Australian (ASX) Stock Market Forum

The Albanese government

Who is going to be the first to try and knife Airbus next year?

  • Marles

    Votes: 1 9.1%
  • Chalmers

    Votes: 3 27.3%
  • Wong

    Votes: 1 9.1%
  • Plibersek

    Votes: 3 27.3%
  • Shorten

    Votes: 2 18.2%
  • Burney

    Votes: 0 0.0%
  • Other

    Votes: 1 9.1%

  • Total voters
    11
Restaurants most guys I know are raking it in. Cafes are the opposite. They seem to be struggling as they have hit the point where they can't raise prices anymore. Customers are baulking at the expense.

Work from home had an effect as well.
That's probably a good point, the cafes are probably more in line with the market place, as they may rely on passing foot traffic, with spare change in its 'pocket'. Whereas the restaurants are a premeditated and budgeted spend.
I know some of the cafes around my area are closing, so it will be interesting to see if the trend accelerates with the wage increase, also I wonder if it will affect weekend opening hours.
Interesting times.
 
Hospitality is so mixed at the moment. You can't get staff. Delivery drivers are impossible to find with the current fuel prices. And you are paying a huge amount for workers.

Restaurants most guys I know are raking it in. Cafes are the opposite. They seem to be struggling as they have hit the point where they can't raise prices anymore. Customers are baulking at the expense.

Work from home had an effect as well.
Agreed. However after watching that interview where the owner stated he was already paying his staff some 20% above the award rate it's fair to assume the 5.2% rise had no effect on that business. Everything else, yes, but not the wages.

Obviously that didn't stop the media from politicising it by blaming the wages whilst ignoring the real issues.
 
Agreed. However after watching that interview where the owner stated he was already paying his staff some 20% above the award rate it's fair to assume the 5.2% rise had no effect on that business. Everything else, yes, but not the wages.

Obviously that didn't stop the media from politicising it by blaming the wages whilst ignoring the real issues.
I dare say that guy has discovered that running a small business f*cking sucks.
 
Beijing has called Anthony Albanese ‘ignorant’ and ‘ill-informed’

 
Honeymoon over already?

20220718_073315.jpg
 
Fail.
Caved into the states and union movement.
COVID payments at least to be shared between states and feds.
mick
Labor supporters were thick on twitter saying "how refreshing it was to have a PM that listened".
Not sure why these idiots think there's an endless supply of money with no repercussions.

Albos biggest threat will be the woke and commie brigade constantly screeching. Hope he doesn't listen. They literally ruined every western country.
 
Albos biggest threat will be the woke and commie brigade constantly screeching. Hope he doesn't listen. They literally ruined every western country.
Probably not the most popular thing to say on a stock market forum but I'll add some elements of the business lobby to that.

Some of what the say is justified and has merit, as with most lobby groups there's an element of truth, but some is just trying to prop up outdated business models for no reason other than self interest.

When it comes to the latter, government needs to let capitalism do its thing and let the outdated fail to make way for the new. There's more than a few trying to avoid change right now, clinging to what's become obsolete. :2twocents
 
Probably not the most popular thing to say on a stock market forum but I'll add some elements of the business lobby to that.

Some of what the say is justified and has merit, as with most lobby groups there's an element of truth, but some is just trying to prop up outdated business models for no reason other than self interest.

When it comes to the latter, government needs to let capitalism do its thing and let the outdated fail to make way for the new. There's more than a few trying to avoid change right now, clinging to what's become obsolete. :2twocents
You'd never get any argument from me on that score. The current system is not capitalism, unless we admit the mutant crony version thereof... effectively economic fascism.

Creative destruction is healthy for an economy.

Curiously, it is the crony capitalists and the hysterical wokist which seem to be operating symbiotically. This is a cultural and economic malaise which may destroy what we have.
 
The goverment has a number of larger political battles to win against the Greens and using political capital on this relatively minor issue was not worth it.

At least this scheme now ends in September.

I heard the Assistant Treasurer talk on 7:30 report and she came across well as determined to reign in the largesse.
 
Say goodbye to HollyWoke :)


Good on ya Bill.

It was interesting to see on Afternoon Briefing (ABC TV) a LNP Senator get her cues wrong and criticise a decision introduced by the previous government !

https://iview.abc.net.au/video/NU2222V124S00 at the 32:00 minute mark.
 
Good on ya Bill.

It was interesting to see on Afternoon Briefing (ABC TV) a LNP Senator get her cues wrong and criticise a decision introduced by the previous government !

https://iview.abc.net.au/video/NU2222V124S00 at the 32:00 minute mark.
Ya don't understand Horace, when ya is in opposition, ya supposed to oppose everything, regardless of who made the original decision.
Thats how our parliamentary democracy works.
Mick
 
Ya don't understand Horace, when ya is in opposition, ya supposed to oppose everything, regardless of who made the original decision.
Thats how our parliamentary democracy works.
Mick

I get that, but sometimes the pollies just look stupid when they oppose something they supported a couple of months ago.

They would have for more cred in my opinion if they just said what they thought and stuck with it instead of slavishly towing the party line.
 
I think we are going to see this happen more and more, over the next few years, especially on renewable sites as they are generally proposed in remote and in culturally or environmentally sensitive areas.

 
I think we are going to see this happen more and more, over the next few years, especially on renewable sites as they are generally proposed in remote and in culturally or environmentally sensitive areas.


Well, basically the whole country is 'culturally sensitive' as our indigenous friends lay claim to all of it.

Sometime the government will have to put a stop to it and consider the national interest first.
 
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