Mindblown: a blog about philosophy.
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Government considered housing tax breaks in early 2016
Despite a new Federal Government housing affordability package expected for the next budget, the impact of tax breaks in the housing market was formally examined and rejected by the Federal Cabinet as early as February 2016. The Coalition Government responded to investigations into the possibility last year by launching direct and staunch opposition to Labor’s proposals for…
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US Vice President Mike Pence to meet with Turnbull
United States Vice President Mike Pence will meet with Prime Minister Malcolm Turnbull and other government figures when he visits Australia as part of a Pacific goodwill tour next month. Pence will meet with Turnbull, Opposition Leader Bill Shorten, and Foreign Minister Julia Bishop on April 22nd as Pence seeks to heal the damage done…
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United Petroleum workers underpaid says Fair Work Ombudsman
United Petroleum has been blasted by the Fair Work Ombudsman after it has been revealed that they had underpaid almost 50 of their workers across a number of their outlets. The Fair Work Ombudsman has released a report which revealed that more than 40% of the United Petroleum outlets audited were underpaying employees. “Five outlets…
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ACCC takes Apple to court over repair warranties
The Australian Competition and Consumer Commission (ACCC) has begun legal proceedings against Apple over claims that the conditions of customers’ warranties were misrepresented by the software giant. An update to the software used for Apple products has caused some iPhones and iPads to become disabled after downloading the iOS update, which became known as “error 53”.…
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Iron ore price drop would leave Australian miners at risk
Small-scale junior iron ore miners in Australia could face serious damage to their portfolios if prices drop in the near future. In a market that is known to be highly cyclical, a recent downturn in iron ore prices after a quarter of sustained growth is a cause for concern to the smaller mining operations, such…
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Fairfax is cutting $30 million from newsrooms
Capital city newsrooms owned by Fairfax are suffering from restructuring changes as the company attempts to save $30 million per year. However, these costs are not staff related and will focus instead on editorial operations to get the savings that are needed. The media group is implementing changes through a ‘process of consultation’ across the Sydney Morning…
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Australian consumer confidence is at an all time low
Consumer confidence is at an all time low within Australia, as consumers grow increasingly worried about low wages and high costs of housing and living, according to ANZ. The ANZ-Roy Morgan Consumer Confidence Index fell 2.4% to a level of 111.1 points in the week ending April 2, remaining just above the 100 level separating…
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The Mac Pro is finally getting an overhaul
The Mac Pro was Apple’s answer to converting PC fans to the brand. After its fairly unheralded release in 2013, the Mac Pro is getting a much needed upgrade. The Mac Pro was released and then Apple did nothing with it, leaving fans who wanted to convert to Apple confused. It was the answer to…
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Rio Tinto hit with $447 million tax bill
Mining giant Rio Tinto has been hit with a $447 million tax bill by the Australian Tax Office (ATO). The London based company released a statement last night which revealed that they had been hit with the massive expense. “The Australian Commissioner of Taxation has issued amended income tax assessments to Rio Tinto for the…
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Tesla stock is worth more than Ford
Tesla stock has stunned the stock market by overtaking the 115 year old company Ford in stock value. Tesla’s market cap was US$47.46 billion (AUS$62.5 bn) yesterday, whereas Ford’s market cap decreased to US$44.89 billion (AUS$59 bn). This sudden drop in Ford value is due to recent bad news announced by the company, which contrasted Tesla’s good news. Tesla reported an…
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