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Australians want government to address their basic needs

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Australians emphasise living standards, long-term well-being, and direct government services.

The Centre for Policy Development has unveiled its highly-anticipated multi-year survey, the “Purpose of Government Pulse,” offering fresh insights into the Australian public’s perspectives on government objectives, priorities, and performance.

The survey, spanning the years 2015 to 2023, has been publicly released for the first time, revealing intriguing trends in Australian attitudes toward governance, with new data from December 2023.

Notable shift

The findings of the report suggest a notable shift in Australians’ expectations from their government.

The majority now prioritise a government that ensures a decent standard of living and makes decisions centered on the long-term wellbeing of the population.

33% of respondents now view the government’s primary role as guaranteeing a decent standard of living, a sharp rise from the previous 17%.

This shift reflects the growing demand for government intervention to address issues affecting the wellbeing of citizens, such as cost of living pressures and soaring interest rates.

Effective government

As economic challenges continue to impact families and communities, the report indicates that Australians increasingly seek proactive and effective government involvement in resolving these challenges.

The emphasis on wellbeing is further highlighted by the fact that 80% of Australians surveyed believe that the government should prioritise the wellbeing of the population above other considerations in decision-making, marking a 10-percentage-point increase since October 2021.

With healthcare, education, and employment services at the forefront of public concern, Australians also express a preference for the government to take a more active role in delivering these essential services, rather than outsourcing them to the private sector.

When asked about the importance of the government maintaining the capability to directly deliver public services, instead of relying on outsourcing, a resounding 87% of Australians stated that it was either somewhat or very important.

This trend aligns with previous survey results and highlights a sustained shift in public sentiment, which has become more pronounced since the onset of the COVID-19 pandemic.

Active role

CEO of the Centre for Policy Development, Andrew Hudson, commented on the findings, stating that they reflect a growing sentiment among Australians for the government to play a more active role in addressing their needs.

“Australians want their government to be involved in ensuring they are afforded a reasonable standard of living – that they have a job, can afford a home, can support a family. CPD’s survey reveals Australians are not content with government being a hands-off supervisor or regulator,” Hudson remarked.

Hudson further emphasized the shift towards prioritizing long-term wellbeing and environmental considerations over solely focusing on GDP growth.

“We have seen public capability decline over decades, with service delivery being increasingly outsourced. This has created a hands-off, market-driven system in critical service areas, particularly social security, welfare, employment, and migration services,” Hudson noted.

“Recent inquiries into employment services, robodebt, and our migration system have revealed the shocking shortcomings of this hands-off approach,” he added.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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Tech stocks slide as investors rotate into small-cap and value plays

Nasdaq drops 1.84% amid turbulent week; investors pivot to cyclical and value sectors from high-growth tech.

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Nasdaq drops 1.84% amid turbulent week; investors pivot to cyclical and value sectors from high-growth tech.

U.S. equity markets wrapped up a turbulent week with mixed results. The Nasdaq Composite fell 1.84%, marking its worst week for large-cap technology stocks since November, while the S&P 500 remained largely unchanged. Investors are weighing concerns about artificial intelligence and potential overinvestment in high-growth areas.

Meanwhile, smaller-cap and value-oriented stocks continued to add to their year-to-date gains. Market participants rotated into cyclical sectors that had lagged, reflecting a shift in investor sentiment and appetite for risk outside the traditional tech heavyweights.

Analysts say this rotation highlights the broader market’s evolving dynamics, as growth concerns collide with opportunities in underappreciated areas. Stay tuned for further developments as the market digests these trends.

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U.S. markets mixed as tech slumps and Fed moves spark uncertainty

Mixed US equity results as tech stocks drop; market uncertainty rises amid Fed Chair change. Join Steve Gopalan’s insights on FX trends.

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Mixed US equity results as tech stocks drop; market uncertainty rises amid Fed Chair change. Join Steve Gopalan’s insights on FX trends.


US equity markets posted mixed results as technology stocks fell, reflecting growing concerns about AI disruptions. The delay of key labour data has added to market uncertainty, especially with President Trump’s recent appointment of Kevin Warsh as Fed Chair.

Steve Gopalan from SkandaFX joins us to discuss how these shifts could influence monetary policy, corporate FX strategies, and the broader financial landscape.

We also dive into FX trends, euro-area inflation signals, and Australian dollar movements, exploring what these developments mean for investors worldwide.

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#USMarkets #TechStocks #FedPolicy #FXTrading #AIImpact #LabourMarket #CurrencyTrends #InvestingInsights


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Tech stocks and Bitcoin tumble amid market uncertainty and rising job concerns

Wall Street plummets as tech stocks and Bitcoin fall, raising concerns about job market and economic stability.

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Wall Street plummets as tech stocks and Bitcoin fall, raising concerns about job market and economic stability.


Wall Street took a sharp hit Thursday as technology stocks and Bitcoin plunged, reigniting worries over the job market and global economic stability. Kyle Rodda from Capital.com breaks down how Alphabet and Qualcomm’s earnings may signal broader tech weakness.

Bitcoin’s recent drop also rattled crypto markets, with Coinbase shares falling sharply. Rodda explains how much of the decline is driven by market fundamentals versus shifting investor sentiment, and how rising AI expenditures are affecting investor confidence in tech.

The surge in unemployment claims, coupled with falling bond yields, is prompting concern over overall market stability.

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#WallStreetCrash #TechStocks #BitcoinDrop #MarketVolatility #JobMarket #InvestingTips #CryptoNews #Ticker


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