Blame the political class David Flint Getty Images David Flint 31 May 2025 9:00 AM A small population on a resource-rich continent, we Australians should be significantly wealthier. Our GDP per capita, around US$65,000, should be at least 50 per cent higher. Instead, we are going backwards. In the two years to March 2024, householdsContinue reading “Australia gets poorer”
Tag Archives: economy
‘Unseen hand’ moving large amounts of gold to New York – Aussie gold shares at decade low
Date: February 15, 2025Author: Editor, cairnsnews 11 Comments “WE all know that the financial system is, as some people would say, it’s been cooked,” US gold trader, Josh Phair, CEO of Scottsdale Mint, said recently on the precious metals site Kitco News. Phair was attempting to explain the recent massive moves of gold from LondonContinue reading “‘Unseen hand’ moving large amounts of gold to New York – Aussie gold shares at decade low”
China’s spying operation in Australia
Date: February 10, 2025Author: Editor, cairnsnews 9 Comments Pic – Getty By Harry Palmer This revelation in May 2024 by the ABC is both chilling and eye-opening, shedding light on the scale and intensity of China’s covert operations around the world. Eric’s willingness to come forward is a major risk, for revealing classified, sensitive informationContinue reading “China’s spying operation in Australia”
Canada, Mexico send troops to the border, win 30 days reprieve on tariffs
Joe Kelly The Australian February 4, 2025 Canada and Mexico have been granted a one month reprieve from Donald Trump’s 25 per cent tariffs after both countries agreed to deploy 10,000 troops to their borders with the US to stop crossings of migrants and illicit drugs. The US President posted on his Truth Social platformContinue reading “Canada, Mexico send troops to the border, win 30 days reprieve on tariffs”
Gorilla about to devour Labor’s green dream
Chris Uhlmann the Australian January 31, 2025 In November a banana taped to a wall sold at a New York auction for $9.57m. Or rather, the idea of the artwork, called Comedian, sold. What crypto entrepreneur Justin Sun bought was a certificate of authenticity that gives him sole authority to gaffer-tape a banana to aContinue reading “Gorilla about to devour Labor’s green dream”
Ghosts of premiers past: Queensland’s budget is a fiscal horror show
Judith Sloan The Australian January 23, 2025 Once upon a time – OK, a very long time ago – public finances in Queensland were extremely well-managed. Public sector superannuation was fully funded, recurrent budget surpluses were the norm and there was limited government debt. The state’s credit rating was an unquestioned AAA. It began toContinue reading “Ghosts of premiers past: Queensland’s budget is a fiscal horror show”
Noxious Imports and Virtuous Tariffs
Peter Smith Quadrant Online January 4, 2025 Need a change of pace. My last two QoL posts have been about the excesses flowing from Islam. As usual, the topic draws the odd rationalisation: to wit, all religions at some point have spawned the persecution of non-believers, and that hoary chestnut, namely that the Old TestamentContinue reading “Noxious Imports and Virtuous Tariffs”
John Howard, Peter Costello lash Anthony Albanese and Jim Chalmers’ budget mismanagement
Troy Bramston The Australian December 31, 2024 John Howard has warned that Australia’s deteriorating budget bottom line and escalating debt could put the nation’s credit rating at future risk, while Peter Costello has lashed Treasury as an institution in decline that no longer defends taxpayers against spendthrift governments. The former prime minister and treasurer criticisedContinue reading “John Howard, Peter Costello lash Anthony Albanese and Jim Chalmers’ budget mismanagement”
Did you just have a tight Christmas? Blame Labor’s reckless spending spree
Saxon Davidson The Herald Sun December 25, 2024 Like a disappointed parent at Christmas dinner, MYEFO delivered some home truths to Jim Chalmers he has been seeking to avoid during his time as federal Treasurer. With forecast deficits of $143 billion across the forward estimates, and federal government debt set to soar to $1.16 trillionContinue reading “Did you just have a tight Christmas? Blame Labor’s reckless spending spree”
Economist says Australia is in recession, with private sector being ‘clobbered’ by Labor’s extreme immigration policy
Date: December 5, 2024Author: Editor, cairnsnews 20 Comments Australia’s Labor Party Treasurer Dr Jim Chalmers sends the country broke, has not held a real job in the private sector From Macrobusiness The head of Deloitte Access Economics, Pradeep Philip, gave one of the best summaries of Wednesday’s Q3 national accounts release from the Australian BureauContinue reading “Economist says Australia is in recession, with private sector being ‘clobbered’ by Labor’s extreme immigration policy”
Nelle's journey 