I’ve recently written a post on the details of the economic stimulus package and the eligibility of it. Something I didn’t cover which I would assume a lot of parents would be wondering was whether your child who is a minor (under 18 years old) is eligible for this as well. Well, I’ve saved you…
Read More Australia’s Economic Stimulus Package – Tax Bonus for Minors, Children, Students under 18The Rudd government signed off on a $42 billion dollar stimulus package in February 2009 with hopes of reviving and encouraging long term economic growth in Australia. In the wake of a global recession, Australian tax payers will be getting a tax bonus payment from the government to help struggling low to middle income earners…
Read More Australia’s Economic Stimulus Package – Tax Bonus PaymentFor some reason I’m quite intrigued by the oil prices and how the economy reacts to it. From my previous posts on oil price fluctuations, you can see that it was during mid July this year that prices peaked at US$147.50 per barrel. The current oil prices are below US$50 per barrel now, at US$48.77…
Read More Oil prices continue to spiral downwardsI’m very upset at the Australian dollar plummeting in a blink of an eye. From reaching heights of US$0.98 in July to now closing just below US$0.68, the Australian dollar has lost 30% in value in under 3 months. Imagine if you’ve invested $1 million into the US dollar few months ago and sold out…
Read More Economic Turmoil in the US and Australia