Last week the Australian Housing and Urban Research Institute (AHURI) held a seminar in Melbourne on the serious stresses on renter households that have emerged over the last twenty years. Dr Wendy Stone from Swinburne found: • A decline in…
Linc Energy today announced a major shale oil and gas discovery around Coober Pedy in South Australia. Unrisked prospective reserves have been separately estimated by two independent consultancies at 103 and 233 billion barrels of oil equivalent. That is…
15 January 2013 MELBOURNE – The REIV yesterday forecast stable or declining nominal rents if current trends continue. This means rents are falling in real (after inflation) terms. “Shrinking residential rents are a profound set-back for negatively geared property investors,”…
11 December 2012 Charging Victorian taxi license holders a stiff annual fee as Prof Allan Fels proposes should be welcomed by every citizen and immediately enacted by government, says Prosper Australia. “TaxiLink director Harry Katsianabis manages 160 taxi licenses worth…
15 November 2012 The mining investment boom that carried Australia though the Global Financial Crisis is declining rapidly and new engines of growth are urgently needed to steer around the ‘Controlled Depression’ that is driving the world into a spiral…
17 October 2012 The survey of Victorian local government candidates conducted by Prosper Australia ahead of the 26 October election reveals few candidates understand where and how councils are funded. “We learned only a handful appreciate Site Value Rating is…
by Dirk Bezemer and Michael Hudson As published in the World Economic Association’s World Economic Review Vol #1. Borrowed from Michael Hudson’s website, where you can find details of his new book The Bubble and Beyond. ABSTRACT Current macroeconomics ignores…
Reprinted from On Line Opinion 6 Sept 2012 The apathy of economists about the costs and burdens imposed upon modest citizens is staggering, as though this is their natural lot and there is nothing to be done. Housing is a…
Hobsons Bay Council is considering charging residents by the kilogram for garbage removal. While markets have their place, putting a price on rubbish will have many unintended consequences, few of them pleasant. The anti-social will cost-shift, stuffing their garbage into…
by Michael Hudson Europe’s three needs: a debt write-down, a real central bank, and a more efficient tax system Brussels Talk, Madariaga College, Governing Globalisation in a World Economy in Transition, June 27, 2012 Courtesy of michael-hudson.com What can Europe…