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Housing boom driving Australian inequality

The Australian Greens have commented on an OECD report warning of a ‘rout’ in Australian house prices.
 
Greens Treasury spokesperson, Senator Peter Whish-Wilson, said that the OECD report confirms that “the big-four banks are creaming it.”
 
“CBA, NAB, ANZ and Westpac are all profiting off a housing boom that threatens to undermine the entire economy. And they’re doing it all with the benefit of government guarantees that they don’t have to pay for. This is a scandal.
 
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Speech: Export Finance and Insurance Corporation Amendment (Direct Lending and Other Measures) Bill 2014

Senator RHIANNON (New South Wales) (09:43): The first part of the Export Finance and Insurance Corporation Amendment (Direct Lending and Other Measures) Bill 2014 does extend the mandate of Efic's activities from supporting the export of capital goods, to all goods. So we are really going from a situation where so many of Efic's loans went for large mining projects and the infrastructure that supported them, and other related projects, to really being about services, consumer goods and many aspects of what are called SMEs, small and medium sized enterprises.

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Speech: Mining tax repeal

Lee Rhiannon 17 Jul 2014

What a week! We have seen the government really deliver in spades, so to speak, to the mining industry. They are right out there, you would have to say—sycophantic, pandering. It is going to be tough, because, when you do not have such a revenue stream coming in, somebody has to pay.

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Greens call for construction-led south-east stimulus package

Victoria, South Australia & NSW need an economic stimulus package to create jobs and transition to a clean economy, Greens Deputy Leader and industry spokesperson, Adam Bandt, said today.

Mr Bandt today released ‘Saving south-east Australia', a fully-funded plan to build 77,500 new houses in south-eastern Australia, fast-track high-speed rail, provide tax relief to small business and manufacturing and boost research and innovation spending.

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Rinehart comments a bit rich

Blog by Senator Lee Rhiannon

Gina Rinehart’s utterances are often a reminder that wealth too often goes hand in hand with arrogance and greed.

Writing in her regular column in Australian Resources and Investment magazine Australia’s wealthiest person said that people who are jealous of the rich should start working harder and cut down on drinking, socialising and smoking.

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