The Labour leader is missing a once in a generation chance to set out much-needed radical reforms for a broken nation, argues his former advisor Simon Fletcher
Economy
This is a wide-ranging discussion about the anatomy of bank failures. Dave Kelley, the moderator, is a pension actuarial expert, headquartered in Ohio. Chairman of the Domestic Policy subcommittee of the Govt Oversight Committee, Kucinich, as a senior member of Congress, investigated the subprime meltdown (see you tube videos), grilling Wall Street titans. Michael Hudson […]
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This week, the House Select Committee on Workforce Australia Employment Services held one of its public hearings. During the opening remarks, the Committee chair, Julian Hill remarked that he had asked the Department of Employment what a good service model looks like, and they couldn’t answer. He said they looked like a bunch of “well-paid, Continue reading »
A couple of decades ago the phrase international best practice seemed to be on the lips of just about every business leader, business and economics journalists and the odd politician. In fact, much of it was a justification for various overseas study tours and traditional employer attempts to reduce wages and worsen working conditions. It Continue reading »
Among the breathless press announcements coming out of San Diego on 14 March was that the spent nuclear fuel reactor cells for our submarines would have to be stored in Australia. This on top of the unexplained escalating costs of the subs, estimated delivery not until 2042, and three hand-me-down stop-gap Virginias possibly available around Continue reading »
Rex Patrick’s analysis of the government’s AUKUS nuclear-powered submarine decision (Michael West Media 14 March 2023) illustrates the one-sidedness of this insane deal. Patrick also sets out a rational and cost-effective alternative to the expensive and inappropriate nuclear subs which serves to highlight some of the significant opportunities lost by the wasteful and ill-considered over-spend. Continue reading »
Before the election I wrote our leaders were dancing on the edge of calamity shutting their eyes to the obvious gap between the Commonwealth’s revenue stream and its growing spending commitments. Decades of giving long term tax reductions funded by short term spurts of revenue, usually from mining, had come home to roost. Albanese, spooked Continue reading »
Whilst much has been made of the extremely intemperate attempt by the Channel Nine newspapers to stir up fear against China, and their lauding of the AUKUS agreements and the massive amounts to be spent on nuclear submarines, little has been said about how this has been a distraction from fundamental issues the country is Continue reading »
Speaking out strongly against AUKUS at the Press Club yesterday, Paul Keating’s concern is that Australia’s security has been laid limp upon the altar of small target politics by the two key Ministers – Foreign Minister Penny Wong and Defence Minister Richard Marles. Australians have been denied knowledge and debate on existential matters, by Labor Continue reading »
Buried in the Chancellor's Statement is news the UK will suffer a sustained period of low growth, high taxes and a record-breaking fall in living standards, reports Adam Bienkov