There is an historic opportunity for a progressive sea-change to reset today’s productivity sapping and inequality driving economic model, writes Stewart Lansley
Economy
“Autocrats only understand one word: no, no, no. No you will not take my country, no you will not take my freedom, no you will not take my future… A dictator bent on rebuilding an empire will never be able to ease the people’s love of liberty. Brutality will never grind down the will of Continue reading »
By Dean Baker / Beat the Press (CEPR) The January data on consumer expenditures released yesterday had a lot of people freaking out. The story is that the Fed is going have to get out the big guns to really shoot inflation down. For those of us hoping that inflation would come down, without a […]
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As China leaves its zero-covid policy behind and reopens to the world, its policy focus has shifted to driving economic growth and re-engagement with key economies. In Australia’s case, the resumption of Ministerial dialogues, and increased diplomatic and departmental engagement, are combining to create a more positive foundation for constructive commercial activity. While the consequences Continue reading »
Surveys reveal concerns that Aukus won’t make Australia safer, while fears grow of ‘secretive policymaking and little government accountability’. Some observers have also questioned the high cost of Aukus to taxpayers, suggesting there are other, less expensive ways to ‘deter China’. Is Australia becoming “more dependent” on the United States following the signing of the Continue reading »
With excess corporate profits accounting for 69% of additional inflation beyond the RBA’s target, current anti-inflation policy blames the victims of inflation, while ignoring its perpetrators. Workers in Australia have suffered considerable economic losses as a result of accelerating inflation since the onset of the COVID pandemic. Reaching a year-over-year rate of 7.8% by end-2022, Continue reading »
Savaro Ltd, a shell company reportedly operated by Ukrainian businesspeople, has been found responsible for the damages caused to over 200 victims. First published in THE CRADLE February 24, 2023 UK-registered company Savaro Ltd has been found liable by London’s High Court of Justice for the Beirut Port blast that killed over 200 people on August 4, Continue reading »
Despite celebrating 12 months of surviving the Russian onslaught, promises of more money and military equipment (including tanks) from the West, and a chorus of support for the courage and resilience of the people, the war appears almost over for Ukraine. There are four reasons for thinking this. First, as the Murdoch-owned Wall Street Journal explains, public Continue reading »
Right-winger can’t bear to say people should be better off, only that they should ‘feel’ better off – it didn’t go down well Rachel Reeves, Keir Starmer’s right-wing Shadow Chancellor, was already infamous for – among many other things – her history of appalling comments about the unemployed, for wanting to deport more people faster […]
Brian Toohey (Pearls and Irritations, 14 February 2023) makes a number of criticisms of the recent four-part series on national security by Michael Keating and myself that was published in Pearls and Irritations earlier this month. He contends that we have made “assertions that should not go unchallenged”, particularly in regard to our support for Continue reading »