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Home loan repayments are set to soar as rampant economic growth might force two mortgage interest rate rises within six months, pushing up mortgage repayments, economists said yesterday.
They said the central bank might lift official interest rates to a peak of 7 per cent, which could take the average variable mortgage rate from 7.75 per cent to 8.25 per cent and increase the average household's monthly repayment by about $100.
The Reserve Bank of Australia's decision on a potential interest rate rise next month to 6.75 per cent hinges on the September inflation figures due out on Wednesday.
The timing of the next interest rate rise is a hot-button issue in the federal election campaign. Most economists now say rates will definitely rise; it is just a question of when.
Westpac chief economist Bill Evans said the economy was being driven by the mining boom, strong consumer ...Write Comment (0 Comments) |
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Helen and I went skiing at the Norwich Ski School yesterday, it was fantastic. I think we were all very nervous when we got there, the ski slopes looked huge. Nevertheless, it was so funny watching everybody walk around, with the skis off, they looked like little toy robots.
When we got to the ski slope, I realized the kids were far better skiers than me, despite a few of them falling over here and there. Most were better at me at braking, but in terms of manoeuvring, at least I have some dignity in being able to do that without falling over.
So what can you do when you're going downward, with the bottom of the hill rushing up to meat you? Learn how to ski so you don’t tumble and fall like an idiot. Probably the most hilarious part of it all was watching Aaron trying to climb the hill. It seamed like every step he took up the slope, he slid back down two. Fortunately I didn't fa...Write Comment (0 Comments) |
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And learn why it is still important. Freedom of thought doesn't work when bullies and thugs are DEMANDING you not think certain thoughts. Learn more here.Write Comment (0 Comments) |
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The code of ethics for the society of professional journalists states:
...public enlightenment is the forerunner of justice and the foundation of democracy. The duty of the journalist is to further those ends by seeking truth and providing a fair and comprehensive account of events and issues.
And Wizbang explains why the public would be confused on that issue:
Media Ignore General Sanchez' Criticisms of Them and Report Only that which Makes War Effort Look Bad
I know the mainstream media is reporting on General Sanchez' speech, but they reported only the part of his comments that were critical of the administration and how it conducted the war, completely ignoring his damning statements about their journalistic ethics, proving that what he said about them was on target.
Wizbang excerpts part of the speech so head on over there and read it all....Write Comment (0 Comments) |
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Undercover operative Zombie has a photo-essay on the activities of clear-thinking, principled demonstrators in the Berkeley area, in the Zombie online essay: IMPEACH!Write Comment (0 Comments) |
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