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Labor choices mean pain for Australians
Sidney Dalvey The RBA hiked interest rates 10 times in a row to ensure that “inflation returns to target”, the Victorian state budget is set to make “difficult choices”, while the federal budget is reportedly a “difficult balancing act”. All these weasel words, weather from the Governor, the Premier, or the Treasurer, amount to the…
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Cost of living in Australia starts to bite
John Gowland Inflation is now running at 7.3% and wages, tied to past agreements or base level awards, are rising at just 2.6% – a cut in real terms. As elsewhere in capitalist countries the cost of living has skyrocketed. Food, interest rates, rents, mortgages, utilities, and petrol, every family expenditure has been hit hard.…
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Socialism Today 