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Daily Archives: October 30, 2019

Obama will kill the stock market. No, Trump will. No, Warren will.

Sure, the forecasts could come true. Maybe Warren’s plans to rein in Wall Street and corporate America will kill the economy, or maybe the bull market will just die of old age. But the evidence is scant a president’s political leanings do much to sway stocks. Variations in equity performance …

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No bail for ‘Little Tommy’ Ivanovic after facing court on fraud charge

His lawyer Anthony Condello said the matter would return to court next Friday. Court documents released to the media on Thursday show Mr Ivanovic is facing two charges. He’s alleged to have deliberately caused damage to two vehicles at Sunshine on September 7 and then made a fraudulent insurance claim …

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Wall Street has another record day on Fed bump

Hopes of a rate cut and recent optimism around the trade talks had helped lift the benchmark S&P 500 to record intraday highs for three straight sessions. The Dow Jones Industrial Average rose 115.27 points, or 0.43 per cent, to 27,186.69, the S&P 500 gained 9.88 points, or 0.33 per …

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Essendon let go forward Mitch Brown

Essendon’s forward line will have a different complexion in 2020 regardless of Joe Daniher’s fitness after the Bombers delisted forward Mitch Brown. In a somewhat surprising move, the 29-year-old who crossed from Geelong to the Bombers at the end of 2015 was the seventh player cut by the Bombers on …

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Four reviews in a year: Startups point to encryption laws ‘fatigue’

The laws are currently in operation but reviews into possible amendments will continue until at least mid-2020. There have been four consultation processes so far and two are still in operation: one by the Parliamentary Joint Committee on Intelligence and Security, and another by the Independent National Security Legislation Monitor. …

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Rising costs, loss of shows: Hedge fund’s bet against Netflix pays off

The investor is taking aim at Netflix during a time of mounting competition. AT&T just unveiled HBO Max in its key US market, a service that will go live in May. And both Apple and Walt Disney are both launching new online platforms in the coming days. Netflix sceptic David …

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Edge computing and 5G will change your life (eventually)

It had the potential to be the most high-tech game of table tennis I’d ever played. Unfortunately, a perfect storm of hardware issues, network issues, and a game that kept crashing meant I didn’t get to experience this power. HTC’s 5G hub will soon let you stream virtual reality content …

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‘Crosses a moral boundary’: Chief Scientist warns against risks of artificial intelligence

He likened this to the ability of a complete stranger to offer you unlimited furniture and non-stick frying pans in exchange for sitting in your bedroom for the next fortnight to observe your behaviour. “We are repulsed by this prospect not because of its unfamiliarity, but because we innately feel that …

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Mental illness and suicide ‘costing $500 million a day’

Loading The commission’s wide-ranging review of Australia’s mental health treatment sector – which attracted more than 560 submissions – found it was being treated as “an add-on to the physical health system” and must be drastically overhauled. Official data shows that, over their lifetime, half of Australians will be affected …

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Superannuation complaints surge 38 per cent after royal commission

“In terms of fixing the system, it’s a huge loss that we won’t know which super funds were the major causes of those complaints,” he said. Loading The government folded the tribunal into the Australian Financial Complaints Authority following the royal commission. For the first time, AFCA will publish the …

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