i photo credit: Susanica The credit rating agency Standard & Poor’s overnight reaffirmed Australia’s AAA rating. Donald Horne’s 1964 label ‘The Lucky Country’ was ironic, yet fits our unique position as the western world endures its worst financial crisis since…
photo credit: malweth We all need somewhere to live, a place of privacy and rest. For the last sixty years, it made economic sense to buy and own a home – generally, prices went only one way, UP! Australia now…
Causes Behind the Global Financial Crisis and 70’s Stagflation Presenter: Steven Spadijer (ANU) 119th Annual Henry George Commemorative Dinner Thursday Sept 2nd, 6pm onwards RSVP by Friday 27th August. Steven Spadijer is an honours student in Arts/Law at the Australian…
photo credit: jirotrom We honor Liberty in name and in form. We set up her statues and sound her praises. But we have not fully trusted her. And with our growth so grow her demands. She will have no half…
photo credit: A Hermida Dear Reader, I have been issuing stern warnings about how Australia’s house prices are too high and must correct soon. I cannot say when the market will turn, but rabbit on that IT MUST! IT MUST! …
photo credit: ob1left Australia’s tax system protects foreign producers against their Australian competitors, writes Gavin R. Putland in this LVRG article. The Resource Super Profits Tax (RSPT) was sunk by the advertising firepower of the big miners, ostensibly because it…
photo credit: Dru! A survey of property investors in The Age today by Colemar Brunton shows sentiment delicately poised between those who see the market flat or falling and those anticipating further rises. This is not the bursting of…
photo credit: Trois Têtes (TT) In at least 18 major US cities, the trend to suburban living to escape the crowded squalor of inner areas is reversing. Older buildings are being remade as homes for the affluent after generations…
Watch this masterful animation to an excellent speech by social theorist David Harvey: Continue on by reading two pieces in the world leading Financial Times newspaper. One by Michael Hudson on Latvia’s Third Option: As Europe’s banking crisis deepens, Greece’s…
This week’s backdown by the federal labor government on the Mineral Resource Rent Tax will cost Australian taxpayers $35 billion over the next ten years. The shortfall in government revenues will be made up from taxes on work and taxes…