Despite the Treasurer听saying workers鈥櫶齱ages are听not听to blame for inflation, the government is not coming up with solutions to address wage stagnation, argues Jacob Andrewartha.
inflation
The Reserve Bank of Australia has made clear it would rather make life much harder for workers 鈥 even if it means tanking the economy 鈥 than touch record-high corporate profits. Fred Fuentes reports.
The federal government will spend听$48.6 billion on the military. This, we are told, is to keep us safe. But, as 奥颈濒濒颈补尘听叠谤颈驳驳蝉 argues,听many are feeling decidedly unsafe. Our fear is real as we wonder听how to keep warm, pay the bills and听keep a roof over our heads?
Inequality is rising, and the trends听are not new, as Fred Fuentes explains.
Matthew Alexander explains why the leadership debate about how to address cost-of-living rises and housing affordability is cynical, at best.
听
Workers are being told that a pay rise to match inflation will hurt the economy and 鈥渇uel鈥 inflation. William Briggs takes issue with those arguments.
Cost-of-living pressures and the economy are critical issues in most election campaigns, and they certainly are in this one, argues听William Briggs.
The big shift in wealth from non-owners of residential property to owners continues.听Renfrey Clarke argues听the federal government鈥檚 efforts to inflate its way out of the COVID-19 economic slump have made upward pressures on housing prices extreme.
Three weeks have passed since the fall of Kabul. If one dares to go outside, then all you see is the Taliban 鈥 with their guns roaming around 鈥 very few women can be seen outside, writes Yasmeen Afghan.
The Australian economy is set for a significant slowdown in response to the COVID-19 shutdown, with the jobless rate expected to climb to 10%. The question, asks听Graham Matthews,听is who will pay?听
In recent weeks, local and international media have attacked the left-wing Venezuelan government over alleged 鈥渆conomic woes鈥.
Pointing to Venezuela鈥檚 inflation rate 鈥 the highest in Latin America 鈥 and an economy that shrank 3.3% last year, the private opposition media is raising fears of a serious economic crisis.
These same media outlets, which have been predicting the fall of President Hugo Chavez for years, argue recent government actions will worsen the situation.
Venezuelan business federation Fedecamaras warned on May 5 that Venezuela faces an 鈥渆conomic and social crisis鈥.
In further moves to strengthen the state鈥檚 role in the economy, Venezuelan President Chavez announced on May 11 the creation of a publicly owned import-export company as part of a broader plan to combat 鈥渢he hegemony of the bourgeoisie鈥, speculation and inflation.
Despite price controls and a fixed exchange rate, inflation reached 25.1% in 2009 鈥 the highest in Latin America.
Central bank figures reported inflation climbed 5.2% in April (double that of March), bringing accumulated inflation for 2010 up to 11.3%.
- Previous page
- Page 3