The Rudd Government has taken swift steps to bail out the underperforming states, with a federal government guarantee of up to $150 billion, ensuring the states will be able to raise cash more easily on international credit markets and road and building works. Following a meeting with state treasurers in Canberra yesterday, federal Treasurer Wayne […]
YouTube has come under fire after audio tracks posted by users on its video sharing site suddenly disappeared. Upon request from Warner Bros, YouTube has removed a number of personal audio clips from users claiming “copyrighted music”, cutting audio from videos showing users singing their renditions of owned material. A high school student in the […]
As the financial crisis grips the nation, an increasing number of home owners are seeking to “recession proof” their mortgages, by getting ahead of monthly repayments. The countries biggest lenders, Westpac and Commonwealth Bank have noticed a growing trend with home owners choosing to maintain their repayments at previous high interest rates, as the number […]
Leaders of the ex-service community gathered at Customs House in Sydney today for the launch of the Raise A Glass Appeal – a new national initiative to raise vital funds for the welfare programs of the Returned and Services League Australia (RSL) and Legacy. Developed by the RSL National Executive and the Legacy Coordinating Council […]
Telstra shares have fallen dramatically, with investors punishing the company for the way it handled its bid to build the Government’s $10 billion-plus national broadband network. Telstra shares fell 7 to points $3.37, their lowest level in 12 years. Almost $9.5 billion has been wiped from Telstra’s market value since the Government dumped it from […]
Bankruptcy rates have increased by a staggering 261 percent over the past 20 years, according to a study conducted by the Melbourne Law School. According to the study’s author, Professor Ian Ramsay, bankruptcy is now hitting the nation’s middle class, and the insolvency rate in NSW alone is now 50 percent. Professor Ramsay attributed the […]
From a small kebab shop in 1979, to the largest Australian franchise of it’s kind boasting 60 outlets, Ali Baba has come a long way in 30 years. Ali Baba now serves over 4 million customers per year and has increased profits two-fold. In 30 years Ali Baba has sold over 30 million K’Babs and […]
The Rudd Government’s bid to limit wage rises for low paid workers has been met with fierce opposition by union officials, claiming the measure is “unacceptable” and showed the government is out of touch with Australian workers. The ACTU commissioned for a $21 per week pay increase for low-paid workers to help them cope with […]
Research released by digital agency Bullseye has shown that many Australian small and medium businesses are prepared to take more risks to save their business in the dowturn, with almost half expecting to be negatively impacted by the financial crisis. The survey polled the outlook of small businesses across Australia, the UK and the US, […]
Figures released by accounting and finance recruitment practice, Aequalis Consulting have shown that recession fears are forcing employees to stay in jobs they dislike, work longer hours and take steps to prepare for redundancy. The survey of over 315 workers, suggests that 72.8 percent of respondents will stay in their current job due to the […]
