On Tuesday night, Professor Ross Garnaut delivered a speech to Victoria University’s 2013 Vice-Chancellor’s Lecture and dinner, titled “Ending the great Australian complacency of the early twenty first century.” It is a well-researched and candid view of Australia’s current economic position and the significant challenges we now face. The age …
If you were the Treasurer announcing your budget tomorrow, what would you cut and why?
Is it possible to grow a housing bubble the size of Australia’s with prudent lending standards? So it probably comes with little surprise when Denise Brailey from the Banking and Finance Consumers Support Association (BFCSA) suggests there could be an estimated $100 billion worth of toxic loans in Australia. Bill …
Treasurer Wayne Swan says it is “utterly irresponsible” to call today’s 25 basis point cut to the official cash rate as a cut to “emergency” levels. He is referring to the emergency low 3.00 per cent the cash rate reached after the collapse of Lehman Brothers and at the height …
Among the backdrop of growing budget deficits, the government struggling to fund Gonski and the National Disability Insurance Scheme (NDIS), the Australian Taxation Office (ATO) yesterday released figures showing negatively geared property investors lost a cool $13.285 billion in 2010-11 with much of this loss funded by the taxpayer. It …
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