Nearly standing still on unemploymentA year ago the Australian Bureau of Statistics reported that in July 2010 there were just under 587,000 unemployed. Yesterday came the news that in July 2011 there were 576,000 officially looking for jobs. The economic recovery has stalled, writes Richard Farmer.
Economic recovery
How inflation could save America
The White House has thrown virtually everything at the American economy to try and revive it. But there is one more option available: injecting it with a big whack of inflation. It isn’t as crazy as it sounds, writes James Surowiecki.
Throwing the switch to recovery
Today’s new economic forecast means the Federal Government will finally have to stop saying things like we’re “not out of the woods yet” or have “a long way to go” and shift its rhetoric into recovery mode.
Foodie wankers back on the front pages
Australia’s economy must be recovering, says Nick Leys: the papers are once again filled with the pretentious pontificating of our pompous food critics.
Don’t get too excited about corporate earnings
Yes, many companies beat their earnings estimates in the last quarter — but they did it by cutting costs and focusing on foreign markets, says Zachary Karabell. Don’t mistake their profits for economic recovery.
