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The Prime Minister's taskforce into manufacturing found that 100,000 jobs have been lost since 2008. Those companies that aren't struggling or have gone under are operating well below capacity. It concludes that Australia is looking down the barrel of imminent danger of large job losses and a loss of capabilities as the workforce shrinks. Shane Infanti is the CEO of the Australian Manufacturing Technology Institute. ... Source: abc.net.au
Three months after Australia lifted a century old ban on New Zealand apples, some Kiwi growers are pulling out of sending their produce to Australia because it's too costly. It was expected 2 million trays would be shipped across the Tasman in the first year, but now it's estimated that only about 1 per cent will make it. Not surprisingly, the Australian apple industry is happy.
The Climate Change Minister Greg Combet will deliver a major speech at the national press club this afternoon, promising most families will be better off under the carbon tax. He says planned compensation will outweigh the higher cost of living that will come with the introduction of a carbon price.