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Getting a handle on the Chinese economy

Monday, August 31, 2015

The stock market gyrations of the last week-or-so were somewhat crazy. From a panic crash to creeping back to ‘normal’? It all seemed to relate to speculation about China.

The follow-up analysis is as up-and-down as was the stock market. The blog ‘Peak Prosperity’ is VERY pessimistic about China, saying China’s debt is now 300 per cent of GDP and in Spanish/Greek territory. And there’s an even more pessimistic assessment saying that China’s economic data is unreliable.  More...


Hard to believe: ICA is opposing the Unfair Contracts Bill

Wednesday, August 26, 2015

Since 2010 ICA has campaigned hard for the unfair contract protections available to consumers to be extended to small business people. The Abbott Coalition promised to do this when in opposition and again repeated the promise on winning government.

The Bill is now in Parliament. Yet we’re opposing it! It’s been sent to a Senate Committee for review. Here’s our detailed submission to the Committee.  More...


ACCC to look more closely at union-bosses collusion

Monday, August 17, 2015

The dirty ‘weird silence’ of Australian industrial relations laws is that select big businesses collude with some unions to manipulate competition and fix prices. They do this to achieve market advantage. They pay unions for this.

Australia’s competition regulator, the ACCC, has been doing nothing to stop this. But no longer! Last Friday evening, the head of the ACCC, Rod Sims, delivered a speech saying that they have woken up.  More...


So big businesses don’t like having their powers cut back. How surprising!

Monday, August 10, 2015

Big business is angry that the Abbott government is proposing to make anti-competitive behaviour by them more difficult. New laws would restrict big businesses from abusing their market power. Small Business Minister Bruce Billson has hit back saying big business is talking “utter nonsense”. We agree.

Just recently, Coles had to refund $12m to 200 suppliers due to unconscionable conduct by Coles. And the competition regulator (ACCC) is finally responding to evidence of big business cartels in the construction industry. What’s odd is that unions and Labor seem be lining up with big business on this. More...



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