harmed the Australian economy. […]
Economy
Turnbull allows another Aussie ship to sail over horizon
From the Maritime Union of Australia (MUA) The Turnbull Government must stand up for Australian jobs in blue water shipping after its administration of coastal shipping rules encouraged a major international employer to dump the […]
Economy
Unions call on super funds and government to act on affordable housing
From New South Wales Unions covering teachers, police and other emergency and those working in other emergency services, have taken on the issue of housing affordability. They find that many of their members are struggling […]
Economy
Australian households are not becoming better off
by Jim Hayes Australian Bureau of Statistics (ABS) information shows that total household wealth stood at a record $9.6 trillion at the end of March, which is 2.4 percent higher in one quarter. This is […]
Economy
The Aussie dollar is being hammered
By Joe Montero Yesterday’s headline was that the Australian dollar went down yesterday by 0.7 percent, after the Reserve Bank announced it was going to hold the interest rate steady at 1.5 percent percent . […]