Wednesday, May 12, 2004



Weak Dollar Makes for Strong Amazon, As Intl. Sales Drive Profit and Sales Growth
Amazon reported sales of $1.53 billion for their first quarter, up 41 percent from a year ago, and net income of $111 million, buoyed considerably by the weak dollar and growing international sales. (North America comprised $847 million of sales.)

Invisible Hands & Markets: The Chain of Numbers: The mother of all spending sprees
Families will win enormous tax, superannuation and maternity benefits, delivering up to $117 a week in the biggest-spending budget ever, which the Treasurer, Peter Costello, hopes will encourage them to have more children.
"If you can have children it's a good thing to do - you should have one for the father, one for the mother and one for the country, if you want to fix the ageing demographic," Mr Costello said last night.

· The centrepiece of the budget is John Howard's long-awaited "barbecue stopper" work and family measures [Link Poached from THE BUDGET AND YOU: Economic reality mother of reinvention ]
· See Also Taxes only high by our low standards? [Link Poached from JohnQuiggin]
· See Also Ken Parish: Taxing times...