Articles tagged with: Economics
WITH what seems to be his somewhat premature decision to prevent the merger of the Singapore and Australian stock exchanges, Treasurer Wayne Swan is once again in the media spotlight.
This concentrated attention can only increase when Swan who is Acting Prime Minister until Julia Gillard returns from leave tomorrow hands down the May 10 federal budget. One doesn’t have to have a crystal ball to predict that the 2011 budget will be one of the toughest in the last decade, as the Gillard Government fights to bring the books back …
DOOMSAYERS who think the current global economic crisis spells the end of capitalism as we know it should think again.
For a start, instead of winding back after the failure of the globalising free marketeers, the stated aim of the G20 group of countries, enthusiastically endorsed by Kevin Rudd, is to extend the unregulated free market worldwide. In a similar manner, and despite the opposition of China, Rudd is pushing for all 21 of the Apec member countries to universally embrace ‘free trade’.
Rudd and other world leaders should look before …
There’s been a predictable black and white response over the last fortnight to former federal resources minister Ian Macfarlane’s advocacy of nuclear power as a realistic energy option for reducing greenhouse emissions.
But what has largely been ignored is the role of gas-fired energy generation.
The deleterious impact of emissions trading on our economy will be felt most severely in the Latrobe Valley of Victoria where such a scheme will result in significant job losses in a number of brown-coal fired power stations. The same applies to New South Wales, because …