Categories
Economy Recession

Unilever closes the Weis Factory

#Employment #IceCream #HeiseSays Unilever has announced the closure of the Weis Factory, which will cost over 90 jobs. References ‘So sad’: Ninety-three jobs lost as Unilever closes Weis factory, two years after purchasing family business https://www.news.com.au/finance/business/manufacturing/so-sad-ninetythree-jobs-lost-as-unilever-closes-weis-factory-two-years-after-purchasing-family-business/news-story/f73c78c65fd87fd67419e51642adbbe9

Categories
Economy Recession

Payday Lending Desperation

#PayDayLoans #Finances #HeiseSays People are complaining about payday lending and accusing them of predatory behaviour. Do we need government intervention or better financial education? References Millions of Australians falling victim to ‘predatory’ payday lenders, report shows https://www.abc.net.au/news/2019-11-12/payday-loans-increasing-single-mums-growing-borrowing-sector/11694908?fbclid=IwAR3kwZ9iW4nxXQfXKGN-zI7uu4QC74TFFykWXtzQLHc5VTOydZyu787-PIM

Categories
Livestream Recession Retail

The Retail Recession – KP Centre

#RetailRecession #Economy #HeiseSays Let’s have a look at the KP Centre in Shailer Park south of Brisbane and see how a shopping centre can adapt to the loss of their anchor tenancy. References

Categories
Economy Real Estate

Interest Only Fire Sales

#RealEstate #Property #HeiseSays Is resetting interest-only home loans creating a risk of fire sales? 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 Recession Retail

Smart Money is Leaving Retail

#RetailRecession #Economy #HeiseSays Smart Money is leaving the retail sector in Australia. References Lowy family severs all ties with Australian retail sector https://www.smh.com.au/business/companies/lowy-family-severs-all-ties-with-australian-retail-sector-20191016-p531e3.html

Categories
Economy Recession

Retail Recession Hits Australia Fair

#RetailRecession #Economy #HeiseSays An impromptu look at Australia Fair Shopping Centre on the Gold Coast and the large number of vacant tenancies.

Categories
Environmentalism Real Estate

Queensland’s Contaminated Development Sites

#Property #RealEstate #HeiseSays 60 contaminated sites have been publically identified in Queensland, including future development sites. References Erin Brockovich sounds alarm over PFAS contamination after more Queensland sites revealed https://www.abc.net.au/news/2019-10-21/erin-brockovich-sounds-alarm-over-pfas-as-new-qld-sites-emerge/11606772

Categories
Economy Property

Will Quantitative Easing Restart the Housing Bubble?

#QuantitativeEasing #HousingBubble #HeiseSays Will Quantitative Easing restart the housing bubble? References Big change by RBA will increase house prices, says new report https://www.news.com.au/finance/economy/australian-economy/big-change-by-rba-will-increase-house-prices-says-new-report/news-story/d42c00dc0c5a7b07240a648cf227a84f

Categories
Economy

Australian Asset Recycling

Australia #AssetRecycling #Infrastructure #HeiseSays Calls for Asset Recycling are becoming louder. Will we learn from the past? References https://www.investopedia.com/terms/p/public-private-partnerships.asp Josh Frydenberg rejects state push to bring back asset recycling https://www.theaustralian.com.au/nation/josh-frydenberg-rejects-state-push-to-bring-back-asset-recycling/news-story/2147b64f5c81d6062d87450bec7acb98 Asset recycling may look new and exciting. But it’s the last gasp of a failed model https://www.theguardian.com/commentisfree/2017/jun/07/asset-recycling-may-look-new-and-exciting-but-its-the-last-gasp-of-a-failed-model

Categories
Economy

Stimulus Spending Waste

#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