ECONOMY

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Why Negative Gearing Must Go

The OECD (Organisation for Economic Development and Cooperation) is out with its latest global outlook, warning Australia about the blindingly obvious. That is, labour costs and house prices are too high, which threatens our competitiveness on the global stage.
Jamelle Agbuis Nov 21, 2013

Indonesia Hit by 6.3 Magnitude Earthquake, No Tsunami Warning Issued

Indonesia has been hit by a powerful 6.3-magnitude earthquake on Tuesday, according to the U.S. Geological Survey. No immediate reports of fatalities and damages have so far been reported on the temblor that struck off eastern Indonesia. The Indonesian Meteorology and Geophysics Agency ruled out any potential tsunami occurrence.
Esther Tanquintic-Misa Nov 20, 2013

A Flood of Rising Prices

Williams reckons there is only one outcome possible: hyperinflation. A year ago, he expected it in 2019. Now, he's moved up the schedule. He now expects hyperinflation to begin in 2014.
Jamelle Agbuis Nov 20, 2013

Should Australia Join the Currency War?

As the melt-up in global asset markets continues, today we ask the question: Are central bankers' egotistic hooligans blinded by their own intellectual arrogance? You can probably guess the answer to that one.
Jamelle Agbuis Nov 20, 2013

What is Holding Up The US Dollar?

The relative strength of the US dollar is one of the great mysteries of the financial world. It has defied predictions of collapse for years, despite copping severe abuse from its managers, the US Treasury and their henchman at the Federal Reserve.
Jamelle Agbuis Nov 20, 2013

A Global War on Savers

So Janet Yellen's first hearing took place overnight. It was fairly boring. She's expected to sail through and become the next Chairperson of theUS Federal Reserve. Given that the last few years of extraordinary monetary policy have achieved a miserable recovery, what's she going to do differently?
Jamelle Agbuis Nov 19, 2013

Typhoon Haiyan (Yolanda) Update: Residents Are Now Looting Beer from Tacloban Warehouses; Bloomberg Estimates Economic Impact of Megatyphoon at $14B (VIDEOS)

The behaviour of some Tacloban residents continue to puzzle observers after reports surfaced of rampant looting in the city ravaged by Super Typhoon Haiyan (Yolanda). First, the emptied the Gaisano Mall, taking even appliances, electronic goods and branded clothes, putting in question their motives - is it for survival or simply for personal gain. Then they also looted gasoline. On Tuesday, GMA News reported that warehouses in the city were also being robbed of cases of beer!
Vittorio Hernandez Nov 12, 2013

Google Helpouts Officially Launched: Live Chat via Video with Experts Feat. Sephora Makeup Tricks [VIDEO]

Google has officially launched Helpouts on Nov. 5, 2013. It offers netizens help from experts via live chat over video. It includes tips in Art and Music, Computers and Electronics, Home and Garden, Education and Careers, Fashion and Beauty, Fitness and Nutrition, Health and Cooking. One of the first live video chats to be launched was Helpouts by Sephora featuring several makeup tips and tricks from the French brand and chain of cosmetics stores that can be found all over the world and on the I...
Janice Somosot Nov 12, 2013

The ‘Financial Economy’ as a Growing Cancer

I would like readers to consider carefully the fundamental difference between a 'real economy' and a 'financial economy'. In a real economy, the debt and equity markets as a percentage of GDP are small and are principally designed to channel savings intoinvestments.
Jamelle Agbuis Nov 11, 2013

Why Central Banks Are Not Printing Money

It really pays to set up shop in close proximity to a central bank. Australian banks, who have surrounded the Reserve Bank of Australia (the bank in the centre), are raking it in. Yesterday the Commonwealth Bank announced a first quarter profit of $2.1 billion, up 14% on the same quarter last year.
Jamelle Agbuis Nov 08, 2013

2013 World’s Most Polluted Places Put 200M Lives At Risk - Survey

Based on a new survey citing the world's most polluted places, the lives of at least 200 million people are at risk. These areas are believed severely hazardous to man's health spanning Africa, Asia, Eastern Europe and Latin America.
Esther Tanquintic-Misa Nov 07, 2013

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