The Shortest History of Economics
Big companies are pulling the rip-off of the century. Coles and Woollies, Qantas and Virgin, AGL and Origin Energy, and the Big Four banks are passing on inflated prices and interest rates to consumers, cutting workers’ real purchasing power and boosting company profits to record highs.
What would you do with $1.5 million? You could put down deposits on ten median-priced Sydney houses, or you could buy one outright and spare yourself the crushing mortgage repayments.
Davos, a small skiing town in Switzerland, once a year becomes the world’s most consequential insane asylum. On Europe’s highest populated mountaintop, 3,000 of the global elite meet to ponder why the climate they pollute is so polluted, why the people they impoverish are so poor and why the world they fight over is at war.
How is the world economy doing as 2023 comes to an end? To answer that, we must remember that the “world” is made up of many parts, and not every major economy is doing as well as others.
More than one-third of Australians experienced “moderate” to “severe” food insecurity in the last twelve months, according to a new study.