High Court rejects challenge to $900 bonus paymentAustralia’s $42 billion recession-fighting stimulus package has survived a court challenge. Cue rejoicing on the streets.
Stimulus package
Malcolm Turnbull, king of nuance
Malcolm Turnbull’s nuanced economic message has more nuance than, well, Nuanced Jack McNuance, winner of this year’s Mr Nuance competition, writes Bernard Keane.
Keating: a chance to remake the global financial system
Until international monetary governance is democratised, or at least is more representative, no major developing country, creditor or otherwise, is going to put its head into the IMF cum US Treasury noose, writes Paul Keating.
Data, recession, Turnbull and a load of old experts
Malcolm Turnbull has built his entire strategy for the economic crisis on an academic parlour game with zero real-world significance, writes Bernard Keane.
“Operation Stimulus”: tinkering with Territory tenders
When the NT Government decides somehow that it wants something to happen, it does not first check on the marketplace or turn to the subtle tools of market intervention, writes Dr David Curl.
Housing up as Rudd cash splash continues to ripple
There’s more tentative evidence emerging of the December cash splash working, despite what others might be saying, writes Glenn Dyer.
Australia’s Kate Ellis wins Oscar for her portrayal of a Cabinet minister
Today, Sports Minister in the Rudd Government Kate Ellis won an Oscar for her portrayal of a Cabinet minister. Walter Slurry. was there to see history in the making.
Will the $12 billion Rudd handout save the Bligh Government?
It’s time we looked more closely at the mechanics of how the Rudd Government will potentially lift the national debt to $200 billion over the next four years, writes Stephen Mayne.
Time for some honest truths about where the GFC will end
The challenge facing governments in dealing with the global financial crisis will be avoiding wars, riots and revolutions, writes Stephen Mayne.
The coalition got it really, really wrong on the financial crisis
Looking at the Essential Report from yesterday — the magnitude of how wrong the Coalition not only got the stimulus package, but the broader GFC starts to become apparent, writes Possum Comitatus.
Koukoulas: this is Howard’s deficit, not Rudd’s
The Opposition’s hypocrisy in arguing against the Rudd government’s fiscal stimulus package is breath-taking, writes Stephen Koukoulas.
Xenophon’s deal turns water into gold
The Xenophon deal will cause a massive shock to the water buyback market, writes Bernard Keane.
Stimulus secured: A Xenophon stunt — on a massive scale
Today’s passage of the stimulus package is Nick Xenophon’s biggest stunt yet, writes Bernard Keane.
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.
No crisis of capitalism here, only a market correction
Instead of letting private and public balance sheets readjust after the sixteen year boom, governments have collectively panicked, writes Adam Schwab
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.
Ask the economists: Stimulation needed now
With the government’s $42 billion stimulus package now the subject of squabbling in the Senate, Andrew Crook asked a group of leading economists to give their views on the most optimal outcome.
Opposition backflips on stimulus package
Turnbull this morning told the Coalition joint party room that while he was happy to take a short-term political hit, he was willing to negotiate with the Government to pass the package, writes Bernard Keane.
Neither flood nor fire can stay Shanahan’s delusions
Turnbull’s own proposals for a stimulus package aren’t much shy of the same level of debt, showing just how little difference there is between the major parties on this supposedly vast ideological issue, writes Bernard Keane.
Gans: What Taylornomics taught me
Stanford’s John Taylor is nothing like the extremist Kevin Rudd described in federal parliament this week, writes Joshua Gans.
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.
