By Mark Bahnisch on January 27, 2009
Anyone who’s worked in a large public sector organisation will know how “efficiency dividends” work. Or don’t work. Or work in unintended ways – by destroying the capacity to do what your actual main purpose is. There’s a bit of [...]
Posted in Consumerism, Economics, Film, TV, Video etc, Markets | Tagged ABS, ALP, consumer spending, consumption, data, deflation, economic policy, Economics, economists, fiscal spending, Gerry Harvey, growth, Harvey Norman, Kevin Rudd, Labor, Lindsay Tanner, managerialism, Peter Costello, Peter Martin, recession, Rudd govermnent, stimulus, Treasury |
By Mark Bahnisch on November 20, 2008
The stock market has lost 51% of its value since its peak, a decline we’re told now exceeds the destruction of value seen in 1987. On the ABC News tonight, Alan Kohler grimly pointed to an index (tradeable, I think, [...]
Posted in Disasters, Economics, Markets, Sociology, USA | Tagged Alan Kohler, ALP, ASX, bear market, black monday, consumers, consumption, credit card, Crikey, debt, deflation, economic policy, equities, Glenn Stevens, global financial crisis, inflation, Kevin Rudd, Keynes, recession, reserve bank, Rudd government, stock market, unemployment, wages, Wayne Swan, working hours |
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