Prime Minister Anthony Albanese has said his government is aware that people are doing it tough at the moment but has ruled out any further cost of living help as they stand by the decision of the Reserve Bank of Australia (RBA) to raise interest rates. Speaking to the Today show on Tuesday, Albanese said…
Inflation Squeeze Forces 45 Percent of Americans to Cut Spending on Groceries: Poll
According to a recent Suffolk University/USA TODAY survey, 45.3 percent of Americans have had to cut back their spending on groceries, and 59.4 percent said they are eating out less often as a result of inflation. The survey of 1,000 registered voters has a margin of error of plus or minus 3.1 percentage points. Another 48 percent of…
Cost of Living Pressure Changing the Diets of New Zealanders
Rising cost of living has not only left New Zealanders spending significantly more on food, but has also influenced diets and shopping behaviour, according to research. Agriculture banking specialist Rabobank and food charity KiwiHarvest found that 40 percent of households said they were now spending over $200 (US$125) a week on food, up from 35…
What Does the Push to Phase out Fossil Fuel Cars Achieve?
July 22, 2022
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Commentary The Australian Capital Territory (ACT) has become the first Australian government to legislate the phase-out of fossil fuel-powered vehicles. The new policy heralds a ban on the sale of internal combustion engine vehicles, which will come into effect in 2035. The timing is interesting. Three successive energy security crises have dominated the news cycle…
What Does the Push to Phase out Fossil Fuel Cars Actually Achieve?
July 22, 2022
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Commentary The Australian Capital Territory (ACT) has become the first Australian government to legislate the phase-out of fossil fuel-powered vehicles. The new policy heralds a ban on the sale of internal combustion engine vehicles, which will come into effect in 2035. The timing is interesting. Three successive energy security crises have dominated the news cycle…
Government Can’t Control Ukraine War but Can Help Australians With Cost of Living: Independent MP Dai Le
July 13, 2022
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An Australian Independent MP has said that Prime Minister Anthony Albanese should focus on helping Australians suffering from the cost of living crisis rather than let international affairs such as the war in Ukraine divert his attention. The comment comes after Albanese pledged $100 million in military aid for Ukraine after visiting the war-torn country…
Costco CEO: A Lot of People Are Experiencing a Recession Right Now and ‘Just Trying to Survive’
Costco CEO Craig Jelinek has warned that although the middle class is doing OK financially, people with less discretionary spending are having a difficult time in the current economy. In a July 11 interview for CNBC’s “Squawk on the Street” program, Jelinek said that while overall “the consumer is not doing bad,” and the unemployment rate…
New Zealanders Struggling With Inflation as 1-in-10 Live Beyond Their Means
Many New Zealanders are struggling to make ends meet, with one-in-ten living beyond their means and one-quarter of buy now, pay later (BNPL) users putting their purchases on a credit card, according to Consumer NZ. Gemma Rasmussen, a spokesperson for Consumer NZ, also said 40 percent of people are reporting no savings or were “deeply…
Broccoli ‘Theft’ in Aussie Supermarkets Sparks Concerns as Cost of Living Impacts Families
A sign in an Australian supermarket warning customers not to break the stems of broccoli before purchase has sparked concerns that cost of living pressures are impacting families. This follows comments from the National Farmers’ Federation—Australia’s peak national body representing farmers—that fruit and vegetable shortages will remain until September as months of continual flooding and…
Canadians Struggle to Buy Groceries Due to Highest Inflation in 39 Years, Study Shows
More than half of Canadians are struggling to pay for household grocery bills as the country faces a 7.7 percent inflation rate, the highest in 39 years, a new Angus Reid Institute (ARI) study shows. Out of more than 5,000 adult Canadians surveyed, 45 percent said they are worse off now than they were at…
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