ECONOMY

Click Frenzy’s Meltdown, a Win for Most Retailers

Click Frenzy's website may have crashed due to the surge of consumers wanting to get first dibs on discounted products, and may have lost patrons along the way, but the real winners here were the retailers themselves prepared to serve online consumers.

Job Loss is a Big Heart Risk

Job loss is a possible trigger for heart attack, putting at risk older people and those with serious medical conditions such as high blood pressure and obesity, a new U.S. study said.

RBA May Impose Rate Cuts in December

A lower cash rate right before the 2012 Christmas season goes into full swing remains a possibility as suggested by the Nov. 6 RBA board meeting minutes, which hinted that ‘further easing’ could be on the way.
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China’s Inflation Slows to 1.7% in October, Giving Room for New Easing Measures

Official data showed on the 9th of November that China's annual consumer inflation slowed to a 33-month low on food cost in the month of October thus giving the government scope to introduce new easing measures if needed. The policy of the China's government has succeeded in supporting the growth of the world's second-biggest economy.

RBA Cuts Australia’s Growth Forecast to 2.75% from 3.5%

Due to projections that the country's resource boom will have a peak earlier than anticipated, the Reserve Bank of Australia (RBA) downgraded Australia's growth forecast for the year to June 2013 to 2.75 per cent from 3.5 per cent.

KLM, Etihad Codeshare on Flights from Australia to Europe

Abu Dhabi's flagship carrier Etihad Airways, which own 10 per cent of Virgin Australia, has entered into a codesharing agreement with KLM Royal Dutch Airlines to offer Australians greater accessibility and flexibility as they visit and tour Europe and its scenic spots.

No Inflation to See Here!

It's a big week. The race that stops the nation will stop us from coming into our St Kilda headquarters tomorrow. We used to try working on Melbourne Cup day. But we gave up when we realised most people really do take the day off. But don't worry. We've queued up a special US election preview presentation for your enjoyment. Watch out for it.

Why Government Debt Blows Up

Richard Koo knows what's going on. At least, to a point. He's a fool, but not an idiot. In Bastiat's terms, he sees the effects of a debt deflation. As for the unseen consequences of the government's efforts to fix it, he doesn't even bother to look.

Spain's PM Confident of Economic Growth by 2014

Spanish Prime Minister Mariano Rajoy on Tuesday once again ruled out possibility of his government requesting a bailout from the ECB this year at least; and said that his country can return to economic growth by 2014 as long as it stuck to a policy of fiscal austerity.

Qatar Airways Holds 3-Day Global Sale

Doha-based airline carrier Qatar Airways has launched a massive three-day global sale of attractive fares to more than 100 global destinations, including Australia.

A Lesson in Hurricane Economics

Were you watching the markets yesterday, Fellow Reckoner? Well, you might have saved yourself the time. Stocks were flat. Oil and gold both rose, but each by less than half a percent. A virtually uninterrupted snoozefest, in other words.

When ‘Nanny State’ Deficits Becomes Unviable

In order to exercise control over the population, governments throughout history have made people dependent on government largess. A government can make an increasing number of people dependent on its generosity by providing more and more benefits to a larger and larger share of the population.

A Deflationary Conclusion to China’s Bubble

The perception of China's economic problems have changed. But they're still stuck with the same problems they had a few months ago. That is, the need to rebalance a historically imbalanced economy.

Adelaide Holden Plant Slashes 170 Workers

Dwindling sales of locally built car models plus a high Australian dollar have forced auto maker Holden to slash 170 positions from its Elizabeth, South Australia manufacturing factory.

Sandy Clean-Up Expected to Add Billions to U.S. National Debt

Well, it didn't take long after Hurricane Sandy passed into history as the largest storm of its kind in several generations for someone in Washington to call for billions in new federal spending to compensate for its damage - billions that will, of course, be added to the trillions of dollars in debt the nation already owes.

It Won’t Be Long Before the Problems in Greece Resurface

At least we're not Greece, and for that we should be thankful. What's happening in that distant part of the world is really a tragedy. Greece is in a depressionary slump. It's been that way since 2010. 'Bailout' funds, debt write-offs and years of austerity have achieved absolutely nothing.

Japan’s Economy: The Test Tube Baby for Monetary Policy

Here's a question: if the machines and bots have largely taken over the share market, why did the New York Stock Exchange close for weather-related reasons two days in a row? It's the first time the NYSE has done that since the 1880s, way back in the 19th century. Maybe this will be a dry run for markets that operate without physical trading floors.

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