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Daily Archives: February 15, 2019

Mega moguls got $10.8b richer in 2018, and it wasn’t even a good year

The Bloomberg Billionaires Index’s inaugural ranking of hedge-fund wealth lays bare a truth about the business that, for many, defines what it means to be rich. Outfits like Griffin’s Citadel and Ray Dalio’s Bridgewater Associates have grown so big by assets that they’ve effectively become printing presses for their ultra-rich …

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Trade talks to continue in Washington as deadline looms

Consultation on the wording of a memorandum of understanding on trade began during the Beijing meetings. A White House  statement said: “During the talks, the United States delegation focused on structural issues, including forced technology transfer, intellectual property rights, cyber theft, agriculture, services, non-tariff barriers and currency.” There was no …

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Lost Sidney Nolan among Mirka Mora’s art and objects slated for sale

Loading One of her first pieces in this medium, it reminds him of how Mirka used to make such works by cutting up the sheets from his bed. “I’d come home and say, ‘Oh, Mum! I can’t just sleep on a blanket’,’’ William says. ‘‘She’d say, ‘I need it for …

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As Uber prepares for the sharemarket, its losses pile up

The losses were a result of Uber increasing its spending as it tries to outmuscle competitors, many of which have intensified their efforts to add riders and drivers. Uber has responded by offering bigger incentives and more promotions to fend off rivals like DoorDash, Lyft and other ride-hailing and food-delivery …

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Wall Street rallies on trade optimism

“This may be just false hope with the tariff situation as thorny details still need to be agreed upon,” said David Carter, chief investment officer at Lenox Wealth Advisors in New York. “It’s good news but it’s not over yet.” Loading Indeed, the trade row’s effects were reflected in Deere …

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Trump is gearing up for the next hammer blow to global trade

Such drastic action would effectively shut down 10 per cent of transatlantic trade and lead to retaliation across the world, causing havoc for complex supply chains. It would revive fears of a tit-for-tat trade war between the world’s two biggest blocs and bring the rally on equity markets to a …

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Changes in language have me in two minds

As an Australian with a TV and a love of podcasts, I’ve grossly overexposed myself to American culture. And as I’ve been barraged with stars-and-stripery, I’ve inevitably developed opinions about Americans, one of them being that they are insular when it comes to language. Americans, I believe – or believed …

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Pedestrian struck and killed in Traralgon

A pedestrian has died after being hit by a car in Traralgon in the early hours of Saturday morning. Police believe a man, who is yet to be identified, was struck by a vehicle near the intersection of Princes Highway and Bradford Drive about 2.00am. He died at the scene. …

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PM’s scare tactics a no-brainer for easy votes

PM Morrison, a Machiavellian student of neuroscience, gave an amygdala-goading address to the National Press Club on Monday. The amygdala is the brain’s “seat of fear”. He seemed to address every international and local, neighbourhood dread that might be agitating electors’ bosoms. Sometimes he catalogued them (“people smuggling, natural disasters, …

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3838: The genie they want back in the bottle

At the meeting some asked why they had not been given the chance either in the Supreme or High courts to defend their actions. A senior officer told them the court action was only ever about trying to protect 3838 from gangsters, who traditionally have zero tolerance for betrayal. The …

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