Category Archives: Mining Boom

Of razor gangs, budget cuts and the policy mix

In the Channel Nine series Underbelly Razor – as in real life – Sydney’s criminal matriarch Tilly Devine did not hesitate to wield the razor to keep her motley empire in line and protect it against incursion by rival gangs. … Continue reading

Posted in Budget, Gillard Government, Global Financial Crisis, Interest Rates, Mining Boom, Reserve Bank | Leave a comment

Euro zone a car crash: best keep your eyes on the road

You know how most of the traffic created by a car crash is not the crash itself, but everyone slowing down to have a rubberneck? Well, the same thing can happen with economies. And fair enough, the unfolding car crash … Continue reading

Posted in Banks, Budget, Currency, Employment, Gillard Government, Global Financial Crisis, Interest Rates, Mining Boom, Reserve Bank | 1 Comment

Tony Abbott-o-nomics, or not…

Economics textbooks are hefty objects. Many a kinked neck and curved spine have resulted from children being forced to lug such weighty tomes between school and home. Whether many students manage to read and absorb the often turgid contents of … Continue reading

Posted in Budget, Climate change, Gillard Government, Global Financial Crisis, Mining Boom, Tax | 4 Comments

Don’t Panic! You’re all going to panic now, aren’t you?

IS THERE any more surefire way to induce widespread panic than the phrase “don’t panic”? Well, here goes anyway: DON’T PANIC. May as well leave panicking to the fickle souls trading daily in financial markets, if only because they are … Continue reading

Posted in Employment, Global Financial Crisis, Interest Rates, Mining Boom, Reserve Bank | 1 Comment

Opponents of mining tax outnumbered 2 to 1

THE majority of Australians support the idea of a mining tax, with supporters outnumbering opponents almost two to one, according to a new survey to be released today (19/09/2011).

Posted in Budget, Gillard Government, Mining Boom, Tax | Leave a comment

How would an Australian sovereign wealth fund work?

The Reserve Bank Governor, Glenn Stevens, has described the boom in prices for Australia’s commodity exports as the biggest gift to this nation since the 1850s gold rush. But lately, more Australians seem inclined to look this particular gift horse … Continue reading

Posted in Budget, Gillard Government, Mining Boom | Leave a comment

US credit rating downgrade explained

PERHAPS the most confusing thing about the first-ever downgrade to the credit rating of the United States government is the way it simultaneously says everything, and nothing, about the future of the world economy. In simple terms, a country’s credit … Continue reading

Posted in Banks, Budget, Gillard Government, Interest Rates, Mining Boom, Reserve Bank | 9 Comments