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Daily Archives: May 22, 2020

Women, part-timers and the young hit hardest in jobs crisis

What happened to our rate? It crept up from 5.2 per cent to 6.2 per cent. Really? Are you kidding? What’s that if it’s not a fiddle? Or, consider this. Our figures show that about 900,000 people lost their jobs in the four weeks to mid-April. But they also show …

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Discord at the Melbourne Symphony as ex-banker chairman stops the music

Loading The changed circumstances put huge pressure on boards and management as they tried to juggle challenged finances while keeping stakeholders, such as workers, engaged. The MSO, like its orchestral counterparts, has done a lot of juggling. At issue is how the MSO pulled it off. Things turned sour when …

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Australia’s COVID-19 inquiry presents a roadmap for a new world order

Senior officials within the Department of Foreign Affairs and Trade were the first to realise the potential of turning the EU motion into something which could more closely resemble Morrison and Payne’s idea of an independent inquiry. With the motion to be presented at a meeting of the WHO’s governing …

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Carbon road map winning few friends, little influence

Of the 61 nations whose climate policy it considered it ranked Australia as having the worst. One of the authors of that survey was Ursula Hagen of Germanwatch. Having read the government’s so-called Technology Road map released this week in draft-form Hagen told the Herald and The Age that she …

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Financiers sell Clint Bartram’s development site

Multiple offers were made for the property which has a permit for a four-level 18-unit project, Mr Hoath said. The row of shops at 43-47 Simpson Street is tucked away between Dennis railway station and Westgarth Primary School. Mr Bartram turned to property development after his AFL career finished in …

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Companies to slash distributions amid coronavirus carnage

“This is almost a ‘never before’ situation in [the sector] that is known for predictable yield and income,” the firm says in a report. Loading Typically, the REITs notify the market of their intended distribution by mid June, in line with previous guidance. This time around, most of the REITs …

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Retail’s new malaise: What happens when the lights are switched back on

“Retailers are going to suffer significantly, reduce their store footprint and inevitably some will fall into administration.” Supermarkets such as Coles and Woolworths and massive retailing conglomerates like Wesfarmers are some of biggest forces dominating Australia’s $325 billion retail sector, all of which have flagged major structural change within their …

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News Corp Binges to ease Foxtel’s streaming woes

Foxtel, which is 65 per cent owned by News Corp Australia, is investing substantial amounts of money in streaming services as it attempts to pivot the business away from the traditional set top box. But the streaming products cost less than a traditional Foxtel subscription, reducing the average revenue per …

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‘This is devastation’: Tourism suffers multibillion-dollar losses

Economic modelling commissioned by Tourism North East showed that between $341 million and $431 million could be lost in the three months to June alone. Job losses are forecast to climb as high as 4300. This comes on top of losses sustained in the March quarter estimated to range from …

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Victorian farmers escape almost unscathed from Chinese tariff hit

Loading Nationals senator Matt Canavan, Liberal senator James Paterson and Home Affairs Minister Peter Dutton have all criticised Victoria this week over the BRI. Labor senator Kimberley Kitching was among federal opposition MPs who also took aim, saying the agreement was “bad policy and bad optics”. Victorian Treasurer Tim Pallas …

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