Following a strategic review of the student visa program in 2011 (the “Knight Review”), the Gillard government significantly enhanced employment rights for graduate (485) visas in 2013. In particular, 485 visa holders were not needed to meet skills shortage requirements and were allowed to stay in Australia for two to four years after finishing their
US investment giant BlackRock has hit a new record on assets under management, topping $11.48 trillion in Q3 2024 – equivalent to the nominal GDP of Japan, India and the UK combined, and the valuation growing by nearly $2.4 trillion (the GDP of an Italy or Brazil) since Q3 2023 alone. How does BlackRock make its money? Sputnik explores.
By Denis Hay Description Explore how to shift to social democracy from neoliberalism, using its monetary sovereignty to create a fairer political system. Introduction: A Path to a Compassionate Australia Australia, like many nations, has been shaped by the forces of neoliberalism, a political ideology that promotes free markets, deregulation, and minimal government intervention in…
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‘End of the road’ Lina Bryans,(1941—1943) Art Gallery of New South Wales AUD/USD EUR/USD USD/JPY GBP/USD Gold WTI Brent Australia 200 US S&P 500 UK 100 Japan 225
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Vasey RSL Care has spent close to two years advocating at the highest levels of government to co-fund its innovative response to veteran homelessness – and its causes – through The V Centre Veteran Empowerment Program. In the ex-service community, one veteran takes their own life every 5 days. This is simply not acceptable, and…
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New Zealanders are experiencing one of the deepest recessions in modern times. As of Q2 2024, real per capita GDP had collapsed by nearly 4%, as illustrated by the following chart: As shown by Justin Fabo at Antipodean Macro, New Zealand has recorded the largest decline in per capita GDP compared with the decade average
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Last week, I posted research from the world’s largest commercial real estate group, CBRE, which projects that Australia’s rental crisis will continue as population demand overruns supply. CBRE projects that Australia’s population will balloon by 3.6 million to 31 million by 2034 (from 27.4 million currently). CBRE also projects apartment supply to hover around decade
Media Release International and national refugee sector experts and advocates have identified four urgent areas of reform needed to address ongoing disadvantage and exclusion caused by Australia’s policies towards refugees and people seeking asylum. Two hundred delegates gathered in Kyneton, Victoria (11-13 October) for the two-yearly Rural Australians for Refugees conference which brings 75 groups…
The Business Council of Australia (BCA) estimates that an extra 64,000 dwellings will be required each year if the federal government’s target of building 1.2 million new homes over five years is to be achieved. The BCA has proposed an overhaul of the planning regime in order to boost housing supply. Amongst other things, it
As part of the nomination process for the 2024 Victorian council elections, each candidate was asked to fill out a questionnaire. One of the questions was whether the candidate was endorsed by a party. Not everyone did the survey, but most candidates did. This means that it is possible to identify candidates endorsed by a registered party, but not as easily as it would be in other jurisdictions.
Net overseas migration continues to retrace in New Zealand as recession-hit Kiwis escape to Australia. As illustrated below by Justin Fabo at Antipodean Macro, net migration into New Zealand has plunged from the October 2023 peak: There was an annual net migration gain of 53,800 in the year to August 2024, down sharply from the