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What was once a river of money has turned into a trickle as the Evergrande-triggered property crisis has spooked buyers, with a mortgage uprising – sparked in June by buyers of the unfinished Evergrande project – exacerbating already crushing pressure on developers. Mortgages refused to service bank loans they took to buy their apartments and the protest movement that began with the Evergrande development has now spread to about 320 projects across China and led to central authorities setting up $64 billion to help developers complete their unfinished projects. However, if Xi Jinping wants a smooth path to an unprecedented extension of the Communist Party’s leadership for a third term, Beijing may have to engage more directly and aggressively in the crisis. Credit: AP Worryingly for Chinese authorities and banks, unpaid suppliers for the Evergrande project are also starting their own payment strikes which, if they spread as lenders’ actions have spread, would amplify the financial and

It seems that the Victorian ‘debate’ on Road User Fees (RUC) has been described by the Victorian Government as one of two positions – those who support the RUC, and those who are painted as fully accepting the need for it and how it works, and those who complain and are painted as ‘ tax evader’. Unfortunately, this reminds me of the bad past of previous federal governments targeting beneficiaries for savings through automated (and disabled) benefit accounting systems, while characterizing recipients and advocacy groups as ‘money crooks’ or their supporters. That puts me in an awkward position, because I’m both: support RUC in general and its transition to a new form to include electric vehicles (EVs) when the EV Transition itself occurs (after all, we already paid for it based on distance traveled via a gasoline per liter tax – which will disappear as fossil fuel sales decline) and both from personal experience (and reports coming in from readers of TheDriven), find RUC Victoria’s curr