Australian Economy

As readers know, up until the beginning of this month I was a strong supporter of the Victorian Government’s hard lockdown, believing it was a necessary evil to get COVID-19 infection numbers down to manageable levels.

Deloitte chief economist, Chris Richardson, has long been a vocal proponent of mass immigration and previously called for Australia to lift its already turbo-charged immigration levels.

It was a good time not long time.

It’s a shame people have to learn the hard way but there it is.

From Westpac chief economist Bill Evans: I had expected that the events this week would be highlighted by the stunning 11.9% surge in the Westpac-Melbourne Institute Consumer Sentiment Index.

Australian Competition & Consumer Commission (ACCC) chairman Rod Sims says it is probably inevitable that the federal government will privatise the national broadband network (NBN).

The National Tertiary Education Union (NTEU) and four former staff members are taking action against Sydney-based private university JMC Academy in the Federal Court.

The Victorian government’s 2019-20 financial report has been released, which reveals that the state’s net debt has blown out to $44.3 billion, compared with $25.5 billion previously.

I wanted to talk about the Australian budget.

The Conversation has turned into useful idiots for the capitalist elites, publishing a blatant propaganda puff piece entitled “We need to restart immigration quickly to drive economic growth”.

Via Albo at the AFR: Our transmission system was built for a time when solar panels ran pocket calculators, not the one in four households which have rooftop solar.

It’s a very clear pattern: Kendra Banks, Managing Director, SEEK ANZ comments: “In the fortnight ended 27 September 2020, job ad volumes across Australia were 80% of pre-COVID levels.

New research from Anglicare shows that Australia has eight disadvantaged jobseekers for every entry-level job position: Across the nation, there are eight entry-level jobseekers for every appropriate position.

Data from CreditorWatch shows that 436 businesses across Australia went into administration in September, which is 11 per cent higher than previously.