Low wage growth, tumbling GST receipts, bushfires, drought and a weakening global economy have forced the Morrison government to slash the forecast budget surplus to $5 billion. By Samantha Maiden Treasurer Josh Frydenberg has unveiled the mid-year budget update, pledging the budget remains ‘back in black’ for the first time […]
Frydenberg’s vaunted surplus is a purely political objective – and not something a good economic manager would focus on. By Greg Jericho. At what point can we say a plan has failed? How much longer are we to be subjected to the fallacious belief that a budget surplus is the […]
Tourism authorities have urged holidaymakers to think twice before cancelling Christmas and summer getaway plans due to extensive bushfires across New South Wales. By Claire Wheaton and Adriane Reardon Key points: More than 1 million hectares have burnt across NSW this bushfire season, many in popular holiday destinations South coast […]
Hidden ingredients in imported foods are putting allergy sufferers at risk, new research has shown. By Isabelle Lane Potentially deadly allergens were found lurking in nearly one in two of the imported food products tested by researchers from James Cook University (JCU), a study published in the Food Additives & Contaminants […]
The 0.4% Australian GDP growth for the third quarter was lower than forecast by the Reserve Bank this week. But although it might have caught Martin Place by surprise, it’s no great shock to many close observers of the Australian economy. By Martin Farrer With the retail sector on its […]
The drought has claimed another victim as another dairy farm and processor in northern New South Wales, Big River Milk, calls it a day. By Luisa Rubbo, Claudia Jambor and Michael Cavanagh Key points: Yet another NSW dairy operation will shut down at the end of the week as running […]
It’s nice that the Reserve Bank has finally caught up with the real world when it comes to capital’s wages strike – not that our central bank quite calls it that. By Michael Pascoe After half a dozen years of forecasting otherwise, Tuesday morning’s Wages and Employment speech by the RBA’s […]
The Coffs Harbour Chamber of Commerce believes that the upcoming Coffs Harbour City Council decision on the future of the management operations of Coffs Harbour Regional Airport and Enterprise Park is critical for the future of the City, and removes the risk and financial commitment to ratepayer for generations to […]
The way we assess economic performance and social progress is fundamentally wrong, and the climate crisis has brought these concerns to the fore. By Joseph Stiglitz The world is facing three existential crises: a climate crisis, an inequality crisis and a crisis in democracy. Will we be able to prosper […]
Coffs Harbour businesses are feeling the pressure of fire and the loss of major events ahead of Christmas says the Chamber of Commerce who on Prime TV News last night have urged the people of Coffs Harbour to ‘shop local.’ See; https://www.prime7.com.au/news/16768-buy-local