Categories
Economy Recession

300 Jobless At Nifty Copper Mine

300 People stand to lose their jobs as the Nifty copper mine suspends operations.

Categories
Economy

Australia the Innovation Nation

Australia #Technology #HeiseSays Australia claims to be an innovative nation while having a very primitive economy. References Is Australia an innovation nation or beneficiary of dumb luck? https://mobile.abc.net.au/news/2019-11-02/australia-rich-and-dumb-or-an-innovation-nation/11657984?section=business

Categories
Economy MRA

Gender Parity Before Lives

#Employment #Economy #HeiseSays The Queensland Government is proud that they have achieved gender parity, but is this just ideology before lives? References https://www.theaustralian.com.au/nation/politics/gender-equality-push-risks-mine-safety/news-story/b98bf6267f1cb7bf4c0e6519971a150a http://statements.qld.gov.au/Statement/2019/10/23/we-said-we-can-do-it-so-we-did-queensland-reaches-gender-parity

Categories
Construction Economy

Construction Sector Decimated

#Construction #Economy #HeiseSays Australia’s construction sector is slowing down and may decimate the job sector. Once again the RBA was surprised. References ‘Jobs will be lost’: Construction slowdown to leave thousands unemployed https://www.news.com.au/finance/work/careers/jobs-will-be-lost-construction-slowdown-to-leave-thousands-unemployed/news-story/4c43923160ce3c0d5327ff0103abe1c4?fbclid=IwAR2QFIH4si-udcnd3RKZBLgqLKMUXLrTDN7od7sjCl17HCldX_4c1u2NjUQ https://s3-ap-southeast-2.amazonaws.com/sua-gateway-files/Digital-Foundations-media-release-version-1.2.pdf

Categories
Economy Recession

Consumer Sentiment Plunges

#Business #Recession #Economy #HeiseSays Consumer sentiment hits a four year low. References https://www.westpac.com.au/content/dam/public/wbc/documents/pdf/aw/economics-research/er20191009BullConsumerSentiment.pdf

Categories
Economy Recession

Business Confidence Declines

#Business #Recession #Economy #HeiseSays The latest NAB Business Confidence survey shows another decline in business confidence. References https://business.nab.com.au/nab-monthly-business-survey-september-2019-36962/

Categories
Economy Recession

Media Encouraging Quantitative Easing

#QuantitativeEasing #Recession #Economy #HeiseSays Is the media preparing people for Quantitative Easing? References https://www.abc.net.au/news/2019-10-07/rba-interest-rates-approach-zero-quantitative-easing/11574590?section=business

Categories
Economy

Empty Shelves Signal the Retail Recession

#Retail #Recession #Economy #HeiseSays Empty shelves and failed departments stores signal the growth of the retail recession. For a sector that employed nearly 10% of the Australian workforce, this is a big concern. References Empty shelves as Debenhams’ sole Australian department store prepares for the end https://www.news.com.au/finance/business/retail/empty-shelves-as-debenhams-sole-australian-department-store-prepares-for-the-end/news-story/3d09c7306e83b09b26537b516a0e53f4 Retail Trade http://lmip.gov.au/default.aspx?LMIP/GainInsights/IndustryInformation/RetailTrade

Categories
Economy Property Real Estate

Perth’s Housing Market

#Perth #Housing #HeiseSays Perth’s housing market has stagnated with significant oversupply and the government is pining hope in mining investment to stimulate migration. Worrying considering current mining investment is in automation and demand for resources is dependant on China. References Perth’s housing market is still lagging behind — and it will take more than a […]

Categories
Economy

Australia’s Export Boom

#Export #IronOre #Australia Australia’s export boom may be over and with the budget surplus. It’s concerning that our nation is so dependant on one resource. References The export boom may have peaked as key commodities roll over https://www.abc.net.au/news/2019-09-05/iron-ore-on-the-slide-as-export-boom-may-have-peaked/11481614?section=business