Tennis star Lleyton Hewitt accuses Bernard Tomic of blackmail, physical threats

Tennis star Lleyton Hewitt accuses Bernard Tomic of blackmail, physical threats

"The threats that I've received for me and my family that I've had had for a year and half now, I don't think anyone would reach out to a person who speaks like that. "For me, it was the abuse I copped from him at the end. I drew a line in the sand and…
Fair Work full bench to consider privacy concerns over biometric scanners

Fair Work full bench to consider privacy concerns over biometric scanners

"Information technology companies gather as much information/data on people as they can," Lee said in a letter to the company. "Whether they admit to it or not [see Edward Snowden], such information is used as currency between corporations." He said "all the largest technology companies – such as Apple, Google, Facebook, Telstra, Samsung – are…
Capital Economics becomes fourth forecaster to call for RBA rate cut

Capital Economics becomes fourth forecaster to call for RBA rate cut

"Our forecasts for GDP growth and inflation are more downbeat than the consensus. What's more, banks have raised mortgage rates in response to higher funding costs," Mr Thieliant wrote. "As growth weakens, the RBA may want to offset higher bank lending rates by reducing the cash rate. "We now expect the RBA to cut interest…
Why investors should fear ‘fallen angels’

Why investors should fear ‘fallen angels’

"US junk bond issuance has been prolific, and the quality has been poor," Gundlach said. "Many issues have been floated with no covenants [legal agreements regarding issuer behaviour]." But Gundlach also pointed to the huge growth in the so-called investment-grade section of the market — those bonds that boast a credit rating of BBB-minus or…
Huawei’s independence claims undermined by China

Huawei’s independence claims undermined by China

That includes insisting Huawei would never do anything to harm the interests of its customers, as evidenced by its behaviour in the 170 countries in which it operates. But the much greater evidentiary problem for Huawei is that it is inextricably linked with the views on the present and future behaviour of the Chinese government.…
Aged care has been a profitable short for Monash Investors

Aged care has been a profitable short for Monash Investors

Mr Shields said he is negative on all three stocks, and interestingly it is not just because of the looming royal commission. First, Monash is wary of the effect of falling house prices on the flow of residents into aged care homes. "As people move into aged care homes they often have to sell their…
David Jones’ sales tanked in run-up to Christmas as foot traffic plunged

David Jones’ sales tanked in run-up to Christmas as foot traffic plunged

However, suppliers have told The Australian Financial Review that Myer "traded well" over Christmas, despite pulling back on discounting. David Jones' lacklustre sales follow recent downgrades from Wesfarmers' Kmart, outdoor clothing chain Kathmandu and women's-wear retailer PAS Group and are likely to add to fears about the upcoming profit season and outlook for the full…
A hard Brexit will hurt Europe more than Britain

A hard Brexit will hurt Europe more than Britain

Hard exit wouldn't be too bad Anyway, let's talk about where the economics of Brexit seem to stand now. The long-run economics of Brexit still look mostly the same way they did when I and others began analyzing the prospect back in 2016. Exit from Europe's customs union would substantially raise transaction costs on roughly…
Australian Open: Alex de Minaur is not a sponsorship magnet – yet

Australian Open: Alex de Minaur is not a sponsorship magnet – yet

"The difficult thing is Alex is only in Australia for around a month in a year, so by having TAG and SWISS as his sponsors, it gives him a more global brand," Drysdale said. Australian Davis Cup captain Lleyton Hewitt has taken the teenager under his wing since his introduction to the grand slam scene,…
Upside-down world where government super frees up the market

Upside-down world where government super frees up the market

Labor, backed by union-linked industry funds which have performed better than for-profit retail funds, rejects a government-owned fund. Sceptics ask how could Liberals support the "nationalisation" of super? A political motivation for Liberals is to undermine union-aligned industry funds which are experiencing a surge of fund inflows and gaining power as people flee conflicted for-profit…

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