Australia's budget deficit 'is going to be ugly' | Sky News Australia

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The Australian's Judith Sloan says there will be some very important announcements in relation to the continuation of JobKeeper and JobSeeker at the federal government's economic update on July 23.

The Australian's Judith Sloan says there will be some very important announcements in relation to the continuation of JobKeeper and JobSeeker at the federal government's economic update on July 23. Ms Sloan told Sky news host Chris Kenny Australia's budget deficit for the financial year just ended, is looking to be "incredibly ugly".

She also said the unemployment figure "is really badly measured at the moment". "Partly because those on JobKeeker are not called 'unemployed'". Last week it was announced Australia's unemployment rate has risen to 7.4 per cent in June, which is the highest since November 1998. The Australian Bureau of Statistics said 992,000 Australians are now formally unemployed, with the underemployment figures expected to be much higher.

 

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My money is on $95bn for 19/20.

As much as I personally like the PM, I think his handling of the virus and his destruction of the economy has been an abomination. Australians suffer the consequences for generations. The problem is there a few who understand economics to grasp it. We did not need the lockdowns.

Normally we would get this info from our Parliament sources. Now we are all informed by in the know Murdoch's. When are our politicians going to stop their strike action and return to work?

Passengers disembarked the Ruby Princess six hours before their virus test results came back. Sean Tobin, NSW Chief Biosec Officer, let 2700 passengengers disembark and carry the deadly disease around the country. RubyPrincess LNPCrimeFamily ScottMorrisonMP

Moar stimulus....bigger deficits....zero consequences.

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Australia should 'limit its reliance on China' | Sky News AustraliaAustralia should look to diversify its trade relationship with like-minded countries like India and support major investments like the Adani coal mine in order to limit our reliance on China , according to LNP senator Matt Canavan.\n\nChina is Australia's biggest two-way-trading partner, accounting for 26 per cent of exports.\n\nHowever, relations between the two nations soured after the federal government led the call for an independent, global investigation into the origins of the deadly COVID-19 pandemic.\n\nIn the aftermath of this, China slapped punitive tariffs on barley and warned its students against returning to study at Australian universities, citing 'racism and coronavirus' concerns.\n\nMr Canavan told Sky News the pandemic has given the government time to reassess its trade situation.\n\n'It is a difficult challenge, but I don't necessarily think it's a complicated one,' he said.\n\n'The simple things we have to do is to develop and diversify our relationship with other countries, reinvest back in making things in this country and therefore limit our reliance on one economy, that is China.\n\n'I'm not saying that's easy, I'm not saying it's just flick-a-switch and it'll happen, I'm just saying rather than flail about this, let's just focus on what matters...and what matters is building relationships with countries like India.\n\n'We should be supporting a homegrown domestic manufacturing industry in this country.'\n\n\n\n\n\n\n mattjcan You have had seven years to do this mattjcan and what have you done ? mattjcan What makes a country “like minded”? And how likely is it that you chose India so your brother can send his coal there? mattjcan Too late, Welcome to the new order. The Victorian Communist Party.
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Free childcare would return $60B to Australian economy: Sarah Hanson-Young | Sky News AustraliaGreens Senator Sarah Hanson-Young has told Sky News the Australian economy is missing out on $60 billion by not providing free child care access which would lift female workforce participation.\n\nIt comes as the Australian Council of Trade Unions plans to unveil five major policy shifts which it believes will assist the country in its post-COVID economic recovery.\n\nOne of the proposals is to introduce free childcare.\n\nThe Morrison government recently wound back its free childcare package, introduced at the height of the pandemic, which aimed to keep essential workers in the workforce.\n\n“A generous and effective paid parental leave scheme would give new mums the need and the ability to stay at home,” according to Senator Hanson-Young.\n\n“We’re missing out on $60 billion by not providing that free child-care access to ensure we do lift the female workforce participation in this country.\n\n“Our participation rate for the female workforce is much lower and one of the key elements to that is the access to affordable and accessible childcare.”\n sarahinthesen8 That is why you do not let greens near economics sarahinthesen8 Yeh, & like the greens actually care? Be real.. sarahinthesen8 Is this thing still stealing off the tax payer?
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America 'may not survive' the future it faces | Sky News AustraliaIf America's youth believe taking to the streets, smashing windows and stealing items from stores is okay then the nation 'is going to be in real trouble' says former Arkansas Governor Mike Huckabee.\n\n'I'm not sure this republic survives that ... if that's the mindset of the next generation ,' he told Sky News. \n\n'If they believe that free speech means you have to agree with them and if you don't you're supposed to lose your job, lose your business, be firebombed, then we're not going to make it, that's as simple as I can put it'. \n\nHowever, he said 'I think we always have the opportunity to come back as a nation'. \n\n'To realise some of the errors of our ways and to realise that the polarisation, the intense level of anxiety, is not helpful \n\n GovMikeHuckabee Sky doesn't get it. Mike Huckabee doesn't get it. GovMikeHuckabee Need to come down hard on them now to stop a civil war before it's to late GovMikeHuckabee Drain the leftist swamp that has entrenched itself in the academic, media & political circles globally, which push the youth towards aggressive utopian ideas & outrage, while (mis)using them as foot-soldiers to promote cancel-culture & identity politics! Anarchy is not a system!
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Teen magazine argues there is 'systemic racism' in sleep | Sky News AustraliaIn another example of extreme wokeness, Teen Vogue is now trying to push the bizarre idea there is “systemic racism in sleep,” according to Sky News host James Morrow. pwafork Sky News is so offended by wokeness. woke pwafork Mischievous BS from Morrow, or he didn't actually read it. It's an artistic installation acknowledging that racism over the centuries has caused a significant amount of sleep loss and anxiety for its targets. Not that sleep is systematically racist. FFS. pwafork Literally not what was actually claimed in the mag, but never let fact get in the way of a good rant:
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