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To finance. And as the Federal Government contemplates1 further assistance for the car industry, a new report out today is calling for an end to industry subsidies2.
The Committee for Economic Development of Australia says there needs to be an urgent overhaul3 of the tax system to boost productivity.
“We need a national productivity policy that covers not only tax reform, but also looks at things like infrastructure4 and education. I mean we are saying as well, but there needs to be a very careful examination as to whether subsidies for those industries are not contributing to Australia's economic well-being5, should in fact continue into the future. But these are big picture issues. These are issues which the Commonwealth6 government needs to display some leadership on. "
Steve Martin there.
To the markets.
And the Dow has dropped 15 points. The Nasdaq has risen 6. The S&P 500 is steady. In London, the FTSE is 17 points lower.
Look at commodity prices.
West Texas Crude is trading at 93 US dollars a barrel. Tapis is at 114. Gold is worth 1311 US dollars an ounce.
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1 contemplates | |
深思,细想,仔细考虑( contemplate的第三人称单数 ); 注视,凝视; 考虑接受(发生某事的可能性); 深思熟虑,沉思,苦思冥想 | |
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2 subsidies | |
n.补贴,津贴,补助金( subsidy的名词复数 ) | |
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3 overhaul | |
v./n.大修,仔细检查 | |
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4 infrastructure | |
n.下部构造,下部组织,基础结构,基础设施 | |
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5 well-being | |
n.安康,安乐,幸福 | |
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6 commonwealth | |
n.共和国,联邦,共同体 | |
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7 sterling | |
adj.英币的(纯粹的,货真价实的);n.英国货币(英镑) | |
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