Business
Economic rebound was the easy bit, but ‘recovery’ could take an eternity – Sydney Morning Herald
The economy has taken off like a stimulus-fuelled rocket, but it’s going to take a long time before all our troubles are behind us.
Knowing this would cause much loss and hardship, governments spent huge sums to help individuals and firms, including the JobKeeper wage subsidy (intended to discourage idle firms from sacking their workers), the temporary JobSeeker supplement (to help those workers who were sacked), help business cash flows and much else.
The politicians and their econocrats assured us this would be sufficient to hold most of the economy intact until theyd be able to lift the lockdown. Despite much scepticism (including…
-
Noosa News19 hours agoMeet Chad Burgess, Pauline Hanson’s One Nation Party
-
General24 hours agoNew Zealand wants more ‘automated decision-making’ in its welfare system. Could that lead to Robodebt 2.0?
-
Noosa News22 hours agoFrom Dreamy Dining Rooms to Moody Basement Bars, Nearly 200 Venues Have Been Shortlisted for the 2025 Australian Interior Design Awards
-
Noosa News19 hours agoWestern Queensland graziers begin grim stock count after catastrophic floods