For many years, MB has argued that the Australian Bureau of Statistics’ (ABS) estimate of the export of education is exaggerated because it incorrectly included income from international students working in Australia. On Wednesday, the ABS released a paper confirming that one-quarter of the reported export figure comprises money earned in Australia and, therefore, is
Asian share markets are again dissecting the news and double speak from their respective central bankers with the PBOC pushing through a modest medium term cut helping Chinese stocks higher. Australian shares remain in flux due to the RBA’s inaction while it looks like a slow start to the European session tonight. Euro is holding
Healthcare is one area in which Australia has excelled. Medicare, a comprehensive, government-funded health insurance program that provides discounts on medical expenses, is available to all Australians. All Australians are entitled to free medical treatment in public hospitals. Australia also has a national Pharmaceutical Benefits Scheme that provides considerable subsidies to ensure that consumers are
In the period up to and around the millennium, negative gearing and capital gains tax discounts were significant to property prices. They are not any more. Mass immigration and stock shortages for both rentals and purchases have kept the housing bubble inflated ever since 2003, more and more since 2013, and especially since COVID lowered
We often hear Big Australia shills claim that Australia’s population is still smaller than it would be if it were not for the pandemic. These shills often also claim that Australia’s immigration has been at record levels because of “catch-up” migration. Last year, a Coalition MP used a good analogy to ridicule this “catch-up” claim.
Your nation is being destroyed by the gas cartel: Australia’s use of gas will be an election flashpoint as the Coalition pledges to streamline project approvals in a quid-pro-quo with companies to keep more of the fossil fuel for local use. The pledge from resources spokeswoman Susan McDonald built on a speech from Dutton on
Reserve Bank of Australia (RBA) governor Michele Bullock said that she would “look through” the result, but the ABS monthly inflation indicator has been released with CPI inflation rising by 2.7% in the 12-months to August, down from a 3.5% rise in the 12 months to July: The most significant price rises at the group
Several federal government sources have confirmed that the Albanese government is examining scaling back negative gearing and capital gains tax concessions, which it could take to the upcoming federal election. The Albanese government has tasked the Treasury for advice on potential changes amid growing pressure from the Greens to clamp down on property tax concessions.
Victoria’s 90-kilometre Suburban Rail Loop (SRL) is arguably Australia’s worst infrastructure project ever. Just before the 2018 State Election, former Premier Daniel Andrews announced this project. Andrews initially announced that the SRL’s three stages would cost $50 billion. However, the cost to build and run the project has already risen to more than $200 billion.
I did tell you to wait until Xi Jinping gave you the green light and he has: The PBoC will set up a swap facility of CNY500 billion allowing securities firms, funds,and insurance companies to tap liquidity from the central bank to purchase equities. It will also set up a specialized re-lending facility of CNY300