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Category: Economy

Garrett’s Gorgon-Zola

Federal environment minister Peter Garrett’s latest blooper is gross. A week after Kevin Rudd proudly announced a $50 billion (tax revenue) deal to … More

Barrow Island nature reserve, carbon storage, flatback marine turtle, Gorgon project approval, Mora Main Greens Councillor, Peter Garrett, West Atlas oil rig spill, Zola's Germinal

True Confections

Earlier this year Cadbury downsized 250g chocolate blocks to 200g, but changed to cardboard packaging that looked the same size. Retail prices have not fallen accordingly. Removal of … More

Cadbury, Confectionery Manufacturers Association, downsized chocolate bars, reverse engineering, Trish Hyde

First Home Follies

Last October the first-home buyers ‘grant’ for purchase of established homes was doubled to $14,000, and tripled to $21,000 for new ones. Since then the average first home … More

First home buyers grant, Global Financial Chicken, housing prices, IMF World Economic Outlook, Steve Keen Assoc Prof UWS

Ruing Roubles: Eat Roo Too!

Russia has temporarily suspended imports of kangaroo meat from Australia, apparently following contamination concerns. Unfortunately that accounts for 70% of exports, … More

Eat Roo Too!, kangaroo meat, Russian imports, Skippy

Sydney Shaking & Sticky

Brand Sydney project, with a committee of 14 ‘stakeholders’ from government, corporations & quangos (lovely term) spent 12 months and $1 million of taxpayer funds to … More

Annabel Crabb, Brand Sydney, Geoff Parmenter, Ruddbot, vibrant magnetism

Bonsai Bluefin

Despite our China obsession, Japan remained Australia’s largest export destination last year, with foodstuffs and coal leading. A free trade agreement between the two countries … More

Bluefin tuna, Clean Seas Tuna, Hagen Stehr, ICCAT, Japanese tuna consumption, Port Lincoln

Brettless Virgin

Virgin Blue CEO Brett Godfrey announced his retirement (stepping down, calling quits) along with a forecast $165 million loss and heavily-discounted $231m capital … More

Brett Godfrey, Chairman Chatfield, Geoff Dixon, Qantas, succession planning, Virgin Blue

Coal! Coal! Coal!

Just as Federal Parliament girds its loins to thrash out legislation for a carbon pollution reduction scheme, presumably to help reduce the burning … More

BHP Billiton, Blue Mountains World Heritage Area, China Shenhua, coal exploration NSW, Liverpool Plains, longwall coal mining, Murray-Darling river system, NSW Government, NSW Mineral Resources Minister Macdonald, Pangea Resources, Peabody Resources, Planning Minister Keneally, Woronora Reservoir

Four Miles from Midnight: Blue Sky Blues

Reverse triple somersault with double pike, or volte-face as we say in diplomatic circles, was performed by so-called Environment Minister … More

Blue Sky Mine, Four Mile uranium mine, General Atomics, Heathgate Resources, Malcolm Turnbull, Midnight Oil, Peter Garrett

Storm in Exec Teacups!

Aptly named Commonwealth Bank subsidiary Storm Financial managed to sink $3 billion of investors’ money by channelling home & margin loans (to … More

Opes Prime, Storm Financial

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