National Australia Bank’s CEO has apologised to customers over the fees-for-no-service scandal, but denies the bank has committed any crimes.
If you drink alcohol, smoke tobacco, drive a car, or plan to visit a doctor this year, the Australian Bureau of Statistics has some bad news for you.
At the end of the day, there is no getting around the fact that Aussie companies paying a 30% tax rate will be operating at a disadvantage to their foreign competitors who pay far lower taxes.
If you live in Victoria, CommSec’s latest quarterly ‘State of the States’ economic report contains same good news…and some not so good news.
Australians have been targeted in more than 300 major data breaches this year — with hackers and criminals getting access to the private data of hundreds of thousands of people.
Last week The Australian Tribune reported that Perth had decided the city needs facial recognition technology in its CCTV cameras. We were unsure why at the time. And we remain unconvinced of the need for this privacy eroding measure today.
The cost to everyday Australians of meeting the Paris Accord emission reductions continues to grow. While any tangible benefits remain unknown…at best.
Anger-management and emotional intelligence needs to be taught early on in our homes and schools. Both to men and women. But what about in the meantime? Well unfortunately, Australia won’t let women defend themselves.
The tough border policy is a long game. Reversing course now could see people smugglers back in action almost overnight. And that reality is not lost on South Australian voters.
No one argues the fact that electricity prices have gone through the roof and need to come down. But the Liberal party remains adamant that they have the best solution to bring costs back to Earth.
There are good reasons Australia’s cities are ranked among the most liveable cities in the world. Those same reasons make Australia a tremendously attractive location for people smugglers to spruik to their desperate human cargos.
It remains unclear why the city of Perth needs facial recognition technology to keep its citizens safe. Similar technology is used in China’s major cities. But its use in crime fighting is dwarfed by its use to control Chinese citizens’ behaviour.
First, to allay alarm, the following scenario — and the purposefully vague headline above — are hypothetical. While there were thefts and assaults in Melbourne over the weekend, this one is wholly made up.
Like much of the world, China’s growth miracle owes much of its magic to debt. Lots and lots of debt. Analysts have been warning about China’s ballooning debt for years.
US President Donald Trump, for one, isn’t happy with the high prices US voters are paying to fill up their cars. Not only does he want to appear to be doing something to help them. He wants to ensure petrol prices come down before the US mid-term elections in November.
Trump has been busy this year. He slapped 25% taxes on imported steel and aluminium — even from allies — and cited national security as his rationale. Could Trump’s move end up working for the US and even Australia?
If the future sees smart machines doing much of the work we do today, which looks inevitable for both white and blue-collar workers, then the decidedly socialist concept of a universal basic income comes into play.
Modern medicine has gifted Australians — on average — with more than 4,000 extra days of life compared to what we could expect 50 years ago. The work underway in gene specific medicines would look more at home in the pages of a science fiction novel than a science journal.
With OPEC ministers meeting this Friday, 22 June, all eyes will be on Vienna to see how much more supply is likely to come online. By next week, we’ll know if the hedge funds were right to be optimistic on rising oil prices. But I wouldn’t invest alongside them.
Automated machinery and artificial intelligence (AI) customer service have hit us with the harsh reality that computers are out for your job. Society simply isn’t ready for technology to evolve so rapidly.
The Fair Work Commission has announced a pay rise for the two million Aussies on minimum wage. That might seem like a good thing. But the reality behind this decision is bleak.
Australia’s GDP growth has been in the spotlight recently, with the federal government proposing a budget heavily reliant on rosy growth predictions. But are our assumptions about economic growth reliable?
With both the government and the opposition having put forward their proposed budgets, Monday seemed the perfect time to ask some questions and get some answers. But those answers, ultimately, lead to a lot more questions.
Australia has lost its fuel refining industry, with many shutting down in 2003 and 2011. Australia is no longer able to refine fuel from crude oil. Currently, we depend on imports for most of our fuel needs.
OPECs 2017 output cuts have managed to successfully push oil prices higher. But the agreement only runs to the end of 2018. Already some members have said they might increase production before the end of the year. Like Russia.
With more news surfacing about the unethical behaviour from AMP Limited this week, we have to ask ourselves the question: Are we are doing enough to ensure we’re not being taken advantage of?
The latest figures show federal government debt will be ‘only’ $558 billion in 10 years. That was forecast to be $684 billion less than six months ago. Even if you had a close review of the budget, there’s one expenditure you probably missed.
The fears that oil prices would rocket if US President Donald Trump canned the Iran nuclear accord have proven unfounded. Oil prices did nudge up on the news, but only around 2.5%. That limited price rise indicates Trump’s move had been widely anticipated.
Australian Treasurer Scott Morrison is expected to announce a plan to reduce income taxes when the Federal budget is released today. But the treasurer warns that Australians shouldn’t count on ‘mammoth tax cuts’.
For all the noise generated over our children being bad at spelling, maths and generally falling behind internationally, we are reminded — every so often — about how our kids are changing the world.