InDenialMoney.com

Facing your finances head on

Entries for December, 2008

Australian PM warns 2009 will be tough

Nothing like a politician telling you the bleeding obvious.
news.com.au reports:
PRIME Minister Kevin Rudd has urged Australians to go into 2009 with optimism and energy, but says it will be a tough year.
In his new year’s message, Mr Rudd said his Government was determined to do all it could in 2009 to protect Australian families, [...]

Leave a Comment

UK faces one million job losses by 2010

thewest.com.au reports:

Some 600,000 British workers will lose their jobs in 2009 and a million could go before the worst is over, according to a study giving the latest gloomy forecast on a deepening recession.
Around a million jobs may be lost in all before the economy starts to recover and the next three months will be [...]

Leave a Comment

Reserve Bank of Australia tipped to cut interest rates to 3%

I must admit I groaned a little when I read earlier this morning that the RBA is tipped to cut official interest rates to 3%.
I realise it is selfish but it is not god news for us as we have savings accounts but very good news for those with mortgages or those wishing to enter [...]

Leave a Comment

Asia, the new economic force

I was not really surprised to read that Asia is expected to emerge from this latest economic crisis as the new force in the world economy.

news.com.au reports:
ASIA’S economic crisis will deepen in 2009 as exports slump to recession-hit Western nations, but the region should still outperform the United States and Europe, analysts say.
Hopes that [...]

Leave a Comment

Australians receive a $10.4bn handout

Well, seniors, carers and those with kids get a handout. Singles and people without kids will not receive anything, surprise surprise.
News.com.au reports:

MAJOR retailers are preparing to cash in on the Government’s $10.4 billion in handouts by enticing recipients to spend up big for Christmas, The Daily Telegraph reports.
The first of the handouts aimed at kickstarting [...]

Leave a Comment

Use your annual leave

news.com.au reports:

THE federal Government will this week move to unlock Australian employees’ $31 billion in unused annual leave, in an attempt to provide a boost to the economy that would be three times bigger than the payments that start flowing today from the economic stimulus package.
Tourism Minister Martin Ferguson said Tourism Australia would convene [...]

Leave a Comment

Spending our way to debt

Leave a Comment