A stronger helping hand from government to keep prices stable and the economy humming has been offered up as a parting suggestion by outgoing Reserve Bank governor Philip Lowe. In his final speech as governor, Lowe said more flexibility to pull spending and taxing levers to manage the economy and keep inflation stable could “help … Read more
The corporate watchdog has launched legal action against Australia’s biggest superannuation fund for failing to consolidate the accounts of 90,000 members, costing the people affected $69 million. The Australian Securities and Investments Commission claims AustralianSuper failed to identify members who had multiple accounts and merge them for almost 10 years. The fund then charged fees … Read more
Millions of Australian pensioners will receive a benefits increase from Wednesday, offering some relief amid the mounting cost-of-living crisis hitting households across the country. In the biggest boost ever, from September 20 recipients of the Age Pension, Disability Support Pension and Carer Payments are set to receive an increase of $32.70 a fortnight for singles, … Read more
COLORADO SPRINGS, Colo. — The journey from nowhere to an Olympic gold medal is a tale as old as time. Just as well-worn, but far less explored, are the stories about great athletes who realize they can’t make it anywhere unless they have a way to bankroll the trip. “The Boys in the Boat” is … Read more
President Joe Biden speaks about protecting Social Security, Medicare, and lowering prescription drug costs, during a visit to OB Johnson Park and Community Center, in Hallandale Beach, Florida, on Nov. 1, 2022. Kevin Lamarque | Reuters The Biden administration on Thursday opened the door to seizing the patents of certain costly medications from drugmakers in … Read more
Royal Adelaide Show attendees have been warned to remain on the lookout for counterfeit cash as South Australia police investigate a number of fake bank notes circulating at the event. Three counterfeit $50 notes were passed at three separate stalls at the Royal Adelaide Show between Thursday, September 7, and Friday, September 8, police said. … Read more
A mother who had $10 million wrongly deposited into her account after a mistake by a cryptocurrency website had initially aspired to bring her children to Australia through sheer hard work, a court has heard. Thevamangari Manivel moved to Australia in 2015 with the goal of providing for her family and bringing her three children … Read more
Adelaide builder Qattro has been placed into voluntary administration, with the company’s boss blaming the COVID-19 pandemic for its demise. Qattro’s managing director Bradley Jansen said he had “exhausted all options” to try to help the company recover post-pandemic, only for supply chain issues and labour shortages to hamper his efforts. “I have made significant … Read more
Karen Scarlett had been eagerly waiting to move into her dream home that’s been under construction with Adelaide-based builder, Qattro, for three years. Now she faces the idea of giving it up all together to buy another home, which could cost her $150,000 more than the first house, or continue renting. “When you’re on a … Read more
DOVER, Del. — Delaware’s largest hospital system will pay more than $47 million to settle whistleblower allegations by its former compliance officer that it provided kickbacks to outside doctors in return for patient referrals, resulting in fraudulent Medicaid billing. The settlement announced Friday comes nearly seven years after Ronald Sherman filed his whistleblower lawsuit, which … Read more
