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Oh my, Paul Krugman edition

Paul Krugman has previously rejected the argument that new debt creates aggregate demand, but recent musings suggest a major shift in his thinking on the subject.

16 Dec 2013
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Construction jobs to crash in four years

The resources industry construction workforce is set to collapse over the next four years, plunging 91 per cent and shedding more than 78,000 jobs by 2018, dwarfing the Holden closure job losses.

16 Dec 2013
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Powering states to be one economy

It's been a year of anniversaries: 50 years since The Australian Financial Review became a daily, 30 years since the floating of the dollar, 21 years since the Council of Australian Governments replaced the special premiers' conference and 15 years since the start of the national electricity market.

16 Dec 2013
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Regional banks call for action

Regional banks are urging the government to make lifting the competitiveness of smaller lenders a central goal of the financial system inquiry, saying the probe presents a rare chance to level the playing field.

16 Dec 2013
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Pathology industry cries foul over rents

The multibillion-dollar pathology industry is urging the government to cap the rents it pays to blood collection centres, claiming that hefty payments could put small pathology operators out of business.

16 Dec 2013
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CMC Markets Weekly Report

U.S. stocks on Friday mostly gained, cutting weekly losses, as investors remained cautious before a Federal Reserve policy meeting this week that should shed light on the central-bank's plans for its asset-purchasing program.


16 Dec 2013
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