Reserve bank moves to counter the flak from the rising cost of living
Contributed by Joe Montero We know that this Wednesday the Reserve Bank did not increase the interest rate and thereby deviated from the previous 10…
Economy
An increase in the minimum wage is both justified and necessary
Contributed by Joe Montero Peak Australian union body, the Australian Council of Trade Unions (ACTU), has called for a 7 percent rise for lower paid…
United States bank failures point to a deepening financial crisis
Contributed by Joe Montero While U.S. government spokespeople, including Treasury Secretary Janet Yellen, are doing the rounds to convince everyone that the nation’s banking system…
Electricity charges are set for a steep rise
Contributed by Jim Hayes Australians are about to pay a whole lot more for using electricity. All parties promised to put a stop to all…
Jim Chalmers’s proposal to cut top end superannuation benefits deserves support
Contributed by Joe Montero Treasurer Jim Chalmers has released the tax expenditures and income statement. This is about tax concessions, credits, and deductions. Together, they…
The notion that inflation is being caused by wages must be dumped
Contributed by Joe Montero The national accounts released on Wednesday show that wages remain stagnant as inflation rises. This a stark rebuff of the ongoing…
The Reserve Bank is not telling us the whole story
Contributed by Joe Montero The pronouncements coming form the Reserve Bank are somewhat muddled. True, there is valuable data, and this reveals part of the…
Making it in a poor world
Liz Theoharis is a theologian, ordained minister, and anti-poverty activist, who publishes with TomDispatch. Director of the Kairos Center for Religions, Rights and Social Justice at Union Theological Seminary…
Are too many jobs and too much spending by consumers lifting the cost of living and interest rate?
Contributed by Joe Montero Forget what some so-called expert economists who are saying. That the cost of living and interest rates are going up because…
Households are clearly cutting spending as rates rise
The Following by Greg Jericho (published by the Guardian 2 February 2023) shows how Australians are spending less. This signifies a drift downwards in the…
