It seems to be the political orthodoxy in most developed country democracies these days that government spending must be cut to produce budgets that balance.
A serious slowdown in China really would bring Australia back into line with the struggles being experienced by most of the rest of the developed world.
Today's Australian Bureau of Statistics figures means there are more skilled trades people available to help cope with the boom in mining industry construction.
A parliamentary highlight to come. We are assured of a bright and colourful start to next year’s federal parliamentary session. Sydney’s Daily Telegraph has seen to that. It might have been stuck away on page four of Tuesday’s paper but the serjeant-at-arms of the House of Representatives, Robyn McClelland, will not have missed the blatantly open […]
When in doubt just wave the magic wand and declare across the board savings of whatever amount you need to make a promise sound plausible.
European troubles point to interest rate fall. The sentiment of the punters is pointing to another reduction by the Reserve Bank in official interest rates. A fortnight ago the probability of a 0.25 percentage point fall was put at 39% by the Crikey Interest Rate Indicator. This morning the probability is just over 51%. The […]
Perhaps Australia had it right back in the 1960s and 1970s when the maximum personal income tax rate was over 60 percent without the rich having the benefit of dividend imputation.
If the Crikey NZ Election Indicator is any guide it will take something more miraculous that a foot of snow to see the National government lose this weekend.
The gloomy headlines about the financial situation just keep coming.
Good news for the Prime Minister that the Labor left agreed at the weekend to oppose her at the National Conference on several headline issues.
