Heise Says
#Retail #ColdRock #Recession Cold Rock Ice Creamery stores are closing abruptly. A clear example of the challenges facing small business in the retail sector. References Two Queensland Cold Rock stores close amid rising cost pressures https://www.news.com.au/finance/business/retail/two-queensland-cold-rock-stores-close-amid-rising-cost-pressures/news-story/18ac6dcc7c75efb443d63f13c70ba933
#Food #StateControl #Farming Let’s look at the recent behaviour of the State-controlled Potato Marketing Corporation of WA to learn how terrible and wasteful government intervention can be. This one turns into a slight rant.
#Oil #Trade #Recession With the recent attacks in Saudi Arabia could a spike in oil trigger a global recession? References Oil price spike piles yet another risk onto fragile global economy https://www.abc.net.au/news/2019-09-18/oil-price-spike-adds-another-risk-to-fragile-economy/11521398?section=business
#Farming #Food #Economy Australian food production hits a four year low due to the drought and international conditions. References ABARES forecasts four-year low for farm production amid drought and trade warshttps://www.abc.net.au/news/2019-09-17/value-of-australia-ag-drops-again/11518408?section=business Australian Agricultural Census 2015-16 visualisationshttp://www.agriculture.gov.au/abares/data/agricultural-census-visualisations#about–the-agricultural-census
#Banking #Money #Economy The public is beginning to learn that private Banks are “printing” money out of thin air. References https://www.theaustralian.com.au/nation/politics/big-four-banks-just-creating-piles-of-money/news-story/c87faa72a76d3bd2143fe0d6b088186f
#Uber #UberEats #GigEconomy The Transport Workers Union is comparing voluntary agreements between Uber and their contractors with slavery. This is how industries and opportunities for individuals are destroyed. References ‘It’s modern slavery’: UberEats drivers say they were paid equivalent of $5 an hour https://www.news.com.au/finance/work/at-work/its-modern-slavery-uber-eats-drivers-say-they-were-paid-equivalent-of-5-an-hour/news-story/a09d6b019e0b6e3c8e6d1d9b3bd63561?fbclid=IwAR1JYi2J4q8Y-vd4MrUFaeZx5Ua3U_rxs8vPdV-ONqM2C9o7MCKsSSWh_Kg
#Stimulus #Economy #Spending With calls for a return to Rudd era direct government stimulus, it is worth looking at the broken window fallacy and asking whether our current housing affordability crisis may be in part to blame on Rudd? Reference Australia’s Uncreative Destruction https://mises.org/library/australias-uncreative-destruction
#China #Economy #Espionage Claims have been made that China was responsible for a recent cyber attack on the Australian Parliament and major political parties. Naturally, because our economy is so dependant on China our leaders were apparently instructed to not raise this issue in public. References Exclusive: Australia concluded China was behind hack on parliament, […]
#Oil #Economy #Conflict Oil prices spike amid threat of war because of a recent drone attack on a Suadi Arabian refinery and oil field. References Oil prices expected to jump more than 10pc following Saudi Arabia attackhttps://www.abc.net.au/news/2019-09-16/oil-prices-expected-to-jump-more-than-10pc-on-saudi-attack/11515350?section=business Iran warns US it’s ‘ready for fully-fledged war’ after drone attack on oil righttps://www.news.com.au/world/middle-east/iran-warns-us-its-ready-for-fullyfledged-war-after-drone-attack-on-oil-rig/news-story/694f6273aa01140c66cb715516475c3b
#Construction #Employment #Economy Jobs in the construction section have crashed. References Construction jobs losses likely to push unemployment higher and interest rates lowerhttps://www.abc.net.au/news/2019-09-15/construction-job-losses-to-raise-unemployment-cut-interest-rates/11510298?section=business