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 ECONOMY/ TRADE/ POVERTY/ INDUSTRY/ JOBS/ FOOD/ FARMING

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ECONOMY/ TRADE/ POVERTY/ INDUSTRY/ JOBS/ FOOD/ FARMING

ECONOMY / TRADE

 

GLOBAL ECONOMIC WARNING COMES AS AUSTRALIA FALLS INTO 'PER-CAPITA RECESSION

https://www.smh.com.au/business/the-economy/global-economic-warning-comes-as-australia-falls-into-per-capita-recession-20190306-p51272.html?_ga=2.26846778.642326289.1553296951-973767050.1525732615

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REMEMBER WHEN AUSTRALIA HAD THE WORLD'S BEST ECONOMY?  15 April 2019 

The IAREM. From ranking ninth in the world in 2007 on the Independent Australia Ranking on Economic Management (IAREM), Australia rose in 2008 to third place, behind Luxembourg and Kuwait. It then surged to top spot in 2009, ahead of Norway, Luxembourg, Singapore, the United Arab Emirates, Finland and Switzerland

https://independentaustralia.net/politics/politics-display/remember-when-australia-had-the-worlds-best-economy,12577

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DON’T BELIEVE THEIR HYPE: THE COALITION HAS BLOWN OUT THE ECONOMY   08/05/2019  

Writing in Independent Australia, journalist Alan Austin has been consistently documenting the fact that the federal Liberal Nationals government has sent the national debt through the roof, straight after federal Labor triumphantly steered the economy through the choppy waters of the GFC.

https://www.sydneycriminallawyers.com.au/blog/dont-believe-their-hype-the-coalition-has-blown-out-the-economy/

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WORLD’S BEST ECONOMY: AUSTRALIA LOSES TOP IAREM RANKING UNDER COALITION 22 April 2015

AUSTRALIA IS A CONSPICUOUS LOSER in the latest list of the world’s best-performed economies. In 2014, Australia fell from the coveted top spot to third, behind Singapore and the United Arab Emirates.

https://independentaustralia.net/politics/politics-display/worlds-best-economy-australia-loses-top-spot-under-coalition,7616

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See also

ADVANCE AUSTRALIA: OUR PLACE IN NEW WORLD ORDER- 

A NEW world order is coming, with China on top. Australia is doing well, but if we fail to heed these warnings it will all crash down.

https://www.news.com.au/finance/economy/world-economy/advance-australia-our-place-in-new-world-order/news-story/449008d159c85e5aa19a57e177a7d93d

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GIRA FORECASTS AUSTRALIA TO IMPORT MORE DAIRY PRODUCTS THAN IT EXPORTS BY 2023-PETER HEMPHILL, The Weekly Times, December 5, 2018

Addressing the Australian Dairy Industry Council in Melbourne on Friday, Gira consultant and former Fonterra director Earl Rattray said Australia’s dairy exports had remained flat during the past decade while domestic consumption had consistently risen, with the gap between each narrowing. Mr Rattray said Australia was forecast to have flat milk production up to 2023.

 

https://www.weeklytimesnow.com.au/agribusiness/dairy/gira-forecasts-australia-to-import-more-dairy-products-than-it-exports-by-2023/news-story/a6b3bd5d6e52637b68b1aae43bd9eb46?fbclid=IwAR1iakZI2PDIdifoZlnCKQItuW4EO1MVL11rSFZrmmOw3k5bhp0dq7eU4po

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WA WORKERS MISSING OUT ON THOUSANDS OF JOBS AS MINING COMPANIES HIRE OVERSEAS WORKERS- Geof Parry, The West Australian, 30 May 2019

Companies in the mining and construction industries are ramping up their international intake, claiming they can’t get enough skilled workers here at home.

When WA Labor came to power they slashed the number of eligible jobs for overseas workers, but it hasn’t made much difference — with 2536 foreign workers flowing into WA in the year to March 2019.

https://thewest.com.au/business/mining/wa-workers-missing-out-on-thousands-of-jobs-as-mining-companies-hire-overseas-workers-ng-b881216486z?fbclid=IwAR3x1kTZcn-2J5Pxb_RUSlsJ2SuqEs5m-tnwZGdAEXKaWfa74F0ZQy_4wAA

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A RECESSION MAY BE INEVITABLE - EVEN DESIRABLE- John Hewson- Columnist And Former Liberal Opposition Leader- June 6, 2019

Our economy is in the most precarious position it has been in for nearly three decades, and the policy authorities are strapped for options to respond to a significant shock, domestic or global.

https://www.theage.com.au/politics/federal/a-recession-may-be-inevitable-even-desirable-20190605-p51urg.html?sfns=mo

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AUSTRALIAN ECONOMY AT ITS LOWEST EBB IN 27 YEARS  -Jun 5, 2019 

The financial year ending in 24 days will be recorded as Australia’s worst since 1992, when the nation was struggling to recover from the 1991 recession.

Remember the repeated “strong economy” claim during the election campaign? It was a lie

https://thenewdaily.com.au/money/finance-news/2019/06/05/australian-economy-worst-since-1992/?sfns=mo

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RICH LIST: BILLIONAIRES MULTIPLY AS PROFITS SURGE, WAGES STALL- 24 May 2018

The nation's richest 200 people, as calculated by the Financial Review, held a record $283 billion in wealth, up 21 per cent on last year.

 

It took a personal fortune of $387 million to make the list this year, up significantly from $341 million last year.

"On the back of strong profit growth and frozen real wages, the share of GDP going to wages is at historically low levels, while profit share is at historically high rates."

"It is little wonder that inequality is on the rise and the biggest winner from all of this are billionaires, whose numbers are rapidly growing."

https://mobile.abc.net.au/news/2018-05-24/billionaires-multiply-as-profits-surge-wages-stall/9796424?pfmredir=sm&sfns=mo

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POVERTY

AUSTRALIAN POVERTY IN GRAPHS: IT'S A DESPERATE STATE OF AFFAIRS-

The Australian Council of Social Service (Acoss) estimates 38% of those living below the poverty line are in work and 15% of all people who work part-time are in poverty.

https://www.theguardian.com/australia-news/2019/apr/15/australian-poverty-in-graphs-its-a-desperate-state-of-affairs

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SOCIAL SERVICES SCRAPS FUNDING FOR HOMELESS AND HOUSING GROUPS -December 22, 2014 

The Abbott government has quietly signalled a retreat from the homelessness and low-income housing sector. As Scott Morrison prepared to step in as Social Services Minister, his new department was contacting housing advocacy groups and other community services providers on Monday to inform them their funding had been cut and contracts with the Commonwealth would be discontinued.

https://www.smh.com.au/politics/federal/social-services-scraps-funding-for-homeless-and-housing-groups-20141222-12cf67.html?fbclid=IwAR3dCuMYe1jfOJAWetTfSmkQ4N8Es8vLeZSu5FzkT9wpv3n5La9UqHn5DWc

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