Prosper Australia

photo credit: Pulpolux !!! The Business Council of Australia wants to raise GST in return for a halving of corporate tax rates in its latest Henry Review submission. This will increase the regressive rate of taxation upon the less privileged. With effective corporate tax rates at barely 5% due to the plethora of tax loopholes, [...]

photo credit: josef.stuefer The Yekaterinburg Turning Point: De-Dollarization and the Ending of America’s Financial-Military Hegemony Michael Hudson Challenging the American Empire will be the prime focus of extended meetings in Yekaterinburg, Russia (formerly Sverdlovsk) this coming Monday and Tuesday for Chinese President Hu Jintao, Russian President Dmitry Medvedev and other top officials of the six-nation [...]

photo credit: //endless∞ John Young In all the discussion about the economic crisis and its causes, the part played by land prices is nearly always underrated. The unique character of these prices is usually not even recognised. I am not speaking of the price of the house or other improvements on a site, but of [...]

photo credit: id-iom Dr Michael Hudson Breaking News: Dr Hudson will tour Australia in October 09 Last month the G-20 authorized the International Monetary Fund to increase its loan resources to $1 trillion. It’s not hard to see why. Weakening currencies in the post-Soviet states threaten to raise default rates on foreign-currency mortgages as collapse [...]

photo credit: SnaPsi xyzzy The highly regarded Robert Shiller writes: HOUSE prices in the US have been falling for nearly three years, and the decline could continue for some time. Even the US Government has projected price decreases next year. As a baseline, the stress tests recently performed on the big US banks included a [...]

photo credit: smooshmasterflex But will they be able to wrestle with, as Winston Churchill once put it, ‘the mother of all monopolies, the landlord’? This will be a fascinating battle between David (chain stores…sorry I still can’t bring myself to type the co name) and Goliath (the landlord). May 29 (Bloomberg) — Starbucks Corp., the [...]

photo credit: Latente 囧 Le Sbarbine nel Governo From the Subprime to the Terrigenous: Recession begins at Home Gavin Putland’s excellent new report, being picked up by all sorts of websites and e-news services Background The American word “subprime” refers to the credit-worthiness of borrowers. But that wasn’t supposed to matter, because if the borrowers [...]

photo credit: Birta Rán Letter to the Age 01/06/09 Buy Australian veto David Barkley Box Hill Dear Editor, Finance Minister Lindsay Tanner says the Government will not accept a push that breaches trade rules (29/5). All we hear is what it won’t do. The Rudd Government should be saying what it will do, – not [...]

Timely when local current affairs talk about 20,000 homeless whilst 20,000 vacant houses are holding these people to ransom In Lost Vegas.