As Australian as you can get
Asahi Breweries to buy P&N Beverages
TOKYO - Japan's Asahi Breweries Ltd has bought closely held fruit juice maker P&N Beverages for $364 million, making it Australia's second biggest soft drinks maker.
>> Read more at the Business Spectator website
Golden Circle "Cheating public"
The Australian Competition and Consumer Commission (ACCC) says Golden Circle has cheated the public into believing it is Australian owned. The Brisbane-based company has been selling products marked "proudly Australian owned" more than a year after it was bought by US food giant Heinz.
>> Read more at the ABC News website
Foreign ownership of agricultural assets
The Chinese Government is buying Australian farms and Australian law offers no avenue to stop it, says Liberal Senator Bill Heffernan. The Foreign Investment Review Board only reviews sales when the selling price is more than $230 million.
Senator Heffernan told Parliament last week that James Cook University Director of the Centre for AusAsia Business Studies, Professor Zhangyue Zhou, said the Chinese Government was aiming to acquire land for its own food security.
>> Read more at the Weekly Times website
It's the great disappearing act. Our skills, machinery, companies, products, homes and significant parts of our land are being sold off at a rapid rate. Most people prefer to buy Australian, but it's often impossible to tell dinky-di goods from imported ones because our government allows confusing labelling.
>> Read more at the Today Tonight website, or view the video
New Industries Need To Employ Australia's Working Underclass
The loss of secure, well-paid manufacturing jobs to low-wage countries, the casualisation of work and soaring house prices are having a detrimental effect on family life for many young Australians.
When leading social analyst, Dr Bob Birrell of the Monash University Centre for Population and Urban Research, undertook a detailed study the 2001 Australian population census statistics on unemployment and underemployment in Australia, he found that among young men 25-39 years old: 29 per cent were not in full-time work, living on less than $31,000 per year; and another 12 per cent were in full time work and also living on less than $31,000 annual income.
>>Read more at the Ausbuy website
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