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Overwhelmingly, Australia’s top economists would rather the budget funds measures to cut carbon emissions than cuts income tax or company tax.
They are also dead against rumoured cuts to petrol tax and the tax on beer.
The Conversation’s pre-budget survey of a panel of 46 leading economists selected by the Economic Society of Australia finds almost half want a budget deficit smaller than the A$99.2 billion expected for 2021-22 and the $98.9 billion forecast for 2022-23 in the December budget update.
GDP serves as a gauge of our economy’s overall size and health. Here’s what it includes (and what it doesn’t).
The biggest question relating to the management of the economy right now has nothing to do with next week’s budget. It has everything to do with the Reserve Bank and the board meetings that will follow it.
The question facing the board – the biggest there is when it comes to how the next few years are going to play out – is whether to hike interest rates just because prices are climbing.
On the face of it, it seems like no question at all. It is widely believed that that’s what the Reserve Bank does, mechanically. When inflation climbs above 3% (it’s currently 3.5%) the board hikes interest rates to bring it back down to somewhere within the bank’s target band of 2-3%.
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Now this for me is the apex of classic Doctor Who quality. The series' budget was certainly never spent better on a season where - in their own ways - each story is a classic.
Streaming was supposed to kill off vinyl and CDs. Not a bit of it
Continue reading...Whatever the outcome in Ukraine, one thing is for sure the economic reverberations will be felt by everyone for years to come as the world divides between the West and a rapidly reshaping Eurasia.
The post Sanctions: The Blowback appeared first on Renegade Inc.
Despite massive Western economic sanctions against Russia, the chance that they will lead to President Vladimir Putin's ouster, or even to a drastic change in Russian policy toward Ukraine, is much lower than most people suppose. It is far more likely that punishing will neither stop the war nor secure the peace.
Former UN independent expert on international order, Alfred de Zayas, outlines why we need to build a just world order.
The post Weaponising Our Rights appeared first on Renegade Inc.
There was that huge curved ball that CBS/Paramount bowled late last year when they removed Star Trek Discovery from Netflix just days before it was due to premiere. The press release was a classic example of working to the rules of positivity when a more empathic approach was needed for an action that affected every fan who didn't live in North America. The bottom line was "No more new Star Trek until your country gets Paramount+ as a streaming service.
Continuing with the retro Target books, here's season 13.