Category: News
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JobFaker: Grants Aussies Under 35 Jobs, Leaves Older Gen Jobless
Under the Government’s JobMaker Hiring Credit 450,000 jobs will be proffered to young people and an upshot of Aussie over 35 will be penurious, hapless and jobless. The scheme will provide employers, who hire workers aged 16-30, $200 per week and only $100 per week for any workers aged 30-35. For employers to be eligible,…
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US: Hurricane Delta to Rip Thru Louisiana and Northern States
Less than two months after Hurricane Laura, Hurricane Delta, ripped through Mexico’s Yucatan Peninsula on Wednesday, is expected to worsen and hit Louisiana, Arkansas, Tennessee, Alabama, Kentucky and Indiana. The hurricane watch was issued for parts of the coast from High Island, Texas, eastward to Grand Isle, Louisiana, and a storm surge watch is in…
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The Federal Budget 2020-21: What you need to know before it’s announced
The Morrison government will announce perhaps the most significant federal budget within the last few decades, hoping to re-stimulate the Australian economy. The annual event is set to take place on Tuesday night, with treasurer Josh Frydenberg taking centre stage to address the government’s plans for a post-COVID-19 recovery. Prime Minister Scott Morrison said in…
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Australian Universities Face Crisis over Funding Reforms and Loss of Revenue
Australia’s university sector is facing turmoil due to severe revenue losses and government reform of tertiary funding. The University of Melbourne’s Centre of Higher Education has found that Australia’s public universities have collectively lost approximately $3.8 billion dollars in revenue. The dramatic reduction in international student enrolments and hardship caused by COVID-19 has been attributed…
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Westpac to Pay Largest Fine in Australian Corporate History
Westpac has agreed to pay AUSTRAC (the Australian Transaction Reports and Analysis Centre) $1.3 billion in fines, the largest in Australian corporate history. The penalty was incurred after AUSTRAC found that Westpac had committed more than 23 million violations against anti-money laundering and counter-terrorism laws. CEO Peter King commented in a statement that the bank…
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Archibald 2020: Originality is The New Banality
The Archibald competition is Australia’s crowning glory for art. Though this year’s finalists have featured unabashedly expressionless and commonplace portraits. The competition is an annual exhibition eagerly anticipated by artists and audiences alike that is awarded to the best portrait, quintessentially a distinguished laureate, painted by any Australasian artist. This year’s competition featured a panoply…
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Jobseeker Cuts Could See 145,000 Jobs Lost and Slow Recovery
Cuts to the Jobseeker subsidy could result in the loss of 145,000 jobs and a significant delay in economic recovery according to Deloitte. The Deloitte Access Economics report commissioned by the Australian Council of Social Services (ACOSS) illustrated that the reduction of Jobseeker could cost the Australian economy $31.1 billion over the next two years.…
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Lockdown Loonies: The Anti-Lockdown Trend in Australia
Since the beginning of the pandemic, there has been increasing resistance in Australia against the government’s coronavirus regulations. Recently, a Melbourne anti-lockdown protest resulted in 15 arrests with protesters chanting “Freedom” in response to the stage four restrictions. It’s a trend gaining traction as more Australians rebel against government advice to regain their freedom. According…
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Remembering 9/11 – 19 Years On.
Today marks 19 years since the 9/11 attacks committed against the United States by terrorist group al-Qaeda which resulted in the devastating loss of 2977 people’s lives. The attacks involved the hijacking of four passenger airlines, which were then directed at prominent United States’ buildings; two of them directed at the World Trade Centre in…
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How Jobkeeper 2.0 Will Impact You
The legislative reforms to the Jobkeeper scheme were officially passed in the senate last week, ensuring that Jobkeeper 2.0 will commence on September 28. The scheme has provided a lifeline to 3.5 million Australians since its launch in March. These changes will see a dramatic reduction in the subsidies eligibility and payment amount. Here is…