Budget Day is all about short-term changes to catch the eye while ignoring longer-term plans to address bigger picture

EACH year on Budget Day I ask a similar question — why do we cram so many economic changes into a single day?

Just a few issues catch sufficient media and public attention to get proper scrutiny, but the rest just goes by in a blur.

Finance minister Paschal Donohoe and Public Expenditure minister Michael McGrath

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Finance minister Paschal Donohoe and Public Expenditure minister Michael McGrathCredit: PA:Press Association

The Government’s insistence on increasing carbon taxes “per ton” is

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luxury properties 5 times bigger than London, for the same price? Chinese investment in UAE hits an all-time high thanks to Belt and Road Initiative



a row of blue water: Emaar Beachfront Dubai is a new high-end area with its own mall and marina in the emirate of Dubai, UAE. Photo: Luxuryproperty.com


Emaar Beachfront Dubai is a new high-end area with its own mall and marina in the emirate of Dubai, UAE. Photo: Luxuryproperty.com

Traditionally, the United Arab Emirates (UAE) was not a likely destination for Chinese property investment – until it emerged as a regional hub for the Belt and Road Initiative (BRI).

According to a report by Savills, China spent US$71.1 billion in the Middle East between 2014 and 2017

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No standalone aid for airline industry without bigger stimulus deal

House Speaker Nancy Pelosi said Thursday there could be no action on a stand-alone bill to aid airlines or any other sector of the economy without an agreement with the White House and Republicans on a broader economic stimulus package.

Pelosi’s remarks at a news conference at the Capitol suggested that there would be no quick resolution of the standoff over aid to the U.S. economy even as there are

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Air travel industry facing bigger hurdles today than post-9/11, expert says

DENVER — Before Sept. 11, 2001, the Transportation Security Agency didn’t exist. At Denver International Airport, you could still meet arriving passengers at their gates. But in the days following the attacks on the World Trade Center towers, airline travel forever changed.

Jeff Price, a former Assistant Security Director at DIA, remembers the unprecedented closure of U.S. airspace and the grounding of commercial flights in the days after the attacks.

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Australia Needs a Bigger Budget Deficit for Faster Recovery From Pandemic: Deloitte | Investing News

SYDNEY (Reuters) – Australia’s conservative government will need to embark on a more aggressive spending plan to power the country’s virus-stricken economy and boost employment when it unveils its budget next week, Deloitte Access Economics said on Monday.

Deloitte forecast a budget deficit of A$198.5 billion for the current financial year-ending June 2021, A$14 billion higher than the Treasury forecast in July, assuming no new fiscal policies are announced on

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UW athletic department finishes budget cycle with deficit, anticipates bigger losses to come | Local Education

Significant losses also included the cancellation of the NCAA basketball tournaments in March along with smaller events at the Kohl Center, including concerts and the state high school basketball tournament. Concessions and catering revenue were also under budget.

Barnes said the university was able to save about $3.5 million in salary and wage fringes by making adjustments early on in the pandemic, including a hiring freeze on unfilled positions. Athletics

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