Mercedes


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Scott Morrison makes the case for negative gearing change

12 April 2017 | The Age

It's hard to decide which was more impressive: the case Treasurer Scott Morrison made to the Australian Housing and Urban Research Institute for changing our negative gearing rules, or the contortions he subsequently performed to deny any need for changing negative gearing. 


Wells Fargo sets new standard in forcing bankers to cough up

12 April 2017 | AFR

Wells Fargo used to be the exemplar of a what a successful retail bank should look like, with financiers around the world marvelling at its ability to expand its market share by aggressively "cross-selling" its range of banking products.

Now it's become the gauge for the type of penalties bankers can expect to pay for misbehaviour.





I looked at hundreds of millennials' CVs and this is what I learned

11 April 2017 | ABC

Over the last month and a bit, I've been recruiting. In February, RN advertised for six digital producers. Two of them were on my team, and I received more than 260 applications.

"Digital producer" could mean a lot of things, but for us it meant journalists with multimedia skills — and virtually everyone who applied was between 18 and 30.

 


Private hearings ‘a risk to ICAC’s existence’

11 April 2017 | The Australian

Gary Sturgess, the architect of the Independent Commission Against Corruption, has warned that making hearings private would bring its future into question, but says there is widespread support for measures to limit damage to reputations arising from its hearings.


May budget: Axe hovers over government's $648.5 million work-for-the-dole program

11 April 2017 | SMH

The Turnbull government's powerful expenditure review committee has discussed axing one of Tony Abbott's first major policy achievements, the work-for-the-dole program.

But a group of backbench MPs have lobbied Treasurer Scott Morrison as part of a rearguard action to save it, with one describing work for the dole as "red meat for the base" and warning that axing it would infuriate the party's conservative supporters.


Too many stuff-ups about to put economic reform into reverse

10 April 2017 | The Age

I have bad news and worse for advocates of micro-economic reform. First, the jig is up. There'll be few if any further major reforms. Second, the backlash against mounting wreckage from failed reforms is about to begin.

Since the reform push has degenerated into little more than business rent-seeking – let's cut tax on business and increase it on consumers; let's push the legislated balance of power in industrial relations further in favour of employers – it's neither surprising nor regrettable that voters have called a halt.


How to qualify for a super pension

10 April 2017 | AFR

From July 1 starting a superannuation pension by retiring will become an increasingly popular strategy as individuals seek to leave transition to retirement pensions, or transition to retirement income streams (TRISs).

This is because from that date a TRIS will no longer be tax-free, while assets supporting an account-based pension, which is typically harder to get, will continue to be exempt from earnings tax.

 


BHP drives ASX to two-year high

10 April 2017 | AFR

News that BHP Billiton is being urged by an activist US hedge fund to demerge its petroleum arm sent the miner's shares soaring in late trade and pushed the benchmark index to a two-year high.

Elliot Management, which holds about 4.1 per cent of BHP's London-listed shares, proposed unifying BHP's dual-listed company structure into a sole Australian entity and separately listing the miner's US petroleum business on the New York stock exchange. 




Loan limits firm up Australia's AAA rating but risks remain: Moody's

10 April 2017 | AFR

Australia's prized AAA credit rating could be firmed up by the prudential regulator's moves to target interest-only loans, according to Moody's, but the credit ratings agency remains concerned that elevated household debt may amplify economic risk if housing markets turn sour.



America owes China $1tn. That’s a problem for Beijing, and Trump knows it

09 April 2017 | Guardian Australia


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