Job mobility in Australia rose to the highest level in a decade, with almost one in ten employed people switching jobs in the 12 months to February, according to the Australian Bureau of Statistics (ABS). ABS head of labour statistics Bjorn Jarvis said job mobility had been trending downwards for decades before reaching a record…
US Mortgage Applications Drop as Home Prices Soar
Rising mortgage rates in the United States are hitting the housing industry hard, as several areas in the market are seeing declines, according to the May 24 weekly survey from the Mortgage Banker’s Association for the week ending May 20. The Market Composite Index, a measure of demand for mortgage loan applications, slipped 1.2 percent on a…
Twitter Shareholders Meet Amid Elon Musk’s Takeover Drama
Twitter’s regularly scheduled shareholder meeting Wednesday didn’t include a vote on Tesla billionaire Elon Musk’s $44 billion bid for the social platform. But the prospects of the buyout and the drama that’s surrounded it seemed to be on participants’ minds anyway. CEO Parag Agrawal said at the outset that executives won’t be answering any questions…
Your Retirement Should Not Be Politicised: Economist
May 25, 2022
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AustraliaBusiness & Economyeconomic policiesInternationalpension fundspersonal financeretirementSuperannuationWorld
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Political tribalism is holding Australians back from taking control of their retirement nest eggs, according to economist Cameron Murray, who says superannuation has no noticeable benefit for retirees. Murray, a research fellow at the Henry Halloran Trust at the University of Sydney, is calling for the government to take a close look at the necessity…
Twitter Shares Jump After Elon Musk Boosts His Equity Commitment in Twitter Takeover
Twitter shares jumped more than 7 percent in after-hours trading following a fresh securities filing showing Elon Musk has boosted the equity commitment in his Twitter buyout to $33.5 billion from $27.5 billion. The filing stated that Tesla’s CEO has allowed the margin loan commitment provided by Morgan Stanley to expire. The margin loan was…
18 Major Airlines, FAA, and DOT to Be Sued Over COVID Vaccine Mandates
May 25, 2022
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AMERICABusiness & EconomyCCP VirusCompaniesconstitutional rightsFeatured TopicsJudiciaryUSUS Newsvaccine mandateVaccines & Safety
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John Pierce Law has filed a lawsuit against Atlas Air, on behalf of US Freedom Flyers (USFF) and Atlas employees, and plans to sue all major airlines, 18 altogether, plus the Federal Aviation Administration (FAA) and the Department of Transportation (DOT), contending that the vaccine mandates imposed by these agencies on the airlines’ employees infringed…
Virginia Sued Over Law That Allows Violation of Ranchers’ Property Rights
May 25, 2022
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Business & Economyconstitutional rightsFeatured TopicshuntingJudiciaryPolicies & Impactsprivate property rightsranchersUSVirginia
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Virginia is being sued by property owners over its unusual law that allows hunters to invade private property to retrieve their hunting dogs, often resulting in damage to property and livestock. This lawsuit is not aimed at hunting, but at protecting property rights, according to the Sacramento, California-based Pacific Legal Foundation (PLF), a national nonprofit public interest…
Pfizer Providing Drugs, Vaccines at Not-for-Profit Price to Poorest Nations to Address Health Inequities
Pfizer Inc. announced on May 25 that it will provide all of its current and future patent-protected drugs and vaccines on a not-for-profit basis to 1.2 billion people in 45 lower-income countries. The pharmaceutical and biotechnology company said in a press release that the plan is part of “An Accord for a Healthier World,” launched with the aim…
2nd Baby Formula Shipment Arrives in Virginia
A second shipment of much-needed baby formula from Europe has arrived in Virginia on Wednesday. Responding to political pressure, the Biden administration began airlifting shipments of formula to the United States. At the same time, the Federal Trade Commission announced Tuesday that it has launched an inquiry into the formula shortage, seeking information on any…
China Is Now ‘Uninvestible’
Commentary Beijing can bend reality only so much before it must turn to reality. And what a harsh reality the Chinese Communist Party (CCP) is facing. The CCP Pushes False Hopes and Failure Beijing’s assertion that the extreme lockdowns over relatively few cases of the CCP virus would not impact the economy is, not surprisingly,…
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