The BISONs are still roaring and running free by The Finnigans. Latest Updates – 03/03/2012. New BISONs:
1. Julia Gillard elected & confirmed as PM with the greatest thumping winning margin in history 71-31 with one supporter away on leave, otherwise it will be 72-31
2. The power of 1.It was a brilliant & stunning move by PM Gillard to bring Bob Carr into the Senate. It is a game changer in so many ways:
* PM Gillard stamped her authority
* Australia gets a top notch FM with deep knowledge, a sense of history & intellect.
* Carr will be formidable in the Senate and wipe the smile off Brandis & Erica
* Carr will be a good advocate of the Gillard Govt’s policie and provide sound political & tactical advice to PM
* A firewall to #Ruddstoration, Bruce Hawker’s whiteanting and no more 3rd Candidate
3. Retail turnover up 0.3% in January. (0.1% fall in December.) from ABS
4. Reserve Bank of Australia deputy governor Philip Lowe: business investment had jumped about 20 per cent in 2011, and the Reserve Bank expected “double-digit increases in business investment in each of the next couple of years,” he said.
5. Official figures yesterday suggested the gap between the bonanza in mining and poor conditions in other industries would widen further over the next 18 months.In its first estimates for 2012-13, the Bureau of Statistics said miners planned to invest $120 billion in the next financial year, taking total capital expenditure to a new high of $173 billion. Read more
6. More BISONs from Mega: Costs of the Paretal Leave Scheme: The total cost of the government scheme is $1.4 billion in 2012-13, covering 126,000 families. The Coalition’s 2010 election policy document put the cost of the Abbott scheme at $4.3bn in 2012-13. A professional woman on more than $150,000 a year would receive $75,000 from Abbott and nothing from Labor. Read More
101 Economic Fundamental:
1. Unemployment 5.1% (Canada 7.5, EUROZONE Avg 9.3, UK 8.7, USA 8.3, Japan 4.1, NZ 6.6, China 4.1, India 9.4, Brazil 4.7. South Africa 25%, Singapore 1.9, South Korea 3.7)
2. Inflation 3.1%
3. GDP Growth 3.5% – The Australian economy is now around 7 per cent larger than it was prior to GFC Mark 1. By way of comparison, most developed countries have gone backward.
4. RBA Interest Rate – 4.25% – RBA Interest rate 4.25%, compared to 6.75% when Howard was voted out.
5. Current Govt Net Debt – 6% GDP – Vs EURO 70%, Japan 130% USA 70% UK 75%
6. Total Public Debt – 27% GDP (Canada 81%, EURO 97%, France 99%, Germany 84%, Japan 205%, UK 91%, USA 95%)
7. Trade Surplus $22.4 billion last financial year – easily the biggest surplus in raw terms for the past 40 years of records compiled by the ABS
8. Sovereign Rating – Australia one of just 15 countries to hold the top AAA Rating from all Agencies
9. Currency – AUD/USD 1.07, AUD/UK 0.68 AUD/Euro 0.82 – The floating of AUD is the single most important economic reform introduced by Labor. It acts as a shock absorber to external economic conditions
10. Australia is in Asia, the growth engine averaging 6% and part of the Asian Century. It’s middle and aspiration class is expected to hit 800 millions by 2020. Double of USA+Europe.
11. NBN – One of the most advanced high speed Internet enabled network in the world. Australia’s first national wide, open access FTTP broadband network with minimum 93% coverage, capable of achieving 1 gigabit per second broadband speeds.
12. Australia is the richest country in the world according to Credit Suisse Research Institute’s most recent Global Wealth Report, the median wealth of Australians now is well over $200,000, ahead of Switzerland, 4 times USA.
13. Under Coalition spending grew by average of 3.7% per annum, under the current Labor spending growth is averaging 1.5%
14. More people at work today than any time in our Nation’s history.In Jan 2012, 46,300 new jobs created for the month of which 12,300 full-time jobs and the Unemployment rate is now 5.1% from previous 5.2%
15. Australia net debt is expected to peak only at 8.9% in 2016 (MYEFO) – READ MORE
16. THE Gillard government’s reforms to financial advice will boost the retirement savings of Australian workers by $130 billion over 15 years
102. Political Fundamental
1. “ALP best manager of money, history shows” – George Megalogenis READ MORE
2. No interest rise for the 14th consecutive month (last rise was Nov 2010) Vs 10 consecutive rises under
Howard/Costello. The lowest rate, since 1960, of 3% was in April 2009 under Labor. Lowest under Howard 4.25%, Fraser 7.65%, Gorton 5.7%, McMahon 4.3%). Interest rates will always be lower under Labor.
3. “The Atlantic magazine named Gillard as one of its “2011 brave thinkers” for her resolute strength in pushing through a carbon tax. “Whether you see the move as politically expedient or as a principled course correction, there’s no denying the risk that it entails in a country where climate change is a wildly contentious issue,” writes Geoffrey Gagnon”
4. Labor’s Tax take 21.75% of GDP Vs 25% under Liberals
5. NEW Treasury analysis finds Mining played minor role during GFC, it says service industries such as retail – which received a hefty boost from Kevin Rudd’s stimulus package – were crucial in sustaining the economy during its darkest days.
6. Wayne Swan – Treasurer of the Year 2011
7. PM Gillard solved #QANTAS dispute in 36 hrs, Hawke solved the Pilot Dispute in 1 month and Howard solved the Waterfront Dispute in 6 months.
8. How good are nations at keeping the promises made at G20 summits? – Australia NO: 1 – READ MORE
9. MP Rob Oakeshott says “this parliament is working and I’m proud of it”.” – 282 bills passed
103. Social Fundamental
1. Australian families depending on one breadwinner pay among the lowest amounts of tax in the world and have become better off under the Gillard Government – Natsem
2. The Herald/Lateral Economics Index of Australia’s Wellbeing rose 2.2 per cent in the quarter, outstripping GDP growth of 1 per cent. READ MORE
3. The number of people filling for bankruptcy in Australia has fallen by 16%.
4. Recently released IMF estimates show that Australians are the fifth richest people in the world, behind only those living in Luxembourg, Qatar, Norway and Switzerland READ MORE
5. AUSTRALIA is second best – almost but not quite the greatest place in which to live, according to the latest United Nations human development index. Norway pips us by a flared nostril. Australia scores 0.93 on a scale of 0 to 1, where 1 is the highest score possible. At 0.94, Norway’s margin over Australia is close to invisible
6. Ave weekly earning +4.7% in yr to Aug. 10 years of real wage gains.
7. Aust & Holland have the best pension systems in the world followed by Sweden, Swiss, Canada, UK READ MORE
8. Australia top destination for expats globally: HSBC – AUSTRALIA’S image of healthy outdoor living and reputation for a work-life balance has elevated it to the top destination for expatriates globally, according to a worldwide survey by HSBC.
9. THE Gillard government’s reforms to financial advice will boost the retirement savings of Australian workers by $130 billion over 15 years
104. The Future
1. Business investment spending is expected to grow by 15 per cent this year and another 15 per cent next year. – Ross Gittin
2. Australia in good shape if another crisis hits, says IMF – 8/8/11
3. BHP Billiton $80B Olympic Dam copper/uranium/gold mine in South Australia creating 6000 jobs during a decade-long construction phase, 4000 ongoing jobs at the mine and 15,000 indirect jobs.This is despite the Resource Tax
4. The strength of the nation’s markets during the Global Financial Crisis was highlighted by the World Economic Forum, which in 2009 ranked Australia as the world’s second-best financial centre after the UK. Australia was the only country in the top 20 to improve its ranking.With around A$1.7 trillion in assets under management, Australia is the largest funds management market in Asia, and the fourth-largest in the world. Australia has one of the highest levels of managed funds per capita in the world, with total investment fund assets in Australia projected to reach A$7 trillion by 2028.
5. For dealmakers Down Under, 2011 will go down as a vintage year for inbound M&A activity, according to the latest data from Dealogic.So far this year, Australia has attracted a record US$59.9 billion of total inbound deals, already surpassing US$55 billion achieved in the whole of 2010, according to the data provider. READ MORE
6. The figures show September quarter spending on exploration for coal up 12 per cent to a new record high of $227 million, spending on iron ore exploration up 9 per cent to a new record high of $235 million, and spending on onshore petroleum exploration up 33 per cent to a new record high of $249 million.
7. The ABS figures follow Tuesday’s Bureau of Resources and Energy Economics forecast of record energy and minerals export earnings of $206 billion in 2012. If realised, they will boost government revenue, making its forecast surplus easier to attain. The bureau says capital expenditure by resource companies stands at a record high of $232 billion.
8. Bloomberg has done a survey and found that Australia is the 5th best and easiest place in the world to do business after HK, Netherlands, USA and UK. READ MORE
9. The International Monetary Fund (IMF) said Australia is probably the best positioned of the developed countries to handle a further deterioration in the global economy. IMF Asia and Pacific region director Anoop Singh told a media briefing in Washington that the institution supports the Australian government’s plan to return the federal budget to surplus in 2012/13.
10. Manufacturing activity remained in positive territory in January 2012, according to the latest Australian Industry Group. Australian Performance of Manufacturing Index (PMI) is 51.6, readings above 50 indicate an expansion in activity
11. Trade surplus up $366m in Dec to $1.7b. Total exports second highest monthly level on record at $27.7billion.
12. A SURGE of global demand for Australian government bonds has saved the federal government from issuing at least $10 billion in debt, cutting more than $500 million a year from its future interest bills.
13. The rate for Australian Government 10 year bonds (the “yield”) is at record low 3.75%
14. Amid the global economic turmoil and credit squeeze, Australia remains a gold standard country to invest in, says BHP Billiton boss Marius Kloppers, as BHP Billiton delivered a $US9.941 billion ($A9.23 billion) first-half profit.