Category: News
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Shorten’s take on the 2016 budget
Opposition leader Bill Shorten has recently provided a rebuttal against Turnbull’s proposed 2016 budget as announced this week. Shorten did not hold back in his criticisms of the current prime minister, claiming that the PM’s budget caters only to the top few or, as Shorten puts it, “Malcolm’s Millionares”. According to Shorten, this budget prioritises big…
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Cash Converters in Trouble in Queensland
Cash Converters has hit another bout of difficulty with a $17 million class action lawsuit being filed against them in Brisbane this week. This follows the previous lawsuit they faced last year in New South Wales, where they were ordered to play $23 million to over 35,700 customers. The company is accused of charging interest rates…
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How the Budget affects you
Announced Tuesday night, Scott Morrison and Malcolm Turnbull’s budget is on the tip of everyone’s tongue. The budget shows that Australia will continue in deficit over the next four years, yet also asserts that Australia is growing rapidly. If you’re not sure how the budget affects you or your business, here’s a breakdown of the impacts…
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WATCH: Obama ponders his next career move
US President Barack Obama has starred in a hilarious spoof video where he ponders what life will be like when he finishes up his second term of presidency. Although it’s hilarious, it does have some advice about the importance of taking some downtime. It doesn’t look like Obama’s will last long though – his professional…
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Aussie Dollar has biggest fall in five years
The Australian dollar has experienced a loss of 2.34% against the US dollar in a single day. This is the largest percentage loss in one day since September of 2011, almost half a decade ago. At 7am this morning, the Australian dollar was trading for US74.85c, its lowest level in seven weeks. The significant fall…
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WATCH: Waleed Aly hits the nail on the head about negative gearing
There’s no secret that the property prices in Sydney are exorbitant, and makes it almost impossible for new homeowners to break into the housing market. On The Project, Waleed Aly as per usual sums it up in a great 6 minute video. https://www.youtube.com/watch?v=cCF8P1jJOsc
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Superannuation not so super for women
A senate inquiry into Women’s Economic Security in Retirement has found that men on average retire with double the superannuation savings of women. With the gender pay gap at an all time high of 18.8%, it comes as no surprise that women’s futures are also threatened by gender bias. Research done by the Workplace Gender…
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NSW is Australia’s strongest economy
CommSec has released its latest State of States Report, which names NSW as Australia’s top performing economy. The quarterly report analyses eight key economic factors in each state: economic growth, retail spending, equipment investment, unemployment, construction work done, population growth, housing finance and dwelling commencements. NSW has the strongest scores on population growth, retail trade,…
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Nissan recalls millions of cars
Japanese automotive company Nissan is recalling more than 3.8 million vehicles due to a fault in the passenger side airbag. The global recall comes after the automotive company admitted that it knew of numerous collisions where the airbags did not function properly. The widespread fault is in the sensor that registers whether the seat is occupied…
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Nurofen fined $1.7 million for misleading consumers
The company that sells Nurofen, Reckitt Benckiser, has been fined $1.7 million by the Federal Court for misleading Australian consumers about their pain relief products. The Nurofen Specific range are advertised to specifically target various types of pain including back, period, migraine and tension headache pain. It was argued that despite the packaging and marketing, the products…