Craig Hill Media and Consulting
Economics
Negative income tax would help low income earners
Negative Income Tax is an alternative to the Universal Basic Income, and reverses the direction in which tax is paid for incomes below a certain level. It provides that wage earners above a certain level of income pay tax, while those below that level receive support from the government. As a grossly over-simplified example, the … Continue reading
Australian Treasury too rosy about China
In October 2009, a former top Treasury official at the Australian embassy in Beijing slammed the Rudd government for a “dysfunctional China policy”. Stephen Joske went further, saying “there’s no one in Treasury who can tell up from down on China, beyond what they read in the newspapers” – a serious charge given the importance … Continue reading
Australia warned of China economy danger
Former Australian prime minister John Howard has warned Australia not to become mesmerised by China, and instead focus on maintaining an efficient and productive economy. In a major speech to the Australian Chamber of Commerce in Shanghai, Mr Howard said he believed Australia must stay diversified and not become reliant on the mining industry. China … Continue reading
Australian debt may grow beyond $300 billion limit
Australia’s debt could breach the government’s legislated $300 billion maximum limit this calendar year as the outlook for Australia’s resource sector deteriorates. Treasury’s senior budget official, Nigel Ray, told the Senate economics committee last week that the debt was expected to rise no further than $290bn in 2013-14, based on the budget forecasts. Although it … Continue reading
Australian stocks surge to 19-month high as US fiscal cliff averted
THE sharemarket started 2013 with a bang as US lawmakers agreed a budget deal to avoid the worst of the so-called fiscal cliff that had threatened to derail the world’s biggest economy. The benchmark S&P/ASX 200 closed up 1.2 per cent at a 19-month high of 4705.9, also after better Chinese manufacturing data helped lift commodity … Continue reading
July 16 2012 China Daily Mail Headlines
China’s Catastrophic Deleveraging Has Begun Posted by jackbassteam ⋅ July 16, 2012 ⋅ Leave a Comment 1. The frustrated and aggressive central bank If one wants to know how bad the health of China’s economy has gone, look no further than the PBOC‘s composure, which seems rather frustrated and aggressive as of late. On 5th July, … Continue reading
Craig Hill Media and Consulting 