Economic Rigor

Is it just me or are we all a little disappointed in the Coalition at the moment. Frankly, I'm shocked by the rubbish coming out of the Treasurer's office at the moment 1. The debt ceiling.Requesting a $500 million increase when $400 million would have been enough. Especially after badgering the government over their debt, to turn around and request an increase is a pretty bad look. 2. Secondly, the idea that the commonwealth should invest 10% in a losing industry like Airlines (through Qantas) is a very outdated idea that has no place in a modern government's policy. The industry is competitive enough and there are better things to spend $500 million on. 2. The rejection of the Graincorp deal. This is very much politics over the national interest. It is mentioned in Hockey's statement "A further significant consideration was that this proposal has attracted a high level of concern from stakeholders and the broader community. I therefore judged that allowi...

Was reading with interest today  regarding the Clean Energy Financial Companies claims that getting rid of it will cost the budget 200 million a year. Seriously! First of all, according to the CEFC's own 2013 annual report, they made a grand total of $147,000 out of interest income from a single loan of $50,000,000. That is a yield of 0.2%! Go you good thing. I presume they are talking about investments made after the reporting date. If you look at the annual report again, we have the following investments made after the reporting date. 87,000,000 (July) 353,000,000 (July) Takes us to a grand total of $490,000,000. There must be another $46 million flying around then to take it to the amount mentioned by Broadbent and co of $536 million. This still leaves another $400 odd million in the kitty though (as in July Treasury paid a nice withdrawal of $811 million from the special account) which i presume is just sitting in Cash account at the moment earning n...

2010 : "If you see me, or another model, in a bar wait until you are spoken too before you speak,” 2013 : "I think what you find is that for a lot of us, we've been working for 14, 15 years; what it takes to make it here comes from experience and confidence and knowing how to be confident with yourself" (when dissing Taylor Swift)