The Real Estate Bust: how to know exactly what will unfold next
photo credit: stevendamron
Thurs March 19th
2/1 Spring St, Melbourne
6.45 for 7pm
Phil Anderson delivers a hard hitting lecture on why we’re in the mess we’re in and what we can do about it. His information is unique because he is one of the few who studies the inter-relationship between commodity, stock and real estate markets.
Learn about how economic cycles revolve, the Keynes crash phase and the relevance of the 18 year land cycle.
Phil’s last talk was a sell out. At this crucial time it really is important information for all to understand before we too have $1 trillion dollar bailouts. Ever wondered what a trillion looks like?
$5 entry
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Helicopter Ben
Did he learn anything from his studies of the Depression?
Web Neutrality: Black Screens
photo credit: Nicholas Gray
Renegade Economist Show 80
as broadcast on www.3cr.org.au on Wed March 11th
Black Screens: Brenda Wallace from the Wellington activist community discusses kiwi government tactics to reduce internet freedoms. Karl is back from NZ and whips through the growing media storm we are building with co-host Alice Bleby. Dont forget Speed Renting next Tues 17th and Phil Anderson’s talk on the Secret Life of Real Estate on the 19th
Show Notes
Thomas Friedman – New York Times:
Let’s today step out of the normal boundaries of analysis of our economic crisis and ask a radical question: What if the crisis of 2008 represents something much more fundamental than a deep recession? What if it’s telling us that the whole growth model we created over the last 50 years is simply unsustainable economically and ecologically and that 2008 was when we hit the wall — when Mother Nature and the market both said: “No more.”
Glenn Prickett, senior vice president at Conservation International. But, he cautioned, as environmentalists have pointed out: “Mother Nature doesn’t do bailouts.”
Tax Miners More
The Australian Financial Review’s John Kehoe reports that:
“To create a tax on our natural resources would not only protect them but also shift the tax burden onto products with a low elasticity of demand and provide more consistent revenue streams.” said the Qantas chief financial office Colin Storrie and Virgin Blue CFO Keith Neate.
Breaking in on the Rent Seekers – Bryan Kavanagh (LVRG)
As published in the Age today (Business Opinion page)
So, Australian Bureau of Statistics Catalogue No. 5506.0 now tells us that we collected less than $40 billion from taxes on ‘property’ in 2007. Although publicly-generated land rent was $325 billion, we chose to fine labour and capital to the extent of some $285 billion for daring to work, allowing eighty-six percent of Australia’s land rent to be privately capitalised into the bubble – and thereby establishing the conditions necessary for an extraordinary financial collapse.
Aviation CFO’s say tax miners more
photo credit: Fool-On-The-Hill
The Australian Financial Review’s John Kehoe reports that:
Qantas Airways has called on the federal government’s tax review to introduce a new tax on mining companies for the extraction of natural resources to fund a reduction in other business taxes.
Due to the subscriber only nature of the website, we can’t bring you more detail.
One line worth transcribing is “To create a tax on our natural resources would not only protect them but also shift the tax burden onto products with a low elasticity of demand and provide more consistent revenue streams.” said the Qantas chief financial office Colin Storrie and Virgin Blue CFO Keith Neate.