Australia is in economic recession. A 0.3% contraction in economic activity measured in GDP terms.
Jun 042020
Jan 112020
I remember when I was 16, having to get up in June at 5:00am for work start at 7:30, to have breakfast, shower, shave, etcetera, then catch a bus – I was 16 remember – It was ferking cold. I distinctly remember standing at the bus stop, shivering. I remember the winds in July-August howling through the concrete canyons of the city, bitterly cold. That was 1973, so 47 years ago. I wonder these days where those winters have gone. I have vivid memories of living in Cairns, 1976 to 1979. Wonderful place, much smaller than it is today. […]
Oct 282019
Andrew Laming, the member for the federal seat of Bowman, is today ‘bumping’ this article from the Redlands Bulletin in a bid to raise his profile. Akin to the little boy who stuck a digit into a pie pulling out a piece of fruit and claiming “what a good boy am I!”
Jun 042019
The RBA did what it telegraphed last week and dropped the cash rate by 25 basis points. Government is now using that rate cut as propaganda, claiming a duel income family on $120k/annum before tax, with a $400k mortgage, are $3,000/annum better off.
Jun 182018
I don’t write much here anymore basically because I feel that my voice is just another of the many whispers lost in the rabble of overtly right-wing conservative shouting about neo-liberalistic idealism. What’s the point, right? However, once in a while I get a bee under my bonnet. The current bee has been disturbed & set a-buzz by coverage on the ABC – that’s the AUSTRALIAN Broadcasting Corporation, myABC if you will – about this piece of legislation currently in the Senate. The Treasury Laws Amendment (Personal Income Tax Plan) Bill 2018. This legislation seeks, according to government propaganda, to […]
Feb 262018
Let me, reader, draw your attention to a very important, and glossed over aspect of this current debate being sponsored by Corporate Australia.
Nov 022015
It’s on again!
Feb 032015
Have a read of this article on the ABC news site, and ask yourself just why the RBA cut the cash rate today to 2.25%, an historical low.
May 162014
I will rarely promote the works of another blogger, basically because there are very few pieces of writing in the ‘sphere I regard as worth promoting. This piece, however, runs counter to my usually jaundiced opinion of the amateur journalist cadre. Glenn Murray may consider his tome to be just his ramblings, but I find this particular ramble well worth supporting. Kudos, Mr Murray!
Apr 142014
How is it possible for a nation’s economic structure and four year outlook to fall off a cliff in six months?