Thursday 2nd of July 2020

a surplus so near, yet so far...

cormann

Finance Minister Mathias Cormann told 7:30 the Treasurer sounded "perfectly fine" when he spoke to him on Tuesday evening and that he had not been in contact with him.

"We have been meeting by tele-presence and meeting from different rooms electronically so he certainly hasn't been in close proximity to me," he said.

...

Mr Frydenberg said he believed it was just a dry cough but was getting tested out of caution.

"After Question Time I sought the advice of the Deputy Chief Medical officer [who] advised me that … it was prudent I get tested for COVID-19," he said.

"Following the receipt of his advice I immediately left Parliament House to be tested and will await the result in isolation."

Mr Frydenberg said he expected the result of the test tomorrow.

 

Read more:

https://www.abc.net.au/news/2020-05-12/treasurer-josh-frydenberg-tested-for-coronavirus-after-coughing/12239704

going tits up...

sadness


relaunching the "economy" with a recessional whip...

The Government's $130-billion JobKeeper scheme is helping to keep more than 835,000 businesses afloat and around 5.5 million workers in a job.

Key points:

  • The Government says more than 1.4m people are receiving JobSeeker, while JobKeeper covers businesses employing 5.5m workers
  • The Grattan Institute estimates the Government will be injecting $120b into the economy between July and September, or 25 per cent of GDP
  • Former OECD director Adrian Blundell-Wignall says Australia's total public debt is relatively small at 47 per cent of GDP

The lucky 13 remaining staff at Sydney eatery The General are amongst those benefitting. Co-owner Dave Moran says there's no way his businesses would still be running without the Government assistance.

"It's vital, without it we wouldn't be able to survive, that's for sure."

Through its increased JobSeeker unemployment benefits, the Government is also bankrolling 14 former casuals from The General who hadn't worked there long enough to qualify for JobKeeper.

Despite being able to ramp up takeaway food and coffee sales, Dave Moran says turnover is down about 35 per cent from losing the lucrative dine-in trade, especially on busy weekends when his wait staff used to serve more than 200 meals a day.

 

Read more:

https://www.abc.net.au/news/2020-05-13/coronavirus-jobkeeper-jobseeker-hard-end-could-sink-economy/12239114

factoring the damage...

damage

 


frydenberg betrays the CONservative ideals...

fryed

 

What a cartoon! Thank You Alan...