Why Australians could shiver through cold winters
South-eastern Australia is facing gas shortages within as few as two years that will bring with it the threat of electricity blackouts and household gas needs for cooking and heating not being met.
Eryk Bagshaw is a Federal Political Reporter, covering economics for Fairfax Media based in Parliament House, Canberra. He was previously The Sydney Morning Herald's Education Reporter.
South-eastern Australia is facing gas shortages within as few as two years that will bring with it the threat of electricity blackouts and household gas needs for cooking and heating not being met.
A private college network heavily promoted by Steve "Commando" Willis that spent more than a third of its taxpayer funded budget on advertising in one year has closed, leaving 1600 students in limbo and 200 staff redundant.
Economists have hailed the economy's "shift in momentum," and declared that Australia "has its mojo back" after a 1.1 per cent bounceback from its second-worst result in 25 years.
Australia has avoided a second consecutive quarter of negative economic growth, rising by 1.1 per cent in the December quarter and beating market expectations.
Treasury boss John Fraser has implored Parliament to consider cutting the company tax rate, saying it would be "critical" to respond to international competition.
The strong result means Australia is likely to technically avoid a recession.
Company profits have surged to record highs at the same time wages suffered their sharpest decline in eight years.
"A simple alteration could deny a claimant millions of dollars and save the company in the process"
Reserve Bank governor Philip Lowe has implored Prime Minister Malcolm Turnbull to borrow more to spend on infrastructure.
The economy will be $72 billion worse off if one key education outcome isn't improved, says new report.
Search pagination
Save articles for later.
Subscribe for unlimited access to news. Login to save articles.
Return to the homepage by clicking on the site logo.