If the RBA includes commercial credit cards in new caps on interchange fees, small to medium enterprises might not be able to use them as a source of finance.
The pursuit of shareholder value destroys jobs, investment and the long term health of the economy, but as long it is legal Philip Green’s behaviour is just business as usual.
Congress just passed a bailout for Puerto Rico – in the nick of time – yet it’s not enough to solve the island’s biggest challenge: returning to growth.
One of the worst hit countries during the financial crisis has regained economic strength inside a gilded cage – to the extent that it can now step outside, melt it down and re-sell the gold.
Deputy Prime Minister Barnaby Joyce said that when the Coalition lost government in 2007, Australia was owed billions by the world – but that when the Coalition regained power in 2013, Australia was in debt. Is that right?
Falling homeownership rates, stagnant wages and diminishing retirement savings mean that for more and more Americans, the middle-class dream is slowly dying – if it’s not already gone.