Posts in ‘Economics’

Sub-Prime easier than Iraq

Saturday, September 20th, 2008

The ABC claims that the US financial crisis could cost $500 billion to $1 trilion. I don’t want to trivialise the amount, but it should be well within the capability of the US to cope with it. Afterall the war in Iraq is estimated to have cost $3 trillion. So I don’t think that we […]

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Posted by Graham at 5:35 pm | Comments (7) |
Filed under: Economics

Too much information on the budget

Wednesday, May 14th, 2008

If the budget hasn’t sent you to sleep yet, take two of these (they’re podcasts, so you can lie down as well): Peter Anderson – Australian Chamber of Commerce and Industry Bob Brown – Leader of the Australian Greens Ed Coper – Campaigns Co-ordinator for GetUp Alex Mallie – President of CPA Australia Richard Gilbert […]

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Posted by Graham at 9:58 pm | Comments Off on Too much information on the budget |
Filed under: Economics

Good traditional Labor budget

Tuesday, May 13th, 2008

That’s the traditional Beattie, Carr, Bracks, Rann, Gallup budgets that have been slowly strangling their respective states, giving rise to the famous blame game, where they try to compensate for the revenue they’ve squandered by putting the bite on the feds. Like many Liberal voters I used to vote Liberal on the basis that while […]

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Posted by Graham at 9:58 pm | Comments (1) |
Filed under: Economics

Open for foreign supermarkets, but not foreign ships

Wednesday, April 23rd, 2008

Every government, no matter how honest its intentions, ends up shaving the common good for sectional interest. It’s unavoidable, but spotting the inconsistencies can be fun. With increased food prices the government is desperate to be seen to do something about them, particularly as they can’t and it was a core election promise that they […]

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Posted by Graham at 10:47 am | Comments (5) |
Filed under: Economics

Fuel fools

Thursday, April 17th, 2008

The federal government’s new FuelWatch is likely to be as effective in lowering prices as those proposals contained in nuisance emails that still circulate the Internet. The ones that say we can force petrol companies to lower prices by boycotting one of the petrol brands for a while, the idea being that the company boycotted […]

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Posted by Graham at 3:46 am | Comments (1) |
Filed under: Economics