Academics reveal how Public Universities have been Ransacked under Covid

SOME OF THE MANY KEY POINTS!!

Scomo Govt denied Public Universities the JobKeeper subsidy; a key role in undermining them

-by February 2021 more than 17,000 university staff lost their employment

-Scomo Govt passed the JOB-READY BILL to CUT FUNDING FOR DEGREES; and increased fees for Humanities and The Arts

-Scomo Govt gave JobKeeper payments to PRIVATE SCHOOLS and PRIVATE HIGHER EDUCATION PROVIDERS

private and Catholic schools propped up; another Howard-era practice cont’d by Abbot, Turnbull and Morrison

-ANU vice chancellor Brian P Schmidt pointed out that this lack of investment has implications for the entire nation going into the future

-with universities forced to prop up the research they undertake via student fees

**- the sector’s reliance on students from overseas is itself a symptom of the government’s failure to support universities

READ MORE!

Morrison Has Gutted Public Universities Under Cover of COVID

https://www.sydneycriminallawyers.com.au/blog/morrison-has-gutted-public-universities-under-cover-of-covid/

RELATED ARTICLE: https://www.australianunions.org.au/2021/07/12/australian-universities-intellectual-sweatshops-must-end/?utm_source=onesignal&utm_medium=browser_alert

Analysis on How the Unemployed are being Used to Control Inflation!

HERE it is in black and white … it’s spelt out clearly what has been done to our own by our pollies, they:

-have NO regard for their own people 

-will do whatever it takes to achieve their ideology-based objectives

Gareth Hutchens covers in this report …

-Who controls the levers

-Net overseas migration vs natural increase in population (‘000s)

-About the natural level of ‘unemployment’

-It’s the same thing with the economy

-Introducing the ‘output gap’ … and what they mean

READ MORE!

‘We should thank the unemployed for their service. They’ve been used to control inflation’

https://www.abc.net.au/news/2021-07-04/the-unemployed-have-been-used-to-control-inflation/100259072?fbclid=IwAR2LUSQToELQTI_Ft5l1reXjMTUpXM3mF-08h8b8HoUNSZHMwP21VdFEAVk

How to Restore Housing Affordability

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Image: ABC The Drum 14 June 2021

THE DRUM ON HOUSING AFFORDABILITY 14 JUNE 2021

TONIGHT, 14 JUNE 2021 view the video, and skip along to about 47.52 minutes, and JULIA BAIRD introduced the topic of Housing Affordability.

Now most Australians grew up being taught that if they worked hard, saved money, cut down on the avocado toast, that one day they would be able to buy a house, but new research shows that this dream is out of reach for our younger generations.

The Australia Talks National Survey found 65% of participants agreed that for most young people owning a house just isn’t an option … ‘

CAAN particularly looks at the conversation with Nicki Hutley, economics consultant for Social Outcomes and the Climate Council.

JB:  How are we to read this Nicki?

Nicki Hutley:  It’s hardly surprising we have had a housing crisis in this country probably for two decades, and all levels of government hold responsibility for this.  It is around local government planning, it’s around state government planning and legislation …

KEY POINTS FROM NICKI HUTLEY:

-to make housing more affordable for more people by extension that means that ‘housing is potentially going to go down in price’  

-many Australians hold a lot of their wealth in housing

-the economic consequences of the wealth effect when house prices go down it flows through the economy; a very delicately balanced issue

When we look at the drivers::

-a whole host of issues including self-interest and nimbyism

Host Julia Baird then raised the issue of how expensive the housing market is becoming here. 

JB:  This is a two-bedroom house in Sydney’s inner-city suburb of Darlinghurst; a 90 sq metre block; a buyers guide of $1.7M.  …  It would be more than a lick of paint to be liveable. How can this be sustainable?  The prices going so far up year upon year especially since the Pandemic.

NH:  it is certainly not sustainable. I would have thought we already got to that point.

… but what recent research tells us:

-wealthy boomers are helping their kids out now; an intergenerational transfer of wealth from older Australians to help their kids get into the market

60% of first home buyers are getting support from parents or grandparents to the tune of an average of $93,000

-whereas a normal average couple on an average income it would take them a decade to save for the deposit

-the big issue, interest rates are incredibly low; those who already own property it is much easier to access the finance to then dab more in investment properties

-we are creating this cycle where we have got more and more of the haves concentrating, and then this group that are being shut out of the market

JB:  We have seen the political will in New Zealand to tackle a very heated market to crack down on investor buyers over people who want a roof over their head.  Every time we talk about capital gains and negative gearing – that every time we do it ends in a bog.  What is going to happen here?

Which levers will be pulled?

NH:  There are some short term and long term things. To actually properly address housing affordability without having a double collapse in the economy there are things we can do in the short term:

get rid of Negative Gearing and Capital Gains Tax * to bring down prices *

.it wont be catastrophic; there are always some winners and losers; the losers will be very vocal

CAAN: Can anyone recall if this was raised on ‘The Drum’ during 2019 in the leadup to the election?  When Bill Shorten announced that if elected Labor would grandfather negative gearing and address capital gains tax?

House prices have been escalating since the early 2000s, and again particularly during 2015 and 2017! (due to the high temporary migration visas inviting investment in our housing).

NH Points cont’d:

-a lot of costs are driven by ‘supply and demand’ and the cost of land

-and also government charges; dealing with infrastructure charges particularly in new areas you can be slammed  

-those who live in more central parts of Sydney have all the infrastructure paid out of general revenue

-regionalisation policies need to be looked at more carefully

latest intergenerational report that the Sydney population will increase to 11 million in 4 decades *

CAAN:  Whose side are our Liberal Coalition Governments on?

WHY do we have to have 11 million people living in Sydney when at some 5.5 million we have a shortage of affordable housing, and sit in gridlock?  Our infrastructure is inadequate! And much of our heritage and urban bushlands have been bulldozed!

Perhaps this is explained with the ‘integenerational report’ being written for the Berejiklian Government, and whose interests does it serve?

WHY not build housing for the incumbents? Those who sold in 2020 have also been locked out by the price hike of January 2021!! And continuing …

Alexander Downer agreed with Nicki Hutley.

KEY POINTS FROM ALEXANDER DOWNER:

interest rates are at record lows which inevitably pushes up prices

government subsidies for First Home Buyers push up housing prices

-unless you push up the supply – it’s a phenomenon at the moment everywhere in the US, the UK, and so on.

-in combination with the very low interest rates

VIEW VIDEO 14 JUNE 2021

https://iview.abc.net.au/video/NC2107H096S00

What was the Guvmnt’s Plan all along for us?

BECAUSE prior to the 2020 Pandemic for 8 years they told us incessantly that ‘Budget Repair’ was their centre piece …

-much talk of ‘surpluses’ rather than ‘deficits’

-which meant taking more money out of the economy than it puts into it …

-despite lower taxes to grow the economy

-the only way to record a budget surplus is when taxes are higher than government spending

-the tax take dropped from 2007-08 until 2013 when with the Liables return taxation was higher

-prior to the Pandemic lockdowns there were almost 1.9 Million unemployed or underemployed

-despite the Abbott government ‘jobs creation’ most of which went to imported labour

-wages growth at a 20 year low at 2.1 per cent

READ MORE!

Stagnant wages, a higher tax burden, and labour market ‘slack’. Was this the federal government’s plan all along?

https://www.abc.net.au/news/2021-06-06/was-this-the-federal-governments-plan-all-long/100193250

Ute Beauty Budget Tax Breaks for Tradies

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INFO FOR  LITTLE BOYS WITH THEIR TOYS

Recent survey revealed that Scummo the ‘Big Boy’ was more popular with the blokes … recall that Howard had his Tradies … and Scummo again follows suit …

Morrison Government has given tax breaks worth $18Bn for utes and machinery. That’s 10 times the childcare relief announcement which doesn’t start until 2022

$17.7 billion over 5 years for aged care. $3.5billion a year: 1/3 of what the RC found had been CUT over the last 25 years and less than half of its recommended funding boost.

Also: half of the annual cost of #FrankingCredits being paid to non-taxpayers.

#Budget2021 #auspol

Money for toys for the boys, with some crumbs for women and children #Budget2021

So tradie welfare more important than our elderly. How good are tradies?

AND what’s more important?

There has been an emphasis over many years now on developing Australia’s capabilities’ in innovation and technology … to turn us into a ‘Smart Nation’ …off loading manufacturing, giving up on skilled hands on based working jobs and looking to CHINA.

Importing Skilled workers instead … ‘As required’.. Well, it has backfired big time. Now we are desperate. The Morrison Government cut $325.8 million from vocational funding in its agenda to deprioritise TAFE.

Since being in government the Federal Coalition has overseen 140,000 fewer apprentices now than when it was elected, and cut $3 billion from vocational education funding.

Now In times of PANDEMIC imposed upon us by the very nation we relied on even with the plethora of visas and purpose 457’s in the past usually from CHINA we are left to hang dry. We hopelessly turned to the tertiary sector rivers of gold Universities to drive so called ‘Smart’ Jobs …

Well that certainly wasn’t smart was it….

AND this from Samantha Maiden!

Samantha Maiden

@samanthamaiden

ScoMo’s ‘family friendly’ budget smashed – new analysis claims 92 per cent better off under Labor’s policy https://news.com.au/finance/economy/federal-budget/scott-morrisons-family-friendly-budget-lashed-by-new-analysis/news-story/5c0a83d520198981444b5af6a40659af#.csyg2… via

@newscomauHQ

CPSU

@CPSUnion

RBA Governor Philip Lowe has said that low wages threaten economic growth and that workers’ incomes need to rise. Why haven’t they? because the #LibsLoveLowWages

SO tradies, is your welfare more important than your granny and grandpa?  Than ensuring your Trades with more Aussie Apprenticeships? How good are you?

WHY has the Construction Sector got the Highest Rate of Suicide?

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WHY has the Construction Sector got the highest rate of Suicide?

WITH 80 to 90% the spiral can start from a relationship break down, or any kind of loss, from a loved one to gambling.  Followed by unexpected financial problems … a lack of Job security*

They work excruciatingly long hours to work themselves out of a job—every six months

Pressed to complete large projects on-budget with unrealistic timelines … prioritised over employee wellbeing … for whose benefit?

Together the leadership and their staff are going through this drive for cost savings … for whose benefit?

These workers are 53% more likely to die by suicide than other employed males in this country. 

Death by suicide in the sector is six times higher than death due to site accidents.

Nor have they been encouraged to seek help …

AS it is said it starts ‘at the Top’ …

WHO benefits from the workers’ long hours, insecurity, on-budget, unrealistic timelines, cost savings … certainly not the workers or the clients (buyers) of developments …

AS it is said it starts ‘at the Top’ destroying our $ociety ...

READ MORE!

The Urban Developer: Why Is Suicide So Widespread In The Construction Sector?

https://www.theurbandeveloper.com/articles/suicide-construction-sector-australia

LIKE CAAN ON FACEBOOK!

https://www.facebook.com/Community-Action-Alliance-for-NSW-744190798994541/?ref=aymt_homepage_panel

CAAN WEBSITE:

https://caanhousinginequalitywithaussieslockedout.wordpress.com/

Michael Pascoe reveals how the Housing Affordability Crisis has come about

‘Michael Pascoe: The federal government doesn’t care at all about the housing crisis’

WHY would it? Having created it …

A MUST READ! Please do consider sharing!

Keeping the link here for access … to quote from as often as possible!

PLEASE SHARE!!

The LNP … its Culture …

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Image: Wikipedia

THE LNP

IS it the philosophy that lies at the core of its insidious culture …?

“We are on your side. If you have a go in this country you’ll get a go. That’s what fairness in Australia means.”

And how the Liable Nasty Party achieves this ‘for some’ is through PORKBARRELLING to ensure they win ‘those Coalition or Marginal Seats’

And granting far more to Private Schools!

As revealed in this Report! ‘Privilege over policy’.

Over the decade, private school funding up by $2,164 per student, adjusted for inflation, compared to $334 per student for public schools. Both states and Feds responsible’

VIEW: ‘Tudge butchers Public School Funding’

READ MORE!

And that is how ‘you get a go’ over others who too want a go!

IS it Sc.mmo’s belief that it is only the property and mining sectors that allegedly keep our economy strong?

Before entering politics SM wrote the policy for the developer lobby, The Property Council of Australia … did that lead to his annointment? You think?

‘The single biggest property donor last year (2020) was Sugolena, a private company set up by Isaac and Susan Wakil, who came to Sydney after World War II and assembled a portfolio of empty buildings across the city.

The couple sold their properties in 2014 to raise $200 million for a charitable foundation. While Sugolena had no history of substantial donations, the company, led by Mr Wakil after the death of his wife three years ago, gave $4.1 million to the Liberal Party in the weeks before and after the May 2019 federal election.

Read more!

‘Competitive advantage’: Call for curbs as property sector ramps up political donations

https://www.smh.com.au/politics/federal/competitive-advantage-call-for-curbs-as-property-sector-ramps-up-political-donations-20210126-p56wva.html

Has this sector played a role in ensuring that 100% of ‘new homes’ could be sold to foreign buyers … to create a World-wide market particularly in China for Australian homes? (FIRB Ruling)

And hence the high-rise tower precincts now on every horizon across Sydney … the congestion on our roads … our trains, buses and schools all full-up!

IS that how ‘you get a go’ over others who too want a go?

2021 … The Australian Housing Market is Exploding

2020 … there was a lull with Covid and the withdrawal of buyers from China now replaced by an accelerant …

‘ … The accelerant for this fire is being splashed by other arsonists – the government and the Reserve Bank, with miniature interest rates, grants, negative gearing and the capital gains tax discount.’

Alan Kohler: The housing market is exploding again

NOW … there’s more …

WITH First Home Buyers and investors taking on large mortgages at record low rates … but for how long?

AND a housing shortage has led to this price explosion!

IS it Sc.mmo’s belief that it is only the property and mining sectors that allegedly keep our economy strong?

THAT despite the advice of Economists that lifting wages, lifting JobSeeker above the poverty line would ensure more money would flow and boost our economy … the Liable Nasty Party persists with the lowest wages growth for some 60 years … has allowed temporary migration on these low wages (cash in hand) with the lure of ‘Permanent Residency’ ensuring high unemployment for Australians esp. our Youth

By selling off our Public Assets to the ‘Mates’ … and privatising Services

A mean and tricky grubment …

READ MORE!

‘Dennis Atkins: When Scott Morrison says he’s listening, it’s only to himself’

https://thenewdaily.com.au/opinion/2021/03/27/dennis-atkins-morrison-truth/?fbclid=IwAR2jSYmTLqRA3-Wv-FE4aqndhZwBGd1-7Yy-1VTfUKrMJQQu6PrFEw6HwGk

The Liable Nasty Party promised to deliver 4 Million Covid Vaccines by the end of March 2021 … yet only some 700,000 have been vaccinated so far … how safe is that?

What could Closed Borders mean for us in Oz?

A woman walks away from newspaper jobs in a rubbish bin
With international borders closed, will the bargaining power of Australian workers increase?(ABC Western Qld: Damien Lakrins, File Photo)

They were game doing this piece, note the wriggle room they gave themselves.

It’s on the money, but will many take it on board?

IT could very well mean that you may finally get a bigger pay rise … that’s what!

Actually CAAN has shared with you a number of like reports from Leith Van Onselen and others at

Macro Business …

READ MORE!

‘Why closed borders mean you may finally get a bigger pay rise’

PLEASE SHARE! TO LET OTHERS KNOW WHAT IS GOING ON!


https://www.abc.net.au/news/2021-03-21/wages-could-rise-when-international-borders-are-closed/13262394

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‘Militant’ unions are a thing of the past — just like strong wages growth

https://www.abc.net.au/news/2020-12-06/militant-unions-a-thing-of-the-past-like-wages-growth/12954358

Why Australia isn’t aiming for ‘full employment’ anymore

https://www.abc.net.au/news/2020-11-01/why-wouldnt-governments-want-full-employment/12836424

Economics professor Ross Garnaut says Australia voluntarily keeps hundreds of thousands unemployed

https://www.abc.net.au/news/2021-02-25/ross-garnaut-economists-unemployment-rba-government-critique/13186724

If you’ve been feeling poorer over the last decade, this graph explains why

https://www.abc.net.au/news/2021-03-07/this-graph-explains-why-you-have-been-feeling-poorer/13221796

NEW ZEALAND … ANZ Bank Tackles its Heated Property Market!

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New Zealand … ANZ Bank tackles HEATED PROPERTY MARKET!

TO stop Property Investors Scooping Up Homes  …

How?  By demanding 40% deposit for investors! 

WHY not do the same here in Australia?

To ‘make way for Home Buyers’, and not the Financialization of Housing … FFS!

READ MORE!!

Property Investors Deposit Up 40%: What It Means For Homebuyers

17  DECEMBER 2020

The ‘Australia New Zealand Bank, the biggest bank and money lender in New Zealand … is now increasing its minimum deposit to 40% for residential property investors.

This was announced on Tuesday, 15 December 2020; effective immediately.

The Bank’s big move was implemented as soon as they learnt that 32.4% of mortgage lending went to investors; with a mere 18.3% to first-time homebuyers.

READ MORE!

https://www.glimp.co.nz/property-investors-deposit-up-40-what-it-means-for-homebuyers

RBNZ targets residential property investors with new high LVR restrictions: Most investors to need 40% deposits and most owner-occupiers 20% deposits

9 FEBRUARY 2021

The Reserve Bank New Zealand (RBNZ) witnessed a rapid acceleration in the housing market, and new records being set for the national median price, and a strong pace for new mortgage lending!

This raised concerns about the risk of a sharp correction in the housing market for financial stability! With evidence of speculation surfacing, and many buyers highly leveraged!

That highly indebted borrowers … mostly investors are vulnerable to house price corrections, and more prone to rapid ‘fire sales’ that may magnify any downturn!

READ MORE!

https://www.interest.co.nz/banking/108940/rbnz-targets-residential-property-investors-new-lvr-restrictions-most-investors-need