Category: 2022 federal budget

Congress Is Working Against the Federal Reserve

December 19, 2022
2022 federal budgetBusiness & MarketsBusiness ColumnistseconomyemploymentinflationSen. Richard Shelby
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Since last Wednesday—when the Federal Reserve rate decision dropped at 2:00 p.m. EST—to the market close on Friday, the Dow Jones Industrial Average slipped 4.2 percent and the S&P 500 Index fell 4.9 percent. While most business columnists put those declines mostly on the Fed’s rate increase, a deeper dive speaks to a more negative…

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Record Spend on Renewables as Electricity Prices to Soar by 50 Percent in Australia

October 26, 2022
2022 federal budgetAustraliaBusiness & Marketseconomic policiesGene TunnyinflationInternationalJim ChalmersRobert CarlingWorld
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Australians can expect their electricity bill to rise by another 56 percent over the next two years—according to budget estimates—with the Labor government banking on a wider rollout of renewable energy sources to help bring down prices. The soaring energy costs comes despite pledges from Prime Minister Anthony Albanese prior to winning the May election…

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Victoria Labor Announces Payments to Save on Energy Bills

May 2, 2022
2022 federal budgetanthony albaneseAustraliaAustralian federal budgetAustralian federal election 2022Australian Labor Partydaniel andrewsEnergy Billenergy billsliberal national coalitionTreasurer Josh FrydenbergvictoriaWorld
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The Victorian Labor Government has announced a new $250 (US$176.4) one-off payment for all Victorian households as part of the new Power Saving Bonus program for energy bills. “This is a great opportunity for Victorians to save money, ease the cost of living, and cut their energy bills,”  the Premier of Victoria Daniel Andrews said. Under…

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