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Coles Myer are one of the giants in the retail market space so using their muscle to strong arm the government is hardly surprising but it does raise a serious question. How long before taxes become something only the poor end up paying? Let’s look at this idea. Myer says they are losing sales to online [...]  While Ian Verrender is pondering how Aussie Banks can continue to satisfy the essential capitalist prerequisite of ever increasing profits so as to keep shareholders happy he happened to lapse into disclosing a commonsense truth that is rarely uttered in the public domain. The uproar from the community and from politicians about our banks has been [...] So. Remember the Global Financial Crisis? All those get rich quick bankers whose idea of a good time was to keep bundling dubious mortgages up with other debts and selling them to each other in the hope that no one would be left holding a bag full of dog shit so that everyone could keep [...] The current profit results for the four big banks in Australia are looking very healthy thankyou so the recent announcement by lenders to increase their mortgage interest rates above the basic rate required by the Reserve Bank was bound to result in much gnashing of teeth and chest thumping. Leading the rage was the Liberal’s [...] The dominant paradigm today is that economic growth is both virtuous and necessary if we are to sustain living standards. This is taken to mean human longevity, alleviation of hard work, relative freedom from disease, more big screen TV’s and definitely more cars. Yet the systemic problems that emerge from a capitalist mode of organised activity [...] Evan Jones writes at NewMatilda The unreformed finance sector is the central vehicle for this rollercoaster. The perspicacious Lordon once more: “Save me or I’ll kill you.” Or, more accurately, “Save me and I’ll kill you.” A sector whose integral function in economic activity gives it a public purpose has been appropriated for entirely [...] Memory of the tragic Greek protests of a few weeks ago are fading fast, washed away in the never ending gush of Gulf Oil or rendered insignificant by Israeli bloody arrogance.Yet something in this report on Dublin protest organised by the Workers Solidarity Movement struck me as defining the greater problem. Maybe it’s the slogan [...] Despite the rhetoric from the Obama administration that Deepwater Horizon threatens government approval for future off-shore oil wells there can be little doubt that the US will continue the drill for oil in the area. Unfortunately for those hoping that the extent of the environmental disaster unfolding in the area will mandate against more drilling, [...] Oops just watched a trailer for Unrivalled…urgh what is going on with the world or am I just some latte drinking trendy overeducated and underpaid, indulging in some romantic sensibilities? Lordy lordy be. It seems everywhere you have to have a position on something. Where do I stand on land rights for gay whales? Do [...] |
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