Friday, August 14, 2020

The freedom of the press still furnishes that check upon government which no constitution has ever been able to provide – Chicago Tribune.

Tags Recession

Tag: recession

A gas-led recovery is short term, good only for the gas industry

 

Canberra is proposing a gas-led recovery at a time when US oil and gas company bankruptcies are stacking up daily and the industry continues its downwards trajectory, desperate for handouts, writes Bruce Robertson, author of a report by the Institute for Energy Economics and Financial Analysis entitled Gas Cannot Stimulate the Economy, Reduce Emissions, or Provide Cheap Power.

National Account figures: Territory last

p2577 national account SM

 

 

The second quarter in the red: Economy is in recession, writes Opposition Leader Gary Higgins. IMAGE: June Quarter 2018 National Account figures, Australian Bureau of Statistics.

Big dip in housing starts

p2312-Neilia-Ginnane-SM

 

 

Decline turns home building into a buyers' market, writes Neilia Humphries of the Housing Industry Association Executive – NT (pictured).

 

Do-it-yourself rescue of battling outback town

A shop for $100,000, a house for $50,000.

 

South Broken Hill and Alice Springs have a lot in common so far as their problems are concerned.

They couldn't be more different in their quest for solutions.

Empty shops, people leaving town, public facilities needing a facelift, the outback magic failing to lure the tourists in the numbers aspired to.

It seems The Alice could take a leaf out of South Broken Hill's book.

The poor cousin of the iconic mining town, South Broken Hill is separated from the main part of the city by a hill. As if out of sight, out of mind, the symptoms of decline set in two decades ago: shops in the main street closed. Some were turned into dwellings, some just stayed empty. Of 21 shops only 16 are occupied.
Now the push is on to get new tenants, and some short-time occupancies have been offered to artists and exhibitions.

In the long run the vigorous community action is aiming to turn Patton Village into a buzzy place for locals and a magnet for visitors. Bell's Milk Bar owner Jason King, as one of the leading lights, is spreading the message around the nation, especially through the Desert Knowledge Australia Outback Business Network. He says local government and the state government are regarded as stakeholders, "but we have to drive the changes.

"To bring Patton Village back to life, its people will have to do it." ERWIN CHLANDA reports. 

 

PHOTO: Its own community will bring South Broken Hill back to life. No-one else will.

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