There’s a growing sense of panic in China

There’s a whiff of panic in the air in China as its policymakers respond to the sharp economic downturn generated by the country’s zero tolerance approach to the outbreak of the Omicron variant of COVID-19. On Monday, after a meeting of China’s State Council, they announced more tax rebates, a moratorium on companies’ social security payments, deferrals of loan repayments, […]

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Why modern politics goads us to be greedy, and forget the needy

Mark, a voter in the Melbourne electorate of Higgins, told the ABC’s Virginia Trioli this would be the last federal election he’d be alive to vote in. So he’d decided his vote should not be for him, but for the younger generation coming after him. He wanted to cast his final vote for the party that best represented young people’s […]

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Countries Spending the Most Defending Their Borders

Countries defend their borders for two primary reasons. One is from aggression from the neighbors. The Russian invasion of Ukraine shows the violence this can cause. Fear of a Russian invasion has caused Finland to build a massive military, at least for a nation its size. The other reason is to keep out immigrants. The U.S. effort at the border […]

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Walmart Q1 Profit Declines, Misses Estimates

Retail giant Walmart Inc. (WMT) reported Tuesday a profit for the first quarter of fiscal 2023 that declined 24.8 percent from last year, hurt by lower gross margins and net losses on equity investments. Adjusted earnings per share also missed analysts’ expectations, but quarterly revenues topped it. The retailer also cut its earnings guidance for the second quarter and for […]

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First home buyer super plan is election window dressing

The coalition’s plan to allow first home buyers to tap up to $50,000 from their superannuation fund to add to their deposit is unlikely to help many people enter the property market. With restrictions on the scheme and an expected limited uptake, it is neither likely to drive up property prices, nor would it impact retirement savings or income. The […]

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A beginner’s guide to ethical investing

Investor interest in ethical investing is being fuelled by the increase in extreme weather events, including bushfires, and even the destruction of indigenous heritage sites. There is an increasing sense of urgency in tackling a number of causes – such as climate change, improving human rights or reducing animal cruelty. The list is almost endless. More investors want their money […]

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U.S. Consumer Price Growth Slows Less Than Expected In April

A highly anticipated report released by the Labor Department on Wednesday showed the annual rate of U.S. consumer price growth slowed by less than expected in the month of April. The Labor Department said consumer prices in April were up by 8.3 percent compared to the same month a year ago. While the annual rate of growth slowed from a […]

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