After all, everyone else has got one mummy. The media is at its rancid worst this morning bemoaning the technical absence of a recession when everyone reeaalllly knows the whole place is f#cked. Ross Gittins defends his right to call it a recession no matter what the data say. Interestingly, a week ago he was [...]
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RECESSION
A triumph for Australian economic policy makers
Today’s news that the Australian economy actually grew during the March quarter is remarkable. Sure we’re not out of the woods yet but the contrast between Australia’s performance and that of much of the rest of the world is notable. It appears that exports and consumer spending have been the main factors in the favourable [...]
READ MOREGive me your frugal, your thrifty, your wealthy multitudes yearning to save pennies
As we all know, the media are herd animals and as befits these ‘hard’ times the Columbia Journalism Review has been tracking what it calls the ‘frugality beat’. We’ve seen a bit of this stuff locally too. For instance, the Gladstone Observer has a useful piece, “Tackle recession blues with books“, the fairfax media recently [...]
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PR consultants to feel recession pain: US study
According to an USC Annenberg School of Communication study released today Of the 58% of responding organizations who reported working with one or more outside agencies, 69% indicated that they have already reduced, or plan to reduce, the fees paid to those agencies. Those that have already reduced agency compensation have done so by an [...]
READ MORENathan Rees contra mundum
A friend of mine has this letter in the SMH: The biggest issues facing Australia are the global economic crisis and climate change. The Federal Government is spending to stimulate the economy and taking steps to reduce emissions. The Reserve is reducing interest rates to spark consumer spending. Meanwhile, Nathan Rees is working hard in [...]
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