On his first day in the country, the president also visited Huawei and had meetings with executives from other companies.
The post Lula Criticizes the Hegemony of the Dollar During Visit to China appeared first on scheerpost.com.
Economy
The federal government needs to cut spending and raise taxes to rein in Australia’s structural budget deficit, according to a new Grattan Institute report. The pre-budget report, Back in black? A menu of measures to repair the budget, shows that Australia is on track for 25 years of deficits – teenagers who started high school Continue reading »
You may have read this week that Australia’s super tax breaks are excessively generous (“well beyond any plausible purpose”) and that their costs unsustainable. The claim came from a Grattan Institute report, Super savings. But is it realistic? The figures quoted – A$45 billion a year or 2% of GDP “and set to exceed the cost of the Continue reading »
Knowing can be a curse on a person’s life. I’d traded in a pack of lies for a pack of truth, and I didn’t know which one was heavier. Which …
The post Keynes’ wisdom still stands; “Anything we can actually do we can afford.” appeared first on The Gower Initiative for Modern Money Studies.
The term ‘jobseeker’ needs to be dropped – it is Orwellian in nature and has no place in a civil society. It’s fairly standard practice for economists especially of the Left to decry the RBA’s obsession with the nonsense that is the Non-Accelerating Inflationary Rate of Unemployment (NAIRU) – the theoretical concept in macroeconomics that Continue reading »
Sanctions on Russia are isomorphic to a strict policy of trade protection, industrial policy, and capital controls.
The post The Effect of Sanctions on Russia: A Skeptical View appeared first on scheerpost.com.
The vision of Dr. Martin Luther King Jr. 50 years later, and the relevance of his economic ideas today.
The post Learning From MLK, the Inconvenient Hero appeared first on scheerpost.com.
By Vijay Prashad / Tricontinental: Institute for Social Research There is no need to delve too deeply into statistical data when the findings are obvious. For instance, when women and men work at the same job, women are paid – on average – 20 percent less than men. To raise awareness about this persistent disparity, the International […]
The post Women Hold Up 76.2% of the Sky appeared first on scheerpost.com.
Before it collapsed and its billionaire depositors were bailed out by the US government, Silicon Valley Bank successfully lobbied Congress to remove regulations on it. A senator admitted, “I understand why Americans are angry, even disgusted”.
The post US Bank Bailout Benefitted Billionaires, Exposing Corruption: ‘I Understand Why Americans Are Angry’ appeared first on scheerpost.com.
The real reason for the AUKUS submarine deal might well have been the U.S. wish for a port and base in Australia from where it can send its own nuclear submarines to harass China. The offer to Australia to buy nuclear submarines was likely only made to remove Australian public resistance to the stationing of Continue reading »