Affordable housing can be created with a multipronged approach

By Joe Montero House prices are soaring across Australia, increasing in some places by up to 20 percent of pre-pandemic levels. Rents have risen by more than 8 percent. Rising inflation and interest rate have not worked to change the trend. The latest figures from the Australian Bureau of Statistics show the value of the country’s residential… Read More Affordable housing can be created with a multipronged approach

French National Assembly election throws the country into political turmoil

By Joe Montero Results of the second round of the French parliamentary elections this past weekend will have an enormous impact on France. Being the second most powerful economy in Europe what happens there has an impact across the continent, and this is going to be felt around the world. Although Emanuel Macron got through… Read More French National Assembly election throws the country into political turmoil

There are better ways to stop inflation than by hiking interest rates

Richard D Wolf, professor of economics emeritus at the University of Massachusetts, wrote the following. It was first published by the Pressenza International Press Agency (6 June 2022). Inflation is on the rise and hurting many. Although Wolf’s alternatives to fighting this threat are within the context of the United Sates, they have universal application,… Read More There are better ways to stop inflation than by hiking interest rates

Australia’s inflation rate is rising and why this is happening?

By Joe Montero Australia’s inflation rate is rising and set to rise further still. In the first three months of this year, it rose 5.1 percent, according to Jim Chalmers, the Treasurer of the newly elected Labor government. He has suggested that further interest rate rises are on the horizon. The Reserve Bank has not… Read More Australia’s inflation rate is rising and why this is happening?

The Russia-China strategic partnership: Exclusive interview with Russia’s Sergey Glazyev

International affairs analyst Pepe Escobar, in (The Cradle 14 April 2022), interviewed Dr Sergey Glazyev of Russia, widely regarded as one of the most influential economists in the world, and the Minister in Charge of Integration and Macroeconomics of the Eurasia Economic Union (EAEU).Glazyevsays a complete overhaul of the western-dominated global monetary and financial system is under way. And the… Read More The Russia-China strategic partnership: Exclusive interview with Russia’s Sergey Glazyev

Wages and social security justice should be at centre stage of election campaign

Contributed A few days into the election campaign and two big issues are already being ignored, the falling share of wages and the even worse opposition faced by those trying to live on social security payments. If campaigning had been about people, surely, what determines the standard of living of every adult and child in… Read More Wages and social security justice should be at centre stage of election campaign