South Korea and Australia agree to cooperate on energy and critical minerals supply chain stability amid global economic uncertainties, emphasizing free and fair trade through multilateral forums.
#YonhapInfomax #ChoiSangMok #JimChalmers #EconomicCooperation #SupplyChainStability #G20 #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=58463
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#JimChalmers
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Treasurer #JimChalmers has been calling #Dutton “Doge-y”, making a comparison between Spud & Trump & Musk’s efforts to gut the US public sector.
#Albo won’t say the same names Chalmers has, but says voters can “make their own decisions” based on what Dutton has said:
Dutton has said on education, ‘I don’t know why we have so many people in education if we don’t run schools’. He said the same about health & hospitals. #auspol #DOGE
the Guardian · Australia election 2025 live: Albanese says he will not ‘dial it up to 11’ in negotiations with Trump as government presses for return to zero tariffsFollow live
Australia is realistic about challenges with Beijing, according to Treasurer Jim Chalmers, as the country readies for its first Chinese premier visit in over seven years. https://www.japantimes.co.jp/news/2024/06/12/asia-pacific/politics/australia-china-li-visit-chalmers/ #asiapacific #politics #australia #china #jimchalmers #liqiang
The Japan Times · Australia ‘not naive’ on China as Li visit looms, Chalmers says
#JimChalmers so good to listen to #abc730
Scrap stage three tax cuts. They are regressive. Why must the poorest pay to fix inflation?
Here’s #AlanKohler. I like the cut of his jib.
“…it is perfectly clear that there is no obvious economic benefit from lower taxation, and if anything, the reverse applies.
“Why is that? Well, that seems pretty obvious to me: Education and health care are far more important to economic growth than how much money the professional and business classes get to keep of what they make.
“I doubt this information will ignite a light bulb above any political head, followed by the return of a 67 per cent top marginal income tax rate.
“In fact, the Labor government has even promised to keep the Coalition’s Stage 3 tax cuts, which make the tax system less progressive, not more, so even Labor is on board with the myth that lower taxes promote growth.
“But Philip Lowe has raised the concept of inequality, and he should keep at it.”
https://thenewdaily.com.au/finance/2023/02/20/rba-interest-rates-kohler/
The New DailyRBA defence of interest-rates highlights the truth about inequalityThe first thing is that inequality is worsened by the responses to both low inflation and high inflation; it’s a lose/lose.