Mr Ryan told Sky News “the domestic issues clearly far outweigh the global issues” and the nation’s “net exports contribute about five per cent towards GDP growth”.
“There is an absolute interplay between what is happening globally and how that will filter through to our economic prosperity at the moment,” he said. The economist said governments are now using economic domestic policy as part of their foreign policy, and that “our relationship with the rest of the world through our exports is keeping up growth in Australia”. Image: Getty
When you chase the foreign money, you get the pressure
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Number of skilled migrants settling in Australian regions doubles | Sky News AustraliaThe number of skilled migrants settling in regional areas has more than doubled after a federal government push to encourage newcomers to live outside major cities.\n\nThere were 6,300 regional visas granted in the first three months of the program from July to September, up from close to 3,000 for the same period last year.\n\nQueensland experienced the biggest uptake in regional visas, with South Australia and Tasmania also seeing a major boost in migrant workers. \n\nImmigration Minister David Coleman said regional migration was easing pressure on the big cities, while supporting growth in the regions that needed more people.\n\nImage: Getty Yeah no. More lies. High Immigration & refugee intake puts upward pressure on our “Water“- Hospitals-Schools- Housing-Jobs & traffic congestion. I Support Pauline Hanson One Nation, Clean up our backyard before flooding our country Spreading out the population
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Australian Banking Association responds to ACCC probe | Sky News AustraliaThe head of the Australian Banking Association has welcomed a probe from the competition watchdog into the banks' refusal to pass on in full the recent spate on interest rate cuts.\n\n“I think one of the things that this ACCC inquiry may help shed more light on is a great deal more accuracy of what Australians are actually paying for their mortgages,” Anna Bligh told reporters on Monday.\n\nThe Australian Competition and Consumer Commission review was ordered by Treasurer Josh Frydenberg and will investigate the pricing of residential mortgage products and to examine obstacles that impede customer's ability to switch lenders. nothing will change, as banks continue to steal RBA rate cuts meant for the consumer and national economy. Banks learnt nothing from the royal commission and its still profit at any cost. Make it a criminal offence, jail the CEO's and suspend or cancel their banking license. smh On Monday the parliamentary sitting week began with the press gallery receiving the full set of notes from the PMO after it was sent to them by accident. We’ve fact-checked the document to see just how many untruths or misleading claims are in the brief.
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Hong Kong protests continue for 19 straight weekends | Sky News AustraliaFor 19 straight weekends, thousands of protestors have taken to the streets of Hong Kong, demanding greater independence from Beijing.\n\nAs the weeks drag on, some demonstrators resorted to more violent tactics and police have followed suit.\n\nRallies erupted in multiple locations with protestors blocking roads, spraying graffiti on pro-China businesses, smashing windows and erecting barricades.\n\nPolice fired tear gas at protestors and made multiple arrests.\n\nImage: AP 48 weeks in France? r u blind？
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Govt orders probe on big four banks | Sky News AustraliaAustralia's big four banks will be investigated after failing to pass on full interest rate cuts to consumers.\n\nTreasurer Josh Frydenberg has directed the Australian Competition and Consumer Commission to investigate the interest rate pricing of residential mortgages. \n\nThe banks will have to reveal their pricing practices after none of them passed on the most recent cut to customers in full but slashed interest rates for deposit holders. \n\nSmall banks and non-bank lenders will also be included after the sector ignored cuts made by the Reserve Bank. \n\nThe government has not ruled out policy changes or regulation, depending on the findings of the inquiry. \n\nImage: News Corp Australia You are just headlines with no substance If you binge spend as Australia has been doing since Whitlam and build up hundreds of billions of dollars in govt and private debt, reserve bank is only one source of money supply. Rest comes from overseas. Of course it’s easier to blame the banks because the public likes it.
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California bans manufacture and sale of animal fur | Sky News AustraliaCalifornia has become the first US state to ban the manufacture and sale of animal fur.\n\nResidents will no longer be able to sell or make clothing, shoes, or handbags from real fur as of 2023, however the legislation does not apply to leather, cow hides, goat and sheep skin.\n\nAnimal rights groups have welcomed the move as a stand against inhumane practices, and anyone found breaking the law could face a $1,000 fine.\n\nImage: Getty\n They cant even keep the trees from catching on fire from their electrical grid. I am sure they wont even notice a few fur jackets.
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Extinction Rebellion's Bondi Beach protest, ‘didn’t hurt anyone’ | Sky News AustraliaSky News host Chris Kenny says while he doesn’t “agree with anything' Extinction Rebellion activists have to say, he would “defend their right to protest', based on the circumstances seen at Sydney’s Bondi Beach on Sunday. \n\nExtinction Rebellion activists, on Sunday morning, formed the shape of an hourglass on the sand at Bondi Beach. \n\n“I defend their right to protest, like this, attracting attention, making some kind of point without hurting anyone else”, he said. \n\nThe protest group have been engaging in a week-long uprising in Australia’s capital cities with the aim of calling on the government to take greater action on climate change.\n\nMr Kenny said the protestors, “didn’t glue themselves to a road, or stop people driving to work or visit a loved one.” \n\n“I don’t agree with anything they’ve got to say… [but] in short, they didn't force their political protest to trample all over the rights of other citizens,” he said. \n\nImage: Getty Failing fake news
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