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The ‘Bottini Effect’

Job Seeker’s may not be disaffected, they might just not need the money

The September job figures showed a drop in the unemployment rate. This must be an unambiguously good thing right? Not necessarily… The unemployment rate is calculated as the number of people looking for a job divided by the total size of the labour force (equal to the amount of people with jobs plus those searching for employment).

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Economic Lobbying, Singaporean Style

It’s time to get productive… reproductive

Well it’s not your average public policy lobbying. In fact the breath mint manufacturer ‘Mentos’ bypassed the Singaporean Government and went direct to the people with their novel National Day (August 9) Campaign putting forth the obvious solution to the country’s appallingly low birth rate: it’s time to procreate, if not for yourselves then as a patriotic act for your country. And how better to get the message out there then through song, well rap to be exact.

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Renowned Economist Neville Norman Calls for a Fixed Cash Rate!

In my Review of the Economics Society’s Budget Night I mentioned that Professor Neville Norman controversially called for the Reserve Bank’s monetary policy role to be put on hold and the cash rate to be fixed. Such a statement cannot be left without further investigation, and therefore I have interviewed Professor Norman to find out exactly what his reasoning is.

First though, we need to look at what the RBA is trying to achieve by reviewing and adjusting the cash rate on a monthly basis. The aim is to analyse macroeconomic data and use this information to stabilise the business cycle (reduce swings in economic activity in the Australian economy).

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Review of the Economics Society of Australia’s Budget Night

Budget analyses in the media consist of a scramble to tell  readers whether or not the government has kept or broken promises and above all else,  to tell us who has won and lost out of the budget, as well as who would have won and lost had the opposition been in power.

What never fails to escape the focus of the media hurricane is the extent to which this budget addresses the deeper issues facing the country as a whole and what measures are being taken now to combat the medium to long term pressures that the country faces.

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New Greens Leader: The Christine Milne Approach

Christine Milne in action

Like him or loathe him, Bob Brown has made a remarkable achievement in leading the Greens from their origins as a protest movement to an organised and successful political party. He leaves the Greens holding 9 Senate seats and 1 House of Representatives seat federally, as well as having political representatives in State and local government levels around the country.

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The Carbon Tax: Tony Abbott’s Ticking Time Bomb

On the 9th July 2010, Prime Minister Julia Gillard announced the Government’s intention to introduce a ‘carbon tax’ in order to put a price on pollution and thereby give firms an incentive to reduce carbon emissions. The carbon tax passed the House of Representatives and the Senate on the 12th October 2011 and the 8th November 2011 respectively, and consequently on the 1st July 2012 a tax of $23 per tonne of carbon emissions will come into effect.

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Has Democracy Become an Obstacle to Economic Prosperity in the Developed World?

Democratic governments by definition must have the support of the majority of voters in to remain in power. One potentially fatal flaw in this system is that whilst the majority wield the power to hire and fire politicians, this same majority consists of voters who are often ignorant of how the economy works and are either resistant or downright hostile to any changes that threaten their own short term self-interest. Appealing to popular misconceptions and fear mongering have become commonplace tools of attracting voter support even if the long term economic prospects of the country are diminished as a result.

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