Mark Zuckerberg and Facebook Deliver Very Bad News

Mark Zuckerberg and Facebook Deliver Very Bad News

Meta Platforms  (META)  is not doing well. The social-media giant, parent of Facebook, Instagram and WhatsApp, has been sending alarming signals for several months.  It was ejected from the world’s top 10 most valuable companies, and this year its market capitalization has fallen by nearly $545 billion.  During the third quarter, which is about to end, the shares … Read more

Jacinta Price reflects on reaction to her maiden speech, said she relished watching Labor senators ‘squirm and grimace’

Jacinta Price reflects on reaction to her maiden speech, said she relished watching Labor senators ‘squirm and grimace’

Indigenous Senator Jacinta Nampijinpa Price has reflected on the moment she made Labor senators “squirm and grimace” during her maiden speech to Parliament.   Senator Price used her opening remarks to the Senate chamber in late July to advocate for real change for Indigenous people instead of “pointless virtue signalling”.   Addressing the Conservative Political Action Conference … Read more

Medicare premiums are decreasing in 2023 – this is how much older Americans will save if they’re on Part B

Medicare premiums are decreasing in 2023 – this is how much older Americans will save if they’re on Part B

Medicare beneficiaries will see their Part B premiums go down for the first time in more than a decade, President Biden said during a White House event on Tuesday.  Monthly Part B premiums, which are currently set at $170.10 in 2022, will decline to $164.90 in 2023 – a $5.20 a month savings, or about … Read more

Wall Street to Pay $1.8 Billion in Fines Over Traders’ Use of Banned Messaging Apps

Wall Street to Pay .8 Billion in Fines Over Traders’ Use of Banned Messaging Apps

WASHINGTON—Eleven of the world’s largest banks and brokerages will collectively pay $1.8 billion in fines to resolve regulatory investigations over their employees’ use of messaging applications that broke record-keeping rules, regulators said Tuesday. The fines, which many of the banks had already disclosed to shareholders, underscore the market regulators’ stern approach to civil enforcement. Fines … Read more

As Labor’s safe status in Melbourne’s west slips, independents are eyeing off ‘neglected’ communities

As Labor’s safe status in Melbourne’s west slips, independents are eyeing off ‘neglected’ communities

Joe Garra may have already kicked a few political goals before any votes have even been cast for this November’s state election. The major political parties are paying serious attention to Melbourne’s outer western suburbs, an area that for generations was considered safe Labor territory. After a tilt at Treasurer Tim Pallas’s Werribee seat in 2018, … Read more

Small Businesses Get Creative as They Still Struggle With Hiring

Small Businesses Get Creative as They Still Struggle With Hiring

The challenges are prompting some entrepreneurs to seek more creative ways to fill labor shortages at a time when they might have expected hiring to get easier. Lindsay Goodson, owner of Keith McDonald Plumbing in Milledgeville, Ga., hasn’t been able to find enough experienced plumbers. So she spent $700 to build a camera system that … Read more

Google CEO Tells Workers They Don’t Need Money to Have Fun

Google CEO Tells Workers They Don’t Need Money to Have Fun

It’s easy to tell workers that fun doesn’t have to cost money when you have lots of money, I dare say.Photo: Jerod Harris (Getty Images) Google CEO Sundar Pichai, who leads one of the world’s richest companies, very likely does not want to talk about money to his employees while the Big Tech giant is … Read more

Opposition raises questions over $26m of school funding to sites in Labor-held seats

Opposition raises questions over m of school funding to sites in Labor-held seats

The South Australian government has been accused of playing favourites with a multi-million dollar fund for school upgrades after only sites in Labor-held electorates received cash for projects. Key points: The budget allocated $26.6 million to school infrastructure projects  All of the funded projects are in Labor-held seats The Education Minister says he has recently approved additional money for … Read more

Fed Raises Interest Rates by 0.75 Percentage Point for Third Straight Meeting

Fed Raises Interest Rates by 0.75 Percentage Point for Third Straight Meeting

Fed officials voted unanimously to lift their benchmark federal-funds rate to a range between 3% and 3.25%, a level last seen in early 2008. Nearly all of them expect to raise rates to between 4% and 4.5% by the end of this year, according to new projections released Wednesday, which would call for sizable rate … Read more