Email PM By business reporter David Taylor Updated June 18, 2019 08:47:42 Photo: Could printing more money solve some of the Reserve Bank's problems? (ABC News: Tristan Hooft) Related Story: Your money could be losing value if you leave it sitting in one of these savings accounts Related Story: Interest rates have been cut. So how much will you save on your mortgage? Related Story: We're hocked to the eyeballs in debt with no obvious way out Map: Australia Economists say the policy of large-scale money printing by the Reserve Bank is now on the table, and it needs to be discussed more openly. Key points:Should the Reserve Bank begin large scale money printing, it could lead to billions being pumped into the economyIt would also have the effect of further lowering interest ratesMany view it as a "last resort" policy, but some experts suggest it should be strongly considered "The Reserve Bank needs to start preparing the public," United States Studies Centre program … [Read more...] about Reserve Bank must consider quantitative easing, economists argue — so what is it?
2019 05 16
Spencer’s Retail on Thursday reported 8% growth in its revenue from operation at Rs 611.83 crore for the second quarter ending September 30, 2019. The Kolkata-based retail chain, however, reported a net loss of Rs 15.62 crore during the period under review as compared to a net profit of Rs 1.47 crore in the same period last year. The company said in the results for the period under review, operating lease expenses which were recognised as other expenses in previous periods was now recognised as depreciation expense for right-of-use asset and finance cost for interest accrued on lease liability. Hence, loss before tax for the quarter under review increased by Rs 2.92 crore and hence the results were not comparable, it said. However, as far as revenue growth is concerned, Spencer’s performance is in line with other consumer goods makers who too have reported muted growth due to on-going slowdown in consumption. Consumer goods makers and retailers, however, have posted … [Read more...] about Spencer’s Retail posts Rs 16 crore Q2 loss, revenue rises 8%
Email By Offsiders columnist Richard Hinds Updated September 13, 2019 12:18:53 Photo: Danny Frawley had spoken openly about his mental health battles. (AAP: Joe Castro) Related Story: AFL legend Danny Frawley dies in single-car crash in western Victoria Related Story: Former number one draft pick Tom Boyd retires from AFL amid mental health battle Related Story: Saints star Jack Steven takes indefinite AFL break to manage mental health Map: Australia From the earliest age, we tell them they can win. And if they don't, we tell them what they have to do to better so they win next time.Train when your opponent is resting; put another 20 kilograms on the rowing machine; peel the skin from your chicken; play with more intensity while looking more relaxed.As even the most talented young athlete ascends the ever-narrowing pyramid toward "elite competition," they will encounter occasions when victory eludes them.There will be someone faster, stronger, more flexible or less … [Read more...] about Mental health issues faced by professional athletes cannot be viewed as an opponent
Email By Fiona Blackwood Posted November 15, 2019 05:15:23 Photo: There was never much money when Debby Daniels was growing up. (Supplied: Debby Daniels) External Link: Use the Australia Talks interactive tool to see how Australians really think Related Story: Many Aussies say hard work will get you out of poverty. Suzanna says they're wrong Map: Hobart 7000 Debby Daniels is a firm believer in the power of hard work.Now 54, Ms Daniels grew up in the housing department suburb of West Heidelberg in Victoria."There was never a lot of money in the house, my dad was quite violent," she said.She remembers being about 6 or 7 years old when the water bill hadn't been paid."By law … you still had to have some water, but it was just a trickle so it would take forever to have a bath or forever to fill up a pot of water."Back then it was just the norm, which I guess it shouldn't have been."Looking back now I guess it was pretty tough."I try and make life easier for my kids … [Read more...] about Debby was determined to work her way out of poverty to ‘prove the buggers wrong’
Email By Kevin Nguyen, Lara Hyams and Danuta Kozaki Updated July 23, 2019 05:39:04 Video: Police in the process of resolving an ongoing riot at a juvenile detention centre in Kariong (ABC News) Related Story: Riots at Don Dale and Alice Springs cost taxpayers more than $1m Related Story: Young people locked up for 10 days in 'disgusting' room with no toilet, bed or water Map: Kariong 2250 Police have stormed Kariong's Frank Baxter Centre, bringing all offenders off the rooftop to end a riot that lasted for almost 24 hours. Key points: A group of inmates broke into a garden shed containing items such as chainsaws and pickaxesMore than 30 inmates were believed to have taken part in the rioting, with 10 remaining this eveningPolice stormed the building just before 6pm, ending the riot The riot, at the Frank Baxter Juvenile Justice Centre near Gosford, began on Sunday night after dozens of inmates began attacking known sex offenders with makeshift weapons.After almost 24 … [Read more...] about Kariong inmates at juvenile detention centre targeted sex offenders with ‘makeshift weapons’