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'Bad apple' advisers remain in financial services, ASIC warns

17 March 2017 | AFR

Despite huge efforts to clean up the financial advice sector, the corporate watchdog says that so-called 'bad apple' advisers continue to work for some of Australia's largest financial institutions, with the quality of bank's background checks being called into question. 



Domino's comes under assault from the short sellers

17 March 2017 | AFR

Here's a warning for investors, or any potential buyers, in Australia's largest pizza chain, Domino's Pizza Enterprises: watch out, the short sellers have declared war on the sharemarket darling. It's going down. 

The stock that has delivered investors a total return of 3709 per cent since it listed 12 years ago, compared to a 127 per cent gain in the benchmark S&P ASX 200 index, is tipped to be the next big short.






Republican voters the biggest losers under Trumpcare health bill

15 March 2017 | The Age

Washington: To get to the White House, Donald Trump bulldozed conventional wisdom on how to win an American election, so maybe he can twist enough arms for Congress to accept the political swindle behind his Obamacare makeover.

If he succeeds, this President will surely be remembered as a political genius. But even as the White House hunkers in the face of criticism, its spokesman Sean Spicer indicated on Tuesday that some of the Trumpcare bill might be negotiable.


Work fewer hours and be happier: Greens

15 March 2017 | The Age

Greens leader Richard Di Natale believes some Australians would be better off with a four-day working week or a six-hour working day even if it meant earning less money in some cases.

This would allow people to spend more time on the things that make life worth living, such as family, sport, and volunteering.


Property investors 'materially dependent' on rent face steep rate hike

15 March 2017 | AFR

Property investors who are "materially dependent" on income generated from renting their property face steep increases to interest rates in the coming years, as banks respond to global regulatory changes that will require them to hold higher levels of capital against such loans.



Reserve Bank worried about collapse in apartment prices

14 March 2017 | The Age

The Reserve Bank is considering tighter bank lending standards amid concern about how the financial system would handle a collapse in housing prices, beginning with Brisbane apartments.

The Bank's assistant governor (financial system) Michele Bullock told a business event in Sydney that the Reserve Bank was particularly uneasy about the "looming oversupply of apartments in Brisbane in particular, and possibly in some parts of Melbourne".


South Australia announces $550m energy plan

14 March 2017 | AFR

South Australian Premier Jay Weatherill's $550 million energy plan has enraged the federal government which has labelled it confusing and "nonsense" as it seeks legal advice about whether it breaches the rules of the national electricity market.



A Girl Stands Firm on Wall Street

08 March 2017 | The New York Times

There’s currently a bronze statue of a little girl standing in front of the charging bull on Wall Street.

It really does have a great look — all the laws of mass and motion aside, you feel pretty confident the bull is going to wind up backing down. And it reminds you that while marching is important, sometimes you can make a difference by standing still.


Energy crisis: Wholesale power prices have doubled since the carbon tax was axed

08 March 2017 | The Age

A growing crisis in the electricity market has led to wholesale power prices more than doubling in a year - and rising to at least twice what they were under the much-maligned carbon price.

An analysis by the University of Melbourne's Climate and Energy College, produced for the Greens, found the average wholesale electricity price soared to $134 a megawatt hour in the summer just finished, compared with $65-$67 in the two summers the carbon price was in place.


WikiLeaks documents describe CIA spying through Samsung phones and TV sets

07 March 2017 | AFR

WikiLeaks has released thousands of documents that it said described sophisticated software tools used by the CIA to break into smartphones, computers and even Internet-connected televisions.

If the documents are authentic, as appeared likely at first review, the release would be the latest coup for the anti-secrecy organisation and a serious blow to the CIA, which maintains its own hacking capabilities to be used for espionage.





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