Over a quarter million retirees that are self funded will not be entitled to receive compensation that will be generated by the carbon tax according to National Seniors Australia.
Michael O’Neill who runs the organisation says that whilst the government has been very generous compensating holders of the Commonwealth Seniors Health Card, and pensioners, it has been less than stellar in sorting out those who have provided for their own future.
“The very people who have had the good fortune to provide for their own future again fall through the cracks,” Mr O’Neill told AAP.
According to Mr. O’Neill
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Carbon Tax, Self Funded, Tax
You guys might also have this question so I’m posting it here with a good answer too. It comes from ‘Almighty Crapital’ who asks:
Why haven’t McDonald’s or Chrissie’s economic plan worked in those states?I will tell you why: Because watching the rich stuff their stolen/exploited/blood money into their mansion walls for insulation doesn’t do shiot for the economy.Economics for dummies (cons).Jo, great idea – fits my description as an R-Retard Coburn from OK dudn it?how did I know you would all whine about their predecessors? It is their economies now. Time to move on.
Answer: Where are all of those shovel ready jobs?And is the Obama admin. still claiming
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Continue Soar, Why
Foreclosure activity picked up in June as lenders continue to work through a backlog of distressed properties, but remains well below the pace of last year.
Foreclosure actions were up nearly 4 percent compared to May, with filings reported on nearly 223,000 residential properties in June, according to the foreclosure data firm RealtyTrac. Filings were up across the board for all three stages of the foreclosure process, with higher levels of activity in default notices, scheduled foreclosure auctions and foreclosure sales. “It would be nice to report that foreclosure activity is dropping as a result of improvements in the economy or the housing market,” said James Saccacio, RealtyTrac CEO. “Unfor Read the full post
Foreclosure Activity, June
Fortescue Metals Group, the third largest miner of iron ore in Australia is mulling a listing in Asia, and is trying to decide between Hong Kong or Shanghai as it seeks to widen its investor base in its key market China, and entrench its relationship with steel mills in that country according to Andrew Forrest the company chief executive.
Mr. Forrest made his comments in an interview with the Wall Street Journal.
“We study the Shanghai market and Hong Kong market all the time. We’re keeping our iron in the fire there. We
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Fortescue Metals Group, Hong Kong, Listing, Metals Group
According to the closely watched NAB Monthly Business Survey, in the month of June, business confidence continues to slide as the gap between the strongest and weakest industries widened to near record levels.
The NAB survey suggests that business confidence declined by 6 points, and is not at the same level as it was when the survey was conducted immediately following the aftermath of flooding last summer.
The mining industry displayed the highest confidence levels, whilst the weakest confidence levels were displayed in the construction sector.
NAB says that the sovereign debt crisis in Europe, as well as indications that the US economy could be headed for yet another slowdown is weighing on confidence of Australian companies, which is a little silly really given that the country is now firmly hitched to the Asian bandwagon.
Economy wide business conditions improved marginally in June, rising from 0 to 2.
There are however divergent conditions in different industries, with finance and property both displaying strong signs, as is recreation and personal services, unsurprisingly retail is not feeling very good about itself after being hammered by the internet over the last year.
Alan Oster, chief economist for NAB says weakness in business confidence and conditions as well as subdued demand from households implies that the central bank is likely to pause raising interest rates over the course of the next few months.
Mr.
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Business Confidence, Business Survey, Confidence
U.S. home prices edged up slightly in the second quarter of the year, but are expected to resume a downward trend through the second half of 2011, according to an analysis released today by Clear Capital.
Home prices rose 0.9 percent in the second quarter of the year, according to Clear Capital’s monthly Home Data Index, which wasn’t enough to offset a 4.1 percent decline reported for the first quarter of the year. Looking ahead, the company is predicting that home prices will resume their slide, falling another 2.4 percent over the remaining six months of the year. D Read the full post
Home Price, Price