Friday, January 30

Tag: Cost of Living

8Nov By AdminsNo Comments

Trump is ramping up a new effort to convince a skeptical public he can fix affordability worries

US President Donald Trump is adjusting his messaging strategy to win over voters who are worried about the cost of living with plans to emphasise new tax breaks and show progress on fighting inflation. The messaging is centered around affordability, and the push comes after inflation emerged as a major vulnerability for Trump and Republicans in Tuesday's elections, in which voters overwhelmingly said the economy was their biggest concern. Democrats took advantage of concerns about affordability to run up huge margins in the New Jersey and Virginia governor races, flipping what had been a strength for Trump in the 2024 presidential election into a vulnerability going into next year's midterm elections. US President Donald Trump attends a dinner with leaders from countri...
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3Feb By AdminsNo Comments

Trump’s tariffs are a $2.25 trillion gamble with the economy and prices

US President Donald Trump is on the verge of hitting America's three biggest trading partners with sweeping tariffs, a far more aggressive use of his favourite economic weapon than anything he did during his first term. The looming import taxes on Mexico, Canada and China will be a major test of Trump's unorthodox use of tariffs, which he's described as "the greatest thing ever invented". It's an enormous gamble, arguably a bigger one than any economic policy Trump enacted during his four-plus years in the White House. And this strategy has the potential to upend the thing many voters care about the most: the economy and the cost of living. President Donald Trump arrives at Palm Beach International Airport in West Palm Beach, Florida, on Friday. (AP Photo/Ben Curtis) ...
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Australia’s supermarket prices have been grilled by politicians, just don’t expect prices to drop anytime soon
18Apr By AdminsNo Comments

Australia’s supermarket prices have been grilled by politicians, just don’t expect prices to drop anytime soon

A day after Australia's major supermarket bosses were questioned about price-gouging allegations, their conduct towards suppliers and, in one case, threatened with jail time, shoppers have been warned to not expect price drops anytime soon. Woolworths chief executive Brad Banducci had the threat of being found in contempt during his fiery Senate hearing yesterday morning, before Coles counterpart Leah Weckert's far milder appearance before the same committee in the afternoon. While both CEOs discussed the importance of providing competitive prices, Swinburne University corporate governance expert Helen Bird said the hearings are unlikely to lead to any drop in prices in store – even if the explanations by the supermarkets about their pricing practices are welcome. Whil...
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