Posted: February 4th, 2017 | Author: Michael Courtenay | Filed under: Business News | Tags: australia, Bank, Banking, Business News, consumer-finance, regulation, Small Business | Comments Off on REPORT: Small Business Inquiry Finds Australian Big Bank Practices Unfair
I’ve banked with a small bank – Bendigo Bank – since my return to Melbourne 8 years ago. Australia’s big banks have plenty of critics, and now they can add the Small Business Ombudsman to that fast growing list.
The high profile Ombudsman, Kate Carnell, who has authored a report released today into banking practices, has found lenders are not being fair when they enter into contracts with small and medium-sized businesses.
The big four banks enjoy a $19 billion advantage over their smaller rivals by still being able to self-calculate the riskiness of their home loans according to analysis from the Australian Prudential Regulation Authority.
Despite a new regulatory framework requiring the big banks to hold larger top tier capital buffers, their ability to internally assess their asset risks is still a huge advantage in terms of the amount of “expensive” capital locked up and their ability to access cheaper funding.
While the CBA, NAB, Westpac and ANZ are now required to base their regulatory capital on a blanket of at least 25 percent of mortgages being at risk, smaller lenders must base their risk weightings at 39 percent :: Read the full article »»»»
Posted: January 28th, 2017 | Author: Michael Courtenay | Filed under: Cankler Science News | Tags: australia, Cankler Science News, Health, Heatwave, Human Interest, weather | Comments Off on Cankler Science Health Factoid: Why You Have Trouble Sleeping During a Heatwave
The morning after a sweltering summer night, you’ve tossed and turned, sweated in your sheets, many may experience a rude awakening.
You know the feeling, you wake up feeling groggy, tired, irritable, almost like you have a hangover.
In Australia temperatures like last week’s heatwave – which saw suburbs stay at around 30 degrees Celsius overnight – and with hot days expected throughout the southern summer, sleep disruption is going to be a regular pain in the neck.
While the body’s core temperature generally hovers steadily around 37C, there is a potential for it to rise and develop into a fever if the surface temperature cannot be cooled and a room remains hot :: Read the full article »»»»
Posted: January 27th, 2017 | Author: Michael Courtenay | Filed under: Technoid Computer News | Tags: australia, Cybersecurity, defence-and-national-security, federal-government, government-and-politics, hacking, information-and-communication, Malcolm Turnbull | Comments Off on Technoid: Australian Prime-minister Declares Cyber Security ‘the new frontier of warfare’
Australian Prime Minister Malcolm Turnbull declared that cyber security was “the new frontier of warfare” and espionage while announcing new measures to protect Australian democracy from foreign interference :: Read the full article »»»»
Posted: January 26th, 2017 | Author: Michael Courtenay | Filed under: Business News, Hard Pill to Swallow, News, Socially Engineered | Tags: australia, Business Economics and Finance, Currency, donald trump, economic-trends, futures, government-and-politics, markets, stockmarket, trade, united-states, US President | Comments Off on Trump Has Become The Single Biggest Global Market Influence
You can be sure that when vast amounts of money move in a particular direction, somewhere, somehow, a powerful person, or group of powerful people, have made an important decision about something :: Read the full article »»»»
Posted: October 30th, 2015 | Author: Michael Courtenay | Filed under: Hard Pill to Swallow, News, Ramble, Revolute, Socially Engineered, Standout | Tags: australia, Australian Politics, Lady Margaret Thatcher, Malcolm Turnbull, OPINION, Standout, Tony Abbott, Will Ferrell | Comments Off on Tony Abbot Impersonates Will Ferrell Impersonating George W Bush
Former prime minister Tony Abbott has used a speech in London to call on European leaders to close their borders to asylum seekers or risk imperilling their nations.
Abbott used the occasion to promote the Coalition’s hardline asylum seeker policies as a solution to Europe’s migrant crisis, which has seen hundreds of thousands of people, mainly from the Middle East, cross into the continent.
The former PM urged regional leaders to act by “turning around boats and denying entry at the border for people with no right to come” :: Read the full article »»»»
Posted: October 21st, 2015 | Author: Michael Courtenay | Filed under: Australia, Hard Pill to Swallow, News, Socially Engineered, Standout | Tags: australia, Australian Law, Crime, Health, Health News, Medicinal Cannabis, Medicinal Marijuana | Comments Off on CHRONIC! Australia to Legalise Cannabis
Australia’s Government has announced it will legalise the growing of cannabis for medicinal purposes.
Health Minister Sussan Ley says the Government wants to give people suffering from debilitating illnesses access to all of the most effective medical treatments, including medical cannabis.
The minister said she had been moved by stories of people who get relief from the currently restricted drug, sometimes legally imported but not always. However, Ms Ley said the legalisation was only about medicinal cannabis, not recreational use.
“This is not a debate about legalisation of cannabis. This is not about illicit drugs. This is not a product you smoke. This has nothing to do with that,” Ms Ley said. “Most commonly the product is an oil or a tincture that you put on your skin.”
A progressive government in Victoria looks to have that state as the nation’s first onboard, the state Government plans to embark on a cannabis cultivation trial, based on the recommendations of a report by the Victorian Law Reform Commission :: Read the full article »»»»