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Fri, 28/07/2023 - 06:30
Even Fox can’t deny it anymore. Dean Baker with the deets: Soaring Structure Investment Makes Up for Slowing Consumption, as GDP Grows at 2.4 Percent in Q2 The economy grew at a 2.4 percent annual rate in the second quarter, as strong investment growth offset slower consumption growth. Consumption spending grew at a just a 1.6 percent annual rate, down from a 4.6 percent rate in the first quarter. However, non-residential investment grew at 7.7 percent rate. Investment accounted for 0.99 percentage points of the growth in the quarter, only slightly less than the 1.12 pp attributable to consumption. Soaring Factory Investment Continues to be Major Factor Driving Growth All the categories of investment showed healthy growth in the quarter, with equipment investment growing at a 10.8 percent annual rate after falling the prior two categories. Those drops were likely driven largely by continuing supply chain problems with cars and semiconductor chips. Structure investment increased at a 9.7 percent annual rate after growing at a 15.8 percent annual rate the last two quarters. This is driven by factory construction growing at a 94.0 percent annual rate.
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Fri, 28/07/2023 - 05:57

DEVELOPING and delivering Sandy Beach Youth Space and Community Hub, which officially opened on Sunday 23 July, is the result of teamwork. For the local community to have its say as one voice they formed the Sandy Beach Action Group (SANDBAG), through which it worked with three key stakeholders: the Coffs Coast Regional Park Trust...

The post Sandy Beach opens Youth Space and Community Hub appeared first on News Of The Area.

Created
Fri, 28/07/2023 - 05:52

ALMOST to the day of turning the first sod on the site of Coffs Harbour Ambulance Station one year ago, the state-of-the-art facility was officially opened on Tuesday 25 July 2023. NSW Ambulance paramedics were joined by Member for Coffs Harbour Gurmesh Singh and Minister for Regional Health Ryan Park to officially celebrate opening the...

The post New ambulance station to boost emergency care across Coffs Harbour now open appeared first on News Of The Area.

Created
Fri, 28/07/2023 - 05:49

RELOCATION works for the Harry Bailey Memorial Library are about to begin, with books being packed into boxes starting the second week of August. The library in Rigby House in Coffs city centre is closing to the public at 2pm on Saturday 5 August 2023 allowing staff to do the book work, to transfer its...

The post Coffs library packs up for relocation appeared first on News Of The Area.

Created
Fri, 28/07/2023 - 05:37

PRAISING the quality of the fish exhibits, judge Mark Robinson took his time admiring all entries in the Australian Koi Association (AKA) Mid North region chapter in its major show of the year in Coffs Harbour. A sanke koi owned and bred by Greg Collins from Arrawarra Headland was finally declared the Coffs Harbour Koi...

The post Fishin’ for compliments – Australian Koi Association show a treat for Coffs Harbour appeared first on News Of The Area.

Created
Fri, 28/07/2023 - 05:28

DORRIGO branch of the United Hospital Auxiliaries (UHA) of NSW has reflected on a successful year of fundraising for hospital equipment and thanked the local community for its support. The volunteer group donated a Hi Lo adjustable bed and four electric recliner chairs worth $12,029 to Dorrigo Multi Purpose Service (MPS) in the past financial...

The post Dorrigo UHA hospital equipment donations changing lives appeared first on News Of The Area.

Created
Fri, 28/07/2023 - 05:26

LEONARD Ale is back working at Costa Berries in Corindi to build up his finances to send home to the Solomon Islands, where he supports a school. This is his second placement with the company. Advertise with News of The Area today. It’s worth it for your business. Message us. Phone us – (02) 4981...

The post Working to build education back home appeared first on News Of The Area.

Created
Fri, 28/07/2023 - 05:22

ChiLL, Choices in Later Life, presents its next seminar as part of Dying to Know Day at The Shoreline Retirement Village on Tuesday 8 August. The free program typically goes for two hours and ends with a panel discussion, followed by a smorgasbord of takeaway resources for participants. Advertise with News of The Area today....

The post ChiLL empowers you to get dead set your way appeared first on News Of The Area.

Created
Fri, 28/07/2023 - 05:00
Overthrowing democracy is not like a health care debate or a highway bill A good piece by Mark Z Barabak in the LA Times: Donald Trump lost the 2020 election. That is an incontrovertible fact. And yet for many Republicans — including most of those seeking the party’s 2024 nomination — Trump’s irrefutable loss and direct responsibility for the Jan. 6 insurrection are a verity they dodge and duck. At least right now. Florida’s flailing governor, Ron DeSantis offers a prime example. The won’t-back-down-culture warrior, who gleefully stoops to swat at teachers and transgender people, meekly tucks his tail when it comes to Trump’s Big Lie and Jan. 6. DeSantis won’t say if he believes President Biden was duly elected and suggests it’s wrong to call the assault on the Capitol “a plan to somehow overthrow the government of the United States” — though how else would you define a violent attempt to overturn the result of a free and fair election? South Carolina Sen.
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Fri, 28/07/2023 - 04:57
The Sydney Morning Herald and The Age have published serious allegations about millions of dollars of Australian government funding for Offshore Processing Centres finding their way through contractors to bank accounts controlled by South Pacific politicians. This comes on top of a history of criticism by the Auditor-General on how providers were selected and contracts Continue reading »
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Fri, 28/07/2023 - 04:56
One of the great claims for representative democracy and federations is that they provide a uniquely successful way of dynamically negotiating, rather than suppressing, social differences and tensions. So, when it appears to be failing to do that in one of the world’s oldest and most successful democracies it is worth asking “why has this Continue reading »
Created
Fri, 28/07/2023 - 04:55
Imagine encountering an enemy and, as it starts to reveal its full array of tactics and capabilities, a feeling of ice-cold fear runs through your chest. In an instant, you realise that you are out-matched; you’ve been out-witted, and defeat is a real possibility. As has occurred so often in military history, the threat assessment Continue reading »
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Fri, 28/07/2023 - 04:54
Australia’s climate and energy minister Chris Bowen says the extreme weather events of recent years, and the heatwaves sweeping the globe in this northern summer, show that the world has already failed to prevent a climate emergency. “To be frank, it’s too late to avoid the climate emergency,” Bowen said in a speech to the Continue reading »
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Fri, 28/07/2023 - 04:53
Due to the entrenched English class system, research has shown that the strong familial persistence of social status across generations has not changed in the UK across 400 years of accumulated data. With growing inequality and the emergence of ultra-wealthy and privileged classes in Australia – are we following the same path? Over the past Continue reading »