ACTU boss Sally McManus slams ‘boomer fantasy’ that wage increases will hike inflation

Union boss SLAMS Reserve Bank over its ‘boomer fantasy’ that pay rises for average Aussies will push up grocery prices – as she demands huge hikes Reserve Bank governor Philip Lowe warned about 1970s style wage-price spiral  He fears that if workers continue to get high wage rises, inflation will increase  ACTU boss Sally McManus … Read more

Aussies average retirement savings could drop by a shocking $8k each as world stock markets tumble

Australians checking their financial statements at tax time could be in for a shock with the average superannuation savings taking an $8,000 hit.  Customers’ super cash is invested by fund managers into portfolios containing a mix of shares, bonds, property and infrastructure assets – where the investments ideally grow to a healthy balance by retirement.  … Read more

Interest rate rise tips the balance on renting vs buying

Renting has become cheaper than buying a property after last week’s Bank of England interest rate rise, new research has claimed. The monthly cost of owning an average home with a 10 per cent deposit mortgage is now slightly higher than renting it, despite rental inflation hitting double digits for the first time in at least … Read more

Why millions of Australians are suffering a pay cut despite a big rise in the minimum wage

Millions of low-paid Australian workers on award wages and apprenticeships will suffer a pay cut despite the biggest minimum pay increase in 16 years. Australia’s unemployment rate in May stayed at 3.9 per cent for the third straight month – holding at the lowest level since August 1974. But experts fear rising inflation will see … Read more

Interest rates are set to rise AGAIN with Bank of England taking base above 1 per cent

Interest rates are set to rise AGAIN with Bank of England taking base above 1 per cent for the first time since 2009 in bid to tackle rampant inflation Interest rates have bumped up rates four times since December Prices jumped by 9 per cent, the highest rate of inflation since the 1980s if rates … Read more

Snoop Dogg inundated with requests after tweeting that he pays professional blunt roller $50k

Snoop Dogg revealed on Twitter that he pays a professional blunt roller more than $50,000 a year due to ‘inflation’ after a popular Twitter account reminded the public he had one.  Now the rapper has been inundated with job inquires from weed enthusiasts. UberFacts on Twitter wrote: ‘Snoop Dogg employs a full-time blunt roller who … Read more

Boots freezes prices of 1,500 own-brand products until end of the year

Boots freezes prices of 1,500 own-brand products including toothpaste, shampoo, nappies and shower gel until end of the year The retailer has announced the move as the cost of living continues to spiral It has also expanded its range of own-brand products with prices from 40p   The ‘newly expanded’ range will offer ‘trusted quality and … Read more

Musk’s Twitter deal threats put new financing on ice

BREAKING NEWS: Private equity financing talks for Elon Musk’s Twitter deal have been put on HOLD due to ‘uncertainty’ just one day after he threatened to walk away from the deal over ‘fake accounts’ By Reuters Published: 21:59 BST, 7 June 2022 | Updated: 22:09 BST, 7 June 2022 Elon Musk’s efforts to arrange new … Read more

Karine Jean-Pierre blames inflation on ‘global challenges’ and points finger at Trump

White House Press Secretary Karine Jean-Pierre on Tuesday morning blamed ‘global challenges’ including the invasion of Ukraine and pointed to the Trump administration for inflation and the state of the economy. Biden is under pressure to fix the highest inflation in 40 years and is calling it his top priority, but polls show Americans overwhelmingly doubt … Read more