Buried in a seemingly dry report on fertility rates was a confession that Josh Frydenberg’s 2019 Budget forecasts were based on spin, writes Michael Pascoe. Source: Government fesses up (very quietly) to 2019 Budget bungle
Source: Leak reveals $2tn of possibly corrupt US financial activity | US news | The Guardian
Coalition tax cuts blasted by former Reserve Bank boss in new ad campaign | Australia news | The Guardian
Source: Coalition tax cuts blasted by former Reserve Bank boss in new ad campaign | Australia news | The Guardian
Europe’s first national, government-backed basic income experiment did not do much to encourage recipients into work but did improve their mental wellbeing, confidence and life satisfaction, according to the first big study of a Finnish scheme that has attracted fresh interest in the coronavirus outbreak. Source: Finnish basic income pilot improved wellbeing, study finds | …
Bloomberg – Denmark: Companies that are registered in tax havens won’t be eligible for bailout | Brave New Europe
The Danish government has announced that companies which pay out dividends, buy back own shares or are registered in tax havens won’t be eligible for any of the state aid programmes. Read here Source: Bloomberg – Denmark: Companies that are registered in tax havens won’t be eligible for bailout | Brave New Europe
Source: Now’s the perfect time for banks to prove they’re not really a bunch of bastards Now is the time to get blood from a stone?
It has been revealed that the last time Treasury modelled the economic costs of a global warming trajectory was more than a decade ago. In 7 years of the Abbott/Turnbull/Morrison government, they have not asked Treasury to model the economic consequences of their current #climatechange trajectory (more than 3 degrees of warming). #auspol #estimates Source: …
I was lazy. I stopped counting politically rorted federal grant programs when I got to $1.1 billion. I should have kept going to reach $8.1 billion. Source: Michael Pascoe goes back over the maths on government grant rorts
More than 700,000 children among those below the poverty line, with low rate of Newstart, lack of jobs and rising housing costs the main drivers Source: One in eight people in Australia living in poverty, report finds | Australia news | The Guardian Because we have a fiscally incompetent government that shirks all responsibility.
The sports grants saga isn’t going away, and it means Scott Morrison will need to change tack – ABC News (Australian Broadcasting Corporation)
Despite the findings of brazen political interference and colour-coded spreadsheets, the Prime Minister has consistently argued all projects funded under the sports grants saga were at least eligible. But now, he’ll need to change his tune or admit he was wrong, writes David Speers. Source: The sports grants saga isn’t going away, and it means …