Handing out taxpayer funded money to first time new home buyers comes with unintended consequences. Not least of which is that it tends to drive up the price of new homes.
For years the banks acted as if they were invincible, untouchable. They now claim they know they’re not above the law, but prior to the Hayne Royal Commission, you’d be led to believe that that’s exactly what they thought.
The final report will be released to the public on Monday afternoon, after the ASX closes trading for the day, according to the Australian Associated Press.
In December, the national unemployment rate slightly fell, but while it was part-time jobs that lowered the figure, the federal Labor party eagerly pointed out that less people had full-time employment.
Former ACCC chairman Graeme Samuel has slammed Australia’s watchdogs for allowing their workers to accept gifts from the businesses they’re meant to be regulating.
Activists are claiming that animals are being exploited at abattoirs and farms, but the federal government claims that the ‘stupidity’ of activists could be causing animal deaths.
In recent weeks, both the US and North Korea have been criticised for not making more of an effort to meet, after US Secretary of State Mike Pompeo had to cancel back in November.
Last year it was local councils stripped of hosting Australia Day citizenship ceremonies. Now, MPs could be the ones facing a ban from hosting these ceremonies.
Did you take a family Christmas photo this year? And did you remember to wear nice shoes? Prime Minister Scott Morrison can answer yes to the first question, while it’s a definitive no to the second.
Now, as lending in the housing market falls below its 10-year average, Treasurer Josh Frydenberg is urging banks to start approving home loans.
A former army captain, Bolsonaro is known for admiring Brazil’s 1964–85 military dictatorship. After the lawmakers diatribes against the media and political opponents caused uneasiness, he has promised in his first comments as president that he will adhere to democratic norms, RAW reports.
Taiwan’s President Tsai Ing-wen has accused China of taking advantage of her country’s democracy to interfere in its politics and society. In her New Year message, Tsai said that interference like this from Beijing was ‘one of the greatest challenges’.
It’s true that little progress has been made in ridding North Korea of its nuclear weapons since the historic summit between North Korean Leader Kim Jong-un and US President Donald Trump on 12 June last year.
2018 has come and gone. And if you followed along with the political shenanigans in Canberra, it may have left a bit of bad aftertaste. Now, at the crux of a new year, Prime Minister Scott Morrison has vowed the government can, and will, do better.
Recently, Kiwi farmers have seen a growing number of suspected cattle infected with the disease. Lawmakers are now attempting something that no country has ever been able to do, and that’s mass-eradication of the disease.
With only 25 million citizens, Australia is a minnow compared to most of its neighbours. And that leaves our democracy vulnerable to interference from foreign nations looking to influence government policies.
Trump has kept up his criticism of Federal Reserve Chairman Jerome Powell. He says that some of the Fed’s policies and their continuation of raising interest rates were harming the US economy.
Julia Banks was hardly the staunchest supporter of her own government at the best of times. Her public proclamations tended to sound more at home coming from a Labor MP than a Liberal member.
There are good reasons why many European nations are on track to meet their Paris Climate Agreement carbon reductions. First, most of these nations are small and highly urbanised. Perhaps more importantly, many EU nations derive much of their energy from nuclear power.
Canada has done it. Uruguay and the Netherlands have done it. And a growing number of US states have done it too. Will Victoria be the next to turn its back on the failed war on drugs and legalise cannabis?
New South Wales Labor leader Luke Foley has resigned from his leadership role over sexual harassment allegations. Though he plans to remain in parliament.
Earlier this month, Prime Minister Scott Morrison claimed that the discrimination laws need to change to protect students from being discriminated against based on their sexuality.
2018 has seen the beginning of the downturn for housing demand and prices. QBE Insurance released data on Thursday, forecasting a fall in the price of units. They expect a 2.1% fall for Melbourne and 3.1% fall in Sydney.
The most recent threat was from the US to China, as Trump toyed with the idea of placing another US$200 billion on Chinese imports.
Trump has stated that talks with China will continue, however, the US isn’t quite ready to commit to any agreements regarding trade disputes.
But while they’ve ripped off many Australians, is $35 million really enough for the bank to think twice before potentially doing the same thing again in the future?
All politicians come under attack from their political rivals at times. But you’ll find remarkably few speaking out against Julie Bishop. Bishop’s resignation from her post has made news around the world.
Every two years we should expect a change in prime minister. That’s been the norm since 2007 — or 2010 if you want to be technical. But every time it happens, it comes as a surprise to most Aussies.
US President Donald Trump has been working hard to end long standing divisions between the US and its de facto enemies, like Russia and North Korea. Back home, Trump is also working to end the increasingly divisive tactics of the far left and far right factions.
The company tax cuts proposed by the Turnbull government would enable businesses to increase wages as well as increase jobs. But it seems that there are still those in the senate that are unable to see the benefits of a company tax cut.