GJ Gardner CEO Darren Wallis - RMIT economist Jonathan Boymal - Talking Business 2012 - Ep42

Summary: Interview with GJ Gardner CEO Darren Wallis - Interview with RMIT economist Jonathan Boymal Leon and Garry discuss issues including: Obama planning his second term agenda as US employers add 171,000 jobs in October and hiring is stronger over the previous two months than first thought, pointing to a slowly improving jobs picture. The unemployment rate inched up to 7.9 per cent from 7.8 per cent in September as more workers resumed job hunts. German chancellor Angela Merkel warning that the Eurozone will take at least another five years to recover from the crippling debt crisis that has hampered even Europe's most powerful economy. This warning comes as Greek public transport and media workers launch strikes, contesting a planned new round of austerity measures needed for a creditor lifeline to the crisis-gripped and cash-strapped nation and the G20 powers warn of possible delays in Europe's anti-crisis measures and a potential sharp fiscal tightening in the United States threaten global growth The Reserve Bank of Australia (RBA) holding the official cash rate steady, marking the first time the central bank has not delivered a rate cut on Melbourne Cup day since 2005. The ANZ jobs advertisements survey revealing that the number of Australian job advertisements fell to their lowest point in more than two years in October, with weakness in all states, including those supported by the mining sector. The TD Securities-Melbourne Institute monthly inflation gauge showing that consumer prices rose by 0.1 per cent in October after a lift of 0.2 per cent in September and a 0.6 per cent gain in August. Activity in the Australian services sector has fallen falling for the ninth consecutive month, weighed down by weak consumer confidence Australia's trade deficit narrowing less than expected in September, according to data from the Australian Bureau of Statistics. Retail sales in Australia rising in September, just beating expectations, according to data from the Australian Bureau of Statistics (ABS).The data showed retail spending lifted 0.5 per cent to a seasonally adjusted $21.5916 billion in the month. Australian capital city house prices rising in the September quarter, but significantly less than forecast, according to the Australian Bureau of Statistics. The RP Data Buy Vs Rent report finding that it’s cheaper to buy than lease in a record 388 suburbs across the country. Former NSW Liberal leader Nick Greiner — tasked by Treasurer Wayne Swan in March with reviewing the carve-up of the GST — calling for a national debate about its rate and scope. Despite opposition from both federal Labor and Coalition senior leaders, pressure is increasing on Australian policymakers to reconsider the scope of the GST from the IMF. Westpac reporting that its statutory net profit fell 15 per cent to $5.97 billion, owing to a one-off tax benefit and Commonwealth Bank profit goes up 6 per cent to $1.85 billion in the three months to September 30