How green are the shoots?

June Quarter retail sales are up 1.4% over the preceding quarter, the best June Quarter since 2012.
Apparently strong retail growth this last Quarter

The Reserve Bank of Australia (RBA) seems to expect both employment and consumer spending to continue their recent growth rates. Is this realistic???

The RBA released its August Statement on Monetary Policy. The most important aspects of the Statements are the Bank’s growth, inflation and unemployment forecasts.
The forecasts are predicated on two key assumptions. Firstly that the exchange rate will remain unchanged from the current spot level throughout the forecast period (out to December 2019), and secondly that interest rates will broadly follow market pricing.

The Reserve Bank expects recently-strong employment growth to persist into 2018, with the unemployment rate expected to fall to 5.4% by the end of 2019. It also suggests that “wage growth is expected to pick up gradually over the next few years”. However other countries with full employment, including the US, are not seeing wage growth. Add to this the prospect in Australia, of a softening of the rampant housing-price increases in NSW and Victoria, consumer spending may be less likely to grow as much as the RBA is forecasting.

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Presentation to Innovative Researchers

Steve was recently invited to present to a regular weekly class at the Centre for Entrepreneurial Research and Innovation. The Centre coaches successful researchers to assist them to commercialise their most innovative research and use it to seed a rapid-growth enterprise.

The presentations provided tips on Engaging with New Customers and on Pitching to early-stage Investors, including Angel Investors like the Perth Angels in which Steve is a member of the Board and actively involved in screening new proposals for investment.

 

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US jobs grow, but not wages (yet)

 

Improving opportunities in the job market appear to be slowly pulling Americans off the economy’s sidelines. PHOTO: JOE RAEDLE/GETTY IMAGES

From WSJ, 7 July 2017, by Jeffrey Sparshott

U.S. employers are churning out jobs unabated as the economic expansion enters its ninth year, but the inability to generate more robust wage growth represents a missing piece in a largely complete labor recovery.

U.S. employers added a seasonally adjusted 222,000 jobs in June, the Labor Department said Friday, and the unemployment rate rose slightly to 4.4% with more people actively looking for work.

The U.S. has added jobs every month since October 2010, a record 81-month stretch that has absorbed roughly 16 million workers and slowly repaired much of the damage from the 2007-09 recession. The unemployment rate touched a 16-year low in May and the number of job openings hit a record earlier this year…..

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Intellectual-Property Disputes

Lieblich & Associates has been selected for inclusion on the register of accredited mediation service providers to be established by Australian-Government Agency: IP Australia, to resolve intellectual-property disputes, as part of its Mediation Referral Service.

Australian Government Agency, IP Australia will be establishing a domestic intellectual property (IP) Mediation Referral Service where IP right holders will be able to access mediation as a low cost and effective alternative to resolving IP related disputes.

The service will:

IP Australia provides a guide to resolving a dispute over infringement of  intellectual property (IP) rights, including a suggestion that an Alternative Dispute Resolution (ADR) professional can act as a mediator between the parties involved.

Lieblich & Associates will be included in the published list of accredited mediation service providers. We look forward to helping YOU resolve your disputes.

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Dispute Resolved by Mutual Consent

Steve was appointed by The Electrical and Communications Association, to adjudicate a payment claim dispute between a Contractor and his Subcontractor on a major infrastructure project. Steve had jurisdiction, under the Construction Contracts Act (WA) 2004 (as amended in 2016), to determine the matter for the parties. However, it was resolved, and Steve made a Determination, in accordance with terms that were mutually agreed by the parties.

Consensual resolution preserves commercial relations

It’s our firm belief, and our policy, at Lieblich & Associates, that parties should resolve their differences by mutual consent, if possible. We successfully encourage and facilitate such mutual resolution of a large proportion of disputes referred to us, even when the reference provides authority and jurisdiction, by statute or by prior contractual agreement, that Steve determine the matter as an arbitrator or an adjudicator.

Successfully encouraging the parties to arrive at a consensual resolution, saves time and cost, and most importantly, it increases the prospect that the parties may preserve their commercial relations and continue to trade.

 

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Domain Name Dispute Determined

Steve was appointed to determine a dispute between a party that had registered a xxx.au Domain Name and another party that claimed predominant rights to that particular Domain Name.

The process is a rapid adjudication, in accordance with a dispute resolution process (auDRP) prescribed in the terms of the license to use that Domain Name. The purpose of the auDRP is to provide a less expensive, faster alternative to litigation for the resolution of disputes between the registrant of a .au domain name and a party with competing rights to the domain name.

Steve was one of a panel of three adjudicators, which determined the matter within a few weeks.

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