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2008 June 07 Archives - News Weekly

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TRADE PRACTICES ACT: Will Liberals back Labor or small business?

Patrick J. ByrneJun 7, 20085 min read

Labor is threatening to emasculate the Trade Practices Act’s powers to curb predatory pricing.If the Liberals don’t oppose Labor’s bid to emasculate the Trade Practices Act (TPA), they risk losing major support from Australian small businesses.The Coalition passed the Birdsville Amendment, just prior to its defeat in the 2007 federal election. The amendment was designed to give teeth to the TPA to curb…

OVERSEAS TRADE: US farm bill buries talk of free trade in agriculture

Patrick J. ByrneJun 7, 20085 min read

Why is it economically sound for the US to bail out financially embarrassed banks, but wrong for the US to help struggling farmers?The world’s central bankers have been applauded for handing out unprecedented subsidies to the financial markets after the sub-prime collapse, but subsidies to US, EU and Japanese farmers are being roundly condemned.As the sub-prime mortgage market collapse progressed, US Federal Reserve…