Treasurer Josh Frydenberg is forecasting a slightly smaller budget deficit for the 2021/22 financial year while predicting strong economic recovery and a sharp fall in the unemployment rates. He is also predicting in his mid-year budget review wages growth of three percent in 2023/24, a rate not seen since the coalition came to power in…
Australian Treasurer: Smaller Budget Deficits and A Million More Jobs
December 16, 2021
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Target CEO Addresses Plans for Holiday Sales Season
Brian Cornell, the CEO of Target, spoke about the company’s plans for the 2021 holiday season in an exclusive Dec. 15 interview with The Associated Press. Cornell was optimistic after reports showed sales continuing to stay strong during the final stretch of the holiday season amid some worries about the new omicron variant. Target, one of the country’s…
Canada Issues Travel Advisory as Omicron Fears Rise
The federal government is advising Canadians against non-essential travel to foreign countries amid concerns about the Omicron variant. Federal Health Minister Jean-Yves Duclos made the announcement at a press conference on Dec. 15. “To those who were planning to travel, I say very clearly—now is not the time to travel. The rapid spread of the…
Economic Challenges Persist for Millions in US Recovery
The top headline numbers suggest that the U.S. economic recovery is humming along, but underlying issues throughout the economy have a growing number of economists and market analysts concerned. On the surface, jobs, consumer spending, and the gross domestic product are improving. However, once you begin to scratch underneath that surface, there are plenty of…
UK Inflation Hits Highest Level for Over a Decade
The cost of living in the UK rose by 5.1 percent in the 12 months to November, the highest in more than a decade, latest statistics show. According to data released on Wednesday by the Office for National Statistics (ONS), the Consumer Prices Index (CPI) rose by 5.1 percent in the 12 months to November…
OPEC Remains Steady on Demand for Oil in 2022
December 13, 2021
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OPEC said it believes that the Omicron variant will not have as much of an impact as widely feared on Dec. 13, leaving its forecast for global oil demand unchanged for the first quarter of 2022. “The impact of the new Omicron variant is expected to be mild and short-lived, as the world becomes better…
UK Confirms 1st Death With Omicron COVID-19 Variant
British Prime Minister Boris Johnson said on Monday that at least one patient has been confirmed to have died with the Omicron variant of the CCP (Chinese Communist Party) virus, which causes the disease COVID-19. Speaking during a visit to a vaccination clinic in west London, Johnson said that Omicron “is producing hospitalisations” and “sadly…
Taiwan Records First Omicron Case in Traveler From Africa
TAIPEI, Taiwan—Taiwan has recorded its first case of the omicron variant in a passenger who recently traveled to the southern African country of Eswatini, health officials said Saturday. The passenger, a Taiwanese woman in her 30s who returned on Dec. 8, is now in quarantine in hospital, according to the Central Epidemic Command Center, which…
Capitol Report (Dec. 10): Illegal Immigration Surge Continues
On International Human Rights Day, a U.S. senator expressed concerns over the ongoing persecution of Falun Gong practitioners in China. Just how effective will a diplomatic boycott be on improving China’s human rights? Congress is moving to tighten up on the executive branch. The House passed a bill to limit presidential power, but the lead…
Business Passengers Fearful as Omicron Disrupts Air Travel in Europe’s Biggest Airport
December 10, 2021
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London’s Heathrow Airport said that renewed travel restrictions made on the discovery of the Omicron CCP (Chinese Communist Party) virus variant has spooked passengers, especially business travelers, who worry they won’t be able to get back home. According to figures released Friday, the demand for air travel, which had started to inch back to normalcy…
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