Australia’s inflation rate is rising and set to rise further still. In the first three months of this year, it rose 5.1 percent, according to Jim Chalmers, the Treasurer of the newly elected Labor government. He has suggested that further interest rate rises are on the horizon. The Reserve Bank has not made back top back interest rises for 12 years. The last time was soon after the Global Financial Crisis. Something is in the air. Continue reading Australia’s inflation rate is rising and why this is happening?→
A few days into the election campaign and two big issues are already being ignored, the falling share of wages and the even worse opposition faced by those trying to live on social security payments. If campaigning had been about people, surely, what determines the standard of living of every adult and child in Australia would rate far greater importance? Continue reading Wages and social security justice should be at centre stage of election campaign→
Hours before Treasurer Josh Frydenberg delivers this year’s budget, the big issue is the rising cost of living beginning to push down the standard of living for millions of Australians. Instead of addressing this, the Morrison government is set on a $26 billion pork barrelling spree to shore up its fracturing political base in marginal seats. Continue reading The budget should solve rising cost of living and not pork barrel for votes→
Digital currencies are here and set to explode into the scene. To most people they are still something confined to the internet and not real. Digital currencies are very real though, and will increasingly intrude into our lives. Continue reading Are virtual currencies democratising money or a threat?→
Among industrialised nations, Australia has for some time led as the land with the highest number of hours worked by full-time employees. Australia is also up there with the number of underemployed workers. This is not surprising. Overwork and underwork dovetail neatly into a labour market designed to squeeze the worker by any means available Continue reading Australians are now working more unpaid hours→
At a time of worsening international tensions, it would make a great deal of sense for Australia to be playing a constructive role towards reducing these tensions. Sadly, with Scott Morrison and his gang in Canberra, Australia has been dragged into moves that do the opposite. Continue reading AUKUS is tied to the economic and political decline of the United States→
Official site of the May Day Committee (Malbourne)
