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Economics

Oil slide, CEO pay and that "income recession"

But nah, Australia is doomed! We're already in an "income recession" and wishing ourselves into that formal definition of one - two consecutive quarters of production contraction.

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Read more: Australia,  Westpac,  Nine Entertainment CEO David Gyngell,  Economics,  AAA,  Australian Institute,  Australian Institute of Petroleum,  BOE,  China,  Europe,  Feb 2013,  Fed,  India,  Irene,  Japan,  Kelly,  NAB business confidence index,  National Metropolitan Retail Petrol Prices,  News Corp Australia,  News Corp head honcho Robert Thomson,  November,  Oct 2013,  OPEC cartel,  Petroleum,  Queensland,  The Australian,  theguardian.com,  Us,  Western Australia,  Xmas,  Yes Virginia