Australia economy


Fielding the last man standing in stimulus fest

It’s hard to get excited about the unfolding drama of the Senate’s consideration of the stimulus package, writes Bernard Keane.

How Australia can reclaim Rio and embrace the Chinese

Did Nambour High equip Kevin Rudd and Wayne Swan to deal with all this at once? asks Stephen Mayne.

Fielding’s $4b stimulus hurdle

Steve Fielding is looming as the biggest threat to passage of the Government’s stimulus package through the Senate. And that’s exactly how the Government wants it, writes Bernard Keane.

SackWatch: Ninemsn… MacBank… Harvey Norman… GE…

Crikey’s SackWatch continues apace with a spate of sackings, disappointing employment data and job surveys upping the pressure on the Senate to pass Kevin Rudd’s $42 billion stimulus package, writes Andrew Crook.

Hewson: We could see an election this year

At best, the Rudd Government’s second stimulatory package will just buy some time — simply delay the inevitable, writes John Hewson.

Mungo: Malcolm Turnbull is merely posturing

Turnbull’s real hope is that Rudd’s package goes through and is seen to fail; that the recession grabs Australia as relentlessly as it will the rest of the world, writes Mungo MacCallum.

$42 billion to go: ready, set, spend

So far no one has worried too much about the logistical difficulties of getting $42b of stimulation out the door, writes Bernard Keane.

Stimulus: what you’d get, when you’d get it and how

No doubt everyone has been madly trying to calculate how much they’ll get if the Nation Building and Jobs Plan is passed. There has been some confusion, so here it is plain and simple, writes Chris Paver.

Stimulus à la Rudd

The handouts this time are bigger and pitched at an entirely different group, writes Bernard Keane.

Kevin Rudd: modern day Sheriff of Nottingham

It appears that Kevin Rudd is abiding by the principle: if squandering the first $10 billion of taxpayers funds doesn’t succeed, try, try again, writes Adam Schwab.

Ken Henry missing while the rest of us wait for a package

The government is keeping tight lipped, but it beggars belief that it doesn’t have a stimulus package ready for the sitting week, writes Bernard Keane.

SackWatch: new Crikey list

Australia clearly isn’t immune from the global depression, so Crikey thought it was about time to assess the jobs carnage unfolding on the home front.

Who loves the smell of Ruddbank in the morning?

Are we signing taxpayers up to bail out shonky developers and gouging banks, or ensuring the timidity of foreign banks doesn’t cause a vicious cycle of asset sales and propery devaluations, asks Bernard Keane.

Open letter to Malcolm Turnbull and Julie Bishop

Having wasted vast amounts of money when times were good, it seems you’re determined to criticise the Government for taking us into deficit when things are at about their worst, writes Bernard Keane

Banker bonus clawback bill of 2009

Forget about any more bail-outs instead, Obama should take an equally ineffective, less harmful and far more popular route — that is, create the Banker Bonus Clawback Bill of 2009, writes Adam Schwab.

Slough of stimulated despond, here we come.

We need some new thinking that understands the mysterious links between mass psychology and the economy to lift the national fit of misery we’re slumping into, writes Bernard Keane.

Rudd struggles to sell his Things Are Seriously Bad tour

In a week featuring one of the traditional set pieces of American political oratory, the contrast between Rudd and that American guy when it comes to speechifying has been fairly stark, writes Bernard Keane.

Rudd almost ready to show us his stimulus package

There will be another stimulus package from the Rudd Government, and soon, writes Bernard Keane.

Rudd tackles executive remuneration: does nothing

Fear not executives, your multi-million dollar short-term bonuses are far safer than your investors’ capital, writes Adam Schwab.

This year the cut and thrust of the Budget is for real

This will be the toughest budget to frame since, probably, the recession budgets of the early 1990s, writes Bernard Keane.

NSW: it’s in a different state to the rest of us

Possum Comitatus suggests we flog NSW off to the Kiwis for some nice cheeses and a couple of rugby players.

Ruddonomics delivers the worst of all worlds

It’s a telling sign of how the world has changed that such arcane financial issues are now the stuff of major Prime Ministerial addresses, writes Bernard Keane

First home owners grant inflates housing prices

Despite the best political intentions, Kevin Rudd’s much vaunted increase in the first home owner’s grant has had a negative effect on first home owners, writes Adam Schwab.

Mayne Report’s 2008 year ender and last minute sell-down

Whilst Obama was huge, the biggest story of the year was undoubtedly the global financial crisis, writes Stephen Mayne.

Investing myths busted in 2008 — a Crikey list

Rudd has blown $10 billion on politically targeted handouts, rather than value-creating investment, writes Adam Schwab.