Monthly Archives: November 2020

Cross River Rail scrutinised by Grattan and AiP

Posted on November 10, 2020 by Gene Tunny

Brisbane’s under-construction inner city subway system Cross River Rail has been identified as an example of a risky megaproject (a $5bn+ project) subject to cost blowouts by the highly respected Grattan Institute in its latest report The rise of megaprojects: … Continue reading →

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Minimum wages and employment podcast discussion

Posted on November 9, 2020 by Gene Tunny

Apart from Joe Biden winning the US Presidency and the Democratic Party otherwise under-performing, in my view, the major news coming out of last week’s elections in the US was Florida voting to increase its minimum wage to $15/hour by … Continue reading →

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Qld economy in big trouble if China follows through with trade threat

Posted on November 7, 2020 by Gene Tunny

Australian investors appear remarkably optimistic about the prospects for patching up our relationship with China given that, as the Financial Review reported yesterday, ASX up 4.4pc in US election, QE week. I can understand why a new round of Quantitative … Continue reading →

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RBA Governor Lowe does Treasurer Dick a favour in lead up to 1 December Qld Budget

Posted on November 4, 2020 by Gene Tunny

Queensland Treasurer Cameron Dick is facing a tough challenge developing the COVID-recession-ravaged state budget, but the Reserve Bank of Australia will make his task a little bit easier with its new round of Quantitative Easing, by which it purchases Australian … Continue reading →

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ABC PM comment on border closure cost – Qld tourism worried about loss of interstate visitors over Christmas season

Posted on November 3, 2020 by Gene Tunny

I spoke with the ABC’s Rachel Mealey yesterday afternoon about Queensland’s increasingly difficult-to-justify border restrictions, particularly about the ongoing cost to Queensland’s tourism sector, which is concerned it will miss out on interstate visitor spending it desperately needs over the … Continue reading →

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NSW border policy still lacks solid justification

Posted on November 2, 2020 by Gene Tunny

The Palaszczuk Government’s simple and appealing message of Keeping Queenslanders Safe has helped it win an increased majority, and there is no doubt Queensland has done well to control coronavirus and our state economy has coped with the COVID-shock better … Continue reading →

Posted in Macroeconomy | Tagged , , , , , , | 2 Comments