Posts in ‘Economics’

Occupy – a vacant lot

Tuesday, October 25th, 2011

If a field full of Irishmen is called a Paddy field, what do you call a field full of Australians? A vacant lot. Boom boom. It’s an old joke and it’s what comes to mind when I see reporting of Occupy Melbourne, or Occupy Sydney, or Occupy Wherever. They’ve had over a week to work […]

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Posted by Graham at 6:37 am | Comments (28) |

The pea, the shell and the Euro

Sunday, July 24th, 2011

Recently in Naples we saw the classic pea and shell game being played on the street. The shell master wasn’t always winning, either, and sometimes he had to pay out to his sharp-eyed betters. The markets are now playing a similar game with the banks around bets over where the debt will be hidden when […]

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Posted by Ronda Jambe at 5:47 pm | Comments Off on The pea, the shell and the Euro |
Filed under: Economics

The future of retail Gerry Harvey

Wednesday, June 22nd, 2011

I recently asked Gerry Harvey to “phone me” because I had some free advice for him about his campaign against GST free online purchases. Now I have some more free advice from him sourced from Minyanville, who provided the handy info-graphic at the end of this post. The graphic compares Amazon and WalMart – two […]

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Make or break budget? Drop me a line.

Monday, May 9th, 2011

Tonight’s federal budget is make or break for the Gillard/Swan government. They are close to written-off, but not quite. Ten years ago John Howard seemed headed for certain defeat, but dramatically changed direction during the Ryan by-election, taking a tax off beer and indexation off fuel excise. At the time the pundits criticised him for […]

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Posted by Graham at 9:14 pm | Comments (6) |

Recalibrating the Risks

Tuesday, January 18th, 2011

‘Put it all on the red!’ That’s the phrase my spouse uses when joking about any situation where all the eggs are in one basket, and chickens double-counted well before they become hatchlings. He used to enjoy blackjack, probably a bit too much, and has strong memories of what can happen when bets aren’t hedged. […]

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Posted by Ronda Jambe at 3:32 am | Comments Off on Recalibrating the Risks |
Filed under: Economics,Uncategorized

CSIRO to NBN – just watch us innovate

Wednesday, November 3rd, 2010

Today CSIRO announced that it had developed new wireless technology that allowed multiple users to download data at 12 Mbps without any reduction in the data transfer rate.

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Posted by Graham at 7:27 am | Comments (3) |

Gillard’s mining tax a fix not a masterstroke

Saturday, July 3rd, 2010

With her rebadged Resource Super Profits Tax Julia Gillard confirms she has no vision for Australia and that big business cannot and should not be relied upon to look after the common interest. It is a pea and thimble trick that appears to have fooled the mining companies, but should fool no-one else. The original […]

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Posted by Graham at 1:26 pm | Comments (5) |

Mining not that profitable afterall

Monday, June 28th, 2010

Writing in the BRW, Phil Ruthven puts the lie to the, well lie, that the mining industry is earning super profits.

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Posted by Graham at 1:57 pm | Comments (11) |

Rudd tries to do a Westfield

Tuesday, June 8th, 2010

What we normally call “rent”, and what economists mean by “rent” when they talk about rental taxes, are two different things, but there are lessons for resource rental taxes that can be drawn from the everyday experience of renting.

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Posted by Graham at 1:30 pm | Comments (7) |

Rudd’s kleptocratic resources tax

Monday, June 7th, 2010

Some people would say that all taxation is theft. I don’t accept that, but in the case of the Rudd government’s so-called Resources Super Profit Tax theft is occurring at two levels. That is what has got me angry about the tax, and I suspect it underlies a lot of the public opposition to it […]

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Posted by Graham at 2:19 pm | Comments (3) |