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

ECONOMIC DIVERSITY IS (WAS) OUR STRENGTH -Dec 2019

Diversify: it’s common investment advice, the economists’ version of not putting all your eggs in the one basket. Yet as a country we’re not heeding it. Our standard of living increasingly hinges on commodities - now two-thirds of our exports...

LINK- The Australian

LINK- Sustainable Australia

RICH AUSTRALIANS LOBBY TAX OFFICE TO PREVENT INCREASED SCRUTINY OF THEIR BUSINESSES – Nov 2019

LINK- The Guardian

AUSTRALIA WILL BE IMPORTING MILK FROM CHINA IN 5 YEARS BECAUSE OF CORRUPTION IN THE MURRAY-DARLING BASIN SAYS PASTORALIST ROB MCBRIDE – Oct 2019

…. Australia’s food security is under siege with the Murray-Darling Basin water system rapidly heading towards collapse because of government corruption and mismanagement

LINK- Kangaroo Court of Australia

ABSOLUTELY DISGUSTING - AUSTRALIA MAY BECOME A NET IMPORTER OF DAIRY PRODUCTS WITHIN A FEW YEARS- Oct 2019

European food and drink strategic consultancy and research firm Gira, has told dairy farmers and processors declining milk production and rising domestic consumption could see Australia importing more dairy product than it exports.

LINK- The Australian Support Page

AUSTRALIA’S HOPES TO EXPAND COAL EXPORTS IN SOUTH-EAST ASIA ‘DELUSIONAL’ – Oct 2019

Region’s expected increase in coal-fired power plants could turn out to be ‘more fizz than boom’ as construction rates fall markedly

LINK- The Guardian

THE ONE MILLION AUSTRALIANS FORGOTTEN IN THE UNEMPLOYMENT STATISTICS –

"Marginally attached” which comprises around 1.055 million Australians.

The marginally attached is a group that is counted among neither the unemployed nor the underemployed…

They are people who would like to work, and are available to work, but aren’t looking, mainly because they think there are no jobs for them…………

They are also referred to as “discouraged workers” – people who have applied for job after job but eventually give up on the prospect…………………….

………

LINK- The New Daily

ANGLICARE FINDS FIVE JOBSEEKERS APPLYING FOR EVERY ENTRY-LEVEL POSITION – Oct 2019

Charity says people being trapped in poverty while trying to ‘compete for jobs that simply do not exist’ …………there were about 100,000 disadvantaged jobseekers in May, of a total of 700,000, while there were only 18,200 low-skilled “level 5” jobs advertised. These jobs made up only 10% of all jobs.

LINK- The Guardian

IF YOU WORK JUST ONE HOUR A FORTNIGHT YOU ARE CLASSIFIED AS EMPLOYED BY THE MORRISON GOVERNMENT

LINK- The Lunatics Have Taken Over the Asylum

CEO: ‘BASKET CASE’ EDUCATION SYSTEM TO BLAME FOR ‘COMPLETELY CACTUS’ AUSTRALIAN ECONOMY

Gross domestic product grew by just 0.5 per cent in the June quarter, dragging year-on-year growth to 1.4 per cent as Australians struggle with stagnant wage growth and a crippling debt-to-income ratio.

LINK- News.com

THE BIG CORPORATE HITTERS WHO THE ATO SAYS ARE PAYING NO TAX – December 2019

The resource giants who built the mining boom since 2000 earned $53.8 billion in revenues in the 2017-18 year without paying any tax, according to the Australian Taxation Office’s latest figures.

Overall, one-third of companies with revenues over $100 million, or 710 firms, didn’t pay any tax at all.

The 1504 companies that did pay tax sent $52.3 billion to the Treasury coffers.

LINK- The New Daily

AUSTRALIA HOME TO ONE OF WORLD'S BIGGEST TEMPORARY MIGRANT WORKFORCES – Sept 2019

Australia is home to one of the largest temporary migrant workforces in the developed world with the OECD warning that high levels of immigration can hurt low-income communities even as it benefits the broader economy.

LINK- SMH

AUSTRALIA’S ECONOMIC GROWTH SLOWEST SINCE GFC AT 1.4 PER CENT – Sept 2019

Treasurer Josh Frydenberg copped a brutal question during a press conference defending the country’s worst economic growth since the GFC..

LINK- News.com

SOCIAL SECURITY PRIVATISATION AND INCOME MANAGEMENT PROFITEERING - April 2019

This is about the privatisation of government services via taxpayer funded infrastructure, set up by private operator, Indue Ltd (Indue). It’s been set up to open up billions of dollars worth of income management, for the financial and commercial sectors. Income management has now become a product to sell.

LINK- The Aim

SOCIAL SECURITY PRIVATISATION AND INCOME MANAGEMENT PROFITEERING - April 2019

This is about the privatisation of government services via taxpayer funded infrastructure, set up by private operator, Indue Ltd (Indue). It’s been set up to open up billions of dollars worth of income management, for the financial and commercial sectors. Income management has now become a product to sell.

LINK- The Aim

THE PONZI POLITICIANS PAWNING OUR ASSETS – Nov 2019

…………future projects will be funded through a combination of ­borrowing more money at low rates and selling off assets.

Link - The Sustainable Australia Party

Link- The Daily Telegraph ( subscription)

FALLING BEHIND, BUT NOT GOING BACKWARDS – Dec 2019

Australia will have the highest growth rate in GDP (gross domestic product) of any of the world’s twelve largest “advanced economies”: a feat it has achieved only twice in the past decade. The problem is that GDP growth is not the bottom line of economic success.

The real bottom line is GDP per head. That’s what makes Australia a rich country, whereas India — which produces eight times more goods and services than we do — remains a middling poor one. And when you look at the IMF’s forecasts for growth next year in GDP per head, Australia goes from the top of the list to the bottom.

Link - Inside Story

IT'S A DUMB ECONOMY, STUPID -Dec 2019

Some advocates of high immigration claim that it raises the rate of growth per head... It is worth noting that the IMF data shows that Australia’s experience of high immigration has done anything but lift the economy: since 2013, when the Coalition was elected, Australia has had by far the highest rate of immigration and population growth of the big twelve, yet the third-lowest growth in per capita output.

What's the point of GDP 'growth' again if it's diluted amongst more people? All pain, no gain?

Link - The Sustainable Australia Party

 

 

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