23 million breaches!
Westpac accused of 23 million breaches by money laundering watchdog
Austrac says some of the alleged breaches by the bank include failing to properly vet transactions that could be linked to child exploitation.www.theage.com.au
Why didn’t you vote for the party with the climate change policies you wanted!!!!
Gold. I might start a GoFundMe for him.
www.news.com.au
Rate cuts have reduced income for those reliant on fixed incomes (which I believe is up to a third of the population) to the point where even the latest RBA minutes have commented on rate cuts not stimulating the economy as expected. I can recall previous statements where they stated that reducing interest rates would encourage mortgage holders to reduce their payments to the minimum and spend the extra, but this has always seemed completely irrational. I think people have instead decided that paying off debt while rates are low is more sensible, which has resulted in less discretionary spending burning retail, which will probably have follow-on effects on unemployment starting a vicious cycle.
A lot of the small business owners I know are struggling compared to previous years, and this negativity has been the theme from about late last year. There is usually a run up in sales prior to Christmas, but no-one seems particularly confident this year. Some of the Real Estate guys I know were relieved after the election as there'd been some talk that a lot would have left the industry, but the problem now seems to be a lack of stock for sale which has impacted on their ability to sell advertising, take sales commissions and fund their business. Some areas are doing a lot worse than others, so while the media is talking up rising prices as a headline average, this isn't necessarily being reflected on the ground.
As for stagnant wage growth, this seems to be by design. We appear to be hell bent on increasing GDP via immigration, whilst ignoring the obvious effect this has on per-capita GDP and reduced living standards and quality of life. Policies to import skilled migrants on a wage lower than the average essentially reduces incomes while increasing demand for health services, housing etc which are all increasing in price.
Migration Institute: $53,900 salary too high for "skilled" visas
Yesterday, the lobby group for Australia’s migration agents – the Migration Institute of Australia (MIA) – attacked the $53,900 minimum salary attached to the Coalition’s new regional visas: The Migration Institute of Australia has criticised the decision to require regional-based migrants to...www.macrobusiness.com.au
It seems you regret flip flopping, not voting labor and instead wasting your vote. As I said your in no position to whinge, you had your chance flip flop.You are correct - interest rate cuts when they get to the point we are now at are meaningless. The economy now needs fiscal stimulus not monetary, the RBA can’t pull anymore levers. To put it quite frankly, the RBA cupboard is bare.
The pressure in all this will fall on small business, big corporates can wear the tide, small business not so much. It will further empower the big companies.
Spoke to my former colleagues and they have said, business lending and home lending growth in the business market is nonexistent. People are paying back debt.
You only need to see, retail sales are barely growing, car sales are slumping, low wage growth which will stifle and strangle the economy and yet all the media focus on is house prices increasing. WTF!
But what will our economic geniuses (we know who you are) on here think.
Oh and nothing to see - and in a time where interest rates are at record lows! And as this when the Coalition has been in government for 17 of the past 23 years. And let’s partly solve the problem as a Fraudenberg thought bubble - get those over 65 retrained. My god, what will they think of next. Well done chaps.
Record household debt as RBA knuckles down to further rate cuts
Australian household debt has reached a record high just as the RBA signals more interest rate cuts to get economy growing.www.smh.com.au
www.abc.net.au
You are correct - interest rate cuts when they get to the point we are now at are meaningless. The economy now needs fiscal stimulus not monetary, the RBA can’t pull anymore levers. To put it quite frankly, the RBA cupboard is bare.
The pressure in all this will fall on small business, big corporates can wear the tide, small business not so much. It will further empower the big companies.
Spoke to my former colleagues and they have said, business lending and home lending growth in the business market is nonexistent. People are paying back debt.
You only need to see, retail sales are barely growing, car sales are slumping, low wage growth which will stifle and strangle the economy and yet all the media focus on is house prices increasing. WTF!
But what will our economic geniuses (we know who you are) on here think.
Oh and nothing to see - and in a time where interest rates are at record lows! And as this when the Coalition has been in government for 17 of the past 23 years. And let’s partly solve the problem as a Fraudenberg thought bubble - get those over 65 retrained. My god, what will they think of next. Well done chaps.
Record household debt as RBA knuckles down to further rate cuts
Australian household debt has reached a record high just as the RBA signals more interest rate cuts to get economy growing.
What drugs are you on?
SociopathAnother tone deaf comment from ScoMo.
'Something to cheer about': Scott Morrison slammed over bushfire cricket tweet
Scott Morrison has weathered backlash over a tweet saying the Australian cricket team will give fire-impacted communities and firefighters "something to cheer about".www.sbs.com.au
Hey Kirky, lets play a game, we'll call it guess what Elite's next comments to you will be...
I dunno how far back you got that quote from, but 1970 is correct. Nukes are one form of low carbon energy. You can be for nuclear at the moment or even on the fence, but if you are against them, then I don't think you quite understand the picture of replacing our fossil fuel energy supply, reducing carbon emissions and meeting a minimum EROEI and doing this all within the time required.
When you can't even interpret a basic index graph, what else can you talk about?
You got it!!! I do like the added touch of blah blah though
Another tone deaf comment from ScoMo.
'Something to cheer about': Scott Morrison slammed over bushfire cricket tweet
Scott Morrison has weathered backlash over a tweet saying the Australian cricket team will give fire-impacted communities and firefighters "something to cheer about".
