This could plunge us into a new depression
PRICES are falling, but we’re not celebrating. One of the world’s biggest economies is on the brink of a crisis, and we could be heading to a new Great Depression.
Economy
Is there a housing bubble that’s about to burst?
FOR most people, their home is their most valuable asset, so discussion about a housing bubble have sounded alarm bells.
Is Australia’s luck running out?
WE’RE the lucky country, but maybe not for much longer. Wages are falling and pessimism is growing. It’s the dire warning you need to hear.
The 10 best tips for making money
AFTER a decade of writing about finance, here are 10 things I do know about money: how to make it and how to protect it, writes Jessica Irvine.
Firms’ ‘lock rivals in change rooms’
IF sport was like business, existing law would let Hawthorn lock Melbourne in the change rooms, and the ACCC has a plan to stop to it.
Unemployment rate drops to 6.1 per cent
IN WELCOME news for the economy, the unemployment rate dropped in August with 120,000 new jobs added to the market.
Budget hits consumer confidence
JUST when you thought it was safe to go back to the shops — consumer confidence was getting better, but the budget bogeyman has reared its head again.
Consumers shake off budget blues
CONSUMERS appear to have shaken off the federal budget blues, with retail sales rising for the second month in a row.
Has the nanny state gone too far?
NOTHING stirs up the emotions quite as much as the debate around the so-called nanny state. But do we need our government to baby us?
Interest rates on hold until 2015
THE RBA has left the cash rate on hold for the thirteenth consecutive month. This is what it means for homebuyers, and it’s not all good.
Where’s our interest rate cut, Gail?
BANK CEOs like Gail Kelly need to ‘please explain’ why funding costs have fallen, but mortgage rates haven’t?
The great $1 billion credit card sting
WE all know to be wary of credit card fees. But some banks are getting away with charging 23.5 per cent interest. Quite a hide, when you consider the cash rate is at an all time low.
Medibank Private sold by December
THE Abbott government will sell off Medibank Private and expects the insurer to be listed on the ASX by the end of the year.
Has this man taken our holidays?
FLIGHT Centre has blamed a 16 per cent plunge in net profit on the Federal Budget’s impact on households’ travel spending.
Missing the point of a $7 GP fee
COMMENT: Everyone is missing the point on the government’s $7 GP co-payment. An unfair assault on the sick and the poor? Hardly.
Moody’s drops WA credit rating
MOODY’S Investors Service has downgraded Western Australia’s credit rating, in yet another blow to the state’s budget woes.
It’s time to fire up, Australia
COMMENT: A national whinge feast won’t fix the budget or fire up growth; there’s only one way to do that … unleash your inner mongrel.
Doctors’ hidden agenda on GP fee
IT was billed as a compromise to spare pensioners and children from an unfair charge. But the GP fee proposal is also about them making more money.
The budget blow-back explained
IT has been 100 days since Joe Hockey handed down his first budget and we’re still talking about it. So what has actually been passed and what is still in limbo?
Top banker calls for ‘animal spirits’
THE governor of the Reserve Bank has taken the unusual move of calling on Australian businesses to embrace their “animal spirits” to drive confidence.
Budget unfair? Nonsense, says govt
THE Abbott government’s budget is “no game” and was always going to be a marathon rather than a sprint, Finance Minister Mathias Cormann says.
What Wayne Swan’s book left out
OPINION: In its misplaced vanity, Wayne Swan’s memories which have been documented in his new book represent a missed opportunity to reflect upon a crucial part of Australia’s economy.
Joe’s budget bravado long gone
IT’S more than three months since the budget and the government is still being stonewalled by a stubborn Senate crossbench. So what could happen next?
Yep, we are getting poorer
WALLET feeling a little thin? You’re not alone. Australians’ pay packets are stuck in a rut. It’s so bad we’re actually going backwards.
Joe’s car crash: Hockey’s ‘poor don’t drive’ slur
THE treasurer stood by his radio comments that the Budget — in particular the fuel tax – would hit high- income families because the rich drove further.
Australia’s AAA credit rating ‘at risk’
A CREDIT rating agency warns Australia could lose its AAA rating if the Budget doesn’t pass the Senate, prompting a new spat between Tony Abbott and Bill Shorten.
Australia’s AAA credit rating ‘at risk’
A CREDIT rating agency warns Australia could lose its AAA rating if the Budget doesn’t pass the Senate, prompting a new spat between Tony Abbott and Bill Shorten.
‘You can call it a tax…or a rabbit’
HE sat. And he squirmed. He called it a ‘payment’. He even said we could call it a ‘rabbit’. But Joe Hockey was finally forced to admit the $7 co-payment is a tax.
What’s Tony’s plan for your state?
PRIME Minister Tony Abbott says our Federation is ‘dysfunctional’. He says we need to fix it. But what exactly does he have in mind and should we be alarmed?
Most-hated Budget in a long time
AUSSIES say the LNP’s Budget is the worst in a very long time. When was the last time a government’s finances were hated so much?
Protesters in ‘violent’ clash with Mirabella
FORMER Liberal MP Sophie Mirabella has been rescued by police this morning after being mobbed by angry protesters.
It will only get worse for Abbott
TONY Abbott’s popularity will worsen as his horror Budget unites an unlikely consortium of protesters and weakens his ability to govern.
It will only get worse for Abbott
TONY Abbott’s popularity will worsen as his horror Budget unites an unlikely consortium of protesters and weakens his ability to govern.
What $7 means to one Aussie family
TO JOE Hockey, the $7 fee to visit a doctor, introduced in the Budget, is just “two middies of beer”. But for this Melbourne mum it is nappies or fuel, and she can’t afford both.
What $7 means to one Aussie family
TO JOE Hockey, the $7 fee to visit a doctor, introduced in the Budget, is just “two middies of beer”. But for this Melbourne mum it is nappies or fuel, and she can’t afford both.
Budget gives ‘Labor back its voice’
THE Abbott Government’s first Budget has given Labor back its voice, Opposition Leader Bill Shorten told members in Melbourne.
Why Advance Australia unfair?
OPINION: If they’re serious about fixing the Budget AND contributing to a fairer Australia, Tony Abbott and Joe Hockey have more work to do.
By God Joe, settle down
UPDATE: Joe Hockey has fired back at Bill Shorten by invoking the force of a higher power, as a Lib MP reveals “options” if key Budget plans are quashed.
Homeowners are winners in Budget
HOMEOWNERS dodged a bullet in this year’s Budget, with multi-billion tax breaks failing to come under scrutiny.
Homeowners are winners in Budget
HOMEOWNERS dodged a bullet in this year’s Budget, with multi-billion tax breaks failing to come under scrutiny.
Shorten to Abbott: Bring it on
BILL Shorten says his party will fight the Medicare co-payment, petrol excise rises and age pension changes as he sets the scene for the battle ahead.
GST: A $25bn fillip for Budget woes
RAISING the GST and applying it to fresh food, health and education would more than offset budget cuts to schools and hospitals.
GST: A $25bn fillip for Budget woes
RAISING the GST and applying it to fresh food, health and education would more than offset budget cuts to schools and hospitals.
Was Shorten taking notes on Abbott?
TONY Abbott was a ruthless opposition leader. Now in the same position, Bill Shorten will today prove whether he has same fire. And whether it can revive Labor.
Treasurer’s wife wears Carla Zampatti
YOU can buy a $750 dress or you can go to the doctor 107 times under Hockey’s new measures. Is it a bad look for his wife to wear a frock valued at $750 on Budget day?
‘Why I can’t afford to leave uni’
THEY’RE over-qualified, desperate and struggling to find work. Many Australian uni graduates are in a jobseeker crisis, and the new Budget isn’t helping.
Howard: Budget ‘had to be done’
FORMER prime minister John Howard has given his verdict on the Federal Budget, saying it would make us “lean without being mean”.
Furious Shorten’s wild Budget spray
THAT was intense. Opposition Leader Bill Shorten has totally teed off in response to the Federal Budget. Who knew he had a personality?
Hockey’s awkward TV interview
TONY Abbott defends Joe Hockey after Nine’s Laurie Oakes put the Treasurer on the spot on live TV this morning. Big time.
The Budget clangers you didn’t notice
FOREIGN aid, immigration, the arts. You know the main things in this year’s Budget, but what about the things you missed? Here are the clangers you didn’t notice.
Original URL: https://www.heraldsun.com.au/business/economy/page/145