photo credit: Torley Selling the environment in order to save it? Frank Stilwell Professor of Political Economy University of Sydney As published in our Progress Magazine The Rudd government’s review of climate change policies, chaired by Professor Ross Garnaut, has issued its interim report and will present its final report later this year. Many environmentalists welcomed the interim report because … Read More
Deriving Value
photo credit: fsgm Renegade Economists Show 81 as broadcast on www.3cr.org.au on Wed March 18th Subscribe to the podcast Our NZ colleague Bob Keall from Resource Rentals for Revenue NZ discusses our purpose, with a few strong words on negative gearing amongst others. We also focus on the derivatives market and the shadow banking system. This is a technically shortened … Read More
FHOG is Subprime-like
Commonwealth bank CEO Ralph Norris made some sensible comments about the first home owners grant, note particularly the second paragraph on the FHOG enabling the same risky lending as the sub prime lending practices in the US. “The first home buyers grant has provided a stimulus to this point, but we have to be careful that this doesn’t become a … Read More
Empty Spaces
photo credit: euzesio Mason Gaffney February 2009 “Phantom faces at the window. Phantom shadows on the floor. Empty chairs at empty tables Where my friends will meet no more” – from Alain Boublil, Les Mis Many stores have closed in the last year; they stand empty behind signs reading “Available”, “For lease”, or “First month free”. So have many industries, their gates locked, … Read More
Speed Renting Tues March 17th
Are you frustrated with the search for affordable rentals???? Speed Renting is set to save renters of all ages, international and local students from sleep crumpin! Thousands of international students have hit Oz in the last month and stories abound of dodgy real estate sharks charging double the market rate for a crumpled corner of an over crowded lounge room … Read More