IMF chief Dominique Strauss-Kahn said he believes the global economy will recover in the first half of next year. In a news conference in the Austria over the weekend, Strauss-Kahn predicted we will see a recovery in the “first semester of 2010, and the beginning of the turning point in October, November or December this […]
The Government’s plan to increase the pension age to 67 and thus locking up superannuation funds until workers reach this age, will hurt the economy says the Australian Institute of Superannuation Trustees head Fiona Reynolds. According to Ms Reynolds, lifting the pension age to 67 does not benefit consumers, or the economy. “”Lifting the preservation […]
The Rudd Government is planning to dip into Australia’s superannuation savings to invest in infrastructure projects. The Government outlined $22 billion to transport and broadband infrastructure in last week’s Budget, with a focus on roads, rail and ports. However it has been revealed that they are short on funding, and must source funds from other […]
If your business has reached a stage of solid, sustainable growth but you still have money to spare, you don’t necessarily have to put it back into the business. Consider buying assets on behalf of your business to diversify company investments. There are a number of tax incentives, for example, of buying and leasing out […]
The ever growing hacking community turned their attentions to Facebook yesterday, launching an attack on the social networking site and its 200 million users in an effort to steal passwords and confidential information. The hackers obtained personal passwords through a “phishing” attack, breaking into members accounts, then sending emails to their contact list urging them […]
Former Woolworths chief executive Roger Corbett has said that a recession can act as a “cleansing process” by weeding out the bad companies and separating the strong from the weak. Mr Corbett, a board member of the Reserve Bank of Australia, said that the recession weeds out bad companies that should be allowed to fail. […]
FileMaker Inc. has unveiled a new personal organiser application for iPhone and iPod touch, making it easy for business owners to organize their daily activities. The Bento for iPhone and iPod touch is a portable version of the popular personal database and allows businesses to organize all transactions including: issue tracking, time billing, customers, expenses, […]
The Opposition have criticised the Government’s decision to delay increasing the pension age until 2023, believing it should come sooner. The Budget revealed that the Government plan to gradually raise the pension age to 67 by 2023, but Liberal frontbencher Tony Abbott said that it should come sooner. “I think raising the pension age makes […]
Optus chief executive said the telco has benefited from the Government’s stimulus package, attracting more shoppers. The company posted a 5.6 percent lift in annual profit, experiencing a greater consumer activity as a result of the stimulus measures. “The economic stimulus provided by the government has definitely made itself felt in terms of customer buying […]
With international airfares at their cheapest level in more than 10 years, and with the stimulus dollars flowing into bank accounts, budget conscious Aussies have been throwing caution to the wind and booking great holidays, without travel insurance. Edith Fink from ARTOG.com.au, a free online service that compares Australian travel insurances side by side has […]
