The first hearing of the Senate Rural and Regional Affairs and Transport Inquiry into Bank closures in regional Australia was a smashing success, which sets the stage for the rest of the inquiry.
Australia needs to think big if we are to build our way out of the current economic depression. There is no bigger idea than Project Iron Boomerang, a plan to connect northern Queensland’s coalfields to northern Western Australia’s iron ore reserves with a railway that transports the minerals both ways, supplying steel mills at both ends. This project would fully capitalise on Australia’s abundant iron ore and metallurgical coal reserves, and could be the cornerstone of the infrastructure development program Australia needs to engineer an economic recovery.
“People want vision and hope. They want a plan. China’s got a plan—Belt and Road—where’s ours? Where’s our nation-building plan? Not these bits and pieces of half-funded or 10 per cent-funded flag-waving political stuff.”—Shane Condon
The first hearing of the Senate Rural and Regional Affairs and Transport Inquiry into Bank closures in regional Australia was a smashing success, which sets the stage for the rest of the inquiry.
In a press conference on 22 February, Reserve Bank of New Zealand Governor Adrian Orr warned that the "drive to a cashless society" had left the nation vulnerable.
The ivory tower of Phillip Lowe was shaken last week as, one after another, representatives of the Australian people impressed on him the impact of the RBA’s interest rate rises.