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INSANE: 2 | Vintage Vibes

‘Mighty’ shoppers drive the economy as millions splurge before Christmas

The strength of consumers spending right now has many economists scratching their heads ahead of Christmas but a "reckoning" looms.

The New Daily

Analysis-Australia's climate policies don't match its big talk at COP27

Australia is talking up its green credentials at the annual U.N. climate summit, but its policies do not match the portrayal as it continues to support new mining and energy projects, and fuels the crisis through its enormous fossil fuel exports.

Reuters

What does the federal budget deliver for business? Child care, skills and tax the centrepieces

Addressing skills shortages is the government's key budget focus to assist business, with tax stings in store for some multinationals, cash-in-hand businesses and investors.

ABC News

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Employers underpaid superannuation by a whopping $33 billion in recent years

Rogue employers are underpaying 2.8 million Australians' superannuation payments and the ATO is only recovering 15 per cent of that total

The New Daily

How Australia can speed up its lagging electric vehicle industry

Fossil fuel subsidies costs Australia billions, money which could be better spent on speeding up the electric vehicle transition.

The New Daily

Climate Council issues pre-budget wishlist

The government could fund electric vehicle chargers for every 12km of road with the $11.6 billion spent on fossil fuel subsidies, the Climate Council says.

AAP

Monthly mortgage repayments could jump by $1000, as RBA weighs another rate hike

Homeowners with a mortgage of $500,000 could be facing monthly mortgage payment increases of just under $1000 by the end of the year

The New Daily

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Climate Council outlines 10 steps to beat government's 43pc emissions reduction target

A report from the Climate Council says the government's 2030 emissions target is too low, and that there are 10 areas we need to focus on to speed up our approach to net-zero.

ABC News

Floods and higher grocery prices reveal cost of climate inaction: Economists

The economic cost of Australia's fourth serious flood in just 18 months is tipped to run into millions of dollars – but it's just the tip of the iceberg.

The New Daily

Why are interest rates going up? What does inflation have to do with the Reserve Bank’s decision?

Interest rates have just risen, again. But do you understand why? Here's everything you need to know.

ABC News

Demand for rooftop solar batteries surges as eastern Australian energy prices soar

Solar Victoria fielded 50% higher than usual number of inquiries into power storage amid cold snap across eastern states

The Guardian - AU

Tony and Diane got flood insurance just before their home was inundated, but were too late

The couple's new flood insurance costs them $7,000 a year. They're struggling to pay it and they're not alone, with insurance affordability around the country predicted to get worse.

ABC News

Climate change means 1 in 25 homes could become uninsurable by 2030

Australia is going to face an "insurability crisis" in under a decade as climate change forces insurance premiums to "skyrocket", a report from the Climate Council warns.

ABC News

Flood and cyclone-prone areas in eastern Australia may be ‘uninsurable’ by 2030

Report mapped 10 electorates considered most at risk of becoming uninsurable due to flood, fire and other extreme weather risk

The Guardian - AU

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ABC News

Calls to increase minimum energy efficiency rating in new homes to reduce carbon emissions and lower power bills

Living in seven-star energy-efficient homes would cut Australian energy bills by an average of $450 a year and help address climate change by reducing emissions, according to a new report from the Climate Council.

The New Daily

Budget failed on gender super gap and retiree support: Advocates

The government's decision to ignore calls to extend superannuation payments to those on paid parental leave will likely widen the gender super gap.

The New Daily

Storm surges and erosion pose risk to $25 billion of property: CoreLogic

Storm surges and erosion could cut billions of dollars in value from thousands of Australian coastal homes within the next 30 years, a new report has found.

ABC News

NSW, Queensland floods on track to be among country's worst-ever natural disasters, Climate Council says

The ongoing floods in Queensland and New South Wales are on track to be one of Australia's worst-ever natural disasters, a Climate Council report says, linking the destruction to climate change.

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The New Daily

‘Uninsurable’: Bleak outlook for once-idyllic riverside homes amid climate crisis

The latest catastrophe will be further fuel for already rising insurance premiums and harder to obtain mortgages in areas most vulnerable to climate change.

The New Daily

Women far less able than men to make superannuation contributions: survey

Women are far less ready and able than men to make superannuation contributions and run their financial lives new research has found

The New Daily

Oxfam highlights inequality as world’s 10 richest men more than double wealth during COVID

COVID-19 has turbocharged the vast fortunes of the world's wealthiest while causing untold harm for the world's poor – driving record inequality.

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