BFCSA Blog

"It is not necessary to bury the truth. It is sufficient merely to delay it until nobody cares -- Napoleon Bonaparte" This must have been the motto of the Australian Public "Masters" for years! The unelected have run the country. Look at the results. More bureaucracy and less democracy. That's how they created "stability" - a hung parliament is the perfect justification. And nothing really changes beyond the window dressing. "Great coats on - great coats off"... Their objective? "Maintain the status quo and our positions and pay rises, our power and security ie. basically more of the same while politicians come and go. We run this country - forget that at your peril. Don't call us/treat us like public servants." And they're nasty if you try to threaten them in any way - not really nasty publicly, of course. It's all behind closed doors - that's how political power works....

    Marching orders for middle income exiles   Updated: 2:25:19 PM, Wednesday October 03, 2012   By Robert GottliebsenFirst published 19 Sep in Business Spectator   Image: © japolia - Fotolia.com   Cracks in Sydney and Melbourne's middle class employment are starting to emerge, in the foretaste of a wider trend that could be a boon for Julia Gillard. The Eastern suburbs of Sydney and the inner city areas of Melbourne, both high to middle income havens, are showing signs of cracking. As we discussed, while most of the of the escalating middle income unemployment is hidden (See: "Invisible cuts to the middle class"), some clear surface signs are emerging. The eastern suburbs of Sydney have one of the highest proportion of people employed in the finance and professional services sectors in the country, around 80 per cent of households. Research by Brian Redican and Macquarie Bank shows that in...

  Invisible cuts to the middle class Updated: 3:48:00 PM, Wednesday October 03, 2012   By Robert GottliebsenFirst published 18 Sep in Business Spectator     Image: © nyul - Fotolia.com   Official employment data is failing to catch underlying trends that look set to see unemployment rise above 6 per cent in 2013, and middle class ranks wounded.   With the help of Brian Redican of Macquarie Bank today I want to attempt an answer to the question that is troubling a great many Australians: Why is official unemployment around 5.1 per cent when all around middle income Australia we see retrenchments? I must warn that the answers reveal that the low unemployment masks a looming decline in middle class Australia and an unfortunate transformation of our social fabric. You will need to understand this if middle Australia dominates your customer base. But in addition, the answers will also not...