CNBC – Sat, Apr 25, 2015 2:05 AM AEST If our oceans were considered a country, their worth would outshine the likes of Russia and Brazil's economies, according to a new report. The world's oceans are worth $24 trillion and generate $2.5 trillion in goods and services annually, making it ... Read more
Interest Rate Drop Today — 3rd February 2015
Statement by Glenn Stevens, Governor: Monetary Policy Decision At its meeting today, the Board decided to lower the cash rate by 25 basis points to 2.25 per cent, effective 4 February 2015. Growth in the global economy continued at a moderate pace in 2014. China's growth was in line with ... Read more
Statement by Glenn Stevens, Governor: Monetary Policy Decision
Media Release Number 2014-18 Date 7 October 2014 At its meeting today, the Board decided to leave the cash rate unchanged at 2.5 per cent. Growth in the global economy is continuing at a moderate pace. China's growth has generally been in line with policymakers' ... Read more
The 8 biggest myths about rich people
September 30, 2014, 12:49 pm US News & World Report Yahoo7 Finance Here are eight stereotypes about rich people and names you know who break the mold. When we see rich people, either in our daily lives or in the media, we have assumptions about them. The markers of wealth ... Read more
RBA Comments on No Rate Change —5th August 2014
The RBA has left rates unchanged today and here are the comments below for your perusal and interest: Media Release Number 2014-12 Date 5 August 2014 Embargo For Immediate Release Statement by Glenn Stevens, Governor: Monetary Policy Decision At its meeting today, the ... Read more
Government announces a ban on commissions in general advice –FPA
Friday 20 June 2014 Minister Mathias Cormann has today announced the Government’s response to the Senate Economics Legislation Committee report into the Bill to amend the FoFA laws. The Minister has confirmed the Government’s commitment to proceed with the amendments to FoFA, but has also ... Read more
Did Hyman Minsky find the secret behind financial crashes? —BBC NEWS Magazine
American economist Hyman Minsky, who died in 1996, grew up during the Great Depression, an event which shaped his views and set him on a crusade to explain how it happened and how a repeat could be prevented, writes Duncan Weldon.Minsky spent his life on the margins of economics but his ideas ... Read more
How generous are Australian work conditions?
By Harrison Polites The government’s submission to Fair Work calling for a review of Australia's national awards scheme has brought Australia’s industrial relations debate to a head. As a result, we’re going to see unions, government and business lobby groups start comparing Australia’s IR laws to ... Read more
IMF raises growth forecast
The International Monetary Fund (IMF) expects an improved outlook for the global economy, but warns major economies to keep their interest rates low while budgets are being repaired. The IMF said global activity strengthened during the second half of 2013, and is expected to ... Read more
Federal Government confirms its super and tax plans
The Coalition Government has confirmed its position on a range of previously announced super and tax issues, as part of its mid-year economic and fiscal outlook. To help you understand how this may affect you, we’ve summed up the key highlights below. Super Guarantee increase to be deferred ... Read more