Canberra

The plan to rebuild Australia’s shattered economy

The plan to rebuild Australia’s shattered economy

AnalysisThe lifting of restrictions alone won’t bring the economy back. It’s a confidence game.May 23, 2020 – 12.00amWeaning the economy off the extraordinary taxpayer support deployed in response to the coronavirus-induced economic crisis will be a monumental test for the Morrison government in the months and years ahead.The government’s top economic adviser, Treasury Secretary Steven…



US aviation legend pitching for Virgin says low-cost to recover first

US aviation legend pitching for Virgin says low-cost to recover first

May 20, 2020 – 7.42amWashington | Budget aviation pioneer Bill Franke, whose Phoenix-based aviation firm Indigo Partners is one of four groups bidding for Virgin Australia, said low-cost airlines will probably rebound from the coronavirus crisis sooner than full-service legacy carriers and that he was keen to find an Australian partner.Because leisure consumers will return…




No Image

America to borrow $US3 trillion as virus explodes Trump’s budget

May 5, 2020 – 5.57amWashington | Here comes Washington’s debt tsunami.US government says it plans to borrow a record $US2.999 trillion ($4.66 trillion) in the three months through June, topping that off with an additional $US677 billion in the subsequent quarter.Treasury Secretary Steven Mnuchin is tapping US and global debt markets like never before.The June…


No Image

Morrison’s $1.1b boost to Medicare, charities

Mar 28, 2020 – 10.30pmThe Morrison government has announced another $1.1 billion in health and social support amid disturbing signs domestic violence is already on the rise as the coronavirus wreaks economic havoc.Prime Minister Scott Morrison and Health Minister Greg Hunt will unveil on Sunday a series of initiatives including an initial $150 million help victims…


No Image

PM unleashes another $66b, more to come

Mar 22, 2020 – 12.01amKey Statistics$31.9bCash flow boost for employers and charities of up to $100,000, up from $25,000.$20bAugmented Newstart payments for workers who lose their jobs$40b facilityGovernment-guaranteed loans of up to $250,000 for 3 years for small businesses.Cash payments for small and medium business have been boosted to $100,000 each, and they will also…


Trump orders tough new rules, stops short of full shut down

Trump orders tough new rules, stops short of full shut down

Mar 17, 2020 – 7.43amWashington | Warning the coronavirus disruption could last until August and acknowledging the growing recession risk, President Donald Trump issued a series of hard-line recommendations that Americans severely curb their movement for the next 15 days.While he stopped short of a complete France- or Italy-style shutdown, Mr Trump signalled that the…


Trump’s fiscal plan delayed, CDC says containment ‘window’ shut

Trump’s fiscal plan delayed, CDC says containment ‘window’ shut

Mar 11, 2020 — 5.27amWashington | Donald Trump’s promise to announce “major” economic relief on Tuesday (Wednesday AEDT) was delayed as he visited Capitol Hill to press reluctant Senate Republicans on a plan to support the economy.“It was a great meeting,” he said, without providing any details. The President also urged Americans to stay calm,…