Alan Greenspan’s admission that he was “partially” wrong to resist calls for more regulation that may have averted the financial crisis in the US shows why it’s important to change governments on a regular basis. Without the closet cleaning that goes on during the transition problems become exacerbated by being ignored. In the case of [...]
On the back of the news that “Geothermal energy developer Geodynamics is preparing to put its technology to the test and power up the South Australian town of Innamincka”, I question if there’s a serious future for this technology. To me it makes much more sense than being held to ransom by OPEC who, despite [...]
Concerned industry leaders believe that an information vacuum is creating unnecessary worry and the Rudd government should now reveal the information that informed their decision to announce a $10.4 billion economic stimulus package.
The failure of the government to release this information invites skepticism and suspicion about the real motives behind the package.
Headlines that ANZ economists expect the official cash rate to fall to 4.5% by the middle of next year should be welcome news to home owners.
With many real estate markets suffering from a glut of stock sharp reductions in interest rates together with a temporary doubling of grants available to first home buyers could be [...]
Kevin Rudd is at his populist best in tarring Australian banking executives with the same brush as their free-wheeling US counterparts.
There are no indications to this point that any of the Australian banks are at risk of failure despite international problems with liquidity; and yet that hasn’t stopped Rudd calling for a cap on executive [...]
What is the government hiding. If they can spend $10.4 billion to rescue the country why can’t they level with us now and outline, at least in broad terms, how they came to the decisions and what impacts they see the package having on the economy.
I’m smelling obfuscation, deception, and incompetence. I hope I’m wrong.
Govt [...]
Rudd slams ‘obscene failures’ in banking system – ABC News (Australian Broadcasting Corporation)
Yesterday the Government also announced a $10.5 billion stimulus package to help Australia cope with the meltdown.
Mr Rudd says the package has come at the right time.
“As Prime Minister I will not sit idly by and watch Australian households suffer the worst effects [...]
