Mindblown: a blog about philosophy.
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Loan options diversify for small businesses
Getting a loan for a small business has been difficult in recent years since the GFC. However, the options for business loans, especially for small businesses, have diversified. With increased loan options, an awareness of strategies to use with banks, and access to investors, your chance of getting a loan to start, grow, or even…
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Australia’s astronomy upgrade set to soar for early next year
Australia is set to be part of a ground-breaking astronomy deal that will see Australia partner with European Southern Observatory to have access to the best technology and equipment. The partnership will be for a 10 year period and the investment is a whopping $129 million. The collaboration will start next year and hopefully take…
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Cigarette company Philip Morris to pay millions
Cigarette company Philip Morris has been ordered to pay millions of dollars in legal fees to the Federal Government. The decision follows the six-year long legal battle over the plain packaging laws implemented by the Gillard government in 2o11. Phillip Morris, the manufacturer of Marlboro and Longbeach cigarettes, argued that the laws should be invalidated…
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Domino’s to cut costs with smaller pizzas and Pepsi
A report commissioned by Deutsche Bank has revealed that Australian company Domino’s Pizza Enterprises are introducing smaller pizzas in an attempt to cut costs. During a briefing on Thursday, analyst Michael Simotas said: “Domino’s is planning to reduce the size of its pizzas to provide additional cost relief.” The strategy would be trialled ahead of the…
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Reserve Bank could raise interest eight times in two years
A former board member of the Reserve Bank of Australia has warned that interest rates could be raised up to eight times in the next two years, pushing mortgage costs through the roof and threatening the regained stability of Australia’s economy. John Edwards made the claim in a paper written for the Lowy Institute, an…
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Microsoft blames Ukrainian tax software for Petya cyber attack
The global cyber attack, presenting itself as a ransomware virus known as ‘Petya’, that has struck numerous multinational corporations in the last 24 hours, and threatened the destruction of their data, is being attributed to faults in a Ukrainian tax software package. The software, provided by Ukrainian developers MeDoc, has been identified by cyber security firms,…
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Amazon set to hit Australian shores at the end of 2018
Amazon is due to hit Australia, but not anytime soon. The Seattle-based online retailer is expected to launch in Australia by the end of 2018. Although it will take some time to arrive, the one-stop online shop for consumers has grander ambitions in Australia than previously expected. Brittain Ladd, Amazon’s former global logistics manager, has revealed that…
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Senate committee says Centrelink was ‘set up to fail’
Centrelink’s controversial automated debt recovery service has fundamental flaws in its infrastructure and should be suspended until they have been addressed, according to a Senate committee dominated by the Labor and Greens parties. The Senate Standing Committee on Community Affairs has claimed that the system has had a “profoundly negative impact on the lives of…
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Treasurer aims to protect Australians from excessive debt
Federal Treasurer Scott Morrison has announced his intention to change the way credit cards work in order to stop Australians running up excessive debt. In a statement, Mr Morrison announced a raft of changes that would protect Australians from excessive debt, such as greater assessment of repayment ability for card applicants, a ban on unsolicited credit limits increases,…
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Netflix may be forced to feature more Australian content
Popular streaming services like Netflix, Stan, and Amazon Prime could be forced to feature a certain amount of Australian-made content. An inquiry was made by the Department of Communications to instigate a review which will ensure that homegrown entertainment gets the support and the audience it requires. Currently Australian free-to-air television networks are required by legislation to…
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