THE innovation and diversification of Californian businesses, and the rapid growth they have driven, hold valuable lessons for Western Australia's economic development, according to some of the state's leading policy minds.
This week we discuss the continuing weakness in commodity markets, and the local impacts from that, and the legal fallout from post-boom disputes, innovation and startups, Perron Group and residential home building.
The federal government seems to be preparing the public for reform with its semi-regular announcements from ministers that ‘everything is on the table', particularly since Malcolm Turnbull took the prime ministership from Tony Abbott.
Mining and debt have always been a deadly combination, especially for investors, but toss in a stiff dose of politics and you have a brew infinitely more volatile for everyone, including government.
This week REIWA members reported a significant decrease in the weekly sales to record 552 sales. The 19 per cent decrease in sales over the week is mainly attributed to a decrease in sales across house, unit and land sales of 20 per cent, 18 per cent and 16 per cent.
Canberra's aversion to pro-active, targeted spending on military hardware has diminished the nation's role in the region, and will do so in the future.
The inclusion of the family home in means testing for the age pension would be one of a number of ways to pare back a recent expansion of middle and upper class welfare, according to two recent reports.
Western Australia has experienced a complete recovery in confidence following a year of damper sentiment, given strong optimism on household spending and long term economic conditions (up 32.2 per cent and 15.7 per cent respectively).
This week we discuss Hancock prospecting, Michael Chaney, recent developments in the Pilbara and Kwinana and look at Western Australian business dynasties including one property company that has marked 120 years.
It is one of the most overused quotes of all time, but if you look at the old and the new of Western Australia's mining industry it is impossible to avoid thinking about the first words in Charles Dickens' novel, A Tale of Two Cities: “It was the best of times, it was the worst of times”.
Australia's defence capability acquisition projects have a poor historical record in terms of cost and schedule, largely due to Canberra's failure to acknowledge and support reliable industry performance.