OPECs 2017 output cuts have managed to successfully push oil prices higher. But the agreement only runs to the end of 2018. Already some members have said they might increase production before the end of the year. Like Russia.
With more news surfacing about the unethical behaviour from AMP Limited this week, we have to ask ourselves the question: Are we are doing enough to ensure we’re not being taken advantage of?
The latest figures show federal government debt will be ‘only’ $558 billion in 10 years. That was forecast to be $684 billion less than six months ago. Even if you had a close review of the budget, there’s one expenditure you probably missed.
The fears that oil prices would rocket if US President Donald Trump canned the Iran nuclear accord have proven unfounded. Oil prices did nudge up on the news, but only around 2.5%. That limited price rise indicates Trump’s move had been widely anticipated.
Australian Treasurer Scott Morrison is expected to announce a plan to reduce income taxes when the Federal budget is released today. But the treasurer warns that Australians shouldn’t count on ‘mammoth tax cuts’.
For all the noise generated over our children being bad at spelling, maths and generally falling behind internationally, we are reminded — every so often — about how our kids are changing the world.
The massive increase in US production caught the market flatfooted in late 2014. Oil prices fell off a cliff into 2016, when WTI traded below US$30 per barrel. And it looks like history might repeat.
It was back in February when former Prime Minister Tony Abbott prompted a national debate over immigration. And it seems Former Prime Minister John Howard is not only listening but supporting his successor.
Governments around the world are determined to do everything in their power to keep this house of cards standing. However, this extraordinary asset inflation and unparalleled income inequality won’t end well.
Enjoy the extra 0.5% of your money the government has decided not to take from you this year. Despite Scott Morrison’s optimistic outlook, the Medicare levy — plus all the new levies the government has yet to dream up — are likely to be back on the table soon enough.
Despite what his own ego might be telling him, Trump cannot dictate the global oil price with a few tweets. However, he does have a large number of levers he can pull to increase supply…
The federal government is pressing to get corporate tax cuts passed this week, in the final Parliamentary sitting before the May Budget. The government is arguing that cutting company tax from 30% to 25% by the 2026–27 financial year, would trigger jobs and wage growth.
The war on drugs just isn’t working. We’ve already seen this happen with the prohibition of alcohol in America from 1920–1933. And now we are seeing in the prohibition of marijuana.
The ATO has been given the powers generally available only to government lackeys in a despotic state. A state where the ordinary expectations of a citizen to be treated fairly having access to an impartial process have been totally discarded.
Whistle-blowers have made shocking accusations of revenue-raising tactics within the Australian Taxation Office (ATO). Small businesses and contract workers have been among the victims of the ATO’s alleged exploitative practices. Several concerns from business owners were raised about the extent of the ATO’s powers.
Here’s the most important takeaway. One you’re not going to read in the mainstream media: The poor, naïve customers are not without blame.
Saudi Arabia is pulling out of its plans to list their state-owned oil giant Aramco in the US in what would have been the world’s biggest initial public offering (IPO). Time will tell if the Saudis open their oil taps wider now that the IPO looks to be off the table.
The political climate means that defence spending is on the rise. North Korea is one trigger. As is the ongoing threat of terrorism. The boost to Australia’s defence capabilities may well be timely, possibly even well overdue.
An abundance of Asian shoppers are buying baby formula in large quantities, to sell on to China for profit. Masses of Asian shoppers often go through checkouts and later return to buy more quantities of the product.
If the mountainous levels of debt accumulated by Aussie home owners is anything to go by, that Ponzi scheme may be alive and well right here in the housing market.
‘Jobs and growth’ was the slogan for the Turnbull government in the 2016 election race. And while there has been jobs growth — 400,000 new jobs in fact — wages remain stagnant.
The pursuit of justice, however well intended, can easily get carried away. Especially when it involves big, powerful investigations. These are infamous for heading off in directions you aren’t expecting.
After a decade of central bank driven ‘cheap money’, the world is awash in debt. And the debt problem goes way beyond Australia and the US.
If the government is to follow the international trend of regulating opioids, it should also embrace medicinal cannabis.
Did you feel let down by Donald Trump’s presentation at the World Economic Forum in Davos? Here, after all, is a president who shoots from the hip. Often poorly. It’s what makes him so darned entertaining.
Australia appears ready to sign on to the Trans-Pacific Partnership (TPP), along with 10 other countries. But currently the US isn’t one of them. Trump may have isolated himself from other economies willing to buy American products.
By clicking a single button, your privacy could already be breached. Thousands of people across 21 countries including the US, Canada, France, and Germany, have already been targeted.
Despite having constructed some of the biggest, widest and longest freeways in the world, congestion on Australian roads continues to cost us billions.
Climate change is one of the most talked about issues the world is apparently facing today. Big cities have started to take notice. And they’re taking action.
Jobs and businesses that were once Aussie owned are slowly but surely slipping out of our hands and into the pockets of international giants.